Can I retire at age 62 with 5,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$487,216$482,877$478,642$474,510$470,474$461,542
2 years$241,196$236,704$232,351$228,130$224,035$215,071
3 years$159,200$154,689$150,346$146,165$142,137$133,420
4 years$118,210$113,713$109,414$105,304$101,373$92,971
5 years$93,623$89,152$84,909$80,883$77,063$68,998
6 years$77,236$72,799$68,619$64,683$60,977$53,260
7 years$65,536$61,137$57,023$53,179$49,591$42,223
8 years$56,765$52,406$48,360$44,611$41,140$34,120
9 years$49,947$45,628$41,653$37,999$34,646$27,969
10 years$44,496$40,219$36,314$32,755$29,520$23,180
11 years$40,038$35,805$31,970$28,507$25,388$19,378
12 years$36,327$32,136$28,373$25,004$22,001$16,311
13 years$33,188$29,042$25,349$22,075$19,185$13,808
14 years$30,501$26,398$22,776$19,596$16,818$11,742
15 years$28,174$24,115$20,564$17,476$14,808$10,024
16 years$26,139$22,125$18,644$15,648$13,087$8,584
17 years$24,346$20,377$16,965$14,059$11,604$7,371
18 years$22,754$18,829$15,487$12,670$10,318$6,343
19 years$21,331$17,450$14,178$11,449$9,196$5,470
20 years$20,052$16,216$13,012$10,369$8,214$4,724
21 years$18,897$15,104$11,968$9,411$7,351$4,086
22 years$17,847$14,099$11,031$8,556$6,589$3,538
23 years$16,891$13,187$10,185$7,792$5,915$3,067
24 years$16,015$12,355$9,419$7,107$5,316$2,660
25 years$15,211$11,595$8,724$6,491$4,784$2,310
26 years$14,470$10,897$8,091$5,935$4,309$2,007
27 years$13,785$10,256$7,513$5,432$3,885$1,745
28 years$13,150$9,664$6,985$4,977$3,506$1,517
29 years$12,560$9,117$6,500$4,564$3,165$1,320
30 years$12,010$8,610$6,054$4,189$2,860$1,149
31 years$11,497$8,139$5,644$3,847$2,586$1,001
32 years$11,016$7,701$5,266$3,535$2,339$871
33 years$10,566$7,293$4,917$3,251$2,117$759
34 years$10,143$6,912$4,594$2,991$1,917$661
35 years$9,745$6,556$4,295$2,754$1,736$577
36 years$9,371$6,223$4,018$2,536$1,573$503
37 years$9,017$5,910$3,761$2,337$1,426$438
38 years$8,682$5,617$3,522$2,154$1,292$382
39 years$8,366$5,341$3,300$1,986$1,172$333
40 years$8,066$5,082$3,093$1,832$1,063$290
41 years$7,782$4,837$2,900$1,690$964$253
42 years$7,512$4,607$2,720$1,560$875$221
43 years$7,255$4,389$2,553$1,440$794$193
44 years$7,010$4,184$2,396$1,329$721$168
45 years$6,777$3,990$2,250$1,228$654$147
46 years$6,555$3,806$2,113$1,134$594$128
47 years$6,343$3,632$1,985$1,048$540$112
48 years$6,140$3,467$1,866$968$490$97
49 years$5,946$3,311$1,754$895$445$85
50 years$5,760$3,163$1,649$827$404$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,900,000, adding $4,525 every year, while hoping to spend $50,214 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/37/7 Blend
61$5,900,000$5,900,000$5,900,000$5,900,000
62$6,506,468$6,193,768$6,102,318$6,860,368
63$7,116,700$6,443,835$6,253,318$7,349,445
64$7,787,493$6,704,472$6,407,694$7,875,865
65$8,524,971$6,976,145$6,565,505$8,447,974
66$9,335,881$7,259,340$6,726,813$9,070,128
67$10,227,657$7,554,563$6,891,677$9,747,116
68$11,208,489$7,862,348$7,060,159$10,484,204
69$12,287,400$8,183,248$7,232,320$11,287,180
70$13,474,334$8,517,846$7,408,221$12,162,411
71$14,780,243$8,866,748$7,587,924$13,116,896
72$16,217,198$9,230,589$7,771,490$14,158,335
73$17,798,498$9,610,033$7,958,980$15,295,197
74$19,538,796$10,005,776$8,150,457$16,536,799
75$21,454,236$10,418,542$8,345,981$17,893,392
76$23,562,610$10,849,092$8,545,613$19,376,253
77$25,883,519$11,298,221$8,749,414$20,997,792
78$28,438,563$11,766,759$8,957,444$22,771,666
79$31,251,542$12,255,575$9,169,764$24,712,904
80$34,348,680$12,765,579$9,386,432$26,838,047
81$37,758,875$13,297,722$9,607,507$29,165,302
82$41,513,969$13,852,999$9,833,047$31,714,710
83$45,649,048$14,432,450$10,063,108$34,508,332
84$50,202,776$15,037,166$10,297,747$37,570,455
85$55,217,757$15,668,284$10,537,019$40,927,816
86$60,740,936$16,326,998$10,780,977$44,609,854
87$66,824,044$17,014,553$11,029,673$48,648,981
88$73,524,087$17,732,257$11,283,157$53,080,887
89$80,903,880$18,481,474$11,541,479$57,944,870
90$89,032,642$19,263,632$11,804,685$63,284,206
91$97,986,650$20,080,229$12,072,821$69,146,549
92$107,849,956$20,932,828$12,345,928$75,584,381
93$118,715,183$21,823,067$12,624,047$82,655,499
94$130,684,395$22,752,661$12,907,217$90,423,560
95$143,870,065$23,723,404$13,195,470$98,958,670
96$158,396,134$24,737,172$13,488,840$108,338,047
97$174,399,178$25,795,932$13,787,354$118,646,742
98$192,029,701$26,901,740$14,091,038$129,978,432
99$211,453,555$28,056,749$14,399,912$142,436,307
100$232,853,502$29,263,214$14,713,993$156,134,028