Can I retire at age 62 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$834,049$826,619$819,371$812,296$805,388$780,232
2 years$412,895$405,206$397,753$390,527$383,518$358,398
3 years$272,529$264,806$257,372$250,214$243,320$219,023
4 years$202,360$194,661$187,301$180,265$173,538$150,251
5 years$160,269$152,616$145,353$138,461$131,921$109,706
6 years$132,218$124,623$117,467$110,728$104,384$83,262
7 years$112,190$104,658$97,616$91,036$84,892$64,860
8 years$97,175$89,711$82,786$76,368$70,426$51,471
9 years$85,503$78,110$71,303$65,048$59,309$41,410
10 years$76,171$68,850$62,164$56,072$50,534$33,664
11 years$68,540$61,293$54,728$48,800$43,461$27,590
12 years$62,186$55,013$48,570$42,804$37,663$22,758
13 years$56,814$49,716$43,394$37,789$32,843$18,868
14 years$52,213$45,190$38,990$33,545$28,790$15,708
15 years$48,229$41,282$35,202$29,917$25,349$13,121
16 years$44,747$37,876$31,916$26,787$22,403$10,991
17 years$41,677$34,882$29,042$24,068$19,864$9,228
18 years$38,952$32,233$26,512$21,690$17,662$7,762
19 years$36,516$29,873$24,270$19,599$15,743$6,539
20 years$34,327$27,759$22,274$17,750$14,062$5,517
21 years$32,348$25,857$20,488$16,110$12,584$4,659
22 years$30,552$24,136$18,883$14,647$11,280$3,938
23 years$28,915$22,574$17,435$13,340$10,125$3,332
24 years$27,416$21,151$16,124$12,167$9,101$2,821
25 years$26,039$19,849$14,934$11,111$8,189$2,389
26 years$24,771$18,655$13,851$10,159$7,377$2,025
27 years$23,598$17,556$12,862$9,299$6,651$1,716
28 years$22,511$16,543$11,957$8,520$6,001$1,455
29 years$21,500$15,607$11,127$7,813$5,419$1,235
30 years$20,559$14,739$10,364$7,170$4,896$1,048
31 years$19,680$13,933$9,662$6,586$4,427$889
32 years$18,858$13,183$9,015$6,052$4,004$755
33 years$18,088$12,485$8,417$5,566$3,624$641
34 years$17,364$11,833$7,865$5,121$3,281$544
35 years$16,683$11,223$7,353$4,714$2,972$462
36 years$16,041$10,653$6,878$4,341$2,692$392
37 years$15,436$10,117$6,438$4,000$2,440$333
38 years$14,863$9,615$6,029$3,687$2,212$283
39 years$14,322$9,143$5,649$3,400$2,006$240
40 years$13,808$8,699$5,294$3,136$1,820$204
41 years$13,321$8,281$4,964$2,893$1,651$173
42 years$12,859$7,886$4,657$2,670$1,498$147
43 years$12,419$7,514$4,370$2,465$1,360$125
44 years$12,000$7,162$4,102$2,276$1,234$106
45 years$11,601$6,830$3,851$2,102$1,120$90
46 years$11,221$6,515$3,617$1,941$1,017$77
47 years$10,858$6,218$3,398$1,794$924$65
48 years$10,511$5,936$3,194$1,657$839$55
49 years$10,179$5,668$3,002$1,532$762$47
50 years$9,861$5,415$2,822$1,416$692$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,100,000, adding $3,426 every year, while hoping to spend $27,858 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: 62/9/29 Blend
61$10,100,000$10,100,000$10,100,000$10,100,000
62$11,133,734$10,598,434$10,441,884$11,736,926
63$12,239,734$11,088,116$10,762,046$12,637,345
64$13,457,613$11,600,860$11,092,001$13,616,821
65$14,798,752$12,137,764$11,432,045$14,685,821
66$16,275,693$12,699,984$11,782,488$15,853,115
67$17,902,258$13,288,728$12,143,645$17,128,357
68$19,693,676$13,905,263$12,515,845$18,522,167
69$21,666,728$14,550,918$12,899,423$20,046,240
70$23,839,907$15,227,085$13,294,726$21,713,445
71$26,233,590$15,935,225$13,702,112$23,537,950
72$28,870,232$16,676,866$14,121,948$25,535,351
73$31,774,577$17,453,614$14,554,615$27,722,821
74$34,973,892$18,267,150$15,000,503$30,119,265
75$38,498,224$19,119,235$15,460,014$32,745,499
76$42,380,683$20,011,718$15,933,565$35,624,445
77$46,657,756$20,946,535$16,421,583$38,781,342
78$51,369,648$21,925,717$16,924,507$42,243,986
79$56,560,667$22,951,392$17,442,793$46,042,985
80$62,279,637$24,025,791$17,976,908$50,212,048
81$68,580,359$25,151,254$18,527,334$54,788,302
82$75,522,124$26,330,234$19,094,567$59,812,635
83$83,170,265$27,565,300$19,679,120$65,330,083
84$91,596,780$28,859,148$20,281,519$71,390,250
85$100,881,009$30,214,604$20,902,307$78,047,774
86$111,110,383$31,634,630$21,542,045$85,362,837
87$122,381,247$33,122,331$22,201,309$93,401,735
88$134,799,774$34,680,965$22,880,692$102,237,493
89$148,482,963$36,313,945$23,580,807$111,950,557
90$163,559,746$38,024,849$24,302,285$122,629,544
91$180,172,204$39,817,430$25,045,776$134,372,079
92$198,476,907$41,695,623$25,811,948$147,285,711
93$218,646,396$43,663,552$26,601,492$161,488,920
94$240,870,804$45,725,543$27,415,118$177,112,237
95$265,359,660$47,886,129$28,253,559$194,299,466
96$292,343,861$50,150,064$29,117,569$213,209,041
97$322,077,852$52,522,335$30,007,924$234,015,513
98$354,842,030$55,008,166$30,925,427$256,911,194
99$390,945,390$57,613,039$31,870,901$282,107,966
100$430,728,440$60,342,698$32,845,197$309,839,276