Can I retire at age 62 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$850,564$842,988$835,596$828,381$821,336$795,045
2 years$421,071$413,229$405,629$398,260$391,113$364,867
3 years$277,926$270,050$262,469$255,169$248,138$222,762
4 years$206,367$198,515$191,010$183,835$176,974$152,661
5 years$163,443$155,638$148,232$141,203$134,533$111,349
6 years$134,836$127,090$119,793$112,921$106,451$84,416
7 years$114,411$106,730$99,549$92,839$86,573$65,684
8 years$99,099$91,488$84,425$77,880$71,821$52,064
9 years$87,196$79,656$72,715$66,337$60,484$41,835
10 years$77,679$70,213$63,395$57,183$51,535$33,968
11 years$69,898$62,507$55,812$49,766$44,322$27,803
12 years$63,418$56,103$49,532$43,652$38,408$22,903
13 years$57,939$50,700$44,253$38,538$33,493$18,962
14 years$53,247$46,085$39,762$34,210$29,360$15,764
15 years$49,184$42,100$35,900$30,509$25,851$13,150
16 years$45,633$38,626$32,548$27,317$22,847$10,999
17 years$42,503$35,573$29,618$24,544$20,258$9,221
18 years$39,723$32,871$27,037$22,120$18,012$7,745
19 years$37,239$30,464$24,751$19,987$16,055$6,515
20 years$35,006$28,309$22,715$18,102$14,340$5,488
21 years$32,989$26,369$20,894$16,429$12,833$4,628
22 years$31,157$24,614$19,257$14,937$11,503$3,906
23 years$29,487$23,021$17,780$13,604$10,326$3,299
24 years$27,959$21,569$16,444$12,407$9,281$2,788
25 years$26,555$20,242$15,230$11,331$8,351$2,358
26 years$25,261$19,024$14,125$10,361$7,523$1,995
27 years$24,065$17,904$13,116$9,483$6,782$1,688
28 years$22,956$16,871$12,193$8,689$6,120$1,430
29 years$21,926$15,916$11,347$7,968$5,526$1,211
30 years$20,966$15,031$10,569$7,312$4,993$1,026
31 years$20,070$14,209$9,854$6,716$4,514$869
32 years$19,232$13,444$9,194$6,172$4,083$736
33 years$18,446$12,732$8,584$5,676$3,696$624
34 years$17,708$12,067$8,020$5,222$3,346$529
35 years$17,013$11,446$7,499$4,807$3,030$448
36 years$16,359$10,863$7,015$4,427$2,746$380
37 years$15,741$10,318$6,566$4,079$2,489$322
38 years$15,158$9,806$6,148$3,760$2,256$273
39 years$14,605$9,324$5,760$3,467$2,046$232
40 years$14,082$8,871$5,399$3,198$1,856$196
41 years$13,585$8,445$5,063$2,950$1,684$167
42 years$13,113$8,042$4,749$2,723$1,528$141
43 years$12,665$7,663$4,456$2,513$1,386$120
44 years$12,238$7,304$4,183$2,321$1,258$102
45 years$11,831$6,965$3,928$2,143$1,142$86
46 years$11,443$6,644$3,689$1,980$1,037$73
47 years$11,073$6,341$3,466$1,829$942$62
48 years$10,719$6,053$3,257$1,690$855$53
49 years$10,380$5,780$3,061$1,562$777$45
50 years$10,056$5,522$2,878$1,444$706$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,300,000, adding $3,583 every year, while hoping to spend $55,160 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: 72/18/10 Blend
61$10,300,000$10,300,000$10,300,000$10,300,000
62$11,354,296$10,808,396$10,648,746$12,150,025
63$12,453,744$11,279,317$10,946,789$13,147,435
64$13,663,488$11,771,465$11,252,968$14,232,023
65$14,994,718$12,285,822$11,567,497$15,418,065
66$16,459,767$12,823,414$11,890,595$16,715,562
67$18,072,221$13,385,320$12,222,489$18,135,522
68$19,847,053$13,972,667$12,563,408$19,690,060
69$21,800,759$14,586,634$12,913,589$21,392,514
70$23,951,517$15,228,459$13,273,274$23,257,565
71$26,319,354$15,899,436$13,642,711$25,301,374
72$28,926,342$16,600,922$14,022,156$27,541,735
73$31,796,799$17,334,337$14,411,868$29,998,239
74$34,957,521$18,101,168$14,812,114$32,692,457
75$38,438,036$18,902,974$15,223,168$35,648,139
76$42,270,882$19,741,385$15,645,310$38,891,439
77$46,491,911$20,618,112$16,078,827$42,451,157
78$51,140,631$21,534,945$16,524,013$46,359,008
79$56,260,577$22,493,759$16,981,169$50,649,920
80$61,899,721$23,496,518$17,450,603$55,362,359
81$68,110,925$24,545,280$17,932,631$60,538,690
82$74,952,441$25,642,201$18,427,576$66,225,572
83$82,488,459$26,789,538$18,935,769$72,474,398
84$90,789,714$27,989,657$19,457,549$79,341,772
85$99,934,150$29,245,035$19,993,262$86,890,044
86$110,007,661$30,558,270$20,543,265$95,187,892
87$121,104,898$31,932,081$21,107,919$104,310,966
88$133,330,161$33,369,316$21,687,598$114,342,601
89$146,798,387$34,872,962$22,282,682$125,374,594
90$161,636,231$36,446,146$22,893,560$137,508,070
91$177,983,264$38,092,145$23,520,632$150,854,431
92$195,993,289$39,814,392$24,164,305$165,536,401
93$215,835,792$41,616,484$24,824,997$181,689,179
94$237,697,543$43,502,192$25,503,134$199,461,712
95$261,784,357$45,475,464$26,199,154$219,018,095
96$288,323,038$47,540,438$26,913,502$240,539,109
97$317,563,520$49,701,452$27,646,637$264,223,930
98$349,781,225$51,963,049$28,399,025$290,291,994
99$385,279,661$54,329,990$29,171,144$318,985,066
100$424,393,292$56,807,265$29,963,483$350,569,516