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%18.7%
1 years$850,564$842,988$835,596$828,381$821,336$792,510
2 years$421,071$413,229$405,629$398,260$391,113$362,373
3 years$277,926$270,050$262,469$255,169$248,138$220,388
4 years$206,367$198,515$191,010$183,835$176,974$150,427
5 years$163,443$155,638$148,232$141,203$134,533$109,257
6 years$134,836$127,090$119,793$112,921$106,451$82,467
7 years$114,411$106,730$99,549$92,839$86,573$63,875
8 years$99,099$91,488$84,425$77,880$71,821$50,391
9 years$87,196$79,656$72,715$66,337$60,484$40,294
10 years$77,679$70,213$63,395$57,183$51,535$32,552
11 years$69,898$62,507$55,812$49,766$44,322$26,506
12 years$63,418$56,103$49,532$43,652$38,408$21,719
13 years$57,939$50,700$44,253$38,538$33,493$17,884
14 years$53,247$46,085$39,762$34,210$29,360$14,786
15 years$49,184$42,100$35,900$30,509$25,851$12,263
16 years$45,633$38,626$32,548$27,317$22,847$10,199
17 years$42,503$35,573$29,618$24,544$20,258$8,500
18 years$39,723$32,871$27,037$22,120$18,012$7,097
19 years$37,239$30,464$24,751$19,987$16,055$5,934
20 years$35,006$28,309$22,715$18,102$14,340$4,968
21 years$32,989$26,369$20,894$16,429$12,833$4,163
22 years$31,157$24,614$19,257$14,937$11,503$3,492
23 years$29,487$23,021$17,780$13,604$10,326$2,931
24 years$27,959$21,569$16,444$12,407$9,281$2,461
25 years$26,555$20,242$15,230$11,331$8,351$2,068
26 years$25,261$19,024$14,125$10,361$7,523$1,739
27 years$24,065$17,904$13,116$9,483$6,782$1,462
28 years$22,956$16,871$12,193$8,689$6,120$1,230
29 years$21,926$15,916$11,347$7,968$5,526$1,035
30 years$20,966$15,031$10,569$7,312$4,993$871
31 years$20,070$14,209$9,854$6,716$4,514$733
32 years$19,232$13,444$9,194$6,172$4,083$617
33 years$18,446$12,732$8,584$5,676$3,696$519
34 years$17,708$12,067$8,020$5,222$3,346$437
35 years$17,013$11,446$7,499$4,807$3,030$368
36 years$16,359$10,863$7,015$4,427$2,746$310
37 years$15,741$10,318$6,566$4,079$2,489$261
38 years$15,158$9,806$6,148$3,760$2,256$220
39 years$14,605$9,324$5,760$3,467$2,046$185
40 years$14,082$8,871$5,399$3,198$1,856$156
41 years$13,585$8,445$5,063$2,950$1,684$131
42 years$13,113$8,042$4,749$2,723$1,528$111
43 years$12,665$7,663$4,456$2,513$1,386$93
44 years$12,238$7,304$4,183$2,321$1,258$79
45 years$11,831$6,965$3,928$2,143$1,142$66
46 years$11,443$6,644$3,689$1,980$1,037$56
47 years$11,073$6,341$3,466$1,829$942$47
48 years$10,719$6,053$3,257$1,690$855$40
49 years$10,380$5,780$3,061$1,562$777$33
50 years$10,056$5,522$2,878$1,444$706$28

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 $3,553 every year, while hoping to spend $36,361 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: 78/9/13 Blend
61$10,300,000$10,300,000$10,300,000$10,300,000
62$11,354,265$10,808,365$10,648,715$12,210,474
63$12,473,712$11,299,287$10,966,759$13,265,526
64$13,706,124$11,813,046$11,294,239$14,417,468
65$15,062,985$12,350,721$11,631,432$15,679,948
66$16,556,950$12,913,446$11,978,625$17,063,989
67$18,201,961$13,502,408$12,336,111$18,581,726
68$20,013,384$14,118,848$12,704,194$20,246,527
69$22,008,148$14,764,071$13,083,184$22,073,107
70$24,204,911$15,439,443$13,473,402$24,077,676
71$26,624,230$16,146,393$13,875,179$26,278,083
72$29,288,757$16,886,422$14,288,853$28,693,987
73$32,223,455$17,661,101$14,714,774$31,347,040
74$35,455,830$18,472,078$15,153,302$34,261,090
75$39,016,193$19,321,078$15,604,806$37,462,403
76$42,937,945$20,209,912$16,069,668$40,979,912
77$47,257,892$21,140,474$16,548,279$44,845,485
78$52,016,593$22,114,753$17,041,041$49,094,227
79$57,258,740$23,134,831$17,548,371$53,764,806
80$63,033,585$24,202,891$18,070,695$58,899,821
81$69,395,399$25,321,221$18,608,452$64,546,196
82$76,403,989$26,492,219$19,162,093$70,755,626
83$84,125,258$27,718,400$19,732,086$77,585,059
84$92,631,830$29,002,397$20,318,906$85,097,233
85$102,003,735$30,346,973$20,923,048$93,361,265
86$112,329,163$31,755,022$21,545,017$102,453,301
87$123,705,298$33,229,579$22,185,336$112,457,234
88$136,239,233$34,773,823$22,844,540$123,465,490
89$150,048,984$36,391,089$23,523,181$135,579,898
90$165,264,600$38,084,872$24,221,827$148,912,650
91$182,029,393$39,858,835$24,941,062$163,587,357
92$200,501,291$41,716,817$25,681,487$179,740,210
93$220,854,326$43,662,845$26,443,721$197,521,264
94$243,280,281$45,701,139$27,228,399$217,095,852
95$267,990,497$47,836,121$28,036,177$238,646,139
96$295,217,866$50,072,430$28,867,728$262,372,840
97$325,219,036$52,414,927$29,723,744$288,497,110
98$358,276,827$54,868,707$30,604,939$317,262,629
99$394,702,905$57,439,115$31,512,046$348,937,893
100$434,840,720$60,131,751$32,445,818$383,818,751