Can I retire at age 62 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$858,822$851,172$843,709$836,424$829,311$813,898
2 years$425,160$417,241$409,567$402,127$394,910$379,440
3 years$280,624$272,672$265,017$257,647$250,547$235,501
4 years$208,371$200,443$192,865$185,620$178,692$164,187
5 years$165,030$157,149$149,671$142,574$135,839$121,915
6 years$136,145$128,324$120,956$114,017$107,485$94,158
7 years$115,522$107,767$100,515$93,740$87,414$74,688
8 years$100,061$92,376$85,245$78,636$72,518$60,390
9 years$88,043$80,430$73,421$66,981$61,071$49,532
10 years$78,433$70,895$64,010$57,738$52,035$41,076
11 years$70,576$63,114$56,354$50,249$44,752$34,360
12 years$64,033$56,647$50,013$44,075$38,781$28,942
13 years$58,502$51,193$44,683$38,912$33,818$24,515
14 years$53,764$46,533$40,148$34,542$29,645$20,862
15 years$49,662$42,508$36,248$30,805$26,102$17,821
16 years$46,076$39,001$32,864$27,583$23,069$15,272
17 years$42,915$35,918$29,905$24,783$20,454$13,123
18 years$40,109$33,190$27,299$22,334$18,187$11,302
19 years$37,601$30,760$24,991$20,181$16,210$9,753
20 years$35,346$28,584$22,936$18,278$14,479$8,429
21 years$33,309$26,625$21,097$16,588$12,957$7,296
22 years$31,460$24,853$19,444$15,082$11,615$6,322
23 years$29,774$23,245$17,953$13,736$10,426$5,485
24 years$28,230$21,779$16,603$12,528$9,371$4,762
25 years$26,813$20,438$15,378$11,441$8,432$4,138
26 years$25,506$19,209$14,262$10,461$7,596$3,598
27 years$24,299$18,078$13,244$9,575$6,848$3,130
28 years$23,179$17,034$12,312$8,773$6,179$2,725
29 years$22,139$16,070$11,457$8,045$5,580$2,373
30 years$21,170$15,176$10,672$7,383$5,042$2,067
31 years$20,265$14,347$9,949$6,781$4,558$1,801
32 years$19,418$13,575$9,283$6,232$4,123$1,570
33 years$18,625$12,856$8,667$5,731$3,731$1,369
34 years$17,880$12,184$8,098$5,273$3,378$1,194
35 years$17,178$11,557$7,571$4,854$3,060$1,041
36 years$16,518$10,969$7,083$4,470$2,772$908
37 years$15,894$10,418$6,629$4,119$2,513$793
38 years$15,305$9,901$6,208$3,796$2,278$692
39 years$14,747$9,415$5,816$3,501$2,066$604
40 years$14,218$8,957$5,452$3,229$1,874$527
41 years$13,717$8,527$5,112$2,979$1,700$460
42 years$13,241$8,120$4,795$2,749$1,543$401
43 years$12,788$7,737$4,500$2,538$1,400$350
44 years$12,357$7,375$4,224$2,343$1,271$306
45 years$11,946$7,033$3,966$2,164$1,154$267
46 years$11,554$6,709$3,725$1,999$1,047$233
47 years$11,180$6,402$3,499$1,847$951$204
48 years$10,823$6,112$3,288$1,707$864$178
49 years$10,481$5,837$3,091$1,577$784$155
50 years$10,154$5,575$2,906$1,458$713$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,400,000, adding $4,849 every year, while hoping to spend $45,828 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: 87/6/7 Blend
61$10,400,000$10,400,000$10,400,000$10,400,000
62$11,465,802$10,914,602$10,753,402$12,457,172
63$12,586,553$11,400,657$11,064,880$13,589,863
64$13,820,085$11,908,992$11,385,257$14,827,816
65$15,177,852$12,440,652$11,714,782$16,187,013
66$16,672,478$12,996,729$12,053,712$17,679,643
67$18,317,870$13,578,367$12,402,311$19,319,133
68$20,129,353$14,186,768$12,760,848$21,120,268
69$22,123,814$14,823,186$13,129,603$23,099,340
70$24,319,859$15,488,939$13,508,862$25,274,291
71$26,737,993$16,185,405$13,898,917$27,664,886
72$29,400,808$16,914,029$14,300,070$30,292,899
73$32,333,200$17,676,326$14,712,631$33,182,317
74$35,562,601$18,473,881$15,136,919$36,359,563
75$39,119,240$19,308,355$15,573,260$39,853,748
76$43,036,428$20,181,490$16,021,990$43,696,941
77$47,350,871$21,095,110$16,483,454$47,924,474
78$52,103,016$22,051,127$16,958,006$52,575,271
79$57,337,434$23,051,542$17,446,009$57,692,218
80$63,103,240$24,098,455$17,947,838$63,322,561
81$69,454,555$25,194,064$18,463,876$69,518,356
82$76,451,021$26,340,674$18,994,516$76,336,957
83$84,158,357$27,540,699$19,540,165$83,841,553
84$92,648,985$28,796,670$20,101,236$92,101,768
85$102,002,712$30,111,237$20,678,158$101,194,313
86$112,307,479$31,487,178$21,271,367$111,203,709
87$123,660,199$32,927,407$21,881,314$122,223,085
88$136,167,662$34,434,973$22,508,462$134,355,052
89$149,947,552$36,013,075$23,153,284$147,712,672
90$165,129,551$37,665,064$23,816,267$162,420,524
91$181,856,564$39,394,451$24,497,911$178,615,876
92$200,286,073$41,204,918$25,198,730$196,449,979
93$220,591,616$43,100,323$25,919,251$216,089,494
94$242,964,430$45,084,708$26,660,015$237,718,059
95$267,615,254$47,162,311$27,421,578$261,538,027
96$294,776,318$49,337,572$28,204,509$287,772,367
97$324,703,536$51,615,147$29,009,393$316,666,770
98$357,678,921$53,999,914$29,836,833$348,491,964
99$394,013,248$56,496,986$30,687,444$383,546,268
100$434,048,986$59,111,725$31,561,859$422,158,403