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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$858,822$851,172$843,709$836,424$829,311$821,676
2 years$425,160$417,241$409,567$402,127$394,910$387,218
3 years$280,624$272,672$265,017$257,647$250,547$243,036
4 years$208,371$200,443$192,865$185,620$178,692$171,420
5 years$165,030$157,149$149,671$142,574$135,839$128,827
6 years$136,145$128,324$120,956$114,017$107,485$100,742
7 years$115,522$107,767$100,515$93,740$87,414$80,943
8 years$100,061$92,376$85,245$78,636$72,518$66,319
9 years$88,043$80,430$73,421$66,981$61,071$55,141
10 years$78,433$70,895$64,010$57,738$52,035$46,372
11 years$70,576$63,114$56,354$50,249$44,752$39,350
12 years$64,033$56,647$50,013$44,075$38,781$33,636
13 years$58,502$51,193$44,683$38,912$33,818$28,923
14 years$53,764$46,533$40,148$34,542$29,645$24,994
15 years$49,662$42,508$36,248$30,805$26,102$21,688
16 years$46,076$39,001$32,864$27,583$23,069$18,886
17 years$42,915$35,918$29,905$24,783$20,454$16,494
18 years$40,109$33,190$27,299$22,334$18,187$14,443
19 years$37,601$30,760$24,991$20,181$16,210$12,674
20 years$35,346$28,584$22,936$18,278$14,479$11,142
21 years$33,309$26,625$21,097$16,588$12,957$9,812
22 years$31,460$24,853$19,444$15,082$11,615$8,653
23 years$29,774$23,245$17,953$13,736$10,426$7,641
24 years$28,230$21,779$16,603$12,528$9,371$6,754
25 years$26,813$20,438$15,378$11,441$8,432$5,976
26 years$25,506$19,209$14,262$10,461$7,596$5,292
27 years$24,299$18,078$13,244$9,575$6,848$4,689
28 years$23,179$17,034$12,312$8,773$6,179$4,158
29 years$22,139$16,070$11,457$8,045$5,580$3,689
30 years$21,170$15,176$10,672$7,383$5,042$3,275
31 years$20,265$14,347$9,949$6,781$4,558$2,909
32 years$19,418$13,575$9,283$6,232$4,123$2,584
33 years$18,625$12,856$8,667$5,731$3,731$2,297
34 years$17,880$12,184$8,098$5,273$3,378$2,042
35 years$17,178$11,557$7,571$4,854$3,060$1,816
36 years$16,518$10,969$7,083$4,470$2,772$1,615
37 years$15,894$10,418$6,629$4,119$2,513$1,437
38 years$15,305$9,901$6,208$3,796$2,278$1,279
39 years$14,747$9,415$5,816$3,501$2,066$1,138
40 years$14,218$8,957$5,452$3,229$1,874$1,013
41 years$13,717$8,527$5,112$2,979$1,700$902
42 years$13,241$8,120$4,795$2,749$1,543$803
43 years$12,788$7,737$4,500$2,538$1,400$715
44 years$12,357$7,375$4,224$2,343$1,271$637
45 years$11,946$7,033$3,966$2,164$1,154$567
46 years$11,554$6,709$3,725$1,999$1,047$505
47 years$11,180$6,402$3,499$1,847$951$450
48 years$10,823$6,112$3,288$1,707$864$401
49 years$10,481$5,837$3,091$1,577$784$357
50 years$10,154$5,575$2,906$1,458$713$318

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 $3,028 every year, while hoping to spend $30,471 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: 42/44/14 Blend
61$10,400,000$10,400,000$10,400,000$10,400,000
62$11,463,923$10,912,723$10,751,523$11,898,261
63$12,600,823$11,415,026$11,079,279$12,706,185
64$13,852,664$11,940,920$11,416,992$13,577,253
65$15,231,141$12,491,530$11,764,966$14,519,828
66$16,749,135$13,068,032$12,123,510$15,540,460
67$18,420,843$13,671,663$12,492,945$16,646,336
68$20,261,910$14,303,715$12,873,599$17,845,342
69$22,289,573$14,965,545$13,265,813$19,146,132
70$24,522,828$15,658,575$13,669,936$20,558,204
71$26,982,606$16,384,295$14,086,328$22,091,986
72$29,691,972$17,144,265$14,515,360$23,758,928
73$32,676,343$17,940,125$14,957,415$25,571,605
74$35,963,728$18,773,589$15,412,886$27,543,830
75$39,584,989$19,646,456$15,882,179$29,690,777
76$43,574,138$20,560,611$16,365,711$32,029,117
77$47,968,651$21,518,033$16,863,914$34,577,171
78$52,809,828$22,520,791$17,377,230$37,355,075
79$58,143,179$23,571,058$17,906,115$40,384,961
80$64,018,854$24,671,111$18,451,041$43,691,160
81$70,492,118$25,823,336$19,012,491$47,300,423
82$77,623,870$27,030,235$19,590,966$51,242,162
83$85,481,219$28,294,431$20,186,978$55,548,724
84$94,138,120$29,618,675$20,801,058$60,255,684
85$103,676,065$31,005,847$21,433,750$65,402,170
86$114,184,860$32,458,970$22,085,618$71,031,222
87$125,763,468$33,981,212$22,757,238$77,190,192
88$138,520,945$35,575,894$23,449,209$83,931,174
89$152,577,466$37,246,498$24,162,142$91,311,486
90$168,065,466$38,996,674$24,896,672$99,394,200
91$185,130,882$40,830,250$25,653,449$108,248,723
92$203,934,536$42,751,237$26,433,144$117,951,439
93$224,653,653$44,763,841$27,236,449$128,586,417
94$247,483,531$46,872,474$28,064,074$140,246,186
95$272,639,385$49,081,759$28,916,755$153,032,598
96$300,358,380$51,396,544$29,795,244$167,057,769
97$330,901,872$53,821,911$30,700,322$182,445,123
98$364,557,868$56,363,190$31,632,787$199,330,538
99$401,643,752$59,025,968$32,593,467$217,863,610
100$442,509,276$61,816,102$33,583,210$238,209,045