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%16.8%
1 years$858,822$851,172$843,709$836,424$829,311$806,320
2 years$425,160$417,241$409,567$402,127$394,910$371,919
3 years$280,624$272,672$265,017$257,647$250,547$228,275
4 years$208,371$200,443$192,865$185,620$178,692$157,311
5 years$165,030$157,149$149,671$142,574$135,839$115,407
6 years$136,145$128,324$120,956$114,017$107,485$88,021
7 years$115,522$107,767$100,515$93,740$87,414$68,919
8 years$100,061$92,376$85,245$78,636$72,518$54,983
9 years$88,043$80,430$73,421$66,981$61,071$44,478
10 years$78,433$70,895$64,010$57,738$52,035$36,363
11 years$70,576$63,114$56,354$50,249$44,752$29,975
12 years$64,033$56,647$50,013$44,075$38,781$24,872
13 years$58,502$51,193$44,683$38,912$33,818$20,747
14 years$53,764$46,533$40,148$34,542$29,645$17,380
15 years$49,662$42,508$36,248$30,805$26,102$14,610
16 years$46,076$39,001$32,864$27,583$23,069$12,318
17 years$42,915$35,918$29,905$24,783$20,454$10,410
18 years$40,109$33,190$27,299$22,334$18,187$8,815
19 years$37,601$30,760$24,991$20,181$16,210$7,477
20 years$35,346$28,584$22,936$18,278$14,479$6,351
21 years$33,309$26,625$21,097$16,588$12,957$5,401
22 years$31,460$24,853$19,444$15,082$11,615$4,598
23 years$29,774$23,245$17,953$13,736$10,426$3,918
24 years$28,230$21,779$16,603$12,528$9,371$3,340
25 years$26,813$20,438$15,378$11,441$8,432$2,850
26 years$25,506$19,209$14,262$10,461$7,596$2,432
27 years$24,299$18,078$13,244$9,575$6,848$2,077
28 years$23,179$17,034$12,312$8,773$6,179$1,774
29 years$22,139$16,070$11,457$8,045$5,580$1,516
30 years$21,170$15,176$10,672$7,383$5,042$1,296
31 years$20,265$14,347$9,949$6,781$4,558$1,108
32 years$19,418$13,575$9,283$6,232$4,123$948
33 years$18,625$12,856$8,667$5,731$3,731$811
34 years$17,880$12,184$8,098$5,273$3,378$693
35 years$17,178$11,557$7,571$4,854$3,060$593
36 years$16,518$10,969$7,083$4,470$2,772$508
37 years$15,894$10,418$6,629$4,119$2,513$434
38 years$15,305$9,901$6,208$3,796$2,278$372
39 years$14,747$9,415$5,816$3,501$2,066$318
40 years$14,218$8,957$5,452$3,229$1,874$272
41 years$13,717$8,527$5,112$2,979$1,700$233
42 years$13,241$8,120$4,795$2,749$1,543$199
43 years$12,788$7,737$4,500$2,538$1,400$171
44 years$12,357$7,375$4,224$2,343$1,271$146
45 years$11,946$7,033$3,966$2,164$1,154$125
46 years$11,554$6,709$3,725$1,999$1,047$107
47 years$11,180$6,402$3,499$1,847$951$92
48 years$10,823$6,112$3,288$1,707$864$78
49 years$10,481$5,837$3,091$1,577$784$67
50 years$10,154$5,575$2,906$1,458$713$58

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 $6,898 every year, while hoping to spend $43,692 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: 50/20/30 Blend
61$10,400,000$10,400,000$10,400,000$10,400,000
62$11,467,915$10,916,715$10,755,515$11,943,392
63$12,591,155$11,405,146$11,069,337$12,765,868
64$13,827,500$11,916,046$11,392,208$13,654,490
65$15,188,442$12,450,470$11,724,384$14,619,590
66$16,686,643$13,009,522$12,066,130$15,668,456
67$18,336,052$13,594,360$12,417,717$16,809,103
68$20,152,044$14,206,198$12,779,425$18,050,343
69$22,151,556$14,846,306$13,151,540$19,401,865
70$24,353,255$15,516,015$13,534,356$20,874,323
71$26,777,708$16,216,721$13,928,178$22,479,438
72$29,447,578$16,949,884$14,333,316$24,230,100
73$32,387,840$17,717,037$14,750,091$26,140,491
74$35,626,011$18,519,783$15,178,830$28,226,211
75$39,192,415$19,359,804$15,619,873$30,504,428
76$43,120,469$20,238,862$16,073,565$32,994,030
77$47,446,992$21,158,801$16,540,265$35,715,803
78$52,212,560$22,121,558$17,020,339$38,692,624
79$57,461,885$23,129,157$17,514,164$41,949,672
80$63,244,235$24,183,724$18,022,126$45,514,659
81$69,613,904$25,287,483$18,544,624$49,418,092
82$76,630,719$26,442,767$19,082,067$53,693,551
83$84,360,611$27,652,021$19,634,874$58,378,008
84$92,876,228$28,917,805$20,203,477$63,512,163
85$102,257,630$30,242,804$20,788,320$69,140,829
86$112,593,037$31,629,830$21,389,858$75,313,349
87$123,979,668$33,081,833$22,008,559$82,084,052
88$136,524,652$34,601,901$22,644,904$89,512,766
89$150,346,045$36,193,272$23,299,386$97,665,371
90$165,573,940$37,859,341$23,972,515$106,614,418
91$182,351,697$39,603,665$24,664,809$116,439,807
92$200,837,296$41,429,970$25,376,806$127,229,533
93$221,204,827$43,342,165$26,109,055$139,080,510
94$243,646,132$45,344,344$26,862,122$152,099,478
95$268,372,621$47,440,800$27,636,586$166,404,003
96$295,617,261$49,636,032$28,433,044$182,123,581
97$325,636,779$51,934,755$29,252,109$199,400,847
98$358,714,084$54,341,912$30,094,409$218,392,917
99$395,160,939$56,862,683$30,960,589$239,272,859
100$435,320,901$59,502,501$31,851,315$262,231,317