Can I retire at age 62 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$867,080$859,357$851,821$844,466$837,285$827,165
2 years$429,248$421,253$413,506$405,993$398,707$388,523
3 years$283,323$275,294$267,565$260,124$252,956$243,024
4 years$210,374$202,370$194,719$187,405$180,410$170,806
5 years$166,617$158,661$151,110$143,945$137,145$127,897
6 years$137,455$129,558$122,119$115,114$108,518$99,638
7 years$116,633$108,803$101,482$94,641$88,254$79,745
8 years$101,023$93,264$86,065$79,392$73,216$65,076
9 years$88,889$81,203$74,127$67,625$61,658$53,886
10 years$79,187$71,577$64,626$58,293$52,536$45,125
11 years$71,255$63,720$56,896$50,732$45,183$38,127
12 years$64,649$57,192$50,493$44,499$39,154$32,446
13 years$59,064$51,685$45,113$39,286$34,143$27,773
14 years$54,281$46,980$40,534$34,874$29,930$23,890
15 years$50,139$42,917$36,597$31,101$26,353$20,632
16 years$46,519$39,376$33,180$27,848$23,290$17,880
17 years$43,328$36,264$30,193$25,021$20,651$15,539
18 years$40,494$33,509$27,562$22,549$18,362$13,538
19 years$37,962$31,056$25,232$20,375$16,366$11,820
20 years$35,686$28,859$23,156$18,453$14,619$10,339
21 years$33,630$26,881$21,299$16,748$13,082$9,057
22 years$31,762$25,092$19,631$15,227$11,726$7,945
23 years$30,060$23,468$18,125$13,868$10,526$6,978
24 years$28,502$21,988$16,763$12,648$9,461$6,135
25 years$27,071$20,635$15,526$11,551$8,514$5,398
26 years$25,752$19,393$14,399$10,562$7,669$4,754
27 years$24,532$18,251$13,371$9,668$6,914$4,190
28 years$23,402$17,198$12,430$8,858$6,239$3,694
29 years$22,352$16,225$11,567$8,123$5,633$3,259
30 years$21,373$15,322$10,775$7,454$5,090$2,877
31 years$20,460$14,485$10,045$6,846$4,602$2,540
32 years$19,605$13,706$9,372$6,292$4,163$2,244
33 years$18,804$12,979$8,751$5,786$3,767$1,983
34 years$18,051$12,301$8,176$5,324$3,411$1,753
35 years$17,344$11,668$7,644$4,901$3,089$1,549
36 years$16,676$11,074$7,151$4,513$2,799$1,370
37 years$16,047$10,518$6,693$4,158$2,537$1,212
38 years$15,452$9,996$6,268$3,833$2,300$1,072
39 years$14,889$9,505$5,872$3,534$2,086$948
40 years$14,355$9,043$5,504$3,260$1,892$839
41 years$13,849$8,608$5,161$3,008$1,716$743
42 years$13,368$8,198$4,841$2,776$1,557$657
43 years$12,911$7,811$4,543$2,562$1,413$582
44 years$12,475$7,446$4,264$2,366$1,283$515
45 years$12,061$7,100$4,004$2,185$1,165$456
46 years$11,665$6,773$3,761$2,018$1,057$404
47 years$11,288$6,464$3,533$1,865$960$357
48 years$10,927$6,171$3,320$1,723$872$316
49 years$10,582$5,893$3,121$1,592$792$280
50 years$10,252$5,629$2,934$1,472$719$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,500,000, adding $3,562 every year, while hoping to spend $40,105 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: 60/11/29 Blend
61$10,500,000$10,500,000$10,500,000$10,500,000
62$11,574,674$11,018,174$10,855,424$12,177,815
63$12,712,620$11,515,393$11,176,410$13,087,339
64$13,965,291$12,035,632$11,506,804$14,074,762
65$15,344,349$12,579,976$11,846,880$15,151,439
66$16,862,640$13,149,563$12,196,918$16,326,078
67$18,534,322$13,745,584$12,557,207$17,608,266
68$20,374,994$14,369,288$12,928,044$19,008,549
69$22,401,844$15,021,985$13,309,735$20,538,536
70$24,633,815$15,705,044$13,702,594$22,211,002
71$27,091,776$16,419,903$14,106,943$24,040,010
72$29,798,727$17,168,068$14,523,115$26,041,041
73$32,780,009$17,951,116$14,951,452$28,231,136
74$36,063,550$18,770,700$15,392,305$30,629,055
75$39,680,121$19,628,554$15,846,036$33,255,454
76$43,663,632$20,526,492$16,313,017$36,133,074
77$48,051,450$21,466,417$16,793,630$39,286,958
78$52,884,750$22,450,323$17,288,269$42,744,678
79$58,208,906$23,480,301$17,797,338$46,536,598
80$64,073,919$24,558,540$18,321,253$50,696,156
81$70,534,885$25,687,335$18,860,442$55,260,175
82$77,652,521$26,869,092$19,415,344$60,269,211
83$85,493,733$28,106,332$19,986,413$65,767,928
84$94,132,249$29,401,698$20,574,113$71,805,520
85$103,649,316$30,757,958$21,178,923$78,436,171
86$114,134,464$32,178,016$21,801,334$85,719,560
87$125,686,354$33,664,914$22,441,854$93,721,426
88$138,413,707$35,221,840$23,101,001$102,514,178
89$152,436,332$36,852,136$23,779,311$112,177,580
90$167,886,254$38,559,307$24,477,334$122,799,496
91$184,908,962$40,347,024$25,195,636$134,476,718
92$203,664,784$42,219,135$25,934,797$147,315,873
93$224,330,395$44,179,676$26,695,416$161,434,423
94$247,100,491$46,232,875$27,478,107$176,961,773
95$272,189,620$48,383,166$28,283,503$194,040,485
96$299,834,215$50,635,194$29,112,254$212,827,618
97$330,294,817$52,993,832$29,965,027$233,496,206
98$363,858,543$55,464,184$30,842,510$256,236,885
99$400,841,789$58,051,603$31,745,409$281,259,685
100$441,593,221$60,761,701$32,674,449$308,796,010