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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$867,080$859,357$851,821$844,466$837,285$829,923
2 years$429,248$421,253$413,506$405,993$398,707$391,288
3 years$283,323$275,294$267,565$260,124$252,956$245,711
4 years$210,374$202,370$194,719$187,405$180,410$173,394
5 years$166,617$158,661$151,110$143,945$137,145$130,379
6 years$137,455$129,558$122,119$115,114$108,518$102,010
7 years$116,633$108,803$101,482$94,641$88,254$82,007
8 years$101,023$93,264$86,065$79,392$73,216$67,229
9 years$88,889$81,203$74,127$67,625$61,658$55,931
10 years$79,187$71,577$64,626$58,293$52,536$47,064
11 years$71,255$63,720$56,896$50,732$45,183$39,963
12 years$64,649$57,192$50,493$44,499$39,154$34,181
13 years$59,064$51,685$45,113$39,286$34,143$29,411
14 years$54,281$46,980$40,534$34,874$29,930$25,432
15 years$50,139$42,917$36,597$31,101$26,353$22,083
16 years$46,519$39,376$33,180$27,848$23,290$19,243
17 years$43,328$36,264$30,193$25,021$20,651$16,818
18 years$40,494$33,509$27,562$22,549$18,362$14,736
19 years$37,962$31,056$25,232$20,375$16,366$12,941
20 years$35,686$28,859$23,156$18,453$14,619$11,386
21 years$33,630$26,881$21,299$16,748$13,082$10,034
22 years$31,762$25,092$19,631$15,227$11,726$8,855
23 years$30,060$23,468$18,125$13,868$10,526$7,825
24 years$28,502$21,988$16,763$12,648$9,461$6,922
25 years$27,071$20,635$15,526$11,551$8,514$6,129
26 years$25,752$19,393$14,399$10,562$7,669$5,432
27 years$24,532$18,251$13,371$9,668$6,914$4,818
28 years$23,402$17,198$12,430$8,858$6,239$4,275
29 years$22,352$16,225$11,567$8,123$5,633$3,796
30 years$21,373$15,322$10,775$7,454$5,090$3,373
31 years$20,460$14,485$10,045$6,846$4,602$2,998
32 years$19,605$13,706$9,372$6,292$4,163$2,666
33 years$18,804$12,979$8,751$5,786$3,767$2,371
34 years$18,051$12,301$8,176$5,324$3,411$2,110
35 years$17,344$11,668$7,644$4,901$3,089$1,878
36 years$16,676$11,074$7,151$4,513$2,799$1,672
37 years$16,047$10,518$6,693$4,158$2,537$1,489
38 years$15,452$9,996$6,268$3,833$2,300$1,326
39 years$14,889$9,505$5,872$3,534$2,086$1,181
40 years$14,355$9,043$5,504$3,260$1,892$1,052
41 years$13,849$8,608$5,161$3,008$1,716$938
42 years$13,368$8,198$4,841$2,776$1,557$836
43 years$12,911$7,811$4,543$2,562$1,413$745
44 years$12,475$7,446$4,264$2,366$1,283$664
45 years$12,061$7,100$4,004$2,185$1,165$592
46 years$11,665$6,773$3,761$2,018$1,057$528
47 years$11,288$6,464$3,533$1,865$960$470
48 years$10,927$6,171$3,320$1,723$872$419
49 years$10,582$5,893$3,121$1,592$792$374
50 years$10,252$5,629$2,934$1,472$719$333

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 $2,986 every year, while hoping to spend $34,961 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: 42/32/26 Blend
61$10,500,000$10,500,000$10,500,000$10,500,000
62$11,574,080$11,017,580$10,854,830$11,971,923
63$12,717,438$11,520,243$11,181,269$12,760,274
64$13,976,247$12,046,365$11,517,471$13,609,929
65$15,362,245$12,597,058$11,863,728$14,529,405
66$16,888,369$13,173,489$12,220,337$15,525,161
67$18,568,871$13,776,879$12,587,607$16,604,286
68$20,419,458$14,408,508$12,965,854$17,774,565
69$22,457,437$15,069,718$13,355,404$19,044,546
70$24,701,878$15,761,917$13,756,593$20,423,619
71$27,173,796$16,486,578$14,169,765$21,922,097
72$29,896,348$17,245,245$14,595,277$23,551,312
73$32,895,051$18,039,538$15,033,495$25,323,718
74$36,198,025$18,871,153$15,484,795$27,252,999
75$39,836,253$19,741,870$15,949,565$29,354,198
76$43,843,881$20,653,551$16,428,206$31,643,852
77$48,258,533$21,608,151$16,921,127$34,140,140
78$53,121,670$22,607,718$17,428,752$36,863,055
79$58,478,982$23,654,398$17,951,517$39,834,580
80$64,380,815$24,750,440$18,489,870$43,078,894
81$70,882,650$25,898,204$19,044,272$46,622,592
82$78,045,625$27,100,160$19,615,199$50,494,927
83$85,937,110$28,358,899$20,203,140$54,728,083
84$94,631,348$29,677,138$20,808,598$59,357,470
85$104,210,151$31,057,723$21,432,092$64,422,048
86$114,763,674$32,503,639$22,074,154$69,964,690
87$126,391,265$34,018,013$22,735,334$76,032,576
88$139,202,403$35,604,125$23,416,197$82,677,630
89$153,317,734$37,265,413$24,117,325$89,957,001
90$168,870,203$39,005,479$24,839,316$97,933,594
91$186,006,318$40,828,101$25,582,787$106,676,651
92$204,887,523$42,737,239$26,348,372$116,262,396
93$225,691,732$44,737,045$27,136,723$126,774,742
94$248,614,998$46,831,870$27,948,513$138,306,074
95$273,873,373$49,026,277$28,784,434$150,958,105
96$301,704,941$51,325,049$29,645,196$164,842,827
97$332,372,069$53,733,199$30,531,534$180,083,556
98$366,163,880$56,255,986$31,444,200$196,816,075
99$403,398,986$58,898,920$32,383,971$215,189,911
100$444,428,494$61,667,779$33,351,646$235,369,724