Can I retire at age 62 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$875,338$867,541$859,934$852,509$845,259$815,918
2 years$433,336$425,265$417,444$409,860$402,504$373,247
3 years$286,021$277,916$270,114$262,601$255,365$227,111
4 years$212,378$204,297$196,574$189,189$182,129$155,093
5 years$168,204$160,172$152,549$145,316$138,451$112,706
6 years$138,764$130,792$123,282$116,210$109,552$85,117
7 years$117,743$109,839$102,448$95,543$89,095$65,966
8 years$101,985$94,152$86,884$80,148$73,913$52,071
9 years$89,736$81,977$74,833$68,269$62,245$41,663
10 years$79,942$72,258$65,241$58,848$53,036$33,679
11 years$71,933$64,327$57,438$51,216$45,613$27,442
12 years$65,265$57,737$50,974$44,923$39,527$22,500
13 years$59,627$52,177$45,542$39,660$34,468$18,540
14 years$54,798$47,428$40,920$35,206$30,215$15,339
15 years$50,617$43,326$36,945$31,398$26,603$12,731
16 years$46,962$39,751$33,496$28,113$23,512$10,595
17 years$43,741$36,609$30,480$25,259$20,848$8,837
18 years$40,880$33,828$27,824$22,764$18,537$7,384
19 years$38,324$31,352$25,472$20,569$16,522$6,178
20 years$36,026$29,134$23,377$18,629$14,758$5,176
21 years$33,950$27,137$21,502$16,907$13,207$4,341
22 years$32,065$25,331$19,818$15,373$11,838$3,644
23 years$30,346$23,692$18,298$14,000$10,626$3,061
24 years$28,773$22,198$16,923$12,769$9,551$2,573
25 years$27,328$20,831$15,674$11,661$8,595$2,164
26 years$25,997$19,578$14,537$10,662$7,742$1,820
27 years$24,766$18,425$13,499$9,760$6,980$1,532
28 years$23,625$17,362$12,549$8,942$6,298$1,290
29 years$22,565$16,379$11,678$8,200$5,687$1,086
30 years$21,577$15,468$10,877$7,525$5,139$915
31 years$20,655$14,623$10,141$6,912$4,646$770
32 years$19,792$13,836$9,461$6,352$4,202$649
33 years$18,983$13,103$8,834$5,841$3,803$547
34 years$18,223$12,419$8,254$5,374$3,443$461
35 years$17,509$11,779$7,717$4,947$3,119$388
36 years$16,835$11,180$7,219$4,556$2,826$327
37 years$16,200$10,618$6,757$4,198$2,561$276
38 years$15,599$10,091$6,328$3,869$2,322$233
39 years$15,031$9,596$5,928$3,568$2,106$196
40 years$14,492$9,130$5,556$3,291$1,910$165
41 years$13,981$8,690$5,210$3,036$1,733$139
42 years$13,495$8,277$4,887$2,802$1,572$117
43 years$13,034$7,886$4,586$2,587$1,427$99
44 years$12,594$7,517$4,305$2,388$1,295$83
45 years$12,176$7,168$4,042$2,206$1,176$70
46 years$11,776$6,838$3,796$2,037$1,068$59
47 years$11,395$6,526$3,567$1,882$969$50
48 years$11,031$6,230$3,352$1,739$880$42
49 years$10,683$5,949$3,150$1,607$800$36
50 years$10,349$5,683$2,962$1,486$726$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,600,000, adding $5,270 every year, while hoping to spend $58,530 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: 63/7/30 Blend
61$10,600,000$10,600,000$10,600,000$10,600,000
62$11,686,636$11,124,836$10,960,536$12,328,352
63$12,816,397$11,607,678$11,265,438$13,247,954
64$14,059,433$12,112,217$11,578,594$14,245,239
65$15,427,234$12,639,455$11,900,216$15,333,440
66$16,932,464$13,190,440$12,230,525$16,521,494
67$18,589,075$13,766,271$12,569,747$17,819,239
68$20,412,439$14,368,097$12,918,112$19,237,503
69$22,419,496$14,997,121$13,275,856$20,788,208
70$24,628,909$15,654,605$13,643,222$22,484,480
71$27,061,245$16,341,868$14,020,458$24,340,771
72$29,739,166$17,060,293$14,407,817$26,372,994
73$32,687,641$17,811,327$14,805,559$28,598,672
74$35,934,185$18,596,487$15,213,950$31,037,102
75$39,509,118$19,417,361$15,633,263$33,709,535
76$43,445,848$20,275,612$16,063,777$36,639,372
77$47,781,188$21,172,981$16,505,778$39,852,390
78$52,555,705$22,111,292$16,959,557$43,376,976
79$57,814,099$23,092,458$17,425,414$47,244,397
80$63,605,627$24,118,478$17,903,656$51,489,093
81$69,984,567$25,191,450$18,394,594$56,148,999
82$77,010,731$26,313,569$18,898,551$61,265,899
83$84,750,028$27,487,136$19,415,855$66,885,823
84$93,275,085$28,714,560$19,946,840$73,059,474
85$102,665,935$29,998,365$20,491,851$79,842,709
86$113,010,771$31,341,195$21,051,239$87,297,058
87$124,406,777$32,745,821$21,625,362$95,490,309
88$136,961,046$34,215,144$22,214,590$104,497,140
89$150,791,591$35,752,204$22,819,297$114,399,821
90$166,028,458$37,360,187$23,439,868$125,288,992
91$182,814,954$39,042,429$24,076,696$137,264,512
92$201,308,997$40,802,426$24,730,183$150,436,400
93$221,684,610$42,643,840$25,400,740$164,925,869
94$244,133,562$44,570,510$26,088,787$180,866,470
95$268,867,176$46,586,456$26,794,752$198,405,343
96$296,118,327$48,695,891$27,519,075$217,704,611
97$326,143,636$50,903,230$28,262,204$238,942,898
98$359,225,896$53,213,097$29,024,597$262,317,019
99$395,676,738$55,630,339$29,806,721$288,043,828
100$435,839,574$58,160,035$30,609,055$316,362,264