Can I retire at age 62 with 10,700,000?

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 $10,700,000?

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$883,596$875,725$868,047$860,552$853,233$845,731
2 years$437,424$429,277$421,382$413,727$406,301$398,742
3 years$288,719$280,537$272,662$265,079$257,774$250,391
4 years$214,381$206,225$198,428$190,974$183,847$176,697
5 years$169,790$161,683$153,988$146,687$139,757$132,862
6 years$140,073$132,026$124,445$117,306$110,585$103,953
7 years$118,854$110,875$103,415$96,444$89,935$83,569
8 years$102,948$95,041$87,704$80,905$74,610$68,510
9 years$90,582$82,750$75,539$68,913$62,833$56,996
10 years$80,696$72,940$65,857$59,403$53,536$47,961
11 years$72,612$64,934$57,979$51,699$46,043$40,724
12 years$65,881$58,281$51,455$45,347$39,900$34,832
13 years$60,189$52,669$45,972$40,034$34,794$29,971
14 years$55,315$47,875$41,306$35,538$30,500$25,917
15 years$51,094$43,735$37,294$31,694$26,854$22,504
16 years$47,405$40,126$33,812$28,378$23,734$19,610
17 years$44,153$36,954$30,768$25,498$21,044$17,138
18 years$41,266$34,147$28,087$22,979$18,712$15,017
19 years$38,685$31,648$25,712$20,763$16,678$13,187
20 years$36,366$29,408$23,597$18,805$14,897$11,602
21 years$34,270$27,393$21,705$17,067$13,331$10,225
22 years$32,367$25,570$20,005$15,518$11,950$9,024
23 years$30,633$23,915$18,471$14,132$10,727$7,974
24 years$29,045$22,407$17,082$12,889$9,641$7,054
25 years$27,586$21,028$15,822$11,771$8,676$6,246
26 years$26,242$19,763$14,674$10,763$7,815$5,535
27 years$25,000$18,599$13,626$9,852$7,046$4,909
28 years$23,848$17,526$12,667$9,026$6,357$4,357
29 years$22,778$16,534$11,788$8,277$5,741$3,869
30 years$21,781$15,614$10,980$7,596$5,187$3,437
31 years$20,850$14,761$10,236$6,977$4,690$3,055
32 years$19,979$13,967$9,551$6,412$4,242$2,717
33 years$19,162$13,227$8,917$5,896$3,839$2,416
34 years$18,395$12,536$8,332$5,425$3,476$2,150
35 years$17,674$11,890$7,790$4,994$3,148$1,914
36 years$16,994$11,285$7,287$4,599$2,852$1,704
37 years$16,353$10,718$6,821$4,238$2,585$1,517
38 years$15,746$10,186$6,387$3,906$2,344$1,351
39 years$15,172$9,686$5,984$3,602$2,125$1,204
40 years$14,629$9,216$5,609$3,322$1,928$1,072
41 years$14,113$8,772$5,259$3,065$1,749$955
42 years$13,623$8,355$4,933$2,828$1,587$851
43 years$13,157$7,960$4,629$2,611$1,440$759
44 years$12,713$7,588$4,345$2,411$1,307$676
45 years$12,290$7,236$4,080$2,226$1,187$603
46 years$11,887$6,903$3,832$2,057$1,078$538
47 years$11,503$6,587$3,600$1,900$979$479
48 years$11,135$6,288$3,383$1,756$889$427
49 years$10,783$6,005$3,180$1,623$807$381
50 years$10,447$5,736$2,990$1,500$733$340

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,700,000, adding $4,336 every year, while hoping to spend $58,624 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: 72/10/18 Blend
61$10,700,000$10,700,000$10,700,000$10,700,000
62$11,795,873$11,228,773$11,062,923$12,594,874
63$12,936,676$11,716,607$11,371,155$13,614,187
64$14,191,877$12,226,380$11,687,748$14,722,650
65$15,573,081$12,759,106$12,012,921$15,935,099
66$17,093,078$13,315,845$12,346,896$17,261,833
67$18,765,958$13,897,707$12,689,903$18,714,191
68$20,607,247$14,505,856$13,042,177$20,304,660
69$22,634,054$15,141,510$13,403,957$22,046,985
70$24,865,228$15,805,945$13,775,490$23,956,303
71$27,321,540$16,500,496$14,157,028$26,049,281
72$30,025,878$17,226,561$14,548,830$28,344,275
73$33,003,462$17,985,606$14,951,159$30,861,497
74$36,282,079$18,779,166$15,364,288$33,623,208
75$39,892,352$19,608,846$15,788,492$36,653,925
76$43,868,022$20,476,329$16,224,057$39,980,648
77$48,246,270$21,383,379$16,671,272$43,633,118
78$53,068,066$22,331,841$17,130,436$47,644,091
79$58,378,557$23,323,649$17,601,853$52,049,649
80$64,227,490$24,360,828$18,085,836$56,889,535
81$70,669,685$25,445,500$18,582,703$62,207,525
82$77,765,551$26,579,887$19,092,781$68,051,846
83$85,581,653$27,766,318$19,616,406$74,475,619
84$94,191,344$29,007,230$20,153,917$81,537,366
85$103,675,455$30,305,178$20,705,668$89,301,553
86$114,123,058$31,662,838$21,272,014$97,839,203
87$125,632,307$33,083,014$21,853,323$107,228,557
88$138,311,363$34,568,642$22,449,970$117,555,813
89$152,279,416$36,122,800$23,062,338$128,915,935
90$167,667,810$37,748,711$23,690,820$141,413,548
91$184,621,281$39,449,752$24,335,817$155,163,921
92$203,299,323$41,229,462$24,997,739$170,294,051
93$223,877,697$43,091,547$25,677,005$186,943,860
94$246,550,082$45,039,893$26,374,045$205,267,509
95$271,529,911$47,078,569$27,089,297$225,434,854
96$299,052,383$49,211,840$27,823,209$247,633,041
97$329,376,678$51,444,172$28,576,239$272,068,269
98$362,788,412$53,780,250$29,348,856$298,967,736
99$399,602,325$56,224,977$30,141,537$328,581,772
100$440,165,257$58,783,495$30,954,773$361,186,206