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%11.2%
1 years$883,596$875,725$868,047$860,552$853,233$848,924
2 years$437,424$429,277$421,382$413,727$406,301$401,953
3 years$288,719$280,537$272,662$265,079$257,774$253,520
4 years$214,381$206,225$198,428$190,974$183,847$179,720
5 years$169,790$161,683$153,988$146,687$139,757$135,771
6 years$140,073$132,026$124,445$117,306$110,585$106,744
7 years$118,854$110,875$103,415$96,444$89,935$86,241
8 years$102,948$95,041$87,704$80,905$74,610$71,063
9 years$90,582$82,750$75,539$68,913$62,833$59,431
10 years$80,696$72,940$65,857$59,403$53,536$50,280
11 years$72,612$64,934$57,979$51,699$46,043$42,929
12 years$65,881$58,281$51,455$45,347$39,900$36,926
13 years$60,189$52,669$45,972$40,034$34,794$31,957
14 years$55,315$47,875$41,306$35,538$30,500$27,797
15 years$51,094$43,735$37,294$31,694$26,854$24,283
16 years$47,405$40,126$33,812$28,378$23,734$21,289
17 years$44,153$36,954$30,768$25,498$21,044$18,723
18 years$41,266$34,147$28,087$22,979$18,712$16,510
19 years$38,685$31,648$25,712$20,763$16,678$14,592
20 years$36,366$29,408$23,597$18,805$14,897$12,922
21 years$34,270$27,393$21,705$17,067$13,331$11,464
22 years$32,367$25,570$20,005$15,518$11,950$10,185
23 years$30,633$23,915$18,471$14,132$10,727$9,062
24 years$29,045$22,407$17,082$12,889$9,641$8,072
25 years$27,586$21,028$15,822$11,771$8,676$7,197
26 years$26,242$19,763$14,674$10,763$7,815$6,423
27 years$25,000$18,599$13,626$9,852$7,046$5,737
28 years$23,848$17,526$12,667$9,026$6,357$5,128
29 years$22,778$16,534$11,788$8,277$5,741$4,587
30 years$21,781$15,614$10,980$7,596$5,187$4,105
31 years$20,850$14,761$10,236$6,977$4,690$3,675
32 years$19,979$13,967$9,551$6,412$4,242$3,292
33 years$19,162$13,227$8,917$5,896$3,839$2,951
34 years$18,395$12,536$8,332$5,425$3,476$2,645
35 years$17,674$11,890$7,790$4,994$3,148$2,372
36 years$16,994$11,285$7,287$4,599$2,852$2,128
37 years$16,353$10,718$6,821$4,238$2,585$1,909
38 years$15,746$10,186$6,387$3,906$2,344$1,713
39 years$15,172$9,686$5,984$3,602$2,125$1,538
40 years$14,629$9,216$5,609$3,322$1,928$1,381
41 years$14,113$8,772$5,259$3,065$1,749$1,240
42 years$13,623$8,355$4,933$2,828$1,587$1,114
43 years$13,157$7,960$4,629$2,611$1,440$1,000
44 years$12,713$7,588$4,345$2,411$1,307$899
45 years$12,290$7,236$4,080$2,226$1,187$807
46 years$11,887$6,903$3,832$2,057$1,078$725
47 years$11,503$6,587$3,600$1,900$979$652
48 years$11,135$6,288$3,383$1,756$889$586
49 years$10,783$6,005$3,180$1,623$807$526
50 years$10,447$5,736$2,990$1,500$733$473

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 $2,325 every year, while hoping to spend $31,122 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: 49/44/7 Blend
61$10,700,000$10,700,000$10,700,000$10,700,000
62$11,793,798$11,226,698$11,060,848$12,350,230
63$12,963,652$11,743,693$11,398,273$13,247,586
64$14,251,788$12,284,977$11,745,959$14,218,220
65$15,670,238$12,851,708$12,104,216$15,271,732
66$17,232,260$13,445,100$12,473,364$16,415,867
67$18,952,463$14,066,423$12,853,735$17,659,122
68$20,846,946$14,717,009$13,245,667$19,010,831
69$22,933,448$15,398,257$13,649,511$20,481,244
70$25,231,518$16,111,629$14,065,627$22,081,616
71$27,762,694$16,858,660$14,494,387$23,824,315
72$30,550,714$17,640,959$14,936,174$25,722,927
73$33,621,732$18,460,212$15,391,381$27,792,384
74$37,004,572$19,318,186$15,860,416$30,049,094
75$40,730,995$20,216,733$16,343,696$32,511,092
76$44,835,999$21,157,796$16,841,653$35,198,206
77$49,358,153$22,143,410$17,354,730$38,132,232
78$54,339,956$23,175,708$17,883,385$41,337,139
79$59,828,242$24,256,929$18,428,089$44,839,281
80$65,874,621$25,389,416$18,989,328$48,667,644
81$72,535,962$26,575,627$19,567,600$52,854,109
82$79,874,937$27,818,140$20,163,422$57,433,743
83$87,960,608$29,119,656$20,777,324$62,445,122
84$96,869,077$30,483,006$21,409,851$67,930,689
85$106,684,210$31,911,161$22,061,568$73,937,140
86$117,498,423$33,407,230$22,733,054$80,515,855
87$129,413,556$34,974,479$23,424,906$87,723,378
88$142,541,838$36,616,327$24,137,739$95,621,931
89$157,006,939$38,336,361$24,872,187$104,279,996
90$172,945,144$40,138,340$25,628,903$113,772,947
91$190,506,637$42,026,207$26,408,559$124,183,747
92$209,856,916$44,004,093$27,211,847$135,603,722
93$231,178,359$46,076,332$28,039,482$148,133,402
94$254,671,945$48,247,465$28,892,198$161,883,462
95$280,559,148$50,522,256$29,770,752$176,975,747
96$309,084,032$52,905,697$30,675,923$193,544,408
97$340,515,552$55,403,025$31,608,514$211,737,149
98$375,150,092$58,019,727$32,569,354$231,716,606
99$413,314,268$60,761,560$33,559,293$253,661,863
100$455,368,003$63,634,556$34,579,209$277,770,120