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%14.7%
1 years$883,596$875,725$868,047$860,552$853,233$836,690
2 years$437,424$429,277$421,382$413,727$406,301$389,702
3 years$288,719$280,537$272,662$265,079$257,774$241,636
4 years$214,381$206,225$198,428$190,974$183,847$168,294
5 years$169,790$161,683$153,988$146,687$139,757$124,834
6 years$140,073$132,026$124,445$117,306$110,585$96,307
7 years$118,854$110,875$103,415$96,444$89,935$76,307
8 years$102,948$95,041$87,704$80,905$74,610$61,627
9 years$90,582$82,750$75,539$68,913$62,833$50,487
10 years$80,696$72,940$65,857$59,403$53,536$41,817
11 years$72,612$64,934$57,979$51,699$46,043$34,935
12 years$65,881$58,281$51,455$45,347$39,900$29,388
13 years$60,189$52,669$45,972$40,034$34,794$24,860
14 years$55,315$47,875$41,306$35,538$30,500$21,127
15 years$51,094$43,735$37,294$31,694$26,854$18,023
16 years$47,405$40,126$33,812$28,378$23,734$15,423
17 years$44,153$36,954$30,768$25,498$21,044$13,234
18 years$41,266$34,147$28,087$22,979$18,712$11,381
19 years$38,685$31,648$25,712$20,763$16,678$9,806
20 years$36,366$29,408$23,597$18,805$14,897$8,463
21 years$34,270$27,393$21,705$17,067$13,331$7,314
22 years$32,367$25,570$20,005$15,518$11,950$6,328
23 years$30,633$23,915$18,471$14,132$10,727$5,481
24 years$29,045$22,407$17,082$12,889$9,641$4,751
25 years$27,586$21,028$15,822$11,771$8,676$4,122
26 years$26,242$19,763$14,674$10,763$7,815$3,578
27 years$25,000$18,599$13,626$9,852$7,046$3,108
28 years$23,848$17,526$12,667$9,026$6,357$2,701
29 years$22,778$16,534$11,788$8,277$5,741$2,348
30 years$21,781$15,614$10,980$7,596$5,187$2,042
31 years$20,850$14,761$10,236$6,977$4,690$1,777
32 years$19,979$13,967$9,551$6,412$4,242$1,546
33 years$19,162$13,227$8,917$5,896$3,839$1,346
34 years$18,395$12,536$8,332$5,425$3,476$1,172
35 years$17,674$11,890$7,790$4,994$3,148$1,020
36 years$16,994$11,285$7,287$4,599$2,852$889
37 years$16,353$10,718$6,821$4,238$2,585$774
38 years$15,746$10,186$6,387$3,906$2,344$674
39 years$15,172$9,686$5,984$3,602$2,125$587
40 years$14,629$9,216$5,609$3,322$1,928$512
41 years$14,113$8,772$5,259$3,065$1,749$446
42 years$13,623$8,355$4,933$2,828$1,587$389
43 years$13,157$7,960$4,629$2,611$1,440$339
44 years$12,713$7,588$4,345$2,411$1,307$295
45 years$12,290$7,236$4,080$2,226$1,187$257
46 years$11,887$6,903$3,832$2,057$1,078$224
47 years$11,503$6,587$3,600$1,900$979$195
48 years$11,135$6,288$3,383$1,756$889$170
49 years$10,783$6,005$3,180$1,623$807$149
50 years$10,447$5,736$2,990$1,500$733$129

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 $5,517 every year, while hoping to spend $47,774 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: 65/29/6 Blend
61$10,700,000$10,700,000$10,700,000$10,700,000
62$11,797,091$11,229,991$11,064,141$12,552,149
63$12,949,563$11,729,429$11,383,958$13,554,095
64$14,217,986$12,251,739$11,712,889$14,642,088
65$15,614,137$12,797,990$12,051,186$15,829,440
66$17,150,991$13,369,304$12,399,114$17,125,803
67$18,842,847$13,966,855$12,756,939$18,541,795
68$20,705,460$14,591,873$13,124,939$20,089,090
69$22,756,189$15,245,648$13,503,397$21,780,535
70$25,014,165$15,929,528$13,892,605$23,630,260
71$27,500,464$16,644,930$14,292,861$25,653,813
72$30,238,314$17,393,334$14,704,475$27,868,300
73$33,253,308$18,176,293$15,127,761$30,292,547
74$36,573,647$18,995,434$15,563,043$32,947,269
75$40,230,410$19,852,460$16,010,655$35,855,266
76$44,257,839$20,749,158$16,470,939$39,041,632
77$48,693,669$21,687,397$16,944,246$42,533,986
78$53,579,482$22,669,139$17,430,938$46,362,733
79$58,961,099$23,696,436$17,931,383$50,561,342
80$64,889,010$24,771,441$18,445,964$55,166,659
81$71,418,856$25,896,408$18,975,070$60,219,247
82$78,611,947$27,073,700$19,519,104$65,763,769
83$86,535,848$28,305,794$20,078,476$71,849,399
84$95,265,009$29,595,282$20,653,609$78,530,282
85$104,881,473$30,944,885$21,244,939$85,866,040
86$115,475,649$32,357,450$21,852,910$93,922,327
87$127,147,164$33,835,963$22,477,980$102,771,441
88$140,005,802$35,383,552$23,120,620$112,493,004
89$154,172,545$37,003,497$23,781,312$123,174,701
90$169,780,709$38,699,233$24,460,550$134,913,105
91$186,977,206$40,474,361$25,158,844$147,814,574
92$205,923,931$42,332,654$25,876,715$161,996,254
93$226,799,285$44,278,068$26,614,698$177,587,172
94$249,799,866$46,314,747$27,373,344$194,729,445
95$275,142,318$48,447,035$28,153,217$213,579,612
96$303,065,381$50,679,486$28,954,896$234,310,105
97$333,832,140$53,016,871$29,778,976$257,110,859
98$367,732,513$55,464,192$30,626,065$282,191,103
99$405,085,982$58,026,691$31,496,792$309,781,316
100$446,244,615$60,709,862$32,391,797$340,135,395