Can I retire at age 62 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$891,854$883,910$876,159$868,594$861,207$853,279
2 years$441,512$433,289$425,320$417,593$410,099$402,111
3 years$291,417$283,159$275,210$267,556$260,183$252,383
4 years$216,385$208,152$200,283$192,759$185,565$178,013
5 years$171,377$163,194$155,427$148,057$141,064$133,782
6 years$141,382$133,260$125,608$118,403$111,619$104,616
7 years$119,965$111,911$104,381$97,345$90,776$84,056
8 years$103,910$95,929$88,524$81,661$75,307$68,869
9 years$91,429$83,523$76,245$69,557$63,420$57,262
10 years$81,450$73,622$66,472$59,959$54,037$48,155
11 years$73,291$65,541$58,521$52,182$46,473$40,864
12 years$66,496$58,826$51,936$45,771$40,273$34,930
13 years$60,752$53,162$46,401$40,409$35,119$30,036
14 years$55,832$48,322$41,692$35,870$30,785$25,955
15 years$51,572$44,143$37,642$31,990$27,105$22,523
16 years$47,848$40,501$34,128$28,644$23,956$19,612
17 years$44,566$37,300$31,055$25,736$21,241$17,129
18 years$41,651$34,467$28,349$23,193$18,886$14,998
19 years$39,047$31,943$25,953$20,957$16,834$13,161
20 years$36,706$29,683$23,818$18,981$15,036$11,571
21 years$34,590$27,649$21,908$17,226$13,456$10,190
22 years$32,670$25,809$20,192$15,663$12,061$8,986
23 years$30,919$24,139$18,643$14,264$10,827$7,934
24 years$29,316$22,616$17,242$13,010$9,731$7,014
25 years$27,844$21,224$15,970$11,881$8,757$6,205
26 years$26,487$19,948$14,811$10,864$7,888$5,495
27 years$25,233$18,773$13,753$9,944$7,112$4,870
28 years$24,071$17,690$12,785$9,111$6,417$4,318
29 years$22,991$16,688$11,898$8,355$5,794$3,831
30 years$21,984$15,760$11,082$7,667$5,235$3,401
31 years$21,044$14,899$10,332$7,042$4,733$3,021
32 years$20,165$14,097$9,640$6,472$4,282$2,684
33 years$19,341$13,350$9,001$5,951$3,875$2,385
34 years$18,567$12,653$8,410$5,476$3,508$2,121
35 years$17,839$12,001$7,863$5,041$3,178$1,886
36 years$17,153$11,391$7,355$4,642$2,879$1,677
37 years$16,505$10,819$6,884$4,277$2,609$1,492
38 years$15,893$10,282$6,447$3,942$2,366$1,328
39 years$15,314$9,777$6,040$3,635$2,145$1,182
40 years$14,765$9,302$5,661$3,353$1,946$1,052
41 years$14,245$8,854$5,309$3,093$1,765$937
42 years$13,750$8,433$4,980$2,855$1,602$834
43 years$13,280$8,035$4,673$2,635$1,454$743
44 years$12,832$7,659$4,386$2,433$1,320$661
45 years$12,405$7,303$4,118$2,247$1,198$589
46 years$11,998$6,967$3,868$2,076$1,088$525
47 years$11,610$6,649$3,634$1,918$988$467
48 years$11,239$6,347$3,415$1,772$897$416
49 years$10,884$6,061$3,210$1,638$815$371
50 years$10,545$5,790$3,018$1,514$740$331

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,800,000, adding $6,377 every year, while hoping to spend $47,247 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: 56/23/21 Blend
61$10,800,000$10,800,000$10,800,000$10,800,000
62$11,908,178$11,335,778$11,168,378$12,507,191
63$13,072,542$11,840,961$11,492,248$13,422,207
64$14,354,087$12,369,314$11,825,384$14,412,972
65$15,764,716$12,921,923$12,168,047$15,491,321
66$17,317,545$13,499,925$12,520,505$16,665,679
67$19,027,025$14,104,511$12,883,032$17,945,314
68$20,909,078$14,736,929$13,255,910$19,340,414
69$22,981,252$15,398,487$13,639,431$20,862,185
70$25,262,881$16,090,553$14,033,893$22,522,954
71$27,775,268$16,814,563$14,439,602$24,336,281
72$30,541,889$17,572,021$14,856,872$26,317,086
73$33,588,612$18,364,500$15,286,028$28,481,781
74$36,943,942$19,193,652$15,727,401$30,848,427
75$40,639,287$20,061,204$16,181,332$33,436,900
76$44,709,261$20,968,970$16,648,173$36,269,073
77$49,192,002$21,918,846$17,128,283$39,369,018
78$54,129,538$22,912,821$17,622,033$42,763,232
79$59,568,181$23,952,980$18,129,801$46,480,881
80$65,558,965$25,041,505$18,651,979$50,554,069
81$72,158,126$26,180,685$19,188,967$55,018,140
82$79,427,634$27,372,918$19,741,176$59,912,007
83$87,435,777$28,620,716$20,309,030$65,278,508
84$96,257,807$29,926,711$20,892,963$71,164,812
85$105,976,646$31,293,662$21,493,420$77,622,856
86$116,683,674$32,724,462$22,110,860$84,709,828
87$128,479,587$34,222,139$22,745,752$92,488,704
88$141,475,350$35,789,869$23,398,580$101,028,833
89$155,793,242$37,430,979$24,069,839$110,406,588
90$171,568,013$39,148,957$24,760,038$120,706,076
91$188,948,152$40,947,457$25,469,701$132,019,929
92$208,097,291$42,830,311$26,199,364$144,450,169
93$229,195,750$44,801,531$26,949,578$158,109,162
94$252,442,237$46,865,327$27,720,909$173,120,675
95$278,055,724$49,026,106$28,513,938$189,621,029
96$306,277,514$51,288,492$29,329,262$207,760,382
97$337,373,520$53,657,328$30,167,492$227,704,136
98$371,636,774$56,137,691$31,029,257$249,634,488
99$409,390,191$58,734,904$31,915,203$273,752,141
100$450,989,620$61,454,544$32,825,992$300,278,186