Can I retire at age 62 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$900,112$892,094$884,272$876,637$869,181$853,028
2 years$445,600$437,301$429,258$421,460$413,896$397,682
3 years$294,116$285,781$277,758$270,033$262,593$246,823
4 years$218,389$210,079$202,137$194,544$187,283$172,080
5 years$172,964$164,705$156,867$149,428$142,370$127,777
6 years$142,691$134,494$126,772$119,499$112,652$98,685
7 years$121,076$112,948$105,348$98,247$91,616$78,279
8 years$104,872$96,817$89,343$82,417$76,005$63,293
9 years$92,275$84,297$76,951$70,201$64,007$51,914
10 years$82,204$74,303$67,088$60,514$54,537$43,051
11 years$73,969$66,148$59,063$52,665$46,904$36,012
12 years$67,112$59,371$52,417$46,194$40,646$30,333
13 years$61,314$53,654$46,831$40,783$35,444$25,694
14 years$56,349$48,770$42,078$36,202$31,070$21,865
15 years$52,049$44,552$37,991$32,286$27,356$18,678
16 years$48,291$40,876$34,444$28,909$24,178$16,006
17 years$44,978$37,645$31,343$25,974$21,438$13,754
18 years$42,037$34,786$28,612$23,408$19,061$11,845
19 years$39,408$32,239$26,193$21,151$16,990$10,221
20 years$37,046$29,958$24,039$19,156$15,176$8,835
21 years$34,911$27,905$22,111$17,386$13,580$7,647
22 years$32,972$26,048$20,379$15,808$12,173$6,626
23 years$31,205$24,362$18,816$14,396$10,927$5,748
24 years$29,588$22,826$17,402$13,130$9,822$4,991
25 years$28,102$21,421$16,117$11,991$8,838$4,337
26 years$26,733$20,132$14,948$10,964$7,961$3,771
27 years$25,467$18,947$13,881$10,036$7,177$3,281
28 years$24,294$17,853$12,904$9,195$6,476$2,856
29 years$23,203$16,843$12,008$8,432$5,848$2,487
30 years$22,188$15,906$11,185$7,738$5,284$2,166
31 years$21,239$15,037$10,428$7,107$4,777$1,888
32 years$20,352$14,228$9,729$6,532$4,321$1,645
33 years$19,520$13,474$9,084$6,006$3,911$1,435
34 years$18,739$12,770$8,488$5,526$3,541$1,251
35 years$18,004$12,112$7,935$5,087$3,207$1,091
36 years$17,312$11,496$7,423$4,685$2,906$952
37 years$16,658$10,919$6,948$4,317$2,634$831
38 years$16,041$10,377$6,507$3,979$2,388$725
39 years$15,456$9,867$6,096$3,669$2,165$633
40 years$14,902$9,388$5,714$3,384$1,964$552
41 years$14,376$8,936$5,358$3,122$1,782$482
42 years$13,877$8,511$5,026$2,881$1,617$421
43 years$13,403$8,109$4,716$2,660$1,467$367
44 years$12,951$7,730$4,427$2,456$1,332$321
45 years$12,520$7,371$4,157$2,268$1,209$280
46 years$12,110$7,032$3,904$2,095$1,098$244
47 years$11,718$6,710$3,668$1,936$997$213
48 years$11,343$6,406$3,447$1,789$905$186
49 years$10,985$6,117$3,240$1,653$822$163
50 years$10,642$5,843$3,046$1,528$747$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,900,000, adding $4,097 every year, while hoping to spend $32,362 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: 34/39/27 Blend
61$10,900,000$10,900,000$10,900,000$10,900,000
62$12,016,026$11,438,326$11,269,376$12,326,096
63$13,207,228$11,964,371$11,612,467$13,085,792
64$14,518,847$12,515,108$11,965,967$13,901,253
65$15,963,134$13,091,712$12,330,191$14,779,997
66$17,553,583$13,695,415$12,705,462$15,727,678
67$19,305,067$14,327,510$13,092,114$16,750,488
68$21,233,976$14,989,349$13,490,491$17,855,219
69$23,358,366$15,682,352$13,900,947$19,049,315
70$25,698,137$16,408,005$14,323,847$20,340,943
71$28,275,218$17,167,868$14,759,567$21,739,061
72$31,113,771$17,963,574$15,208,493$23,253,500
73$34,240,422$18,796,836$15,671,024$24,895,046
74$37,684,513$19,669,449$16,147,571$26,675,544
75$41,478,375$20,583,294$16,638,557$28,607,994
76$45,657,638$21,540,344$17,144,417$30,706,676
77$50,261,562$22,542,666$17,665,600$32,987,269
78$55,333,412$23,592,427$18,202,568$35,467,002
79$60,920,864$24,691,899$18,755,798$38,164,798
80$67,076,454$25,843,465$19,325,779$41,101,453
81$73,858,077$27,049,619$19,913,017$44,299,823
82$81,329,530$28,312,979$20,518,032$47,785,026
83$89,561,115$29,636,289$21,141,360$51,584,675
84$98,630,306$31,022,424$21,783,553$55,729,128
85$108,622,474$32,474,399$22,445,178$60,251,765
86$119,631,697$33,995,375$23,126,822$65,189,292
87$131,761,647$35,588,666$23,829,088$70,582,075
88$145,126,569$37,257,744$24,552,596$76,474,516
89$159,852,358$39,006,253$25,297,987$82,915,452
90$176,077,748$40,838,008$26,065,919$89,958,611
91$193,955,622$42,757,014$26,857,071$97,663,102
92$213,654,454$44,767,467$27,672,142$106,093,960
93$235,359,901$46,873,765$28,511,851$115,322,749
94$259,276,553$49,080,522$29,376,940$125,428,219
95$285,629,867$51,392,574$30,268,174$136,497,034
96$314,668,293$53,814,989$31,186,337$148,624,579
97$346,665,620$56,353,085$32,132,240$161,915,837
98$381,923,561$59,012,434$33,106,718$176,486,367
99$420,774,601$61,798,879$34,110,629$192,463,375
100$463,585,133$64,718,548$35,144,859$209,986,896