Can I retire at age 62 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$908,370$900,278$892,384$884,679$877,155$872,359
2 years$449,688$441,313$433,196$425,327$417,693$412,853
3 years$296,814$288,403$280,307$272,511$265,002$260,268
4 years$220,392$212,007$203,991$196,329$189,001$184,411
5 years$174,551$166,216$158,306$150,799$143,676$139,242
6 years$144,000$135,728$127,935$120,595$113,686$109,414
7 years$122,187$113,984$106,314$99,148$92,457$88,349
8 years$105,834$97,705$90,163$83,173$76,702$72,759
9 years$93,122$85,070$77,657$70,845$64,594$60,815
10 years$82,958$74,985$67,703$61,069$55,037$51,420
11 years$74,648$66,755$59,605$53,148$47,334$43,875
12 years$67,728$59,915$52,898$46,618$41,019$37,717
13 years$61,877$54,146$47,261$41,157$35,769$32,620
14 years$56,866$49,217$42,464$36,534$31,355$28,356
15 years$52,527$44,961$38,339$32,582$27,607$24,754
16 years$48,734$41,251$34,760$29,174$24,400$21,688
17 years$45,391$37,990$31,630$26,213$21,634$19,060
18 years$42,423$35,105$28,874$23,623$19,236$16,795
19 years$39,770$32,535$26,433$21,345$17,146$14,833
20 years$37,386$30,233$24,259$19,332$15,315$13,127
21 years$35,231$28,161$22,314$17,545$13,705$11,637
22 years$33,275$26,287$20,566$15,953$12,285$10,332
23 years$31,491$24,586$18,989$14,528$11,027$9,185
24 years$29,859$23,035$17,561$13,251$9,912$8,175
25 years$28,360$21,617$16,265$12,101$8,919$7,284
26 years$26,978$20,317$15,085$11,065$8,034$6,496
27 years$25,701$19,121$14,008$10,128$7,243$5,797
28 years$24,517$18,017$13,022$9,279$6,536$5,178
29 years$23,416$16,997$12,118$8,509$5,902$4,627
30 years$22,391$16,052$11,288$7,809$5,332$4,138
31 years$21,434$15,175$10,523$7,172$4,821$3,702
32 years$20,539$14,358$9,818$6,592$4,361$3,313
33 years$19,699$13,597$9,167$6,061$3,947$2,967
34 years$18,911$12,887$8,565$5,577$3,573$2,658
35 years$18,169$12,223$8,008$5,134$3,236$2,381
36 years$17,471$11,602$7,491$4,728$2,932$2,134
37 years$16,811$11,019$7,012$4,357$2,658$1,913
38 years$16,188$10,472$6,566$4,016$2,409$1,716
39 years$15,598$9,958$6,152$3,702$2,185$1,539
40 years$15,039$9,474$5,766$3,415$1,982$1,380
41 years$14,508$9,018$5,407$3,151$1,798$1,238
42 years$14,005$8,589$5,072$2,908$1,632$1,111
43 years$13,526$8,183$4,759$2,684$1,481$997
44 years$13,070$7,801$4,467$2,478$1,344$895
45 years$12,635$7,439$4,195$2,289$1,220$804
46 years$12,221$7,096$3,940$2,114$1,108$721
47 years$11,825$6,772$3,701$1,953$1,006$648
48 years$11,447$6,465$3,478$1,805$914$582
49 years$11,086$6,173$3,269$1,668$830$522
50 years$10,740$5,897$3,074$1,542$754$469

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,000,000, adding $2,253 every year, while hoping to spend $36,319 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: 58/36/6 Blend
61$11,000,000$11,000,000$11,000,000$11,000,000
62$12,124,324$11,541,324$11,370,824$12,812,770
63$13,322,362$12,068,206$11,713,103$13,801,933
64$14,641,382$12,619,687$12,065,632$14,875,216
65$16,093,687$13,196,936$12,428,715$16,044,077
66$17,692,832$13,801,175$12,802,665$17,317,662
67$19,453,754$14,433,685$13,187,808$18,706,022
68$21,392,912$15,095,811$13,584,474$20,220,205
69$23,528,442$15,788,959$13,993,007$21,872,356
70$25,880,331$16,514,605$14,413,760$23,675,829
71$28,470,599$17,274,295$14,847,096$25,645,305
72$31,323,515$18,069,651$15,293,389$27,796,930
73$34,465,819$18,902,369$15,753,023$30,148,462
74$37,926,979$19,774,231$16,226,395$32,719,431
75$41,739,464$20,687,102$16,713,912$35,531,321
76$45,939,057$21,642,937$17,215,996$38,607,768
77$50,565,186$22,643,787$17,733,078$41,974,774
78$55,661,302$23,691,799$18,265,602$45,660,948
79$61,275,283$24,789,226$18,814,028$49,697,773
80$67,459,891$25,938,427$19,378,827$54,119,892
81$74,273,266$27,141,876$19,960,484$58,965,431
82$81,779,479$28,402,167$20,559,500$64,276,351
83$90,049,130$29,722,019$21,176,388$70,098,836
84$99,160,023$31,104,279$21,811,679$76,483,724
85$109,197,893$32,551,936$22,465,917$83,486,975
86$120,257,216$34,068,119$23,139,664$91,170,192
87$132,442,107$35,656,111$23,833,497$99,601,197
88$145,867,293$37,319,353$24,548,011$108,854,655
89$160,659,206$39,061,450$25,283,818$119,012,775
90$176,957,168$40,886,184$26,041,549$130,166,074
91$194,914,709$42,797,517$26,821,851$142,414,221
92$214,701,019$44,799,605$27,625,393$155,866,963
93$236,502,541$46,896,803$28,452,861$170,645,156
94$260,524,731$49,093,677$29,304,962$186,881,889
95$286,994,000$51,395,014$30,182,426$204,723,727
96$316,159,852$53,805,833$31,086,000$224,332,083
97$348,297,232$56,331,395$32,016,457$245,884,729
98$383,709,132$58,977,215$32,974,590$269,577,456
99$422,729,441$61,749,076$33,961,216$295,625,907
100$465,726,103$64,653,040$34,977,177$324,267,600