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%17.4%
1 years$908,370$900,278$892,384$884,679$877,155$850,781
2 years$449,688$441,313$433,196$425,327$417,693$391,344
3 years$296,814$288,403$280,307$272,511$265,002$239,503
4 years$220,392$212,007$203,991$196,329$189,001$164,549
5 years$174,551$166,216$158,306$150,799$143,676$120,337
6 years$144,000$135,728$127,935$120,595$113,686$91,480
7 years$122,187$113,984$106,314$99,148$92,457$71,384
8 years$105,834$97,705$90,163$83,173$76,702$56,748
9 years$93,122$85,070$77,657$70,845$64,594$45,739
10 years$82,958$74,985$67,703$61,069$55,037$37,254
11 years$74,648$66,755$59,605$53,148$47,334$30,591
12 years$67,728$59,915$52,898$46,618$41,019$25,283
13 years$61,877$54,146$47,261$41,157$35,769$21,004
14 years$56,866$49,217$42,464$36,534$31,355$17,523
15 years$52,527$44,961$38,339$32,582$27,607$14,668
16 years$48,734$41,251$34,760$29,174$24,400$12,313
17 years$45,391$37,990$31,630$26,213$21,634$10,361
18 years$42,423$35,105$28,874$23,623$19,236$8,735
19 years$39,770$32,535$26,433$21,345$17,146$7,375
20 years$37,386$30,233$24,259$19,332$15,315$6,236
21 years$35,231$28,161$22,314$17,545$13,705$5,279
22 years$33,275$26,287$20,566$15,953$12,285$4,473
23 years$31,491$24,586$18,989$14,528$11,027$3,793
24 years$29,859$23,035$17,561$13,251$9,912$3,219
25 years$28,360$21,617$16,265$12,101$8,919$2,733
26 years$26,978$20,317$15,085$11,065$8,034$2,321
27 years$25,701$19,121$14,008$10,128$7,243$1,973
28 years$24,517$18,017$13,022$9,279$6,536$1,677
29 years$23,416$16,997$12,118$8,509$5,902$1,426
30 years$22,391$16,052$11,288$7,809$5,332$1,213
31 years$21,434$15,175$10,523$7,172$4,821$1,032
32 years$20,539$14,358$9,818$6,592$4,361$878
33 years$19,699$13,597$9,167$6,061$3,947$747
34 years$18,911$12,887$8,565$5,577$3,573$636
35 years$18,169$12,223$8,008$5,134$3,236$541
36 years$17,471$11,602$7,491$4,728$2,932$461
37 years$16,811$11,019$7,012$4,357$2,658$392
38 years$16,188$10,472$6,566$4,016$2,409$334
39 years$15,598$9,958$6,152$3,702$2,185$285
40 years$15,039$9,474$5,766$3,415$1,982$242
41 years$14,508$9,018$5,407$3,151$1,798$206
42 years$14,005$8,589$5,072$2,908$1,632$176
43 years$13,526$8,183$4,759$2,684$1,481$150
44 years$13,070$7,801$4,467$2,478$1,344$127
45 years$12,635$7,439$4,195$2,289$1,220$109
46 years$12,221$7,096$3,940$2,114$1,108$92
47 years$11,825$6,772$3,701$1,953$1,006$79
48 years$11,447$6,465$3,478$1,805$914$67
49 years$11,086$6,173$3,269$1,668$830$57
50 years$10,740$5,897$3,074$1,542$754$49

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 $4,367 every year, while hoping to spend $26,117 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: 76/10/14 Blend
61$11,000,000$11,000,000$11,000,000$11,000,000
62$12,126,505$11,543,505$11,373,005$13,012,271
63$13,335,620$12,081,348$11,726,212$14,135,268
64$14,667,189$12,644,670$12,090,376$15,362,344
65$16,133,676$13,234,693$12,465,837$16,706,853
66$17,748,813$13,852,695$12,852,945$18,180,483
67$19,527,734$14,500,018$13,252,060$19,796,100
68$21,487,113$15,178,070$13,663,555$21,567,873
69$23,645,327$15,888,324$14,087,812$23,511,401
70$26,022,624$16,632,325$14,525,228$25,643,862
71$28,641,318$17,411,696$14,976,210$27,984,174
72$31,525,997$18,228,133$15,441,177$30,553,168
73$34,703,756$19,083,419$15,920,564$33,373,788
74$38,204,453$19,979,421$16,414,817$36,471,300
75$42,060,990$20,918,095$16,924,396$39,873,532
76$46,309,624$21,901,494$17,449,776$43,611,134
77$50,990,308$22,931,770$17,991,446$47,717,865
78$56,147,071$24,011,178$18,549,910$52,230,908
79$61,828,430$25,142,083$19,125,690$57,191,223
80$68,087,849$26,326,965$19,719,320$62,643,924
81$74,984,247$27,568,423$20,331,354$68,638,708
82$82,582,547$28,869,183$20,962,362$75,230,319
83$90,954,295$30,232,102$21,612,930$82,479,065
84$100,178,335$31,660,176$22,283,664$90,451,378
85$110,341,548$33,156,547$22,975,190$99,220,444
86$121,539,676$34,724,509$23,688,149$108,866,889
87$133,878,228$36,367,514$24,423,206$119,479,535
88$147,473,469$38,089,184$25,181,046$131,156,236
89$162,453,524$39,893,315$25,962,372$144,004,801
90$178,959,584$41,783,888$26,767,912$158,144,002
91$197,147,239$43,765,077$27,598,415$173,704,696
92$217,187,950$45,841,258$28,454,654$190,831,054
93$239,270,662$48,017,021$29,337,426$209,681,920
94$263,603,590$50,297,176$30,247,551$230,432,302
95$290,416,188$52,686,769$31,185,876$253,275,023
96$319,961,310$55,191,091$32,153,273$278,422,535
97$352,517,598$57,815,689$33,150,642$306,108,919
98$388,392,115$60,566,380$34,178,910$336,592,091
99$427,923,240$63,449,262$35,239,034$370,156,229
100$471,483,867$66,470,733$36,331,998$407,114,451