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%11.9%
1 years$908,370$900,278$892,384$884,679$877,155$870,169
2 years$449,688$441,313$433,196$425,327$417,693$410,651
3 years$296,814$288,403$280,307$272,511$265,002$258,122
4 years$220,392$212,007$203,991$196,329$189,001$182,336
5 years$174,551$166,216$158,306$150,799$143,676$137,246
6 years$144,000$135,728$127,935$120,595$113,686$107,498
7 years$122,187$113,984$106,314$99,148$92,457$86,515
8 years$105,834$97,705$90,163$83,173$76,702$71,006
9 years$93,122$85,070$77,657$70,845$64,594$59,142
10 years$82,958$74,985$67,703$61,069$55,037$49,826
11 years$74,648$66,755$59,605$53,148$47,334$42,360
12 years$67,728$59,915$52,898$46,618$41,019$36,277
13 years$61,877$54,146$47,261$41,157$35,769$31,255
14 years$56,866$49,217$42,464$36,534$31,355$27,062
15 years$52,527$44,961$38,339$32,582$27,607$23,530
16 years$48,734$41,251$34,760$29,174$24,400$20,532
17 years$45,391$37,990$31,630$26,213$21,634$17,969
18 years$42,423$35,105$28,874$23,623$19,236$15,768
19 years$39,770$32,535$26,433$21,345$17,146$13,866
20 years$37,386$30,233$24,259$19,332$15,315$12,218
21 years$35,231$28,161$22,314$17,545$13,705$10,783
22 years$33,275$26,287$20,566$15,953$12,285$9,531
23 years$31,491$24,586$18,989$14,528$11,027$8,435
24 years$29,859$23,035$17,561$13,251$9,912$7,473
25 years$28,360$21,617$16,265$12,101$8,919$6,627
26 years$26,978$20,317$15,085$11,065$8,034$5,883
27 years$25,701$19,121$14,008$10,128$7,243$5,225
28 years$24,517$18,017$13,022$9,279$6,536$4,645
29 years$23,416$16,997$12,118$8,509$5,902$4,131
30 years$22,391$16,052$11,288$7,809$5,332$3,676
31 years$21,434$15,175$10,523$7,172$4,821$3,273
32 years$20,539$14,358$9,818$6,592$4,361$2,915
33 years$19,699$13,597$9,167$6,061$3,947$2,597
34 years$18,911$12,887$8,565$5,577$3,573$2,315
35 years$18,169$12,223$8,008$5,134$3,236$2,064
36 years$17,471$11,602$7,491$4,728$2,932$1,840
37 years$16,811$11,019$7,012$4,357$2,658$1,642
38 years$16,188$10,472$6,566$4,016$2,409$1,465
39 years$15,598$9,958$6,152$3,702$2,185$1,307
40 years$15,039$9,474$5,766$3,415$1,982$1,166
41 years$14,508$9,018$5,407$3,151$1,798$1,041
42 years$14,005$8,589$5,072$2,908$1,632$929
43 years$13,526$8,183$4,759$2,684$1,481$830
44 years$13,070$7,801$4,467$2,478$1,344$741
45 years$12,635$7,439$4,195$2,289$1,220$662
46 years$12,221$7,096$3,940$2,114$1,108$591
47 years$11,825$6,772$3,701$1,953$1,006$528
48 years$11,447$6,465$3,478$1,805$914$471
49 years$11,086$6,173$3,269$1,668$830$421
50 years$10,740$5,897$3,074$1,542$754$376

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 $2,102 every year, while hoping to spend $59,818 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: 41/39/20 Blend
61$11,000,000$11,000,000$11,000,000$11,000,000
62$12,124,168$11,541,168$11,370,668$12,549,719
63$13,297,187$12,043,040$11,687,940$13,355,065
64$14,587,850$12,567,498$12,013,835$14,220,271
65$16,008,092$13,115,586$12,348,580$15,155,525
66$17,571,065$13,688,398$12,692,405$16,167,264
67$19,291,262$14,287,078$13,045,549$17,262,552
68$21,184,649$14,912,823$13,408,253$18,449,145
69$23,268,820$15,566,888$13,780,766$19,735,557
70$25,563,162$16,250,588$14,163,344$21,131,137
71$28,089,035$16,965,297$14,556,247$22,646,154
72$30,869,979$17,712,459$14,959,743$24,291,887
73$33,931,928$18,493,581$15,374,106$26,080,730
74$37,303,462$19,310,244$15,799,616$28,026,299
75$41,016,073$20,164,103$16,236,561$30,143,560
76$45,104,461$21,056,893$16,685,234$32,448,963
77$49,606,864$21,990,429$17,145,938$34,960,588
78$54,565,418$22,966,614$17,618,981$37,698,316
79$60,026,552$23,987,439$18,104,677$40,684,005
80$66,041,428$25,054,992$18,603,352$43,941,691
81$72,666,425$26,171,458$19,115,336$47,497,811
82$79,963,668$27,339,127$19,640,967$51,381,442
83$88,001,616$28,560,397$20,180,593$55,624,567
84$96,855,706$29,837,783$20,734,569$60,262,372
85$106,609,069$31,173,914$21,303,257$65,333,569
86$117,353,308$32,571,550$21,887,030$70,880,752
87$129,189,368$34,033,578$22,486,268$76,950,790
88$142,228,485$35,563,026$23,101,361$83,595,261
89$156,593,240$37,163,063$23,732,705$90,870,929
90$172,418,709$38,837,012$24,380,709$98,840,268
91$189,853,744$40,588,352$25,045,790$107,572,042
92$209,062,375$42,420,731$25,728,373$117,141,943
93$230,225,358$44,337,967$26,428,894$127,633,294
94$253,541,882$46,344,065$27,147,800$139,137,822
95$279,231,448$48,443,218$27,885,545$151,756,512
96$307,535,941$50,639,821$28,642,596$165,600,549
97$338,721,912$52,938,478$29,419,429$180,792,347
98$373,083,099$55,344,015$30,216,531$197,466,697
99$410,943,190$57,861,487$31,034,400$215,772,021
100$452,658,887$60,496,191$31,873,544$235,871,757