Can I retire at age 62 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$916,628$908,463$900,497$892,722$885,130$859,898
2 years$453,776$445,325$437,134$429,193$421,490$396,266
3 years$299,512$291,025$282,855$274,988$267,411$242,985
4 years$222,396$213,934$205,846$198,114$190,720$167,279
5 years$176,138$167,727$159,745$152,170$144,982$122,590
6 years$145,309$136,962$129,098$121,692$114,719$93,398
7 years$123,297$115,020$107,281$100,049$93,298$73,046
8 years$106,796$98,593$90,983$83,929$77,399$58,206
9 years$93,968$85,843$78,363$71,489$65,181$47,028
10 years$83,712$75,667$68,319$61,624$55,538$38,400
11 years$75,327$67,362$60,147$53,631$47,764$31,614
12 years$68,343$60,460$53,379$47,042$41,392$26,197
13 years$62,439$54,638$47,690$41,531$36,094$21,823
14 years$57,383$49,665$42,850$36,867$31,640$18,256
15 years$53,004$45,370$38,688$32,879$27,858$15,325
16 years$49,177$41,626$35,076$29,439$24,621$12,902
17 years$45,804$38,336$31,918$26,451$21,831$10,888
18 years$42,808$35,424$29,137$23,838$19,411$9,206
19 years$40,132$32,831$26,673$21,539$17,302$7,797
20 years$37,725$30,508$24,480$19,508$15,454$6,613
21 years$35,551$28,417$22,517$17,705$13,830$5,615
22 years$33,577$26,526$20,752$16,098$12,396$4,773
23 years$31,778$24,809$19,161$14,660$11,128$4,060
24 years$30,131$23,245$17,721$13,371$10,002$3,456
25 years$28,618$21,814$16,413$12,211$9,000$2,944
26 years$27,223$20,502$15,222$11,165$8,107$2,509
27 years$25,934$19,294$14,135$10,220$7,309$2,139
28 years$24,739$18,181$13,141$9,364$6,595$1,824
29 years$23,629$17,152$12,228$8,587$5,955$1,556
30 years$22,595$16,198$11,390$7,880$5,381$1,328
31 years$21,629$15,312$10,619$7,238$4,865$1,134
32 years$20,726$14,489$9,908$6,652$4,401$968
33 years$19,878$13,721$9,251$6,117$3,983$826
34 years$19,083$13,004$8,643$5,628$3,606$706
35 years$18,335$12,334$8,081$5,181$3,266$603
36 years$17,629$11,707$7,560$4,771$2,959$515
37 years$16,964$11,119$7,076$4,396$2,682$440
38 years$16,335$10,567$6,626$4,052$2,431$376
39 years$15,740$10,048$6,208$3,736$2,205$321
40 years$15,175$9,560$5,819$3,446$2,000$274
41 years$14,640$9,100$5,456$3,179$1,814$234
42 years$14,132$8,667$5,118$2,934$1,646$200
43 years$13,649$8,258$4,802$2,709$1,494$171
44 years$13,188$7,871$4,508$2,501$1,356$146
45 years$12,750$7,506$4,233$2,310$1,231$125
46 years$12,332$7,161$3,976$2,134$1,118$107
47 years$11,933$6,833$3,735$1,971$1,015$91
48 years$11,551$6,523$3,510$1,821$922$78
49 years$11,186$6,229$3,299$1,683$837$67
50 years$10,837$5,951$3,102$1,556$760$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,100,000, adding $5,467 every year, while hoping to spend $47,483 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: 54/41/5 Blend
61$11,100,000$11,100,000$11,100,000$11,100,000
62$12,237,839$11,649,539$11,477,489$12,885,510
63$13,435,577$12,169,845$11,811,464$13,843,612
64$14,753,893$12,714,055$12,155,035$14,880,050
65$16,205,036$13,283,289$12,508,474$16,006,808
66$17,802,502$13,878,722$12,872,060$17,232,437
67$19,561,162$14,501,585$13,246,079$18,566,329
68$21,497,405$15,153,167$13,630,827$20,018,808
69$23,629,286$15,834,817$14,026,605$21,601,213
70$25,976,702$16,547,952$14,433,725$23,326,011
71$28,561,577$17,294,053$14,852,506$25,206,901
72$31,408,069$18,074,674$15,283,277$27,258,946
73$34,542,800$18,891,441$15,726,375$29,498,704
74$37,995,104$19,746,059$16,182,146$31,944,382
75$41,797,304$20,640,315$16,650,948$34,616,003
76$45,985,019$21,576,081$17,133,145$37,535,587
77$50,597,500$22,555,318$17,629,114$40,727,355
78$55,677,997$23,580,081$18,139,241$44,217,947
79$61,274,170$24,652,522$18,663,924$48,036,672
80$67,438,540$25,774,900$19,203,569$52,215,775
81$74,228,979$26,949,578$19,758,597$56,790,735
82$81,709,261$28,179,034$20,329,436$61,800,590
83$89,949,663$29,465,864$20,916,530$67,288,300
84$99,027,627$30,812,790$21,520,332$73,301,143
85$109,028,491$32,222,663$22,141,309$79,891,153
86$120,046,295$33,698,471$22,779,941$87,115,601
87$132,184,667$35,243,346$23,436,719$95,037,527
88$145,557,803$36,860,569$24,112,149$103,726,325
89$160,291,543$38,553,581$24,806,750$113,258,386
90$176,524,560$40,325,987$25,521,056$123,717,809
91$194,409,669$42,181,563$26,255,614$135,197,185
92$214,115,265$44,124,270$27,010,988$147,798,456
93$235,826,921$46,158,258$27,787,755$161,633,866
94$259,749,131$48,287,877$28,586,508$176,827,007
95$286,107,243$50,517,684$29,407,857$193,513,974
96$315,149,590$52,852,458$30,252,428$211,844,630
97$347,149,827$55,297,208$31,120,864$231,984,010
98$382,409,520$57,857,182$32,013,824$254,113,862
99$421,260,990$60,537,883$32,931,986$278,434,346
100$464,070,450$63,345,077$33,876,046$305,165,903