Can I retire at age 62 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$924,886$916,647$908,609$900,764$893,104$861,758
2 years$457,864$449,337$441,073$433,060$425,287$394,037
3 years$302,211$293,647$285,403$277,466$269,820$239,646
4 years$224,399$215,861$207,700$199,898$192,438$163,571
5 years$177,725$169,238$161,184$153,541$146,288$118,804
6 years$146,618$138,195$130,261$122,788$115,753$89,673
7 years$124,408$116,056$108,247$100,951$94,138$69,457
8 years$107,758$99,482$91,802$84,685$78,097$54,794
9 years$94,815$86,617$79,069$72,133$65,769$43,815
10 years$84,467$76,348$68,934$62,179$56,038$35,396
11 years$76,005$67,969$60,689$54,115$48,195$28,822
12 years$68,959$61,005$53,860$47,466$41,764$23,616
13 years$63,002$55,131$48,120$41,905$36,419$19,447
14 years$57,900$50,112$43,236$37,199$31,925$16,077
15 years$53,482$45,778$39,036$33,175$28,109$13,335
16 years$49,620$42,001$35,392$29,704$24,843$11,090
17 years$46,216$38,681$32,205$26,689$22,028$9,242
18 years$43,194$35,743$29,399$24,052$19,586$7,717
19 years$40,493$33,126$26,914$21,733$17,457$6,452
20 years$38,065$30,783$24,700$19,684$15,593$5,402
21 years$35,871$28,673$22,719$17,864$13,954$4,527
22 years$33,880$26,765$20,939$16,243$12,508$3,797
23 years$32,064$25,033$19,334$14,793$11,228$3,187
24 years$30,402$23,454$17,881$13,492$10,092$2,676
25 years$28,875$22,010$16,561$12,321$9,081$2,249
26 years$27,468$20,686$15,359$11,266$8,180$1,890
27 years$26,168$19,468$14,263$10,312$7,375$1,590
28 years$24,962$18,345$13,259$9,448$6,655$1,337
29 years$23,842$17,306$12,339$8,664$6,009$1,125
30 years$22,798$16,344$11,493$7,951$5,429$947
31 years$21,824$15,450$10,715$7,303$4,909$797
32 years$20,912$14,619$9,997$6,711$4,440$671
33 years$20,058$13,845$9,334$6,172$4,018$565
34 years$19,255$13,122$8,721$5,679$3,638$476
35 years$18,500$12,446$8,154$5,227$3,295$400
36 years$17,788$11,813$7,628$4,814$2,986$337
37 years$17,117$11,219$7,139$4,436$2,706$284
38 years$16,482$10,662$6,686$4,089$2,453$239
39 years$15,881$10,139$6,264$3,770$2,225$201
40 years$15,312$9,646$5,871$3,477$2,018$170
41 years$14,772$9,182$5,505$3,208$1,831$143
42 years$14,259$8,745$5,164$2,961$1,661$120
43 years$13,771$8,332$4,846$2,733$1,508$101
44 years$13,307$7,942$4,549$2,524$1,368$85
45 years$12,865$7,574$4,271$2,331$1,242$72
46 years$12,443$7,225$4,011$2,153$1,128$61
47 years$12,040$6,895$3,769$1,989$1,024$51
48 years$11,655$6,582$3,541$1,838$930$43
49 years$11,287$6,286$3,329$1,698$845$36
50 years$10,935$6,004$3,130$1,570$767$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,200,000, adding $6,378 every year, while hoping to spend $32,496 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: 63/26/11 Blend
61$11,200,000$11,200,000$11,200,000$11,200,000
62$12,348,979$11,755,379$11,581,779$13,095,708
63$13,573,999$12,296,817$11,935,193$14,137,361
64$14,922,883$12,863,696$12,299,357$15,269,935
65$16,408,229$13,457,229$12,674,598$16,505,781
66$18,043,921$14,078,687$13,061,250$17,854,924
67$19,845,259$14,729,400$13,459,660$19,328,386
68$21,829,100$15,410,766$13,870,183$20,938,293
69$24,014,021$16,124,246$14,293,187$22,697,982
70$26,420,492$16,871,375$14,729,050$24,622,128
71$29,071,070$17,653,761$15,178,161$26,726,873
72$31,990,612$18,473,087$15,640,922$29,029,978
73$35,206,506$19,331,121$16,117,745$31,550,989
74$38,748,937$20,229,713$16,609,056$34,311,413
75$42,651,164$21,170,804$17,115,295$37,334,922
76$46,949,838$22,156,428$17,636,912$40,647,566
77$51,685,346$23,188,718$18,174,374$44,278,020
78$56,902,195$24,269,909$18,728,159$48,257,846
79$62,649,429$25,402,344$19,298,762$52,621,790
80$68,981,091$26,588,479$19,886,691$57,408,099
81$75,956,737$27,830,890$20,492,470$62,658,883
82$83,641,997$29,132,276$21,116,640$68,420,504
83$92,109,189$30,495,466$21,759,756$74,744,004
84$101,438,009$31,923,427$22,422,391$81,685,588
85$111,716,281$33,419,269$23,105,136$89,307,143
86$123,040,781$34,986,253$23,808,598$97,676,817
87$135,518,158$36,627,797$24,533,403$106,869,654
88$149,265,934$38,347,483$25,280,196$116,968,297
89$164,413,619$40,149,069$26,049,642$128,063,758
90$181,103,928$42,036,494$26,842,425$140,256,273
91$199,494,133$44,013,886$27,659,250$153,656,234
92$219,757,543$46,085,575$28,500,843$168,385,227
93$242,085,143$48,256,099$29,367,953$184,577,169
94$266,687,397$50,530,217$30,261,349$202,379,562
95$293,796,233$52,912,919$31,181,825$221,954,874
96$323,667,231$55,409,435$32,130,199$243,482,066
97$356,582,041$58,025,249$33,107,312$267,158,267
98$392,851,035$60,766,112$34,114,033$293,200,622
99$432,816,241$63,638,052$35,151,254$321,848,336
100$476,854,572$66,647,391$36,219,895$353,364,912