Can I retire at age 62 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$933,143$924,831$916,722$908,807$901,078$889,818
2 years$461,952$453,349$445,011$436,926$429,085$417,755
3 years$304,909$296,268$287,951$279,943$272,229$261,181
4 years$226,403$217,789$209,555$201,683$194,156$183,475
5 years$179,311$170,749$162,623$154,912$147,594$137,312
6 years$147,927$139,429$131,424$123,884$116,786$106,915
7 years$125,519$117,093$109,214$101,852$94,979$85,521
8 years$108,720$100,370$92,622$85,441$78,794$69,750
9 years$95,662$87,390$79,775$72,777$66,356$57,722
10 years$85,221$77,030$69,550$62,734$56,538$48,308
11 years$76,684$68,575$61,231$54,598$48,625$40,791
12 years$69,575$61,550$54,341$47,890$42,137$34,691
13 years$63,564$55,623$48,550$42,279$36,745$29,676
14 years$58,417$50,560$43,622$37,531$32,210$25,509
15 years$53,959$46,187$39,385$33,471$28,360$22,016
16 years$50,063$42,376$35,708$29,970$25,065$19,065
17 years$46,629$39,027$32,493$26,927$22,224$16,558
18 years$43,580$36,062$29,662$24,267$19,761$14,416
19 years$40,855$33,422$27,154$21,927$17,613$12,577
20 years$38,405$31,057$24,921$19,859$15,732$10,993
21 years$36,192$28,929$22,922$18,024$14,079$9,623
22 years$34,182$27,004$21,126$16,388$12,620$8,435
23 years$32,350$25,256$19,506$14,925$11,328$7,403
24 years$30,673$23,664$18,040$13,612$10,182$6,503
25 years$29,133$22,207$16,709$12,431$9,162$5,718
26 years$27,714$20,871$15,497$11,367$8,253$5,031
27 years$26,402$19,642$14,390$10,404$7,441$4,430
28 years$25,185$18,509$13,377$9,532$6,714$3,904
29 years$24,055$17,461$12,449$8,741$6,063$3,441
30 years$23,002$16,490$11,596$8,022$5,478$3,035
31 years$22,019$15,588$10,810$7,368$4,953$2,678
32 years$21,099$14,750$10,086$6,771$4,480$2,363
33 years$20,237$13,968$9,417$6,227$4,054$2,087
34 years$19,427$13,239$8,799$5,729$3,671$1,843
35 years$18,665$12,557$8,227$5,274$3,325$1,628
36 years$17,947$11,918$7,696$4,857$3,012$1,438
37 years$17,269$11,320$7,203$4,475$2,730$1,271
38 years$16,629$10,758$6,745$4,125$2,475$1,123
39 years$16,023$10,229$6,320$3,803$2,245$993
40 years$15,449$9,732$5,923$3,508$2,036$878
41 years$14,904$9,264$5,554$3,237$1,847$776
42 years$14,387$8,823$5,210$2,987$1,676$686
43 years$13,894$8,407$4,889$2,757$1,521$607
44 years$13,426$8,013$4,589$2,546$1,381$537
45 years$12,980$7,641$4,309$2,351$1,253$475
46 years$12,554$7,290$4,047$2,172$1,138$420
47 years$12,148$6,956$3,802$2,007$1,033$371
48 years$11,759$6,641$3,573$1,854$938$329
49 years$11,388$6,342$3,358$1,714$852$291
50 years$11,033$6,058$3,157$1,584$774$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,300,000, adding $2,324 every year, while hoping to spend $34,960 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: 60/18/22 Blend
61$11,300,000$11,300,000$11,300,000$11,300,000
62$12,454,997$11,856,097$11,680,947$13,129,624
63$13,688,210$12,399,849$12,035,062$14,131,274
64$15,046,038$12,969,073$12,399,867$15,219,588
65$16,541,157$13,564,980$12,775,686$16,406,223
66$18,187,530$14,188,839$13,162,847$17,700,728
67$20,000,548$14,841,982$13,561,692$19,113,607
68$21,997,168$15,525,803$13,972,572$20,656,415
69$24,196,074$16,241,762$14,395,848$22,341,865
70$26,617,857$16,991,392$14,831,893$24,183,946
71$29,285,207$17,776,299$15,281,089$26,198,050
72$32,223,124$18,598,164$15,743,832$28,401,116
73$35,459,160$19,458,751$16,220,528$30,811,785
74$39,023,674$20,359,909$16,711,595$33,450,576
75$42,950,120$21,303,576$17,217,465$36,340,072
76$47,275,364$22,291,783$17,738,582$39,505,134
77$52,040,029$23,326,658$18,275,402$42,973,129
78$57,288,881$24,410,434$18,828,397$46,774,183
79$63,071,250$25,545,448$19,398,052$50,941,465
80$69,441,496$26,734,154$19,984,865$55,511,496
81$76,459,522$27,979,121$20,589,352$60,524,486
82$84,191,340$29,283,044$21,212,041$66,024,709
83$92,709,690$30,648,747$21,853,478$72,060,921
84$102,094,733$32,079,190$22,514,224$78,686,811
85$112,434,804$33,577,478$23,194,859$85,961,502
86$123,827,243$35,146,864$23,895,976$93,950,107
87$136,379,320$36,790,759$24,618,189$102,724,335
88$150,209,243$38,512,737$25,362,130$112,363,165
89$165,447,273$40,316,549$26,128,449$122,953,581
90$182,236,958$42,206,123$26,917,815$134,591,391
91$200,736,484$44,185,580$27,730,918$147,382,123
92$221,120,169$46,259,237$28,568,468$161,442,014
93$243,580,110$48,431,623$29,431,195$176,899,098
94$268,327,994$50,707,485$30,319,853$193,894,411
95$295,597,098$53,091,800$31,235,217$212,583,312
96$325,644,489$55,589,786$32,178,083$233,136,941
97$358,753,453$58,206,912$33,149,276$255,743,826
98$395,236,168$60,948,913$34,149,639$280,611,655
99$435,436,651$63,821,804$35,180,046$307,969,226
100$479,734,005$66,831,887$36,241,393$338,068,595