Can I retire at age 62 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$949,659$941,200$932,947$924,892$917,026$909,343
2 years$470,128$461,373$452,887$444,660$436,679$428,935
3 years$310,306$301,512$293,048$284,898$277,047$269,483
4 years$230,410$221,643$213,264$205,253$197,592$190,266
5 years$182,485$173,771$165,501$157,654$150,207$143,139
6 years$150,546$141,897$133,750$126,077$118,853$112,054
7 years$127,741$119,165$111,147$103,655$96,660$90,132
8 years$110,645$102,146$94,261$86,953$80,188$73,932
9 years$97,355$88,937$81,187$74,065$67,530$61,543
10 years$86,729$78,393$70,781$63,845$57,539$51,818
11 years$78,041$69,789$62,314$55,564$49,486$44,026
12 years$70,806$62,639$55,302$48,737$42,883$37,680
13 years$64,689$56,607$49,409$43,028$37,395$32,443
14 years$59,451$51,454$44,394$38,195$32,780$28,073
15 years$54,914$47,005$40,082$34,063$28,862$24,392
16 years$50,949$43,126$36,340$30,500$25,509$21,270
17 years$47,454$39,717$33,068$27,404$22,618$18,602
18 years$44,351$36,701$30,187$24,697$20,111$16,311
19 years$41,578$34,014$27,635$22,315$17,925$14,334
20 years$39,085$31,607$25,362$20,211$16,011$12,621
21 years$36,832$29,441$23,328$18,343$14,328$11,130
22 years$34,787$27,482$21,500$16,678$12,843$9,830
23 years$32,923$25,703$19,852$15,189$11,529$8,693
24 years$31,216$24,082$18,359$13,853$10,362$7,696
25 years$29,649$22,600$17,005$12,651$9,324$6,820
26 years$28,204$21,240$15,771$11,568$8,399$6,049
27 years$26,869$19,990$14,645$10,588$7,572$5,369
28 years$25,631$18,836$13,614$9,701$6,833$4,768
29 years$24,481$17,770$12,669$8,896$6,170$4,238
30 years$23,409$16,782$11,801$8,164$5,575$3,768
31 years$22,408$15,864$11,002$7,498$5,040$3,352
32 years$21,472$15,011$10,265$6,891$4,559$2,983
33 years$20,595$14,215$9,584$6,337$4,126$2,656
34 years$19,771$13,473$8,955$5,831$3,736$2,365
35 years$18,995$12,779$8,372$5,367$3,384$2,107
36 years$18,265$12,129$7,832$4,943$3,066$1,877
37 years$17,575$11,520$7,331$4,555$2,779$1,673
38 years$16,923$10,948$6,865$4,198$2,519$1,491
39 years$16,307$10,410$6,432$3,871$2,284$1,329
40 years$15,722$9,905$6,028$3,570$2,072$1,185
41 years$15,168$9,428$5,653$3,294$1,880$1,057
42 years$14,641$8,979$5,302$3,040$1,706$943
43 years$14,140$8,555$4,976$2,806$1,548$841
44 years$13,664$8,155$4,670$2,591$1,405$750
45 years$13,209$7,777$4,385$2,393$1,276$670
46 years$12,776$7,419$4,119$2,210$1,158$597
47 years$12,363$7,080$3,870$2,042$1,052$533
48 years$11,967$6,758$3,636$1,887$955$476
49 years$11,590$6,454$3,418$1,744$867$425
50 years$11,228$6,165$3,213$1,612$788$379

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,500,000, adding $5,099 every year, while hoping to spend $39,348 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: 77/10/13 Blend
61$11,500,000$11,500,000$11,500,000$11,500,000
62$12,678,260$12,068,760$11,890,510$13,621,111
63$13,929,576$12,618,263$12,246,976$14,792,576
64$15,307,208$13,193,373$12,614,065$16,071,317
65$16,823,998$13,795,303$12,992,091$17,472,426
66$18,494,098$14,425,325$13,381,378$19,008,087
67$20,333,100$15,084,770$13,782,258$20,691,718
68$22,358,188$15,775,035$14,195,075$22,538,090
69$24,588,295$16,497,584$14,620,182$24,563,470
70$27,044,284$17,253,948$15,057,941$26,785,772
71$29,749,145$18,045,736$15,508,726$29,224,723
72$32,728,212$18,874,631$15,972,923$31,902,047
73$36,009,400$19,742,399$16,450,926$34,841,671
74$39,623,472$20,650,889$16,943,145$38,069,945
75$43,604,324$21,602,040$17,449,998$41,615,894
76$47,989,309$22,597,885$17,971,917$45,511,484
77$52,819,589$23,640,551$18,509,347$49,791,925
78$58,140,522$24,732,273$19,062,745$54,496,002
79$64,002,090$25,875,389$19,632,582$59,666,434
80$70,459,371$27,072,352$20,219,342$65,350,282
81$77,573,062$28,325,732$20,823,524$71,599,383
82$85,410,044$29,638,222$21,445,642$78,470,843
83$94,044,020$31,012,647$22,086,223$86,027,569
84$103,556,211$32,451,967$22,745,812$94,338,862
85$114,036,115$33,959,284$23,424,967$103,481,067
86$125,582,360$35,537,851$24,124,265$113,538,293
87$138,303,631$37,191,076$24,844,298$124,603,200
88$152,319,695$38,922,532$25,585,676$136,777,872
89$167,762,535$40,735,967$26,349,027$150,174,780
90$184,777,590$42,635,306$27,134,996$164,917,834
91$203,525,134$44,624,666$27,944,248$181,143,554
92$224,181,785$46,708,362$28,777,468$199,002,351
93$246,942,173$48,890,918$29,635,359$218,659,947
94$272,020,777$51,177,074$30,518,645$240,298,931
95$299,653,948$53,571,804$31,428,072$264,120,478
96$330,102,146$56,080,317$32,364,407$290,346,248
97$363,652,389$58,708,077$33,328,440$319,220,469
98$400,620,972$61,460,812$34,320,982$351,012,238
99$441,356,446$64,344,526$35,342,869$386,018,056
100$486,242,910$67,365,515$36,394,962$424,564,626