Can I retire at age 62 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$966,175$957,569$949,172$940,977$932,974$913,018
2 years$478,304$469,397$460,763$452,393$444,274$424,265
3 years$315,702$306,756$298,144$289,852$281,865$262,429
4 years$234,417$225,498$216,973$208,822$201,029$182,314
5 years$185,659$176,793$168,380$160,396$152,819$134,880
6 years$153,164$144,365$136,076$128,270$120,920$103,775
7 years$129,962$121,237$113,080$105,458$98,341$81,993
8 years$112,569$103,923$95,901$88,466$81,583$66,027
9 years$99,048$90,484$82,599$75,353$68,705$53,930
10 years$88,237$79,757$72,012$64,955$58,540$44,531
11 years$79,398$71,003$63,398$56,530$50,346$37,085
12 years$72,038$63,728$56,264$49,585$43,629$31,096
13 years$65,814$57,592$50,268$43,776$38,045$26,218
14 years$60,484$52,349$45,166$38,859$33,350$22,205
15 years$55,870$47,822$40,779$34,656$29,364$18,876
16 years$51,835$43,876$36,972$31,030$25,952$16,097
17 years$48,280$40,408$33,643$27,881$23,011$13,762
18 years$45,122$37,339$30,712$25,126$20,460$11,792
19 years$42,301$34,605$28,115$22,704$18,237$10,123
20 years$39,765$32,157$25,803$20,562$16,289$8,703
21 years$37,473$29,953$23,734$18,662$14,577$7,493
22 years$35,392$27,960$21,874$16,968$13,066$6,458
23 years$33,495$26,150$20,197$15,453$11,729$5,572
24 years$31,759$24,501$18,679$14,094$10,542$4,811
25 years$30,164$22,993$17,300$12,871$9,487$4,157
26 years$28,695$21,610$16,045$11,769$8,545$3,595
27 years$27,336$20,337$14,899$10,772$7,704$3,110
28 years$26,077$19,164$13,851$9,870$6,952$2,692
29 years$24,906$18,079$12,889$9,051$6,277$2,330
30 years$23,816$17,074$12,006$8,306$5,672$2,018
31 years$22,798$16,140$11,193$7,629$5,128$1,749
32 years$21,846$15,272$10,443$7,011$4,638$1,516
33 years$20,953$14,463$9,751$6,447$4,198$1,314
34 years$20,114$13,707$9,111$5,932$3,801$1,139
35 years$19,326$13,001$8,518$5,461$3,442$988
36 years$18,582$12,340$7,968$5,029$3,119$856
37 years$17,881$11,720$7,458$4,634$2,827$743
38 years$17,218$11,138$6,984$4,271$2,563$644
39 years$16,590$10,592$6,543$3,938$2,324$559
40 years$15,996$10,077$6,133$3,632$2,108$485
41 years$15,432$9,592$5,751$3,351$1,912$421
42 years$14,896$9,135$5,395$3,093$1,735$365
43 years$14,386$8,704$5,062$2,855$1,575$317
44 years$13,901$8,297$4,752$2,636$1,430$275
45 years$13,439$7,912$4,462$2,435$1,298$239
46 years$12,998$7,548$4,190$2,249$1,178$207
47 years$12,578$7,203$3,937$2,078$1,070$180
48 years$12,176$6,876$3,700$1,920$972$156
49 years$11,791$6,566$3,477$1,774$883$135
50 years$11,423$6,272$3,269$1,640$802$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,700,000, adding $3,625 every year, while hoping to spend $47,437 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: 65/15/20 Blend
61$11,700,000$11,700,000$11,700,000$11,700,000
62$12,897,139$12,277,039$12,095,689$13,669,891
63$14,162,175$12,828,142$12,450,422$14,740,432
64$15,554,654$13,404,658$12,815,449$15,904,158
65$17,087,526$14,007,784$13,191,064$17,174,828
66$18,775,060$14,638,771$13,577,570$18,562,921
67$20,632,977$15,298,932$13,975,280$20,079,970
68$22,678,602$15,989,641$14,384,513$21,738,667
69$24,931,024$16,712,338$14,805,599$23,552,981
70$27,411,278$17,468,532$15,238,876$25,538,286
71$30,142,542$18,259,804$15,684,692$27,711,507
72$33,150,358$19,087,811$16,143,406$30,091,272
73$36,462,869$19,954,288$16,615,385$32,698,091
74$40,111,089$20,861,055$17,101,007$35,554,542
75$44,129,190$21,810,017$17,600,661$38,685,486
76$48,554,831$22,803,172$18,114,747$42,118,292
77$53,429,508$23,842,611$18,643,675$45,883,100
78$58,798,948$24,930,529$19,187,868$50,013,095
79$64,713,539$26,069,223$19,747,760$54,544,824
80$71,228,807$27,261,102$20,323,797$59,518,529
81$78,405,939$28,508,690$20,916,438$64,978,531
82$86,312,359$29,814,630$21,526,153$70,973,641
83$95,022,368$31,181,696$22,153,428$77,557,617
84$104,617,842$32,612,791$22,798,760$84,789,665
85$115,189,005$34,110,961$23,462,661$92,735,000
86$126,835,281$35,679,395$24,145,658$101,465,449
87$139,666,233$37,321,439$24,848,290$111,060,129
88$153,802,595$39,040,595$25,571,114$121,606,191
89$169,377,413$40,840,538$26,314,700$133,199,632
90$186,537,302$42,725,117$27,079,636$145,946,197
91$205,443,827$44,698,368$27,866,523$159,962,376
92$226,275,028$46,764,519$28,675,983$175,376,494
93$249,227,104$48,928,003$29,508,651$192,329,917
94$274,516,260$51,193,467$30,365,182$210,978,379
95$302,380,752$53,565,780$31,246,249$231,493,449
96$333,083,132$56,050,047$32,152,543$254,064,139
97$366,912,731$58,651,619$33,084,772$278,898,685
98$404,188,386$61,376,104$34,043,668$306,226,505
99$445,261,449$64,229,382$35,029,979$336,300,352
100$490,519,110$67,217,614$36,044,476$369,398,700