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%19.5%
1 years$966,175$957,569$949,172$940,977$932,974$897,375
2 years$478,304$469,397$460,763$452,393$444,274$408,827
3 years$315,702$306,756$298,144$289,852$281,865$247,687
4 years$234,417$225,498$216,973$208,822$201,029$168,378
5 years$185,659$176,793$168,380$160,396$152,819$121,781
6 years$153,164$144,365$136,076$128,270$120,920$91,516
7 years$129,962$121,237$113,080$105,458$98,341$70,561
8 years$112,569$103,923$95,901$88,466$81,583$55,401
9 years$99,048$90,484$82,599$75,353$68,705$44,083
10 years$88,237$79,757$72,012$64,955$58,540$35,433
11 years$79,398$71,003$63,398$56,530$50,346$28,703
12 years$72,038$63,728$56,264$49,585$43,629$23,393
13 years$65,814$57,592$50,268$43,776$38,045$19,158
14 years$60,484$52,349$45,166$38,859$33,350$15,750
15 years$55,870$47,822$40,779$34,656$29,364$12,989
16 years$51,835$43,876$36,972$31,030$25,952$10,740
17 years$48,280$40,408$33,643$27,881$23,011$8,898
18 years$45,122$37,339$30,712$25,126$20,460$7,385
19 years$42,301$34,605$28,115$22,704$18,237$6,137
20 years$39,765$32,157$25,803$20,562$16,289$5,107
21 years$37,473$29,953$23,734$18,662$14,577$4,253
22 years$35,392$27,960$21,874$16,968$13,066$3,545
23 years$33,495$26,150$20,197$15,453$11,729$2,957
24 years$31,759$24,501$18,679$14,094$10,542$2,468
25 years$30,164$22,993$17,300$12,871$9,487$2,060
26 years$28,695$21,610$16,045$11,769$8,545$1,721
27 years$27,336$20,337$14,899$10,772$7,704$1,438
28 years$26,077$19,164$13,851$9,870$6,952$1,201
29 years$24,906$18,079$12,889$9,051$6,277$1,004
30 years$23,816$17,074$12,006$8,306$5,672$840
31 years$22,798$16,140$11,193$7,629$5,128$702
32 years$21,846$15,272$10,443$7,011$4,638$587
33 years$20,953$14,463$9,751$6,447$4,198$491
34 years$20,114$13,707$9,111$5,932$3,801$411
35 years$19,326$13,001$8,518$5,461$3,442$344
36 years$18,582$12,340$7,968$5,029$3,119$287
37 years$17,881$11,720$7,458$4,634$2,827$240
38 years$17,218$11,138$6,984$4,271$2,563$201
39 years$16,590$10,592$6,543$3,938$2,324$168
40 years$15,996$10,077$6,133$3,632$2,108$141
41 years$15,432$9,592$5,751$3,351$1,912$118
42 years$14,896$9,135$5,395$3,093$1,735$99
43 years$14,386$8,704$5,062$2,855$1,575$82
44 years$13,901$8,297$4,752$2,636$1,430$69
45 years$13,439$7,912$4,462$2,435$1,298$58
46 years$12,998$7,548$4,190$2,249$1,178$48
47 years$12,578$7,203$3,937$2,078$1,070$40
48 years$12,176$6,876$3,700$1,920$972$34
49 years$11,791$6,566$3,477$1,774$883$28
50 years$11,423$6,272$3,269$1,640$802$24

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 $4,340 every year, while hoping to spend $50,316 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: 69/23/8 Blend
61$11,700,000$11,700,000$11,700,000$11,700,000
62$12,897,877$12,277,777$12,096,427$13,769,302
63$14,159,924$12,825,852$12,448,121$14,895,142
64$15,549,014$13,399,096$12,809,911$16,119,740
65$17,078,052$13,998,690$13,182,081$17,457,971
66$18,761,257$14,625,870$13,564,925$18,920,972
67$20,614,299$15,281,931$13,958,743$20,520,992
68$22,654,441$15,968,230$14,363,845$22,271,514
69$24,900,709$16,686,188$14,780,549$24,187,372
70$27,374,065$17,437,295$15,209,181$26,284,892
71$30,097,608$18,223,110$15,650,077$28,582,043
72$33,096,791$19,045,270$16,103,581$31,098,603
73$36,399,661$19,905,486$16,570,049$33,856,339
74$40,037,125$20,805,552$17,049,843$36,879,216
75$44,043,238$21,747,351$17,543,339$40,193,614
76$48,455,527$22,732,850$18,050,920$43,828,575
77$53,315,347$23,764,115$18,572,982$47,816,075
78$58,668,264$24,843,309$19,109,929$52,191,318
79$64,564,494$25,972,698$19,662,178$56,993,067
80$71,059,369$27,154,657$20,230,158$62,264,006
81$78,213,865$28,391,676$20,814,309$68,051,135
82$86,095,172$29,686,360$21,415,081$74,406,212
83$94,777,332$31,041,445$22,032,939$81,386,235
84$104,341,937$32,459,793$22,668,359$89,053,976
85$114,878,897$33,944,405$23,321,832$97,478,564
86$126,487,291$35,498,427$23,993,859$106,736,137
87$139,276,299$37,125,154$24,684,958$116,910,554
88$153,366,236$38,828,042$25,395,659$128,094,176
89$168,889,685$40,610,709$26,126,506$140,388,736
90$185,992,749$42,476,949$26,878,060$153,906,289
91$204,836,430$44,430,740$27,650,895$168,770,264
92$225,598,146$46,476,247$28,445,601$185,116,623
93$248,473,413$48,617,839$29,262,785$203,095,134
94$273,677,681$50,860,093$30,103,068$222,870,779
95$301,448,374$53,207,806$30,967,089$244,625,301
96$332,047,127$55,666,009$31,855,507$268,558,909
97$365,762,261$58,239,970$32,768,993$294,892,165
98$402,911,498$60,935,214$33,708,240$323,868,048
99$443,844,963$63,757,532$34,673,959$355,754,244
100$488,948,492$66,712,994$35,666,879$390,845,658