Can I retire at age 62 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$974,433$965,753$957,285$949,019$940,949$927,270
2 years$482,393$473,408$464,701$456,259$448,071$434,318
3 years$318,401$309,378$300,693$292,330$284,274$270,876
4 years$236,421$227,425$218,827$210,607$202,747$189,806
5 years$187,245$178,304$169,819$161,766$154,125$141,679
6 years$154,473$145,599$137,239$129,366$121,954$110,017
7 years$131,073$122,274$114,046$106,359$99,181$87,757
8 years$113,531$104,811$96,720$89,222$82,280$71,368
9 years$99,894$91,257$83,305$75,997$69,292$58,886
10 years$88,992$80,438$72,627$65,510$59,040$49,133
11 years$80,077$71,610$63,940$57,014$50,777$41,358
12 years$72,653$64,273$56,745$50,009$44,002$35,061
13 years$66,377$58,084$50,698$44,150$38,370$29,895
14 years$61,001$52,797$45,552$39,192$33,635$25,612
15 years$56,347$48,231$41,128$34,952$29,615$22,029
16 years$52,278$44,251$37,288$31,296$26,174$19,011
17 years$48,692$40,753$33,931$28,119$23,208$16,453
18 years$45,508$37,658$30,974$25,341$20,635$14,273
19 years$42,662$34,901$28,356$22,898$18,393$12,407
20 years$40,104$32,432$26,023$20,738$16,429$10,804
21 years$37,793$30,209$23,936$18,821$14,702$9,422
22 years$35,695$28,199$22,061$17,113$13,178$8,228
23 years$33,782$26,374$20,370$15,585$11,829$7,193
24 years$32,031$24,711$18,838$14,214$10,633$6,294
25 years$30,422$23,190$17,448$12,981$9,568$5,513
26 years$28,940$21,795$16,182$11,870$8,618$4,832
27 years$27,570$20,511$15,027$10,864$7,770$4,237
28 years$26,300$19,328$13,969$9,954$7,011$3,719
29 years$25,119$18,233$13,000$9,128$6,331$3,265
30 years$24,020$17,219$12,109$8,377$5,720$2,867
31 years$22,993$16,278$11,289$7,694$5,172$2,520
32 years$22,033$15,402$10,532$7,071$4,678$2,215
33 years$21,132$14,586$9,834$6,502$4,234$1,947
34 years$20,286$13,825$9,188$5,983$3,833$1,712
35 years$19,491$13,112$8,591$5,507$3,472$1,506
36 years$18,741$12,446$8,036$5,072$3,146$1,325
37 years$18,034$11,820$7,522$4,673$2,851$1,166
38 years$17,365$11,234$7,044$4,308$2,585$1,026
39 years$16,732$10,682$6,599$3,972$2,344$903
40 years$16,132$10,163$6,186$3,663$2,126$795
41 years$15,564$9,674$5,800$3,380$1,929$700
42 years$15,023$9,213$5,441$3,119$1,750$616
43 years$14,509$8,779$5,105$2,879$1,588$543
44 years$14,020$8,368$4,792$2,659$1,442$478
45 years$13,554$7,979$4,500$2,455$1,309$421
46 years$13,109$7,612$4,226$2,268$1,188$371
47 years$12,685$7,264$3,971$2,095$1,079$326
48 years$12,280$6,935$3,731$1,936$980$288
49 years$11,892$6,622$3,507$1,789$890$253
50 years$11,521$6,326$3,297$1,654$808$223

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,800,000, adding $4,994 every year, while hoping to spend $49,599 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: 27/47/26 Blend
61$11,800,000$11,800,000$11,800,000$11,800,000
62$13,008,751$12,383,351$12,200,451$13,254,065
63$14,282,871$12,937,363$12,556,393$14,005,390
64$15,685,289$13,516,858$12,922,597$14,806,875
65$17,229,038$14,123,034$13,299,354$15,666,406
66$18,928,481$14,757,144$13,686,964$16,588,952
67$20,799,443$15,420,501$14,085,734$17,579,955
68$22,859,361$16,114,480$14,495,981$18,645,365
69$25,127,450$16,840,524$14,918,030$19,791,697
70$27,624,881$17,600,141$15,352,216$21,026,085
71$30,374,985$18,394,914$15,798,881$22,356,344
72$33,403,469$19,226,500$16,258,379$23,791,034
73$36,738,660$20,096,636$16,731,072$25,339,538
74$40,411,775$21,007,142$17,217,334$27,012,141
75$44,457,209$21,959,925$17,717,548$28,820,121
76$48,912,865$22,956,983$18,232,107$30,775,846
77$53,820,511$24,000,408$18,761,416$32,892,885
78$59,226,170$25,092,395$19,305,890$35,186,125
79$65,180,559$26,235,242$19,865,957$37,671,905
80$71,739,565$27,431,359$20,442,057$40,368,158
81$78,964,774$28,683,269$21,034,639$43,294,576
82$86,924,049$29,993,617$21,644,167$46,472,778
83$95,692,173$31,365,175$22,271,118$49,926,511
84$105,351,555$32,800,849$22,915,981$53,681,858
85$115,993,006$34,303,682$23,579,258$57,767,475
86$127,716,595$35,876,866$24,261,466$62,214,850
87$140,632,599$37,523,743$24,963,135$67,058,584
88$154,862,535$39,247,817$25,684,812$72,336,709
89$170,540,315$41,052,762$26,427,054$78,091,029
90$187,813,506$42,942,426$27,190,439$84,367,505
91$206,844,721$44,920,843$27,975,557$91,216,668
92$227,813,159$46,992,240$28,783,014$98,694,085
93$250,916,291$49,161,050$29,613,435$106,860,864
94$276,371,728$51,431,916$30,467,461$115,784,215
95$304,419,272$53,809,708$31,345,748$125,538,066
96$335,323,180$56,299,526$32,248,973$136,203,741
97$369,374,661$58,906,719$33,177,830$147,870,711
98$406,894,621$61,636,893$34,133,032$160,637,413
99$448,236,695$64,495,924$35,115,311$174,612,161
100$493,790,584$67,489,970$36,125,420$189,914,147