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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$974,433$965,753$957,285$949,019$940,949$912,290
2 years$482,393$473,408$464,701$456,259$448,071$419,444
3 years$318,401$309,378$300,693$292,330$284,274$256,576
4 years$236,421$227,425$218,827$210,607$202,747$176,191
5 years$187,245$178,304$169,819$161,766$154,125$128,782
6 years$154,473$145,599$137,239$129,366$121,954$97,847
7 years$131,073$122,274$114,046$106,359$99,181$76,308
8 years$113,531$104,811$96,720$89,222$82,280$60,627
9 years$99,894$91,257$83,305$75,997$69,292$48,836
10 years$88,992$80,438$72,627$65,510$59,040$39,751
11 years$80,077$71,610$63,940$57,014$50,777$32,621
12 years$72,653$64,273$56,745$50,009$44,002$26,943
13 years$66,377$58,084$50,698$44,150$38,370$22,368
14 years$61,001$52,797$45,552$39,192$33,635$18,647
15 years$56,347$48,231$41,128$34,952$29,615$15,599
16 years$52,278$44,251$37,288$31,296$26,174$13,085
17 years$48,692$40,753$33,931$28,119$23,208$11,002
18 years$45,508$37,658$30,974$25,341$20,635$9,268
19 years$42,662$34,901$28,356$22,898$18,393$7,820
20 years$40,104$32,432$26,023$20,738$16,429$6,607
21 years$37,793$30,209$23,936$18,821$14,702$5,589
22 years$35,695$28,199$22,061$17,113$13,178$4,732
23 years$33,782$26,374$20,370$15,585$11,829$4,009
24 years$32,031$24,711$18,838$14,214$10,633$3,399
25 years$30,422$23,190$17,448$12,981$9,568$2,884
26 years$28,940$21,795$16,182$11,870$8,618$2,448
27 years$27,570$20,511$15,027$10,864$7,770$2,079
28 years$26,300$19,328$13,969$9,954$7,011$1,766
29 years$25,119$18,233$13,000$9,128$6,331$1,500
30 years$24,020$17,219$12,109$8,377$5,720$1,275
31 years$22,993$16,278$11,289$7,694$5,172$1,084
32 years$22,033$15,402$10,532$7,071$4,678$921
33 years$21,132$14,586$9,834$6,502$4,234$784
34 years$20,286$13,825$9,188$5,983$3,833$666
35 years$19,491$13,112$8,591$5,507$3,472$567
36 years$18,741$12,446$8,036$5,072$3,146$482
37 years$18,034$11,820$7,522$4,673$2,851$410
38 years$17,365$11,234$7,044$4,308$2,585$349
39 years$16,732$10,682$6,599$3,972$2,344$297
40 years$16,132$10,163$6,186$3,663$2,126$253
41 years$15,564$9,674$5,800$3,380$1,929$215
42 years$15,023$9,213$5,441$3,119$1,750$183
43 years$14,509$8,779$5,105$2,879$1,588$156
44 years$14,020$8,368$4,792$2,659$1,442$132
45 years$13,554$7,979$4,500$2,455$1,309$113
46 years$13,109$7,612$4,226$2,268$1,188$96
47 years$12,685$7,264$3,971$2,095$1,079$82
48 years$12,280$6,935$3,731$1,936$980$69
49 years$11,892$6,622$3,507$1,789$890$59
50 years$11,521$6,326$3,297$1,654$808$50

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 $3,514 every year, while hoping to spend $36,661 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: 57/22/21 Blend
61$11,800,000$11,800,000$11,800,000$11,800,000
62$13,007,225$12,381,825$12,198,925$13,675,154
63$14,294,955$12,949,527$12,568,582$14,698,510
64$15,712,804$13,543,818$12,949,393$15,809,011
65$17,274,007$14,165,962$13,341,695$17,018,483
66$18,993,145$14,817,284$13,745,831$18,336,465
67$20,886,287$15,499,172$14,162,157$19,773,449
68$22,971,138$16,213,081$14,591,040$21,340,972
69$25,267,209$16,960,537$15,032,855$23,051,722
70$27,796,000$17,743,138$15,487,990$24,919,658
71$30,581,200$18,562,561$15,956,846$26,960,134
72$33,648,917$19,420,560$16,439,835$29,190,043
73$37,027,915$20,318,977$16,937,378$31,627,972
74$40,749,897$21,259,740$17,449,914$34,294,372
75$44,849,792$22,244,873$17,977,892$37,211,750
76$49,366,093$23,276,495$18,521,774$40,404,875
77$54,341,219$24,356,827$19,082,038$43,901,006
78$59,821,910$25,488,199$19,659,173$47,730,148
79$65,859,676$26,673,051$20,253,686$51,925,329
80$72,511,275$27,913,943$20,866,097$56,522,905
81$79,839,256$29,213,557$21,496,942$61,562,902
82$87,912,543$30,574,705$22,146,773$67,089,381
83$96,807,091$32,000,334$22,816,158$73,150,857
84$106,606,598$33,493,534$23,505,683$79,800,745
85$117,403,298$35,057,544$24,215,950$87,097,858
86$129,298,830$36,695,759$24,947,581$95,106,959
87$142,405,200$38,411,740$25,701,213$103,899,363
88$156,845,832$40,209,217$26,477,506$113,553,603
89$172,756,741$42,092,103$27,277,136$124,156,164
90$190,287,810$44,064,497$28,100,802$135,802,292
91$209,604,210$46,130,701$28,949,222$148,596,886
92$230,887,954$48,295,220$29,823,136$162,655,478
93$254,339,620$50,562,781$30,723,306$178,105,313
94$280,180,241$52,938,336$31,650,516$195,086,544
95$308,653,391$55,427,080$32,605,573$213,753,546
96$340,027,487$58,034,458$33,589,311$234,276,359
97$374,598,322$60,766,177$34,602,584$256,842,285
98$412,691,855$63,628,224$35,646,275$281,657,645
99$454,667,291$66,626,874$36,721,291$308,949,716
100$500,920,468$69,768,704$37,828,568$338,968,861