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%13.8%
1 years$974,433$965,753$957,285$949,019$940,949$926,123
2 years$482,393$473,408$464,701$456,259$448,071$433,173
3 years$318,401$309,378$300,693$292,330$284,274$269,767
4 years$236,421$227,425$218,827$210,607$202,747$188,743
5 years$187,245$178,304$169,819$161,766$154,125$140,664
6 years$154,473$145,599$137,239$129,366$121,954$109,052
7 years$131,073$122,274$114,046$106,359$99,181$86,842
8 years$113,531$104,811$96,720$89,222$82,280$70,502
9 years$99,894$91,257$83,305$75,997$69,292$58,068
10 years$88,992$80,438$72,627$65,510$59,040$48,362
11 years$80,077$71,610$63,940$57,014$50,777$40,633
12 years$72,653$64,273$56,745$50,009$44,002$34,380
13 years$66,377$58,084$50,698$44,150$38,370$29,256
14 years$61,001$52,797$45,552$39,192$33,635$25,014
15 years$56,347$48,231$41,128$34,952$29,615$21,471
16 years$52,278$44,251$37,288$31,296$26,174$18,491
17 years$48,692$40,753$33,931$28,119$23,208$15,968
18 years$45,508$37,658$30,974$25,341$20,635$13,823
19 years$42,662$34,901$28,356$22,898$18,393$11,989
20 years$40,104$32,432$26,023$20,738$16,429$10,417
21 years$37,793$30,209$23,936$18,821$14,702$9,064
22 years$35,695$28,199$22,061$17,113$13,178$7,897
23 years$33,782$26,374$20,370$15,585$11,829$6,888
24 years$32,031$24,711$18,838$14,214$10,633$6,013
25 years$30,422$23,190$17,448$12,981$9,568$5,254
26 years$28,940$21,795$16,182$11,870$8,618$4,594
27 years$27,570$20,511$15,027$10,864$7,770$4,019
28 years$26,300$19,328$13,969$9,954$7,011$3,519
29 years$25,119$18,233$13,000$9,128$6,331$3,082
30 years$24,020$17,219$12,109$8,377$5,720$2,700
31 years$22,993$16,278$11,289$7,694$5,172$2,366
32 years$22,033$15,402$10,532$7,071$4,678$2,075
33 years$21,132$14,586$9,834$6,502$4,234$1,820
34 years$20,286$13,825$9,188$5,983$3,833$1,596
35 years$19,491$13,112$8,591$5,507$3,472$1,401
36 years$18,741$12,446$8,036$5,072$3,146$1,229
37 years$18,034$11,820$7,522$4,673$2,851$1,079
38 years$17,365$11,234$7,044$4,308$2,585$947
39 years$16,732$10,682$6,599$3,972$2,344$831
40 years$16,132$10,163$6,186$3,663$2,126$730
41 years$15,564$9,674$5,800$3,380$1,929$641
42 years$15,023$9,213$5,441$3,119$1,750$563
43 years$14,509$8,779$5,105$2,879$1,588$494
44 years$14,020$8,368$4,792$2,659$1,442$434
45 years$13,554$7,979$4,500$2,455$1,309$381
46 years$13,109$7,612$4,226$2,268$1,188$335
47 years$12,685$7,264$3,971$2,095$1,079$294
48 years$12,280$6,935$3,731$1,936$980$259
49 years$11,892$6,622$3,507$1,789$890$227
50 years$11,521$6,326$3,297$1,654$808$200

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 $5,872 every year, while hoping to spend $53,480 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: 47/47/6 Blend
61$11,800,000$11,800,000$11,800,000$11,800,000
62$13,009,657$12,384,257$12,201,357$13,600,196
63$14,279,740$12,934,183$12,553,200$14,555,565
64$15,677,578$13,509,264$12,915,038$15,585,662
65$17,216,148$14,110,674$13,287,148$16,702,272
66$18,909,744$14,739,646$13,669,816$17,913,424
67$20,774,120$15,397,471$14,063,337$19,227,932
68$22,826,633$16,085,500$14,468,012$20,655,471
69$25,086,410$16,805,149$14,884,150$22,206,666
70$27,574,524$17,557,902$15,312,070$23,893,183
71$30,314,199$18,345,313$15,752,098$25,727,836
72$33,331,024$19,169,010$16,204,570$27,724,703
73$36,653,196$20,030,699$16,669,830$29,899,251
74$40,311,785$20,932,166$17,148,233$32,268,475
75$44,341,029$21,875,284$17,640,140$34,851,054
76$48,778,655$22,862,014$18,145,926$37,667,519
77$53,666,236$23,894,411$18,665,973$40,740,439
78$59,049,584$24,974,629$19,200,675$44,094,629
79$64,979,179$26,104,923$19,750,435$47,757,371
80$71,510,648$27,287,658$20,315,668$51,758,669
81$78,705,291$28,525,309$20,896,799$56,131,520
82$86,630,655$29,820,474$21,494,266$60,912,215
83$95,361,175$31,175,870$22,108,517$66,140,677
84$104,978,875$32,594,348$22,740,012$71,860,823
85$115,574,142$34,078,893$23,389,225$78,120,969
86$127,246,580$35,632,634$24,056,640$84,974,279
87$140,105,950$37,258,852$24,742,755$92,479,247
88$154,273,201$38,960,980$25,448,083$100,700,247
89$169,881,621$40,742,621$26,173,146$109,708,119
90$187,078,084$42,607,548$26,918,485$119,580,832
91$206,024,446$44,559,715$27,684,651$130,404,200
92$226,899,066$46,603,267$28,472,213$142,272,681
93$249,898,490$48,742,547$29,281,752$155,290,253
94$275,239,311$50,982,106$30,113,866$169,571,379
95$303,160,208$53,326,717$30,969,167$185,242,071
96$333,924,200$55,781,377$31,848,285$202,441,061
97$367,821,132$58,351,328$32,751,866$221,321,096
98$405,170,406$61,042,061$33,680,572$242,050,355
99$446,323,998$63,859,333$34,635,082$264,814,023
100$491,669,782$66,809,177$35,616,094$289,816,012