Can I retire at age 62 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$982,691$973,938$965,398$957,062$948,923$926,736
2 years$486,481$477,420$468,640$460,126$451,868$429,641
3 years$321,099$311,999$303,241$294,807$286,684$265,111
4 years$238,424$229,353$220,682$212,392$204,465$183,713
5 years$188,832$179,815$171,258$163,137$155,431$135,558
6 years$155,782$146,833$138,402$130,462$122,987$104,013
7 years$132,184$123,310$115,013$107,260$100,022$81,950
8 years$114,493$105,699$97,540$89,978$82,978$65,800
9 years$100,741$92,030$84,011$76,641$69,879$53,583
10 years$89,746$81,120$73,243$66,065$59,541$44,108
11 years$80,756$72,217$64,482$57,497$51,207$36,616
12 years$73,269$64,818$57,226$50,432$44,375$30,603
13 years$66,939$58,576$51,128$44,524$38,696$25,716
14 years$61,518$53,244$45,938$39,524$33,920$21,706
15 years$56,825$48,640$41,476$35,248$29,866$18,388
16 years$52,721$44,626$37,604$31,561$26,396$15,625
17 years$49,105$41,099$34,218$28,357$23,404$13,311
18 years$45,894$37,977$31,237$25,556$20,810$11,364
19 years$43,024$35,197$28,596$23,092$18,548$9,719
20 years$40,444$32,707$26,244$20,914$16,568$8,324
21 years$38,113$30,465$24,139$18,981$14,826$7,139
22 years$35,997$28,438$22,248$17,258$13,290$6,130
23 years$34,068$26,597$20,542$15,717$11,930$5,268
24 years$32,302$24,920$18,998$14,335$10,723$4,531
25 years$30,680$23,386$17,596$13,091$9,649$3,899
26 years$29,185$21,979$16,319$11,970$8,691$3,358
27 years$27,803$20,685$15,154$10,957$7,836$2,893
28 years$26,523$19,491$14,088$10,039$7,070$2,494
29 years$25,332$18,388$13,110$9,206$6,384$2,151
30 years$24,223$17,365$12,211$8,448$5,769$1,855
31 years$23,188$16,416$11,384$7,759$5,215$1,601
32 years$22,219$15,533$10,622$7,131$4,718$1,381
33 years$21,311$14,710$9,917$6,557$4,270$1,192
34 years$20,458$13,942$9,266$6,033$3,866$1,029
35 years$19,656$13,223$8,663$5,554$3,501$889
36 years$18,900$12,551$8,104$5,115$3,172$768
37 years$18,186$11,921$7,586$4,713$2,875$663
38 years$17,512$11,329$7,104$4,344$2,607$573
39 years$16,874$10,773$6,655$4,005$2,364$495
40 years$16,269$10,249$6,238$3,694$2,144$427
41 years$15,695$9,756$5,849$3,409$1,945$369
42 years$15,150$9,292$5,487$3,146$1,765$319
43 years$14,632$8,853$5,149$2,904$1,602$276
44 years$14,139$8,439$4,833$2,681$1,454$238
45 years$13,669$8,047$4,538$2,476$1,320$206
46 years$13,221$7,677$4,262$2,287$1,198$178
47 years$12,793$7,326$4,004$2,113$1,088$154
48 years$12,384$6,994$3,763$1,953$988$133
49 years$11,993$6,678$3,537$1,805$898$115
50 years$11,619$6,379$3,325$1,668$815$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,900,000, adding $6,258 every year, while hoping to spend $42,544 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: 72/14/14 Blend
61$11,900,000$11,900,000$11,900,000$11,900,000
62$13,120,255$12,489,555$12,305,105$14,024,228
63$14,413,255$13,056,277$12,672,060$15,190,865
64$15,836,714$13,649,342$13,049,881$16,462,181
65$17,403,896$14,269,997$13,438,889$17,853,205
66$19,129,413$14,919,546$13,839,412$19,375,773
67$21,029,368$15,599,359$14,251,787$21,042,910
68$23,121,504$16,310,868$14,676,362$22,868,955
69$25,425,373$17,055,576$15,113,496$24,869,695
70$27,962,519$17,835,057$15,563,556$27,062,508
71$30,756,682$18,650,961$16,026,921$29,466,528
72$33,834,022$19,505,017$16,503,982$32,102,820
73$37,223,366$20,399,036$16,995,139$34,994,583
74$40,956,479$21,334,919$17,500,806$38,167,358
75$45,068,364$22,314,654$18,021,406$41,649,272
76$49,597,592$23,340,327$18,557,379$45,471,299
77$54,586,668$24,414,124$19,109,172$49,667,549
78$60,082,428$25,538,336$19,677,249$54,275,589
79$66,136,485$26,715,364$20,262,086$59,336,791
80$72,805,713$27,947,724$20,864,174$64,896,723
81$80,152,788$29,238,054$21,484,015$71,005,574
82$88,246,772$30,589,118$22,122,129$77,718,623
83$97,163,772$32,003,814$22,779,049$85,096,757
84$106,987,654$33,485,179$23,455,325$93,207,048
85$117,810,838$35,036,395$24,151,522$102,123,371
86$129,735,165$36,660,801$24,868,220$111,927,109
87$142,872,864$38,361,892$25,606,017$122,707,906
88$157,347,607$40,143,335$26,365,529$134,564,517
89$173,295,677$42,008,973$27,147,388$147,605,732
90$190,867,256$43,962,833$27,952,247$161,951,396
91$210,227,843$46,009,138$28,780,773$177,733,540
92$231,559,811$48,152,314$29,633,657$195,097,616
93$255,064,135$50,397,001$30,511,608$214,203,871
94$280,962,285$52,748,062$31,415,355$235,228,846
95$309,498,316$55,210,595$32,345,648$258,367,043
96$340,941,176$57,789,946$33,303,259$283,832,753
97$375,587,240$60,491,717$34,288,982$311,862,069
98$413,763,109$63,321,782$35,303,633$342,715,112
99$455,828,695$66,286,298$36,348,053$376,678,475
100$502,180,616$69,391,720$37,423,107$414,067,925