Can I retire at age 62 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$999,207$990,306$981,623$973,147$964,871$947,328
2 years$494,657$485,444$476,516$467,859$459,462$441,851
3 years$326,495$317,243$308,337$299,762$291,502$274,370
4 years$242,431$233,207$224,391$215,962$207,902$191,382
5 years$192,006$182,837$174,136$165,879$158,043$142,183
6 years$158,400$149,300$140,728$132,655$125,054$109,871
7 years$134,405$125,382$116,946$109,063$101,703$87,201
8 years$116,417$107,476$99,179$91,490$84,372$70,548
9 years$102,434$93,577$85,423$77,929$71,054$57,899
10 years$91,254$82,484$74,474$67,176$60,541$48,044
11 years$82,113$73,430$65,565$58,463$52,067$40,214
12 years$74,500$65,907$58,188$51,280$45,121$33,894
13 years$68,064$59,561$51,987$45,273$39,346$28,729
14 years$62,552$54,139$46,710$40,188$34,490$24,465
15 years$57,780$49,457$42,173$35,841$30,368$20,913
16 years$53,608$45,376$38,236$32,091$26,839$17,935
17 years$49,930$41,789$34,793$28,834$23,798$15,422
18 years$46,665$38,615$31,762$25,985$21,160$13,291
19 years$43,747$35,788$29,077$23,480$18,860$11,478
20 years$41,124$33,256$26,685$21,265$16,846$9,928
21 years$38,754$30,977$24,545$19,300$15,076$8,599
22 years$36,602$28,916$22,622$17,548$13,513$7,458
23 years$34,641$27,044$20,887$15,981$12,130$6,474
24 years$32,845$25,339$19,317$14,576$10,903$5,626
25 years$31,196$23,779$17,892$13,311$9,811$4,892
26 years$29,676$22,349$16,594$12,171$8,837$4,257
27 years$28,271$21,033$15,409$11,141$7,968$3,707
28 years$26,968$19,819$14,324$10,207$7,189$3,229
29 years$25,758$18,697$13,330$9,360$6,492$2,814
30 years$24,630$17,657$12,416$8,590$5,866$2,454
31 years$23,578$16,692$11,576$7,890$5,303$2,140
32 years$22,593$15,794$10,800$7,251$4,797$1,867
33 years$21,669$14,957$10,084$6,668$4,341$1,629
34 years$20,802$14,176$9,422$6,135$3,931$1,422
35 years$19,986$13,446$8,809$5,647$3,560$1,241
36 years$19,218$12,762$8,241$5,201$3,226$1,084
37 years$18,492$12,121$7,713$4,792$2,924$946
38 years$17,806$11,519$7,223$4,417$2,650$827
39 years$17,158$10,954$6,767$4,073$2,403$722
40 years$16,543$10,421$6,343$3,757$2,180$631
41 years$15,959$9,920$5,948$3,466$1,978$551
42 years$15,405$9,448$5,579$3,199$1,795$481
43 years$14,878$9,002$5,235$2,953$1,629$421
44 years$14,377$8,581$4,914$2,726$1,478$368
45 years$13,899$8,182$4,614$2,518$1,342$321
46 years$13,443$7,806$4,334$2,326$1,219$281
47 years$13,008$7,449$4,071$2,149$1,107$245
48 years$12,592$7,111$3,826$1,985$1,005$214
49 years$12,194$6,791$3,596$1,835$913$187
50 years$11,814$6,487$3,381$1,696$829$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,100,000, adding $2,436 every year, while hoping to spend $39,947 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: 66/29/5 Blend
61$12,100,000$12,100,000$12,100,000$12,100,000
62$13,336,713$12,695,413$12,507,863$14,208,264
63$14,654,554$13,274,985$12,884,373$15,366,270
64$16,105,477$13,881,617$13,272,157$16,626,248
65$17,703,012$14,516,593$13,671,551$18,002,088
66$19,462,071$15,181,258$14,082,901$19,505,060
67$21,399,086$15,877,023$14,506,561$21,147,562
68$23,532,160$16,605,364$14,942,898$22,943,232
69$25,881,244$17,367,831$15,392,288$24,907,070
70$28,468,322$18,166,045$15,855,121$27,055,580
71$31,317,618$19,001,709$16,331,795$29,406,918
72$34,455,827$19,876,605$16,822,722$31,981,063
73$37,912,363$20,792,600$17,328,325$34,800,000
74$41,719,640$21,751,654$17,849,040$37,887,922
75$45,913,376$22,755,818$18,385,316$41,271,456
76$50,532,931$23,807,243$18,937,614$44,979,906
77$55,621,676$24,908,185$19,506,411$49,045,530
78$61,227,407$26,061,006$20,092,196$53,503,832
79$67,402,791$27,268,183$20,695,472$58,393,899
80$74,205,864$28,532,313$21,316,760$63,758,759
81$81,700,583$29,856,116$21,956,591$69,645,785
82$89,957,423$31,242,447$22,615,518$76,107,130
83$99,054,048$32,694,294$23,294,105$83,200,220
84$109,076,038$34,214,792$23,992,935$90,988,284
85$120,117,704$35,807,227$24,712,608$99,540,945
86$132,282,970$37,475,042$25,453,742$108,934,872
87$145,686,362$39,221,847$26,216,971$119,254,489
88$160,454,081$41,051,428$27,002,949$130,592,774
89$176,725,201$42,967,751$27,812,351$143,052,117
90$194,652,976$44,974,975$28,645,869$156,745,285
91$214,406,290$47,077,460$29,504,217$171,796,475
92$236,171,253$49,279,777$30,388,129$188,342,476
93$260,152,950$51,586,715$31,298,361$206,533,948
94$286,577,386$54,003,299$32,235,691$226,536,837
95$315,693,612$56,534,794$33,200,920$248,533,926
96$347,776,082$59,186,720$34,194,872$272,726,553
97$383,127,237$61,964,864$35,218,395$299,336,496
98$422,080,368$64,875,295$36,272,364$328,608,052
99$465,002,753$67,924,372$37,357,676$360,810,335
100$512,299,133$71,118,765$38,475,257$396,239,795