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

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 $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%17.3%
1 years$999,207$990,306$981,623$973,147$964,871$936,235
2 years$494,657$485,444$476,516$467,859$459,462$430,849
3 years$326,495$317,243$308,337$299,762$291,502$263,808
4 years$242,431$233,207$224,391$215,962$207,902$181,339
5 years$192,006$182,837$174,136$165,879$158,043$132,685
6 years$158,400$149,300$140,728$132,655$125,054$100,923
7 years$134,405$125,382$116,946$109,063$101,703$78,797
8 years$116,417$107,476$99,179$91,490$84,372$62,678
9 years$102,434$93,577$85,423$77,929$71,054$50,549
10 years$91,254$82,484$74,474$67,176$60,541$41,198
11 years$82,113$73,430$65,565$58,463$52,067$33,852
12 years$74,500$65,907$58,188$51,280$45,121$27,996
13 years$68,064$59,561$51,987$45,273$39,346$23,274
14 years$62,552$54,139$46,710$40,188$34,490$19,429
15 years$57,780$49,457$42,173$35,841$30,368$16,276
16 years$53,608$45,376$38,236$32,091$26,839$13,673
17 years$49,930$41,789$34,793$28,834$23,798$11,513
18 years$46,665$38,615$31,762$25,985$21,160$9,713
19 years$43,747$35,788$29,077$23,480$18,860$8,208
20 years$41,124$33,256$26,685$21,265$16,846$6,946
21 years$38,754$30,977$24,545$19,300$15,076$5,884
22 years$36,602$28,916$22,622$17,548$13,513$4,989
23 years$34,641$27,044$20,887$15,981$12,130$4,234
24 years$32,845$25,339$19,317$14,576$10,903$3,596
25 years$31,196$23,779$17,892$13,311$9,811$3,056
26 years$29,676$22,349$16,594$12,171$8,837$2,598
27 years$28,271$21,033$15,409$11,141$7,968$2,209
28 years$26,968$19,819$14,324$10,207$7,189$1,880
29 years$25,758$18,697$13,330$9,360$6,492$1,600
30 years$24,630$17,657$12,416$8,590$5,866$1,362
31 years$23,578$16,692$11,576$7,890$5,303$1,160
32 years$22,593$15,794$10,800$7,251$4,797$987
33 years$21,669$14,957$10,084$6,668$4,341$841
34 years$20,802$14,176$9,422$6,135$3,931$716
35 years$19,986$13,446$8,809$5,647$3,560$610
36 years$19,218$12,762$8,241$5,201$3,226$520
37 years$18,492$12,121$7,713$4,792$2,924$443
38 years$17,806$11,519$7,223$4,417$2,650$378
39 years$17,158$10,954$6,767$4,073$2,403$322
40 years$16,543$10,421$6,343$3,757$2,180$274
41 years$15,959$9,920$5,948$3,466$1,978$234
42 years$15,405$9,448$5,579$3,199$1,795$199
43 years$14,878$9,002$5,235$2,953$1,629$170
44 years$14,377$8,581$4,914$2,726$1,478$145
45 years$13,899$8,182$4,614$2,518$1,342$123
46 years$13,443$7,806$4,334$2,326$1,219$105
47 years$13,008$7,449$4,071$2,149$1,107$90
48 years$12,592$7,111$3,826$1,985$1,005$76
49 years$12,194$6,791$3,596$1,835$913$65
50 years$11,814$6,487$3,381$1,696$829$56

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 $3,517 every year, while hoping to spend $52,957 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: 50/24/26 Blend
61$12,100,000$12,100,000$12,100,000$12,100,000
62$13,337,828$12,696,528$12,508,978$13,906,649
63$14,641,940$13,262,312$12,871,683$14,869,406
64$16,077,298$13,854,044$13,244,763$15,909,639
65$17,657,230$14,472,941$13,628,511$17,039,244
66$19,396,428$15,120,275$14,023,227$18,266,713
67$21,311,076$15,797,381$14,429,217$19,601,385
68$23,419,008$16,505,655$14,846,798$21,053,523
69$25,739,877$17,246,562$15,276,296$22,634,411
70$28,295,337$18,021,636$15,718,044$24,356,457
71$31,109,248$18,832,483$16,172,385$26,233,304
72$34,207,903$19,680,787$16,639,673$28,279,960
73$37,620,275$20,568,311$17,120,268$30,512,928
74$41,378,289$21,496,904$17,614,542$32,950,366
75$45,517,124$22,468,502$18,122,878$35,612,246
76$50,075,544$23,485,132$18,645,669$38,520,546
77$55,096,267$24,548,921$19,183,316$41,699,445
78$60,626,364$25,662,096$19,736,235$45,175,552
79$66,717,705$26,826,990$20,304,850$48,978,149
80$73,427,447$28,046,049$20,889,599$53,139,463
81$80,818,576$29,321,834$21,490,930$57,694,966
82$88,960,498$30,657,032$22,109,303$62,683,699
83$97,929,696$32,054,454$22,745,192$68,148,640
84$107,810,452$33,517,049$23,399,084$74,137,103
85$118,695,642$35,047,908$24,071,476$80,701,173
86$130,687,609$36,650,267$24,762,882$87,898,196
87$143,899,134$38,327,519$25,473,828$95,791,309
88$158,454,499$40,083,221$26,204,855$104,450,031
89$174,490,657$41,921,098$26,956,516$113,950,913
90$192,158,528$43,845,056$27,729,384$124,378,247
91$211,624,421$45,859,187$28,524,041$135,824,857
92$233,071,606$47,967,781$29,341,091$148,392,967
93$256,702,040$50,175,333$30,181,148$162,195,153
94$282,738,279$52,486,555$31,044,847$177,355,400
95$311,425,572$54,906,384$31,932,837$194,010,258
96$343,034,180$57,439,997$32,845,787$212,310,125
97$377,861,927$60,092,817$33,784,382$232,420,650
98$416,237,009$62,870,531$34,749,324$254,524,291
99$458,521,095$65,779,098$35,741,337$278,822,023
100$505,112,736$68,824,763$36,761,162$305,535,218