Can I retire at age 62 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,007,465$998,491$989,735$981,190$972,845$937,210
2 years$498,745$489,456$480,454$471,726$463,260$427,754
3 years$329,194$319,865$310,886$302,239$293,911$259,652
4 years$244,435$235,135$226,245$217,746$209,620$176,869
5 years$193,593$184,348$175,575$167,250$159,350$128,192
6 years$159,709$150,534$141,891$133,751$126,088$96,546
7 years$135,516$126,419$117,912$109,964$102,543$74,610
8 years$117,379$108,364$99,999$92,246$85,069$58,720
9 years$103,281$94,350$86,129$78,573$71,641$46,839
10 years$92,008$83,165$75,089$67,731$61,042$37,744
11 years$82,791$74,037$66,107$58,946$52,498$30,654
12 years$75,116$66,452$58,669$51,704$45,493$25,050
13 years$68,627$60,053$52,416$45,647$39,671$20,571
14 years$63,069$54,586$47,096$40,520$34,776$16,960
15 years$58,257$49,866$42,522$36,137$30,619$14,027
16 years$54,051$45,751$38,552$32,357$27,061$11,631
17 years$50,343$42,135$35,081$29,072$23,994$9,665
18 years$47,051$38,934$32,024$26,200$21,335$8,045
19 years$44,109$36,084$29,317$23,674$19,016$6,707
20 years$41,464$33,531$26,906$21,441$16,986$5,598
21 years$39,074$31,233$24,748$19,459$15,200$4,677
22 years$36,905$29,155$22,809$17,693$13,625$3,910
23 years$34,927$27,268$21,060$16,113$12,230$3,272
24 years$33,116$25,548$19,477$14,696$10,993$2,739
25 years$31,453$23,976$18,040$13,421$9,892$2,294
26 years$29,921$22,533$16,731$12,272$8,910$1,922
27 years$28,504$21,206$15,536$11,233$8,033$1,611
28 years$27,191$19,983$14,443$10,292$7,249$1,351
29 years$25,971$18,851$13,440$9,438$6,545$1,133
30 years$24,834$17,803$12,519$8,661$5,914$950
31 years$23,772$16,830$11,671$7,955$5,347$797
32 years$22,779$15,925$10,889$7,311$4,837$669
33 years$21,848$15,081$10,167$6,723$4,377$561
34 years$20,974$14,293$9,500$6,186$3,963$471
35 years$20,152$13,557$8,882$5,694$3,590$395
36 years$19,376$12,867$8,309$5,244$3,252$332
37 years$18,645$12,221$7,777$4,832$2,948$278
38 years$17,954$11,614$7,283$4,454$2,672$234
39 years$17,299$11,044$6,823$4,106$2,423$196
40 years$16,679$10,508$6,395$3,788$2,198$165
41 years$16,091$10,002$5,997$3,495$1,994$138
42 years$15,532$9,526$5,625$3,225$1,809$116
43 years$15,001$9,076$5,278$2,977$1,642$97
44 years$14,495$8,651$4,955$2,749$1,491$82
45 years$14,013$8,250$4,652$2,539$1,353$69
46 years$13,554$7,870$4,370$2,345$1,229$58
47 years$13,115$7,511$4,105$2,166$1,116$48
48 years$12,696$7,170$3,858$2,002$1,013$41
49 years$12,295$6,847$3,626$1,850$920$34
50 years$11,911$6,540$3,409$1,710$836$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,200,000, adding $6,523 every year, while hoping to spend $44,180 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: 67/22/11 Blend
61$12,200,000$12,200,000$12,200,000$12,200,000
62$13,451,128$12,804,528$12,615,428$14,320,163
63$14,776,136$13,384,943$12,991,038$15,479,568
64$16,234,814$13,992,318$13,377,750$16,740,824
65$17,840,750$14,627,926$13,775,889$18,118,626
66$19,608,916$15,293,103$14,185,791$19,624,373
67$21,555,810$15,989,250$14,607,799$21,270,610
68$23,699,610$16,717,831$15,042,268$23,071,137
69$26,060,349$17,480,383$15,489,563$25,041,140
70$28,660,100$18,278,517$15,950,058$27,197,333
71$31,523,185$19,113,920$16,424,141$29,558,106
72$34,676,408$19,988,360$16,912,207$32,143,703
73$38,149,302$20,903,689$17,414,666$34,976,403
74$41,974,412$21,861,851$17,931,939$38,080,732
75$46,187,600$22,864,880$18,464,457$41,483,689
76$50,828,385$23,914,909$19,012,666$45,214,993
77$55,940,314$25,014,174$19,577,025$49,307,366
78$61,571,374$26,165,017$20,158,003$53,796,832
79$67,774,445$27,369,893$20,756,086$58,723,057
80$74,607,796$28,631,376$21,371,774$64,129,714
81$82,135,641$29,952,163$22,005,577$70,064,896
82$90,428,738$31,335,080$22,658,026$76,581,559
83$99,565,062$32,783,092$23,329,662$83,738,020
84$109,630,538$34,299,302$24,021,045$91,598,502
85$120,719,851$35,886,967$24,732,749$100,233,733
86$132,937,346$37,549,498$25,465,366$109,721,607
87$146,398,003$39,290,471$26,219,503$120,147,914
88$161,228,530$41,113,635$26,995,788$131,607,145
89$177,568,555$43,022,919$27,794,862$144,203,373
90$195,571,947$45,022,441$28,617,389$158,051,231
91$215,408,264$47,116,519$29,464,050$173,276,984
92$237,264,356$49,309,678$30,335,545$190,019,717
93$261,346,130$51,606,661$31,232,595$208,432,634
94$287,880,491$54,012,443$32,155,942$228,684,502
95$317,117,483$56,532,235$33,106,349$250,961,228
96$349,332,654$59,171,502$34,084,599$275,467,611
97$384,829,652$61,935,973$35,091,500$302,429,259
98$423,943,093$64,831,652$36,127,882$332,094,715
99$467,041,721$67,864,835$37,194,598$364,737,787
100$514,531,886$71,042,122$38,292,527$400,660,123