Can I retire at age 62 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$984,312
2 years$511,009$501,492$492,268$483,326$474,651$462,118
3 years$337,289$327,731$318,530$309,671$301,138$288,917
4 years$250,446$240,917$231,808$223,101$214,774$202,959
5 years$198,353$188,882$179,893$171,363$163,268$151,894
6 years$163,636$154,236$145,380$137,040$129,188$118,268
7 years$138,848$129,527$120,812$112,668$105,065$94,603
8 years$120,266$111,029$102,458$94,515$87,161$77,157
9 years$105,820$96,670$88,247$80,506$73,402$63,851
10 years$94,271$85,210$76,936$69,397$62,543$53,438
11 years$84,827$75,858$67,733$60,396$53,789$45,122
12 years$76,963$68,086$60,111$52,975$46,612$38,374
13 years$70,314$61,530$53,705$46,769$40,647$32,827
14 years$64,620$55,929$48,255$41,516$35,631$28,218
15 years$59,690$51,092$43,567$37,025$31,372$24,354
16 years$55,380$46,876$39,500$33,152$27,727$21,090
17 years$51,581$43,171$35,944$29,787$24,584$18,317
18 years$48,208$39,892$32,812$26,844$21,859$15,947
19 years$45,193$36,971$30,038$24,256$19,484$13,913
20 years$42,484$34,356$27,567$21,968$17,403$12,160
21 years$40,035$32,001$25,356$19,938$15,574$10,645
22 years$37,812$29,872$23,370$18,128$13,960$9,331
23 years$35,786$27,938$21,578$16,509$12,531$8,189
24 years$33,931$26,176$19,956$15,058$11,263$7,194
25 years$32,227$24,565$18,483$13,752$10,135$6,325
26 years$30,657$23,087$17,142$12,574$9,129$5,566
27 years$29,205$21,728$15,918$11,509$8,231$4,901
28 years$27,860$20,474$14,798$10,545$7,427$4,318
29 years$26,609$19,315$13,771$9,670$6,706$3,807
30 years$25,445$18,241$12,827$8,874$6,060$3,357
31 years$24,357$17,244$11,958$8,150$5,478$2,962
32 years$23,340$16,316$11,157$7,490$4,956$2,614
33 years$22,386$15,452$10,418$6,888$4,485$2,308
34 years$21,490$14,645$9,734$6,338$4,061$2,038
35 years$20,647$13,890$9,100$5,834$3,678$1,801
36 years$19,853$13,184$8,513$5,373$3,332$1,591
37 years$19,103$12,522$7,968$4,951$3,020$1,406
38 years$18,395$11,900$7,462$4,563$2,738$1,242
39 years$17,725$11,316$6,991$4,207$2,483$1,098
40 years$17,089$10,766$6,552$3,881$2,252$971
41 years$16,487$10,248$6,144$3,580$2,043$859
42 years$15,914$9,760$5,763$3,304$1,854$759
43 years$15,370$9,299$5,408$3,050$1,683$671
44 years$14,852$8,864$5,077$2,816$1,527$594
45 years$14,358$8,453$4,767$2,601$1,387$525
46 years$13,887$8,064$4,477$2,403$1,259$465
47 years$13,438$7,695$4,206$2,220$1,143$411
48 years$13,008$7,346$3,953$2,051$1,038$364
49 years$12,597$7,015$3,715$1,896$943$322
50 years$12,204$6,701$3,493$1,752$856$285

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,500,000, adding $4,433 every year, while hoping to spend $27,441 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: 63/30/7 Blend
61$12,500,000$12,500,000$12,500,000$12,500,000
62$13,779,573$13,117,073$12,923,323$14,629,115
63$15,155,892$13,730,612$13,327,057$15,809,673
64$16,671,676$14,373,295$13,743,397$17,094,469
65$18,341,122$15,046,522$14,172,735$18,496,500
66$20,179,872$15,751,757$14,615,478$20,027,118
67$22,205,166$16,490,540$15,072,043$21,698,806
68$24,435,998$17,264,482$15,542,862$23,525,289
69$26,893,302$18,075,273$16,028,379$25,521,665
70$29,600,142$18,924,685$16,529,054$27,704,537
71$32,581,938$19,814,576$17,045,358$30,092,172
72$35,866,698$20,746,892$17,577,780$32,704,663
73$39,485,287$21,723,676$18,126,822$35,564,118
74$43,471,719$22,747,069$18,693,003$38,694,862
75$47,863,473$23,819,314$19,276,857$42,123,661
76$52,701,852$24,942,765$19,878,936$45,879,970
77$58,032,368$26,119,888$20,499,808$49,996,204
78$63,905,178$27,353,271$21,140,060$54,508,041
79$70,375,550$28,645,624$21,800,296$59,454,749
80$77,504,389$29,999,793$22,481,138$64,879,552
81$85,358,812$31,418,758$23,183,231$70,830,031
82$94,012,778$32,905,644$23,907,237$77,358,566
83$103,547,791$34,463,731$24,653,839$84,522,821
84$114,053,665$36,096,453$25,423,742$92,386,285
85$125,629,374$37,807,414$26,217,673$101,018,857
86$138,383,986$39,600,394$27,036,381$110,497,502
87$152,437,692$41,479,352$27,880,639$120,906,966
88$167,922,939$43,448,443$28,751,243$132,340,568
89$184,985,685$45,512,023$29,649,016$144,901,070
90$203,786,771$47,674,658$30,574,804$158,701,637
91$224,503,443$49,941,137$31,529,481$173,866,893
92$247,331,023$52,316,482$32,513,948$190,534,090
93$272,484,756$54,805,959$33,529,134$208,854,386
94$300,201,838$57,415,087$34,575,996$228,994,265
95$330,743,657$60,149,658$35,655,524$251,137,092
96$364,398,260$63,015,741$36,768,734$275,484,830
97$401,483,073$66,019,703$37,916,677$302,259,935
98$442,347,897$69,168,220$39,100,436$331,707,440
99$487,378,210$72,468,290$40,321,129$364,097,249
100$536,998,807$75,927,255$41,579,905$399,726,675