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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$971,882
2 years$511,009$501,492$492,268$483,326$474,651$449,737
3 years$337,289$327,731$318,530$309,671$301,138$276,975
4 years$250,446$240,917$231,808$223,101$214,774$191,547
5 years$198,353$188,882$179,893$171,363$163,268$141,042
6 years$163,636$154,236$145,380$137,040$129,188$107,985
7 years$138,848$129,527$120,812$112,668$105,065$84,887
8 years$120,266$111,029$102,458$94,515$87,161$67,999
9 years$105,820$96,670$88,247$80,506$73,402$55,241
10 years$94,271$85,210$76,936$69,397$62,543$45,360
11 years$84,827$75,858$67,733$60,396$53,789$37,560
12 years$76,963$68,086$60,111$52,975$46,612$31,309
13 years$70,314$61,530$53,705$46,769$40,647$26,239
14 years$64,620$55,929$48,255$41,516$35,631$22,087
15 years$59,690$51,092$43,567$37,025$31,372$18,659
16 years$55,380$46,876$39,500$33,152$27,727$15,810
17 years$51,581$43,171$35,944$29,787$24,584$13,429
18 years$48,208$39,892$32,812$26,844$21,859$11,431
19 years$45,193$36,971$30,038$24,256$19,484$9,747
20 years$42,484$34,356$27,567$21,968$17,403$8,323
21 years$40,035$32,001$25,356$19,938$15,574$7,117
22 years$37,812$29,872$23,370$18,128$13,960$6,091
23 years$35,786$27,938$21,578$16,509$12,531$5,219
24 years$33,931$26,176$19,956$15,058$11,263$4,474
25 years$32,227$24,565$18,483$13,752$10,135$3,838
26 years$30,657$23,087$17,142$12,574$9,129$3,295
27 years$29,205$21,728$15,918$11,509$8,231$2,830
28 years$27,860$20,474$14,798$10,545$7,427$2,431
29 years$26,609$19,315$13,771$9,670$6,706$2,090
30 years$25,445$18,241$12,827$8,874$6,060$1,797
31 years$24,357$17,244$11,958$8,150$5,478$1,545
32 years$23,340$16,316$11,157$7,490$4,956$1,329
33 years$22,386$15,452$10,418$6,888$4,485$1,143
34 years$21,490$14,645$9,734$6,338$4,061$984
35 years$20,647$13,890$9,100$5,834$3,678$847
36 years$19,853$13,184$8,513$5,373$3,332$729
37 years$19,103$12,522$7,968$4,951$3,020$627
38 years$18,395$11,900$7,462$4,563$2,738$540
39 years$17,725$11,316$6,991$4,207$2,483$465
40 years$17,089$10,766$6,552$3,881$2,252$400
41 years$16,487$10,248$6,144$3,580$2,043$345
42 years$15,914$9,760$5,763$3,304$1,854$297
43 years$15,370$9,299$5,408$3,050$1,683$255
44 years$14,852$8,864$5,077$2,816$1,527$220
45 years$14,358$8,453$4,767$2,601$1,387$189
46 years$13,887$8,064$4,477$2,403$1,259$163
47 years$13,438$7,695$4,206$2,220$1,143$141
48 years$13,008$7,346$3,953$2,051$1,038$121
49 years$12,597$7,015$3,715$1,896$943$104
50 years$12,204$6,701$3,493$1,752$856$90

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 $5,019 every year, while hoping to spend $49,196 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: 63/10/27 Blend
61$12,500,000$12,500,000$12,500,000$12,500,000
62$13,780,177$13,117,677$12,923,927$14,549,022
63$15,133,411$13,708,099$13,304,534$15,661,159
64$16,623,026$14,325,803$13,696,243$16,869,569
65$18,262,881$14,972,074$14,099,374$18,188,473
66$20,068,246$15,648,257$14,514,255$19,628,706
67$22,055,950$16,355,764$14,941,224$21,202,192
68$24,244,532$17,096,072$15,380,631$22,922,055
69$26,654,425$17,870,730$15,832,832$24,802,744
70$29,308,140$18,681,360$16,298,196$26,860,161
71$32,230,486$19,529,662$16,777,102$29,111,811
72$35,448,798$20,417,417$17,269,937$31,576,971
73$38,993,198$21,346,493$17,777,102$34,276,859
74$42,896,879$22,318,846$18,299,009$37,234,839
75$47,196,415$23,336,524$18,836,081$40,476,638
76$51,932,112$24,401,677$19,388,753$44,030,585
77$57,148,383$25,516,554$19,957,471$47,927,875
78$62,894,168$26,683,515$20,542,696$52,202,861
79$69,223,397$27,905,032$21,144,901$56,893,376
80$76,195,500$29,183,694$21,764,571$62,041,087
81$83,875,963$30,522,218$22,402,207$67,691,885
82$92,336,952$31,923,447$23,058,321$73,896,311
83$101,657,990$33,390,365$23,733,444$80,710,036
84$111,926,708$34,926,095$24,428,117$88,194,379
85$123,239,672$36,533,914$25,142,899$96,416,881
86$135,703,297$38,217,254$25,878,364$105,451,943
87$149,434,846$39,979,712$26,635,102$115,381,517
88$164,563,543$41,825,061$27,413,721$126,295,884
89$181,231,786$43,757,251$28,214,842$138,294,495
90$199,596,497$45,780,425$29,039,108$151,486,906
91$219,830,600$47,898,925$29,887,178$165,993,812
92$242,124,651$50,117,303$30,759,729$181,948,177
93$266,688,643$52,440,328$31,657,457$199,496,482
94$293,753,981$54,873,001$32,581,079$218,800,110
95$323,575,671$57,420,562$33,531,329$240,036,856
96$356,434,725$60,088,505$34,508,964$263,402,602
97$392,640,815$62,882,589$35,514,762$289,113,163
98$432,535,192$65,808,851$36,549,521$317,406,313
99$476,493,914$68,873,617$37,614,062$348,544,026
100$524,931,390$72,083,521$38,709,230$382,814,941