Can I retire at age 62 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$977,282
2 years$515,097$505,504$496,207$487,192$478,448$450,984
3 years$339,987$330,352$321,079$312,149$303,547$276,938
4 years$252,449$242,844$233,663$224,886$216,493$190,942
5 years$199,940$190,393$181,332$172,734$164,574$140,153
6 years$164,946$155,470$146,543$138,137$130,222$106,954
7 years$139,959$130,563$121,778$113,570$105,905$83,791
8 years$121,228$111,917$103,277$95,271$87,859$66,886
9 years$106,667$97,444$88,953$81,150$73,990$54,139
10 years$95,025$85,892$77,551$69,952$63,043$44,289
11 years$85,506$76,465$68,275$60,879$54,219$36,533
12 years$77,579$68,630$60,592$53,399$46,985$30,333
13 years$70,877$62,022$54,135$47,143$40,972$25,319
14 years$65,137$56,376$48,641$41,849$35,916$21,225
15 years$60,167$51,501$43,916$37,322$31,623$17,855
16 years$55,823$47,251$39,816$33,417$27,949$15,064
17 years$51,993$43,516$36,231$30,025$24,781$12,740
18 years$48,593$40,211$33,074$27,059$22,034$10,796
19 years$45,555$37,267$30,278$24,450$19,640$9,165
20 years$42,823$34,630$27,788$22,144$17,542$7,791
21 years$40,355$32,257$25,559$20,097$15,698$6,630
22 years$38,115$30,111$23,557$18,273$14,071$5,649
23 years$36,072$28,162$21,751$16,642$12,631$4,817
24 years$34,202$26,386$20,116$15,178$11,353$4,110
25 years$32,485$24,762$18,631$13,862$10,216$3,509
26 years$30,902$23,272$17,279$12,674$9,202$2,998
27 years$29,439$21,902$16,045$11,601$8,297$2,562
28 years$28,083$20,638$14,916$10,629$7,486$2,190
29 years$26,822$19,470$13,881$9,747$6,760$1,873
30 years$25,648$18,387$12,930$8,945$6,108$1,603
31 years$24,552$17,382$12,054$8,216$5,522$1,371
32 years$23,526$16,447$11,246$7,550$4,995$1,174
33 years$22,565$15,575$10,501$6,943$4,521$1,005
34 years$21,662$14,762$9,811$6,388$4,093$860
35 years$20,812$14,001$9,173$5,881$3,707$737
36 years$20,012$13,289$8,581$5,416$3,359$631
37 years$19,256$12,622$8,032$4,990$3,044$540
38 years$18,542$11,995$7,521$4,600$2,760$463
39 years$17,867$11,406$7,047$4,241$2,503$396
40 years$17,226$10,852$6,605$3,912$2,270$339
41 years$16,619$10,330$6,193$3,609$2,060$291
42 years$16,042$9,838$5,810$3,331$1,869$249
43 years$15,493$9,374$5,451$3,075$1,696$213
44 years$14,971$8,935$5,117$2,839$1,540$183
45 years$14,473$8,520$4,805$2,622$1,398$157
46 years$13,998$8,128$4,513$2,422$1,269$134
47 years$13,545$7,757$4,240$2,237$1,152$115
48 years$13,112$7,405$3,984$2,068$1,046$99
49 years$12,698$7,071$3,745$1,911$950$84
50 years$12,302$6,755$3,521$1,766$863$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,600,000, adding $5,380 every year, while hoping to spend $49,283 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: 66/25/9 Blend
61$12,600,000$12,600,000$12,600,000$12,600,000
62$13,890,749$13,222,949$13,027,649$14,782,047
63$15,255,169$13,818,437$13,411,639$15,971,089
64$16,757,108$14,441,452$13,806,840$17,263,761
65$18,410,541$15,093,291$14,213,577$18,675,254
66$20,230,866$15,775,313$14,632,182$20,217,154
67$22,235,052$16,488,940$15,062,998$21,902,210
68$24,441,795$17,235,666$15,506,376$23,744,442
69$26,871,697$18,017,052$15,962,678$25,759,279
70$29,547,459$18,834,737$16,432,277$27,963,696
71$32,494,096$19,690,436$16,915,555$30,376,373
72$35,739,174$20,585,947$17,412,906$33,017,867
73$39,313,066$21,523,155$17,924,735$35,910,801
74$43,249,243$22,504,034$18,451,458$39,080,076
75$47,584,587$23,530,652$18,993,502$42,553,099
76$52,359,739$24,605,178$19,551,309$46,360,039
77$57,619,484$25,729,884$20,125,330$50,534,108
78$63,413,174$26,907,151$20,716,031$55,111,867
79$69,795,190$28,139,474$21,323,890$60,133,569
80$76,825,459$29,429,467$21,949,400$65,643,531
81$84,570,016$30,779,872$22,593,065$71,690,547
82$93,101,632$32,193,559$23,255,407$78,328,348
83$102,500,495$33,673,540$23,936,960$85,616,094
84$112,854,970$35,222,969$24,638,273$93,618,935
85$124,262,434$36,845,151$25,359,912$102,408,614
86$136,830,192$38,543,553$26,102,458$112,064,139
87$150,676,489$40,321,805$26,866,509$122,672,522
88$165,931,633$42,183,715$27,652,678$134,329,591
89$182,739,214$44,133,272$28,461,597$147,140,890
90$201,257,469$46,174,657$29,293,916$161,222,664
91$221,660,770$48,312,255$30,150,301$176,702,950
92$244,141,271$50,550,658$31,031,439$193,722,774
93$268,910,723$52,894,683$31,938,035$212,437,475
94$296,202,472$55,349,377$32,870,814$233,018,161
95$326,273,658$57,920,030$33,830,520$255,653,314
96$359,407,649$60,612,190$34,817,921$280,550,558
97$395,916,711$63,431,669$35,833,803$307,938,609
98$436,144,956$66,384,561$36,878,976$338,069,421
99$480,471,591$69,477,254$37,954,271$371,220,550
100$529,314,498$72,716,445$39,060,544$407,697,768