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%16.6%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$977,677
2 years$515,097$505,504$496,207$487,192$478,448$451,374
3 years$339,987$330,352$321,079$312,149$303,547$277,311
4 years$252,449$242,844$233,663$224,886$216,493$191,296
5 years$199,940$190,393$181,332$172,734$164,574$140,487
6 years$164,946$155,470$146,543$138,137$130,222$107,267
7 years$139,959$130,563$121,778$113,570$105,905$84,084
8 years$121,228$111,917$103,277$95,271$87,859$67,159
9 years$106,667$97,444$88,953$81,150$73,990$54,394
10 years$95,025$85,892$77,551$69,952$63,043$44,525
11 years$85,506$76,465$68,275$60,879$54,219$36,751
12 years$77,579$68,630$60,592$53,399$46,985$30,534
13 years$70,877$62,022$54,135$47,143$40,972$25,504
14 years$65,137$56,376$48,641$41,849$35,916$21,395
15 years$60,167$51,501$43,916$37,322$31,623$18,011
16 years$55,823$47,251$39,816$33,417$27,949$15,206
17 years$51,993$43,516$36,231$30,025$24,781$12,870
18 years$48,593$40,211$33,074$27,059$22,034$10,914
19 years$45,555$37,267$30,278$24,450$19,640$9,272
20 years$42,823$34,630$27,788$22,144$17,542$7,888
21 years$40,355$32,257$25,559$20,097$15,698$6,718
22 years$38,115$30,111$23,557$18,273$14,071$5,728
23 years$36,072$28,162$21,751$16,642$12,631$4,888
24 years$34,202$26,386$20,116$15,178$11,353$4,174
25 years$32,485$24,762$18,631$13,862$10,216$3,567
26 years$30,902$23,272$17,279$12,674$9,202$3,049
27 years$29,439$21,902$16,045$11,601$8,297$2,608
28 years$28,083$20,638$14,916$10,629$7,486$2,232
29 years$26,822$19,470$13,881$9,747$6,760$1,910
30 years$25,648$18,387$12,930$8,945$6,108$1,636
31 years$24,552$17,382$12,054$8,216$5,522$1,401
32 years$23,526$16,447$11,246$7,550$4,995$1,200
33 years$22,565$15,575$10,501$6,943$4,521$1,028
34 years$21,662$14,762$9,811$6,388$4,093$881
35 years$20,812$14,001$9,173$5,881$3,707$755
36 years$20,012$13,289$8,581$5,416$3,359$647
37 years$19,256$12,622$8,032$4,990$3,044$555
38 years$18,542$11,995$7,521$4,600$2,760$475
39 years$17,867$11,406$7,047$4,241$2,503$408
40 years$17,226$10,852$6,605$3,912$2,270$349
41 years$16,619$10,330$6,193$3,609$2,060$300
42 years$16,042$9,838$5,810$3,331$1,869$257
43 years$15,493$9,374$5,451$3,075$1,696$220
44 years$14,971$8,935$5,117$2,839$1,540$189
45 years$14,473$8,520$4,805$2,622$1,398$162
46 years$13,998$8,128$4,513$2,422$1,269$139
47 years$13,545$7,757$4,240$2,237$1,152$119
48 years$13,112$7,405$3,984$2,068$1,046$102
49 years$12,698$7,071$3,745$1,911$950$88
50 years$12,302$6,755$3,521$1,766$863$75

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 $2,376 every year, while hoping to spend $35,124 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: 42/31/27 Blend
61$12,600,000$12,600,000$12,600,000$12,600,000
62$13,887,651$13,219,851$13,024,551$14,360,995
63$15,266,820$13,830,252$13,423,502$15,311,822
64$16,785,486$14,469,385$13,834,640$16,337,367
65$18,457,843$15,138,622$14,258,337$17,447,341
66$20,299,527$15,839,399$14,694,976$18,649,558
67$22,327,771$16,573,222$15,144,950$19,952,592
68$24,561,563$17,341,669$15,608,665$21,365,859
69$27,021,828$18,146,396$16,086,541$22,899,697
70$29,731,621$18,989,136$16,579,007$24,565,464
71$32,716,351$19,871,708$17,086,508$26,375,634
72$36,004,014$20,796,018$17,609,501$28,343,912
73$39,625,463$21,764,062$18,148,459$30,485,359
74$43,614,694$22,777,935$18,703,867$32,816,528
75$48,009,171$23,839,832$19,276,224$35,355,611
76$52,850,177$24,952,054$19,866,048$38,122,607
77$58,183,204$26,117,013$20,473,869$41,139,506
78$64,058,382$27,337,238$21,100,235$44,430,485
79$70,530,954$28,615,380$21,745,710$48,022,131
80$77,661,794$29,954,216$22,410,874$51,943,686
81$85,517,986$31,356,662$23,096,327$56,227,313
82$94,173,451$32,825,769$23,802,685$60,908,391
83$103,709,653$34,364,741$24,530,585$66,025,844
84$114,216,358$35,976,934$25,280,679$71,622,493
85$125,792,488$37,665,866$26,053,645$77,745,457
86$138,547,056$39,435,227$26,850,175$84,446,583
87$152,600,186$41,288,884$27,670,987$91,782,930
88$168,084,258$43,230,892$28,516,818$99,817,290
89$185,145,149$45,265,502$29,388,428$108,618,778
90$203,943,614$47,397,172$30,286,600$118,263,464
91$224,656,803$49,630,574$31,212,142$128,835,087
92$247,479,932$51,970,607$32,165,883$140,425,824
93$272,628,127$54,422,408$33,148,682$153,137,155
94$300,338,452$56,991,362$34,161,419$167,080,799
95$330,872,151$59,683,116$35,205,004$182,379,762
96$364,517,112$62,503,591$36,280,373$199,169,475
97$401,590,583$65,458,992$37,388,491$217,599,062
98$442,442,169$68,555,829$38,530,352$237,832,728
99$487,457,131$71,800,926$39,706,979$260,051,292
100$537,060,024$75,201,436$40,919,429$284,453,876