Can I retire at age 62 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,002,557
2 years$519,185$509,516$500,145$491,059$482,246$472,014
3 years$342,685$332,974$323,627$314,626$305,956$295,969
4 years$254,453$244,771$235,517$226,670$218,211$208,544
5 years$201,527$191,904$182,771$174,105$165,880$156,563
6 years$166,255$156,704$147,706$139,233$131,255$122,299
7 years$141,070$131,600$122,745$114,471$106,746$98,155
8 years$122,190$112,805$104,097$96,027$88,556$80,329
9 years$107,513$98,217$89,659$81,794$74,577$66,712
10 years$95,779$86,574$78,167$70,507$63,543$56,035
11 years$86,184$77,071$68,817$61,362$54,649$47,491
12 years$78,195$69,175$61,073$53,823$47,358$40,543
13 years$71,439$62,514$54,565$47,517$41,297$34,818
14 years$65,654$56,824$49,027$42,181$36,201$30,048
15 years$60,645$51,909$44,264$37,618$31,874$26,039
16 years$56,266$47,626$40,132$33,683$28,170$22,643
17 years$52,406$43,862$36,519$30,264$24,978$19,748
18 years$48,979$40,530$33,337$27,274$22,209$17,267
19 years$45,916$37,563$30,518$24,644$19,795$15,130
20 years$43,163$34,905$28,008$22,320$17,682$13,283
21 years$40,676$32,513$25,762$20,257$15,823$11,680
22 years$38,417$30,350$23,744$18,418$14,183$10,285
23 years$36,358$28,385$21,923$16,774$12,732$9,067
24 years$34,474$26,595$20,275$15,299$11,443$8,003
25 years$32,743$24,958$18,779$13,972$10,297$7,070
26 years$31,147$23,457$17,417$12,775$9,276$6,250
27 years$29,672$22,076$16,173$11,693$8,363$5,530
28 years$28,306$20,802$15,035$10,713$7,546$4,896
29 years$27,035$19,624$13,991$9,824$6,814$4,337
30 years$25,852$18,533$13,032$9,016$6,157$3,844
31 years$24,747$17,520$12,150$8,281$5,566$3,408
32 years$23,713$16,577$11,336$7,610$5,035$3,023
33 years$22,744$15,699$10,584$6,998$4,557$2,682
34 years$21,834$14,879$9,889$6,439$4,126$2,381
35 years$20,977$14,112$9,246$5,927$3,737$2,114
36 years$20,171$13,395$8,649$5,459$3,386$1,877
37 years$19,409$12,722$8,095$5,030$3,068$1,667
38 years$18,689$12,090$7,581$4,636$2,782$1,481
39 years$18,008$11,497$7,103$4,275$2,523$1,316
40 years$17,363$10,938$6,657$3,943$2,288$1,169
41 years$16,751$10,412$6,242$3,638$2,076$1,039
42 years$16,169$9,916$5,856$3,357$1,884$924
43 years$15,616$9,448$5,495$3,099$1,710$821
44 years$15,089$9,006$5,158$2,861$1,552$730
45 years$14,588$8,588$4,843$2,643$1,409$649
46 years$14,109$8,193$4,549$2,441$1,279$577
47 years$13,653$7,818$4,273$2,255$1,161$513
48 years$13,216$7,464$4,016$2,084$1,055$456
49 years$12,799$7,127$3,775$1,926$958$406
50 years$12,400$6,808$3,549$1,780$870$361

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,700,000, adding $3,847 every year, while hoping to spend $27,239 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: 31/47/22 Blend
61$12,700,000$12,700,000$12,700,000$12,700,000
62$13,999,368$13,326,268$13,129,418$14,337,704
63$15,398,322$13,950,273$13,540,272$15,218,727
64$16,939,055$14,603,942$13,963,976$16,163,745
65$18,636,002$15,288,698$14,400,932$17,180,470
66$20,505,067$16,006,036$14,851,555$18,275,168
67$22,563,773$16,757,522$15,316,272$19,454,693
68$24,831,435$17,544,797$15,795,524$20,726,553
69$27,329,331$18,369,582$16,289,764$22,098,970
70$30,080,914$19,233,683$16,799,462$23,580,951
71$33,112,024$20,138,990$17,325,101$25,182,367
72$36,451,136$21,087,486$17,867,178$26,914,037
73$40,129,632$22,081,253$18,426,208$28,787,823
74$44,182,089$23,122,469$19,002,721$30,816,733
75$48,646,613$24,213,420$19,597,262$33,015,036
76$53,565,193$25,356,504$20,210,397$35,398,386
77$58,984,102$26,554,232$20,842,705$37,983,963
78$64,954,331$27,809,240$21,494,786$40,790,620
79$71,532,070$29,124,290$22,167,258$43,839,056
80$78,779,238$30,502,277$22,860,758$47,151,997
81$86,764,071$31,946,239$23,575,944$50,754,400
82$95,561,761$33,459,360$24,313,493$54,673,676
83$105,255,170$35,044,977$25,074,104$58,939,938
84$115,935,609$36,706,593$25,858,498$63,586,269
85$127,703,701$38,447,877$26,667,418$68,649,022
86$140,670,333$40,272,677$27,501,631$74,168,151
87$154,957,699$42,185,030$28,361,927$80,187,570
88$170,700,454$44,189,166$29,249,122$86,755,549
89$188,046,987$46,289,522$30,164,055$93,925,162
90$207,160,823$48,490,751$31,107,593$101,754,761
91$228,222,160$50,797,732$32,080,631$110,308,516
92$251,429,578$53,215,578$33,084,090$119,656,997
93$277,001,909$55,749,655$34,118,920$129,877,821
94$305,180,302$58,405,587$35,186,103$141,056,367
95$336,230,504$61,189,272$36,286,648$153,286,556
96$370,445,364$64,106,895$37,421,599$166,671,718
97$408,147,598$67,164,940$38,592,031$181,325,542
98$449,692,840$70,370,209$39,799,051$197,373,125
99$495,472,994$73,729,833$41,043,803$214,952,123
100$545,919,935$77,251,291$42,327,466$234,214,031