Can I retire at age 62 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,005,852
2 years$523,273$513,528$504,083$494,925$486,043$471,125
3 years$345,384$335,596$326,175$317,104$308,366$293,832
4 years$256,456$246,699$237,372$228,455$219,929$205,891
5 years$203,114$193,415$184,210$175,476$167,186$153,685
6 years$167,564$157,938$148,869$140,329$132,289$119,340
7 years$142,181$132,636$123,711$115,372$107,586$95,195
8 years$123,152$113,693$104,917$96,783$89,253$77,417
9 years$108,360$98,991$90,365$82,438$75,164$63,877
10 years$96,533$87,255$78,782$71,062$64,044$53,297
11 years$86,863$77,678$69,359$61,845$55,080$44,863
12 years$78,810$69,720$61,554$54,247$47,731$38,033
13 years$72,002$63,006$54,994$47,892$41,622$32,429
14 years$66,171$57,271$49,413$42,513$36,486$27,782
15 years$61,122$52,318$44,613$37,914$32,125$23,896
16 years$56,709$48,001$40,448$33,948$28,392$20,622
17 years$52,819$44,207$36,806$30,502$25,174$17,847
18 years$49,365$40,849$33,599$27,488$22,384$15,482
19 years$46,278$37,859$30,759$24,838$19,951$13,458
20 years$43,503$35,180$28,229$22,496$17,821$11,719
21 years$40,996$32,769$25,965$20,416$15,948$10,220
22 years$38,720$30,589$23,931$18,563$14,295$8,925
23 years$36,645$28,609$22,096$16,906$12,832$7,802
24 years$34,745$26,805$20,435$15,419$11,534$6,828
25 years$33,000$25,155$18,927$14,082$10,378$5,980
26 years$31,392$23,642$17,554$12,875$9,349$5,241
27 years$29,906$22,249$16,300$11,785$8,428$4,597
28 years$28,528$20,966$15,153$10,798$7,605$4,034
29 years$27,248$19,779$14,101$9,902$6,867$3,541
30 years$26,055$18,679$13,135$9,087$6,205$3,110
31 years$24,942$17,658$12,245$8,346$5,610$2,733
32 years$23,900$16,708$11,425$7,670$5,075$2,402
33 years$22,923$15,822$10,668$7,053$4,592$2,112
34 years$22,006$14,996$9,967$6,490$4,158$1,857
35 years$21,143$14,224$9,319$5,974$3,766$1,634
36 years$20,329$13,500$8,717$5,502$3,412$1,437
37 years$19,562$12,822$8,159$5,069$3,093$1,265
38 years$18,837$12,186$7,641$4,673$2,804$1,113
39 years$18,150$11,587$7,159$4,308$2,543$980
40 years$17,500$11,024$6,710$3,974$2,306$863
41 years$16,882$10,494$6,292$3,666$2,092$759
42 years$16,296$9,994$5,902$3,384$1,898$669
43 years$15,739$9,523$5,538$3,123$1,723$589
44 years$15,208$9,077$5,198$2,884$1,564$518
45 years$14,703$8,656$4,881$2,663$1,420$457
46 years$14,220$8,257$4,584$2,460$1,289$402
47 years$13,760$7,880$4,307$2,273$1,171$354
48 years$13,320$7,522$4,047$2,100$1,063$312
49 years$12,900$7,184$3,804$1,941$965$275
50 years$12,497$6,862$3,577$1,794$877$242

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,800,000, adding $2,860 every year, while hoping to spend $44,899 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: 79/12/9 Blend
61$12,800,000$12,800,000$12,800,000$12,800,000
62$14,108,550$13,430,150$13,231,750$15,203,696
63$15,499,850$14,040,455$13,627,242$16,533,084
64$17,031,558$14,679,161$14,034,477$17,984,972
65$18,717,947$15,347,610$14,453,803$19,576,396
66$20,574,748$16,047,213$14,885,575$21,321,260
67$22,619,290$16,779,444$15,330,160$23,234,872
68$24,870,672$17,545,852$15,787,935$25,334,088
69$27,349,938$18,348,055$16,259,288$27,637,468
70$30,080,276$19,187,755$16,744,618$30,165,453
71$33,087,239$20,066,730$17,244,338$32,940,549
72$36,398,984$20,986,846$17,758,870$35,987,544
73$40,046,538$21,950,058$18,288,649$39,333,735
74$44,064,089$22,958,416$18,834,124$43,009,189
75$48,489,315$24,014,067$19,395,755$47,047,016
76$53,363,730$25,119,262$19,974,018$51,483,689
77$58,733,084$26,276,358$20,569,401$56,359,377
78$64,647,788$27,487,830$21,182,406$61,718,327
79$71,163,396$28,756,267$21,813,550$67,609,277
80$78,341,125$30,084,386$22,463,366$74,085,911
81$86,248,432$31,475,034$23,132,401$81,207,368
82$94,959,655$32,931,193$23,821,220$89,038,791
83$104,556,709$34,455,992$24,530,400$97,651,944
84$115,129,866$36,052,707$25,260,541$107,125,881
85$126,778,598$37,724,775$26,012,254$117,547,693
86$139,612,523$39,475,798$26,786,173$129,013,322
87$153,752,437$41,309,549$27,582,947$141,628,469
88$169,331,456$43,229,987$28,403,246$155,509,579
89$186,496,266$45,241,258$29,247,756$170,784,943
90$205,408,517$47,347,711$30,117,188$187,595,902
91$226,246,341$49,553,904$31,012,269$206,098,178
92$249,206,037$51,864,615$31,933,749$226,463,334
93$274,503,922$54,284,851$32,882,399$248,880,396
94$302,378,377$56,819,863$33,859,014$273,557,627
95$333,092,090$59,475,154$34,864,410$300,724,489
96$366,934,542$62,256,496$35,899,426$330,633,801
97$404,224,736$65,169,935$36,964,928$363,564,124
98$445,314,211$68,221,814$38,061,804$399,822,382
99$490,590,356$71,418,778$39,190,971$439,746,751
100$540,480,072$74,767,798$40,353,368$483,709,846