Can I retire at age 62 with 12,900,000?

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 $12,900,000?

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$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,002,982
2 years$527,361$517,540$508,021$498,792$489,840$464,129
3 years$348,082$338,218$328,723$319,581$310,775$285,838
4 years$258,460$248,626$239,226$230,240$221,647$197,677
5 years$204,701$194,926$185,649$176,846$168,493$145,555
6 years$168,873$159,172$150,032$141,425$133,322$111,441
7 years$143,292$133,672$124,678$116,274$108,427$87,603
8 years$124,114$114,582$105,736$97,539$89,951$70,175
9 years$109,207$99,764$91,071$83,082$75,751$57,008
10 years$97,287$87,937$79,398$71,617$64,544$46,811
11 years$87,542$78,285$69,900$62,328$55,510$38,761
12 years$79,426$70,265$62,035$54,670$48,104$32,311
13 years$72,564$63,499$55,424$48,266$41,947$27,079
14 years$66,688$57,718$49,799$42,845$36,771$22,794
15 years$61,600$52,727$44,962$38,210$32,376$19,256
16 years$57,152$48,376$40,764$34,213$28,614$16,316
17 years$53,231$44,552$37,094$30,740$25,371$13,859
18 years$49,750$41,168$33,862$27,703$22,559$11,797
19 years$46,639$38,154$30,999$25,032$20,107$10,059
20 years$43,843$35,455$28,449$22,671$17,960$8,590
21 years$41,316$33,025$26,168$20,576$16,072$7,344
22 years$39,022$30,828$24,118$18,708$14,407$6,286
23 years$36,931$28,832$22,268$17,038$12,932$5,385
24 years$35,017$27,014$20,595$15,539$11,624$4,617
25 years$33,258$25,351$19,075$14,192$10,460$3,961
26 years$31,638$23,826$17,691$12,976$9,422$3,400
27 years$30,140$22,423$16,427$11,877$8,494$2,920
28 years$28,751$21,129$15,271$10,882$7,665$2,509
29 years$27,461$19,933$14,211$9,979$6,921$2,156
30 years$26,259$18,825$13,237$9,158$6,254$1,854
31 years$25,136$17,796$12,341$8,411$5,654$1,594
32 years$24,086$16,838$11,514$7,730$5,114$1,371
33 years$23,102$15,946$10,751$7,108$4,628$1,180
34 years$22,178$15,113$10,045$6,540$4,190$1,015
35 years$21,308$14,335$9,391$6,021$3,795$874
36 years$20,488$13,606$8,785$5,545$3,439$752
37 years$19,715$12,922$8,223$5,109$3,117$647
38 years$18,984$12,281$7,700$4,709$2,826$557
39 years$18,292$11,678$7,214$4,342$2,562$480
40 years$17,636$11,111$6,762$4,005$2,324$413
41 years$17,014$10,576$6,341$3,695$2,109$356
42 years$16,424$10,072$5,948$3,410$1,913$306
43 years$15,862$9,597$5,581$3,148$1,736$264
44 years$15,327$9,148$5,239$2,907$1,576$227
45 years$14,817$8,723$4,919$2,684$1,431$196
46 years$14,332$8,322$4,620$2,479$1,299$168
47 years$13,868$7,941$4,341$2,291$1,180$145
48 years$13,424$7,581$4,079$2,117$1,071$125
49 years$13,001$7,240$3,834$1,956$973$108
50 years$12,595$6,916$3,605$1,808$884$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,900,000, adding $6,909 every year, while hoping to spend $49,836 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: 31/50/19 Blend
61$12,900,000$12,900,000$12,900,000$12,900,000
62$14,222,927$13,539,227$13,339,277$14,579,082
63$15,620,640$14,149,624$13,733,117$15,457,817
64$17,159,250$14,788,260$14,138,481$16,398,106
65$18,853,075$15,456,466$14,555,702$17,409,260
66$20,717,893$16,155,638$14,985,123$18,497,469
67$22,771,090$16,887,235$15,427,096$19,669,507
68$25,031,821$17,652,790$15,881,984$20,932,794
69$27,521,197$18,453,907$16,350,160$22,295,456
70$30,262,477$19,292,266$16,832,009$23,766,395
71$33,281,293$20,169,630$17,327,924$25,355,370
72$36,605,887$21,087,844$17,838,311$27,073,077
73$40,267,381$22,048,843$18,363,589$28,931,245
74$44,300,071$23,054,652$18,904,185$30,942,736
75$48,741,745$24,107,397$19,460,543$33,121,661
76$53,634,046$25,209,303$20,033,115$35,483,504
77$59,022,863$26,362,703$20,622,368$38,045,254
78$64,958,761$27,570,041$21,228,783$40,825,564
79$71,497,460$28,833,879$21,852,853$43,844,909
80$78,700,363$30,156,901$22,495,085$47,125,774
81$86,635,133$31,541,922$23,156,003$50,692,851
82$95,376,329$32,991,889$23,836,143$54,573,265
83$105,006,118$34,509,894$24,536,056$58,796,813
84$115,615,038$36,099,176$25,256,310$63,396,237
85$127,302,865$37,763,128$25,997,490$68,407,518
86$140,179,545$39,505,310$26,760,194$73,870,199
87$154,366,239$41,329,450$27,545,040$79,827,747
88$169,996,459$43,239,457$28,352,663$86,327,950
89$187,217,334$45,239,427$29,183,714$93,423,346
90$206,190,998$47,333,655$30,038,864$101,171,707
91$227,096,117$49,526,641$30,918,803$109,636,565
92$250,129,578$51,823,103$31,824,239$118,887,795
93$275,508,345$54,227,985$32,755,902$129,002,253
94$303,471,512$56,746,472$33,714,540$140,064,484
95$334,282,553$59,383,996$34,700,924$152,167,497
96$368,231,814$62,146,253$35,715,846$165,413,624
97$405,639,252$65,039,212$36,760,119$179,915,459
98$446,857,454$68,069,131$37,834,582$195,796,901
99$492,274,967$71,242,571$38,940,093$213,194,293
100$542,319,965$74,566,409$40,077,537$232,257,691