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%19.3%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$990,198
2 years$527,361$517,540$508,021$498,792$489,840$451,527
3 years$348,082$338,218$328,723$319,581$310,775$273,819
4 years$258,460$248,626$239,226$230,240$221,647$186,331
5 years$204,701$194,926$185,649$176,846$168,493$134,908
6 years$168,873$159,172$150,032$141,425$133,322$101,492
7 years$143,292$133,672$124,678$116,274$108,427$78,342
8 years$124,114$114,582$105,736$97,539$89,951$61,584
9 years$109,207$99,764$91,071$83,082$75,751$49,063
10 years$97,287$87,937$79,398$71,617$64,544$39,486
11 years$87,542$78,285$69,900$62,328$55,510$32,028
12 years$79,426$70,265$62,035$54,670$48,104$26,138
13 years$72,564$63,499$55,424$48,266$41,947$21,435
14 years$66,688$57,718$49,799$42,845$36,771$17,647
15 years$61,600$52,727$44,962$38,210$32,376$14,574
16 years$57,152$48,376$40,764$34,213$28,614$12,068
17 years$53,231$44,552$37,094$30,740$25,371$10,013
18 years$49,750$41,168$33,862$27,703$22,559$8,323
19 years$46,639$38,154$30,999$25,032$20,107$6,927
20 years$43,843$35,455$28,449$22,671$17,960$5,773
21 years$41,316$33,025$26,168$20,576$16,072$4,815
22 years$39,022$30,828$24,118$18,708$14,407$4,020
23 years$36,931$28,832$22,268$17,038$12,932$3,358
24 years$35,017$27,014$20,595$15,539$11,624$2,807
25 years$33,258$25,351$19,075$14,192$10,460$2,347
26 years$31,638$23,826$17,691$12,976$9,422$1,964
27 years$30,140$22,423$16,427$11,877$8,494$1,643
28 years$28,751$21,129$15,271$10,882$7,665$1,376
29 years$27,461$19,933$14,211$9,979$6,921$1,152
30 years$26,259$18,825$13,237$9,158$6,254$964
31 years$25,136$17,796$12,341$8,411$5,654$808
32 years$24,086$16,838$11,514$7,730$5,114$677
33 years$23,102$15,946$10,751$7,108$4,628$567
34 years$22,178$15,113$10,045$6,540$4,190$475
35 years$21,308$14,335$9,391$6,021$3,795$398
36 years$20,488$13,606$8,785$5,545$3,439$333
37 years$19,715$12,922$8,223$5,109$3,117$279
38 years$18,984$12,281$7,700$4,709$2,826$234
39 years$18,292$11,678$7,214$4,342$2,562$196
40 years$17,636$11,111$6,762$4,005$2,324$164
41 years$17,014$10,576$6,341$3,695$2,109$138
42 years$16,424$10,072$5,948$3,410$1,913$116
43 years$15,862$9,597$5,581$3,148$1,736$97
44 years$15,327$9,148$5,239$2,907$1,576$81
45 years$14,817$8,723$4,919$2,684$1,431$68
46 years$14,332$8,322$4,620$2,479$1,299$57
47 years$13,868$7,941$4,341$2,291$1,180$48
48 years$13,424$7,581$4,079$2,117$1,071$40
49 years$13,001$7,240$3,834$1,956$973$34
50 years$12,595$6,916$3,605$1,808$884$28

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 $2,378 every year, while hoping to spend $48,807 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: 31/48/21 Blend
61$12,900,000$12,900,000$12,900,000$12,900,000
62$14,218,253$13,534,553$13,334,603$14,566,081
63$15,616,584$14,145,816$13,729,382$15,440,624
64$17,155,910$14,785,395$14,135,750$16,376,827
65$18,850,559$15,454,626$14,554,044$17,383,614
66$20,716,323$16,154,908$14,984,611$18,467,158
67$22,770,598$16,887,710$15,427,806$19,634,220
68$25,032,558$17,654,566$15,883,997$20,892,203
69$27,523,328$18,457,089$16,353,559$22,249,217
70$30,266,186$19,296,965$16,836,882$23,714,146
71$33,286,783$20,175,962$17,334,363$25,296,733
72$36,613,384$21,095,933$17,846,414$27,007,653
73$40,277,136$22,058,821$18,373,456$28,858,619
74$44,312,360$23,066,660$18,915,923$30,862,472
75$48,756,877$24,121,582$19,474,262$33,033,304
76$53,652,360$25,225,821$20,048,932$35,386,577
77$59,044,735$26,381,721$20,640,405$37,939,261
78$64,984,607$27,591,734$21,249,168$40,709,986
79$71,527,741$28,858,433$21,875,719$43,719,205
80$78,735,588$30,184,513$22,520,573$46,989,381
81$86,675,864$31,572,800$23,184,258$50,545,183
82$95,423,189$33,026,255$23,867,317$54,413,713
83$105,059,792$34,547,979$24,570,311$58,624,746
84$115,676,288$36,141,227$25,293,813$63,210,999
85$127,372,528$37,809,406$26,038,414$68,208,430
86$140,258,549$39,556,090$26,804,724$73,656,560
87$154,455,605$41,385,022$27,593,367$79,598,833
88$170,097,318$43,300,129$28,404,985$86,083,014
89$187,330,933$45,305,525$29,240,241$93,161,619
90$206,318,713$47,405,521$30,099,815$100,892,399
91$227,239,468$49,604,637$30,984,405$109,338,869
92$250,290,242$51,907,612$31,894,730$118,570,883
93$275,688,173$54,319,412$32,831,530$128,665,282
94$303,672,546$56,845,242$33,795,566$139,706,597
95$334,507,046$59,490,560$34,787,618$151,787,825
96$368,482,252$62,261,085$35,808,490$165,011,289
97$405,918,378$65,162,813$36,859,010$179,489,579
98$447,168,292$68,202,031$37,940,027$195,346,592
99$492,620,854$71,385,327$39,052,414$212,718,678
100$542,704,582$74,719,609$40,197,071$231,755,900