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

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$987,461
2 years$527,361$517,540$508,021$498,792$489,840$448,846
3 years$348,082$338,218$328,723$319,581$310,775$271,280
4 years$258,460$248,626$239,226$230,240$221,647$183,953
5 years$204,701$194,926$185,649$176,846$168,493$132,695
6 years$168,873$159,172$150,032$141,425$133,322$99,443
7 years$143,292$133,672$124,678$116,274$108,427$76,453
8 years$124,114$114,582$105,736$97,539$89,951$59,849
9 years$109,207$99,764$91,071$83,082$75,751$47,477
10 years$97,287$87,937$79,398$71,617$64,544$38,040
11 years$87,542$78,285$69,900$62,328$55,510$30,714
12 years$79,426$70,265$62,035$54,670$48,104$24,948
13 years$72,564$63,499$55,424$48,266$41,947$20,361
14 years$66,688$57,718$49,799$42,845$36,771$16,681
15 years$61,600$52,727$44,962$38,210$32,376$13,708
16 years$57,152$48,376$40,764$34,213$28,614$11,293
17 years$53,231$44,552$37,094$30,740$25,371$9,322
18 years$49,750$41,168$33,862$27,703$22,559$7,708
19 years$46,639$38,154$30,999$25,032$20,107$6,381
20 years$43,843$35,455$28,449$22,671$17,960$5,289
21 years$41,316$33,025$26,168$20,576$16,072$4,388
22 years$39,022$30,828$24,118$18,708$14,407$3,643
23 years$36,931$28,832$22,268$17,038$12,932$3,027
24 years$35,017$27,014$20,595$15,539$11,624$2,516
25 years$33,258$25,351$19,075$14,192$10,460$2,092
26 years$31,638$23,826$17,691$12,976$9,422$1,740
27 years$30,140$22,423$16,427$11,877$8,494$1,448
28 years$28,751$21,129$15,271$10,882$7,665$1,205
29 years$27,461$19,933$14,211$9,979$6,921$1,003
30 years$26,259$18,825$13,237$9,158$6,254$835
31 years$25,136$17,796$12,341$8,411$5,654$696
32 years$24,086$16,838$11,514$7,730$5,114$579
33 years$23,102$15,946$10,751$7,108$4,628$483
34 years$22,178$15,113$10,045$6,540$4,190$402
35 years$21,308$14,335$9,391$6,021$3,795$335
36 years$20,488$13,606$8,785$5,545$3,439$279
37 years$19,715$12,922$8,223$5,109$3,117$232
38 years$18,984$12,281$7,700$4,709$2,826$194
39 years$18,292$11,678$7,214$4,342$2,562$161
40 years$17,636$11,111$6,762$4,005$2,324$134
41 years$17,014$10,576$6,341$3,695$2,109$112
42 years$16,424$10,072$5,948$3,410$1,913$93
43 years$15,862$9,597$5,581$3,148$1,736$78
44 years$15,327$9,148$5,239$2,907$1,576$65
45 years$14,817$8,723$4,919$2,684$1,431$54
46 years$14,332$8,322$4,620$2,479$1,299$45
47 years$13,868$7,941$4,341$2,291$1,180$38
48 years$13,424$7,581$4,079$2,117$1,071$31
49 years$13,001$7,240$3,834$1,956$973$26
50 years$12,595$6,916$3,605$1,808$884$22

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 $5,589 every year, while hoping to spend $33,220 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: 63/11/26 Blend
61$12,900,000$12,900,000$12,900,000$12,900,000
62$14,221,565$13,537,865$13,337,915$15,019,177
63$15,636,819$14,165,875$13,749,389$16,187,986
64$17,195,315$14,823,543$14,173,535$17,459,936
65$18,911,630$15,512,289$14,610,740$18,848,550
66$20,801,824$16,233,599$15,061,408$20,365,260
67$22,883,595$16,989,031$15,525,951$22,022,643
68$25,176,447$17,780,219$16,004,795$23,834,543
69$27,701,870$18,608,875$16,498,381$25,816,194
70$30,483,545$19,476,794$17,007,161$27,984,368
71$33,547,567$20,385,857$17,531,602$30,357,524
72$36,922,692$21,338,038$18,072,184$32,955,983
73$40,640,609$22,335,404$18,629,404$35,802,115
74$44,736,235$23,380,122$19,203,773$38,920,552
75$49,248,048$24,474,465$19,795,816$42,338,411
76$54,218,451$25,620,816$20,406,078$46,085,550
77$59,694,169$26,821,672$21,035,118$50,194,849
78$65,726,691$28,079,651$21,683,511$54,702,510
79$72,372,758$29,397,498$22,351,853$59,648,404
80$79,694,895$30,778,091$23,040,756$65,076,436
81$87,762,003$32,224,447$23,750,850$71,034,959
82$96,650,011$33,739,728$24,482,787$77,577,226
83$106,442,588$35,327,251$25,237,236$84,761,891
84$117,231,938$36,990,492$26,014,890$92,653,551
85$129,119,666$38,733,096$26,816,459$101,323,362
86$142,217,740$40,558,886$27,642,678$110,849,694
87$156,649,544$42,471,867$28,494,303$121,318,876
88$172,551,050$44,476,240$29,372,114$132,826,000
89$190,072,091$46,576,410$30,276,914$145,475,815
90$209,377,784$48,776,994$31,209,531$159,383,710
91$230,650,086$51,082,835$32,170,818$174,676,798
92$254,089,510$53,499,009$33,161,655$191,495,111
93$279,917,018$56,030,838$34,182,949$209,992,910
94$308,376,109$58,683,904$35,235,632$230,340,144
95$339,735,115$61,464,058$36,320,669$252,724,037
96$374,289,735$64,377,436$37,439,050$277,350,859
97$412,365,829$67,430,471$38,591,799$304,447,855
98$454,322,488$70,629,908$39,779,969$334,265,392
99$500,555,430$73,982,822$41,004,646$367,079,308
100$551,500,731$77,496,628$42,266,949$403,193,511