Can I retire at age 62 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$996,689
2 years$531,449$521,552$511,959$502,659$493,637$453,866
3 years$350,780$340,840$331,272$322,058$313,184$274,841
4 years$260,463$250,553$241,081$232,025$223,365$186,744
5 years$206,287$196,437$187,089$178,217$169,799$134,993
6 years$170,182$160,405$151,195$142,522$134,356$101,388
7 years$144,402$134,708$125,644$117,175$109,267$78,128
8 years$125,077$115,470$106,556$98,295$90,648$61,306
9 years$110,053$100,537$91,777$83,726$76,339$48,752
10 years$98,042$88,619$80,013$72,172$65,044$39,161
11 years$88,220$78,892$70,442$62,812$55,940$31,702
12 years$80,042$70,809$62,516$55,094$48,477$25,820
13 years$73,127$63,991$55,854$48,640$42,273$21,131
14 years$67,205$58,166$50,185$43,177$37,056$17,360
15 years$62,077$53,136$45,310$38,506$32,627$14,307
16 years$57,595$48,751$41,080$34,478$28,836$11,820
17 years$53,644$44,898$37,381$30,978$25,568$9,786
18 years$50,136$41,488$34,124$27,918$22,734$8,116
19 years$47,001$38,450$31,239$25,226$20,263$6,740
20 years$44,183$35,730$28,670$22,847$18,099$5,604
21 years$41,637$33,281$26,371$20,735$16,197$4,663
22 years$39,325$31,067$24,305$18,853$14,518$3,884
23 years$37,217$29,056$22,441$17,170$13,032$3,237
24 years$35,288$27,224$20,754$15,660$11,714$2,699
25 years$33,516$25,548$19,223$14,302$10,541$2,252
26 years$31,883$24,011$17,828$13,077$9,495$1,879
27 years$30,373$22,597$16,555$11,969$8,560$1,569
28 years$28,974$21,293$15,390$10,966$7,724$1,310
29 years$27,674$20,088$14,322$10,056$6,975$1,094
30 years$26,462$18,971$13,340$9,229$6,302$914
31 years$25,331$17,934$12,436$8,476$5,698$764
32 years$24,273$16,969$11,603$7,790$5,154$638
33 years$23,281$16,070$10,834$7,164$4,664$533
34 years$22,349$15,230$10,123$6,591$4,223$446
35 years$21,473$14,446$9,464$6,067$3,825$372
36 years$20,647$13,711$8,853$5,588$3,466$311
37 years$19,868$13,022$8,287$5,149$3,141$260
38 years$19,131$12,376$7,760$4,746$2,848$218
39 years$18,434$11,768$7,270$4,376$2,582$182
40 years$17,773$11,197$6,815$4,036$2,342$152
41 years$17,146$10,658$6,390$3,724$2,125$127
42 years$16,551$10,150$5,994$3,436$1,928$106
43 years$15,985$9,671$5,624$3,172$1,750$89
44 years$15,446$9,219$5,280$2,929$1,588$74
45 years$14,932$8,791$4,957$2,705$1,442$62
46 years$14,443$8,386$4,656$2,499$1,309$52
47 years$13,975$8,003$4,374$2,309$1,189$43
48 years$13,528$7,640$4,111$2,133$1,080$36
49 years$13,101$7,296$3,864$1,971$981$30
50 years$12,693$6,969$3,632$1,822$891$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,000,000, adding $4,933 every year, while hoping to spend $33,455 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: 47/25/28 Blend
61$13,000,000$13,000,000$13,000,000$13,000,000
62$14,331,088$13,642,088$13,440,588$14,889,365
63$15,757,264$14,274,955$13,855,252$15,916,833
64$17,327,787$14,937,711$14,282,686$17,027,847
65$19,057,348$15,631,785$14,723,282$18,233,257
66$20,962,131$16,358,675$15,177,446$19,541,956
67$23,059,971$17,119,953$15,645,593$20,963,714
68$25,370,521$17,917,264$16,128,153$22,509,267
69$27,915,438$18,752,334$16,625,570$24,190,412
70$30,718,586$19,626,972$17,138,300$26,020,116
71$33,806,262$20,543,073$17,666,814$28,012,633
72$37,207,444$21,502,627$18,211,595$30,183,633
73$40,954,064$22,507,717$18,773,144$32,550,346
74$45,081,310$23,560,527$19,351,977$35,131,720
75$49,627,959$24,663,347$19,948,623$37,948,593
76$54,636,739$25,818,579$20,563,629$41,023,884
77$60,154,736$27,028,740$21,197,561$44,382,804
78$66,233,838$28,296,467$21,850,998$48,053,087
79$72,931,223$29,624,527$22,524,540$52,065,249
80$80,309,899$31,015,821$23,218,804$56,452,861
81$88,439,301$32,473,388$23,934,426$61,252,870
82$97,395,942$34,000,417$24,672,062$66,505,929
83$107,264,140$35,600,248$25,432,387$72,256,782
84$118,136,808$37,276,387$26,216,098$78,554,675
85$130,116,338$39,032,505$27,023,913$85,453,810
86$143,315,562$40,872,456$27,856,572$93,013,852
87$157,858,819$42,800,275$28,714,836$101,300,481
88$173,883,127$44,820,197$29,599,492$110,386,001
89$191,539,480$46,936,661$30,511,349$120,350,018
90$210,994,270$49,154,320$31,451,241$131,280,174
91$232,430,857$51,478,054$32,420,030$143,272,968
92$256,051,305$53,912,979$33,418,601$156,434,654
93$282,078,282$56,464,459$34,447,869$170,882,233
94$310,757,167$59,138,118$35,508,773$186,744,544
95$342,358,367$61,939,854$36,602,285$204,163,469
96$377,179,863$64,875,850$37,729,405$223,295,257
97$415,550,032$67,952,590$38,891,163$244,311,984
98$457,830,740$71,176,871$40,088,621$267,403,166
99$504,420,760$74,555,822$41,322,874$292,777,529
100$555,759,537$78,096,917$42,595,051$320,664,969