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

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 $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%14.4%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,017,790
2 years$531,449$521,552$511,959$502,659$493,637$474,716
3 years$350,780$340,840$331,272$322,058$313,184$294,778
4 years$260,463$250,553$241,081$232,025$223,365$205,617
5 years$206,287$196,437$187,089$178,217$169,799$152,759
6 years$170,182$160,405$151,195$142,522$134,356$118,044
7 years$144,402$134,708$125,644$117,175$109,267$93,687
8 years$125,077$115,470$106,556$98,295$90,648$75,795
9 years$110,053$100,537$91,777$83,726$76,339$62,205
10 years$98,042$88,619$80,013$72,172$65,044$51,618
11 years$88,220$78,892$70,442$62,812$55,940$43,205
12 years$80,042$70,809$62,516$55,094$48,477$36,415
13 years$73,127$63,991$55,854$48,640$42,273$30,866
14 years$67,205$58,166$50,185$43,177$37,056$26,284
15 years$62,077$53,136$45,310$38,506$32,627$22,469
16 years$57,595$48,751$41,080$34,478$28,836$19,268
17 years$53,644$44,898$37,381$30,978$25,568$16,569
18 years$50,136$41,488$34,124$27,918$22,734$14,280
19 years$47,001$38,450$31,239$25,226$20,263$12,331
20 years$44,183$35,730$28,670$22,847$18,099$10,666
21 years$41,637$33,281$26,371$20,735$16,197$9,239
22 years$39,325$31,067$24,305$18,853$14,518$8,012
23 years$37,217$29,056$22,441$17,170$13,032$6,956
24 years$35,288$27,224$20,754$15,660$11,714$6,044
25 years$33,516$25,548$19,223$14,302$10,541$5,256
26 years$31,883$24,011$17,828$13,077$9,495$4,574
27 years$30,373$22,597$16,555$11,969$8,560$3,983
28 years$28,974$21,293$15,390$10,966$7,724$3,469
29 years$27,674$20,088$14,322$10,056$6,975$3,024
30 years$26,462$18,971$13,340$9,229$6,302$2,636
31 years$25,331$17,934$12,436$8,476$5,698$2,299
32 years$24,273$16,969$11,603$7,790$5,154$2,006
33 years$23,281$16,070$10,834$7,164$4,664$1,750
34 years$22,349$15,230$10,123$6,591$4,223$1,528
35 years$21,473$14,446$9,464$6,067$3,825$1,334
36 years$20,647$13,711$8,853$5,588$3,466$1,164
37 years$19,868$13,022$8,287$5,149$3,141$1,017
38 years$19,131$12,376$7,760$4,746$2,848$888
39 years$18,434$11,768$7,270$4,376$2,582$776
40 years$17,773$11,197$6,815$4,036$2,342$678
41 years$17,146$10,658$6,390$3,724$2,125$592
42 years$16,551$10,150$5,994$3,436$1,928$517
43 years$15,985$9,671$5,624$3,172$1,750$452
44 years$15,446$9,219$5,280$2,929$1,588$395
45 years$14,932$8,791$4,957$2,705$1,442$345
46 years$14,443$8,386$4,656$2,499$1,309$302
47 years$13,975$8,003$4,374$2,309$1,189$263
48 years$13,528$7,640$4,111$2,133$1,080$230
49 years$13,101$7,296$3,864$1,971$981$201
50 years$12,693$6,969$3,632$1,822$891$176

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 $3,600 every year, while hoping to spend $30,872 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: 51/28/21 Blend
61$13,000,000$13,000,000$13,000,000$13,000,000
62$14,329,713$13,640,713$13,439,213$14,976,645
63$15,758,497$14,276,261$13,856,579$16,059,567
64$17,331,981$14,941,915$14,286,893$17,232,881
65$19,064,893$15,639,120$14,730,554$18,507,963
66$20,973,462$16,369,386$15,187,977$19,894,467
67$23,075,569$17,134,300$15,659,588$21,403,003
68$25,390,920$17,935,523$16,145,827$23,045,228
69$27,941,228$18,774,798$16,647,147$24,833,956
70$30,750,421$19,653,951$17,164,014$26,783,272
71$33,844,867$20,574,897$17,696,911$28,908,663
72$37,253,619$21,539,644$18,246,334$31,227,156
73$41,008,697$22,550,295$18,812,794$33,757,475
74$45,145,382$23,609,057$19,396,821$36,520,211
75$49,702,553$24,718,243$19,998,956$39,538,013
76$54,723,054$25,880,277$20,619,762$42,835,794
77$60,254,098$27,097,703$21,259,817$46,440,960
78$66,347,712$28,373,186$21,919,716$50,383,665
79$73,061,226$29,709,520$22,600,074$54,697,084
80$80,457,819$31,109,634$23,301,524$59,417,722
81$88,607,111$32,576,601$24,024,721$64,585,751
82$97,585,823$34,113,642$24,770,335$70,245,382
83$107,478,499$35,724,132$25,539,063$76,445,274
84$118,378,304$37,411,612$26,331,619$83,238,981
85$130,387,904$39,179,794$27,148,742$90,685,455
86$143,620,436$41,032,570$27,991,191$98,849,590
87$158,200,574$42,974,020$28,859,750$107,802,824
88$174,265,709$45,008,423$29,755,228$117,623,804
89$191,967,241$47,140,265$30,678,457$128,399,121
90$211,472,012$49,374,251$31,630,298$140,224,109
91$232,963,879$51,715,310$32,611,634$153,203,743
92$256,645,450$54,168,617$33,623,380$167,453,608
93$282,739,999$56,739,591$34,666,476$183,100,987
94$311,493,567$59,433,920$35,741,892$200,286,039
95$343,177,294$62,257,565$36,850,628$219,163,120
96$378,089,969$65,216,777$37,993,715$239,902,214
97$416,560,858$68,318,111$39,172,216$262,690,532
98$458,952,807$71,568,440$40,387,227$287,734,258
99$505,665,671$74,974,971$41,639,877$315,260,481
100$557,140,088$78,545,263$42,931,331$345,519,319