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%17%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,007,088
2 years$531,449$521,552$511,959$502,659$493,637$464,096
3 years$350,780$340,840$331,272$322,058$313,184$284,577
4 years$260,463$250,553$241,081$232,025$223,365$195,912
5 years$206,287$196,437$187,089$178,217$169,799$143,574
6 years$170,182$160,405$151,195$142,522$134,356$109,385
7 years$144,402$134,708$125,644$117,175$109,267$85,549
8 years$125,077$115,470$106,556$98,295$90,648$68,170
9 years$110,053$100,537$91,777$83,726$76,339$55,078
10 years$98,042$88,619$80,013$72,172$65,044$44,973
11 years$88,220$78,892$70,442$62,812$55,940$37,025
12 years$80,042$70,809$62,516$55,094$48,477$30,682
13 years$73,127$63,991$55,854$48,640$42,273$25,558
14 years$67,205$58,166$50,185$43,177$37,056$21,381
15 years$62,077$53,136$45,310$38,506$32,627$17,948
16 years$57,595$48,751$41,080$34,478$28,836$15,110
17 years$53,644$44,898$37,381$30,978$25,568$12,751
18 years$50,136$41,488$34,124$27,918$22,734$10,782
19 years$47,001$38,450$31,239$25,226$20,263$9,132
20 years$44,183$35,730$28,670$22,847$18,099$7,745
21 years$41,637$33,281$26,371$20,735$16,197$6,576
22 years$39,325$31,067$24,305$18,853$14,518$5,590
23 years$37,217$29,056$22,441$17,170$13,032$4,755
24 years$35,288$27,224$20,754$15,660$11,714$4,048
25 years$33,516$25,548$19,223$14,302$10,541$3,448
26 years$31,883$24,011$17,828$13,077$9,495$2,938
27 years$30,373$22,597$16,555$11,969$8,560$2,505
28 years$28,974$21,293$15,390$10,966$7,724$2,136
29 years$27,674$20,088$14,322$10,056$6,975$1,823
30 years$26,462$18,971$13,340$9,229$6,302$1,555
31 years$25,331$17,934$12,436$8,476$5,698$1,328
32 years$24,273$16,969$11,603$7,790$5,154$1,134
33 years$23,281$16,070$10,834$7,164$4,664$968
34 years$22,349$15,230$10,123$6,591$4,223$827
35 years$21,473$14,446$9,464$6,067$3,825$706
36 years$20,647$13,711$8,853$5,588$3,466$603
37 years$19,868$13,022$8,287$5,149$3,141$515
38 years$19,131$12,376$7,760$4,746$2,848$440
39 years$18,434$11,768$7,270$4,376$2,582$376
40 years$17,773$11,197$6,815$4,036$2,342$321
41 years$17,146$10,658$6,390$3,724$2,125$275
42 years$16,551$10,150$5,994$3,436$1,928$235
43 years$15,985$9,671$5,624$3,172$1,750$200
44 years$15,446$9,219$5,280$2,929$1,588$171
45 years$14,932$8,791$4,957$2,705$1,442$146
46 years$14,443$8,386$4,656$2,499$1,309$125
47 years$13,975$8,003$4,374$2,309$1,189$107
48 years$13,528$7,640$4,111$2,133$1,080$91
49 years$13,101$7,296$3,864$1,971$981$78
50 years$12,693$6,969$3,632$1,822$891$67

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 $6,779 every year, while hoping to spend $34,911 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: 65/14/21 Blend
61$13,000,000$13,000,000$13,000,000$13,000,000
62$14,332,993$13,643,993$13,442,493$15,187,410
63$15,757,813$14,275,403$13,855,671$16,393,951
64$17,326,795$14,936,583$14,281,521$17,707,432
65$19,054,606$15,628,953$14,720,430$19,142,100
66$20,957,408$16,354,005$15,172,797$20,709,838
67$23,053,013$17,113,300$15,639,035$22,423,723
68$25,361,044$17,908,476$16,119,567$24,298,144
69$27,903,129$18,741,249$16,614,830$26,348,939
70$30,703,097$19,613,419$17,125,275$28,593,540
71$33,787,207$20,526,871$17,651,367$31,051,135
72$37,184,398$21,483,583$18,193,583$33,742,845
73$40,926,555$22,485,627$18,752,416$36,691,923
74$45,048,816$23,535,176$19,328,375$39,923,967
75$49,589,902$24,634,507$19,921,983$43,467,160
76$54,592,482$25,786,007$20,533,779$47,352,535
77$60,103,573$26,992,180$21,164,319$51,614,258
78$66,174,990$28,255,649$21,814,176$56,289,953
79$72,863,828$29,579,164$22,483,939$61,421,051
80$80,233,005$30,965,611$23,174,219$67,053,175
81$88,351,857$32,418,010$23,885,640$73,236,570
82$97,296,786$33,939,533$24,618,848$80,026,569
83$107,151,989$35,533,500$25,374,510$87,484,115
84$118,010,247$37,203,397$26,153,312$95,676,328
85$129,973,802$38,952,874$26,955,958$104,677,134
86$143,155,326$40,785,761$27,783,179$114,567,958
87$157,678,977$42,706,071$28,635,723$125,438,490
88$173,681,578$44,718,013$29,514,365$137,387,520
89$191,313,903$46,826,000$30,419,900$150,523,870
90$210,742,105$49,034,658$31,353,151$164,967,413
91$232,149,280$51,348,837$32,314,962$180,850,196
92$255,737,199$53,773,622$33,306,205$198,317,684
93$281,728,209$56,314,345$34,327,779$217,530,123
94$310,367,336$58,976,597$35,380,608$238,664,047
95$341,924,593$61,766,239$36,465,647$261,913,934
96$376,697,533$64,689,417$37,583,879$287,494,038
97$415,014,058$67,752,575$38,736,315$315,640,399
98$457,235,509$70,962,468$39,923,999$346,613,068
99$503,760,084$74,326,182$41,148,006$380,698,547
100$555,026,592$77,851,144$42,409,443$418,212,485