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%14.5%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,017,373
2 years$531,449$521,552$511,959$502,659$493,637$474,300
3 years$350,780$340,840$331,272$322,058$313,184$294,377
4 years$260,463$250,553$241,081$232,025$223,365$205,233
5 years$206,287$196,437$187,089$178,217$169,799$152,394
6 years$170,182$160,405$151,195$142,522$134,356$117,698
7 years$144,402$134,708$125,644$117,175$109,267$93,360
8 years$125,077$115,470$106,556$98,295$90,648$75,487
9 years$110,053$100,537$91,777$83,726$76,339$61,915
10 years$98,042$88,619$80,013$72,172$65,044$51,346
11 years$88,220$78,892$70,442$62,812$55,940$42,950
12 years$80,042$70,809$62,516$55,094$48,477$36,177
13 years$73,127$63,991$55,854$48,640$42,273$30,644
14 years$67,205$58,166$50,185$43,177$37,056$26,077
15 years$62,077$53,136$45,310$38,506$32,627$22,276
16 years$57,595$48,751$41,080$34,478$28,836$19,090
17 years$53,644$44,898$37,381$30,978$25,568$16,404
18 years$50,136$41,488$34,124$27,918$22,734$14,128
19 years$47,001$38,450$31,239$25,226$20,263$12,191
20 years$44,183$35,730$28,670$22,847$18,099$10,537
21 years$41,637$33,281$26,371$20,735$16,197$9,120
22 years$39,325$31,067$24,305$18,853$14,518$7,903
23 years$37,217$29,056$22,441$17,170$13,032$6,856
24 years$35,288$27,224$20,754$15,660$11,714$5,952
25 years$33,516$25,548$19,223$14,302$10,541$5,172
26 years$31,883$24,011$17,828$13,077$9,495$4,497
27 years$30,373$22,597$16,555$11,969$8,560$3,913
28 years$28,974$21,293$15,390$10,966$7,724$3,406
29 years$27,674$20,088$14,322$10,056$6,975$2,966
30 years$26,462$18,971$13,340$9,229$6,302$2,584
31 years$25,331$17,934$12,436$8,476$5,698$2,251
32 years$24,273$16,969$11,603$7,790$5,154$1,963
33 years$23,281$16,070$10,834$7,164$4,664$1,711
34 years$22,349$15,230$10,123$6,591$4,223$1,492
35 years$21,473$14,446$9,464$6,067$3,825$1,302
36 years$20,647$13,711$8,853$5,588$3,466$1,135
37 years$19,868$13,022$8,287$5,149$3,141$991
38 years$19,131$12,376$7,760$4,746$2,848$865
39 years$18,434$11,768$7,270$4,376$2,582$754
40 years$17,773$11,197$6,815$4,036$2,342$659
41 years$17,146$10,658$6,390$3,724$2,125$575
42 years$16,551$10,150$5,994$3,436$1,928$502
43 years$15,985$9,671$5,624$3,172$1,750$438
44 years$15,446$9,219$5,280$2,929$1,588$382
45 years$14,932$8,791$4,957$2,705$1,442$334
46 years$14,443$8,386$4,656$2,499$1,309$292
47 years$13,975$8,003$4,374$2,309$1,189$255
48 years$13,528$7,640$4,111$2,133$1,080$222
49 years$13,101$7,296$3,864$1,971$981$194
50 years$12,693$6,969$3,632$1,822$891$169

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 $6,578 every year, while hoping to spend $58,401 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: 67/25/8 Blend
61$13,000,000$13,000,000$13,000,000$13,000,000
62$14,332,785$13,643,785$13,442,285$15,271,394
63$15,732,591$14,250,192$13,830,464$16,501,791
64$17,273,220$14,884,356$14,229,689$17,838,779
65$18,968,974$15,547,575$14,640,269$19,298,866
66$20,835,612$16,241,209$15,062,520$20,894,071
67$22,890,499$16,966,683$15,496,769$22,637,614
68$25,152,768$17,725,489$15,943,350$24,544,043
69$27,643,504$18,519,191$16,402,605$26,629,362
70$30,385,937$19,349,427$16,874,888$28,911,184
71$33,405,666$20,217,912$17,360,560$31,408,889
72$36,730,898$21,126,445$17,859,994$34,143,806
73$40,392,717$22,076,908$18,373,571$37,139,410
74$44,425,373$23,071,275$18,901,683$40,421,541
75$48,866,606$24,111,612$19,444,735$44,018,638
76$53,758,005$25,200,086$20,003,139$47,962,011
77$59,145,397$26,338,967$20,577,320$52,286,127
78$65,079,282$27,530,630$21,167,714$57,028,930
79$71,615,306$28,777,568$21,774,770$62,232,199
80$78,814,789$30,082,392$22,398,947$67,941,930
81$86,745,304$31,447,835$23,040,718$74,208,772
82$95,481,311$32,876,765$23,700,568$81,088,493
83$105,104,861$34,372,183$24,378,994$88,642,505
84$115,706,375$35,937,238$25,076,508$96,938,435
85$127,385,488$37,575,225$25,793,634$106,050,759
86$140,251,999$39,289,602$26,530,911$116,061,494
87$154,426,899$41,083,989$27,288,893$127,060,970
88$170,043,518$42,962,180$28,068,147$139,148,673
89$187,248,783$44,928,153$28,869,256$152,434,174
90$206,204,601$46,986,074$29,692,817$167,038,159
91$227,089,390$49,140,312$30,539,446$183,093,559
92$250,099,763$51,395,442$31,409,773$200,746,792
93$275,452,382$53,756,262$32,304,444$220,159,143
94$303,386,006$56,227,800$33,224,124$241,508,268
95$334,163,740$58,815,323$34,169,493$264,989,867
96$368,075,522$61,524,355$35,141,252$290,819,521
97$405,440,859$64,360,682$36,140,118$319,234,710
98$446,611,842$67,330,371$37,166,827$350,497,051
99$491,976,469$70,439,779$38,222,135$384,894,747
100$541,962,311$73,695,569$39,306,818$422,745,304