Can I retire at age 62 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,013,203
2 years$535,538$525,564$515,897$506,525$497,434$466,055
3 years$353,479$343,462$333,820$324,536$315,593$285,226
4 years$262,467$252,481$242,935$233,810$225,083$195,963
5 years$207,874$197,948$188,528$179,588$171,105$143,310
6 years$171,491$161,639$152,358$143,618$135,389$108,944
7 years$145,513$135,744$126,611$118,076$110,108$85,011
8 years$126,039$116,358$107,376$99,051$91,345$67,582
9 years$110,900$101,311$92,483$84,370$76,926$54,471
10 years$98,796$89,300$80,629$72,728$65,545$44,366
11 years$88,899$79,499$70,984$63,295$56,371$36,432
12 years$80,658$71,354$62,997$55,518$48,850$30,110
13 years$73,689$64,483$56,283$49,014$42,598$25,014
14 years$67,722$58,613$50,571$43,509$37,341$20,868
15 years$62,555$53,544$45,659$38,803$32,878$17,469
16 years$58,038$49,126$41,396$34,744$29,058$14,664
17 years$54,057$45,243$37,669$31,217$25,764$12,339
18 years$50,522$41,807$34,387$28,133$22,909$10,402
19 years$47,362$38,746$31,480$25,420$20,419$8,784
20 years$44,523$36,005$28,890$23,023$18,239$7,427
21 years$41,957$33,537$26,574$20,895$16,321$6,287
22 years$39,627$31,305$24,492$18,998$14,630$5,327
23 years$37,503$29,279$22,614$17,302$13,133$4,517
24 years$35,559$27,433$20,914$15,780$11,804$3,833
25 years$33,774$25,744$19,370$14,412$10,622$3,255
26 years$32,128$24,196$17,965$13,177$9,568$2,765
27 years$30,607$22,771$16,682$12,061$8,626$2,349
28 years$29,197$21,457$15,508$11,051$7,783$1,997
29 years$27,887$20,242$14,432$10,134$7,028$1,698
30 years$26,666$19,117$13,443$9,300$6,350$1,445
31 years$25,526$18,071$12,532$8,542$5,741$1,229
32 years$24,460$17,099$11,693$7,850$5,194$1,046
33 years$23,460$16,193$10,918$7,219$4,700$890
34 years$22,521$15,348$10,201$6,642$4,255$758
35 years$21,638$14,557$9,537$6,114$3,854$645
36 years$20,806$13,817$8,922$5,631$3,492$549
37 years$20,020$13,123$8,350$5,188$3,165$467
38 years$19,278$12,471$7,820$4,782$2,869$398
39 years$18,575$11,859$7,326$4,409$2,602$339
40 years$17,910$11,283$6,867$4,067$2,360$289
41 years$17,278$10,740$6,439$3,752$2,141$246
42 years$16,678$10,229$6,040$3,463$1,943$209
43 years$16,108$9,746$5,668$3,197$1,763$178
44 years$15,565$9,290$5,320$2,952$1,601$152
45 years$15,047$8,859$4,995$2,726$1,453$129
46 years$14,554$8,451$4,692$2,518$1,319$110
47 years$14,083$8,065$4,408$2,326$1,198$94
48 years$13,632$7,699$4,142$2,150$1,088$80
49 years$13,202$7,352$3,893$1,987$988$68
50 years$12,790$7,023$3,660$1,836$898$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,100,000, adding $5,455 every year, while hoping to spend $30,061 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: 68/19/13 Blend
61$13,100,000$13,100,000$13,100,000$13,100,000
62$14,441,827$13,747,527$13,544,477$15,381,448
63$15,882,908$14,389,171$13,966,232$16,649,011
64$17,469,973$15,061,248$14,401,109$18,030,756
65$19,217,879$15,765,218$14,849,514$19,541,207
66$21,142,999$16,502,610$15,311,870$21,192,994
67$23,263,376$17,275,029$15,788,608$23,000,014
68$25,598,890$18,084,155$16,280,177$24,977,562
69$28,171,451$18,931,753$16,787,036$27,142,467
70$31,005,199$19,819,669$17,309,662$29,513,253
71$34,126,737$20,749,841$17,848,544$32,110,307
72$37,565,382$21,724,300$18,404,188$34,956,070
73$41,353,436$22,745,176$18,977,113$38,075,243
74$45,526,498$23,814,701$19,567,858$41,495,019
75$50,123,794$24,935,215$20,176,975$45,245,335
76$55,188,554$26,109,173$20,805,036$49,359,149
77$60,768,411$27,339,147$21,452,629$53,872,749
78$66,915,858$28,627,835$22,120,362$58,826,091
79$73,688,740$29,978,064$22,808,859$64,263,168
80$81,150,802$31,392,799$23,518,765$70,232,427
81$89,372,287$32,875,149$24,250,747$76,787,213
82$98,430,602$34,428,374$25,005,489$83,986,275
83$108,411,050$36,055,890$25,783,699$91,894,311
84$119,407,630$37,761,281$26,586,106$100,582,572
85$131,523,928$39,548,304$27,413,461$110,129,533
86$144,874,096$41,420,898$28,266,539$120,621,622
87$159,583,924$43,383,193$29,146,138$132,154,033
88$175,792,035$45,439,519$30,053,084$144,831,618
89$193,651,184$47,594,418$30,988,224$158,769,866
90$213,329,711$49,852,650$31,952,436$174,095,988
91$235,013,119$52,219,208$32,946,620$190,950,113
92$258,905,835$54,699,326$33,971,709$209,486,596
93$285,233,130$57,298,494$35,028,662$229,875,470
94$314,243,255$60,022,465$36,118,468$252,304,045
95$346,209,778$62,877,277$37,242,147$276,978,662
96$381,434,168$65,869,256$38,400,751$304,126,632
97$420,248,641$69,005,038$39,595,365$333,998,374
98$463,019,300$72,291,582$40,827,107$366,869,766
99$510,149,582$75,736,183$42,097,128$403,044,739
100$562,084,075$79,346,492$43,406,619$442,858,134