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

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,030,705
2 years$535,538$525,564$515,897$506,525$497,434$483,445
3 years$353,479$343,462$333,820$324,536$315,593$301,956
4 years$262,467$252,481$242,935$233,810$225,083$211,905
5 years$207,874$197,948$188,528$179,588$171,105$158,423
6 years$171,491$161,639$152,358$143,618$135,389$123,219
7 years$145,513$135,744$126,611$118,076$110,108$98,453
8 years$126,039$116,358$107,376$99,051$91,345$80,205
9 years$110,900$101,311$92,483$84,370$76,926$66,295
10 years$98,796$89,300$80,629$72,728$65,545$55,416
11 years$88,899$79,499$70,984$63,295$56,371$46,734
12 years$80,658$71,354$62,997$55,518$48,850$39,695
13 years$73,689$64,483$56,283$49,014$42,598$33,912
14 years$67,722$58,613$50,571$43,509$37,341$29,112
15 years$62,555$53,544$45,659$38,803$32,878$25,091
16 years$58,038$49,126$41,396$34,744$29,058$21,699
17 years$54,057$45,243$37,669$31,217$25,764$18,818
18 years$50,522$41,807$34,387$28,133$22,909$16,360
19 years$47,362$38,746$31,480$25,420$20,419$14,253
20 years$44,523$36,005$28,890$23,023$18,239$12,439
21 years$41,957$33,537$26,574$20,895$16,321$10,872
22 years$39,627$31,305$24,492$18,998$14,630$9,516
23 years$37,503$29,279$22,614$17,302$13,133$8,338
24 years$35,559$27,433$20,914$15,780$11,804$7,314
25 years$33,774$25,744$19,370$14,412$10,622$6,421
26 years$32,128$24,196$17,965$13,177$9,568$5,641
27 years$30,607$22,771$16,682$12,061$8,626$4,959
28 years$29,197$21,457$15,508$11,051$7,783$4,362
29 years$27,887$20,242$14,432$10,134$7,028$3,839
30 years$26,666$19,117$13,443$9,300$6,350$3,380
31 years$25,526$18,071$12,532$8,542$5,741$2,978
32 years$24,460$17,099$11,693$7,850$5,194$2,624
33 years$23,460$16,193$10,918$7,219$4,700$2,313
34 years$22,521$15,348$10,201$6,642$4,255$2,039
35 years$21,638$14,557$9,537$6,114$3,854$1,798
36 years$20,806$13,817$8,922$5,631$3,492$1,586
37 years$20,020$13,123$8,350$5,188$3,165$1,399
38 years$19,278$12,471$7,820$4,782$2,869$1,234
39 years$18,575$11,859$7,326$4,409$2,602$1,089
40 years$17,910$11,283$6,867$4,067$2,360$961
41 years$17,278$10,740$6,439$3,752$2,141$849
42 years$16,678$10,229$6,040$3,463$1,943$749
43 years$16,108$9,746$5,668$3,197$1,763$661
44 years$15,565$9,290$5,320$2,952$1,601$584
45 years$15,047$8,859$4,995$2,726$1,453$516
46 years$14,554$8,451$4,692$2,518$1,319$455
47 years$14,083$8,065$4,408$2,326$1,198$402
48 years$13,632$7,699$4,142$2,150$1,088$355
49 years$13,202$7,352$3,893$1,987$988$313
50 years$12,790$7,023$3,660$1,836$898$277

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 $5,306 every year, while hoping to spend $32,758 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: 48/30/22 Blend
61$13,100,000$13,100,000$13,100,000$13,100,000
62$14,441,673$13,747,373$13,544,323$15,044,550
63$15,879,870$14,386,140$13,963,204$16,104,423
64$17,463,664$15,055,109$14,395,019$17,250,972
65$19,207,873$15,755,725$14,840,167$18,495,366
66$21,128,823$16,489,502$15,299,060$19,846,813
67$23,244,506$17,258,030$15,772,121$21,315,426
68$25,574,744$18,062,973$16,259,786$22,912,313
69$28,141,386$18,906,076$16,762,506$24,649,682
70$30,968,502$19,789,168$17,280,745$26,540,949
71$34,082,619$20,714,168$17,814,981$28,600,856
72$37,512,970$21,683,086$18,365,706$30,845,611
73$41,291,765$22,698,029$18,933,429$33,293,032
74$45,454,500$23,761,208$19,518,674$35,962,708
75$50,040,290$24,874,938$20,121,980$38,876,181
76$55,092,238$26,041,647$20,743,905$42,057,143
77$60,657,841$27,263,883$21,385,020$45,531,649
78$66,789,440$28,544,313$22,045,918$49,328,360
79$73,544,715$29,885,736$22,727,208$53,478,805
80$80,987,224$31,291,085$23,429,518$58,017,670
81$89,187,009$32,763,436$24,153,495$62,983,120
82$98,221,253$34,306,014$24,899,806$68,417,148
83$108,175,011$35,922,199$25,669,140$74,365,966
84$119,142,011$37,615,535$26,462,205$80,880,427
85$131,225,539$39,389,740$27,279,731$88,016,503
86$144,539,414$41,248,708$28,122,473$95,835,796
87$159,209,065$43,196,524$28,991,206$104,406,115
88$175,372,709$45,237,473$29,886,731$113,802,102
89$193,182,660$47,376,044$30,809,871$124,105,926
90$212,806,767$49,616,947$31,761,478$135,408,048
91$234,429,997$51,965,117$32,742,427$147,808,059
92$258,256,180$54,425,730$33,753,622$161,415,613
93$284,509,935$57,004,215$34,795,992$176,351,444
94$313,438,788$59,706,262$35,870,498$192,748,493
95$345,315,514$62,537,838$36,978,129$210,753,148
96$380,440,703$65,505,199$38,119,903$230,526,612
97$419,145,607$68,614,906$39,296,872$252,246,407
98$461,795,259$71,873,836$40,510,117$276,108,032
99$508,791,924$75,289,204$41,760,755$302,326,793
100$560,578,897$78,868,571$43,049,937$331,139,816