Can I retire at age 62 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,025,476
2 years$539,626$529,576$519,835$510,392$501,232$474,099
3 years$356,177$346,083$336,368$327,013$318,002$291,696
4 years$264,470$254,408$244,790$235,594$226,802$201,524
5 years$209,461$199,459$189,967$180,959$172,411$148,232
6 years$172,800$162,873$153,521$144,714$136,423$113,366
7 years$146,624$136,781$127,577$118,978$110,948$89,016
8 years$127,001$117,246$108,195$99,807$92,042$71,224
9 years$111,746$102,084$93,189$85,014$77,513$57,790
10 years$99,550$89,982$81,244$73,283$66,045$47,394
11 years$89,578$80,106$71,526$63,778$56,801$39,194
12 years$81,273$71,899$63,477$55,942$49,222$32,629
13 years$74,252$64,975$56,713$49,388$42,923$27,308
14 years$68,239$59,061$50,957$43,841$37,626$22,955
15 years$63,032$53,953$46,007$39,099$33,129$19,365
16 years$58,481$49,501$41,712$35,009$29,279$16,385
17 years$54,469$45,589$37,956$31,455$25,961$13,898
18 years$50,907$42,126$34,649$28,347$23,083$11,812
19 years$47,724$39,042$31,720$25,614$20,575$10,057
20 years$44,863$36,280$29,111$23,199$18,378$8,575
21 years$42,277$33,793$26,776$21,054$16,446$7,321
22 years$39,930$31,544$24,679$19,143$14,742$6,256
23 years$37,790$29,503$22,786$17,434$13,233$5,351
24 years$35,831$27,642$21,073$15,901$11,894$4,581
25 years$34,032$25,941$19,518$14,522$10,703$3,924
26 years$32,373$24,380$18,102$13,278$9,641$3,363
27 years$30,841$22,945$16,809$12,153$8,692$2,883
28 years$29,420$21,621$15,627$11,135$7,843$2,473
29 years$28,100$20,397$14,542$10,211$7,082$2,122
30 years$26,869$19,262$13,545$9,371$6,399$1,821
31 years$25,721$18,209$12,628$8,607$5,785$1,564
32 years$24,647$17,230$11,782$7,910$5,233$1,343
33 years$23,639$16,317$11,001$7,274$4,736$1,153
34 years$22,693$15,465$10,279$6,693$4,288$991
35 years$21,803$14,668$9,610$6,161$3,884$851
36 years$20,965$13,922$8,990$5,674$3,519$731
37 years$20,173$13,223$8,414$5,228$3,189$628
38 years$19,425$12,566$7,880$4,819$2,891$540
39 years$18,717$11,949$7,382$4,443$2,622$464
40 years$18,046$11,369$6,919$4,098$2,378$399
41 years$17,410$10,822$6,488$3,781$2,158$343
42 years$16,806$10,307$6,086$3,489$1,958$295
43 years$16,231$9,820$5,711$3,221$1,777$253
44 years$15,683$9,361$5,361$2,974$1,613$218
45 years$15,162$8,926$5,034$2,747$1,464$187
46 years$14,665$8,515$4,728$2,537$1,329$161
47 years$14,190$8,126$4,442$2,344$1,207$138
48 years$13,737$7,757$4,174$2,166$1,096$119
49 years$13,303$7,408$3,923$2,002$996$102
50 years$12,888$7,076$3,688$1,850$904$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,200,000, adding $3,597 every year, while hoping to spend $36,826 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: 59/22/19 Blend
61$13,200,000$13,200,000$13,200,000$13,200,000
62$14,550,110$13,850,510$13,645,910$15,335,904
63$15,995,039$14,490,003$14,063,866$16,508,338
64$17,586,116$15,159,596$14,494,588$17,782,028
65$19,338,210$15,860,726$14,938,467$19,170,272
66$21,267,704$16,594,899$15,395,903$20,684,148
67$23,392,652$17,363,691$15,867,308$22,335,841
68$25,732,948$18,168,757$16,353,107$24,138,750
69$28,310,512$19,011,829$16,853,740$26,107,613
70$31,149,501$19,894,726$17,369,657$28,258,645
71$34,276,534$20,819,351$17,901,324$30,609,683
72$37,720,942$21,787,701$18,449,220$33,180,354
73$41,515,048$22,801,868$19,013,839$35,992,253
74$45,694,470$23,864,047$19,595,690$39,069,144
75$50,298,457$24,976,536$20,195,296$42,437,181
76$55,370,259$26,141,746$20,813,199$46,125,145
77$60,957,539$27,362,205$21,449,954$50,164,719
78$67,112,815$28,640,560$22,106,135$54,590,774
79$73,893,965$29,979,590$22,782,333$59,441,697
80$81,364,764$31,382,205$23,479,156$64,759,745
81$89,595,494$32,851,457$24,197,231$70,591,442
82$98,663,601$34,390,545$24,937,206$76,988,006
83$108,654,430$36,002,824$25,699,744$84,005,833
84$119,662,029$37,691,809$26,485,532$91,707,017
85$131,790,036$39,461,187$27,295,277$100,159,930
86$145,152,657$41,314,823$28,129,707$109,439,862
87$159,875,747$43,256,769$28,989,571$119,629,725
88$176,097,994$45,291,271$29,875,642$130,820,822
89$193,972,230$47,422,784$30,788,717$143,113,707
90$213,666,874$49,655,977$31,729,615$156,619,120
91$235,367,520$51,995,744$32,699,182$171,459,027
92$259,278,690$54,447,219$33,698,288$187,767,760
93$285,625,766$57,015,782$34,727,830$205,693,276
94$314,657,114$59,707,076$35,788,732$225,398,540
95$346,646,432$62,527,014$36,881,947$247,063,059
96$381,895,330$65,481,800$38,008,454$270,884,557
97$420,736,181$68,577,936$39,169,265$297,080,836
98$463,535,256$71,822,239$40,365,419$325,891,815
99$510,696,182$75,221,859$41,597,991$357,581,787
100$562,663,753$78,784,290$42,868,084$392,441,894