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%19.1%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,014,030
2 years$539,626$529,576$519,835$510,392$501,232$462,816
3 years$356,177$346,083$336,368$327,013$318,002$280,935
4 years$264,470$254,408$244,790$235,594$226,802$191,366
5 years$209,461$199,459$189,967$180,959$172,411$138,700
6 years$172,800$162,873$153,521$144,714$136,423$104,460
7 years$146,624$136,781$127,577$118,978$110,948$80,725
8 years$127,001$117,246$108,195$99,807$92,042$63,533
9 years$111,746$102,084$93,189$85,014$77,513$50,678
10 years$99,550$89,982$81,244$73,283$66,045$40,837
11 years$89,578$80,106$71,526$63,778$56,801$33,167
12 years$81,273$71,899$63,477$55,942$49,222$27,103
13 years$74,252$64,975$56,713$49,388$42,923$22,257
14 years$68,239$59,061$50,957$43,841$37,626$18,350
15 years$63,032$53,953$46,007$39,099$33,129$15,176
16 years$58,481$49,501$41,712$35,009$29,279$12,584
17 years$54,469$45,589$37,956$31,455$25,961$10,457
18 years$50,907$42,126$34,649$28,347$23,083$8,705
19 years$47,724$39,042$31,720$25,614$20,575$7,257
20 years$44,863$36,280$29,111$23,199$18,378$6,056
21 years$42,277$33,793$26,776$21,054$16,446$5,060
22 years$39,930$31,544$24,679$19,143$14,742$4,231
23 years$37,790$29,503$22,786$17,434$13,233$3,540
24 years$35,831$27,642$21,073$15,901$11,894$2,963
25 years$34,032$25,941$19,518$14,522$10,703$2,482
26 years$32,373$24,380$18,102$13,278$9,641$2,080
27 years$30,841$22,945$16,809$12,153$8,692$1,743
28 years$29,420$21,621$15,627$11,135$7,843$1,462
29 years$28,100$20,397$14,542$10,211$7,082$1,226
30 years$26,869$19,262$13,545$9,371$6,399$1,028
31 years$25,721$18,209$12,628$8,607$5,785$862
32 years$24,647$17,230$11,782$7,910$5,233$724
33 years$23,639$16,317$11,001$7,274$4,736$607
34 years$22,693$15,465$10,279$6,693$4,288$510
35 years$21,803$14,668$9,610$6,161$3,884$428
36 years$20,965$13,922$8,990$5,674$3,519$359
37 years$20,173$13,223$8,414$5,228$3,189$301
38 years$19,425$12,566$7,880$4,819$2,891$253
39 years$18,717$11,949$7,382$4,443$2,622$212
40 years$18,046$11,369$6,919$4,098$2,378$178
41 years$17,410$10,822$6,488$3,781$2,158$150
42 years$16,806$10,307$6,086$3,489$1,958$126
43 years$16,231$9,820$5,711$3,221$1,777$105
44 years$15,683$9,361$5,361$2,974$1,613$89
45 years$15,162$8,926$5,034$2,747$1,464$74
46 years$14,665$8,515$4,728$2,537$1,329$62
47 years$14,190$8,126$4,442$2,344$1,207$52
48 years$13,737$7,757$4,174$2,166$1,096$44
49 years$13,303$7,408$3,923$2,002$996$37
50 years$12,888$7,076$3,688$1,850$904$31

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 $4,058 every year, while hoping to spend $33,257 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: 30/47/23 Blend
61$13,200,000$13,200,000$13,200,000$13,200,000
62$14,550,586$13,850,986$13,646,386$14,882,933
63$15,999,360$14,494,299$14,068,155$15,781,754
64$17,594,795$15,168,020$14,502,938$16,744,788
65$19,351,815$15,873,603$14,951,137$17,780,142
66$21,286,864$16,612,574$15,413,164$18,894,103
67$23,418,066$17,386,531$15,889,446$20,093,552
68$25,765,388$18,197,151$16,380,422$21,386,021
69$28,350,835$19,046,189$16,886,544$22,779,759
70$31,198,655$19,935,487$17,408,278$24,283,800
71$34,335,568$20,866,976$17,946,106$25,908,045
72$37,791,018$21,842,680$18,500,522$27,663,343
73$41,597,450$22,864,719$19,072,038$29,561,588
74$45,790,618$23,935,319$19,661,179$31,615,822
75$50,409,922$25,056,810$20,268,489$33,840,349
76$55,498,777$26,231,637$20,894,527$36,250,861
77$61,105,027$27,462,362$21,539,869$38,864,575
78$67,281,394$28,751,672$22,205,109$41,700,387
79$74,085,976$30,102,384$22,890,859$44,779,038
80$81,582,794$31,517,449$23,597,752$48,123,300
81$89,842,400$32,999,964$24,326,437$51,758,178
82$98,942,537$34,553,175$25,077,585$55,711,134
83$108,968,878$36,180,483$25,851,887$60,012,333
84$120,015,834$37,885,458$26,650,055$64,694,916
85$132,187,442$39,671,837$27,472,825$69,795,296
86$145,598,348$41,543,545$28,320,951$75,353,489
87$160,374,892$43,504,691$29,195,216$81,413,475
88$176,656,298$45,559,587$30,096,422$88,023,598
89$194,595,986$47,712,753$31,025,398$95,237,005
90$214,363,026$49,968,927$31,982,998$103,112,129
91$236,143,729$52,333,079$32,970,103$111,713,225
92$260,143,407$54,810,418$33,987,619$121,110,953
93$286,588,313$57,406,406$35,036,483$131,383,027
94$315,727,773$60,126,772$36,117,657$142,614,928
95$347,836,542$62,977,520$37,232,135$154,900,687
96$383,217,399$65,964,948$38,380,941$168,343,752
97$422,204,001$69,095,659$39,565,130$183,057,934
98$465,164,037$72,376,574$40,785,790$199,168,465
99$512,502,697$75,814,954$42,044,042$216,813,146
100$564,666,496$79,418,410$43,341,041$236,143,622