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

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,028,812
2 years$539,626$529,576$519,835$510,392$501,232$477,407
3 years$356,177$346,083$336,368$327,013$318,002$294,871
4 years$264,470$254,408$244,790$235,594$226,802$204,542
5 years$209,461$199,459$189,967$180,959$172,411$151,086
6 years$172,800$162,873$153,521$144,714$136,423$116,054
7 years$146,624$136,781$127,577$118,978$110,948$91,540
8 years$127,001$117,246$108,195$99,807$92,042$73,586
9 years$111,746$102,084$93,189$85,014$77,513$59,996
10 years$99,550$89,982$81,244$73,283$66,045$49,448
11 years$89,578$80,106$71,526$63,778$56,801$41,102
12 years$81,273$71,899$63,477$55,942$49,222$34,396
13 years$74,252$64,975$56,713$49,388$42,923$28,942
14 years$68,239$59,061$50,957$43,841$37,626$24,463
15 years$63,032$53,953$46,007$39,099$33,129$20,752
16 years$58,481$49,501$41,712$35,009$29,279$17,659
17 years$54,469$45,589$37,956$31,455$25,961$15,065
18 years$50,907$42,126$34,649$28,347$23,083$12,880
19 years$47,724$39,042$31,720$25,614$20,575$11,032
20 years$44,863$36,280$29,111$23,199$18,378$9,464
21 years$42,277$33,793$26,776$21,054$16,446$8,129
22 years$39,930$31,544$24,679$19,143$14,742$6,990
23 years$37,790$29,503$22,786$17,434$13,233$6,017
24 years$35,831$27,642$21,073$15,901$11,894$5,183
25 years$34,032$25,941$19,518$14,522$10,703$4,468
26 years$32,373$24,380$18,102$13,278$9,641$3,854
27 years$30,841$22,945$16,809$12,153$8,692$3,326
28 years$29,420$21,621$15,627$11,135$7,843$2,872
29 years$28,100$20,397$14,542$10,211$7,082$2,480
30 years$26,869$19,262$13,545$9,371$6,399$2,143
31 years$25,721$18,209$12,628$8,607$5,785$1,852
32 years$24,647$17,230$11,782$7,910$5,233$1,601
33 years$23,639$16,317$11,001$7,274$4,736$1,384
34 years$22,693$15,465$10,279$6,693$4,288$1,197
35 years$21,803$14,668$9,610$6,161$3,884$1,035
36 years$20,965$13,922$8,990$5,674$3,519$896
37 years$20,173$13,223$8,414$5,228$3,189$775
38 years$19,425$12,566$7,880$4,819$2,891$670
39 years$18,717$11,949$7,382$4,443$2,622$580
40 years$18,046$11,369$6,919$4,098$2,378$502
41 years$17,410$10,822$6,488$3,781$2,158$434
42 years$16,806$10,307$6,086$3,489$1,958$376
43 years$16,231$9,820$5,711$3,221$1,777$325
44 years$15,683$9,361$5,361$2,974$1,613$282
45 years$15,162$8,926$5,034$2,747$1,464$244
46 years$14,665$8,515$4,728$2,537$1,329$211
47 years$14,190$8,126$4,442$2,344$1,207$183
48 years$13,737$7,757$4,174$2,166$1,096$158
49 years$13,303$7,408$3,923$2,002$996$137
50 years$12,888$7,076$3,688$1,850$904$119

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 $6,646 every year, while hoping to spend $47,856 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: 47/36/17 Blend
61$13,200,000$13,200,000$13,200,000$13,200,000
62$14,553,255$13,853,655$13,649,055$15,166,990
63$15,986,769$14,481,566$14,055,380$16,222,095
64$17,564,897$15,138,640$14,473,713$17,361,222
65$19,302,340$15,826,257$14,904,406$18,596,573
66$21,215,295$16,545,860$15,347,820$19,937,147
67$23,321,611$17,298,964$15,804,328$21,392,826
68$25,640,956$18,087,153$16,274,314$22,974,463
69$28,195,001$18,912,092$16,758,171$24,693,980
70$31,007,627$19,775,520$17,256,305$26,564,473
71$34,105,148$20,679,263$17,769,134$28,600,336
72$37,516,560$21,625,234$18,297,087$30,817,385
73$41,273,816$22,615,437$18,840,607$33,233,003
74$45,412,125$23,651,973$19,400,147$35,866,301
75$49,970,285$24,737,044$19,976,175$38,738,286
76$54,991,051$25,872,955$20,569,173$41,872,060
77$60,521,534$27,062,126$21,179,637$45,293,024
78$66,613,651$28,307,090$21,808,075$49,029,113
79$73,324,609$29,610,504$22,455,011$53,111,053
80$80,717,451$30,975,150$23,120,986$57,572,643
81$88,861,645$32,403,947$23,806,553$62,451,062
82$97,833,744$33,899,951$24,512,284$67,787,215
83$107,718,106$35,466,368$25,238,765$73,626,108
84$118,607,690$37,106,558$25,986,601$80,017,264
85$130,604,935$38,824,040$26,756,413$87,015,179
86$143,822,726$40,622,505$27,548,840$94,679,826
87$158,385,459$42,505,823$28,364,541$103,077,211
88$174,430,213$44,478,046$29,204,191$112,279,985
89$192,108,051$46,543,426$30,068,487$122,368,114
90$211,585,435$48,706,416$30,958,144$133,429,627
91$233,045,806$50,971,688$31,873,899$145,561,427
92$256,691,314$53,344,136$32,816,510$158,870,196
93$282,744,720$55,828,891$33,786,755$173,473,389
94$311,451,507$58,431,332$34,785,437$189,500,321
95$343,082,191$61,157,098$35,813,380$207,093,379
96$377,934,878$64,012,099$36,871,431$226,409,346
97$416,338,076$67,002,532$37,960,464$247,620,860
98$458,653,795$70,134,892$39,081,376$270,918,035
99$505,280,969$73,415,988$40,235,089$296,510,227
100$556,659,216$76,852,960$41,422,552$324,627,995