Can I retire at age 62 with 13,300,000?

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 $13,300,000?

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$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,036,606
2 years$543,714$533,587$523,774$514,258$505,029$481,024
3 years$358,875$348,705$338,916$329,490$320,411$297,105
4 years$266,474$256,335$246,644$237,379$228,520$206,092
5 years$211,048$200,970$191,406$182,330$173,717$152,231
6 years$174,109$164,107$154,685$145,811$137,456$116,934
7 years$147,735$137,817$128,544$119,879$111,789$92,233
8 years$127,963$118,135$109,015$100,564$92,740$74,144
9 years$112,593$102,857$93,895$85,658$78,100$60,450
10 years$100,304$90,664$81,860$73,838$66,545$49,822
11 years$90,256$80,713$72,068$64,261$57,231$41,413
12 years$81,889$72,443$63,958$56,366$49,595$34,657
13 years$74,814$65,468$57,143$49,762$43,248$29,162
14 years$68,756$59,508$51,343$44,173$37,911$24,648
15 years$63,510$54,362$46,356$39,395$33,380$20,910
16 years$58,924$49,876$42,028$35,274$29,501$17,793
17 years$54,882$45,934$38,244$31,693$26,158$15,179
18 years$51,293$42,445$34,912$28,562$23,258$12,978
19 years$48,086$39,338$31,960$25,808$20,731$11,116
20 years$45,202$36,554$29,331$23,374$18,517$9,536
21 years$42,597$34,049$26,979$21,214$16,571$8,191
22 years$40,232$31,783$24,866$19,288$14,853$7,043
23 years$38,076$29,726$22,959$17,566$13,333$6,062
24 years$36,102$27,852$21,233$16,021$11,984$5,222
25 years$34,289$26,137$19,666$14,632$10,784$4,502
26 years$32,619$24,565$18,239$13,378$9,714$3,883
27 years$31,074$23,119$16,937$12,246$8,758$3,351
28 years$29,643$21,784$15,745$11,220$7,902$2,893
29 years$28,312$20,551$14,652$10,289$7,136$2,499
30 years$27,073$19,408$13,648$9,442$6,447$2,159
31 years$25,916$18,347$12,723$8,672$5,829$1,866
32 years$24,833$17,360$11,871$7,970$5,273$1,613
33 years$23,818$16,441$11,084$7,329$4,772$1,395
34 years$22,865$15,582$10,356$6,743$4,320$1,206
35 years$21,968$14,779$9,683$6,208$3,913$1,043
36 years$21,123$14,028$9,058$5,717$3,546$902
37 years$20,326$13,323$8,478$5,267$3,213$781
38 years$19,572$12,662$7,939$4,855$2,913$676
39 years$18,859$12,040$7,438$4,477$2,642$585
40 years$18,183$11,455$6,972$4,129$2,396$506
41 years$17,542$10,904$6,537$3,810$2,174$438
42 years$16,933$10,385$6,132$3,516$1,973$379
43 years$16,354$9,895$5,754$3,245$1,790$328
44 years$15,802$9,432$5,401$2,997$1,625$284
45 years$15,277$8,994$5,072$2,768$1,475$246
46 years$14,776$8,580$4,764$2,556$1,339$213
47 years$14,298$8,188$4,475$2,362$1,216$184
48 years$13,841$7,816$4,205$2,182$1,105$159
49 years$13,404$7,464$3,953$2,017$1,003$138
50 years$12,985$7,130$3,716$1,864$911$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,300,000, adding $2,020 every year, while hoping to spend $28,891 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: 54/22/24 Blend
61$13,300,000$13,300,000$13,300,000$13,300,000
62$14,658,684$13,953,784$13,747,634$15,353,153
63$16,123,130$14,606,779$14,177,440$16,484,348
64$17,735,981$15,290,803$14,620,676$17,711,995
65$19,512,344$16,007,346$15,077,761$19,047,886
66$21,468,866$16,757,969$15,549,129$20,502,396
67$23,623,890$17,544,309$16,035,225$22,086,929
68$25,997,631$18,368,084$16,536,509$23,814,025
69$28,612,362$19,231,093$17,053,455$25,697,472
70$31,492,630$20,135,224$17,586,553$27,752,432
71$34,665,482$21,082,454$18,136,306$29,995,584
72$38,160,724$22,074,857$18,703,235$32,445,273
73$42,011,201$23,114,607$19,287,876$35,121,677
74$46,253,105$24,203,985$19,890,782$38,046,999
75$50,926,322$25,345,381$20,512,524$41,245,665
76$56,074,803$26,541,300$21,153,689$44,744,556
77$61,746,979$27,794,370$21,814,884$48,573,247
78$67,996,222$29,107,346$22,496,734$52,764,292
79$74,881,346$30,483,115$23,199,884$57,353,515
80$82,467,163$31,924,707$23,924,999$62,380,349
81$90,825,092$33,435,296$24,672,765$67,888,196
82$100,033,838$35,018,212$25,443,890$73,924,837
83$110,180,130$36,676,945$26,239,101$80,542,868
84$121,359,544$38,415,156$27,059,151$87,800,196
85$133,677,401$40,236,682$27,904,816$95,760,574
86$147,249,763$42,145,546$28,776,894$104,494,195
87$162,204,530$44,145,970$29,676,212$114,078,348
88$178,682,645$46,242,375$30,603,618$124,598,138
89$196,839,425$48,439,402$31,559,989$136,147,278
90$216,846,028$50,741,914$32,546,231$148,828,969
91$238,891,068$53,155,013$33,563,274$162,756,858
92$263,182,394$55,684,045$34,612,081$178,056,107
93$289,949,055$58,334,620$35,693,642$194,864,558
94$319,443,460$61,112,618$36,808,981$213,334,025
95$351,943,762$64,024,206$37,959,151$233,631,716
96$387,756,482$67,075,849$39,145,239$255,941,799
97$427,219,406$70,274,327$40,368,367$280,467,124
98$470,704,768$73,626,752$41,629,690$307,431,130
99$518,622,770$77,140,579$42,930,400$337,079,935
100$571,425,451$80,823,625$44,271,727$369,684,649