Can I retire at age 62 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$545,022$540,167$535,431$530,807$526,293$522,320
2 years$269,813$264,788$259,918$255,196$250,616$246,610
3 years$178,088$173,042$168,184$163,506$159,001$155,087
4 years$132,235$127,204$122,395$117,797$113,401$109,608
5 years$104,731$99,729$94,983$90,480$86,206$82,546
6 years$86,400$81,437$76,761$72,357$68,211$64,689
7 years$73,312$68,390$63,789$59,489$55,474$52,091
8 years$63,500$58,623$54,098$49,904$46,021$42,777
9 years$55,873$51,042$46,594$42,507$38,757$35,651
10 years$49,775$44,991$40,622$36,641$33,022$30,053
11 years$44,789$40,053$35,763$31,889$28,400$25,565
12 years$40,637$35,949$31,739$27,971$24,611$21,908
13 years$37,126$32,488$28,356$24,694$21,461$18,887
14 years$34,119$29,530$25,478$21,921$18,813$16,364
15 years$31,516$26,977$23,004$19,549$16,564$14,238
16 years$29,240$24,750$20,856$17,504$14,640$12,432
17 years$27,235$22,794$18,978$15,728$12,981$10,888
18 years$25,454$21,063$17,325$14,174$11,542$9,561
19 years$23,862$19,521$15,860$12,807$10,287$8,414
20 years$22,431$18,140$14,555$11,599$9,189$7,419
21 years$21,139$16,896$13,388$10,527$8,223$6,553
22 years$19,965$15,772$12,339$9,572$7,371$5,796
23 years$18,895$14,751$11,393$8,717$6,616$5,133
24 years$17,915$13,821$10,537$7,950$5,947$4,552
25 years$17,016$12,970$9,759$7,261$5,351$4,040
26 years$16,187$12,190$9,051$6,639$4,820$3,588
27 years$15,420$11,472$8,405$6,077$4,346$3,190
28 years$14,710$10,810$7,813$5,568$3,921$2,838
29 years$14,050$10,198$7,271$5,106$3,541$2,526
30 years$13,435$9,631$6,773$4,686$3,199$2,250
31 years$12,861$9,105$6,314$4,303$2,893$2,005
32 years$12,323$8,615$5,891$3,955$2,617$1,787
33 years$11,820$8,158$5,500$3,637$2,368$1,593
34 years$11,347$7,732$5,139$3,346$2,144$1,421
35 years$10,902$7,334$4,805$3,080$1,942$1,268
36 years$10,482$6,961$4,495$2,837$1,759$1,132
37 years$10,087$6,611$4,207$2,614$1,595$1,010
38 years$9,713$6,283$3,940$2,409$1,446$902
39 years$9,359$5,975$3,691$2,221$1,311$806
40 years$9,023$5,684$3,460$2,049$1,189$720
41 years$8,705$5,411$3,244$1,890$1,079$643
42 years$8,403$5,153$3,043$1,745$979$575
43 years$8,115$4,910$2,856$1,611$888$513
44 years$7,842$4,680$2,680$1,487$806$459
45 years$7,581$4,463$2,517$1,373$732$410
46 years$7,332$4,258$2,364$1,269$665$366
47 years$7,095$4,063$2,221$1,172$604$328
48 years$6,868$3,879$2,087$1,083$548$293
49 years$6,651$3,704$1,962$1,001$498$262
50 years$6,444$3,538$1,844$925$452$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $6,600,000, adding $5,352 every year, while hoping to spend $47,966 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: 56/36/8 Blend
61$6,600,000$6,600,000$6,600,000$6,600,000
62$7,278,721$6,928,921$6,826,621$7,672,479
63$7,970,115$7,217,402$7,004,277$8,227,163
64$8,730,423$7,518,412$7,186,277$8,825,210
65$9,566,625$7,832,513$7,372,716$9,475,407
66$10,486,409$8,160,294$7,563,690$10,182,730
67$11,498,247$8,502,372$7,759,298$10,952,647
68$12,611,472$8,859,392$7,959,638$11,791,170
69$13,836,368$9,232,029$8,164,812$12,704,910
70$15,184,268$9,620,989$8,374,924$13,701,135
71$16,667,656$10,027,010$8,590,077$14,787,837
72$18,300,289$10,450,866$8,810,377$15,973,806
73$20,097,326$10,893,366$9,035,931$17,268,713
74$22,075,468$11,355,355$9,266,850$18,683,192
75$24,253,120$11,837,722$9,503,243$20,228,945
76$26,650,560$12,341,391$9,745,223$21,918,846
77$29,290,132$12,867,335$9,992,904$23,767,061
78$32,196,459$13,416,568$10,246,400$25,789,177
79$35,396,672$13,990,154$10,505,828$28,002,349
80$38,920,666$14,589,205$10,771,307$30,425,456
81$42,801,383$15,214,885$11,042,955$33,079,277
82$47,075,125$15,868,415$11,320,894$35,986,685
83$51,781,889$16,551,069$11,605,246$39,172,856
84$56,965,755$17,264,184$11,896,135$42,665,506
85$62,675,291$18,009,159$12,193,684$46,495,147
86$68,964,020$18,787,456$12,498,022$50,695,373
87$75,890,918$19,600,610$12,809,273$55,303,168
88$83,520,975$20,450,223$13,127,568$60,359,256
89$91,925,808$21,337,978$13,453,035$65,908,477
90$101,184,333$22,265,631$13,785,804$72,000,210
91$111,383,514$23,235,026$14,126,007$78,688,826
92$122,619,179$24,248,089$14,473,776$86,034,203
93$134,996,931$25,306,841$14,829,243$94,102,285
94$148,633,138$26,413,396$15,192,542$102,965,693
95$163,656,032$27,569,967$15,563,807$112,704,411
96$180,206,925$28,778,873$15,943,172$123,406,531
97$198,441,536$30,042,542$16,330,772$135,169,079
98$218,531,462$31,363,516$16,726,742$148,098,923
99$240,665,800$32,744,457$17,131,217$162,313,775
100$265,052,931$34,188,155$17,544,333$177,943,296