Can I retire at age 62 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$635,859$630,195$624,669$619,275$614,009$594,116
2 years$314,782$308,919$303,237$297,729$292,385$272,530
3 years$207,770$201,882$196,215$190,758$185,501$166,307
4 years$154,274$148,405$142,794$137,430$132,301$113,915
5 years$122,186$116,351$110,814$105,559$100,573$83,044
6 years$100,800$95,009$89,554$84,417$79,580$62,923
7 years$85,531$79,789$74,420$69,404$64,720$48,933
8 years$74,084$68,394$63,114$58,221$53,691$38,763
9 years$65,185$59,549$54,360$49,591$45,216$31,129
10 years$58,071$52,490$47,392$42,748$38,526$25,259
11 years$52,254$46,728$41,723$37,204$33,134$20,661
12 years$47,409$41,941$37,029$32,633$28,713$17,008
13 years$43,314$37,902$33,083$28,810$25,038$14,072
14 years$39,806$34,452$29,725$25,574$21,948$11,691
15 years$36,769$31,473$26,838$22,808$19,325$9,745
16 years$34,114$28,876$24,332$20,422$17,080$8,145
17 years$31,774$26,593$22,141$18,349$15,144$6,824
18 years$29,696$24,573$20,212$16,536$13,465$5,727
19 years$27,839$22,774$18,503$14,942$12,002$4,814
20 years$26,170$21,163$16,981$13,533$10,720$4,052
21 years$24,662$19,713$15,620$12,282$9,594$3,414
22 years$23,292$18,401$14,396$11,167$8,599$2,879
23 years$22,044$17,210$13,292$10,170$7,719$2,430
24 years$20,901$16,125$12,293$9,275$6,938$2,052
25 years$19,852$15,132$11,386$8,471$6,243$1,734
26 years$18,885$14,222$10,560$7,745$5,624$1,466
27 years$17,990$13,384$9,806$7,090$5,070$1,240
28 years$17,162$12,612$9,116$6,496$4,575$1,049
29 years$16,391$11,898$8,483$5,957$4,131$887
30 years$15,674$11,236$7,901$5,467$3,733$751
31 years$15,004$10,622$7,366$5,021$3,375$636
32 years$14,377$10,051$6,873$4,614$3,053$538
33 years$13,790$9,518$6,417$4,243$2,763$456
34 years$13,238$9,021$5,996$3,904$2,501$386
35 years$12,719$8,556$5,606$3,594$2,266$327
36 years$12,229$8,121$5,244$3,310$2,053$277
37 years$11,768$7,713$4,908$3,050$1,860$235
38 years$11,331$7,330$4,596$2,811$1,687$199
39 years$10,918$6,970$4,306$2,592$1,529$168
40 years$10,527$6,632$4,036$2,391$1,387$143
41 years$10,156$6,313$3,785$2,206$1,259$121
42 years$9,803$6,012$3,550$2,035$1,142$102
43 years$9,468$5,728$3,331$1,879$1,036$87
44 years$9,149$5,460$3,127$1,735$941$74
45 years$8,845$5,207$2,936$1,602$854$62
46 years$8,554$4,967$2,758$1,480$775$53
47 years$8,278$4,740$2,591$1,367$704$45
48 years$8,013$4,525$2,435$1,263$639$38
49 years$7,760$4,321$2,289$1,168$581$32
50 years$7,518$4,128$2,152$1,079$528$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $7,700,000, adding $6,738 every year, while hoping to spend $21,068 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: 71/6/23 Blend
61$7,700,000$7,700,000$7,700,000$7,700,000
62$8,492,350$8,084,250$7,964,900$9,046,127
63$9,336,154$8,457,962$8,209,308$9,790,393
64$10,265,319$8,849,280$8,461,198$10,601,954
65$11,288,531$9,259,044$8,720,797$11,490,095
66$12,415,359$9,688,135$8,988,342$12,462,414
67$13,656,349$10,137,477$9,264,075$13,527,278
68$15,023,120$10,608,037$9,548,245$14,693,900
69$16,528,478$11,100,830$9,841,110$15,972,422
70$18,186,531$11,616,920$10,142,936$17,374,015
71$20,012,829$12,157,420$10,453,996$18,910,979
72$22,024,504$12,723,500$10,774,571$20,596,860
73$24,240,436$13,316,384$11,104,952$22,446,577
74$26,681,430$13,937,357$11,445,438$24,476,559
75$29,370,413$14,587,765$11,796,337$26,704,902
76$32,332,648$15,269,017$12,157,966$29,151,538
77$35,595,973$15,982,595$12,530,654$31,838,419
78$39,191,068$16,730,048$12,914,736$34,789,727
79$43,151,738$17,513,001$13,310,561$38,032,097
80$47,515,237$18,333,160$13,718,487$41,594,868
81$52,322,616$19,192,310$14,138,881$45,510,362
82$57,619,114$20,092,324$14,572,125$49,814,182
83$63,454,582$21,035,166$15,018,609$54,545,548
84$69,883,955$22,022,894$15,478,738$59,747,670
85$76,967,769$23,057,667$15,952,926$65,468,146
86$84,772,735$24,141,747$16,441,603$71,759,416
87$93,372,367$25,277,505$16,945,210$78,679,254
88$102,847,675$26,467,429$17,464,201$86,291,309
89$113,287,931$27,714,127$17,999,045$94,665,704
90$124,791,512$29,020,331$18,550,225$103,879,697
91$137,466,827$30,388,907$19,118,237$114,018,410
92$151,433,341$31,822,861$19,703,596$125,175,626
93$166,822,704$33,325,344$20,306,829$137,454,673
94$183,779,991$34,899,657$20,928,479$150,969,399
95$202,465,075$36,549,265$21,569,108$165,845,243
96$223,054,132$38,277,799$22,229,293$182,220,415
97$245,741,309$40,089,066$22,909,629$200,247,199
98$270,740,550$41,987,058$23,610,730$220,093,388
99$298,287,624$43,975,961$24,333,226$241,943,866
100$328,642,342$46,060,164$25,077,770$266,002,345