Can I retire at age 62 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$668,890$662,932$657,119$651,446$645,905$629,780
2 years$331,134$324,967$318,990$313,195$307,574$291,430
3 years$218,563$212,369$206,408$200,667$195,138$179,480
4 years$162,289$156,114$150,212$144,569$139,174$124,122
5 years$128,533$122,395$116,571$111,043$105,798$91,395
6 years$106,036$99,945$94,206$88,802$83,714$69,974
7 years$89,974$83,934$78,286$73,009$68,082$55,007
8 years$77,932$71,947$66,393$61,245$56,481$44,064
9 years$68,572$62,642$57,184$52,168$47,565$35,796
10 years$61,087$55,216$49,854$44,969$40,528$29,393
11 years$54,968$49,156$43,891$39,136$34,855$24,339
12 years$49,872$44,120$38,952$34,328$30,205$20,288
13 years$45,564$39,871$34,801$30,306$26,339$17,003
14 years$41,874$36,242$31,269$26,903$23,089$14,312
15 years$38,679$33,108$28,232$23,992$20,329$12,091
16 years$35,886$30,376$25,596$21,483$17,967$10,245
17 years$33,424$27,975$23,291$19,302$15,931$8,702
18 years$31,239$25,850$21,262$17,395$14,165$7,407
19 years$29,285$23,957$19,464$15,718$12,625$6,316
20 years$27,529$22,262$17,863$14,236$11,277$5,394
21 years$25,943$20,737$16,431$12,920$10,092$4,612
22 years$24,502$19,357$15,144$11,747$9,046$3,947
23 years$23,189$18,104$13,983$10,698$8,120$3,382
24 years$21,987$16,962$12,931$9,757$7,299$2,899
25 years$20,883$15,918$11,977$8,911$6,568$2,487
26 years$19,866$14,961$11,108$8,148$5,916$2,135
27 years$18,925$14,080$10,315$7,458$5,334$1,834
28 years$18,053$13,267$9,589$6,833$4,813$1,575
29 years$17,243$12,516$8,923$6,266$4,346$1,354
30 years$16,488$11,820$8,312$5,751$3,927$1,164
31 years$15,783$11,174$7,749$5,281$3,550$1,001
32 years$15,124$10,573$7,230$4,854$3,211$861
33 years$14,506$10,013$6,751$4,463$2,906$741
34 years$13,925$9,490$6,307$4,107$2,631$637
35 years$13,379$9,001$5,897$3,781$2,383$549
36 years$12,865$8,543$5,516$3,482$2,159$472
37 years$12,379$8,114$5,163$3,208$1,957$406
38 years$11,920$7,711$4,835$2,957$1,774$350
39 years$11,486$7,333$4,530$2,726$1,609$301
40 years$11,074$6,976$4,246$2,515$1,459$259
41 years$10,683$6,641$3,981$2,320$1,324$223
42 years$10,312$6,325$3,735$2,141$1,201$192
43 years$9,960$6,026$3,504$1,977$1,090$166
44 years$9,624$5,744$3,290$1,825$990$143
45 years$9,304$5,477$3,089$1,685$898$123
46 years$8,999$5,225$2,901$1,557$816$106
47 years$8,708$4,987$2,726$1,438$741$91
48 years$8,429$4,760$2,561$1,329$673$78
49 years$8,163$4,546$2,407$1,228$611$68
50 years$7,908$4,342$2,263$1,135$555$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $8,100,000, adding $4,503 every year, while hoping to spend $25,556 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: 77/9/14 Blend
61$8,100,000$8,100,000$8,100,000$8,100,000
62$8,930,845$8,501,545$8,375,995$9,592,326
63$9,814,600$8,890,929$8,629,399$10,418,444
64$10,787,641$9,298,537$8,890,436$11,320,435
65$11,859,049$9,725,234$9,159,334$12,308,836
66$13,038,829$10,171,927$9,436,329$13,392,258
67$14,338,007$10,639,569$9,721,664$14,580,179
68$15,768,731$11,129,155$10,015,587$15,883,041
69$17,344,389$11,641,731$10,318,356$17,312,337
70$19,079,732$12,178,392$10,630,237$18,880,728
71$20,991,016$12,740,284$10,951,501$20,602,154
72$23,096,154$13,328,612$11,282,430$22,491,970
73$25,414,883$13,944,635$11,623,313$24,567,084
74$27,968,954$14,589,676$11,974,447$26,846,122
75$30,782,336$15,265,119$12,336,140$29,349,597
76$33,881,440$15,972,415$12,708,707$32,100,102
77$37,295,371$16,713,088$13,092,472$35,122,525
78$41,056,201$17,488,731$13,487,772$38,444,280
79$45,199,271$18,301,017$13,894,950$42,095,563
80$49,763,528$19,151,697$14,314,362$46,109,638
81$54,791,888$20,042,610$14,746,373$50,523,149
82$60,331,643$20,975,681$15,191,360$55,376,460
83$66,434,910$21,952,929$15,649,709$60,714,042
84$73,159,117$22,976,469$16,121,821$66,584,882
85$80,567,550$24,048,519$16,608,105$73,042,951
86$88,729,949$25,171,405$17,108,985$80,147,706
87$97,723,165$26,347,565$17,624,897$87,964,651
88$107,631,886$27,579,553$18,156,289$96,565,954
89$118,549,436$28,870,050$18,703,623$106,031,124
90$130,578,658$30,221,862$19,267,374$116,447,762
91$143,832,882$31,637,934$19,848,032$127,912,382
92$158,436,995$33,121,352$20,446,100$140,531,319
93$174,528,623$34,675,352$21,062,099$154,421,735
94$192,259,425$36,303,327$21,696,562$169,712,718
95$211,796,529$38,008,832$22,350,038$186,546,496
96$233,324,106$39,795,596$23,023,096$205,079,782
97$257,045,112$41,667,528$23,716,318$225,485,245
98$283,183,203$43,628,726$24,430,303$247,953,140
99$311,984,843$45,683,487$25,165,672$272,693,096
100$343,721,634$47,836,315$25,923,059$299,936,096