Can I retire at age 62 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$743,212$736,591$730,133$723,828$717,673$711,066
2 years$367,927$361,074$354,433$347,994$341,749$335,092
3 years$242,848$235,966$229,342$222,963$216,820$210,319
4 years$180,321$173,460$166,902$160,633$154,638$148,344
5 years$142,814$135,995$129,523$123,381$117,553$111,485
6 years$117,818$111,050$104,674$98,669$93,016$87,180
7 years$99,971$93,260$86,984$81,121$75,647$70,046
8 years$86,591$79,941$73,770$68,051$62,756$57,391
9 years$76,191$69,603$63,538$57,964$52,850$47,718
10 years$67,875$61,351$55,394$49,966$45,031$40,129
11 years$61,076$54,618$48,768$43,485$38,728$34,053
12 years$55,414$49,022$43,280$38,142$33,561$29,108
13 years$50,626$44,301$38,668$33,674$29,266$25,030
14 years$46,527$40,269$34,743$29,892$25,654$21,630
15 years$42,977$36,786$31,369$26,658$22,588$18,769
16 years$39,873$33,751$28,440$23,870$19,963$16,344
17 years$37,138$31,083$25,879$21,447$17,701$14,274
18 years$34,710$28,722$23,625$19,328$15,739$12,498
19 years$32,539$26,619$21,627$17,464$14,028$10,968
20 years$30,588$24,736$19,848$15,817$12,530$9,642
21 years$28,825$23,041$18,257$14,355$11,213$8,491
22 years$27,225$21,508$16,826$13,052$10,051$7,488
23 years$25,766$20,116$15,536$11,887$9,022$6,612
24 years$24,430$18,847$14,368$10,841$8,110$5,845
25 years$23,203$17,687$13,308$9,901$7,297$5,171
26 years$22,073$16,623$12,342$9,053$6,573$4,579
27 years$21,028$15,644$11,461$8,286$5,926$4,058
28 years$20,059$14,741$10,654$7,592$5,347$3,598
29 years$19,159$13,907$9,915$6,962$4,829$3,193
30 years$18,320$13,133$9,235$6,390$4,363$2,834
31 years$17,537$12,416$8,610$5,868$3,944$2,517
32 years$16,804$11,748$8,033$5,393$3,568$2,236
33 years$16,118$11,125$7,501$4,959$3,229$1,988
34 years$15,473$10,544$7,008$4,563$2,924$1,767
35 years$14,866$10,001$6,552$4,201$2,648$1,572
36 years$14,294$9,492$6,129$3,869$2,399$1,398
37 years$13,754$9,016$5,737$3,564$2,175$1,244
38 years$13,244$8,568$5,372$3,285$1,971$1,107
39 years$12,762$8,147$5,033$3,029$1,788$985
40 years$12,304$7,752$4,718$2,794$1,622$877
41 years$11,870$7,379$4,424$2,578$1,471$781
42 years$11,458$7,027$4,150$2,379$1,335$695
43 years$11,066$6,696$3,894$2,196$1,211$619
44 years$10,693$6,382$3,655$2,028$1,100$551
45 years$10,338$6,086$3,432$1,873$998$491
46 years$9,999$5,806$3,223$1,730$906$437
47 years$9,675$5,541$3,028$1,598$823$390
48 years$9,366$5,289$2,846$1,477$747$347
49 years$9,070$5,051$2,675$1,365$679$309
50 years$8,787$4,825$2,515$1,262$617$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,000,000, adding $2,958 every year, while hoping to spend $48,143 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: 58/12/30 Blend
61$9,000,000$9,000,000$9,000,000$9,000,000
62$9,921,051$9,444,051$9,304,551$10,414,603
63$10,881,775$9,855,586$9,565,030$11,165,300
64$11,938,878$10,285,672$9,832,621$11,978,186
65$13,102,142$10,735,169$10,107,512$12,863,635
66$14,382,342$11,204,973$10,389,895$13,828,708
67$15,791,352$11,696,028$10,679,967$14,881,175
68$17,342,254$12,209,317$10,977,930$16,029,582
69$19,049,463$12,745,873$11,283,991$17,283,340
70$20,928,865$13,306,777$11,598,361$18,652,801
71$22,997,960$13,893,161$11,921,257$20,149,363
72$25,276,035$14,506,209$12,252,903$21,785,570
73$27,784,342$15,147,164$12,593,525$23,575,232
74$30,546,294$15,817,325$12,943,358$25,533,553
75$33,587,697$16,518,054$13,302,641$27,677,270
76$36,936,982$17,250,778$13,671,619$30,024,811
77$40,625,479$18,016,991$14,050,543$32,596,468
78$44,687,711$18,818,258$14,439,670$35,414,584
79$49,161,722$19,656,217$14,839,264$38,503,762
80$54,089,432$20,532,586$15,249,593$41,891,096
81$59,517,035$21,449,163$15,670,935$45,606,424
82$65,495,433$22,407,832$16,103,572$49,682,605
83$72,080,719$23,410,568$16,547,794$54,155,830
84$79,334,704$24,459,437$17,003,897$59,065,959
85$87,325,500$25,556,607$17,472,184$64,456,893
86$96,128,166$26,704,345$17,952,966$70,376,988
87$105,825,410$27,905,029$18,446,562$76,879,508
88$116,508,377$29,161,151$18,953,297$84,023,122
89$128,277,503$30,475,318$19,473,504$91,872,457
90$141,243,466$31,850,267$20,007,524$100,498,704
91$155,528,229$33,288,859$20,555,706$109,980,287
92$171,266,193$34,794,098$21,118,406$120,403,598
93$188,605,463$36,369,127$21,695,991$131,863,808
94$207,709,247$38,017,241$22,288,834$144,465,765
95$228,757,396$39,741,892$22,897,316$158,324,977
96$251,948,104$41,546,699$23,521,830$173,568,696
97$277,499,774$43,435,450$24,162,775$190,337,119
98$305,653,083$45,412,119$24,820,559$208,784,705
99$336,673,252$47,480,867$25,495,602$229,081,626
100$370,852,550$49,646,056$26,188,331$251,415,371