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%17.1%
1 years$743,212$736,591$730,133$723,828$717,673$696,934
2 years$367,927$361,074$354,433$347,994$341,749$321,020
3 years$242,848$235,966$229,342$222,963$216,820$196,749
4 years$180,321$173,460$166,902$160,633$154,638$135,381
5 years$142,814$135,995$129,523$123,381$117,553$99,162
6 years$117,818$111,050$104,674$98,669$93,016$75,507
7 years$99,971$93,260$86,984$81,121$75,647$59,020
8 years$86,591$79,941$73,770$68,051$62,756$47,002
9 years$76,191$69,603$63,538$57,964$52,850$37,953
10 years$67,875$61,351$55,394$49,966$45,031$30,970
11 years$61,076$54,618$48,768$43,485$38,728$25,481
12 years$55,414$49,022$43,280$38,142$33,561$21,101
13 years$50,626$44,301$38,668$33,674$29,266$17,565
14 years$46,527$40,269$34,743$29,892$25,654$14,684
15 years$42,977$36,786$31,369$26,658$22,588$12,318
16 years$39,873$33,751$28,440$23,870$19,963$10,363
17 years$37,138$31,083$25,879$21,447$17,701$8,739
18 years$34,710$28,722$23,625$19,328$15,739$7,384
19 years$32,539$26,619$21,627$17,464$14,028$6,249
20 years$30,588$24,736$19,848$15,817$12,530$5,296
21 years$28,825$23,041$18,257$14,355$11,213$4,493
22 years$27,225$21,508$16,826$13,052$10,051$3,816
23 years$25,766$20,116$15,536$11,887$9,022$3,244
24 years$24,430$18,847$14,368$10,841$8,110$2,759
25 years$23,203$17,687$13,308$9,901$7,297$2,348
26 years$22,073$16,623$12,342$9,053$6,573$2,000
27 years$21,028$15,644$11,461$8,286$5,926$1,703
28 years$20,059$14,741$10,654$7,592$5,347$1,452
29 years$19,159$13,907$9,915$6,962$4,829$1,237
30 years$18,320$13,133$9,235$6,390$4,363$1,055
31 years$17,537$12,416$8,610$5,868$3,944$900
32 years$16,804$11,748$8,033$5,393$3,568$768
33 years$16,118$11,125$7,501$4,959$3,229$655
34 years$15,473$10,544$7,008$4,563$2,924$559
35 years$14,866$10,001$6,552$4,201$2,648$477
36 years$14,294$9,492$6,129$3,869$2,399$407
37 years$13,754$9,016$5,737$3,564$2,175$347
38 years$13,244$8,568$5,372$3,285$1,971$297
39 years$12,762$8,147$5,033$3,029$1,788$253
40 years$12,304$7,752$4,718$2,794$1,622$216
41 years$11,870$7,379$4,424$2,578$1,471$185
42 years$11,458$7,027$4,150$2,379$1,335$158
43 years$11,066$6,696$3,894$2,196$1,211$135
44 years$10,693$6,382$3,655$2,028$1,100$115
45 years$10,338$6,086$3,432$1,873$998$98
46 years$9,999$5,806$3,223$1,730$906$84
47 years$9,675$5,541$3,028$1,598$823$71
48 years$9,366$5,289$2,846$1,477$747$61
49 years$9,070$5,051$2,675$1,365$679$52
50 years$8,787$4,825$2,515$1,262$617$45

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 $3,202 every year, while hoping to spend $40,131 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: 21/50/29 Blend
61$9,000,000$9,000,000$9,000,000$9,000,000
62$9,921,303$9,444,303$9,304,803$10,038,130
63$10,890,577$9,864,375$9,573,815$10,565,953
64$11,957,371$10,303,685$9,850,493$11,126,249
65$13,131,592$10,763,134$10,135,053$11,724,332
66$14,424,152$11,243,665$10,427,715$12,363,289
67$15,847,076$11,746,266$10,728,705$13,046,490
68$17,413,617$12,271,971$11,038,255$13,777,613
69$19,138,374$12,821,866$11,356,605$14,560,677
70$21,037,435$13,397,085$11,683,999$15,400,076
71$23,128,531$13,998,819$12,020,689$16,300,611
72$25,431,194$14,628,314$12,366,935$17,267,534
73$27,966,950$15,286,876$12,723,002$18,306,592
74$30,759,520$15,975,874$13,089,164$19,424,074
75$33,835,040$16,696,741$13,465,700$20,626,864
76$37,222,311$17,450,978$13,852,898$21,922,502
77$40,953,071$18,240,161$14,251,055$23,319,246
78$45,062,293$19,065,937$14,660,473$24,826,146
79$49,588,513$19,930,034$15,081,465$26,453,120
80$54,574,199$20,834,263$15,514,352$28,211,041
81$60,066,145$21,780,520$15,959,461$30,111,832
82$66,115,920$22,770,794$16,417,130$32,168,570
83$72,780,347$23,807,166$16,887,707$34,395,603
84$80,122,045$24,891,819$17,371,548$36,808,672
85$88,210,015$26,027,041$17,869,017$39,425,057
86$97,120,298$27,215,227$18,380,491$42,263,723
87$106,936,685$28,458,890$18,906,353$45,345,494
88$117,751,512$29,760,660$19,447,001$48,693,238
89$129,666,531$31,123,297$20,002,841$52,332,070
90$142,793,870$32,549,691$20,574,288$56,289,581
91$157,257,089$34,042,871$21,161,771$60,596,083
92$173,192,352$35,606,011$21,765,730$65,284,882
93$190,749,705$37,242,438$22,386,615$70,392,583
94$210,094,497$38,955,641$23,024,890$75,959,420
95$231,408,941$40,749,272$23,681,028$82,029,618
96$254,893,829$42,627,162$24,355,519$88,651,802
97$280,770,433$44,593,327$25,048,862$95,879,432
98$309,282,590$46,651,972$25,761,572$103,771,300
99$340,699,004$48,807,509$26,494,174$112,392,059
100$375,315,784$51,064,559$27,247,211$121,812,822