Can I retire at age 62 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$751,469$744,776$738,245$731,871$725,647$715,394
2 years$372,015$365,086$358,371$351,861$345,546$335,236
3 years$245,546$238,588$231,890$225,441$219,229$209,182
4 years$182,324$175,387$168,757$162,417$156,356$146,650
5 years$144,401$137,506$130,962$124,752$118,859$109,523
6 years$119,127$112,284$105,837$99,765$94,049$85,093
7 years$101,082$94,296$87,951$82,023$76,487$67,914
8 years$87,554$80,829$74,589$68,807$63,453$55,263
9 years$77,037$70,376$64,244$58,608$53,437$45,625
10 years$68,629$62,033$56,009$50,521$45,531$38,091
11 years$61,754$55,224$49,310$43,968$39,158$32,084
12 years$56,029$49,566$43,761$38,566$33,934$27,216
13 years$51,189$44,794$39,098$34,048$29,591$23,221
14 years$47,043$40,716$35,129$30,224$25,939$19,907
15 years$43,454$37,195$31,717$26,954$22,839$17,135
16 years$40,316$34,126$28,756$24,135$20,185$14,797
17 years$37,551$31,428$26,167$21,685$17,897$12,815
18 years$35,095$29,041$23,887$19,542$15,914$11,125
19 years$32,901$26,915$21,867$17,658$14,184$9,678
20 years$30,928$25,011$20,069$15,993$12,670$8,433
21 years$29,146$23,297$18,459$14,515$11,338$7,360
22 years$27,527$21,747$17,013$13,197$10,163$6,432
23 years$26,052$20,339$15,709$12,019$9,123$5,628
24 years$24,702$19,056$14,528$10,962$8,200$4,928
25 years$23,461$17,884$13,456$10,011$7,378$4,320
26 years$22,318$16,808$12,480$9,154$6,646$3,789
27 years$21,261$15,818$11,588$8,379$5,992$3,326
28 years$20,282$14,905$10,773$7,677$5,407$2,921
29 years$19,372$14,061$10,025$7,040$4,882$2,567
30 years$18,524$13,279$9,338$6,461$4,411$2,256
31 years$17,732$12,553$8,706$5,933$3,988$1,984
32 years$16,991$11,878$8,122$5,453$3,608$1,745
33 years$16,297$11,249$7,584$5,015$3,265$1,536
34 years$15,645$10,661$7,086$4,614$2,956$1,352
35 years$15,031$10,112$6,625$4,247$2,677$1,190
36 years$14,453$9,598$6,197$3,912$2,426$1,048
37 years$13,907$9,116$5,801$3,604$2,199$923
38 years$13,392$8,663$5,432$3,322$1,993$813
39 years$12,904$8,238$5,089$3,063$1,808$716
40 years$12,441$7,838$4,770$2,825$1,640$631
41 years$12,002$7,461$4,473$2,607$1,487$556
42 years$11,586$7,105$4,196$2,406$1,350$490
43 years$11,189$6,770$3,937$2,221$1,225$432
44 years$10,812$6,453$3,696$2,050$1,112$381
45 years$10,453$6,154$3,470$1,894$1,009$335
46 years$10,110$5,870$3,259$1,749$916$296
47 years$9,783$5,602$3,062$1,616$832$261
48 years$9,470$5,348$2,877$1,493$756$230
49 years$9,171$5,107$2,705$1,380$686$203
50 years$8,885$4,878$2,543$1,276$623$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,100,000, adding $5,530 every year, while hoping to spend $49,793 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: 80/5/15 Blend
61$9,100,000$9,100,000$9,100,000$9,100,000
62$10,033,904$9,551,604$9,410,554$10,805,235
63$11,004,383$9,966,653$9,672,828$11,728,464
64$12,072,182$10,400,371$9,942,220$12,734,495
65$13,247,175$10,853,620$10,218,915$13,837,190
66$14,540,241$11,327,302$10,503,103$15,046,217
67$15,963,369$11,822,363$10,794,980$16,372,223
68$17,529,767$12,339,792$11,094,746$17,826,938
69$19,253,988$12,880,627$11,402,605$19,423,278
70$21,152,070$13,445,953$11,718,767$21,175,470
71$23,241,682$14,036,906$12,043,447$23,099,186
72$25,542,296$14,654,677$12,376,865$25,211,688
73$28,075,367$15,300,513$12,719,247$27,531,992
74$30,864,535$15,975,719$13,070,822$30,081,043
75$33,935,851$16,681,662$13,431,828$32,881,916
76$37,318,020$17,419,776$13,802,507$35,960,030
77$41,042,673$18,191,560$14,183,105$39,343,389
78$45,144,664$18,998,584$14,573,878$43,062,841
79$49,662,401$19,842,496$14,975,083$47,152,375
80$54,638,205$20,725,018$15,386,988$51,649,432
81$60,118,715$21,647,956$15,809,865$56,595,266
82$66,155,319$22,613,202$16,243,991$62,035,324
83$72,804,649$23,622,736$16,689,652$68,019,680
84$80,129,108$24,678,635$17,147,140$74,603,503
85$88,197,460$25,783,071$17,616,753$81,847,577
86$97,085,483$26,938,324$18,098,796$89,818,873
87$106,876,678$28,146,777$18,593,581$98,591,182
88$117,663,062$29,410,932$19,101,429$108,245,805
89$129,546,034$30,733,407$19,622,667$118,872,325
90$142,637,331$32,116,946$20,157,627$130,569,444
91$157,060,085$33,564,422$20,706,654$143,445,920
92$172,949,983$35,078,848$21,270,096$157,621,587
93$190,456,547$36,663,378$21,848,311$173,228,487
94$209,744,551$38,321,319$22,441,664$190,412,111
95$230,995,565$40,056,134$23,050,530$209,332,774
96$254,409,681$41,871,453$23,675,291$230,167,127
97$280,207,392$43,771,078$24,316,338$253,109,816
98$308,631,680$45,758,994$24,974,069$278,375,326
99$339,950,304$47,839,377$25,648,892$306,199,995
100$374,458,330$50,016,602$26,341,225$336,844,250