Can I retire at age 62 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$767,985$761,144$754,470$747,956$741,595$732,328
2 years$380,191$373,110$366,248$359,594$353,141$343,816
3 years$250,943$243,832$236,987$230,396$224,047$214,954
4 years$186,331$179,242$172,466$165,987$159,792$151,002
5 years$147,575$140,528$133,840$127,494$121,471$113,009
6 years$121,745$114,752$108,163$101,958$96,116$87,992
7 years$103,303$96,368$89,884$83,825$78,168$70,385
8 years$89,478$82,605$76,229$70,319$64,848$57,405
9 years$78,730$71,923$65,656$59,896$54,611$47,505
10 years$70,137$63,396$57,240$51,631$46,532$39,758
11 years$63,111$56,438$50,393$44,934$40,019$33,571
12 years$57,261$50,656$44,723$39,414$34,679$28,551
13 years$52,314$45,778$39,957$34,796$30,241$24,423
14 years$48,077$41,611$35,901$30,888$26,509$20,994
15 years$44,409$38,012$32,414$27,547$23,341$18,119
16 years$41,203$34,876$29,388$24,665$20,629$15,691
17 years$38,376$32,119$26,742$22,162$18,291$13,627
18 years$35,867$29,680$24,412$19,972$16,263$11,864
19 years$33,624$27,507$22,348$18,046$14,496$10,351
20 years$31,608$25,561$20,510$16,344$12,948$9,047
21 years$29,786$23,809$18,865$14,834$11,587$7,920
22 years$28,132$22,225$17,387$13,487$10,386$6,942
23 years$26,625$20,786$16,054$12,283$9,323$6,092
24 years$25,245$19,475$14,847$11,203$8,380$5,352
25 years$23,977$18,277$13,752$10,231$7,541$4,706
26 years$22,809$17,177$12,754$9,355$6,792$4,141
27 years$21,729$16,166$11,843$8,563$6,124$3,646
28 years$20,728$15,233$11,010$7,845$5,526$3,213
29 years$19,797$14,370$10,245$7,194$4,990$2,832
30 years$18,931$13,571$9,543$6,603$4,508$2,498
31 years$18,122$12,829$8,897$6,064$4,076$2,204
32 years$17,365$12,139$8,301$5,573$3,687$1,945
33 years$16,655$11,496$7,751$5,125$3,337$1,717
34 years$15,988$10,896$7,242$4,715$3,021$1,517
35 years$15,361$10,334$6,771$4,341$2,736$1,340
36 years$14,771$9,809$6,334$3,998$2,479$1,184
37 years$14,213$9,316$5,928$3,683$2,247$1,046
38 years$13,686$8,854$5,551$3,395$2,037$924
39 years$13,187$8,419$5,201$3,130$1,847$817
40 years$12,715$8,010$4,875$2,887$1,676$722
41 years$12,266$7,625$4,571$2,664$1,520$639
42 years$11,840$7,261$4,288$2,458$1,379$565
43 years$11,435$6,919$4,024$2,269$1,252$500
44 years$11,050$6,595$3,777$2,095$1,136$442
45 years$10,682$6,289$3,546$1,935$1,032$391
46 years$10,332$5,999$3,331$1,788$937$346
47 years$9,998$5,725$3,129$1,651$850$306
48 years$9,678$5,466$2,941$1,526$772$270
49 years$9,372$5,219$2,764$1,410$701$239
50 years$9,080$4,986$2,599$1,304$637$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,300,000, adding $5,525 every year, while hoping to spend $45,370 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: 46/33/21 Blend
61$9,300,000$9,300,000$9,300,000$9,300,000
62$10,254,299$9,761,399$9,617,249$10,664,093
63$11,251,964$10,191,434$9,891,154$11,381,926
64$12,349,871$10,641,021$10,172,713$12,155,325
65$13,558,195$11,111,068$10,462,137$12,993,490
66$14,888,151$11,602,530$10,759,638$13,902,482
67$16,352,093$12,116,405$11,065,437$14,888,958
68$17,963,635$12,653,738$11,379,758$15,960,229
69$19,737,780$13,215,625$11,702,833$17,124,330
70$21,691,055$13,803,212$12,034,900$18,390,088
71$23,841,676$14,417,703$12,376,202$19,767,206
72$26,209,711$15,060,354$12,726,989$21,266,346
73$28,817,275$15,732,485$13,087,517$22,899,232
74$31,688,737$16,435,477$13,458,049$24,678,753
75$34,850,949$17,170,776$13,838,855$26,619,078
76$38,333,501$17,939,900$14,230,211$28,735,794
77$42,168,998$18,744,434$14,632,403$31,046,038
78$46,393,367$19,586,043$15,045,720$33,568,665
79$51,046,202$20,466,470$15,470,463$36,324,410
80$56,171,127$21,387,540$15,906,936$39,336,090
81$61,816,219$22,351,166$16,355,455$42,628,803
82$68,034,452$23,359,353$16,816,342$46,230,169
83$74,884,205$24,414,199$17,289,928$50,170,578
84$82,429,804$25,517,906$17,776,551$54,483,476
85$90,742,138$26,672,777$18,276,560$59,205,670
86$99,899,322$27,881,229$18,790,310$64,377,672
87$109,987,435$29,145,791$19,318,168$70,044,074
88$121,101,335$30,469,117$19,860,508$76,253,959
89$133,345,551$31,853,983$20,417,715$83,061,361
90$146,835,271$33,303,302$20,990,182$90,525,765
91$161,697,430$34,820,125$21,578,314$98,712,660
92$178,071,905$36,407,648$22,182,524$107,694,151
93$196,112,838$38,069,222$22,803,238$117,549,627
94$215,990,091$39,808,357$23,440,890$128,366,503
95$237,890,847$41,628,733$24,095,927$140,241,039
96$262,021,377$43,534,205$24,768,804$153,279,230
97$288,608,991$45,528,814$25,459,992$167,597,805
98$317,904,175$47,616,794$26,169,969$183,325,312
99$350,182,967$49,802,582$26,899,229$200,603,322
100$385,749,550$52,090,829$27,648,274$219,587,752