Can I retire at age 62 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$784,501$777,513$770,696$764,041$757,543$751,510
2 years$388,367$381,134$374,124$367,327$360,735$354,653
3 years$256,339$249,075$242,083$235,350$228,865$222,923
4 years$190,339$183,097$176,174$169,557$163,228$157,472
5 years$150,748$143,550$136,719$130,236$124,084$118,530
6 years$124,364$117,219$110,489$104,151$98,183$92,839
7 years$105,525$98,441$91,817$85,628$79,849$74,718
8 years$91,402$84,382$77,868$71,831$66,243$61,323
9 years$80,423$73,470$67,068$61,184$55,786$51,077
10 years$71,646$64,760$58,471$52,741$47,532$43,032
11 years$64,469$57,652$51,477$45,901$40,879$36,583
12 years$58,492$51,745$45,685$40,261$35,425$31,330
13 years$53,439$46,763$40,816$35,545$30,891$26,993
14 years$49,111$42,506$36,673$31,552$27,079$23,372
15 years$45,364$38,830$33,111$28,139$23,843$20,322
16 years$42,089$35,626$30,020$25,196$21,072$17,732
17 years$39,201$32,810$27,317$22,638$18,684$15,519
18 years$36,638$30,318$24,937$20,401$16,613$13,617
19 years$34,347$28,098$22,829$18,434$14,808$11,975
20 years$32,287$26,110$20,951$16,696$13,226$10,552
21 years$30,427$24,321$19,271$15,153$11,836$9,313
22 years$28,737$22,702$17,761$13,777$10,609$8,231
23 years$27,197$21,233$16,399$12,547$9,524$7,284
24 years$25,787$19,894$15,167$11,444$8,560$6,454
25 years$24,492$18,670$14,047$10,451$7,703$5,724
26 years$23,299$17,546$13,028$9,556$6,938$5,080
27 years$22,196$16,513$12,098$8,747$6,256$4,513
28 years$21,173$15,560$11,246$8,014$5,644$4,011
29 years$20,223$14,679$10,466$7,349$5,097$3,568
30 years$19,338$13,863$9,748$6,745$4,605$3,175
31 years$18,511$13,105$9,088$6,194$4,164$2,827
32 years$17,738$12,400$8,479$5,693$3,766$2,518
33 years$17,013$11,743$7,917$5,235$3,408$2,243
34 years$16,332$11,130$7,397$4,817$3,086$1,999
35 years$15,692$10,557$6,916$4,434$2,795$1,782
36 years$15,088$10,020$6,470$4,084$2,533$1,589
37 years$14,519$9,516$6,056$3,762$2,295$1,418
38 years$13,980$9,044$5,671$3,468$2,081$1,265
39 years$13,471$8,600$5,313$3,198$1,887$1,129
40 years$12,988$8,182$4,980$2,949$1,712$1,007
41 years$12,530$7,789$4,670$2,721$1,553$899
42 years$12,095$7,418$4,380$2,511$1,409$803
43 years$11,681$7,068$4,110$2,318$1,279$717
44 years$11,287$6,737$3,858$2,140$1,161$640
45 years$10,912$6,424$3,623$1,977$1,054$571
46 years$10,554$6,128$3,403$1,826$957$510
47 years$10,213$5,848$3,197$1,687$869$456
48 years$9,886$5,583$3,004$1,559$789$407
49 years$9,574$5,332$2,823$1,441$717$364
50 years$9,275$5,093$2,654$1,332$651$325

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,500,000, adding $5,696 every year, while hoping to spend $57,079 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: 44/37/19 Blend
61$9,500,000$9,500,000$9,500,000$9,500,000
62$10,474,875$9,971,375$9,824,125$10,877,954
63$11,482,581$10,399,241$10,092,502$11,589,959
64$12,591,160$10,846,159$10,367,956$12,355,171
65$13,810,840$11,313,003$10,650,665$13,183,417
66$15,152,892$11,800,687$10,940,809$14,080,551
67$16,629,734$12,310,168$11,238,573$15,053,003
68$18,255,048$12,842,447$11,544,146$16,107,833
69$20,043,911$13,398,574$11,857,722$17,252,797
70$22,012,933$13,979,647$12,179,499$18,496,413
71$24,180,418$14,586,816$12,509,678$19,848,045
72$26,566,535$15,221,285$12,848,467$21,317,978
73$29,193,507$15,884,313$13,196,076$22,917,519
74$32,085,821$16,577,221$13,552,721$24,659,096
75$35,270,461$17,301,391$13,918,623$26,556,373
76$38,777,158$18,058,269$14,294,007$28,624,373
77$42,638,675$18,849,371$14,679,104$30,879,614
78$46,891,114$19,676,285$15,074,148$33,340,264
79$51,574,256$20,540,670$15,479,380$36,026,304
80$56,731,935$21,444,269$15,895,044$38,959,714
81$62,412,457$22,388,902$16,321,393$42,164,670
82$68,669,049$23,376,480$16,758,681$45,667,775
83$75,560,365$24,409,000$17,207,169$49,498,295
84$83,151,037$25,488,556$17,667,124$53,688,434
85$91,512,289$26,617,342$18,138,819$58,273,632
86$100,722,604$27,797,653$18,622,531$63,292,891
87$110,868,466$29,031,895$19,118,543$68,789,133
88$122,045,180$30,322,588$19,627,144$74,809,606
89$134,357,765$31,672,371$20,148,630$81,406,313
90$147,921,948$33,084,008$20,683,300$88,636,501
91$162,865,259$34,560,396$21,231,463$96,563,190
92$179,328,228$36,104,569$21,793,429$105,255,761
93$197,465,717$37,719,703$22,369,519$114,790,599
94$217,448,380$39,409,128$22,960,058$125,251,807
95$239,464,271$41,176,331$23,565,376$136,731,987
96$263,720,622$43,024,966$24,185,811$149,333,107
97$290,445,797$44,958,861$24,821,707$163,167,449
98$319,891,448$46,982,025$25,473,414$178,358,661
99$352,334,891$49,098,660$26,141,289$195,042,907
100$388,081,723$51,313,168$26,825,696$213,370,147