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%15.2%
1 years$784,501$777,513$770,696$764,041$757,543$741,339
2 years$388,367$381,134$374,124$367,327$360,735$344,488
3 years$256,339$249,075$242,083$235,350$228,865$213,083
4 years$190,339$183,097$176,174$169,557$163,228$148,033
5 years$150,748$143,550$136,719$130,236$124,084$109,518
6 years$124,364$117,219$110,489$104,151$98,183$84,262
7 years$105,525$98,441$91,817$85,628$79,849$66,575
8 years$91,402$84,382$77,868$71,831$66,243$53,612
9 years$80,423$73,470$67,068$61,184$55,786$43,789
10 years$71,646$64,760$58,471$52,741$47,532$36,157
11 years$64,469$57,652$51,477$45,901$40,879$30,112
12 years$58,492$51,745$45,685$40,261$35,425$25,248
13 years$53,439$46,763$40,816$35,545$30,891$21,288
14 years$49,111$42,506$36,673$31,552$27,079$18,030
15 years$45,364$38,830$33,111$28,139$23,843$15,327
16 years$42,089$35,626$30,020$25,196$21,072$13,070
17 years$39,201$32,810$27,317$22,638$18,684$11,175
18 years$36,638$30,318$24,937$20,401$16,613$9,575
19 years$34,347$28,098$22,829$18,434$14,808$8,219
20 years$32,287$26,110$20,951$16,696$13,226$7,067
21 years$30,427$24,321$19,271$15,153$11,836$6,084
22 years$28,737$22,702$17,761$13,777$10,609$5,244
23 years$27,197$21,233$16,399$12,547$9,524$4,524
24 years$25,787$19,894$15,167$11,444$8,560$3,907
25 years$24,492$18,670$14,047$10,451$7,703$3,376
26 years$23,299$17,546$13,028$9,556$6,938$2,919
27 years$22,196$16,513$12,098$8,747$6,256$2,525
28 years$21,173$15,560$11,246$8,014$5,644$2,185
29 years$20,223$14,679$10,466$7,349$5,097$1,892
30 years$19,338$13,863$9,748$6,745$4,605$1,639
31 years$18,511$13,105$9,088$6,194$4,164$1,420
32 years$17,738$12,400$8,479$5,693$3,766$1,231
33 years$17,013$11,743$7,917$5,235$3,408$1,067
34 years$16,332$11,130$7,397$4,817$3,086$925
35 years$15,692$10,557$6,916$4,434$2,795$802
36 years$15,088$10,020$6,470$4,084$2,533$695
37 years$14,519$9,516$6,056$3,762$2,295$603
38 years$13,980$9,044$5,671$3,468$2,081$523
39 years$13,471$8,600$5,313$3,198$1,887$454
40 years$12,988$8,182$4,980$2,949$1,712$394
41 years$12,530$7,789$4,670$2,721$1,553$342
42 years$12,095$7,418$4,380$2,511$1,409$296
43 years$11,681$7,068$4,110$2,318$1,279$257
44 years$11,287$6,737$3,858$2,140$1,161$223
45 years$10,912$6,424$3,623$1,977$1,054$194
46 years$10,554$6,128$3,403$1,826$957$168
47 years$10,213$5,848$3,197$1,687$869$146
48 years$9,886$5,583$3,004$1,559$789$127
49 years$9,574$5,332$2,823$1,441$717$110
50 years$9,275$5,093$2,654$1,332$651$95

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 $6,441 every year, while hoping to spend $30,093 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: 64/7/29 Blend
61$9,500,000$9,500,000$9,500,000$9,500,000
62$10,475,644$9,972,144$9,824,894$11,064,664
63$11,512,141$10,428,760$10,122,009$11,921,296
64$12,653,352$10,906,742$10,428,069$12,853,077
65$13,909,926$11,407,105$10,743,342$13,870,629
66$15,293,598$11,930,912$11,068,103$14,982,388
67$16,817,297$12,479,279$11,402,637$16,197,641
68$18,495,272$13,053,374$11,747,235$17,526,610
69$20,343,222$13,654,422$12,102,200$18,980,548
70$22,378,449$14,283,707$12,467,842$20,571,844
71$24,620,015$14,942,573$12,844,479$22,314,139
72$27,088,929$15,632,431$13,232,442$24,222,450
73$29,808,338$16,354,759$13,632,067$26,313,314
74$32,803,752$17,111,106$14,043,705$28,604,940
75$36,103,280$17,903,095$14,467,714$31,117,379
76$39,737,896$18,732,428$14,904,463$33,872,714
77$43,741,733$19,600,889$15,354,335$36,895,264
78$48,152,405$20,510,347$15,817,720$40,211,809
79$53,011,359$21,462,763$16,295,023$43,851,849
80$58,364,270$22,460,191$16,786,658$47,847,872
81$64,261,469$23,504,784$17,293,055$52,235,661
82$70,758,420$24,598,799$17,814,653$57,054,633
83$77,916,241$25,744,603$18,351,907$62,348,204
84$85,802,285$26,944,676$18,905,283$68,164,196
85$94,490,771$28,201,618$19,475,263$74,555,292
86$104,063,487$29,518,155$20,062,342$81,579,524
87$114,610,562$30,897,144$20,667,029$89,300,819
88$126,231,315$32,341,580$21,289,851$97,789,604
89$139,035,196$33,854,603$21,931,347$107,123,464
90$153,142,812$35,439,506$22,592,074$117,387,870
91$168,687,076$37,099,738$23,272,605$128,676,988
92$185,814,451$38,838,919$23,973,531$141,094,557
93$204,686,339$40,660,840$24,695,458$154,754,873
94$225,480,603$42,569,477$25,439,013$169,783,857
95$248,393,243$44,569,001$26,204,838$186,320,246
96$273,640,251$46,663,779$26,993,598$204,516,892
97$301,459,648$48,858,396$27,805,975$224,542,208
98$332,113,728$51,157,653$28,642,671$246,581,750
99$365,891,538$53,566,588$29,504,410$270,839,962
100$403,111,604$56,090,480$30,391,937$297,542,106