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%15.4%
1 years$784,501$777,513$770,696$764,041$757,543$740,735
2 years$388,367$381,134$374,124$367,327$360,735$343,888
3 years$256,339$249,075$242,083$235,350$228,865$212,506
4 years$190,339$183,097$176,174$169,557$163,228$147,483
5 years$150,748$143,550$136,719$130,236$124,084$108,996
6 years$124,364$117,219$110,489$104,151$98,183$83,769
7 years$105,525$98,441$91,817$85,628$79,849$66,112
8 years$91,402$84,382$77,868$71,831$66,243$53,176
9 years$80,423$73,470$67,068$61,184$55,786$43,381
10 years$71,646$64,760$58,471$52,741$47,532$35,776
11 years$64,469$57,652$51,477$45,901$40,879$29,757
12 years$58,492$51,745$45,685$40,261$35,425$24,918
13 years$53,439$46,763$40,816$35,545$30,891$20,981
14 years$49,111$42,506$36,673$31,552$27,079$17,746
15 years$45,364$38,830$33,111$28,139$23,843$15,065
16 years$42,089$35,626$30,020$25,196$21,072$12,828
17 years$39,201$32,810$27,317$22,638$18,684$10,952
18 years$36,638$30,318$24,937$20,401$16,613$9,371
19 years$34,347$28,098$22,829$18,434$14,808$8,032
20 years$32,287$26,110$20,951$16,696$13,226$6,895
21 years$30,427$24,321$19,271$15,153$11,836$5,927
22 years$28,737$22,702$17,761$13,777$10,609$5,101
23 years$27,197$21,233$16,399$12,547$9,524$4,394
24 years$25,787$19,894$15,167$11,444$8,560$3,788
25 years$24,492$18,670$14,047$10,451$7,703$3,268
26 years$23,299$17,546$13,028$9,556$6,938$2,821
27 years$22,196$16,513$12,098$8,747$6,256$2,437
28 years$21,173$15,560$11,246$8,014$5,644$2,106
29 years$20,223$14,679$10,466$7,349$5,097$1,820
30 years$19,338$13,863$9,748$6,745$4,605$1,574
31 years$18,511$13,105$9,088$6,194$4,164$1,361
32 years$17,738$12,400$8,479$5,693$3,766$1,178
33 years$17,013$11,743$7,917$5,235$3,408$1,019
34 years$16,332$11,130$7,397$4,817$3,086$882
35 years$15,692$10,557$6,916$4,434$2,795$764
36 years$15,088$10,020$6,470$4,084$2,533$661
37 years$14,519$9,516$6,056$3,762$2,295$572
38 years$13,980$9,044$5,671$3,468$2,081$496
39 years$13,471$8,600$5,313$3,198$1,887$429
40 years$12,988$8,182$4,980$2,949$1,712$372
41 years$12,530$7,789$4,670$2,721$1,553$322
42 years$12,095$7,418$4,380$2,511$1,409$279
43 years$11,681$7,068$4,110$2,318$1,279$242
44 years$11,287$6,737$3,858$2,140$1,161$209
45 years$10,912$6,424$3,623$1,977$1,054$181
46 years$10,554$6,128$3,403$1,826$957$157
47 years$10,213$5,848$3,197$1,687$869$136
48 years$9,886$5,583$3,004$1,559$789$118
49 years$9,574$5,332$2,823$1,441$717$102
50 years$9,275$5,093$2,654$1,332$651$89

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 $4,273 every year, while hoping to spend $37,878 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: 28/46/26 Blend
61$9,500,000$9,500,000$9,500,000$9,500,000
62$10,473,408$9,969,908$9,822,658$10,681,737
63$11,501,393$10,418,131$10,111,415$11,295,484
64$12,632,964$10,887,048$10,408,576$11,950,838
65$13,878,645$11,377,633$10,714,382$12,654,184
66$15,250,036$11,890,905$11,029,082$13,409,658
67$16,759,914$12,427,934$11,352,932$14,221,790
68$18,422,363$12,989,841$11,686,193$15,095,534
69$20,252,900$13,577,799$12,029,135$16,036,318
70$22,268,622$14,193,037$12,382,038$17,050,086
71$24,488,370$14,836,845$12,745,185$18,143,350
72$26,932,906$15,510,572$13,118,871$19,323,247
73$29,625,106$16,215,634$13,503,396$20,597,599
74$32,590,179$16,953,512$13,899,073$21,974,984
75$35,855,904$17,725,761$14,306,218$23,464,808
76$39,452,892$18,534,009$14,725,162$25,077,390
77$43,414,872$19,379,960$15,156,240$26,824,053
78$47,779,014$20,265,403$15,599,799$28,717,221
79$52,586,277$21,192,212$16,056,196$30,770,531
80$57,881,796$22,162,349$16,525,797$32,998,958
81$63,715,307$23,177,872$17,008,979$35,418,941
82$70,141,617$24,240,937$17,506,129$38,048,536
83$77,221,123$25,353,803$18,017,645$40,907,577
84$85,020,377$26,518,839$18,543,936$44,017,853
85$93,612,721$27,738,528$19,085,423$47,403,303
86$103,078,972$29,015,469$19,642,538$51,090,238
87$113,508,190$30,352,390$20,215,726$55,107,571
88$124,998,515$31,752,147$20,805,443$59,487,087
89$137,658,098$33,217,736$21,412,159$64,263,729
90$151,606,114$34,752,295$22,036,357$69,475,913
91$166,973,895$36,359,115$22,678,532$75,165,885
92$183,906,164$38,041,644$23,339,195$81,380,101
93$202,562,404$39,803,496$24,018,869$88,169,657
94$223,118,362$41,648,459$24,718,094$95,590,753
95$245,767,707$43,580,506$25,437,422$103,705,214
96$270,723,860$45,603,798$26,177,423$112,581,054
97$298,222,008$47,722,699$26,938,681$122,293,106
98$328,521,324$49,941,781$27,721,797$132,923,708
99$361,907,410$52,265,840$28,527,389$144,563,465
100$398,695,000$54,699,900$29,356,090$157,312,088