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%12%
1 years$784,501$777,513$770,696$764,041$757,543$751,196
2 years$388,367$381,134$374,124$367,327$360,735$354,338
3 years$256,339$249,075$242,083$235,350$228,865$222,616
4 years$190,339$183,097$176,174$169,557$163,228$157,176
5 years$150,748$143,550$136,719$130,236$124,084$118,246
6 years$124,364$117,219$110,489$104,151$98,183$92,567
7 years$105,525$98,441$91,817$85,628$79,849$74,457
8 years$91,402$84,382$77,868$71,831$66,243$61,074
9 years$80,423$73,470$67,068$61,184$55,786$50,840
10 years$71,646$64,760$58,471$52,741$47,532$42,806
11 years$64,469$57,652$51,477$45,901$40,879$36,369
12 years$58,492$51,745$45,685$40,261$35,425$31,127
13 years$53,439$46,763$40,816$35,545$30,891$26,801
14 years$49,111$42,506$36,673$31,552$27,079$23,190
15 years$45,364$38,830$33,111$28,139$23,843$20,150
16 years$42,089$35,626$30,020$25,196$21,072$17,570
17 years$39,201$32,810$27,317$22,638$18,684$15,367
18 years$36,638$30,318$24,937$20,401$16,613$13,474
19 years$34,347$28,098$22,829$18,434$14,808$11,841
20 years$32,287$26,110$20,951$16,696$13,226$10,426
21 years$30,427$24,321$19,271$15,153$11,836$9,195
22 years$28,737$22,702$17,761$13,777$10,609$8,121
23 years$27,197$21,233$16,399$12,547$9,524$7,181
24 years$25,787$19,894$15,167$11,444$8,560$6,358
25 years$24,492$18,670$14,047$10,451$7,703$5,634
26 years$23,299$17,546$13,028$9,556$6,938$4,997
27 years$22,196$16,513$12,098$8,747$6,256$4,435
28 years$21,173$15,560$11,246$8,014$5,644$3,939
29 years$20,223$14,679$10,466$7,349$5,097$3,501
30 years$19,338$13,863$9,748$6,745$4,605$3,113
31 years$18,511$13,105$9,088$6,194$4,164$2,769
32 years$17,738$12,400$8,479$5,693$3,766$2,464
33 years$17,013$11,743$7,917$5,235$3,408$2,194
34 years$16,332$11,130$7,397$4,817$3,086$1,954
35 years$15,692$10,557$6,916$4,434$2,795$1,740
36 years$15,088$10,020$6,470$4,084$2,533$1,551
37 years$14,519$9,516$6,056$3,762$2,295$1,382
38 years$13,980$9,044$5,671$3,468$2,081$1,232
39 years$13,471$8,600$5,313$3,198$1,887$1,098
40 years$12,988$8,182$4,980$2,949$1,712$979
41 years$12,530$7,789$4,670$2,721$1,553$873
42 years$12,095$7,418$4,380$2,511$1,409$779
43 years$11,681$7,068$4,110$2,318$1,279$695
44 years$11,287$6,737$3,858$2,140$1,161$620
45 years$10,912$6,424$3,623$1,977$1,054$553
46 years$10,554$6,128$3,403$1,826$957$493
47 years$10,213$5,848$3,197$1,687$869$440
48 years$9,886$5,583$3,004$1,559$789$393
49 years$9,574$5,332$2,823$1,441$717$351
50 years$9,275$5,093$2,654$1,332$651$313

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 $3,547 every year, while hoping to spend $40,013 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: 69/5/26 Blend
61$9,500,000$9,500,000$9,500,000$9,500,000
62$10,472,659$9,969,159$9,821,909$11,125,029
63$11,498,296$10,415,074$10,108,369$12,009,037
64$12,627,208$10,881,498$10,403,085$12,971,205
65$13,869,885$11,369,394$10,706,290$14,023,289
66$15,237,889$11,879,769$11,018,226$15,174,197
67$16,743,957$12,413,681$11,339,140$16,433,738
68$18,402,126$12,972,237$11,669,287$17,812,710
69$20,227,862$13,556,595$12,008,927$19,323,005
70$22,238,207$14,167,972$12,358,330$20,977,718
71$24,451,942$14,807,641$12,717,772$22,791,270
72$26,889,759$15,476,934$13,087,536$24,779,541
73$29,574,461$16,177,250$13,467,914$26,960,022
74$32,531,173$16,910,052$13,859,207$29,351,976
75$35,787,584$17,676,876$14,261,721$31,976,619
76$39,374,203$18,479,328$14,675,774$34,857,319
77$43,324,650$19,319,094$15,101,691$38,019,818
78$47,675,972$20,197,937$15,539,806$41,492,466
79$52,468,994$21,117,709$15,990,462$45,306,496
80$57,748,701$22,080,346$16,454,012$49,496,310
81$63,564,666$23,087,881$16,930,819$54,099,807
82$69,971,516$24,142,441$17,421,256$59,158,736
83$77,029,448$25,246,258$17,925,704$64,719,089
84$84,804,794$26,401,667$18,444,559$70,831,532
85$93,370,654$27,611,120$18,978,222$77,551,887
86$102,807,578$28,877,182$19,527,110$84,941,649
87$113,204,332$30,202,545$20,091,649$93,068,568
88$124,658,732$31,590,027$20,672,277$102,007,289
89$137,278,568$33,042,585$21,269,444$111,840,049
90$151,182,624$34,563,314$21,883,613$122,657,455
91$166,501,796$36,155,460$22,515,258$134,559,337
92$183,380,327$37,822,425$23,164,867$147,655,684
93$201,977,172$39,567,776$23,832,941$162,067,684
94$222,467,495$41,395,248$24,519,996$177,928,862
95$245,044,323$43,308,759$25,226,560$195,386,341
96$269,920,369$45,312,414$25,953,175$214,602,225
97$297,330,041$47,410,516$26,700,400$235,755,127
98$327,531,649$49,607,575$27,468,808$259,041,855
99$360,809,851$51,908,320$28,258,986$284,679,260
100$397,478,333$54,317,705$29,071,540$312,906,289