Can I retire at age 62 with 9,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$809,275$802,066$795,033$788,169$781,466$759,189
2 years$400,631$393,170$385,938$378,927$372,127$349,857
3 years$264,434$256,941$249,728$242,782$236,092$214,527
4 years$196,349$188,879$181,738$174,911$168,383$147,687
5 years$155,509$148,083$141,036$134,348$128,002$108,233
6 years$128,291$120,921$113,978$107,440$101,284$82,459
7 years$108,857$101,549$94,716$88,332$82,371$64,491
8 years$94,288$87,047$80,327$74,099$68,335$51,389
9 years$82,963$75,790$69,186$63,116$57,548$41,520
10 years$73,908$66,805$60,318$54,407$49,033$33,903
11 years$66,505$59,472$53,103$47,350$42,170$27,911
12 years$60,339$53,379$47,127$41,533$36,544$23,129
13 years$55,126$48,239$42,105$36,667$31,867$19,267
14 years$50,662$43,848$37,832$32,549$27,934$16,118
15 years$46,797$40,056$34,157$29,028$24,596$13,530
16 years$43,418$36,751$30,968$25,991$21,738$11,391
17 years$40,439$33,846$28,180$23,353$19,274$9,613
18 years$37,795$31,275$25,725$21,046$17,138$8,128
19 years$35,431$28,986$23,550$19,017$15,275$6,884
20 years$33,307$26,935$21,613$17,223$13,644$5,838
21 years$31,388$25,089$19,879$15,631$12,210$4,958
22 years$29,645$23,419$18,322$14,212$10,944$4,214
23 years$28,056$21,904$16,917$12,943$9,824$3,584
24 years$26,602$20,522$15,645$11,805$8,830$3,051
25 years$25,266$19,259$14,491$10,781$7,946$2,599
26 years$24,035$18,101$13,440$9,858$7,157$2,215
27 years$22,897$17,035$12,480$9,023$6,453$1,888
28 years$21,842$16,052$11,602$8,267$5,823$1,611
29 years$20,862$15,143$10,796$7,581$5,258$1,374
30 years$19,949$14,301$10,056$6,958$4,751$1,173
31 years$19,096$13,519$9,375$6,390$4,295$1,001
32 years$18,298$12,792$8,747$5,872$3,885$855
33 years$17,550$12,114$8,167$5,400$3,516$730
34 years$16,848$11,481$7,631$4,969$3,183$623
35 years$16,187$10,890$7,135$4,574$2,883$532
36 years$15,565$10,336$6,674$4,213$2,612$455
37 years$14,977$9,817$6,247$3,881$2,368$388
38 years$14,422$9,330$5,850$3,577$2,147$332
39 years$13,896$8,872$5,481$3,299$1,947$283
40 years$13,398$8,441$5,137$3,042$1,766$242
41 years$12,926$8,035$4,817$2,807$1,602$207
42 years$12,477$7,652$4,519$2,591$1,454$177
43 years$12,050$7,291$4,240$2,391$1,319$151
44 years$11,644$6,950$3,980$2,208$1,197$129
45 years$11,257$6,627$3,737$2,039$1,087$110
46 years$10,888$6,322$3,510$1,884$987$94
47 years$10,535$6,033$3,298$1,740$896$81
48 years$10,198$5,759$3,099$1,608$814$69
49 years$9,876$5,500$2,913$1,486$739$59
50 years$9,568$5,254$2,738$1,374$671$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,800,000, adding $3,633 every year, while hoping to spend $38,843 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: 51/25/24 Blend
61$9,800,000$9,800,000$9,800,000$9,800,000
62$10,803,347$10,283,947$10,132,047$11,281,545
63$11,863,960$10,746,532$10,430,142$12,076,142
64$13,031,454$11,230,482$10,736,922$12,935,400
65$14,316,689$11,736,802$11,052,635$13,868,917
66$15,731,632$12,266,547$11,377,540$14,883,759
67$17,289,471$12,820,820$11,711,900$15,987,692
68$19,004,736$13,400,779$12,055,988$17,189,253
69$20,893,438$14,007,636$12,410,082$18,497,829
70$22,973,219$14,642,661$12,774,470$19,923,739
71$25,263,521$15,307,184$13,149,448$21,478,332
72$27,785,765$16,002,601$13,535,319$23,174,089
73$30,563,556$16,730,372$13,932,396$25,024,736
74$33,622,907$17,492,029$14,340,999$27,045,376
75$36,992,481$18,289,175$14,761,460$29,252,619
76$40,703,862$19,123,493$15,194,117$31,664,742
77$44,791,856$19,996,744$15,639,320$34,301,856
78$49,294,816$20,910,775$16,097,428$37,186,088
79$54,255,004$21,867,520$16,568,809$40,341,791
80$59,718,994$22,869,008$17,053,843$43,795,765
81$65,738,105$23,917,363$17,552,920$47,577,507
82$72,368,890$25,014,812$18,066,441$51,719,485
83$79,673,668$26,163,689$18,594,819$56,257,438
84$87,721,113$27,366,440$19,138,476$61,230,708
85$96,586,900$28,625,629$19,697,848$66,682,608
86$106,354,422$29,943,943$20,273,384$72,660,820
87$117,115,574$31,324,198$20,865,544$79,217,846
88$128,971,623$32,769,344$21,474,801$86,411,491
89$142,034,163$34,282,476$22,101,640$94,305,404
90$156,426,166$35,866,836$22,746,564$102,969,673
91$172,283,145$37,525,821$23,410,084$112,481,479
92$189,754,434$39,262,995$24,092,730$122,925,814
93$209,004,594$41,082,089$24,795,044$134,396,280
94$230,214,970$42,987,019$25,517,585$146,995,961
95$253,585,399$44,981,885$26,260,927$160,838,388
96$279,336,100$47,070,987$27,025,658$176,048,602
97$307,709,749$49,258,833$27,812,384$192,764,324
98$338,973,773$51,550,146$28,621,729$211,137,248
99$373,422,874$53,949,878$29,454,333$231,334,459
100$411,381,806$56,463,222$30,310,852$253,540,001