Can I retire at age 62 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$817,533$810,251$803,146$796,211$789,440$777,643
2 years$404,719$397,182$389,877$382,794$375,924$364,065
3 years$267,133$259,563$252,276$245,260$238,501$226,950
4 years$198,353$190,806$183,592$176,696$170,101$158,946
5 years$157,096$149,594$142,475$135,719$129,308$118,581
6 years$129,600$122,155$115,141$108,536$102,317$92,031
7 years$109,968$102,586$95,683$89,233$83,211$73,370
8 years$95,251$87,935$81,147$74,856$69,032$59,633
9 years$83,810$76,563$69,892$63,760$58,135$49,175
10 years$74,662$67,487$60,933$54,962$49,534$41,005
11 years$67,183$60,079$53,644$47,833$42,601$34,495
12 years$60,955$53,924$47,608$41,956$36,917$29,224
13 years$55,689$48,731$42,535$37,041$32,192$24,902
14 years$51,179$44,296$38,218$32,881$28,219$21,319
15 years$47,274$40,465$34,505$29,324$24,847$18,325
16 years$43,861$37,126$31,284$26,257$21,960$15,803
17 years$40,852$34,191$28,467$23,591$19,471$13,667
18 years$38,180$31,594$25,987$21,261$17,313$11,847
19 years$35,793$29,281$23,790$19,211$15,431$10,291
20 years$33,647$27,210$21,833$17,399$13,783$8,955
21 years$31,708$25,345$20,082$15,791$12,335$7,804
22 years$29,947$23,658$18,509$14,357$11,056$6,809
23 years$28,342$22,127$17,090$13,076$9,925$5,948
24 years$26,873$20,732$15,805$11,926$8,920$5,201
25 years$25,524$19,456$14,639$10,891$8,027$4,552
26 years$24,280$18,285$13,577$9,958$7,231$3,986
27 years$23,131$17,209$12,607$9,115$6,519$3,493
28 years$22,065$16,216$11,720$8,351$5,882$3,063
29 years$21,075$15,297$10,906$7,658$5,311$2,687
30 years$20,152$14,447$10,159$7,029$4,799$2,358
31 years$19,291$13,657$9,471$6,455$4,339$2,070
32 years$18,485$12,922$8,836$5,932$3,925$1,818
33 years$17,729$12,238$8,251$5,455$3,552$1,597
34 years$17,020$11,599$7,709$5,019$3,216$1,403
35 years$16,352$11,001$7,207$4,621$2,913$1,233
36 years$15,723$10,442$6,742$4,255$2,639$1,084
37 years$15,130$9,917$6,311$3,921$2,392$953
38 years$14,569$9,425$5,910$3,614$2,169$838
39 years$14,038$8,962$5,537$3,332$1,966$737
40 years$13,535$8,527$5,190$3,074$1,784$648
41 years$13,058$8,117$4,866$2,836$1,618$570
42 years$12,604$7,730$4,565$2,617$1,468$502
43 years$12,173$7,365$4,283$2,416$1,333$441
44 years$11,763$7,020$4,021$2,231$1,210$388
45 years$11,372$6,695$3,775$2,060$1,098$342
46 years$10,999$6,386$3,546$1,903$997$301
47 years$10,643$6,095$3,331$1,758$905$265
48 years$10,302$5,818$3,130$1,624$822$233
49 years$9,977$5,556$2,942$1,501$747$205
50 years$9,666$5,307$2,766$1,388$678$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,900,000, adding $5,239 every year, while hoping to spend $57,196 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: 80/8/12 Blend
61$9,900,000$9,900,000$9,900,000$9,900,000
62$10,915,204$10,390,504$10,237,054$11,763,931
63$11,967,699$10,838,783$10,519,139$12,770,347
64$13,125,631$11,307,110$10,808,757$13,866,572
65$14,399,695$11,796,408$11,106,100$15,067,902
66$15,801,674$12,307,642$11,411,365$16,384,831
67$17,344,550$12,841,822$11,724,751$17,828,914
68$19,042,631$13,400,007$12,046,466$19,412,878
69$20,911,676$13,983,305$12,376,720$21,150,737
70$22,969,056$14,592,876$12,715,729$23,057,928
71$25,233,906$15,229,933$13,063,712$25,151,452
72$27,727,314$15,895,750$13,420,897$27,450,034
73$30,472,516$16,591,657$13,787,512$29,974,299
74$33,495,114$17,319,050$14,163,795$32,746,965
75$36,823,321$18,079,388$14,549,988$35,793,057
76$40,488,223$18,874,202$14,946,336$39,140,140
77$44,524,077$19,705,093$15,353,094$42,818,580
78$48,968,629$20,573,739$15,770,518$46,861,828
79$53,863,472$21,481,895$16,198,874$51,306,732
80$59,254,441$22,431,403$16,638,431$56,193,889
81$65,192,041$23,424,188$17,089,465$61,568,019
82$71,731,926$24,462,270$17,552,259$67,478,393
83$78,935,423$25,547,763$18,027,101$73,979,291
84$86,870,113$26,682,880$18,514,285$81,130,512
85$95,610,464$27,869,940$19,014,113$88,997,942
86$105,238,539$29,111,375$19,526,893$97,654,168
87$115,844,765$30,409,727$20,052,939$107,179,165
88$127,528,791$31,767,664$20,592,573$117,661,047
89$140,400,425$33,187,976$21,146,121$129,196,896
90$154,580,672$34,673,591$21,713,920$141,893,678
91$170,202,876$36,227,572$22,296,312$155,869,247
92$187,413,976$37,853,130$22,893,645$171,253,460
93$206,375,896$39,553,628$23,506,277$188,189,395
94$227,267,071$41,332,590$24,134,571$206,834,702
95$250,284,133$43,193,707$24,778,899$227,363,087
96$275,643,763$45,140,847$25,439,641$249,965,950
97$303,584,741$47,178,063$26,117,183$274,854,185
98$334,370,196$49,309,599$26,811,920$302,260,175
99$368,290,092$51,539,905$27,524,255$332,439,974
100$405,663,962$53,873,641$28,254,598$365,675,726