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

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$817,533$810,251$803,146$796,211$789,440$760,825
2 years$404,719$397,182$389,877$382,794$375,924$347,409
3 years$267,133$259,563$252,276$245,260$238,501$210,983
4 years$198,353$190,806$183,592$176,696$170,101$143,789
5 years$157,096$149,594$142,475$135,719$129,308$104,271
6 years$129,600$122,155$115,141$108,536$102,317$78,574
7 years$109,968$102,586$95,683$89,233$83,211$60,756
8 years$95,251$87,935$81,147$74,856$69,032$47,845
9 years$83,810$76,563$69,892$63,760$58,135$38,187
10 years$74,662$67,487$60,933$54,962$49,534$30,792
11 years$67,183$60,079$53,644$47,833$42,601$25,024
12 years$60,955$53,924$47,608$41,956$36,917$20,463
13 years$55,689$48,731$42,535$37,041$32,192$16,816
14 years$51,179$44,296$38,218$32,881$28,219$13,873
15 years$47,274$40,465$34,505$29,324$24,847$11,482
16 years$43,861$37,126$31,284$26,257$21,960$9,528
17 years$40,852$34,191$28,467$23,591$19,471$7,923
18 years$38,180$31,594$25,987$21,261$17,313$6,601
19 years$35,793$29,281$23,790$19,211$15,431$5,507
20 years$33,647$27,210$21,833$17,399$13,783$4,599
21 years$31,708$25,345$20,082$15,791$12,335$3,846
22 years$29,947$23,658$18,509$14,357$11,056$3,218
23 years$28,342$22,127$17,090$13,076$9,925$2,695
24 years$26,873$20,732$15,805$11,926$8,920$2,258
25 years$25,524$19,456$14,639$10,891$8,027$1,892
26 years$24,280$18,285$13,577$9,958$7,231$1,587
27 years$23,131$17,209$12,607$9,115$6,519$1,331
28 years$22,065$16,216$11,720$8,351$5,882$1,117
29 years$21,075$15,297$10,906$7,658$5,311$938
30 years$20,152$14,447$10,159$7,029$4,799$787
31 years$19,291$13,657$9,471$6,455$4,339$661
32 years$18,485$12,922$8,836$5,932$3,925$555
33 years$17,729$12,238$8,251$5,455$3,552$466
34 years$17,020$11,599$7,709$5,019$3,216$391
35 years$16,352$11,001$7,207$4,621$2,913$329
36 years$15,723$10,442$6,742$4,255$2,639$276
37 years$15,130$9,917$6,311$3,921$2,392$232
38 years$14,569$9,425$5,910$3,614$2,169$195
39 years$14,038$8,962$5,537$3,332$1,966$164
40 years$13,535$8,527$5,190$3,074$1,784$138
41 years$13,058$8,117$4,866$2,836$1,618$116
42 years$12,604$7,730$4,565$2,617$1,468$97
43 years$12,173$7,365$4,283$2,416$1,333$82
44 years$11,763$7,020$4,021$2,231$1,210$69
45 years$11,372$6,695$3,775$2,060$1,098$58
46 years$10,999$6,386$3,546$1,903$997$48
47 years$10,643$6,095$3,331$1,758$905$41
48 years$10,302$5,818$3,130$1,624$822$34
49 years$9,977$5,556$2,942$1,501$747$29
50 years$9,666$5,307$2,766$1,388$678$24

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 $2,709 every year, while hoping to spend $42,231 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: 60/18/22 Blend
61$9,900,000$9,900,000$9,900,000$9,900,000
62$10,912,594$10,387,894$10,234,444$11,503,639
63$11,980,745$10,851,968$10,532,365$12,368,959
64$13,156,433$11,337,365$10,838,850$13,307,771
65$14,450,580$11,845,087$11,154,143$14,331,130
66$15,875,224$12,376,182$11,478,492$15,447,250
67$17,443,629$12,931,746$11,812,153$16,665,166
68$19,170,408$13,512,931$12,155,389$17,994,817
69$21,071,667$14,120,942$12,508,472$19,447,142
70$23,165,148$14,757,039$12,871,677$21,034,174
71$25,470,407$15,422,547$13,245,291$22,769,157
72$28,008,987$16,118,851$13,629,608$24,666,665
73$30,804,632$16,847,403$14,024,928$26,742,739
74$33,883,502$17,609,724$14,431,561$29,015,035
75$37,274,427$18,407,407$14,849,825$31,502,987
76$41,009,172$19,242,124$15,280,048$34,227,991
77$45,122,742$20,115,623$15,722,564$37,213,597
78$49,653,712$21,029,739$16,177,720$40,485,735
79$54,644,587$21,986,392$16,645,870$44,072,955
80$60,142,207$22,987,597$17,127,379$48,006,689
81$66,198,185$24,035,463$17,622,619$52,321,548
82$72,869,400$25,132,201$18,131,977$57,055,646
83$80,218,528$26,280,127$18,655,847$62,250,950
84$88,314,634$27,481,670$19,194,634$67,953,679
85$97,233,828$28,739,373$19,748,756$74,214,730
86$107,059,980$30,055,904$20,318,641$81,090,161
87$117,885,511$31,434,056$20,904,729$88,641,707
88$129,812,267$32,876,759$21,507,471$96,937,365
89$142,952,479$34,387,080$22,127,331$106,052,027
90$157,429,821$35,968,237$22,764,787$116,068,184
91$173,380,583$37,623,601$23,420,327$127,076,697
92$190,954,950$39,356,704$24,094,455$139,177,650
93$210,318,422$41,171,250$24,787,687$152,481,290
94$231,653,380$43,071,120$25,500,553$167,109,060
95$255,160,802$45,060,382$26,233,599$183,194,738
96$281,062,162$47,143,299$26,987,383$200,885,698
97$309,601,522$49,324,341$27,762,480$220,344,285
98$341,047,834$51,608,190$28,559,479$241,749,351
99$375,697,479$53,999,757$29,378,988$265,297,928
100$413,877,065$56,504,188$30,221,627$291,207,083