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%15.8%
1 years$817,533$810,251$803,146$796,211$789,440$770,668
2 years$404,719$397,182$389,877$382,794$375,924$357,122
3 years$267,133$259,563$252,276$245,260$238,501$220,256
4 years$198,353$190,806$183,592$176,696$170,101$152,553
5 years$157,096$149,594$142,475$135,719$129,308$112,507
6 years$129,600$122,155$115,141$108,536$102,317$86,279
7 years$109,968$102,586$95,683$89,233$83,211$67,939
8 years$95,251$87,935$81,147$74,856$69,032$54,519
9 years$83,810$76,563$69,892$63,760$58,135$44,369
10 years$74,662$67,487$60,933$54,962$49,534$36,501
11 years$67,183$60,079$53,644$47,833$42,601$30,282
12 years$60,955$53,924$47,608$41,956$36,917$25,292
13 years$55,689$48,731$42,535$37,041$32,192$21,239
14 years$51,179$44,296$38,218$32,881$28,219$17,915
15 years$47,274$40,465$34,505$29,324$24,847$15,166
16 years$43,861$37,126$31,284$26,257$21,960$12,878
17 years$40,852$34,191$28,467$23,591$19,471$10,963
18 years$38,180$31,594$25,987$21,261$17,313$9,352
19 years$35,793$29,281$23,790$19,211$15,431$7,992
20 years$33,647$27,210$21,833$17,399$13,783$6,841
21 years$31,708$25,345$20,082$15,791$12,335$5,862
22 years$29,947$23,658$18,509$14,357$11,056$5,029
23 years$28,342$22,127$17,090$13,076$9,925$4,319
24 years$26,873$20,732$15,805$11,926$8,920$3,712
25 years$25,524$19,456$14,639$10,891$8,027$3,192
26 years$24,280$18,285$13,577$9,958$7,231$2,747
27 years$23,131$17,209$12,607$9,115$6,519$2,365
28 years$22,065$16,216$11,720$8,351$5,882$2,037
29 years$21,075$15,297$10,906$7,658$5,311$1,755
30 years$20,152$14,447$10,159$7,029$4,799$1,512
31 years$19,291$13,657$9,471$6,455$4,339$1,304
32 years$18,485$12,922$8,836$5,932$3,925$1,124
33 years$17,729$12,238$8,251$5,455$3,552$970
34 years$17,020$11,599$7,709$5,019$3,216$836
35 years$16,352$11,001$7,207$4,621$2,913$722
36 years$15,723$10,442$6,742$4,255$2,639$623
37 years$15,130$9,917$6,311$3,921$2,392$537
38 years$14,569$9,425$5,910$3,614$2,169$464
39 years$14,038$8,962$5,537$3,332$1,966$400
40 years$13,535$8,527$5,190$3,074$1,784$345
41 years$13,058$8,117$4,866$2,836$1,618$298
42 years$12,604$7,730$4,565$2,617$1,468$257
43 years$12,173$7,365$4,283$2,416$1,333$222
44 years$11,763$7,020$4,021$2,231$1,210$192
45 years$11,372$6,695$3,775$2,060$1,098$166
46 years$10,999$6,386$3,546$1,903$997$143
47 years$10,643$6,095$3,331$1,758$905$123
48 years$10,302$5,818$3,130$1,624$822$107
49 years$9,977$5,556$2,942$1,501$747$92
50 years$9,666$5,307$2,766$1,388$678$80

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 $3,206 every year, while hoping to spend $36,941 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: 37/44/19 Blend
61$9,900,000$9,900,000$9,900,000$9,900,000
62$10,913,107$10,388,407$10,234,957$11,254,154
63$11,986,939$10,858,134$10,538,523$11,971,213
64$13,169,064$11,349,640$10,851,021$12,741,517
65$14,470,488$11,863,952$11,172,710$13,572,798
66$15,903,340$12,402,148$11,503,858$14,470,551
67$17,480,985$12,965,357$11,844,741$15,440,801
68$19,218,147$13,554,761$12,195,642$16,490,154
69$21,131,055$14,171,601$12,556,852$17,625,855
70$23,237,587$14,817,174$12,928,671$18,855,854
71$25,557,448$15,492,842$13,311,409$20,188,873
72$28,112,347$16,200,032$13,705,381$21,634,484
73$30,926,210$16,940,236$14,110,914$23,203,197
74$34,025,398$17,715,023$14,528,344$24,906,550
75$37,438,962$18,526,032$14,958,017$26,757,213
76$41,198,913$19,374,985$15,400,288$28,769,103
77$45,340,526$20,263,683$15,855,522$30,957,505
78$49,902,672$21,194,016$16,324,094$33,339,216
79$54,928,186$22,167,964$16,806,393$35,932,691
80$60,464,269$23,187,602$17,302,815$38,758,211
81$66,562,934$24,255,105$17,813,769$41,838,068
82$73,281,500$25,372,751$18,339,677$45,196,769
83$80,683,128$26,542,931$18,880,970$48,861,254
84$88,837,419$27,768,146$19,438,095$52,861,147
85$97,821,073$29,051,023$20,011,509$57,229,021
86$107,718,610$30,394,311$20,601,682$62,000,701
87$118,623,170$31,800,894$21,209,100$67,215,590
88$130,637,388$33,273,793$21,834,260$72,917,029
89$143,874,369$34,816,175$22,477,674$79,152,698
90$158,458,748$36,431,361$23,139,870$85,975,052
91$174,527,873$38,122,831$23,821,389$93,441,807
92$192,233,099$39,894,233$24,522,788$101,616,467
93$211,741,214$41,749,389$25,244,640$110,568,919
94$233,236,018$43,692,309$25,987,536$120,376,069
95$256,920,054$45,727,194$26,752,080$131,122,562
96$283,016,521$47,858,448$27,538,896$142,901,559
97$311,771,382$50,090,688$28,348,625$155,815,608
98$343,455,685$52,428,754$29,181,927$169,977,588
99$378,368,121$54,877,719$30,039,477$185,511,763
100$416,837,845$57,442,903$30,921,975$202,554,933