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%12.4%
1 years$817,533$810,251$803,146$796,211$789,440$781,521
2 years$404,719$397,182$389,877$382,794$375,924$367,948
3 years$267,133$259,563$252,276$245,260$238,501$230,716
4 years$198,353$190,806$183,592$176,696$170,101$162,566
5 years$157,096$149,594$142,475$135,719$129,308$122,045
6 years$129,600$122,155$115,141$108,536$102,317$95,336
7 years$109,968$102,586$95,683$89,233$83,211$76,514
8 years$95,251$87,935$81,147$74,856$69,032$62,619
9 years$83,810$76,563$69,892$63,760$58,135$52,004
10 years$74,662$67,487$60,933$54,962$49,534$43,681
11 years$67,183$60,079$53,644$47,833$42,601$37,021
12 years$60,955$53,924$47,608$41,956$36,917$31,605
13 years$55,689$48,731$42,535$37,041$32,192$27,142
14 years$51,179$44,296$38,218$32,881$28,219$23,424
15 years$47,274$40,465$34,505$29,324$24,847$20,298
16 years$43,861$37,126$31,284$26,257$21,960$17,651
17 years$40,852$34,191$28,467$23,591$19,471$15,394
18 years$38,180$31,594$25,987$21,261$17,313$13,460
19 years$35,793$29,281$23,790$19,211$15,431$11,795
20 years$33,647$27,210$21,833$17,399$13,783$10,354
21 years$31,708$25,345$20,082$15,791$12,335$9,105
22 years$29,947$23,658$18,509$14,357$11,056$8,017
23 years$28,342$22,127$17,090$13,076$9,925$7,068
24 years$26,873$20,732$15,805$11,926$8,920$6,238
25 years$25,524$19,456$14,639$10,891$8,027$5,511
26 years$24,280$18,285$13,577$9,958$7,231$4,872
27 years$23,131$17,209$12,607$9,115$6,519$4,311
28 years$22,065$16,216$11,720$8,351$5,882$3,817
29 years$21,075$15,297$10,906$7,658$5,311$3,381
30 years$20,152$14,447$10,159$7,029$4,799$2,996
31 years$19,291$13,657$9,471$6,455$4,339$2,657
32 years$18,485$12,922$8,836$5,932$3,925$2,357
33 years$17,729$12,238$8,251$5,455$3,552$2,091
34 years$17,020$11,599$7,709$5,019$3,216$1,856
35 years$16,352$11,001$7,207$4,621$2,913$1,648
36 years$15,723$10,442$6,742$4,255$2,639$1,463
37 years$15,130$9,917$6,311$3,921$2,392$1,300
38 years$14,569$9,425$5,910$3,614$2,169$1,154
39 years$14,038$8,962$5,537$3,332$1,966$1,026
40 years$13,535$8,527$5,190$3,074$1,784$912
41 years$13,058$8,117$4,866$2,836$1,618$810
42 years$12,604$7,730$4,565$2,617$1,468$720
43 years$12,173$7,365$4,283$2,416$1,333$640
44 years$11,763$7,020$4,021$2,231$1,210$569
45 years$11,372$6,695$3,775$2,060$1,098$506
46 years$10,999$6,386$3,546$1,903$997$450
47 years$10,643$6,095$3,331$1,758$905$400
48 years$10,302$5,818$3,130$1,624$822$356
49 years$9,977$5,556$2,942$1,501$747$316
50 years$9,666$5,307$2,766$1,388$678$281

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 $5,554 every year, while hoping to spend $43,589 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: 65/30/5 Blend
61$9,900,000$9,900,000$9,900,000$9,900,000
62$10,915,529$10,390,829$10,237,379$11,617,330
63$11,982,535$10,853,601$10,533,953$12,546,894
64$13,156,914$11,337,588$10,839,001$13,556,297
65$14,449,573$11,843,784$11,152,761$14,657,866
66$15,872,529$12,373,229$11,475,478$15,860,551
67$17,439,023$12,927,013$11,807,403$17,174,191
68$19,163,645$13,506,279$12,148,793$18,609,611
69$21,062,473$14,112,223$12,499,914$20,178,717
70$23,153,222$14,746,098$12,861,037$21,894,608
71$25,455,411$15,409,218$13,232,443$23,771,693
72$27,990,552$16,102,959$13,614,419$25,825,828
73$30,782,347$16,828,761$14,007,260$28,074,460
74$33,856,911$17,588,136$14,411,268$30,536,788
75$37,243,027$18,382,666$14,826,757$33,233,941
76$40,972,407$19,214,007$15,254,044$36,189,174
77$45,079,997$20,083,898$15,693,459$39,428,083
78$49,604,306$20,994,159$16,145,339$42,978,842
79$54,587,769$21,946,696$16,610,031$46,872,465
80$60,077,145$22,943,507$17,087,891$51,143,093
81$66,123,962$23,986,688$17,579,284$55,828,315
82$72,785,001$25,078,431$18,084,585$60,969,511
83$80,122,833$26,221,036$18,604,180$66,612,246
84$88,206,407$27,416,912$19,138,466$72,806,686
85$97,111,704$28,668,583$19,687,848$79,608,072
86$106,922,450$29,978,697$20,252,743$87,077,232
87$117,730,912$31,350,024$20,833,582$95,281,151
88$129,638,761$32,785,472$21,430,803$104,293,595
89$142,758,038$34,288,084$22,044,859$114,195,799
90$157,212,210$35,861,052$22,676,213$125,077,231
91$173,137,332$37,507,720$23,325,343$137,036,425
92$190,683,335$39,231,593$23,992,737$150,181,906
93$210,015,440$41,036,345$24,678,898$164,633,202
94$231,315,714$42,925,826$25,384,341$180,521,968
95$254,784,796$44,904,070$26,109,595$197,993,218
96$280,643,783$46,975,307$26,855,204$217,206,684
97$309,136,320$49,143,970$27,621,725$238,338,313
98$340,530,904$51,414,703$28,409,732$261,581,919
99$375,123,409$53,792,376$29,219,811$287,151,003
100$413,239,887$56,282,093$30,052,565$315,280,752