Can I retire at age 62 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$850,564$842,988$835,596$828,381$821,336$811,073
2 years$421,071$413,229$405,629$398,260$391,113$380,785
3 years$277,926$270,050$262,469$255,169$248,138$238,068
4 years$206,367$198,515$191,010$183,835$176,974$167,239
5 years$163,443$155,638$148,232$141,203$134,533$125,160
6 years$134,836$127,090$119,793$112,921$106,451$97,453
7 years$114,411$106,730$99,549$92,839$86,573$77,953
8 years$99,099$91,488$84,425$77,880$71,821$63,577
9 years$87,196$79,656$72,715$66,337$60,484$52,613
10 years$77,679$70,213$63,395$57,183$51,535$44,033
11 years$69,898$62,507$55,812$49,766$44,322$37,181
12 years$63,418$56,103$49,532$43,652$38,408$31,621
13 years$57,939$50,700$44,253$38,538$33,493$27,050
14 years$53,247$46,085$39,762$34,210$29,360$23,251
15 years$49,184$42,100$35,900$30,509$25,851$20,067
16 years$45,633$38,626$32,548$27,317$22,847$17,378
17 years$42,503$35,573$29,618$24,544$20,258$15,093
18 years$39,723$32,871$27,037$22,120$18,012$13,140
19 years$37,239$30,464$24,751$19,987$16,055$11,464
20 years$35,006$28,309$22,715$18,102$14,340$10,020
21 years$32,989$26,369$20,894$16,429$12,833$8,771
22 years$31,157$24,614$19,257$14,937$11,503$7,689
23 years$29,487$23,021$17,780$13,604$10,326$6,747
24 years$27,959$21,569$16,444$12,407$9,281$5,928
25 years$26,555$20,242$15,230$11,331$8,351$5,212
26 years$25,261$19,024$14,125$10,361$7,523$4,586
27 years$24,065$17,904$13,116$9,483$6,782$4,038
28 years$22,956$16,871$12,193$8,689$6,120$3,558
29 years$21,926$15,916$11,347$7,968$5,526$3,137
30 years$20,966$15,031$10,569$7,312$4,993$2,766
31 years$20,070$14,209$9,854$6,716$4,514$2,441
32 years$19,232$13,444$9,194$6,172$4,083$2,154
33 years$18,446$12,732$8,584$5,676$3,696$1,902
34 years$17,708$12,067$8,020$5,222$3,346$1,680
35 years$17,013$11,446$7,499$4,807$3,030$1,484
36 years$16,359$10,863$7,015$4,427$2,746$1,311
37 years$15,741$10,318$6,566$4,079$2,489$1,158
38 years$15,158$9,806$6,148$3,760$2,256$1,024
39 years$14,605$9,324$5,760$3,467$2,046$905
40 years$14,082$8,871$5,399$3,198$1,856$800
41 years$13,585$8,445$5,063$2,950$1,684$707
42 years$13,113$8,042$4,749$2,723$1,528$626
43 years$12,665$7,663$4,456$2,513$1,386$553
44 years$12,238$7,304$4,183$2,321$1,258$489
45 years$11,831$6,965$3,928$2,143$1,142$433
46 years$11,443$6,644$3,689$1,980$1,037$383
47 years$11,073$6,341$3,466$1,829$942$339
48 years$10,719$6,053$3,257$1,690$855$300
49 years$10,380$5,780$3,061$1,562$777$265
50 years$10,056$5,522$2,878$1,444$706$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,300,000, adding $4,998 every year, while hoping to spend $29,667 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: 73/16/11 Blend
61$10,300,000$10,300,000$10,300,000$10,300,000
62$11,355,755$10,809,855$10,650,205$12,159,902
63$12,482,477$11,307,973$10,975,422$13,190,039
64$13,723,130$11,829,504$11,310,539$14,313,811
65$15,089,304$12,375,564$11,655,856$15,543,840
66$16,593,769$12,947,323$12,011,684$16,890,630
67$18,250,599$13,546,008$12,378,341$18,365,743
68$20,075,300$14,172,902$12,756,155$19,981,909
69$22,084,959$14,829,353$13,145,465$21,753,136
70$24,298,406$15,516,772$13,546,619$23,694,851
71$26,736,389$16,236,639$13,959,976$25,824,032
72$29,421,772$16,990,506$14,385,907$28,159,375
73$32,379,750$17,779,997$14,824,792$30,721,466
74$35,638,085$18,606,818$15,277,023$33,532,968
75$39,227,372$19,472,755$15,743,006$36,618,841
76$43,181,324$20,379,679$16,223,156$40,006,565
77$47,537,091$21,329,555$16,717,904$43,726,405
78$52,335,611$22,324,440$17,227,690$47,811,691
79$57,621,997$23,366,491$17,752,971$52,299,128
80$63,445,961$24,457,970$18,294,216$57,229,140
81$69,862,284$25,601,246$18,851,908$62,646,249
82$76,931,335$26,798,805$19,426,545$68,599,493
83$84,719,637$28,053,252$20,018,640$75,142,883
84$93,300,497$29,367,318$20,628,721$82,335,910
85$102,754,697$30,743,866$21,257,333$90,244,104
86$113,171,259$32,185,898$21,905,036$98,939,645
87$124,648,280$33,696,561$22,572,408$108,502,044
88$137,293,865$35,279,152$23,260,043$119,018,887
89$151,227,140$36,937,132$23,968,556$130,586,658
90$166,579,383$38,674,125$24,698,577$143,311,644
91$183,495,257$40,493,935$25,450,756$157,310,934
92$202,134,181$42,400,545$26,225,764$172,713,518
93$222,671,830$44,398,135$27,024,290$189,661,502
94$245,301,799$46,491,086$27,847,046$208,311,439
95$270,237,424$48,683,990$28,694,764$228,835,806
96$297,713,801$50,981,665$29,568,198$251,424,620
97$327,990,000$53,389,159$30,468,124$276,287,232
98$361,351,518$55,911,766$31,395,345$303,654,289
99$398,112,967$58,555,036$32,350,683$333,779,912
100$438,621,047$61,324,790$33,334,988$366,944,079