Can I retire at age 62 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$875,338$867,541$859,934$852,509$845,259$830,231
2 years$433,336$425,265$417,444$409,860$402,504$387,415
3 years$286,021$277,916$270,114$262,601$255,365$240,685
4 years$212,378$204,297$196,574$189,189$182,129$167,971
5 years$168,204$160,172$152,549$145,316$138,451$124,856
6 years$138,764$130,792$123,282$116,210$109,552$96,534
7 years$117,743$109,839$102,448$95,543$89,095$76,658
8 years$101,985$94,152$86,884$80,148$73,913$62,055
9 years$89,736$81,977$74,833$68,269$62,245$50,959
10 years$79,942$72,258$65,241$58,848$53,036$42,311
11 years$71,933$64,327$57,438$51,216$45,613$35,438
12 years$65,265$57,737$50,974$44,923$39,527$29,888
13 years$59,627$52,177$45,542$39,660$34,468$25,350
14 years$54,798$47,428$40,920$35,206$30,215$21,602
15 years$50,617$43,326$36,945$31,398$26,603$18,478
16 years$46,962$39,751$33,496$28,113$23,512$15,858
17 years$43,741$36,609$30,480$25,259$20,848$13,646
18 years$40,880$33,828$27,824$22,764$18,537$11,769
19 years$38,324$31,352$25,472$20,569$16,522$10,171
20 years$36,026$29,134$23,377$18,629$14,758$8,804
21 years$33,950$27,137$21,502$16,907$13,207$7,632
22 years$32,065$25,331$19,818$15,373$11,838$6,624
23 years$30,346$23,692$18,298$14,000$10,626$5,755
24 years$28,773$22,198$16,923$12,769$9,551$5,004
25 years$27,328$20,831$15,674$11,661$8,595$4,355
26 years$25,997$19,578$14,537$10,662$7,742$3,793
27 years$24,766$18,425$13,499$9,760$6,980$3,305
28 years$23,625$17,362$12,549$8,942$6,298$2,882
29 years$22,565$16,379$11,678$8,200$5,687$2,514
30 years$21,577$15,468$10,877$7,525$5,139$2,193
31 years$20,655$14,623$10,141$6,912$4,646$1,914
32 years$19,792$13,836$9,461$6,352$4,202$1,672
33 years$18,983$13,103$8,834$5,841$3,803$1,460
34 years$18,223$12,419$8,254$5,374$3,443$1,275
35 years$17,509$11,779$7,717$4,947$3,119$1,114
36 years$16,835$11,180$7,219$4,556$2,826$974
37 years$16,200$10,618$6,757$4,198$2,561$851
38 years$15,599$10,091$6,328$3,869$2,322$744
39 years$15,031$9,596$5,928$3,568$2,106$650
40 years$14,492$9,130$5,556$3,291$1,910$569
41 years$13,981$8,690$5,210$3,036$1,733$497
42 years$13,495$8,277$4,887$2,802$1,572$435
43 years$13,034$7,886$4,586$2,587$1,427$380
44 years$12,594$7,517$4,305$2,388$1,295$332
45 years$12,176$7,168$4,042$2,206$1,176$291
46 years$11,776$6,838$3,796$2,037$1,068$254
47 years$11,395$6,526$3,567$1,882$969$222
48 years$11,031$6,230$3,352$1,739$880$195
49 years$10,683$5,949$3,150$1,607$800$170
50 years$10,349$5,683$2,962$1,486$726$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $10,600,000, adding $6,232 every year, while hoping to spend $27,807 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: 38/33/29 Blend
61$10,600,000$10,600,000$10,600,000$10,600,000
62$11,687,628$11,125,828$10,961,528$12,030,658
63$12,850,180$11,641,407$11,299,153$12,799,486
64$14,130,380$12,181,318$11,647,156$13,626,845
65$15,540,199$12,746,723$12,005,856$14,520,517
66$17,092,828$13,338,841$12,375,581$15,486,546
67$18,802,802$13,958,950$12,756,669$16,531,561
68$20,686,139$14,608,389$13,149,468$17,662,840
69$22,760,487$15,288,563$13,554,338$18,888,366
70$25,045,297$16,000,942$13,971,648$20,216,903
71$27,561,999$16,747,070$14,401,780$21,658,077
72$30,334,210$17,528,564$14,845,127$23,222,453
73$33,387,955$18,347,119$15,302,094$24,921,638
74$36,751,911$19,204,513$15,773,099$26,768,381
75$40,457,680$20,102,608$16,258,572$28,776,690
76$44,540,085$21,043,357$16,758,955$30,961,957
77$49,037,500$22,028,808$17,274,707$33,341,097
78$53,992,213$23,061,108$17,806,298$35,932,703
79$59,450,823$24,142,506$18,354,213$38,757,212
80$65,464,680$25,275,362$18,918,952$41,837,096
81$72,090,372$26,462,149$19,501,031$45,197,060
82$79,390,255$27,705,460$20,100,981$48,864,276
83$87,433,047$29,008,013$20,719,350$52,868,623
84$96,294,470$30,372,658$21,356,700$57,242,967
85$106,057,971$31,802,383$22,013,615$62,023,462
86$116,815,506$33,300,321$22,690,692$67,249,877
87$128,668,406$34,869,756$23,388,549$72,965,971
88$141,728,341$36,514,132$24,107,823$79,219,886
89$156,118,366$38,237,058$24,849,169$86,064,602
90$171,974,085$40,042,320$25,613,263$93,558,416
91$189,444,935$41,933,887$26,400,800$101,765,488
92$208,695,591$43,915,919$27,212,499$110,756,435
93$229,907,522$45,992,781$28,049,099$120,608,980
94$253,280,708$48,169,045$28,911,362$131,408,679
95$279,035,521$50,449,509$29,800,073$143,249,710
96$307,414,810$52,839,201$30,716,042$156,235,753
97$338,686,194$55,343,395$31,660,102$170,480,951
98$373,144,583$57,967,619$32,633,114$186,110,973
99$411,114,969$60,717,671$33,635,961$203,264,184
100$452,955,487$63,599,628$34,669,558$222,092,935