Can I retire at age 62 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$916,628$908,463$900,497$892,722$885,130$872,262
2 years$453,776$445,325$437,134$429,193$421,490$408,554
3 years$299,512$291,025$282,855$274,988$267,411$254,807
4 years$222,396$213,934$205,846$198,114$190,720$178,546
5 years$176,138$167,727$159,745$152,170$144,982$133,274
6 years$145,309$136,962$129,098$121,692$114,719$103,490
7 years$123,297$115,020$107,281$100,049$93,298$82,551
8 years$106,796$98,593$90,983$83,929$77,399$67,135
9 years$93,968$85,843$78,363$71,489$65,181$55,393
10 years$83,712$75,667$68,319$61,624$55,538$46,219
11 years$75,327$67,362$60,147$53,631$47,764$38,905
12 years$68,343$60,460$53,379$47,042$41,392$32,981
13 years$62,439$54,638$47,690$41,531$36,094$28,122
14 years$57,383$49,665$42,850$36,867$31,640$24,092
15 years$53,004$45,370$38,688$32,879$27,858$20,723
16 years$49,177$41,626$35,076$29,439$24,621$17,883
17 years$45,804$38,336$31,918$26,451$21,831$15,477
18 years$42,808$35,424$29,137$23,838$19,411$13,426
19 years$40,132$32,831$26,673$21,539$17,302$11,671
20 years$37,725$30,508$24,480$19,508$15,454$10,163
21 years$35,551$28,417$22,517$17,705$13,830$8,863
22 years$33,577$26,526$20,752$16,098$12,396$7,740
23 years$31,778$24,809$19,161$14,660$11,128$6,766
24 years$30,131$23,245$17,721$13,371$10,002$5,921
25 years$28,618$21,814$16,413$12,211$9,000$5,186
26 years$27,223$20,502$15,222$11,165$8,107$4,545
27 years$25,934$19,294$14,135$10,220$7,309$3,986
28 years$24,739$18,181$13,141$9,364$6,595$3,498
29 years$23,629$17,152$12,228$8,587$5,955$3,071
30 years$22,595$16,198$11,390$7,880$5,381$2,697
31 years$21,629$15,312$10,619$7,238$4,865$2,370
32 years$20,726$14,489$9,908$6,652$4,401$2,083
33 years$19,878$13,721$9,251$6,117$3,983$1,832
34 years$19,083$13,004$8,643$5,628$3,606$1,611
35 years$18,335$12,334$8,081$5,181$3,266$1,417
36 years$17,629$11,707$7,560$4,771$2,959$1,247
37 years$16,964$11,119$7,076$4,396$2,682$1,097
38 years$16,335$10,567$6,626$4,052$2,431$965
39 years$15,740$10,048$6,208$3,736$2,205$850
40 years$15,175$9,560$5,819$3,446$2,000$748
41 years$14,640$9,100$5,456$3,179$1,814$659
42 years$14,132$8,667$5,118$2,934$1,646$580
43 years$13,649$8,258$4,802$2,709$1,494$511
44 years$13,188$7,871$4,508$2,501$1,356$450
45 years$12,750$7,506$4,233$2,310$1,231$396
46 years$12,332$7,161$3,976$2,134$1,118$349
47 years$11,933$6,833$3,735$1,971$1,015$307
48 years$11,551$6,523$3,510$1,821$922$271
49 years$11,186$6,229$3,299$1,683$837$238
50 years$10,837$5,951$3,102$1,556$760$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,100,000, adding $5,034 every year, while hoping to spend $36,133 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: 48/38/14 Blend
61$11,100,000$11,100,000$11,100,000$11,100,000
62$12,237,393$11,649,093$11,477,043$12,776,890
63$13,447,161$12,181,453$11,823,078$13,682,241
64$14,779,116$12,738,688$12,179,495$14,660,574
65$16,245,680$13,321,978$12,546,603$15,722,046
66$17,860,545$13,932,561$12,924,720$16,874,439
67$19,638,798$14,571,733$13,314,175$18,126,296
68$21,597,061$15,240,854$13,715,306$19,487,003
69$23,753,653$15,941,348$14,128,460$20,966,866
70$26,128,759$16,674,707$14,553,997$22,577,210
71$28,744,621$17,442,496$14,992,284$24,330,477
72$31,625,749$18,246,355$15,443,702$26,240,340
73$34,799,150$19,088,002$15,908,642$28,321,828
74$38,294,588$19,969,238$16,387,505$30,591,459
75$42,144,856$20,891,951$16,880,707$33,067,394
76$46,386,095$21,858,121$17,388,675$35,769,599
77$51,058,128$22,869,820$17,911,847$38,720,029
78$56,204,839$23,929,223$18,450,675$41,942,831
79$61,874,586$25,038,608$19,005,626$45,464,559
80$68,120,658$26,200,364$19,577,179$49,314,422
81$75,001,778$27,416,994$20,165,827$53,524,552
82$82,582,655$28,691,123$20,772,078$58,130,297
83$90,934,599$30,025,501$21,396,456$63,170,550
84$100,136,189$31,423,012$22,039,498$68,688,104
85$110,274,019$32,886,678$22,701,760$74,730,047
86$121,443,511$34,419,667$23,383,811$81,348,201
87$133,749,821$36,025,302$24,086,240$88,599,598
88$147,308,824$37,707,064$24,809,650$96,547,007
89$162,248,216$39,468,602$25,554,666$105,259,518
90$178,708,714$41,313,743$26,321,927$114,813,184
91$196,845,385$43,246,499$27,112,094$125,291,724
92$216,829,110$45,271,073$27,925,845$136,787,302
93$238,848,199$47,391,875$28,763,880$149,401,383
94$263,110,163$49,613,525$29,626,918$163,245,681
95$289,843,681$51,940,869$30,515,701$178,443,195
96$319,300,751$54,378,985$31,430,991$195,129,358
97$351,759,071$56,933,200$32,373,573$213,453,298
98$387,524,664$59,609,094$33,344,255$233,579,230
99$426,934,762$62,412,522$34,343,870$255,687,991
100$470,360,991$65,349,618$35,373,273$279,978,726