Can I retire at age 62 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$933,143$924,831$916,722$908,807$901,078$869,799
2 years$461,952$453,349$445,011$436,926$429,085$397,895
3 years$304,909$296,268$287,951$279,943$272,229$242,109
4 years$226,403$217,789$209,555$201,683$194,156$165,335
5 years$179,311$170,749$162,623$154,912$147,594$120,149
6 years$147,927$139,429$131,424$123,884$116,786$90,738
7 years$125,519$117,093$109,214$101,852$94,979$70,322
8 years$108,720$100,370$92,622$85,441$78,794$55,509
9 years$95,662$87,390$79,775$72,777$66,356$44,414
10 years$85,221$77,030$69,550$62,734$56,538$35,903
11 years$76,684$68,575$61,231$54,598$48,625$29,254
12 years$69,575$61,550$54,341$47,890$42,137$23,986
13 years$63,564$55,623$48,550$42,279$36,745$19,765
14 years$58,417$50,560$43,622$37,531$32,210$16,352
15 years$53,959$46,187$39,385$33,471$28,360$13,572
16 years$50,063$42,376$35,708$29,970$25,065$11,295
17 years$46,629$39,027$32,493$26,927$22,224$9,420
18 years$43,580$36,062$29,662$24,267$19,761$7,871
19 years$40,855$33,422$27,154$21,927$17,613$6,586
20 years$38,405$31,057$24,921$19,859$15,732$5,518
21 years$36,192$28,929$22,922$18,024$14,079$4,628
22 years$34,182$27,004$21,126$16,388$12,620$3,885
23 years$32,350$25,256$19,506$14,925$11,328$3,263
24 years$30,673$23,664$18,040$13,612$10,182$2,743
25 years$29,133$22,207$16,709$12,431$9,162$2,307
26 years$27,714$20,871$15,497$11,367$8,253$1,940
27 years$26,402$19,642$14,390$10,404$7,441$1,633
28 years$25,185$18,509$13,377$9,532$6,714$1,375
29 years$24,055$17,461$12,449$8,741$6,063$1,158
30 years$23,002$16,490$11,596$8,022$5,478$975
31 years$22,019$15,588$10,810$7,368$4,953$821
32 years$21,099$14,750$10,086$6,771$4,480$692
33 years$20,237$13,968$9,417$6,227$4,054$583
34 years$19,427$13,239$8,799$5,729$3,671$491
35 years$18,665$12,557$8,227$5,274$3,325$414
36 years$17,947$11,918$7,696$4,857$3,012$349
37 years$17,269$11,320$7,203$4,475$2,730$294
38 years$16,629$10,758$6,745$4,125$2,475$248
39 years$16,023$10,229$6,320$3,803$2,245$209
40 years$15,449$9,732$5,923$3,508$2,036$176
41 years$14,904$9,264$5,554$3,237$1,847$149
42 years$14,387$8,823$5,210$2,987$1,676$125
43 years$13,894$8,407$4,889$2,757$1,521$106
44 years$13,426$8,013$4,589$2,546$1,381$89
45 years$12,980$7,641$4,309$2,351$1,253$75
46 years$12,554$7,290$4,047$2,172$1,138$63
47 years$12,148$6,956$3,802$2,007$1,033$53
48 years$11,759$6,641$3,573$1,854$938$45
49 years$11,388$6,342$3,358$1,714$852$38
50 years$11,033$6,058$3,157$1,584$774$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,300,000, adding $5,028 every year, while hoping to spend $24,055 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: 68/6/26 Blend
61$11,300,000$11,300,000$11,300,000$11,300,000
62$12,457,786$11,858,886$11,683,736$13,220,882
63$13,702,886$12,414,377$12,049,547$14,289,663
64$15,074,180$12,996,281$12,426,806$15,455,319
65$16,584,514$13,605,867$12,815,872$16,730,084
66$18,248,045$14,244,465$13,217,114$18,124,748
67$20,080,371$14,913,468$13,630,913$19,651,190
68$22,098,681$15,614,341$14,057,661$21,322,489
69$24,321,917$16,348,615$14,497,763$23,153,045
70$26,770,953$17,117,897$14,951,638$25,158,712
71$29,468,788$17,923,872$15,419,716$27,356,949
72$32,440,769$18,768,306$15,902,442$29,766,978
73$35,714,827$19,653,053$16,400,273$32,409,971
74$39,321,739$20,580,052$16,913,682$35,309,239
75$43,295,422$21,551,340$17,443,156$38,490,458
76$47,673,251$22,569,052$17,989,197$41,981,904
77$52,496,412$23,635,425$18,552,325$45,814,721
78$57,810,291$24,752,806$19,133,073$50,023,211
79$63,664,902$25,923,654$19,731,992$54,645,155
80$70,115,359$27,150,550$20,349,650$59,722,169
81$77,222,397$28,436,198$20,986,635$65,300,092
82$85,052,943$29,783,434$21,643,549$71,429,418
83$93,680,752$31,195,230$22,321,016$78,165,772
84$103,187,098$32,674,706$23,019,680$85,570,425
85$113,661,545$34,225,130$23,740,202$93,710,877
86$125,202,791$35,849,929$24,483,267$102,661,488
87$137,919,598$37,552,699$25,249,579$112,504,176
88$151,931,823$39,337,207$26,039,866$123,329,189
89$167,371,544$41,207,405$26,854,876$135,235,952
90$184,384,311$43,167,437$27,695,384$148,334,002
91$203,130,517$45,221,648$28,562,186$162,744,021
92$223,786,915$47,374,594$29,456,104$178,598,966
93$246,548,284$49,631,053$30,377,988$196,045,327
94$271,629,268$51,996,034$31,328,709$215,244,499
95$299,266,404$54,474,790$32,309,172$236,374,307
96$329,720,353$57,072,830$33,320,305$259,630,677
97$363,278,361$59,795,931$34,363,067$285,229,480
98$400,256,972$62,650,149$35,438,448$313,408,569
99$441,005,014$65,641,838$36,547,466$344,430,017
100$485,906,894$68,777,656$37,691,175$378,582,583