Can I retire at age 62 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$941,401$933,016$924,835$916,849$909,052$875,406
2 years$466,040$457,361$448,949$440,793$432,882$399,364
3 years$307,607$298,890$290,500$282,420$274,638$242,302
4 years$228,406$219,716$211,409$203,468$195,874$164,968
5 years$180,898$172,260$164,062$156,283$148,900$119,503
6 years$149,236$140,663$132,587$124,981$117,820$89,953
7 years$126,630$118,129$110,180$102,754$95,819$69,475
8 years$109,682$101,258$93,442$86,197$79,491$54,646
9 years$96,508$88,163$80,481$73,421$66,943$43,562
10 years$85,975$77,712$70,165$63,290$57,039$35,081
11 years$77,362$69,182$61,772$55,081$49,055$28,473
12 years$70,191$62,094$54,821$48,313$42,510$23,252
13 years$64,127$56,115$48,979$42,653$37,070$19,082
14 years$58,934$51,007$44,008$37,863$32,495$15,721
15 years$54,437$46,596$39,733$33,767$28,611$12,993
16 years$50,506$42,751$36,024$30,235$25,287$10,766
17 years$47,042$39,372$32,781$27,166$22,421$8,940
18 years$43,965$36,381$29,924$24,482$19,936$7,436
19 years$41,216$33,718$27,394$22,121$17,769$6,194
20 years$38,745$31,332$25,141$20,035$15,872$5,166
21 years$36,512$29,185$23,125$18,183$14,203$4,312
22 years$34,485$27,243$21,313$16,533$12,731$3,603
23 years$32,637$25,480$19,679$15,057$11,428$3,012
24 years$30,945$23,873$18,200$13,733$10,272$2,520
25 years$29,391$22,404$16,857$12,541$9,243$2,109
26 years$27,959$21,056$15,634$11,467$8,326$1,765
27 years$26,635$19,816$14,517$10,496$7,507$1,479
28 years$25,408$18,672$13,496$9,617$6,773$1,239
29 years$24,268$17,615$12,559$8,819$6,116$1,038
30 years$23,205$16,636$11,698$8,093$5,526$870
31 years$22,214$15,726$10,906$7,433$4,996$729
32 years$21,286$14,880$10,175$6,831$4,520$611
33 years$20,416$14,092$9,501$6,282$4,090$513
34 years$19,599$13,356$8,877$5,780$3,703$430
35 years$18,830$12,668$8,299$5,321$3,354$360
36 years$18,106$12,024$7,764$4,900$3,039$302
37 years$17,422$11,420$7,267$4,515$2,754$253
38 years$16,776$10,853$6,805$4,162$2,497$213
39 years$16,165$10,320$6,376$3,837$2,264$178
40 years$15,586$9,819$5,976$3,539$2,054$150
41 years$15,036$9,346$5,603$3,265$1,863$125
42 years$14,514$8,901$5,256$3,014$1,691$105
43 years$14,017$8,481$4,932$2,782$1,535$88
44 years$13,545$8,084$4,630$2,569$1,393$74
45 years$13,095$7,709$4,347$2,372$1,264$62
46 years$12,665$7,354$4,083$2,191$1,148$52
47 years$12,255$7,018$3,836$2,024$1,043$44
48 years$11,863$6,700$3,605$1,871$947$37
49 years$11,489$6,398$3,388$1,729$860$31
50 years$11,130$6,111$3,185$1,598$781$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,400,000, adding $5,246 every year, while hoping to spend $29,822 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: 54/39/7 Blend
61$11,400,000$11,400,000$11,400,000$11,400,000
62$12,568,211$11,964,011$11,787,311$13,226,027
63$13,818,438$12,518,517$12,150,456$14,225,980
64$15,195,189$13,099,195$12,524,766$15,309,974
65$16,711,338$13,707,295$12,910,585$16,488,974
66$18,381,070$14,344,128$13,308,265$17,771,985
67$20,220,018$15,011,069$13,718,171$19,168,897
68$22,245,407$15,709,558$14,140,677$20,690,577
69$24,476,218$16,441,106$14,576,169$22,348,967
70$26,933,368$17,207,297$15,025,047$24,157,190
71$29,639,906$18,009,789$15,487,720$26,129,671
72$32,621,230$18,850,321$15,964,612$28,282,267
73$35,905,327$19,730,719$16,456,159$30,632,409
74$39,523,040$20,652,893$16,962,809$33,199,266
75$43,508,353$21,618,848$17,485,026$36,003,915
76$47,898,718$22,630,685$18,023,288$39,069,537
77$52,735,404$23,690,605$18,578,085$42,421,628
78$58,063,889$24,800,919$19,149,925$46,088,232
79$63,934,289$25,964,047$19,739,330$50,100,198
80$70,401,827$27,182,526$20,346,838$54,491,469
81$77,527,361$28,459,017$20,973,005$59,299,386
82$85,377,952$29,796,310$21,618,401$64,565,041
83$94,027,502$31,197,328$22,283,617$70,333,649
84$103,557,448$32,665,137$22,969,258$76,654,969
85$114,057,531$34,202,952$23,675,952$83,583,767
86$125,626,645$35,814,143$24,404,342$91,180,316
87$138,373,769$37,502,242$25,155,093$99,510,962
88$152,418,995$39,270,954$25,928,891$108,648,734
89$167,894,664$41,124,162$26,726,441$118,674,027
90$184,946,613$43,065,940$27,548,470$129,675,342
91$203,735,552$45,100,555$28,395,727$141,750,116
92$224,438,580$47,232,484$29,268,986$155,005,626
93$247,250,861$49,466,421$30,169,043$169,559,987
94$272,387,459$51,807,286$31,096,716$185,543,252
95$300,085,377$54,260,240$32,052,853$203,098,628
96$330,605,785$56,830,692$33,038,324$222,383,811
97$364,236,494$59,524,314$34,054,026$243,572,455
98$401,294,666$62,347,056$35,100,886$266,855,798
99$442,129,812$65,305,151$36,179,856$292,444,448
100$487,127,091$68,405,141$37,291,918$320,570,351