Can I retire at age 62 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$949,659$941,200$932,947$924,892$917,026$888,383
2 years$470,128$461,373$452,887$444,660$436,679$408,077
3 years$310,306$301,512$293,048$284,898$277,047$249,383
4 years$230,410$221,643$213,264$205,253$197,592$171,078
5 years$182,485$173,771$165,501$157,654$150,207$124,913
6 years$150,546$141,897$133,750$126,077$118,853$94,803
7 years$127,741$119,165$111,147$103,655$96,660$73,851
8 years$110,645$102,146$94,261$86,953$80,188$58,606
9 years$97,355$88,937$81,187$74,065$67,530$47,150
10 years$86,729$78,393$70,781$63,845$57,539$38,331
11 years$78,041$69,789$62,314$55,564$49,486$31,415
12 years$70,806$62,639$55,302$48,737$42,883$25,912
13 years$64,689$56,607$49,409$43,028$37,395$21,483
14 years$59,451$51,454$44,394$38,195$32,780$17,885
15 years$54,914$47,005$40,082$34,063$28,862$14,940
16 years$50,949$43,126$36,340$30,500$25,509$12,514
17 years$47,454$39,717$33,068$27,404$22,618$10,507
18 years$44,351$36,701$30,187$24,697$20,111$8,838
19 years$41,578$34,014$27,635$22,315$17,925$7,446
20 years$39,085$31,607$25,362$20,211$16,011$6,281
21 years$36,832$29,441$23,328$18,343$14,328$5,305
22 years$34,787$27,482$21,500$16,678$12,843$4,484
23 years$32,923$25,703$19,852$15,189$11,529$3,794
24 years$31,216$24,082$18,359$13,853$10,362$3,212
25 years$29,649$22,600$17,005$12,651$9,324$2,720
26 years$28,204$21,240$15,771$11,568$8,399$2,305
27 years$26,869$19,990$14,645$10,588$7,572$1,954
28 years$25,631$18,836$13,614$9,701$6,833$1,657
29 years$24,481$17,770$12,669$8,896$6,170$1,406
30 years$23,409$16,782$11,801$8,164$5,575$1,193
31 years$22,408$15,864$11,002$7,498$5,040$1,012
32 years$21,472$15,011$10,265$6,891$4,559$859
33 years$20,595$14,215$9,584$6,337$4,126$729
34 years$19,771$13,473$8,955$5,831$3,736$619
35 years$18,995$12,779$8,372$5,367$3,384$526
36 years$18,265$12,129$7,832$4,943$3,066$447
37 years$17,575$11,520$7,331$4,555$2,779$379
38 years$16,923$10,948$6,865$4,198$2,519$322
39 years$16,307$10,410$6,432$3,871$2,284$274
40 years$15,722$9,905$6,028$3,570$2,072$232
41 years$15,168$9,428$5,653$3,294$1,880$197
42 years$14,641$8,979$5,302$3,040$1,706$168
43 years$14,140$8,555$4,976$2,806$1,548$142
44 years$13,664$8,155$4,670$2,591$1,405$121
45 years$13,209$7,777$4,385$2,393$1,276$103
46 years$12,776$7,419$4,119$2,210$1,158$87
47 years$12,363$7,080$3,870$2,042$1,052$74
48 years$11,967$6,758$3,636$1,887$955$63
49 years$11,590$6,454$3,418$1,744$867$54
50 years$11,228$6,165$3,213$1,612$788$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $11,500,000, adding $5,079 every year, while hoping to spend $57,713 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: 41/42/17 Blend
61$11,500,000$11,500,000$11,500,000$11,500,000
62$12,678,239$12,068,739$11,890,489$13,134,270
63$13,910,013$12,598,701$12,227,414$13,988,035
64$15,265,494$13,152,697$12,573,692$14,905,519
65$16,757,239$13,731,843$12,929,575$15,897,342
66$18,399,083$14,337,310$13,295,322$16,970,317
67$20,206,273$14,970,321$13,671,199$18,131,917
68$22,195,607$15,632,161$14,057,477$19,390,348
69$24,385,593$16,324,171$14,454,438$20,754,611
70$26,796,629$17,047,761$14,862,366$22,234,594
71$29,451,186$17,804,402$15,281,557$23,841,151
72$32,374,030$18,595,641$15,712,312$25,586,204
73$35,592,446$19,423,093$16,154,940$27,482,849
74$39,136,504$20,288,452$16,609,758$29,545,474
75$43,039,334$21,193,493$17,077,092$31,789,888
76$47,337,447$22,140,075$17,557,275$34,233,463
77$52,071,073$23,130,145$18,050,650$36,895,295
78$57,284,542$24,165,742$18,557,567$39,796,374
79$63,026,705$25,249,003$19,078,385$42,959,776
80$69,351,392$26,382,167$19,613,474$46,410,874
81$76,317,919$27,567,578$20,163,210$50,177,569
82$83,991,652$28,807,695$20,727,983$54,290,543
83$92,444,619$30,105,090$21,308,189$58,783,546
84$101,756,191$31,462,461$21,904,235$63,693,698
85$112,013,834$32,882,633$22,516,538$69,061,837
86$123,313,930$34,368,567$23,145,527$74,932,890
87$135,762,688$35,923,364$23,791,639$81,356,287
88$149,477,147$37,550,274$24,455,324$88,386,422
89$164,586,282$39,252,703$25,137,043$96,083,148
90$181,232,216$41,034,218$25,837,267$104,512,335
91$199,571,566$42,898,559$26,556,479$113,746,477
92$219,776,920$44,849,643$27,295,176$123,865,368
93$242,038,466$46,891,575$28,053,864$134,956,836
94$266,565,785$49,028,658$28,833,064$147,117,560
95$293,589,831$51,265,398$29,633,308$160,453,971
96$323,365,111$53,606,521$30,455,142$175,083,238
97$356,172,088$56,056,975$31,299,124$191,134,357
98$392,319,823$58,621,950$32,165,827$208,749,357
99$432,148,901$61,306,881$33,055,838$228,084,618
100$476,034,636$64,117,466$33,969,756$249,312,332