Can I retire at age 62 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$990,949$982,122$973,510$965,105$956,897$919,657
2 years$490,569$481,432$472,578$463,993$455,665$418,597
3 years$323,797$314,621$305,789$297,285$289,093$253,362
4 years$240,428$231,280$222,536$214,177$206,183$172,063
5 years$190,419$181,326$172,697$164,508$156,737$124,315
6 years$157,091$148,067$139,565$131,559$124,021$93,317
7 years$133,294$124,346$115,979$108,162$100,862$71,867
8 years$115,455$106,588$98,360$90,734$83,675$56,360
9 years$101,588$92,804$84,717$77,285$70,466$44,791
10 years$90,500$81,802$73,858$66,621$60,041$35,956
11 years$81,434$72,823$65,024$57,980$51,637$29,089
12 years$73,885$65,362$57,707$50,856$44,748$23,676
13 years$67,502$59,068$51,557$44,898$39,021$19,363
14 years$62,035$53,692$46,324$39,856$34,205$15,896
15 years$57,302$49,048$41,825$35,544$30,117$13,091
16 years$53,165$45,001$37,920$31,826$26,618$10,808
17 years$49,518$41,444$34,506$28,595$23,601$8,942
18 years$46,279$38,296$31,499$25,770$20,985$7,410
19 years$43,385$35,493$28,836$23,286$18,704$6,149
20 years$40,784$32,981$26,464$21,090$16,707$5,108
21 years$38,434$30,721$24,342$19,140$14,951$4,248
22 years$36,300$28,677$22,435$17,403$13,401$3,535
23 years$34,354$26,821$20,715$15,849$12,030$2,944
24 years$32,574$25,129$19,158$14,455$10,813$2,453
25 years$30,938$23,583$17,744$13,201$9,730$2,045
26 years$29,430$22,164$16,457$12,071$8,764$1,705
27 years$28,037$20,859$15,281$11,049$7,902$1,422
28 years$26,745$19,655$14,206$10,123$7,130$1,187
29 years$25,545$18,542$13,220$9,283$6,438$990
30 years$24,427$17,511$12,314$8,519$5,817$827
31 years$23,383$16,554$11,480$7,824$5,259$690
32 years$22,406$15,663$10,711$7,191$4,757$576
33 years$21,490$14,834$10,001$6,613$4,305$481
34 years$20,630$14,059$9,344$6,084$3,898$402
35 years$19,821$13,335$8,736$5,601$3,531$335
36 years$19,059$12,656$8,172$5,158$3,199$280
37 years$18,339$12,021$7,649$4,753$2,899$234
38 years$17,659$11,424$7,163$4,381$2,629$195
39 years$17,016$10,863$6,711$4,039$2,384$163
40 years$16,406$10,335$6,290$3,725$2,162$136
41 years$15,827$9,838$5,898$3,437$1,961$114
42 years$15,278$9,370$5,533$3,172$1,780$95
43 years$14,755$8,927$5,192$2,928$1,615$79
44 years$14,258$8,510$4,873$2,704$1,466$66
45 years$13,784$8,115$4,576$2,497$1,331$55
46 years$13,332$7,741$4,298$2,307$1,209$46
47 years$12,900$7,387$4,038$2,131$1,097$39
48 years$12,488$7,052$3,794$1,969$997$32
49 years$12,094$6,735$3,567$1,820$905$27
50 years$11,716$6,433$3,353$1,682$822$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,000,000, adding $3,398 every year, while hoping to spend $36,213 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: 43/36/21 Blend
61$12,000,000$12,000,000$12,000,000$12,000,000
62$13,227,505$12,591,505$12,405,505$13,715,230
63$14,538,180$13,169,958$12,782,559$14,639,469
64$15,981,331$13,775,542$13,171,031$15,636,408
65$17,570,430$14,409,548$13,571,264$16,715,795
66$19,320,327$15,073,328$13,983,614$17,885,254
67$21,247,381$15,768,302$14,408,446$19,153,152
68$23,369,620$16,495,955$14,846,135$20,528,675
69$25,706,911$17,257,847$15,297,070$22,021,910
70$28,281,143$18,055,608$15,761,649$23,643,933
71$31,116,439$18,890,952$16,240,284$25,406,909
72$34,239,379$19,765,673$16,733,397$27,324,205
73$37,679,255$20,681,650$17,241,426$29,410,504
74$41,468,344$21,640,856$17,764,818$31,681,944
75$45,642,212$22,645,355$18,304,036$34,156,258
76$50,240,054$23,697,313$18,859,558$36,852,941
77$55,305,059$24,799,001$19,431,873$39,793,423
78$60,884,821$25,952,799$20,021,487$43,001,265
79$67,031,787$27,161,199$20,628,920$46,502,373
80$73,803,749$28,426,818$21,254,709$50,325,238
81$81,264,395$29,752,396$21,899,405$54,501,193
82$89,483,906$31,140,806$22,563,578$59,064,704
83$98,539,619$32,595,060$23,247,813$64,053,682
84$108,516,758$34,118,316$23,952,712$69,509,834
85$119,509,238$35,713,884$24,678,898$75,479,047
86$131,620,549$37,385,233$25,427,010$82,011,812
87$144,964,736$39,136,001$26,197,707$89,163,687
88$159,667,476$40,970,002$26,991,667$96,995,812
89$175,867,260$42,891,233$27,809,589$105,575,474
90$193,716,704$44,903,887$28,652,193$114,976,731
91$213,383,987$47,012,357$29,520,221$125,281,097
92$235,054,441$49,221,249$30,414,435$136,578,298
93$258,932,297$51,535,393$31,335,622$148,967,107
94$285,242,617$53,959,853$32,284,591$162,556,258
95$314,233,415$56,499,938$33,262,177$177,465,463
96$346,178,001$59,161,212$34,269,237$193,826,520
97$381,377,556$61,949,511$35,306,655$211,784,542
98$420,163,983$64,870,952$36,375,344$231,499,313
99$462,903,031$67,931,951$37,476,240$253,146,773
100$509,997,755$71,139,232$38,610,309$276,920,663