Can I retire at age 62 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$999,207$990,306$981,623$973,147$964,871$938,122
2 years$494,657$485,444$476,516$467,859$459,462$432,713
3 years$326,495$317,243$308,337$299,762$291,502$265,590
4 years$242,431$233,207$224,391$215,962$207,902$183,026
5 years$192,006$182,837$174,136$165,879$158,043$134,272
6 years$158,400$149,300$140,728$132,655$125,054$102,409
7 years$134,405$125,382$116,946$109,063$101,703$80,185
8 years$116,417$107,476$99,179$91,490$84,372$63,970
9 years$102,434$93,577$85,423$77,929$71,054$51,748
10 years$91,254$82,484$74,474$67,176$60,541$42,307
11 years$82,113$73,430$65,565$58,463$52,067$34,875
12 years$74,500$65,907$58,188$51,280$45,121$28,938
13 years$68,064$59,561$51,987$45,273$39,346$24,138
14 years$62,552$54,139$46,710$40,188$34,490$20,221
15 years$57,780$49,457$42,173$35,841$30,368$16,998
16 years$53,608$45,376$38,236$32,091$26,839$14,331
17 years$49,930$41,789$34,793$28,834$23,798$12,111
18 years$46,665$38,615$31,762$25,985$21,160$10,256
19 years$43,747$35,788$29,077$23,480$18,860$8,699
20 years$41,124$33,256$26,685$21,265$16,846$7,389
21 years$38,754$30,977$24,545$19,300$15,076$6,284
22 years$36,602$28,916$22,622$17,548$13,513$5,350
23 years$34,641$27,044$20,887$15,981$12,130$4,558
24 years$32,845$25,339$19,317$14,576$10,903$3,886
25 years$31,196$23,779$17,892$13,311$9,811$3,315
26 years$29,676$22,349$16,594$12,171$8,837$2,830
27 years$28,271$21,033$15,409$11,141$7,968$2,417
28 years$26,968$19,819$14,324$10,207$7,189$2,065
29 years$25,758$18,697$13,330$9,360$6,492$1,764
30 years$24,630$17,657$12,416$8,590$5,866$1,508
31 years$23,578$16,692$11,576$7,890$5,303$1,289
32 years$22,593$15,794$10,800$7,251$4,797$1,103
33 years$21,669$14,957$10,084$6,668$4,341$943
34 years$20,802$14,176$9,422$6,135$3,931$807
35 years$19,986$13,446$8,809$5,647$3,560$690
36 years$19,218$12,762$8,241$5,201$3,226$591
37 years$18,492$12,121$7,713$4,792$2,924$505
38 years$17,806$11,519$7,223$4,417$2,650$432
39 years$17,158$10,954$6,767$4,073$2,403$370
40 years$16,543$10,421$6,343$3,757$2,180$317
41 years$15,959$9,920$5,948$3,466$1,978$271
42 years$15,405$9,448$5,579$3,199$1,795$232
43 years$14,878$9,002$5,235$2,953$1,629$199
44 years$14,377$8,581$4,914$2,726$1,478$170
45 years$13,899$8,182$4,614$2,518$1,342$146
46 years$13,443$7,806$4,334$2,326$1,219$125
47 years$13,008$7,449$4,071$2,149$1,107$107
48 years$12,592$7,111$3,826$1,985$1,005$91
49 years$12,194$6,791$3,596$1,835$913$78
50 years$11,814$6,487$3,381$1,696$829$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,100,000, adding $4,810 every year, while hoping to spend $29,859 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: 27/46/27 Blend
61$12,100,000$12,100,000$12,100,000$12,100,000
62$13,339,162$12,697,862$12,510,312$13,586,807
63$14,667,986$13,288,287$12,897,637$14,377,342
64$16,131,350$13,906,643$13,296,938$15,222,615
65$17,742,945$14,554,265$13,708,582$16,129,561
66$19,517,858$15,232,557$14,132,952$17,103,453
67$21,472,714$15,942,986$14,570,440$18,150,055
68$23,625,832$16,687,094$15,021,451$19,275,674
69$25,997,399$17,466,494$15,486,402$20,487,214
70$28,609,661$18,282,879$15,965,724$21,792,228
71$31,487,130$19,138,024$16,459,859$23,198,992
72$34,656,819$20,033,788$16,969,266$24,716,566
73$38,148,493$20,972,122$17,494,415$26,354,881
74$41,994,953$21,955,070$18,035,791$28,124,817
75$46,232,344$22,984,774$18,593,896$30,038,304
76$50,900,497$24,063,482$19,169,246$32,108,420
77$56,043,304$25,193,549$19,762,372$34,349,511
78$61,709,132$26,377,445$20,373,823$36,777,312
79$67,951,282$27,617,757$21,004,164$39,409,089
80$74,828,487$28,917,202$21,653,977$42,263,791
81$82,405,471$30,278,623$22,323,864$45,362,216
82$90,753,559$31,705,005$23,014,443$48,727,199
83$99,951,347$33,199,476$23,726,353$52,383,812
84$110,085,450$34,765,316$24,460,251$56,359,594
85$121,251,311$36,405,962$25,216,814$60,684,790
86$133,554,110$38,125,019$25,996,743$65,392,631
87$147,109,753$39,926,268$26,800,757$70,519,629
88$162,045,964$41,813,672$27,629,599$76,105,906
89$178,503,496$43,791,386$28,484,035$82,195,560
90$196,637,455$45,863,766$29,364,852$88,837,065
91$216,618,765$48,035,380$30,272,865$96,083,708
92$238,635,785$50,311,019$31,208,911$103,994,079
93$262,896,080$52,695,705$32,173,855$112,632,601
94$289,628,388$55,194,702$33,168,587$122,070,123
95$319,084,774$57,813,533$34,194,025$132,384,565
96$351,543,012$60,557,987$35,251,115$143,661,633
97$387,309,205$63,434,134$36,340,834$155,995,607
98$426,720,676$66,448,339$37,464,185$169,490,207
99$470,149,155$69,607,278$38,622,205$184,259,546
100$518,004,283$72,917,948$39,815,962$200,429,184