Can I retire at age 62 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$979,851
2 years$511,009$501,492$492,268$483,326$474,651$457,661
3 years$337,289$327,731$318,530$309,671$301,138$284,602
4 years$250,446$240,917$231,808$223,101$214,774$198,820
5 years$198,353$188,882$179,893$171,363$163,268$147,942
6 years$163,636$154,236$145,380$137,040$129,188$114,507
7 years$138,848$129,527$120,812$112,668$105,065$91,033
8 years$120,266$111,029$102,458$94,515$87,161$73,777
9 years$105,820$96,670$88,247$80,506$73,402$60,657
10 years$94,271$85,210$76,936$69,397$62,543$50,425
11 years$84,827$75,858$67,733$60,396$53,789$42,287
12 years$76,963$68,086$60,111$52,975$46,612$35,710
13 years$70,314$61,530$53,705$46,769$40,647$30,329
14 years$64,620$55,929$48,255$41,516$35,631$25,879
15 years$59,690$51,092$43,567$37,025$31,372$22,168
16 years$55,380$46,876$39,500$33,152$27,727$19,051
17 years$51,581$43,171$35,944$29,787$24,584$16,417
18 years$48,208$39,892$32,812$26,844$21,859$14,180
19 years$45,193$36,971$30,038$24,256$19,484$12,272
20 years$42,484$34,356$27,567$21,968$17,403$10,639
21 years$40,035$32,001$25,356$19,938$15,574$9,236
22 years$37,812$29,872$23,370$18,128$13,960$8,028
23 years$35,786$27,938$21,578$16,509$12,531$6,986
24 years$33,931$26,176$19,956$15,058$11,263$6,085
25 years$32,227$24,565$18,483$13,752$10,135$5,304
26 years$30,657$23,087$17,142$12,574$9,129$4,627
27 years$29,205$21,728$15,918$11,509$8,231$4,038
28 years$27,860$20,474$14,798$10,545$7,427$3,526
29 years$26,609$19,315$13,771$9,670$6,706$3,081
30 years$25,445$18,241$12,827$8,874$6,060$2,693
31 years$24,357$17,244$11,958$8,150$5,478$2,354
32 years$23,340$16,316$11,157$7,490$4,956$2,059
33 years$22,386$15,452$10,418$6,888$4,485$1,801
34 years$21,490$14,645$9,734$6,338$4,061$1,576
35 years$20,647$13,890$9,100$5,834$3,678$1,379
36 years$19,853$13,184$8,513$5,373$3,332$1,207
37 years$19,103$12,522$7,968$4,951$3,020$1,057
38 years$18,395$11,900$7,462$4,563$2,738$926
39 years$17,725$11,316$6,991$4,207$2,483$811
40 years$17,089$10,766$6,552$3,881$2,252$710
41 years$16,487$10,248$6,144$3,580$2,043$622
42 years$15,914$9,760$5,763$3,304$1,854$545
43 years$15,370$9,299$5,408$3,050$1,683$477
44 years$14,852$8,864$5,077$2,816$1,527$418
45 years$14,358$8,453$4,767$2,601$1,387$366
46 years$13,887$8,064$4,477$2,403$1,259$321
47 years$13,438$7,695$4,206$2,220$1,143$281
48 years$13,008$7,346$3,953$2,051$1,038$246
49 years$12,597$7,015$3,715$1,896$943$216
50 years$12,204$6,701$3,493$1,752$856$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,500,000, adding $2,342 every year, while hoping to spend $41,669 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: 49/27/24 Blend
61$12,500,000$12,500,000$12,500,000$12,500,000
62$13,777,416$13,114,916$12,921,166$14,358,860
63$15,138,377$13,713,211$13,309,689$15,362,908
64$16,636,759$14,339,426$13,709,832$16,448,718
65$18,286,536$14,994,886$14,121,939$17,627,532
66$20,103,104$15,680,977$14,546,365$18,908,144
67$22,103,429$16,399,153$14,983,477$20,300,220
68$24,306,207$17,150,939$15,433,651$21,814,378
69$26,732,037$17,937,932$15,897,275$23,462,291
70$29,403,619$18,761,805$16,374,749$25,256,790
71$32,345,968$19,624,313$16,866,482$27,211,981
72$35,586,646$20,527,294$17,372,899$29,343,372
73$39,156,027$21,472,675$17,894,434$31,668,020
74$43,087,581$22,462,475$18,431,537$34,204,680
75$47,418,189$23,498,811$18,984,668$36,973,982
76$52,188,492$24,583,901$19,554,303$39,998,617
77$57,443,277$25,720,071$20,140,930$43,303,549
78$63,231,894$26,909,757$20,745,054$46,916,241
79$69,608,725$28,155,513$21,367,192$50,866,912
80$76,633,700$29,460,018$22,007,877$55,188,812
81$84,372,856$30,826,077$22,667,660$59,918,532
82$92,898,965$32,256,633$23,347,104$65,096,340
83$102,292,220$33,754,769$24,046,792$70,766,556
84$112,640,990$35,323,716$24,767,324$76,977,963
85$124,042,656$36,966,863$25,509,314$83,784,258
86$136,604,528$38,687,761$26,273,398$91,244,548
87$150,444,862$40,490,133$27,060,228$99,423,905
88$165,693,970$42,377,881$27,870,478$108,393,969
89$182,495,454$44,355,097$28,704,838$118,233,613
90$201,007,562$46,426,068$29,564,022$129,029,677
91$221,404,678$48,595,290$30,448,761$140,877,781
92$243,878,972$50,867,476$31,359,812$153,883,216
93$268,642,212$53,247,567$32,297,949$168,161,923
94$295,927,760$55,740,740$33,263,973$183,841,580
95$325,992,782$58,352,427$34,258,707$201,062,792
96$359,120,668$61,088,318$35,282,996$219,980,407
97$395,623,712$63,954,382$36,337,712$240,764,965
98$435,846,058$66,956,873$37,423,753$263,604,290
99$480,166,948$70,102,352$38,542,041$288,705,253
100$529,004,303$73,397,694$39,693,526$316,295,706