Can I retire at age 62 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,007,101
2 years$523,273$513,528$504,083$494,925$486,043$472,374
3 years$345,384$335,596$326,175$317,104$308,366$295,041
4 years$256,456$246,699$237,372$228,455$219,929$207,052
5 years$203,114$193,415$184,210$175,476$167,186$154,795
6 years$167,564$157,938$148,869$140,329$132,289$120,397
7 years$142,181$132,636$123,711$115,372$107,586$96,198
8 years$123,152$113,693$104,917$96,783$89,253$78,368
9 years$108,360$98,991$90,365$82,438$75,164$64,777
10 years$96,533$87,255$78,782$71,062$64,044$54,147
11 years$86,863$77,678$69,359$61,845$55,080$45,664
12 years$78,810$69,720$61,554$54,247$47,731$38,786
13 years$72,002$63,006$54,994$47,892$41,622$33,136
14 years$66,171$57,271$49,413$42,513$36,486$28,445
15 years$61,122$52,318$44,613$37,914$32,125$24,516
16 years$56,709$48,001$40,448$33,948$28,392$21,202
17 years$52,819$44,207$36,806$30,502$25,174$18,387
18 years$49,365$40,849$33,599$27,488$22,384$15,985
19 years$46,278$37,859$30,759$24,838$19,951$13,926
20 years$43,503$35,180$28,229$22,496$17,821$12,154
21 years$40,996$32,769$25,965$20,416$15,948$10,623
22 years$38,720$30,589$23,931$18,563$14,295$9,298
23 years$36,645$28,609$22,096$16,906$12,832$8,147
24 years$34,745$26,805$20,435$15,419$11,534$7,146
25 years$33,000$25,155$18,927$14,082$10,378$6,274
26 years$31,392$23,642$17,554$12,875$9,349$5,512
27 years$29,906$22,249$16,300$11,785$8,428$4,846
28 years$28,528$20,966$15,153$10,798$7,605$4,262
29 years$27,248$19,779$14,101$9,902$6,867$3,751
30 years$26,055$18,679$13,135$9,087$6,205$3,303
31 years$24,942$17,658$12,245$8,346$5,610$2,909
32 years$23,900$16,708$11,425$7,670$5,075$2,564
33 years$22,923$15,822$10,668$7,053$4,592$2,260
34 years$22,006$14,996$9,967$6,490$4,158$1,992
35 years$21,143$14,224$9,319$5,974$3,766$1,757
36 years$20,329$13,500$8,717$5,502$3,412$1,550
37 years$19,562$12,822$8,159$5,069$3,093$1,367
38 years$18,837$12,186$7,641$4,673$2,804$1,206
39 years$18,150$11,587$7,159$4,308$2,543$1,064
40 years$17,500$11,024$6,710$3,974$2,306$939
41 years$16,882$10,494$6,292$3,666$2,092$829
42 years$16,296$9,994$5,902$3,384$1,898$732
43 years$15,739$9,523$5,538$3,123$1,723$646
44 years$15,208$9,077$5,198$2,884$1,564$571
45 years$14,703$8,656$4,881$2,663$1,420$504
46 years$14,220$8,257$4,584$2,460$1,289$445
47 years$13,760$7,880$4,307$2,273$1,171$393
48 years$13,320$7,522$4,047$2,100$1,063$347
49 years$12,900$7,184$3,804$1,941$965$306
50 years$12,497$6,862$3,577$1,794$877$271

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $12,800,000, adding $2,274 every year, while hoping to spend $20,510 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: 69/23/8 Blend
61$12,800,000$12,800,000$12,800,000$12,800,000
62$14,107,946$13,429,546$13,231,146$15,061,299
63$15,525,134$14,065,771$13,652,567$16,329,284
64$17,086,187$14,732,484$14,087,418$17,713,147
65$18,805,760$15,431,157$14,536,127$19,226,404
66$20,699,997$16,163,333$14,999,137$20,881,739
67$22,786,691$16,930,631$15,476,903$22,693,112
68$25,085,451$17,734,749$15,969,897$24,675,878
69$27,617,881$18,577,466$16,478,602$26,846,937
70$30,407,792$19,460,648$17,003,522$29,224,885
71$33,481,419$20,386,252$17,545,172$31,830,186
72$36,867,674$21,356,330$18,104,087$34,685,363
73$40,598,420$22,373,033$18,680,816$37,815,207
74$44,708,764$23,438,617$19,275,929$41,247,007
75$49,237,396$24,555,447$19,890,010$45,010,800
76$54,226,951$25,726,005$20,523,667$49,139,653
77$59,724,412$26,952,891$21,177,522$53,669,971
78$65,781,553$28,238,834$21,852,220$58,641,833
79$72,455,428$29,586,693$22,548,425$64,099,366
80$79,808,909$30,999,468$23,266,825$70,091,159
81$87,911,280$32,480,305$24,008,126$76,670,711
82$96,838,892$34,032,501$24,773,060$83,896,933
83$106,675,882$35,659,516$25,562,379$91,834,698
84$117,514,966$37,364,976$26,376,863$100,555,446
85$129,458,318$39,152,686$27,217,314$110,137,852
86$142,618,531$41,026,633$28,084,559$120,668,562
87$157,119,684$42,991,000$28,979,454$132,242,999
88$173,098,508$45,050,175$29,902,882$144,966,265
89$190,705,679$47,208,757$30,855,751$158,954,116
90$210,107,241$49,471,569$31,839,003$174,334,050
91$231,486,175$51,843,671$32,853,604$191,246,502
92$255,044,122$54,330,368$33,900,557$209,846,159
93$281,003,290$56,937,224$34,980,893$230,303,412
94$309,608,550$59,670,072$36,095,678$252,805,951
95$341,129,749$62,535,032$37,246,009$277,560,530
96$375,864,255$65,538,521$38,433,023$304,794,905
97$414,139,768$68,687,267$39,657,888$334,759,971
98$456,317,410$71,988,329$40,921,813$367,732,121
99$502,795,137$75,449,108$42,226,045$404,015,842
100$554,011,492$79,077,366$43,571,868$443,946,574