Can I retire at age 62 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,023,260
2 years$531,449$521,552$511,959$502,659$493,637$480,178
3 years$350,780$340,840$331,272$322,058$313,184$300,062
4 years$260,463$250,553$241,081$232,025$223,365$210,682
5 years$206,287$196,437$187,089$178,217$169,799$157,591
6 years$170,182$160,405$151,195$142,522$134,356$122,638
7 years$144,402$134,708$125,644$117,175$109,267$98,044
8 years$125,077$115,470$106,556$98,295$90,648$79,917
9 years$110,053$100,537$91,777$83,726$76,339$66,096
10 years$98,042$88,619$80,013$72,172$65,044$55,283
11 years$88,220$78,892$70,442$62,812$55,940$46,652
12 years$80,042$70,809$62,516$55,094$48,477$39,650
13 years$73,127$63,991$55,854$48,640$42,273$33,896
14 years$67,205$58,166$50,185$43,177$37,056$29,117
15 years$62,077$53,136$45,310$38,506$32,627$25,113
16 years$57,595$48,751$41,080$34,478$28,836$21,732
17 years$53,644$44,898$37,381$30,978$25,568$18,861
18 years$50,136$41,488$34,124$27,918$22,734$16,409
19 years$47,001$38,450$31,239$25,226$20,263$14,306
20 years$44,183$35,730$28,670$22,847$18,099$12,494
21 years$41,637$33,281$26,371$20,735$16,197$10,929
22 years$39,325$31,067$24,305$18,853$14,518$9,573
23 years$37,217$29,056$22,441$17,170$13,032$8,395
24 years$35,288$27,224$20,754$15,660$11,714$7,369
25 years$33,516$25,548$19,223$14,302$10,541$6,474
26 years$31,883$24,011$17,828$13,077$9,495$5,692
27 years$30,373$22,597$16,555$11,969$8,560$5,008
28 years$28,974$21,293$15,390$10,966$7,724$4,409
29 years$27,674$20,088$14,322$10,056$6,975$3,884
30 years$26,462$18,971$13,340$9,229$6,302$3,422
31 years$25,331$17,934$12,436$8,476$5,698$3,017
32 years$24,273$16,969$11,603$7,790$5,154$2,661
33 years$23,281$16,070$10,834$7,164$4,664$2,347
34 years$22,349$15,230$10,123$6,591$4,223$2,071
35 years$21,473$14,446$9,464$6,067$3,825$1,828
36 years$20,647$13,711$8,853$5,588$3,466$1,614
37 years$19,868$13,022$8,287$5,149$3,141$1,425
38 years$19,131$12,376$7,760$4,746$2,848$1,258
39 years$18,434$11,768$7,270$4,376$2,582$1,111
40 years$17,773$11,197$6,815$4,036$2,342$982
41 years$17,146$10,658$6,390$3,724$2,125$867
42 years$16,551$10,150$5,994$3,436$1,928$766
43 years$15,985$9,671$5,624$3,172$1,750$677
44 years$15,446$9,219$5,280$2,929$1,588$598
45 years$14,932$8,791$4,957$2,705$1,442$529
46 years$14,443$8,386$4,656$2,499$1,309$467
47 years$13,975$8,003$4,374$2,309$1,189$413
48 years$13,528$7,640$4,111$2,133$1,080$365
49 years$13,101$7,296$3,864$1,971$981$323
50 years$12,693$6,969$3,632$1,822$891$285

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,000,000, adding $3,783 every year, while hoping to spend $41,065 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: 59/15/26 Blend
61$13,000,000$13,000,000$13,000,000$13,000,000
62$14,329,902$13,640,902$13,439,402$15,074,416
63$15,747,859$14,265,614$13,845,929$16,207,508
64$17,309,072$14,919,559$14,264,699$17,438,108
65$19,028,108$15,604,129$14,696,077$18,779,532
66$20,921,022$16,320,778$15,140,443$20,242,549
67$23,005,503$17,071,032$15,598,184$21,839,004
68$25,301,042$17,856,491$16,069,701$23,581,930
69$27,829,119$18,678,830$16,555,407$25,485,666
70$30,613,402$19,539,806$17,055,726$27,565,993
71$33,679,973$20,441,259$17,571,096$29,840,275
72$37,057,569$21,385,120$18,101,967$32,327,622
73$40,777,861$22,373,411$18,648,803$35,049,068
74$44,875,745$23,408,251$19,212,080$38,027,764
75$49,389,679$24,491,862$19,792,292$41,289,196
76$54,362,036$25,626,574$20,389,944$44,861,417
77$59,839,514$26,814,826$21,005,558$48,775,314
78$65,873,570$28,059,178$21,639,669$53,064,889
79$72,520,908$29,362,312$22,292,832$57,767,582
80$79,844,014$30,727,039$22,965,616$62,924,615
81$87,911,746$32,156,306$23,658,606$68,581,379
82$96,799,980$33,653,201$24,372,405$74,787,856
83$106,592,333$35,220,963$25,107,636$81,599,089
84$117,380,947$36,862,987$25,864,938$89,075,692
85$129,267,360$38,582,829$26,644,970$97,284,421
86$142,363,464$40,384,221$27,448,410$106,298,795
87$156,792,562$42,271,073$28,275,956$116,199,786
88$172,690,531$44,247,482$29,128,328$127,076,577
89$190,207,104$46,317,748$30,006,266$139,027,397
90$209,507,285$48,486,374$30,910,532$152,160,442
91$230,772,904$50,758,083$31,841,911$166,594,890
92$254,204,337$53,137,825$32,801,212$182,462,015
93$280,022,393$55,630,792$33,789,266$199,906,425
94$308,470,401$58,242,425$34,806,930$219,087,413
95$339,816,506$60,978,427$35,855,086$240,180,458
96$374,356,200$63,844,781$36,934,642$263,378,868
97$412,415,113$66,847,756$38,046,533$288,895,599
98$454,352,085$69,993,926$39,191,722$316,965,254
99$500,562,552$73,290,183$40,371,200$347,846,290
100$551,482,284$76,743,754$41,585,986$381,823,446