Can I retire at age 62 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$644,117$638,379$632,782$627,318$621,983$604,984
2 years$318,870$312,931$307,176$301,595$296,182$279,181
3 years$210,468$204,504$198,763$193,235$187,910$171,438
4 years$156,278$150,332$144,648$139,215$134,019$118,202
5 years$123,772$117,862$112,253$106,930$101,879$86,762
6 years$102,109$96,243$90,717$85,513$80,614$66,209
7 years$86,641$80,825$75,386$70,305$65,560$51,870
8 years$75,046$69,282$63,934$58,977$54,389$41,406
9 years$66,032$60,322$55,066$50,235$45,803$33,515
10 years$58,825$53,171$48,008$43,303$39,027$27,417
11 years$52,932$47,335$42,265$37,687$33,564$22,616
12 years$48,025$42,486$37,509$33,057$29,086$18,778
13 years$43,876$38,395$33,512$29,184$25,364$15,674
14 years$40,323$34,900$30,111$25,906$22,234$13,139
15 years$37,246$31,881$27,186$23,104$19,576$11,053
16 years$34,557$29,251$24,648$20,687$17,301$9,325
17 years$32,186$26,939$22,429$18,587$15,341$7,887
18 years$30,082$24,893$20,475$16,751$13,640$6,684
19 years$28,201$23,070$18,744$15,136$12,158$5,673
20 years$26,510$21,438$17,202$13,708$10,860$4,823
21 years$24,982$19,969$15,822$12,441$9,718$4,105
22 years$23,595$18,640$14,583$11,312$8,711$3,497
23 years$22,330$17,434$13,465$10,302$7,819$2,982
24 years$21,173$16,334$12,453$9,396$7,028$2,544
25 years$20,110$15,329$11,534$8,581$6,324$2,172
26 years$19,130$14,407$10,697$7,846$5,697$1,856
27 years$18,224$13,558$9,933$7,182$5,136$1,586
28 years$17,384$12,776$9,234$6,580$4,634$1,356
29 years$16,604$12,053$8,593$6,034$4,185$1,160
30 years$15,877$11,382$8,004$5,538$3,781$992
31 years$15,199$10,760$7,462$5,086$3,419$849
32 years$14,564$10,181$6,962$4,674$3,092$727
33 years$13,969$9,642$6,501$4,298$2,799$622
34 years$13,410$9,138$6,074$3,955$2,534$533
35 years$12,884$8,667$5,678$3,640$2,295$456
36 years$12,388$8,227$5,312$3,353$2,079$390
37 years$11,921$7,813$4,972$3,089$1,885$334
38 years$11,479$7,426$4,656$2,847$1,709$286
39 years$11,060$7,061$4,362$2,625$1,549$245
40 years$10,664$6,718$4,089$2,422$1,405$210
41 years$10,288$6,395$3,834$2,234$1,275$180
42 years$9,931$6,090$3,596$2,062$1,157$154
43 years$9,591$5,803$3,375$1,903$1,050$132
44 years$9,268$5,531$3,168$1,757$953$113
45 years$8,959$5,275$2,974$1,623$865$97
46 years$8,666$5,032$2,794$1,499$786$83
47 years$8,385$4,802$2,625$1,385$713$71
48 years$8,117$4,584$2,466$1,280$648$61
49 years$7,861$4,377$2,318$1,183$588$52
50 years$7,616$4,182$2,179$1,093$534$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $7,800,000, adding $6,149 every year, while hoping to spend $58,910 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: 70/7/23 Blend
61$7,800,000$7,800,000$7,800,000$7,800,000
62$8,601,943$8,188,543$8,067,643$9,154,019
63$9,416,661$8,527,102$8,275,229$9,862,394
64$10,312,506$8,880,275$8,487,795$10,630,073
65$11,297,691$9,248,718$8,705,445$11,469,004
66$12,381,264$9,633,114$8,928,286$12,386,243
67$13,573,195$10,034,178$9,156,425$13,389,557
68$14,884,467$10,452,659$9,389,972$14,487,501
69$16,327,183$10,889,340$9,629,036$15,689,495
70$17,914,678$11,345,040$9,873,732$17,005,912
71$19,661,645$11,820,616$10,124,171$18,448,177
72$21,584,271$12,316,965$10,380,470$20,028,870
73$23,700,396$12,835,025$10,642,744$21,761,849
74$26,029,673$13,375,778$10,911,113$23,662,375
75$28,593,758$13,940,250$11,185,694$25,747,259
76$31,416,517$14,529,517$11,466,610$28,035,016
77$34,524,241$15,144,703$11,753,981$30,546,041
78$37,945,905$15,786,986$12,047,931$33,302,801
79$41,713,436$16,457,596$12,348,585$36,330,043
80$45,862,011$17,157,823$12,656,067$39,655,030
81$50,430,396$17,889,016$12,970,505$43,307,793
82$55,461,306$18,652,587$13,292,026$47,321,417
83$61,001,809$19,450,014$13,620,759$51,732,352
84$67,103,772$20,282,843$13,956,833$56,580,750
85$73,824,348$21,152,695$14,300,379$61,910,851
86$81,226,517$22,061,262$14,651,527$67,771,393
87$89,379,678$23,010,320$15,010,410$74,216,071
88$98,360,306$24,001,726$15,377,158$81,304,047
89$108,252,670$25,037,423$15,751,906$89,100,501
90$119,149,632$26,119,447$16,134,785$97,677,248
91$131,153,524$27,249,929$16,525,930$107,113,415
92$144,377,107$28,431,100$16,925,472$117,496,182
93$158,944,643$29,665,294$17,333,546$128,921,608
94$174,993,061$30,954,958$17,750,284$141,495,531
95$192,673,253$32,302,651$18,175,819$155,334,571
96$212,151,499$33,711,055$18,610,282$170,567,222
97$233,611,031$35,182,976$19,053,806$187,335,070
98$257,253,768$36,721,353$19,506,520$205,794,120
99$283,302,217$38,329,265$19,968,554$226,116,274
100$312,001,579$40,009,934$20,440,036$248,490,944