Can I retire at age 62 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$743,212$736,591$730,133$723,828$717,673$708,118
2 years$367,927$361,074$354,433$347,994$341,749$332,138
3 years$242,848$235,966$229,342$222,963$216,820$207,451
4 years$180,321$173,460$166,902$160,633$154,638$145,584
5 years$142,814$135,995$129,523$123,381$117,553$108,840
6 years$117,818$111,050$104,674$98,669$93,016$84,654
7 years$99,971$93,260$86,984$81,121$75,647$67,639
8 years$86,591$79,941$73,770$68,051$62,756$55,103
9 years$76,191$69,603$63,538$57,964$52,850$45,546
10 years$67,875$61,351$55,394$49,966$45,031$38,072
11 years$61,076$54,618$48,768$43,485$38,728$32,107
12 years$55,414$49,022$43,280$38,142$33,561$27,271
13 years$50,626$44,301$38,668$33,674$29,266$23,298
14 years$46,527$40,269$34,743$29,892$25,654$20,000
15 years$42,977$36,786$31,369$26,658$22,588$17,238
16 years$39,873$33,751$28,440$23,870$19,963$14,907
17 years$37,138$31,083$25,879$21,447$17,701$12,929
18 years$34,710$28,722$23,625$19,328$15,739$11,240
19 years$32,539$26,619$21,627$17,464$14,028$9,792
20 years$30,588$24,736$19,848$15,817$12,530$8,546
21 years$28,825$23,041$18,257$14,355$11,213$7,470
22 years$27,225$21,508$16,826$13,052$10,051$6,538
23 years$25,766$20,116$15,536$11,887$9,022$5,729
24 years$24,430$18,847$14,368$10,841$8,110$5,025
25 years$23,203$17,687$13,308$9,901$7,297$4,411
26 years$22,073$16,623$12,342$9,053$6,573$3,875
27 years$21,028$15,644$11,461$8,286$5,926$3,407
28 years$20,059$14,741$10,654$7,592$5,347$2,997
29 years$19,159$13,907$9,915$6,962$4,829$2,638
30 years$18,320$13,133$9,235$6,390$4,363$2,322
31 years$17,537$12,416$8,610$5,868$3,944$2,046
32 years$16,804$11,748$8,033$5,393$3,568$1,803
33 years$16,118$11,125$7,501$4,959$3,229$1,589
34 years$15,473$10,544$7,008$4,563$2,924$1,401
35 years$14,866$10,001$6,552$4,201$2,648$1,235
36 years$14,294$9,492$6,129$3,869$2,399$1,090
37 years$13,754$9,016$5,737$3,564$2,175$961
38 years$13,244$8,568$5,372$3,285$1,971$848
39 years$12,762$8,147$5,033$3,029$1,788$748
40 years$12,304$7,752$4,718$2,794$1,622$661
41 years$11,870$7,379$4,424$2,578$1,471$583
42 years$11,458$7,027$4,150$2,379$1,335$515
43 years$11,066$6,696$3,894$2,196$1,211$454
44 years$10,693$6,382$3,655$2,028$1,100$401
45 years$10,338$6,086$3,432$1,873$998$354
46 years$9,999$5,806$3,223$1,730$906$313
47 years$9,675$5,541$3,028$1,598$823$276
48 years$9,366$5,289$2,846$1,477$747$244
49 years$9,070$5,051$2,675$1,365$679$215
50 years$8,787$4,825$2,515$1,262$617$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,000,000, adding $2,696 every year, while hoping to spend $34,920 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: 31/47/22 Blend
61$9,000,000$9,000,000$9,000,000$9,000,000
62$9,920,781$9,443,781$9,304,281$10,160,546
63$10,895,546$9,869,372$9,578,820$10,768,273
64$11,968,567$10,314,646$9,861,385$11,418,692
65$13,149,828$10,780,531$10,152,209$12,118,129
66$14,450,333$11,268,000$10,451,531$12,870,878
67$15,882,205$11,778,070$10,759,595$13,681,639
68$17,458,803$12,311,808$11,076,655$14,555,557
69$19,194,848$12,870,333$11,402,969$15,498,273
70$21,106,559$13,454,816$11,738,805$16,515,966
71$23,211,810$14,066,485$12,084,438$17,615,409
72$25,530,297$14,706,625$12,440,149$18,804,030
73$28,083,723$15,376,585$12,806,229$20,089,974
74$30,896,002$16,077,777$13,182,977$21,482,174
75$33,993,488$16,811,681$13,570,700$22,990,432
76$37,405,219$17,579,849$13,969,714$24,625,506
77$41,163,195$18,383,905$14,380,343$26,399,203
78$45,302,677$19,225,553$14,802,921$28,324,485
79$49,862,524$20,106,579$15,237,792$30,415,584
80$54,885,552$21,028,852$15,685,309$32,688,130
81$60,418,946$21,994,334$16,145,835$35,159,292
82$66,514,701$23,005,079$16,619,743$37,847,931
83$73,230,114$24,063,240$17,107,417$40,774,769
84$80,628,322$25,171,076$17,609,253$43,962,578
85$88,778,902$26,330,950$18,125,654$47,436,386
86$97,758,527$27,545,343$18,657,040$51,223,702
87$107,651,684$28,816,853$19,203,839$55,354,769
88$118,551,480$30,148,203$19,766,491$59,862,836
89$130,560,514$31,542,247$20,345,452$64,784,464
90$143,791,848$33,001,979$20,941,186$70,159,858
91$158,370,074$34,530,534$21,554,173$76,033,238
92$174,432,490$36,131,198$22,184,907$82,453,239
93$192,130,396$37,807,419$22,833,893$89,473,362
94$211,630,520$39,562,806$23,501,652$97,152,466
95$233,116,596$41,401,147$24,188,720$105,555,305
96$256,791,095$43,326,408$24,895,648$114,753,129
97$282,877,135$45,342,751$25,623,001$124,824,340
98$311,620,592$47,454,535$26,371,360$135,855,215
99$343,292,416$49,666,331$27,141,325$147,940,707
100$378,191,191$51,982,930$27,933,508$161,185,320