Can I retire at age 62 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$767,985$761,144$754,470$747,956$741,595$719,586
2 years$380,191$373,110$366,248$359,594$353,141$331,149
3 years$250,943$243,832$236,987$230,396$224,047$202,761
4 years$186,331$179,242$172,466$165,987$159,792$139,376
5 years$147,575$140,528$133,840$127,494$121,471$101,981
6 years$121,745$114,752$108,163$101,958$96,116$77,569
7 years$103,303$96,368$89,884$83,825$78,168$60,563
8 years$89,478$82,605$76,229$70,319$64,848$48,174
9 years$78,730$71,923$65,656$59,896$54,611$38,852
10 years$70,137$63,396$57,240$51,631$46,532$31,664
11 years$63,111$56,438$50,393$44,934$40,019$26,018
12 years$57,261$50,656$44,723$39,414$34,679$21,518
13 years$52,314$45,778$39,957$34,796$30,241$17,888
14 years$48,077$41,611$35,901$30,888$26,509$14,933
15 years$44,409$38,012$32,414$27,547$23,341$12,510
16 years$41,203$34,876$29,388$24,665$20,629$10,509
17 years$38,376$32,119$26,742$22,162$18,291$8,849
18 years$35,867$29,680$24,412$19,972$16,263$7,465
19 years$33,624$27,507$22,348$18,046$14,496$6,309
20 years$31,608$25,561$20,510$16,344$12,948$5,338
21 years$29,786$23,809$18,865$14,834$11,587$4,522
22 years$28,132$22,225$17,387$13,487$10,386$3,835
23 years$26,625$20,786$16,054$12,283$9,323$3,254
24 years$25,245$19,475$14,847$11,203$8,380$2,764
25 years$23,977$18,277$13,752$10,231$7,541$2,349
26 years$22,809$17,177$12,754$9,355$6,792$1,997
27 years$21,729$16,166$11,843$8,563$6,124$1,698
28 years$20,728$15,233$11,010$7,845$5,526$1,445
29 years$19,797$14,370$10,245$7,194$4,990$1,230
30 years$18,931$13,571$9,543$6,603$4,508$1,047
31 years$18,122$12,829$8,897$6,064$4,076$891
32 years$17,365$12,139$8,301$5,573$3,687$759
33 years$16,655$11,496$7,751$5,125$3,337$646
34 years$15,988$10,896$7,242$4,715$3,021$551
35 years$15,361$10,334$6,771$4,341$2,736$469
36 years$14,771$9,809$6,334$3,998$2,479$400
37 years$14,213$9,316$5,928$3,683$2,247$341
38 years$13,686$8,854$5,551$3,395$2,037$290
39 years$13,187$8,419$5,201$3,130$1,847$247
40 years$12,715$8,010$4,875$2,887$1,676$211
41 years$12,266$7,625$4,571$2,664$1,520$180
42 years$11,840$7,261$4,288$2,458$1,379$153
43 years$11,435$6,919$4,024$2,269$1,252$131
44 years$11,050$6,595$3,777$2,095$1,136$111
45 years$10,682$6,289$3,546$1,935$1,032$95
46 years$10,332$5,999$3,331$1,788$937$81
47 years$9,998$5,725$3,129$1,651$850$69
48 years$9,678$5,466$2,941$1,526$772$59
49 years$9,372$5,219$2,764$1,410$701$50
50 years$9,080$4,986$2,599$1,304$637$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,300,000, adding $3,843 every year, while hoping to spend $51,804 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: 47/23/30 Blend
61$9,300,000$9,300,000$9,300,000$9,300,000
62$10,252,564$9,759,664$9,615,514$10,645,943
63$11,243,207$10,182,769$9,882,515$11,347,994
64$12,333,158$10,624,869$10,156,724$12,104,328
65$13,532,494$11,086,841$10,438,328$12,924,408
66$14,852,315$11,569,603$10,727,518$13,814,263
67$16,304,852$12,074,114$11,024,491$14,780,522
68$17,903,582$12,601,381$11,329,446$15,830,469
69$19,663,355$13,152,457$11,642,591$16,972,115
70$21,600,534$13,728,443$11,964,134$18,214,265
71$23,733,148$14,330,496$12,294,292$19,566,603
72$26,081,063$14,959,825$12,633,284$21,039,779
73$28,666,170$15,617,695$12,981,338$22,645,507
74$31,512,590$16,305,433$13,338,684$24,396,672
75$34,646,904$17,024,428$13,705,559$26,307,448
76$38,098,398$17,776,135$14,082,205$28,393,433
77$41,899,346$18,562,077$14,468,871$30,671,786
78$46,085,310$19,383,850$14,865,809$33,161,390
79$50,695,478$20,243,125$15,273,280$35,883,026
80$55,773,032$21,141,653$15,691,549$38,859,563
81$61,365,554$22,081,267$16,120,889$42,116,176
82$67,525,479$23,063,888$16,561,578$45,680,570
83$74,310,587$24,091,527$17,013,900$49,583,246
84$81,784,547$25,166,292$17,478,146$53,857,781
85$90,017,521$26,290,391$17,954,614$58,541,138
86$99,086,823$27,466,135$18,443,608$63,674,015
87$109,077,651$28,695,948$18,945,441$69,301,220
88$120,083,889$29,982,366$19,460,430$75,472,090
89$132,208,992$31,328,049$19,988,902$82,240,953
90$145,566,967$32,735,782$20,531,188$89,667,632
91$160,283,445$34,208,482$21,087,630$97,818,005
92$176,496,866$35,749,207$21,658,575$106,764,623
93$194,359,787$37,361,159$22,244,378$116,587,384
94$214,040,325$39,047,695$22,845,404$127,374,285
95$235,723,736$40,812,330$23,462,023$139,222,242
96$259,614,170$42,658,748$24,094,614$152,237,998
97$285,936,598$44,590,808$24,743,566$166,539,127
98$314,938,929$46,612,556$25,409,274$182,255,129
99$346,894,357$48,728,229$26,092,142$199,528,651
100$382,103,936$50,942,267$26,792,583$218,516,821