Can I retire at age 62 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$784,501$777,513$770,696$764,041$757,543$740,433
2 years$388,367$381,134$374,124$367,327$360,735$343,588
3 years$256,339$249,075$242,083$235,350$228,865$212,218
4 years$190,339$183,097$176,174$169,557$163,228$147,209
5 years$150,748$143,550$136,719$130,236$124,084$108,736
6 years$124,364$117,219$110,489$104,151$98,183$83,524
7 years$105,525$98,441$91,817$85,628$79,849$65,881
8 years$91,402$84,382$77,868$71,831$66,243$52,960
9 years$80,423$73,470$67,068$61,184$55,786$43,179
10 years$71,646$64,760$58,471$52,741$47,532$35,587
11 years$64,469$57,652$51,477$45,901$40,879$29,581
12 years$58,492$51,745$45,685$40,261$35,425$24,755
13 years$53,439$46,763$40,816$35,545$30,891$20,830
14 years$49,111$42,506$36,673$31,552$27,079$17,606
15 years$45,364$38,830$33,111$28,139$23,843$14,935
16 years$42,089$35,626$30,020$25,196$21,072$12,709
17 years$39,201$32,810$27,317$22,638$18,684$10,842
18 years$36,638$30,318$24,937$20,401$16,613$9,270
19 years$34,347$28,098$22,829$18,434$14,808$7,940
20 years$32,287$26,110$20,951$16,696$13,226$6,811
21 years$30,427$24,321$19,271$15,153$11,836$5,850
22 years$28,737$22,702$17,761$13,777$10,609$5,031
23 years$27,197$21,233$16,399$12,547$9,524$4,330
24 years$25,787$19,894$15,167$11,444$8,560$3,730
25 years$24,492$18,670$14,047$10,451$7,703$3,216
26 years$23,299$17,546$13,028$9,556$6,938$2,774
27 years$22,196$16,513$12,098$8,747$6,256$2,394
28 years$21,173$15,560$11,246$8,014$5,644$2,067
29 years$20,223$14,679$10,466$7,349$5,097$1,785
30 years$19,338$13,863$9,748$6,745$4,605$1,542
31 years$18,511$13,105$9,088$6,194$4,164$1,333
32 years$17,738$12,400$8,479$5,693$3,766$1,152
33 years$17,013$11,743$7,917$5,235$3,408$996
34 years$16,332$11,130$7,397$4,817$3,086$862
35 years$15,692$10,557$6,916$4,434$2,795$745
36 years$15,088$10,020$6,470$4,084$2,533$645
37 years$14,519$9,516$6,056$3,762$2,295$558
38 years$13,980$9,044$5,671$3,468$2,081$483
39 years$13,471$8,600$5,313$3,198$1,887$418
40 years$12,988$8,182$4,980$2,949$1,712$361
41 years$12,530$7,789$4,670$2,721$1,553$313
42 years$12,095$7,418$4,380$2,511$1,409$271
43 years$11,681$7,068$4,110$2,318$1,279$234
44 years$11,287$6,737$3,858$2,140$1,161$203
45 years$10,912$6,424$3,623$1,977$1,054$176
46 years$10,554$6,128$3,403$1,826$957$152
47 years$10,213$5,848$3,197$1,687$869$132
48 years$9,886$5,583$3,004$1,559$789$114
49 years$9,574$5,332$2,823$1,441$717$99
50 years$9,275$5,093$2,654$1,332$651$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $9,500,000, adding $3,512 every year, while hoping to spend $25,084 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: 76/10/14 Blend
61$9,500,000$9,500,000$9,500,000$9,500,000
62$10,472,623$9,969,123$9,821,873$11,237,603
63$11,514,141$10,430,920$10,124,216$12,204,725
64$12,661,053$10,914,506$10,435,848$13,261,178
65$13,924,084$11,420,919$10,757,051$14,418,665
66$15,315,049$11,951,253$11,088,121$15,687,238
67$16,846,969$12,506,650$11,429,359$17,077,967
68$18,534,194$13,088,310$11,781,076$18,603,041
69$20,392,534$13,697,489$12,143,595$20,275,879
70$22,439,412$14,335,506$12,517,245$22,111,260
71$24,694,028$15,003,741$12,902,367$24,125,457
72$27,177,536$15,703,641$13,299,314$26,336,393
73$29,913,251$16,436,726$13,708,447$28,763,804
74$32,926,862$17,204,585$14,130,140$31,429,427
75$36,246,679$18,008,887$14,564,777$34,357,202
76$39,903,898$18,851,380$15,012,755$37,573,498
77$43,932,895$19,733,897$15,474,481$41,107,356
78$48,371,552$20,658,360$15,950,378$44,990,766
79$53,261,613$21,626,782$16,440,878$49,258,965
80$58,649,079$22,641,276$16,946,430$53,950,765
81$64,584,643$23,704,056$17,467,493$59,108,920
82$71,124,165$24,817,444$18,004,542$64,780,529
83$78,329,203$25,983,871$18,558,067$71,017,472
84$86,267,591$27,205,890$19,128,572$77,876,903
85$95,014,082$28,486,176$19,716,576$85,421,785
86$104,651,052$29,827,532$20,322,615$93,721,481
87$115,269,278$31,232,899$20,947,240$102,852,407
88$126,968,792$32,705,360$21,591,021$112,898,748
89$139,859,832$34,248,145$22,254,543$123,953,254
90$154,063,875$35,864,644$22,938,410$136,118,107
91$169,714,787$37,558,409$23,643,245$149,505,887
92$186,960,090$39,333,165$24,369,687$164,240,628
93$205,962,346$41,192,818$25,118,399$180,458,987
94$226,900,702$43,141,462$25,890,062$198,311,529
95$249,972,570$45,183,391$26,685,376$217,964,144
96$275,395,501$47,323,106$27,505,065$239,599,612
97$303,409,232$49,565,327$28,349,874$263,419,319
98$334,277,949$51,915,004$29,220,571$289,645,160
99$368,292,787$54,377,326$30,117,947$318,521,623
100$405,774,571$56,957,735$31,042,817$350,318,094