Can I retire at age 62 with 13,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,060,912
2 years$547,802$537,599$527,712$518,125$508,826$501,139
3 years$361,573$351,327$341,464$331,968$322,820$315,307
4 years$268,478$258,263$248,499$239,164$230,238$222,958
5 years$212,635$202,481$192,845$183,701$175,023$167,996
6 years$175,418$165,341$155,848$146,907$138,490$131,726
7 years$148,845$138,853$129,510$120,780$112,629$106,131
8 years$128,925$119,023$109,835$101,320$93,437$87,204
9 years$113,439$103,631$94,601$86,302$78,687$72,719
10 years$101,058$91,345$82,475$74,393$67,046$61,338
11 years$90,935$81,319$72,610$64,744$57,661$52,211
12 years$82,505$72,988$64,439$56,789$49,968$44,769
13 years$75,377$65,960$57,572$50,137$43,573$38,621
14 years$69,273$59,956$51,729$44,506$38,196$33,484
15 years$63,987$54,771$46,704$39,691$33,631$29,153
16 years$59,367$50,251$42,344$35,539$29,723$25,473
17 years$55,295$46,279$38,532$31,932$26,354$22,325
18 years$51,679$42,764$35,174$28,777$23,433$19,617
19 years$48,447$39,633$32,200$26,002$20,887$17,276
20 years$45,542$36,829$29,552$23,550$18,656$15,244
21 years$42,918$34,305$27,182$21,373$16,695$13,474
22 years$40,535$32,022$25,053$19,433$14,965$11,927
23 years$38,362$29,950$23,132$17,698$13,433$10,572
24 years$36,374$28,061$21,393$16,142$12,074$9,381
25 years$34,547$26,334$19,814$14,742$10,865$8,332
26 years$32,864$24,750$18,376$13,479$9,787$7,407
27 years$31,308$23,292$17,064$12,338$8,824$6,590
28 years$29,866$21,948$15,863$11,304$7,962$5,867
29 years$28,525$20,706$14,762$10,366$7,189$5,227
30 years$27,277$19,554$13,750$9,513$6,496$4,659
31 years$26,111$18,485$12,819$8,737$5,873$4,154
32 years$25,020$17,491$11,960$8,030$5,312$3,706
33 years$23,997$16,564$11,168$7,384$4,808$3,308
34 years$23,037$15,699$10,434$6,794$4,353$2,953
35 years$22,134$14,890$9,755$6,254$3,943$2,637
36 years$21,282$14,133$9,126$5,760$3,572$2,356
37 years$20,479$13,423$8,542$5,307$3,238$2,105
38 years$19,720$12,757$7,999$4,892$2,935$1,881
39 years$19,001$12,130$7,494$4,510$2,662$1,681
40 years$18,320$11,541$7,024$4,160$2,414$1,503
41 years$17,674$10,986$6,586$3,838$2,190$1,344
42 years$17,060$10,463$6,178$3,542$1,987$1,202
43 years$16,477$9,969$5,798$3,270$1,804$1,075
44 years$15,921$9,502$5,442$3,019$1,637$961
45 years$15,392$9,061$5,110$2,788$1,486$860
46 years$14,887$8,644$4,799$2,576$1,350$769
47 years$14,405$8,249$4,509$2,380$1,225$688
48 years$13,945$7,875$4,237$2,199$1,113$616
49 years$13,504$7,520$3,983$2,032$1,011$551
50 years$13,083$7,184$3,744$1,878$918$493

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,400,000, adding $6,834 every year, while hoping to spend $45,794 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: 43/48/9 Blend
61$13,400,000$13,400,000$13,400,000$13,400,000
62$14,773,849$14,063,649$13,855,949$15,370,380
63$16,232,057$14,704,044$14,271,399$16,426,387
64$17,837,468$15,374,282$14,699,232$17,564,508
65$19,605,047$16,075,780$15,139,814$18,796,404
66$21,551,287$16,810,018$15,593,522$20,130,669
67$23,694,358$17,578,548$16,060,745$21,576,732
68$26,054,285$18,383,000$16,541,882$23,144,940
69$28,653,132$19,225,077$17,037,346$24,846,644
70$31,515,213$20,106,567$17,547,558$26,694,305
71$34,667,319$21,029,344$18,072,956$28,701,603
72$38,138,974$21,995,369$18,613,987$30,883,557
73$41,962,707$23,006,701$19,171,114$33,256,661
74$46,174,369$24,065,495$19,744,812$35,839,033
75$50,813,462$25,174,011$20,335,570$38,650,574
76$55,923,515$26,334,617$20,943,892$41,713,152
77$61,552,496$27,549,796$21,570,295$45,050,795
78$67,753,264$28,822,150$22,215,314$48,689,910
79$74,584,067$30,154,405$22,879,496$52,659,522
80$82,109,090$31,549,419$23,563,408$56,991,539
81$90,399,066$33,010,189$24,267,631$61,721,040
82$99,531,937$34,539,855$24,992,762$66,886,596
83$109,593,593$36,141,707$25,739,419$72,530,622
84$120,678,685$37,819,196$26,508,235$78,699,765
85$132,891,513$39,575,938$27,299,862$85,445,331
86$146,347,012$41,415,724$28,114,973$92,823,754
87$161,171,840$43,342,527$28,954,257$100,897,118
88$177,505,569$45,360,513$29,818,427$109,733,723
89$195,502,007$47,474,047$30,708,213$119,408,720
90$215,330,643$49,687,707$31,624,370$130,004,798
91$237,178,254$52,006,290$32,567,672$141,612,951
92$261,250,665$54,434,827$33,538,917$154,333,318
93$287,774,688$56,978,589$34,538,926$168,276,108
94$317,000,270$59,643,103$35,568,544$183,562,622
95$349,202,846$62,434,165$36,628,640$200,326,378
96$384,685,946$65,357,847$37,720,108$218,714,346
97$423,784,050$68,420,519$38,843,869$238,888,318
98$466,865,755$71,628,857$40,000,871$261,026,405
99$514,337,249$74,989,858$41,192,087$285,324,700
100$566,646,148$78,510,861$42,418,522$311,999,097