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

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 $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%18%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,033,916
2 years$547,802$537,599$527,712$518,125$508,826$474,274
3 years$361,573$351,327$341,464$331,968$322,820$289,418
4 years$268,478$258,263$248,499$239,164$230,238$198,242
5 years$212,635$202,481$192,845$183,701$175,023$144,519
6 years$175,418$165,341$155,848$146,907$138,490$109,502
7 years$148,845$138,853$129,510$120,780$112,629$85,155
8 years$128,925$119,023$109,835$101,320$93,437$67,457
9 years$113,439$103,631$94,601$86,302$78,687$54,172
10 years$101,058$91,345$82,475$74,393$67,046$43,957
11 years$90,935$81,319$72,610$64,744$57,661$35,956
12 years$82,505$72,988$64,439$56,789$49,968$29,599
13 years$75,377$65,960$57,572$50,137$43,573$24,490
14 years$69,273$59,956$51,729$44,506$38,196$20,345
15 years$63,987$54,771$46,704$39,691$33,631$16,959
16 years$59,367$50,251$42,344$35,539$29,723$14,175
17 years$55,295$46,279$38,532$31,932$26,354$11,875
18 years$51,679$42,764$35,174$28,777$23,433$9,966
19 years$48,447$39,633$32,200$26,002$20,887$8,378
20 years$45,542$36,829$29,552$23,550$18,656$7,051
21 years$42,918$34,305$27,182$21,373$16,695$5,941
22 years$40,535$32,022$25,053$19,433$14,965$5,011
23 years$38,362$29,950$23,132$17,698$13,433$4,229
24 years$36,374$28,061$21,393$16,142$12,074$3,571
25 years$34,547$26,334$19,814$14,742$10,865$3,018
26 years$32,864$24,750$18,376$13,479$9,787$2,551
27 years$31,308$23,292$17,064$12,338$8,824$2,157
28 years$29,866$21,948$15,863$11,304$7,962$1,825
29 years$28,525$20,706$14,762$10,366$7,189$1,544
30 years$27,277$19,554$13,750$9,513$6,496$1,307
31 years$26,111$18,485$12,819$8,737$5,873$1,107
32 years$25,020$17,491$11,960$8,030$5,312$937
33 years$23,997$16,564$11,168$7,384$4,808$793
34 years$23,037$15,699$10,434$6,794$4,353$672
35 years$22,134$14,890$9,755$6,254$3,943$569
36 years$21,282$14,133$9,126$5,760$3,572$482
37 years$20,479$13,423$8,542$5,307$3,238$408
38 years$19,720$12,757$7,999$4,892$2,935$346
39 years$19,001$12,130$7,494$4,510$2,662$293
40 years$18,320$11,541$7,024$4,160$2,414$248
41 years$17,674$10,986$6,586$3,838$2,190$210
42 years$17,060$10,463$6,178$3,542$1,987$178
43 years$16,477$9,969$5,798$3,270$1,804$151
44 years$15,921$9,502$5,442$3,019$1,637$128
45 years$15,392$9,061$5,110$2,788$1,486$108
46 years$14,887$8,644$4,799$2,576$1,350$92
47 years$14,405$8,249$4,509$2,380$1,225$78
48 years$13,945$7,875$4,237$2,199$1,113$66
49 years$13,504$7,520$3,983$2,032$1,011$56
50 years$13,083$7,184$3,744$1,878$918$47

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 $6,168 every year, while hoping to spend $37,400 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: 48/41/11 Blend
61$13,400,000$13,400,000$13,400,000$13,400,000
62$14,773,162$14,062,962$13,855,262$15,437,424
63$16,240,232$14,712,254$14,279,620$16,544,299
64$17,855,688$15,392,108$14,716,941$17,741,017
65$19,634,629$16,103,981$15,167,618$19,039,505
66$21,593,687$16,849,403$15,632,060$20,449,264
67$23,751,194$17,629,974$16,110,685$21,980,727
68$26,127,348$18,447,375$16,603,925$23,645,351
69$28,744,405$19,303,364$17,112,224$25,455,714
70$31,626,893$20,199,787$17,636,042$27,425,637
71$34,801,837$21,138,578$18,175,850$29,570,301
72$38,299,018$22,121,762$18,732,135$31,906,387
73$42,151,255$23,151,466$19,305,399$34,452,223
74$46,394,711$24,229,915$19,896,158$37,227,957
75$51,069,237$25,359,446$20,504,944$40,255,732
76$56,218,745$26,542,505$21,132,306$43,559,891
77$61,891,627$27,781,658$21,778,808$47,167,200
78$68,141,208$29,079,594$22,445,033$51,107,089
79$75,026,251$30,439,134$23,131,581$55,411,920
80$82,611,509$31,863,231$23,839,069$60,117,289
81$90,968,339$33,354,986$24,568,135$65,262,345
82$100,175,375$34,917,647$25,319,433$70,890,155
83$110,319,270$36,554,618$26,093,640$77,048,094
84$121,495,511$38,269,469$26,891,453$83,788,288
85$133,809,324$40,065,945$27,713,588$91,168,088
86$147,376,667$41,947,967$28,560,784$99,250,602
87$162,325,320$43,919,651$29,433,804$108,105,279
88$178,796,097$45,985,308$30,333,431$117,808,546
89$196,944,172$48,149,461$31,260,473$128,444,521
90$216,940,543$50,416,850$32,215,765$140,105,789
91$238,973,648$52,792,445$33,200,162$152,894,262
92$263,251,142$55,281,457$34,214,550$166,922,122
93$290,001,860$57,889,350$35,259,838$182,312,868
94$319,477,972$60,621,850$36,336,965$199,202,458
95$351,957,369$63,484,965$37,446,898$217,740,578
96$387,746,283$66,484,991$38,590,632$238,092,034
97$427,182,179$69,628,530$39,769,192$260,438,288
98$470,636,937$72,922,504$40,983,636$284,979,149
99$518,520,369$76,374,172$42,235,053$311,934,634
100$571,284,083$79,991,142$43,524,563$341,547,027