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%18.3%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,032,678
2 years$547,802$537,599$527,712$518,125$508,826$473,054
3 years$361,573$351,327$341,464$331,968$322,820$288,257
4 years$268,478$258,263$248,499$239,164$230,238$197,148
5 years$212,635$202,481$192,845$183,701$175,023$143,494
6 years$175,418$165,341$155,848$146,907$138,490$108,547
7 years$148,845$138,853$129,510$120,780$112,629$84,268
8 years$128,925$119,023$109,835$101,320$93,437$66,636
9 years$113,439$103,631$94,601$86,302$78,687$53,415
10 years$101,058$91,345$82,475$74,393$67,046$43,260
11 years$90,935$81,319$72,610$64,744$57,661$35,318
12 years$82,505$72,988$64,439$56,789$49,968$29,016
13 years$75,377$65,960$57,572$50,137$43,573$23,958
14 years$69,273$59,956$51,729$44,506$38,196$19,862
15 years$63,987$54,771$46,704$39,691$33,631$16,521
16 years$59,367$50,251$42,344$35,539$29,723$13,779
17 years$55,295$46,279$38,532$31,932$26,354$11,518
18 years$51,679$42,764$35,174$28,777$23,433$9,645
19 years$48,447$39,633$32,200$26,002$20,887$8,089
20 years$45,542$36,829$29,552$23,550$18,656$6,793
21 years$42,918$34,305$27,182$21,373$16,695$5,710
22 years$40,535$32,022$25,053$19,433$14,965$4,805
23 years$38,362$29,950$23,132$17,698$13,433$4,045
24 years$36,374$28,061$21,393$16,142$12,074$3,408
25 years$34,547$26,334$19,814$14,742$10,865$2,873
26 years$32,864$24,750$18,376$13,479$9,787$2,423
27 years$31,308$23,292$17,064$12,338$8,824$2,044
28 years$29,866$21,948$15,863$11,304$7,962$1,725
29 years$28,525$20,706$14,762$10,366$7,189$1,456
30 years$27,277$19,554$13,750$9,513$6,496$1,229
31 years$26,111$18,485$12,819$8,737$5,873$1,038
32 years$25,020$17,491$11,960$8,030$5,312$877
33 years$23,997$16,564$11,168$7,384$4,808$741
34 years$23,037$15,699$10,434$6,794$4,353$626
35 years$22,134$14,890$9,755$6,254$3,943$529
36 years$21,282$14,133$9,126$5,760$3,572$447
37 years$20,479$13,423$8,542$5,307$3,238$377
38 years$19,720$12,757$7,999$4,892$2,935$319
39 years$19,001$12,130$7,494$4,510$2,662$270
40 years$18,320$11,541$7,024$4,160$2,414$228
41 years$17,674$10,986$6,586$3,838$2,190$193
42 years$17,060$10,463$6,178$3,542$1,987$163
43 years$16,477$9,969$5,798$3,270$1,804$138
44 years$15,921$9,502$5,442$3,019$1,637$116
45 years$15,392$9,061$5,110$2,788$1,486$98
46 years$14,887$8,644$4,799$2,576$1,350$83
47 years$14,405$8,249$4,509$2,380$1,225$70
48 years$13,945$7,875$4,237$2,199$1,113$59
49 years$13,504$7,520$3,983$2,032$1,011$50
50 years$13,083$7,184$3,744$1,878$918$42

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 $5,620 every year, while hoping to spend $39,042 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: 46/47/7 Blend
61$13,400,000$13,400,000$13,400,000$13,400,000
62$14,772,597$14,062,397$13,854,697$15,423,607
63$16,237,862$14,709,914$14,277,289$16,519,619
64$17,851,275$15,387,851$14,712,729$17,703,330
65$19,627,906$16,097,657$15,161,407$18,986,453
66$21,584,361$16,840,851$15,623,723$20,378,184
67$23,738,939$17,619,026$16,100,091$21,888,612
68$26,111,803$18,433,850$16,590,936$23,528,814
69$28,725,170$19,287,072$17,096,696$25,310,946
70$31,603,525$20,180,526$17,617,822$27,248,356
71$34,773,846$21,116,134$18,154,781$29,355,702
72$38,265,863$22,095,909$18,708,051$31,649,081
73$42,112,336$23,121,963$19,278,126$34,146,178
74$46,349,365$24,196,510$19,865,513$36,866,420
75$51,016,730$25,321,869$20,470,738$39,831,155
76$56,158,268$26,500,472$21,094,339$43,063,841
77$61,822,284$27,734,868$21,736,873$46,590,265
78$68,062,011$29,027,730$22,398,911$50,438,767
79$74,936,105$30,381,858$23,081,044$54,640,509
80$82,509,208$31,800,190$23,783,879$59,229,748
81$90,852,551$33,285,802$24,508,043$64,244,157
82$100,044,628$34,841,923$25,254,179$69,725,163
83$110,171,937$36,471,935$26,022,951$75,718,331
84$121,329,799$38,179,384$26,815,045$82,273,778
85$133,623,254$39,967,989$27,631,164$89,446,636
86$147,168,052$41,841,647$28,472,033$97,297,554
87$162,091,748$43,804,443$29,338,402$105,893,262
88$178,534,908$45,860,662$30,231,040$115,307,183
89$196,652,428$48,014,794$31,150,739$125,620,109
90$216,615,005$50,271,548$32,098,318$136,920,951
91$238,610,741$52,635,860$33,074,618$149,307,555
92$262,846,925$55,112,904$34,080,505$162,887,615
93$289,551,982$57,708,108$35,116,873$177,779,664
94$318,977,638$60,427,158$36,184,642$194,114,178
95$351,401,288$63,276,020$37,284,758$212,034,785
96$387,128,620$66,260,946$38,418,198$231,699,596
97$426,496,498$69,388,491$39,585,967$253,282,680
98$469,876,144$72,665,531$40,789,100$276,975,681
99$517,676,640$76,099,270$42,028,664$302,989,601
100$570,348,789$79,697,267$43,305,757$331,556,768