Can I retire at age 62 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,050,485
2 years$551,890$541,611$531,650$521,992$512,623$486,561
3 years$364,272$353,949$344,013$334,445$325,229$299,943
4 years$270,481$260,190$250,353$240,949$231,956$207,641
5 years$214,222$203,992$194,284$185,072$176,329$153,053
6 years$176,727$166,575$157,011$148,003$139,524$117,309
7 years$149,956$139,889$130,477$121,682$113,470$92,320
8 years$129,887$119,911$110,654$102,076$94,134$74,041
9 years$114,286$104,404$95,307$86,946$79,275$60,221
10 years$101,812$92,027$83,091$74,948$67,546$49,511
11 years$91,613$81,926$73,152$65,227$58,092$41,049
12 years$83,120$73,533$64,920$57,213$50,341$34,263
13 years$75,940$66,452$58,002$50,511$43,898$28,753
14 years$69,790$60,403$52,115$44,838$38,481$24,236
15 years$64,465$55,179$47,053$39,987$33,882$20,503
16 years$59,810$50,626$42,660$35,804$29,945$17,397
17 years$55,707$46,625$38,819$32,170$26,551$14,799
18 years$52,064$43,083$35,437$28,992$23,608$12,616
19 years$48,809$39,929$32,441$26,196$21,042$10,773
20 years$45,882$37,104$29,772$23,726$18,795$9,214
21 years$43,238$34,561$27,385$21,533$16,820$7,890
22 years$40,837$32,261$25,239$19,578$15,077$6,764
23 years$38,649$30,173$23,304$17,830$13,534$5,804
24 years$36,645$28,271$21,552$16,262$12,164$4,984
25 years$34,805$26,531$19,962$14,852$10,946$4,282
26 years$33,109$24,934$18,514$13,580$9,860$3,682
27 years$31,542$23,466$17,192$12,430$8,889$3,167
28 years$30,089$22,112$15,982$11,388$8,021$2,726
29 years$28,738$20,860$14,872$10,443$7,243$2,347
30 years$27,480$19,700$13,853$9,584$6,544$2,021
31 years$26,306$18,623$12,915$8,802$5,917$1,741
32 years$25,207$17,621$12,050$8,090$5,352$1,500
33 years$24,177$16,688$11,251$7,439$4,844$1,292
34 years$23,209$15,816$10,512$6,845$4,385$1,114
35 years$22,299$15,001$9,828$6,301$3,972$960
36 years$21,441$14,239$9,194$5,803$3,599$828
37 years$20,632$13,523$8,605$5,347$3,262$714
38 years$19,867$12,852$8,059$4,928$2,957$615
39 years$19,143$12,221$7,550$4,544$2,682$531
40 years$18,457$11,627$7,077$4,191$2,432$458
41 years$17,806$11,068$6,636$3,867$2,207$395
42 years$17,187$10,541$6,224$3,569$2,002$341
43 years$16,600$10,043$5,841$3,294$1,817$294
44 years$16,040$9,573$5,483$3,042$1,649$253
45 years$15,507$9,129$5,148$2,809$1,497$219
46 years$14,998$8,709$4,835$2,595$1,360$189
47 years$14,513$8,311$4,543$2,397$1,235$163
48 years$14,049$7,934$4,269$2,215$1,121$140
49 years$13,605$7,576$4,012$2,047$1,018$121
50 years$13,181$7,237$3,772$1,892$925$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,500,000, adding $2,095 every year, while hoping to spend $59,549 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: 44/30/26 Blend
61$13,500,000$13,500,000$13,500,000$13,500,000
62$14,879,161$14,163,661$13,954,411$15,421,454
63$16,333,476$14,794,321$14,358,524$16,438,154
64$17,934,135$15,453,887$14,774,179$17,533,674
65$19,696,002$16,143,713$15,201,700$18,720,077
66$21,635,457$16,865,217$15,641,419$20,005,839
67$23,770,545$17,619,885$16,093,678$21,400,270
68$26,121,153$18,409,272$16,558,829$22,913,598
69$28,709,193$19,235,008$17,037,232$24,557,056
70$31,558,808$20,098,801$17,529,257$26,342,990
71$34,696,604$21,002,440$18,035,285$28,284,964
72$38,151,898$21,947,800$18,555,707$30,397,889
73$41,956,993$22,936,844$19,090,925$32,698,154
74$46,147,487$23,971,629$19,641,351$35,203,778
75$50,762,603$25,054,312$20,207,409$37,934,574
76$55,845,566$26,187,150$20,789,534$40,912,325
77$61,444,004$27,372,511$21,388,174$44,160,993
78$67,610,402$28,612,873$22,003,787$47,706,930
79$74,402,594$29,910,835$22,636,845$51,579,123
80$81,884,311$31,269,119$23,287,832$55,809,461
81$90,125,783$32,690,577$23,957,246$60,433,028
82$99,204,396$34,178,199$24,645,598$65,488,425
83$109,205,431$35,735,117$25,353,411$71,018,131
84$120,222,859$37,364,612$26,081,225$77,068,888
85$132,360,237$39,070,125$26,829,593$83,692,140
86$145,731,680$40,855,259$27,599,082$90,944,506
87$160,462,936$42,723,791$28,390,276$98,888,305
88$176,692,579$44,679,681$29,203,774$107,592,135
89$194,573,312$46,727,075$30,040,191$117,131,509
90$214,273,410$48,870,322$30,900,157$127,589,559
91$235,978,306$51,113,976$31,784,321$139,057,806
92$259,892,346$53,462,814$32,693,348$151,637,014
93$286,240,712$55,921,838$33,627,922$165,438,129
94$315,271,551$58,496,295$34,588,744$180,583,311
95$347,258,315$61,191,679$35,576,532$197,207,076
96$382,502,345$64,013,753$36,592,028$215,457,550
97$421,335,712$66,968,554$37,635,988$235,497,850
98$464,124,353$70,062,412$38,709,193$257,507,616
99$511,271,526$73,301,959$39,812,440$281,684,680
100$563,221,615$76,694,149$40,946,550$308,246,924