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

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 $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%13.2%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,062,177
2 years$551,890$541,611$531,650$521,992$512,623$498,207
3 years$364,272$353,949$344,013$334,445$325,229$311,176
4 years$270,481$260,190$250,353$240,949$231,956$218,375
5 years$214,222$203,992$194,284$185,072$176,329$163,260
6 years$176,727$166,575$157,011$148,003$139,524$126,981
7 years$149,956$139,889$130,477$121,682$113,470$101,459
8 years$129,887$119,911$110,654$102,076$94,134$82,654
9 years$114,286$104,404$95,307$86,946$79,275$68,319
10 years$101,812$92,027$83,091$74,948$67,546$57,108
11 years$91,613$81,926$73,152$65,227$58,092$48,161
12 years$83,120$73,533$64,920$57,213$50,341$40,907
13 years$75,940$66,452$58,002$50,511$43,898$34,948
14 years$69,790$60,403$52,115$44,838$38,481$30,001
15 years$64,465$55,179$47,053$39,987$33,882$25,857
16 years$59,810$50,626$42,660$35,804$29,945$22,361
17 years$55,707$46,625$38,819$32,170$26,551$19,393
18 years$52,064$43,083$35,437$28,992$23,608$16,860
19 years$48,809$39,929$32,441$26,196$21,042$14,688
20 years$45,882$37,104$29,772$23,726$18,795$12,818
21 years$43,238$34,561$27,385$21,533$16,820$11,204
22 years$40,837$32,261$25,239$19,578$15,077$9,806
23 years$38,649$30,173$23,304$17,830$13,534$8,593
24 years$36,645$28,271$21,552$16,262$12,164$7,537
25 years$34,805$26,531$19,962$14,852$10,946$6,617
26 years$33,109$24,934$18,514$13,580$9,860$5,813
27 years$31,542$23,466$17,192$12,430$8,889$5,111
28 years$30,089$22,112$15,982$11,388$8,021$4,495
29 years$28,738$20,860$14,872$10,443$7,243$3,956
30 years$27,480$19,700$13,853$9,584$6,544$3,484
31 years$26,306$18,623$12,915$8,802$5,917$3,069
32 years$25,207$17,621$12,050$8,090$5,352$2,704
33 years$24,177$16,688$11,251$7,439$4,844$2,383
34 years$23,209$15,816$10,512$6,845$4,385$2,101
35 years$22,299$15,001$9,828$6,301$3,972$1,853
36 years$21,441$14,239$9,194$5,803$3,599$1,634
37 years$20,632$13,523$8,605$5,347$3,262$1,442
38 years$19,867$12,852$8,059$4,928$2,957$1,272
39 years$19,143$12,221$7,550$4,544$2,682$1,123
40 years$18,457$11,627$7,077$4,191$2,432$991
41 years$17,806$11,068$6,636$3,867$2,207$875
42 years$17,187$10,541$6,224$3,569$2,002$772
43 years$16,600$10,043$5,841$3,294$1,817$682
44 years$16,040$9,573$5,483$3,042$1,649$602
45 years$15,507$9,129$5,148$2,809$1,497$531
46 years$14,998$8,709$4,835$2,595$1,360$469
47 years$14,513$8,311$4,543$2,397$1,235$414
48 years$14,049$7,934$4,269$2,215$1,121$366
49 years$13,605$7,576$4,012$2,047$1,018$323
50 years$13,181$7,237$3,772$1,892$925$285

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 $6,688 every year, while hoping to spend $59,853 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: 56/25/19 Blend
61$13,500,000$13,500,000$13,500,000$13,500,000
62$14,883,899$14,168,399$13,959,149$15,641,380
63$16,338,373$14,798,967$14,363,097$16,788,999
64$17,939,198$15,458,427$14,778,572$18,031,580
65$19,701,238$16,148,132$15,205,895$19,383,913
66$21,640,872$16,869,498$15,645,400$20,856,543
67$23,776,146$17,624,009$16,097,427$22,461,063
68$26,126,948$18,413,220$16,562,325$24,210,222
69$28,715,188$19,238,760$17,040,455$26,118,040
70$31,565,013$20,102,335$17,532,186$28,199,939
71$34,703,028$21,005,733$18,037,898$30,472,879
72$38,158,550$21,950,826$18,557,980$32,955,522
73$41,963,882$22,939,577$19,092,833$35,668,396
74$46,154,624$23,974,042$19,642,868$38,634,089
75$50,769,999$25,056,373$20,208,508$41,877,457
76$55,853,232$26,188,829$20,790,186$45,425,850
77$61,451,952$27,373,772$21,388,348$49,309,369
78$67,618,646$28,613,681$22,003,452$53,561,144
79$74,411,147$29,911,151$22,635,967$58,217,640
80$81,893,189$31,268,903$23,286,377$63,318,996
81$90,135,001$32,689,785$23,955,177$68,909,395
82$99,213,972$34,176,785$24,642,876$75,037,481
83$109,215,381$35,733,032$25,349,997$81,756,804
84$120,233,204$37,361,805$26,077,076$89,126,324
85$132,370,998$39,066,540$26,824,665$97,210,958
86$145,742,878$40,850,839$27,593,329$106,082,184
87$160,474,595$42,718,474$28,383,650$115,818,710
88$176,704,725$44,673,400$29,196,223$126,507,208
89$194,585,973$46,719,762$30,031,662$138,243,123
90$214,286,614$48,861,903$30,890,596$151,131,564
91$235,992,087$51,104,375$31,773,669$165,288,289
92$259,906,738$53,451,947$32,681,544$180,840,786
93$286,255,751$55,909,618$33,614,902$197,929,466
94$315,287,278$58,482,630$34,574,442$216,708,979
95$347,274,774$61,176,472$35,560,879$237,349,662
96$382,519,582$63,996,901$36,574,950$260,039,133
97$421,353,779$66,949,948$37,617,410$284,984,055
98$464,143,305$70,041,936$38,689,034$312,412,067
99$511,291,423$73,279,492$39,790,618$342,573,925
100$563,242,523$76,669,562$40,922,978$375,745,853