Can I retire at age 62 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,068,718
2 years$555,978$545,623$535,588$525,858$516,421$500,570
3 years$366,970$356,571$346,561$336,922$327,638$312,196
4 years$272,485$262,117$252,208$242,734$233,674$218,759
5 years$215,808$205,503$195,723$186,443$177,636$163,291
6 years$178,036$167,809$158,174$149,100$140,557$126,799
7 years$151,067$140,926$131,443$122,583$114,310$101,144
8 years$130,849$120,799$111,474$102,832$94,832$82,255
9 years$115,133$105,177$96,013$87,590$79,862$67,869
10 years$102,567$92,709$83,706$75,503$68,046$56,628
11 years$92,292$82,533$73,693$65,711$58,522$47,667
12 years$83,736$74,077$65,401$57,637$50,714$40,410
13 years$76,502$66,944$58,431$50,885$44,224$34,455
14 years$70,307$60,850$52,501$45,170$38,766$29,519
15 years$64,942$55,588$47,401$40,284$34,133$25,390
16 years$60,253$51,001$42,976$36,070$30,167$21,911
17 years$56,120$46,970$39,107$32,408$26,748$18,962
18 years$52,450$43,402$35,699$29,206$23,783$16,450
19 years$49,170$40,225$32,681$26,390$21,198$14,299
20 years$46,222$37,379$29,993$23,902$18,935$12,452
21 years$43,558$34,817$27,588$21,692$16,944$10,859
22 years$41,140$32,500$25,426$19,723$15,188$9,483
23 years$38,935$30,397$23,477$17,962$13,634$8,290
24 years$36,917$28,480$21,712$16,383$12,254$7,254
25 years$35,063$26,727$20,110$14,962$11,027$6,354
26 years$33,354$25,119$18,651$13,680$9,933$5,569
27 years$31,775$23,640$17,319$12,522$8,955$4,884
28 years$30,311$22,276$16,100$11,473$8,080$4,286
29 years$28,951$21,015$14,983$10,521$7,296$3,763
30 years$27,684$19,846$13,956$9,655$6,593$3,305
31 years$26,500$18,761$13,010$8,868$5,961$2,904
32 years$25,393$17,752$12,139$8,150$5,392$2,552
33 years$24,356$16,811$11,334$7,494$4,880$2,244
34 years$23,381$15,933$10,590$6,895$4,418$1,974
35 years$22,464$15,113$9,901$6,348$4,001$1,736
36 years$21,600$14,344$9,262$5,846$3,625$1,527
37 years$20,785$13,624$8,669$5,386$3,286$1,344
38 years$20,014$12,947$8,118$4,965$2,979$1,183
39 years$19,284$12,311$7,606$4,578$2,701$1,041
40 years$18,593$11,713$7,129$4,222$2,450$916
41 years$17,938$11,150$6,685$3,896$2,223$807
42 years$17,315$10,619$6,271$3,595$2,017$710
43 years$16,723$10,118$5,884$3,319$1,831$626
44 years$16,159$9,644$5,523$3,064$1,662$551
45 years$15,622$9,197$5,186$2,830$1,509$485
46 years$15,109$8,773$4,871$2,614$1,370$427
47 years$14,620$8,372$4,576$2,415$1,244$376
48 years$14,153$7,993$4,300$2,232$1,129$331
49 years$13,706$7,632$4,042$2,062$1,026$292
50 years$13,278$7,291$3,800$1,906$932$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,600,000, adding $3,028 every year, while hoping to spend $50,156 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: 22/50/28 Blend
61$13,600,000$13,600,000$13,600,000$13,600,000
62$14,990,323$14,269,523$14,058,723$15,186,756
63$16,465,971$14,915,364$14,476,325$16,007,283
64$18,090,453$15,591,171$14,906,235$16,880,085
65$19,878,899$16,298,357$15,348,814$17,812,766
66$21,847,977$17,038,408$15,804,430$18,810,253
67$24,016,057$17,812,876$16,273,464$19,877,924
68$26,403,378$18,623,389$16,756,308$21,021,653
69$29,032,242$19,471,655$17,253,364$22,247,859
70$31,927,226$20,359,462$17,765,047$23,563,558
71$35,115,409$21,288,682$18,291,782$24,976,421
72$38,626,633$22,261,279$18,834,009$26,494,841
73$42,493,779$23,279,312$19,392,178$28,127,998
74$46,753,082$24,344,935$19,966,754$29,885,943
75$51,444,470$25,460,410$20,558,213$31,779,679
76$56,611,940$26,628,104$21,167,047$33,821,258
77$62,303,976$27,850,500$21,793,762$36,023,882
78$68,574,005$29,130,198$22,438,876$38,402,018
79$75,480,900$30,469,924$23,102,925$40,971,525
80$83,089,537$31,872,536$23,786,458$43,749,790
81$91,471,407$33,341,027$24,490,042$46,755,878
82$100,705,290$34,878,537$25,214,258$50,010,703
83$110,877,999$36,488,355$25,959,705$53,537,212
84$122,085,199$38,173,928$26,726,999$57,360,584
85$134,432,308$39,938,870$27,516,772$61,508,456
86$148,035,497$41,786,968$28,329,678$66,011,166
87$163,022,781$43,722,192$29,166,385$70,902,028
88$179,535,229$45,748,704$30,027,583$76,217,624
89$197,728,297$47,870,865$30,913,982$81,998,136
90$217,773,292$50,093,246$31,826,309$88,287,706
91$239,858,994$52,420,641$32,765,316$95,134,830
92$264,193,430$54,858,072$33,731,774$102,592,803
93$291,005,848$57,410,805$34,726,475$110,720,193
94$320,548,869$60,084,359$35,750,237$119,581,379
95$353,100,882$62,884,521$36,803,899$129,247,130
96$388,968,666$65,817,356$37,888,323$139,795,253
97$428,490,285$68,889,222$39,004,397$151,311,301
98$472,038,284$72,106,784$40,153,034$163,889,354
99$520,023,201$75,477,029$41,335,174$177,632,878
100$572,897,447$79,007,282$42,551,780$192,655,679