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

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,068,277
2 years$555,978$545,623$535,588$525,858$516,421$500,130
3 years$366,970$356,571$346,561$336,922$327,638$311,769
4 years$272,485$262,117$252,208$242,734$233,674$218,350
5 years$215,808$205,503$195,723$186,443$177,636$162,900
6 years$178,036$167,809$158,174$149,100$140,557$126,427
7 years$151,067$140,926$131,443$122,583$114,310$100,791
8 years$130,849$120,799$111,474$102,832$94,832$81,921
9 years$115,133$105,177$96,013$87,590$79,862$67,553
10 years$102,567$92,709$83,706$75,503$68,046$56,330
11 years$92,292$82,533$73,693$65,711$58,522$47,387
12 years$83,736$74,077$65,401$57,637$50,714$40,146
13 years$76,502$66,944$58,431$50,885$44,224$34,208
14 years$70,307$60,850$52,501$45,170$38,766$29,287
15 years$64,942$55,588$47,401$40,284$34,133$25,174
16 years$60,253$51,001$42,976$36,070$30,167$21,710
17 years$56,120$46,970$39,107$32,408$26,748$18,775
18 years$52,450$43,402$35,699$29,206$23,783$16,275
19 years$49,170$40,225$32,681$26,390$21,198$14,137
20 years$46,222$37,379$29,993$23,902$18,935$12,301
21 years$43,558$34,817$27,588$21,692$16,944$10,720
22 years$41,140$32,500$25,426$19,723$15,188$9,354
23 years$38,935$30,397$23,477$17,962$13,634$8,171
24 years$36,917$28,480$21,712$16,383$12,254$7,145
25 years$35,063$26,727$20,110$14,962$11,027$6,253
26 years$33,354$25,119$18,651$13,680$9,933$5,476
27 years$31,775$23,640$17,319$12,522$8,955$4,799
28 years$30,311$22,276$16,100$11,473$8,080$4,208
29 years$28,951$21,015$14,983$10,521$7,296$3,691
30 years$27,684$19,846$13,956$9,655$6,593$3,239
31 years$26,500$18,761$13,010$8,868$5,961$2,844
32 years$25,393$17,752$12,139$8,150$5,392$2,498
33 years$24,356$16,811$11,334$7,494$4,880$2,194
34 years$23,381$15,933$10,590$6,895$4,418$1,928
35 years$22,464$15,113$9,901$6,348$4,001$1,694
36 years$21,600$14,344$9,262$5,846$3,625$1,489
37 years$20,785$13,624$8,669$5,386$3,286$1,310
38 years$20,014$12,947$8,118$4,965$2,979$1,152
39 years$19,284$12,311$7,606$4,578$2,701$1,013
40 years$18,593$11,713$7,129$4,222$2,450$891
41 years$17,938$11,150$6,685$3,896$2,223$784
42 years$17,315$10,619$6,271$3,595$2,017$689
43 years$16,723$10,118$5,884$3,319$1,831$606
44 years$16,159$9,644$5,523$3,064$1,662$534
45 years$15,622$9,197$5,186$2,830$1,509$469
46 years$15,109$8,773$4,871$2,614$1,370$413
47 years$14,620$8,372$4,576$2,415$1,244$364
48 years$14,153$7,993$4,300$2,232$1,129$320
49 years$13,706$7,632$4,042$2,062$1,026$282
50 years$13,278$7,291$3,800$1,906$932$248

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 $2,758 every year, while hoping to spend $46,507 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: 60/18/22 Blend
61$13,600,000$13,600,000$13,600,000$13,600,000
62$14,990,045$14,269,245$14,058,445$15,801,985
63$16,469,546$14,918,955$14,479,920$17,002,790
64$18,098,398$15,598,942$14,913,955$18,306,989
65$19,891,785$16,310,640$15,360,923$19,728,911
66$21,866,439$17,055,554$15,821,206$21,279,990
67$24,040,797$17,835,257$16,295,198$22,972,803
68$26,435,175$18,651,401$16,783,303$24,821,187
69$29,071,960$19,505,716$17,285,940$26,840,366
70$31,975,818$20,400,015$17,803,538$29,047,091
71$35,173,934$21,336,198$18,336,539$31,459,793
72$38,696,260$22,316,257$18,885,398$34,098,758
73$42,575,803$23,342,277$19,450,583$36,986,310
74$46,848,933$24,416,447$20,032,576$40,147,021
75$51,555,730$25,541,059$20,631,873$43,607,937
76$56,740,359$26,718,516$21,248,985$47,398,829
77$62,451,488$27,951,335$21,884,438$51,552,471
78$68,742,745$29,242,156$22,538,773$56,104,946
79$75,673,229$30,593,745$23,212,545$61,095,976
80$83,308,062$32,009,002$23,906,329$66,569,300
81$91,719,006$33,490,966$24,620,713$72,573,075
82$100,985,144$35,042,822$25,356,306$79,160,329
83$111,193,617$36,667,908$26,113,730$86,389,454
84$122,440,456$38,369,726$26,893,631$94,324,751
85$134,831,483$40,151,943$27,696,668$103,037,034
86$148,483,311$42,018,406$28,523,523$112,604,289
87$163,524,445$43,973,143$29,374,897$123,112,403
88$180,096,493$46,020,382$30,251,511$134,655,971
89$198,355,505$48,164,551$31,154,106$147,339,177
90$218,473,446$50,410,293$32,083,448$161,276,775
91$240,639,815$52,762,475$33,040,321$176,595,160
92$265,063,440$55,226,200$34,025,536$193,433,557
93$291,974,442$57,806,815$35,039,923$211,945,321
94$321,626,415$60,509,929$36,084,340$232,299,382
95$354,298,812$63,341,418$37,159,668$254,681,826
96$390,299,588$66,307,445$38,266,814$279,297,642
97$429,968,106$69,414,470$39,406,713$306,372,649
98$473,678,339$72,669,264$40,580,323$336,155,615
99$521,842,400$76,078,929$41,788,635$368,920,596
100$574,914,435$79,650,906$43,032,664$404,969,510