Can I retire at age 62 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,050,773
2 years$560,066$549,635$539,526$529,725$520,218$478,712
3 years$369,668$359,193$349,109$339,400$330,048$290,026
4 years$274,488$264,045$254,062$244,518$235,393$197,161
5 years$217,395$207,014$197,163$187,814$178,942$142,598
6 years$179,346$169,043$159,337$150,196$141,591$107,160
7 years$152,178$141,962$132,410$123,484$115,151$82,622
8 years$131,811$121,687$112,294$103,588$95,529$64,872
9 years$115,979$105,951$96,719$88,234$80,449$51,619
10 years$103,321$93,390$84,321$76,059$68,547$41,490
11 years$92,971$83,140$74,235$66,194$58,952$33,609
12 years$84,352$74,622$65,882$58,061$51,087$27,392
13 years$77,065$67,437$58,861$51,259$44,549$22,433
14 years$70,824$61,298$52,887$45,502$39,051$18,443
15 years$65,420$55,997$47,750$40,580$34,384$15,210
16 years$60,696$51,376$43,292$36,335$30,388$12,576
17 years$56,533$47,315$39,394$32,647$26,945$10,419
18 years$52,836$43,721$35,962$29,421$23,958$8,647
19 years$49,532$40,521$32,921$26,584$21,354$7,187
20 years$46,562$37,654$30,214$24,077$19,074$5,980
21 years$43,878$35,073$27,791$21,852$17,069$4,980
22 years$41,442$32,739$25,613$19,868$15,300$4,151
23 years$39,221$30,620$23,649$18,094$13,734$3,462
24 years$37,188$28,689$21,872$16,503$12,345$2,889
25 years$35,321$26,924$20,258$15,072$11,108$2,412
26 years$33,600$25,304$18,788$13,781$10,006$2,015
27 years$32,009$23,814$17,446$12,614$9,021$1,683
28 years$30,534$22,440$16,219$11,557$8,140$1,407
29 years$29,164$21,169$15,093$10,598$7,350$1,176
30 years$27,887$19,992$14,058$9,726$6,641$983
31 years$26,695$18,899$13,106$8,933$6,004$822
32 years$25,580$17,882$12,228$8,210$5,431$687
33 years$24,535$16,935$11,418$7,549$4,915$575
34 years$23,553$16,051$10,668$6,946$4,450$481
35 years$22,629$15,224$9,974$6,394$4,031$402
36 years$21,759$14,449$9,330$5,889$3,652$337
37 years$20,937$13,724$8,733$5,426$3,310$282
38 years$20,161$13,042$8,178$5,001$3,001$236
39 years$19,426$12,402$7,662$4,611$2,721$197
40 years$18,730$11,800$7,182$4,253$2,468$165
41 years$18,070$11,232$6,734$3,924$2,239$138
42 years$17,442$10,697$6,317$3,622$2,032$115
43 years$16,845$10,192$5,927$3,343$1,844$97
44 years$16,278$9,715$5,564$3,087$1,674$81
45 years$15,736$9,264$5,224$2,851$1,520$68
46 years$15,220$8,838$4,907$2,633$1,380$57
47 years$14,728$8,434$4,610$2,433$1,253$47
48 years$14,257$8,051$4,332$2,248$1,138$40
49 years$13,807$7,689$4,072$2,078$1,033$33
50 years$13,376$7,344$3,828$1,920$939$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,700,000, adding $4,936 every year, while hoping to spend $46,209 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: 54/26/20 Blend
61$13,700,000$13,700,000$13,700,000$13,700,000
62$15,102,491$14,376,391$14,164,041$15,835,536
63$16,593,780$15,031,669$14,589,371$16,993,650
64$18,235,630$15,717,506$15,027,400$18,248,394
65$20,043,352$16,435,351$15,478,506$19,613,281
66$22,033,814$17,186,723$15,943,076$21,098,844
67$24,225,603$17,973,213$16,421,509$22,716,660
68$26,639,202$18,796,487$16,914,216$24,479,457
69$29,297,179$19,658,293$17,421,621$26,401,230
70$32,224,404$20,560,463$17,944,158$28,497,369
71$35,448,282$21,504,914$18,482,276$30,784,796
72$38,999,010$22,493,659$19,036,436$33,282,126
73$42,909,866$23,528,804$19,607,113$36,009,835
74$47,217,517$24,612,560$20,194,796$38,990,447
75$51,962,369$25,747,242$20,799,987$42,248,743
76$57,188,950$26,935,276$21,423,206$45,811,988
77$62,946,324$28,179,205$22,064,985$49,710,184
78$69,288,560$29,481,697$22,725,872$53,976,346
79$76,275,238$30,845,545$23,406,433$58,646,810
80$83,972,012$32,273,677$24,107,249$63,761,564
81$92,451,234$33,769,164$24,828,919$69,364,623
82$101,792,630$35,335,223$25,572,058$75,504,436
83$112,084,057$36,975,227$26,337,300$82,234,337
84$123,422,329$38,692,711$27,125,298$89,613,036
85$135,914,134$40,491,382$27,936,723$97,705,172
86$149,677,040$42,375,124$28,772,267$106,581,909
87$164,840,601$44,348,008$29,632,642$116,321,600
88$181,547,586$46,414,304$30,518,578$127,010,520
89$199,955,320$48,578,485$31,430,831$138,743,667
90$220,237,174$50,845,242$32,370,175$151,625,649
91$242,584,199$53,219,492$33,337,410$165,771,663
92$267,206,930$55,706,390$34,333,356$181,308,572
93$294,337,373$58,311,339$35,358,859$198,376,085
94$324,231,194$61,040,004$36,414,789$217,128,069
95$357,170,134$63,898,322$37,502,043$237,733,988
96$393,464,667$66,892,520$38,621,541$260,380,488
97$433,456,933$70,029,123$39,774,233$285,273,146
98$477,523,965$73,314,975$40,961,095$312,638,394
99$526,081,248$76,757,248$42,183,130$342,725,644
100$579,586,645$80,363,462$43,441,374$375,809,625