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

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,052,440
2 years$560,066$549,635$539,526$529,725$520,218$480,347
3 years$369,668$359,193$349,109$339,400$330,048$291,577
4 years$274,488$264,045$254,062$244,518$235,393$198,615
5 years$217,395$207,014$197,163$187,814$178,942$143,953
6 years$179,346$169,043$159,337$150,196$141,591$108,417
7 years$152,178$141,962$132,410$123,484$115,151$83,783
8 years$131,811$121,687$112,294$103,588$95,529$65,939
9 years$115,979$105,951$96,719$88,234$80,449$52,598
10 years$103,321$93,390$84,321$76,059$68,547$42,384
11 years$92,971$83,140$74,235$66,194$58,952$34,423
12 years$84,352$74,622$65,882$58,061$51,087$28,130
13 years$77,065$67,437$58,861$51,259$44,549$23,100
14 years$70,824$61,298$52,887$45,502$39,051$19,045
15 years$65,420$55,997$47,750$40,580$34,384$15,751
16 years$60,696$51,376$43,292$36,335$30,388$13,061
17 years$56,533$47,315$39,394$32,647$26,945$10,853
18 years$52,836$43,721$35,962$29,421$23,958$9,035
19 years$49,532$40,521$32,921$26,584$21,354$7,532
20 years$46,562$37,654$30,214$24,077$19,074$6,286
21 years$43,878$35,073$27,791$21,852$17,069$5,252
22 years$41,442$32,739$25,613$19,868$15,300$4,391
23 years$39,221$30,620$23,649$18,094$13,734$3,674
24 years$37,188$28,689$21,872$16,503$12,345$3,076
25 years$35,321$26,924$20,258$15,072$11,108$2,576
26 years$33,600$25,304$18,788$13,781$10,006$2,159
27 years$32,009$23,814$17,446$12,614$9,021$1,809
28 years$30,534$22,440$16,219$11,557$8,140$1,517
29 years$29,164$21,169$15,093$10,598$7,350$1,272
30 years$27,887$19,992$14,058$9,726$6,641$1,067
31 years$26,695$18,899$13,106$8,933$6,004$895
32 years$25,580$17,882$12,228$8,210$5,431$751
33 years$24,535$16,935$11,418$7,549$4,915$630
34 years$23,553$16,051$10,668$6,946$4,450$529
35 years$22,629$15,224$9,974$6,394$4,031$444
36 years$21,759$14,449$9,330$5,889$3,652$373
37 years$20,937$13,724$8,733$5,426$3,310$313
38 years$20,161$13,042$8,178$5,001$3,001$263
39 years$19,426$12,402$7,662$4,611$2,721$220
40 years$18,730$11,800$7,182$4,253$2,468$185
41 years$18,070$11,232$6,734$3,924$2,239$155
42 years$17,442$10,697$6,317$3,622$2,032$130
43 years$16,845$10,192$5,927$3,343$1,844$109
44 years$16,278$9,715$5,564$3,087$1,674$92
45 years$15,736$9,264$5,224$2,851$1,520$77
46 years$15,220$8,838$4,907$2,633$1,380$65
47 years$14,728$8,434$4,610$2,433$1,253$54
48 years$14,257$8,051$4,332$2,248$1,138$46
49 years$13,807$7,689$4,072$2,078$1,033$38
50 years$13,376$7,344$3,828$1,920$939$32

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 $4,388 every year, while hoping to spend $27,338 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: 61/15/24 Blend
61$13,700,000$13,700,000$13,700,000$13,700,000
62$15,101,926$14,375,826$14,163,476$15,926,610
63$16,613,235$15,051,154$14,608,865$17,161,889
64$18,277,782$15,758,657$15,068,259$18,506,174
65$20,111,167$16,499,883$15,542,096$19,972,848
66$22,130,582$17,276,453$16,030,833$21,573,835
67$24,354,972$18,090,070$16,534,937$23,322,253
68$26,805,213$18,942,517$17,054,890$25,232,536
69$29,504,308$19,835,664$17,591,193$27,320,566
70$32,477,607$20,771,471$18,144,358$29,603,819
71$35,753,044$21,751,995$18,714,915$32,101,529
72$39,361,402$22,779,390$19,303,412$34,834,861
73$43,336,601$23,855,916$19,910,412$37,827,115
74$47,716,021$24,983,942$20,536,497$41,103,935
75$52,540,852$26,165,953$21,182,268$44,693,550
76$57,856,488$27,404,553$21,848,342$48,627,036
77$63,712,947$28,702,473$22,535,359$52,938,606
78$70,165,350$30,062,577$23,243,976$57,665,928
79$77,274,439$31,487,867$23,974,873$62,850,475
80$85,107,151$32,981,491$24,728,750$68,537,910
81$93,737,246$34,546,750$25,506,329$74,778,518
82$103,246,011$36,187,106$26,308,356$81,627,669
83$113,723,017$37,906,188$27,135,599$89,146,337
84$125,266,974$39,707,801$27,988,852$97,401,673
85$137,986,658$41,595,935$28,868,930$106,467,628
86$152,001,937$43,574,776$29,776,679$116,425,647
87$167,444,904$45,648,709$30,712,967$127,365,434
88$184,461,125$47,822,337$31,678,693$139,385,787
89$203,211,011$50,100,483$32,674,780$152,595,526
90$223,871,333$52,488,206$33,702,185$167,114,512
91$246,636,892$54,990,810$34,761,890$183,074,774
92$271,722,354$57,613,859$35,854,912$200,621,743
93$299,364,280$60,363,184$36,982,299$219,915,617
94$329,823,360$63,244,904$38,145,129$241,132,867
95$363,386,870$66,265,431$39,344,518$264,467,892
96$400,371,386$69,431,492$40,581,614$290,134,844
97$441,125,772$72,750,140$41,857,603$318,369,641
98$486,034,476$76,228,772$43,173,708$349,432,184
99$535,521,155$79,875,144$44,531,190$383,608,796
100$590,052,677$83,697,390$45,931,348$421,214,918