Can I retire at age 62 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,079,538
2 years$564,154$553,647$543,464$533,591$524,015$503,047
3 years$372,367$361,815$351,657$341,877$332,457$312,067
4 years$276,492$265,972$255,917$246,303$237,111$217,457
5 years$218,982$208,525$198,602$189,185$180,248$161,386
6 years$180,655$170,277$160,500$151,292$142,624$124,575
7 years$153,289$142,998$133,376$124,386$115,992$98,759
8 years$132,774$122,576$113,113$104,344$96,226$79,807
9 years$116,826$106,724$97,425$88,878$81,036$65,419
10 years$104,075$94,072$84,937$76,614$69,047$54,218
11 years$93,649$83,747$74,777$66,677$59,383$45,324
12 years$84,967$75,167$66,363$58,485$51,460$38,152
13 years$77,627$67,929$59,291$51,633$44,874$32,296
14 years$71,341$61,745$53,273$45,834$39,336$27,464
15 years$65,897$56,405$48,098$40,876$34,635$23,445
16 years$61,139$51,751$43,608$36,600$30,610$20,077
17 years$56,945$47,661$39,682$32,885$27,141$17,240
18 years$53,221$44,041$36,224$29,636$24,133$14,837
19 years$49,893$40,816$33,162$26,779$21,510$12,793
20 years$46,902$37,929$30,434$24,253$19,213$11,049
21 years$44,199$35,329$27,994$22,011$17,194$9,556
22 years$41,745$32,978$25,800$20,013$15,412$8,275
23 years$39,507$30,844$23,822$18,226$13,834$7,173
24 years$37,460$28,899$22,031$16,624$12,435$6,223
25 years$35,579$27,120$20,405$15,182$11,189$5,403
26 years$33,845$25,489$18,925$13,881$10,079$4,694
27 years$32,243$23,988$17,574$12,706$9,087$4,080
28 years$30,757$22,603$16,337$11,641$8,199$3,549
29 years$29,377$21,324$15,203$10,675$7,404$3,088
30 years$28,091$20,138$14,161$9,797$6,690$2,688
31 years$26,890$19,037$13,202$8,998$6,048$2,340
32 years$25,767$18,013$12,318$8,269$5,471$2,038
33 years$24,714$17,059$11,501$7,604$4,951$1,776
34 years$23,725$16,168$10,746$6,997$4,483$1,547
35 years$22,794$15,335$10,047$6,441$4,060$1,348
36 years$21,918$14,555$9,398$5,932$3,679$1,175
37 years$21,090$13,824$8,797$5,465$3,334$1,025
38 years$20,308$13,138$8,238$5,038$3,023$893
39 years$19,568$12,493$7,718$4,645$2,741$779
40 years$18,867$11,886$7,234$4,284$2,486$679
41 years$18,201$11,314$6,783$3,953$2,256$592
42 years$17,569$10,775$6,363$3,648$2,047$517
43 years$16,968$10,266$5,971$3,367$1,858$451
44 years$16,396$9,786$5,604$3,109$1,686$393
45 years$15,851$9,332$5,262$2,872$1,531$343
46 years$15,331$8,902$4,943$2,652$1,390$299
47 years$14,835$8,496$4,643$2,451$1,262$261
48 years$14,361$8,110$4,364$2,264$1,146$228
49 years$13,908$7,745$4,101$2,093$1,041$199
50 years$13,474$7,398$3,856$1,934$945$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,800,000, adding $6,464 every year, while hoping to spend $29,267 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: 78/9/13 Blend
61$13,800,000$13,800,000$13,800,000$13,800,000
62$15,214,268$14,482,868$14,268,968$16,361,422
63$16,734,983$15,161,388$14,715,838$17,796,006
64$18,409,831$15,872,176$15,176,698$19,364,748
65$20,254,501$16,616,780$15,651,985$21,084,598
66$22,286,284$17,396,826$16,142,150$22,970,629
67$24,524,232$18,214,017$16,647,659$25,039,444
68$26,989,340$19,070,141$17,168,993$27,309,321
69$29,704,744$19,967,069$17,706,645$29,800,390
70$32,695,938$20,906,765$18,261,128$32,534,819
71$35,991,014$21,891,288$18,832,966$35,537,021
72$39,620,932$22,922,795$19,422,705$38,833,883
73$43,619,804$24,003,549$20,030,902$42,455,016
74$48,025,223$25,135,922$20,658,137$46,433,036
75$52,878,616$26,322,402$21,305,005$50,803,866
76$58,225,632$27,565,597$21,972,119$55,607,072
77$64,116,575$28,868,240$22,660,114$60,886,239
78$70,606,880$30,233,198$23,369,642$66,689,374
79$77,757,634$31,663,477$24,101,377$73,069,359
80$85,636,154$33,162,229$24,856,015$80,084,448
81$94,316,621$34,732,757$25,634,271$87,798,814
82$103,880,782$36,378,528$26,436,884$96,283,147
83$114,418,719$38,103,172$27,264,617$105,615,326
84$126,029,701$39,910,501$28,118,254$115,881,144
85$138,823,122$41,804,507$28,998,608$127,175,116
86$152,919,531$43,789,379$29,906,512$139,601,370
87$168,451,773$45,869,508$30,842,829$153,274,624
88$185,566,238$48,049,498$31,808,448$168,321,265
89$204,424,249$50,334,178$32,804,286$184,880,537
90$225,203,579$52,728,610$33,831,287$203,105,854
91$248,100,136$55,238,103$34,890,426$223,166,240
92$273,329,803$57,868,224$35,982,709$245,247,923
93$301,130,486$60,624,809$37,109,172$269,556,085
94$331,764,351$63,513,980$38,270,885$296,316,798
95$365,520,304$66,542,155$39,468,949$325,779,148
96$402,716,719$69,716,064$40,704,502$358,217,584
97$443,704,438$73,042,765$41,978,717$393,934,499
98$488,870,088$76,529,658$43,292,802$433,263,086
99$538,639,731$80,184,505$44,648,005$476,570,469
100$593,482,882$84,015,444$46,045,611$524,261,167