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%15.3%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,076,453
2 years$564,154$553,647$543,464$533,591$524,015$499,978
3 years$372,367$361,815$351,657$341,877$332,457$309,112
4 years$276,492$265,972$255,917$246,303$237,111$214,637
5 years$218,982$208,525$198,602$189,185$180,248$158,709
6 years$180,655$170,277$160,500$151,292$142,624$122,043
7 years$153,289$142,998$133,376$124,386$115,992$96,372
8 years$132,774$122,576$113,113$104,344$96,226$77,561
9 years$116,826$106,724$97,425$88,878$81,036$63,313
10 years$104,075$94,072$84,937$76,614$69,047$52,246
11 years$93,649$83,747$74,777$66,677$59,383$43,483
12 years$84,967$75,167$66,363$58,485$51,460$36,436
13 years$77,627$67,929$59,291$51,633$44,874$30,700
14 years$71,341$61,745$53,273$45,834$39,336$25,983
15 years$65,897$56,405$48,098$40,876$34,635$22,073
16 years$61,139$51,751$43,608$36,600$30,610$18,810
17 years$56,945$47,661$39,682$32,885$27,141$16,070
18 years$53,221$44,041$36,224$29,636$24,133$13,760
19 years$49,893$40,816$33,162$26,779$21,510$11,803
20 years$46,902$37,929$30,434$24,253$19,213$10,140
21 years$44,199$35,329$27,994$22,011$17,194$8,723
22 years$41,745$32,978$25,800$20,013$15,412$7,513
23 years$39,507$30,844$23,822$18,226$13,834$6,477
24 years$37,460$28,899$22,031$16,624$12,435$5,588
25 years$35,579$27,120$20,405$15,182$11,189$4,825
26 years$33,845$25,489$18,925$13,881$10,079$4,169
27 years$32,243$23,988$17,574$12,706$9,087$3,603
28 years$30,757$22,603$16,337$11,641$8,199$3,116
29 years$29,377$21,324$15,203$10,675$7,404$2,696
30 years$28,091$20,138$14,161$9,797$6,690$2,333
31 years$26,890$19,037$13,202$8,998$6,048$2,020
32 years$25,767$18,013$12,318$8,269$5,471$1,749
33 years$24,714$17,059$11,501$7,604$4,951$1,515
34 years$23,725$16,168$10,746$6,997$4,483$1,312
35 years$22,794$15,335$10,047$6,441$4,060$1,137
36 years$21,918$14,555$9,398$5,932$3,679$985
37 years$21,090$13,824$8,797$5,465$3,334$854
38 years$20,308$13,138$8,238$5,038$3,023$740
39 years$19,568$12,493$7,718$4,645$2,741$641
40 years$18,867$11,886$7,234$4,284$2,486$556
41 years$18,201$11,314$6,783$3,953$2,256$482
42 years$17,569$10,775$6,363$3,648$2,047$418
43 years$16,968$10,266$5,971$3,367$1,858$362
44 years$16,396$9,786$5,604$3,109$1,686$314
45 years$15,851$9,332$5,262$2,872$1,531$272
46 years$15,331$8,902$4,943$2,652$1,390$236
47 years$14,835$8,496$4,643$2,451$1,262$205
48 years$14,361$8,110$4,364$2,264$1,146$178
49 years$13,908$7,745$4,101$2,093$1,041$154
50 years$13,474$7,398$3,856$1,934$945$134

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 $4,735 every year, while hoping to spend $40,676 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: 75/8/17 Blend
61$13,800,000$13,800,000$13,800,000$13,800,000
62$15,212,484$14,481,084$14,267,184$16,294,623
63$16,720,879$15,147,378$14,701,856$17,677,744
64$18,381,766$15,844,958$15,149,726$19,187,814
65$20,210,658$16,575,312$15,611,193$20,841,883
66$22,224,646$17,340,003$16,086,669$22,654,280
67$24,442,564$18,140,668$16,576,577$24,640,785
68$26,885,167$18,979,023$17,081,354$26,818,771
69$29,575,324$19,856,864$17,601,449$29,207,369
70$32,538,234$20,776,078$18,137,325$31,827,647
71$35,801,668$21,738,639$18,689,459$34,702,806
72$39,396,224$22,746,619$19,258,342$37,858,397
73$43,355,623$23,802,187$19,844,481$41,322,560
74$47,717,022$24,907,620$20,448,396$45,126,289
75$52,521,366$26,065,300$21,070,625$49,303,719
76$57,813,774$27,277,730$21,711,720$53,892,450
77$63,643,969$28,547,528$22,372,252$58,933,895
78$70,066,738$29,877,441$23,052,807$64,473,672
79$77,142,460$31,270,350$23,753,990$70,562,030
80$84,937,665$32,729,272$24,476,424$77,254,320
81$93,525,672$34,257,371$25,220,749$84,611,519
82$102,987,273$35,857,965$25,987,626$92,700,796
83$113,411,500$37,534,530$26,777,737$101,596,147
84$124,896,463$39,290,712$27,591,781$111,379,089
85$137,550,277$41,130,332$28,430,481$122,139,428
86$151,492,083$43,057,396$29,294,580$133,976,101
87$166,853,172$45,076,104$30,184,844$146,998,105
88$183,778,221$47,190,860$31,102,062$161,325,526
89$202,426,666$49,406,278$32,047,047$177,090,668
90$222,974,198$51,727,198$33,020,636$194,439,292
91$245,614,429$54,158,693$34,023,690$213,531,997
92$270,560,715$56,706,083$35,057,098$234,545,724
93$298,048,171$59,374,944$36,121,773$257,675,423
94$328,335,890$62,171,122$37,218,659$283,135,894
95$361,709,392$65,100,748$38,348,724$311,163,801
96$398,483,312$68,170,247$39,512,969$342,019,907
97$439,004,379$71,386,358$40,712,422$375,991,530
98$483,654,681$74,756,145$41,948,144$413,395,244
99$532,855,277$78,287,015$43,221,226$454,579,869
100$587,070,171$81,986,734$44,532,792$499,929,753