Can I retire at age 62 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,089,595
2 years$568,242$557,659$547,403$537,458$527,812$508,919
3 years$375,065$364,436$354,206$344,355$334,866$316,478
4 years$278,495$267,899$257,771$248,088$238,829$221,088
5 years$220,569$210,036$200,041$190,555$181,554$164,511
6 years$181,964$171,510$161,663$152,389$143,658$127,332
7 years$154,399$144,034$134,343$125,287$116,832$101,229
8 years$133,736$123,464$113,933$105,100$96,923$82,040
9 years$117,672$107,498$98,131$89,522$81,624$67,451
10 years$104,829$94,754$85,552$77,169$69,547$56,073
11 years$94,328$84,354$75,319$67,160$59,813$47,023
12 years$85,583$75,711$66,844$58,908$51,833$39,710
13 years$78,190$68,421$59,720$52,007$45,199$33,726
14 years$71,858$62,193$53,659$46,166$39,621$28,777
15 years$66,375$56,814$48,447$41,172$34,886$24,651
16 years$61,582$52,126$43,924$36,865$30,832$21,184
17 years$57,358$48,006$39,969$33,123$27,338$18,255
18 years$53,607$44,360$36,487$29,851$24,308$15,768
19 years$50,255$41,112$33,402$26,973$21,666$13,646
20 years$47,242$38,203$30,655$24,429$19,352$11,830
21 years$44,519$35,585$28,196$22,171$17,318$10,270
22 years$42,047$33,217$25,987$20,158$15,523$8,928
23 years$39,794$31,067$23,995$18,359$13,935$7,769
24 years$37,731$29,108$22,191$16,744$12,525$6,766
25 years$35,836$27,317$20,553$15,292$11,270$5,898
26 years$34,090$25,673$19,062$13,982$10,152$5,145
27 years$32,476$24,161$17,701$12,798$9,153$4,490
28 years$30,980$22,767$16,455$11,726$8,259$3,921
29 years$29,590$21,478$15,313$10,753$7,457$3,426
30 years$28,294$20,284$14,264$9,868$6,738$2,994
31 years$27,085$19,175$13,297$9,063$6,092$2,618
32 years$25,954$18,144$12,407$8,329$5,511$2,290
33 years$24,893$17,182$11,584$7,660$4,987$2,003
34 years$23,897$16,285$10,824$7,047$4,515$1,753
35 years$22,960$15,446$10,119$6,488$4,090$1,534
36 years$22,076$14,660$9,466$5,975$3,705$1,343
37 years$21,243$13,924$8,860$5,505$3,358$1,176
38 years$20,455$13,233$8,297$5,074$3,045$1,029
39 years$19,710$12,583$7,774$4,679$2,761$901
40 years$19,003$11,972$7,286$4,315$2,504$789
41 years$18,333$11,396$6,832$3,981$2,272$691
42 years$17,697$10,853$6,409$3,674$2,062$606
43 years$17,091$10,341$6,014$3,392$1,871$531
44 years$16,515$9,857$5,645$3,132$1,698$465
45 years$15,966$9,400$5,301$2,892$1,542$407
46 years$15,442$8,967$4,978$2,672$1,400$357
47 years$14,943$8,557$4,677$2,468$1,271$313
48 years$14,465$8,169$4,395$2,281$1,154$274
49 years$14,008$7,801$4,131$2,108$1,048$240
50 years$13,571$7,452$3,884$1,948$952$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,900,000, adding $3,420 every year, while hoping to spend $32,151 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: 42/39/19 Blend
61$13,900,000$13,900,000$13,900,000$13,900,000
62$15,321,328$14,584,628$14,369,178$15,879,403
63$16,849,895$15,265,066$14,816,337$16,955,643
64$18,533,298$15,977,768$15,277,398$18,116,973
65$20,387,297$16,724,281$15,752,793$19,373,911
66$22,429,257$17,506,227$16,242,968$20,735,245
67$24,678,315$18,325,306$16,748,381$22,210,618
68$27,155,556$19,183,299$17,269,505$23,810,613
69$29,884,218$20,082,076$17,806,829$25,546,843
70$32,889,906$21,023,595$18,360,855$27,432,060
71$36,200,834$22,009,909$18,932,101$29,480,265
72$39,848,097$23,043,172$19,521,104$31,706,836
73$43,865,956$24,125,641$20,128,414$34,128,662
74$48,292,167$25,259,680$20,754,599$36,764,298
75$53,168,335$26,447,773$21,400,246$39,634,131
76$58,540,310$27,692,518$22,065,959$42,760,562
77$64,458,613$28,996,643$22,752,360$46,168,216
78$70,978,920$30,363,007$23,460,092$49,884,155
79$78,162,582$31,794,606$24,189,818$53,938,133
80$86,077,208$33,294,585$24,942,219$58,362,861
81$94,797,300$34,866,236$25,718,000$63,194,307
82$104,404,958$36,513,015$26,517,887$68,472,028
83$114,990,655$38,238,544$27,342,627$74,239,526
84$126,654,090$40,046,620$28,192,993$80,544,651
85$139,505,127$41,941,225$29,069,779$87,440,038
86$153,664,839$43,926,534$29,973,805$94,983,594
87$169,266,642$46,006,924$30,905,917$103,239,025
88$186,457,561$48,186,985$31,866,987$112,276,430
89$205,399,614$50,471,528$32,857,913$122,172,943
90$226,271,343$52,865,601$33,879,621$133,013,445
91$249,269,499$55,374,495$34,933,067$144,891,355
92$274,610,898$58,003,755$36,019,235$157,909,486
93$302,534,472$60,759,201$37,139,142$172,181,005
94$333,303,518$63,646,932$38,293,833$187,830,477
95$367,208,188$66,673,343$39,484,387$204,995,025
96$404,568,227$69,845,141$40,711,918$223,825,603
97$445,735,992$73,169,358$41,977,573$244,488,397
98$491,099,775$76,653,369$43,282,534$267,166,374
99$541,087,474$80,304,906$44,628,021$292,060,986
100$596,170,628$84,132,078$46,015,291$319,394,042