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%13.2%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,093,648
2 years$568,242$557,659$547,403$537,458$527,812$512,968
3 years$375,065$364,436$354,206$344,355$334,866$320,396
4 years$278,495$267,899$257,771$248,088$238,829$224,846
5 years$220,569$210,036$200,041$190,555$181,554$168,097
6 years$181,964$171,510$161,663$152,389$143,658$130,743
7 years$154,399$144,034$134,343$125,287$116,832$104,465
8 years$133,736$123,464$113,933$105,100$96,923$85,103
9 years$117,672$107,498$98,131$89,522$81,624$70,344
10 years$104,829$94,754$85,552$77,169$69,547$58,800
11 years$94,328$84,354$75,319$67,160$59,813$49,588
12 years$85,583$75,711$66,844$58,908$51,833$42,119
13 years$78,190$68,421$59,720$52,007$45,199$35,983
14 years$71,858$62,193$53,659$46,166$39,621$30,889
15 years$66,375$56,814$48,447$41,172$34,886$26,623
16 years$61,582$52,126$43,924$36,865$30,832$23,024
17 years$57,358$48,006$39,969$33,123$27,338$19,968
18 years$53,607$44,360$36,487$29,851$24,308$17,359
19 years$50,255$41,112$33,402$26,973$21,666$15,123
20 years$47,242$38,203$30,655$24,429$19,352$13,198
21 years$44,519$35,585$28,196$22,171$17,318$11,536
22 years$42,047$33,217$25,987$20,158$15,523$10,097
23 years$39,794$31,067$23,995$18,359$13,935$8,847
24 years$37,731$29,108$22,191$16,744$12,525$7,760
25 years$35,836$27,317$20,553$15,292$11,270$6,813
26 years$34,090$25,673$19,062$13,982$10,152$5,985
27 years$32,476$24,161$17,701$12,798$9,153$5,262
28 years$30,980$22,767$16,455$11,726$8,259$4,629
29 years$29,590$21,478$15,313$10,753$7,457$4,074
30 years$28,294$20,284$14,264$9,868$6,738$3,587
31 years$27,085$19,175$13,297$9,063$6,092$3,159
32 years$25,954$18,144$12,407$8,329$5,511$2,784
33 years$24,893$17,182$11,584$7,660$4,987$2,454
34 years$23,897$16,285$10,824$7,047$4,515$2,163
35 years$22,960$15,446$10,119$6,488$4,090$1,908
36 years$22,076$14,660$9,466$5,975$3,705$1,683
37 years$21,243$13,924$8,860$5,505$3,358$1,484
38 years$20,455$13,233$8,297$5,074$3,045$1,310
39 years$19,710$12,583$7,774$4,679$2,761$1,156
40 years$19,003$11,972$7,286$4,315$2,504$1,020
41 years$18,333$11,396$6,832$3,981$2,272$900
42 years$17,697$10,853$6,409$3,674$2,062$795
43 years$17,091$10,341$6,014$3,392$1,871$702
44 years$16,515$9,857$5,645$3,132$1,698$620
45 years$15,966$9,400$5,301$2,892$1,542$547
46 years$15,442$8,967$4,978$2,672$1,400$483
47 years$14,943$8,557$4,677$2,468$1,271$427
48 years$14,465$8,169$4,395$2,281$1,154$377
49 years$14,008$7,801$4,131$2,108$1,048$333
50 years$13,571$7,452$3,884$1,948$952$294

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 $5,656 every year, while hoping to spend $32,665 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: 47/46/7 Blend
61$13,900,000$13,900,000$13,900,000$13,900,000
62$15,323,634$14,586,934$14,371,484$16,014,782
63$16,851,890$15,266,939$14,818,174$17,169,728
64$18,534,932$15,979,169$15,278,732$18,418,521
65$20,388,516$16,725,168$15,753,590$19,772,977
66$22,430,000$17,506,557$16,243,191$21,242,900
67$24,678,515$18,325,033$16,747,993$22,839,050
68$27,155,138$19,182,374$17,268,465$24,573,238
69$29,883,098$20,080,447$17,805,095$26,458,429
70$32,887,992$21,021,207$18,358,384$28,508,862
71$36,198,025$22,006,703$18,928,847$30,740,171
72$39,844,278$23,039,086$19,517,018$33,169,530
73$43,861,001$24,120,609$20,123,445$35,815,807
74$48,285,937$25,253,633$20,748,694$38,699,731
75$53,160,677$26,440,635$21,393,350$41,844,079
76$58,531,052$27,684,212$22,058,013$45,273,888
77$64,447,567$28,987,086$22,743,304$49,016,673
78$70,965,876$30,352,110$23,449,862$53,102,684
79$78,147,310$31,782,278$24,178,347$57,565,178
80$86,059,451$33,280,725$24,929,437$62,440,722
81$94,776,776$34,850,742$25,703,834$67,769,528
82$104,381,355$36,495,776$26,502,260$73,595,819
83$114,963,628$38,219,443$27,325,460$79,968,238
84$126,623,256$40,025,534$28,174,202$86,940,288
85$139,470,067$41,918,024$29,049,276$94,570,827
86$153,625,086$43,901,080$29,951,500$102,924,611
87$169,221,684$45,979,072$30,881,713$112,072,886
88$186,406,829$48,156,580$31,840,785$122,094,047
89$205,342,483$50,438,409$32,829,608$133,074,362
90$226,207,120$52,829,596$33,849,104$145,108,770
91$249,197,422$55,335,421$34,900,225$158,301,755
92$274,530,125$57,961,423$35,983,949$172,768,319
93$302,444,073$60,713,408$37,101,286$188,635,042
94$333,202,468$63,597,465$38,253,278$206,041,260
95$367,095,356$66,619,976$39,440,999$225,140,359
96$404,442,365$69,787,638$40,665,555$246,101,198
97$445,595,721$73,107,467$41,928,087$269,109,678
98$490,943,578$76,586,827$43,229,771$294,370,476
99$540,913,675$80,233,433$44,571,820$322,108,948
100$595,977,378$84,055,379$45,955,484$352,573,229