Can I retire at age 62 with 14,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,090,721
2 years$572,330$561,671$551,341$541,325$531,609$505,900
3 years$377,763$367,058$356,754$346,832$337,275$312,318
4 years$280,499$269,827$259,625$249,873$240,547$216,536
5 years$222,156$211,547$201,480$191,926$182,860$159,861
6 years$183,273$172,744$162,826$153,485$144,691$122,728
7 years$155,510$145,070$135,309$126,189$117,673$96,749
8 years$134,698$124,352$114,753$105,856$97,621$77,729
9 years$118,519$108,271$98,837$90,166$82,211$63,335
10 years$105,583$95,436$86,168$77,724$70,048$52,168
11 years$95,006$84,961$75,861$67,643$60,243$43,335
12 years$86,199$76,256$67,325$59,332$52,206$36,241
13 years$78,752$68,913$60,150$52,381$45,524$30,475
14 years$72,375$62,640$54,045$46,498$39,906$25,740
15 years$66,852$57,223$48,795$41,468$35,137$21,821
16 years$62,025$52,501$44,240$37,130$31,054$18,555
17 years$57,770$48,351$40,257$33,361$27,535$15,818
18 years$53,993$44,679$36,749$30,065$24,482$13,514
19 years$50,616$41,408$33,642$27,167$21,822$11,566
20 years$47,582$38,478$30,875$24,605$19,492$9,915
21 years$44,839$35,841$28,399$22,330$17,443$8,510
22 years$42,350$33,456$26,174$20,303$15,635$7,312
23 years$40,080$31,291$24,167$18,491$14,035$6,289
24 years$38,003$29,318$22,351$16,865$12,615$5,413
25 years$36,094$27,513$20,701$15,402$11,351$4,663
26 years$34,335$25,858$19,199$14,082$10,225$4,019
27 years$32,710$24,335$17,828$12,890$9,219$3,465
28 years$31,203$22,931$16,574$11,810$8,318$2,989
29 years$29,803$21,633$15,423$10,830$7,511$2,580
30 years$28,498$20,430$14,366$9,939$6,787$2,227
31 years$27,280$19,313$13,393$9,128$6,136$1,923
32 years$26,140$18,274$12,496$8,389$5,550$1,661
33 years$25,072$17,306$11,668$7,715$5,023$1,435
34 years$24,069$16,402$10,902$7,098$4,548$1,240
35 years$23,125$15,557$10,192$6,534$4,119$1,072
36 years$22,235$14,766$9,535$6,018$3,732$926
37 years$21,396$14,024$8,924$5,545$3,383$801
38 years$20,602$13,328$8,357$5,111$3,067$692
39 years$19,852$12,674$7,830$4,712$2,781$598
40 years$19,140$12,058$7,339$4,346$2,522$517
41 years$18,465$11,478$6,881$4,010$2,288$447
42 years$17,824$10,931$6,455$3,701$2,076$387
43 years$17,214$10,415$6,057$3,416$1,885$335
44 years$16,634$9,928$5,686$3,154$1,711$289
45 years$16,081$9,467$5,339$2,913$1,553$250
46 years$15,554$9,031$5,014$2,691$1,410$216
47 years$15,050$8,619$4,711$2,486$1,280$187
48 years$14,569$8,228$4,427$2,297$1,163$162
49 years$14,109$7,857$4,161$2,123$1,056$140
50 years$13,669$7,505$3,912$1,962$959$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,000,000, adding $2,581 every year, while hoping to spend $35,901 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: 76/7/17 Blend
61$14,000,000$14,000,000$14,000,000$14,000,000
62$15,430,662$14,688,662$14,471,662$16,544,445
63$16,966,391$15,370,208$14,918,265$17,962,701
64$18,657,562$16,083,947$15,378,625$19,512,487
65$20,519,990$16,831,418$15,853,166$21,210,677
66$22,571,106$17,614,234$16,342,324$23,072,063
67$24,830,115$18,434,088$16,846,548$25,112,935
68$27,318,181$19,292,752$17,366,302$27,351,227
69$30,058,625$20,192,086$17,902,062$29,806,694
70$33,077,145$21,134,038$18,454,321$32,501,087
71$36,402,058$22,120,651$19,023,585$35,458,362
72$40,064,571$23,154,066$19,610,378$38,704,903
73$44,099,069$24,236,527$20,215,238$42,269,770
74$48,543,445$25,370,388$20,838,720$46,184,968
75$53,439,456$26,558,116$21,481,396$50,485,751
76$58,833,113$27,802,297$22,143,856$55,210,950
77$64,775,123$29,105,641$22,826,707$60,403,336
78$71,321,360$30,470,993$23,530,576$66,110,026
79$78,533,398$31,901,330$24,256,110$72,382,920
80$86,479,087$33,399,778$25,003,972$79,279,191
81$95,233,198$34,969,611$25,774,849$86,861,822
82$104,878,125$36,614,263$26,569,447$95,200,198
83$115,504,666$38,337,334$27,388,496$104,370,754
84$127,212,876$40,142,597$28,232,745$114,457,699
85$140,113,016$42,034,011$29,102,968$125,553,805
86$154,326,590$44,015,724$29,999,964$137,761,279
87$169,987,493$46,092,085$30,924,554$151,192,724
88$187,243,275$48,267,655$31,877,584$165,972,200
89$206,256,534$50,547,215$32,859,928$182,236,393
90$227,206,451$52,935,779$33,872,486$200,135,894
91$250,290,479$55,438,603$34,916,184$219,836,625
92$275,726,211$58,061,197$35,991,979$241,521,396
93$303,753,429$60,809,340$37,100,855$265,391,629
94$334,636,373$63,689,092$38,243,828$291,669,251
95$368,666,230$66,706,805$39,421,943$320,598,789
96$406,163,887$69,869,139$40,636,279$352,449,671
97$447,482,956$73,183,079$41,887,947$387,518,762
98$493,013,116$76,655,949$43,178,092$426,133,166
99$543,183,789$80,295,426$44,507,894$468,653,303
100$598,468,197$84,109,563$45,878,569$515,476,312