Can I retire at age 62 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,117,736
2 years$576,418$565,683$555,279$545,191$535,407$528,731
3 years$380,462$369,680$359,302$349,309$339,684$333,156
4 years$282,503$271,754$261,480$251,658$242,265$235,936
5 years$223,742$213,058$202,919$193,297$184,166$178,053
6 years$184,582$173,978$163,989$154,581$145,725$139,836
7 years$156,621$146,107$136,275$127,090$118,513$112,853
8 years$135,660$125,240$115,572$106,613$98,318$92,885
9 years$119,365$109,044$99,543$90,810$82,798$77,592
10 years$106,337$96,117$86,783$78,279$70,548$65,566
11 years$95,685$85,567$76,403$68,126$60,674$55,912
12 years$86,815$76,801$67,805$59,756$52,579$48,034
13 years$79,315$69,405$60,580$52,756$45,849$41,517
14 years$72,892$63,088$54,431$46,831$40,191$36,065
15 years$67,330$57,632$49,144$41,765$35,388$31,463
16 years$62,468$52,876$44,556$37,396$31,276$27,548
17 years$58,183$48,697$40,544$33,600$27,731$24,193
18 years$54,378$44,998$37,012$30,280$24,657$21,304
19 years$50,978$41,704$33,883$27,361$21,978$18,802
20 years$47,921$38,753$31,096$24,780$19,631$16,627
21 years$45,160$36,097$28,602$22,490$17,567$14,729
22 years$42,652$33,695$26,361$20,448$15,747$13,067
23 years$40,366$31,514$24,340$18,623$14,135$11,608
24 years$38,274$29,527$22,510$16,985$12,705$10,324
25 years$36,352$27,710$20,849$15,512$11,433$9,191
26 years$34,581$26,043$19,336$14,183$10,298$8,190
27 years$32,943$24,509$17,956$12,982$9,285$7,304
28 years$31,426$23,095$16,692$11,894$8,378$6,518
29 years$30,015$21,787$15,533$10,907$7,565$5,821
30 years$28,702$20,576$14,469$10,010$6,835$5,201
31 years$27,475$19,451$13,489$9,194$6,180$4,649
32 years$26,327$18,405$12,585$8,449$5,590$4,158
33 years$25,251$17,429$11,751$7,770$5,059$3,720
34 years$24,241$16,519$10,979$7,149$4,580$3,329
35 years$23,290$15,668$10,265$6,581$4,149$2,981
36 years$22,394$14,871$9,603$6,061$3,759$2,669
37 years$21,549$14,124$8,988$5,584$3,407$2,391
38 years$20,750$13,423$8,417$5,147$3,089$2,142
39 years$19,993$12,764$7,886$4,746$2,801$1,920
40 years$19,277$12,144$7,391$4,377$2,540$1,721
41 years$18,597$11,560$6,931$4,039$2,305$1,542
42 years$17,951$11,009$6,501$3,727$2,091$1,383
43 years$17,337$10,490$6,100$3,441$1,898$1,240
44 years$16,753$9,999$5,726$3,177$1,723$1,112
45 years$16,196$9,535$5,377$2,934$1,564$997
46 years$15,665$9,096$5,050$2,710$1,420$894
47 years$15,158$8,680$4,744$2,504$1,289$802
48 years$14,673$8,286$4,458$2,314$1,171$720
49 years$14,210$7,913$4,191$2,138$1,064$646
50 years$13,767$7,559$3,940$1,976$966$579

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,100,000, adding $3,297 every year, while hoping to spend $20,075 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: 68/13/19 Blend
61$14,100,000$14,100,000$14,100,000$14,100,000
62$15,541,601$14,794,301$14,575,751$16,525,641
63$17,105,484$15,497,862$15,042,679$17,887,218
64$18,828,211$16,235,225$15,524,576$19,373,398
65$20,725,963$17,008,024$16,021,923$20,998,602
66$22,816,568$17,817,975$16,535,215$22,776,523
67$25,119,677$18,666,875$17,064,964$24,722,230
68$27,656,942$19,556,609$17,611,698$26,852,310
69$30,452,222$20,489,155$18,175,961$29,185,018
70$33,531,810$21,466,585$18,758,317$31,740,451
71$36,924,680$22,491,073$19,359,346$34,540,731
72$40,662,760$23,564,899$19,979,648$37,610,213
73$44,781,236$24,690,452$20,619,839$40,975,710
74$49,318,878$25,870,241$21,280,560$44,666,743
75$54,318,413$27,106,892$21,962,469$48,715,817
76$59,826,925$28,403,164$22,666,245$53,158,725
77$65,896,298$29,761,945$23,392,591$58,034,879
78$72,583,708$31,186,268$24,142,231$63,387,680
79$79,952,163$32,679,312$24,915,912$69,264,924
80$88,071,095$34,244,410$25,714,406$75,719,246
81$97,017,018$35,885,058$26,538,511$82,808,617
82$106,874,250$37,604,921$27,389,046$90,596,882
83$117,735,706$39,407,845$28,266,862$99,154,359
84$129,703,780$41,297,861$29,172,834$108,558,501
85$142,891,306$43,279,198$30,107,865$118,894,614
86$157,422,630$45,356,288$31,072,888$130,256,665
87$173,434,775$47,533,783$32,068,867$142,748,159
88$191,078,743$49,816,559$33,096,795$156,483,110
89$210,520,934$52,209,731$34,157,697$171,587,112
90$231,944,722$54,718,660$35,252,633$188,198,515
91$255,552,182$57,348,973$36,382,694$206,469,729
92$281,565,999$60,106,567$37,549,009$226,568,652
93$310,231,572$62,997,630$38,752,742$248,680,246
94$341,819,328$66,028,649$39,995,094$273,008,281
95$376,627,274$69,206,428$41,277,305$299,777,244
96$414,983,816$72,538,103$42,600,655$329,234,451
97$457,250,853$76,031,157$43,966,464$361,652,376
98$503,827,197$79,693,440$45,376,097$397,331,212
99$555,152,335$83,533,183$46,830,960$436,601,691
100$611,710,582$87,559,018$48,332,507$479,828,202