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%14.6%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,103,006
2 years$576,418$565,683$555,279$545,191$535,407$513,982
3 years$380,462$369,680$359,302$349,309$339,684$318,851
4 years$282,503$271,754$261,480$251,658$242,265$222,184
5 years$223,742$213,058$202,919$193,297$184,166$164,894
6 years$184,582$173,978$163,989$154,581$145,725$127,283
7 years$156,621$146,107$136,275$127,090$118,513$100,906
8 years$135,660$125,240$115,572$106,613$98,318$81,542
9 years$119,365$109,044$99,543$90,810$82,798$66,841
10 years$106,337$96,117$86,783$78,279$70,548$55,396
11 years$95,685$85,567$76,403$68,126$60,674$46,309
12 years$86,815$76,801$67,805$59,756$52,579$38,982
13 years$79,315$69,405$60,580$52,756$45,849$32,998
14 years$72,892$63,088$54,431$46,831$40,191$28,061
15 years$67,330$57,632$49,144$41,765$35,388$23,954
16 years$62,468$52,876$44,556$37,396$31,276$20,514
17 years$58,183$48,697$40,544$33,600$27,731$17,615
18 years$54,378$44,998$37,012$30,280$24,657$15,159
19 years$50,978$41,704$33,883$27,361$21,978$13,071
20 years$47,921$38,753$31,096$24,780$19,631$11,289
21 years$45,160$36,097$28,602$22,490$17,567$9,764
22 years$42,652$33,695$26,361$20,448$15,747$8,455
23 years$40,366$31,514$24,340$18,623$14,135$7,328
24 years$38,274$29,527$22,510$16,985$12,705$6,358
25 years$36,352$27,710$20,849$15,512$11,433$5,520
26 years$34,581$26,043$19,336$14,183$10,298$4,796
27 years$32,943$24,509$17,956$12,982$9,285$4,169
28 years$31,426$23,095$16,692$11,894$8,378$3,626
29 years$30,015$21,787$15,533$10,907$7,565$3,155
30 years$28,702$20,576$14,469$10,010$6,835$2,746
31 years$27,475$19,451$13,489$9,194$6,180$2,391
32 years$26,327$18,405$12,585$8,449$5,590$2,083
33 years$25,251$17,429$11,751$7,770$5,059$1,814
34 years$24,241$16,519$10,979$7,149$4,580$1,581
35 years$23,290$15,668$10,265$6,581$4,149$1,378
36 years$22,394$14,871$9,603$6,061$3,759$1,201
37 years$21,549$14,124$8,988$5,584$3,407$1,047
38 years$20,750$13,423$8,417$5,147$3,089$913
39 years$19,993$12,764$7,886$4,746$2,801$796
40 years$19,277$12,144$7,391$4,377$2,540$694
41 years$18,597$11,560$6,931$4,039$2,305$605
42 years$17,951$11,009$6,501$3,727$2,091$528
43 years$17,337$10,490$6,100$3,441$1,898$461
44 years$16,753$9,999$5,726$3,177$1,723$402
45 years$16,196$9,535$5,377$2,934$1,564$350
46 years$15,665$9,096$5,050$2,710$1,420$306
47 years$15,158$8,680$4,744$2,504$1,289$267
48 years$14,673$8,286$4,458$2,314$1,171$233
49 years$14,210$7,913$4,191$2,138$1,064$203
50 years$13,767$7,559$3,940$1,976$966$177

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 $3,788 every year, while hoping to spend $41,015 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: 43/43/14 Blend
61$14,100,000$14,100,000$14,100,000$14,100,000
62$15,542,107$14,794,807$14,576,257$16,147,043
63$17,083,763$15,476,113$15,020,922$17,252,538
64$18,781,292$16,189,428$15,479,109$18,445,075
65$20,650,552$16,936,278$15,951,227$19,736,133
66$22,709,013$17,718,261$16,437,698$21,134,774
67$24,975,929$18,537,052$16,938,957$22,650,939
68$27,472,514$19,394,408$17,455,453$24,295,538
69$30,222,145$20,292,169$17,987,645$26,080,546
70$33,250,583$21,232,265$18,536,011$28,019,109
71$36,586,214$22,216,717$19,101,038$30,125,661
72$40,260,317$23,247,645$19,683,233$32,416,053
73$44,307,362$24,327,272$20,283,113$34,907,696
74$48,765,331$25,457,926$20,901,215$37,619,717
75$53,676,079$26,642,049$21,538,090$40,573,130
76$59,085,729$27,882,199$22,194,306$43,791,028
77$65,045,105$29,181,059$22,870,448$47,298,789
78$71,610,216$30,541,442$23,567,118$51,124,310
79$78,842,780$31,966,294$24,284,938$55,298,254
80$86,810,807$33,458,706$25,024,547$59,854,337
81$95,589,244$35,021,917$25,786,604$64,829,629
82$105,260,679$36,659,323$26,571,788$70,264,895
83$115,916,123$38,374,485$27,380,797$76,204,970
84$127,655,866$40,171,132$28,214,352$82,699,163
85$140,590,426$42,053,179$29,073,194$89,801,718
86$154,841,591$44,024,727$29,958,088$97,572,306
87$170,543,570$46,090,075$30,869,820$106,076,576
88$187,844,257$48,253,732$31,809,202$115,386,761
89$206,906,629$50,520,423$32,777,068$125,582,341
90$227,910,284$52,895,103$33,774,279$136,750,781
91$251,053,136$55,382,966$34,801,721$148,988,335
92$276,553,283$57,989,459$35,860,306$162,400,940
93$304,651,067$60,720,290$36,950,974$177,105,196
94$335,611,338$63,581,447$38,074,695$193,229,446
95$369,725,962$66,579,206$39,232,465$210,914,969
96$407,316,569$69,720,146$40,425,311$230,317,289
97$448,737,593$73,011,166$41,654,292$251,607,623
98$494,379,615$76,459,501$42,920,499$274,974,474
99$544,673,053$80,072,734$44,225,053$300,625,383
100$600,092,223$83,858,817$45,569,111$328,788,863