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%12.2%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,114,003
2 years$576,418$565,683$555,279$545,191$535,407$524,978
3 years$380,462$369,680$359,302$349,309$339,684$329,501
4 years$282,503$271,754$261,480$251,658$242,265$232,406
5 years$223,742$213,058$202,919$193,297$184,166$174,660
6 years$184,582$173,978$163,989$154,581$145,725$136,582
7 years$156,621$146,107$136,275$127,090$118,513$109,740
8 years$135,660$125,240$115,572$106,613$98,318$89,913
9 years$119,365$109,044$99,543$90,810$82,798$74,758
10 years$106,337$96,117$86,783$78,279$70,548$62,869
11 years$95,685$85,567$76,403$68,126$60,674$53,350
12 years$86,815$76,801$67,805$59,756$52,579$45,602
13 years$79,315$69,405$60,580$52,756$45,849$39,213
14 years$72,892$63,088$54,431$46,831$40,191$33,886
15 years$67,330$57,632$49,144$41,765$35,388$29,405
16 years$62,468$52,876$44,556$37,396$31,276$25,605
17 years$58,183$48,697$40,544$33,600$27,731$22,363
18 years$54,378$44,998$37,012$30,280$24,657$19,581
19 years$50,978$41,704$33,883$27,361$21,978$17,182
20 years$47,921$38,753$31,096$24,780$19,631$15,106
21 years$45,160$36,097$28,602$22,490$17,567$13,303
22 years$42,652$33,695$26,361$20,448$15,747$11,732
23 years$40,366$31,514$24,340$18,623$14,135$10,359
24 years$38,274$29,527$22,510$16,985$12,705$9,157
25 years$36,352$27,710$20,849$15,512$11,433$8,102
26 years$34,581$26,043$19,336$14,183$10,298$7,174
27 years$32,943$24,509$17,956$12,982$9,285$6,358
28 years$31,426$23,095$16,692$11,894$8,378$5,638
29 years$30,015$21,787$15,533$10,907$7,565$5,002
30 years$28,702$20,576$14,469$10,010$6,835$4,440
31 years$27,475$19,451$13,489$9,194$6,180$3,944
32 years$26,327$18,405$12,585$8,449$5,590$3,504
33 years$25,251$17,429$11,751$7,770$5,059$3,114
34 years$24,241$16,519$10,979$7,149$4,580$2,769
35 years$23,290$15,668$10,265$6,581$4,149$2,462
36 years$22,394$14,871$9,603$6,061$3,759$2,190
37 years$21,549$14,124$8,988$5,584$3,407$1,948
38 years$20,750$13,423$8,417$5,147$3,089$1,734
39 years$19,993$12,764$7,886$4,746$2,801$1,543
40 years$19,277$12,144$7,391$4,377$2,540$1,374
41 years$18,597$11,560$6,931$4,039$2,305$1,223
42 years$17,951$11,009$6,501$3,727$2,091$1,089
43 years$17,337$10,490$6,100$3,441$1,898$970
44 years$16,753$9,999$5,726$3,177$1,723$864
45 years$16,196$9,535$5,377$2,934$1,564$769
46 years$15,665$9,096$5,050$2,710$1,420$685
47 years$15,158$8,680$4,744$2,504$1,289$610
48 years$14,673$8,286$4,458$2,314$1,171$544
49 years$14,210$7,913$4,191$2,138$1,064$484
50 years$13,767$7,559$3,940$1,976$966$431

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 $4,048 every year, while hoping to spend $20,649 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: 67/22/11 Blend
61$14,100,000$14,100,000$14,100,000$14,100,000
62$15,542,376$14,795,076$14,576,526$16,546,752
63$17,105,727$15,498,064$15,042,869$17,918,454
64$18,827,849$16,234,807$15,524,142$19,414,762
65$20,724,914$17,006,936$16,020,825$21,050,156
66$22,814,742$17,816,163$16,533,410$22,838,248
67$25,116,973$18,664,283$17,062,407$24,794,009
68$27,653,249$19,553,177$17,608,342$26,933,911
69$30,447,417$20,484,819$18,171,757$29,276,080
70$33,525,756$21,461,277$18,753,214$31,840,460
71$36,917,225$22,484,723$19,353,289$34,648,999
72$40,653,738$23,557,430$19,972,580$37,725,852
73$44,770,460$24,681,785$20,611,702$41,097,606
74$49,306,144$25,860,289$21,271,291$44,793,522
75$54,303,495$27,095,567$21,952,003$48,845,810
76$59,809,571$28,390,369$22,654,515$53,289,929
77$65,876,231$29,747,581$23,379,525$58,164,913
78$72,560,622$31,170,228$24,127,755$63,513,736
79$79,925,719$32,661,483$24,899,948$69,383,711
80$88,040,919$34,224,672$25,696,873$75,826,933
81$96,982,697$35,863,285$26,519,322$82,900,762
82$106,835,327$37,580,981$27,368,114$90,668,357
83$117,691,677$39,381,596$28,244,093$99,199,270
84$129,654,088$41,269,155$29,148,131$108,570,090
85$142,835,338$43,247,876$30,081,126$118,865,161
86$157,359,707$45,322,186$31,044,008$130,177,371
87$173,364,148$47,496,725$32,037,733$142,609,018
88$190,999,586$49,776,359$33,063,292$156,272,773
89$210,432,335$52,166,192$34,121,704$171,292,725
90$231,845,675$54,671,577$35,214,023$187,805,551
91$255,441,577$57,298,127$36,341,335$205,961,796
92$281,442,611$60,051,729$37,504,764$225,927,277
93$310,094,050$62,938,556$38,705,466$247,884,645
94$341,666,181$65,965,083$39,944,636$272,035,094
95$376,456,859$69,138,100$41,223,509$298,600,250
96$414,794,319$72,464,727$42,543,357$327,824,251
97$457,040,274$75,952,433$43,905,494$359,976,036
98$503,593,330$79,609,050$45,311,276$395,351,875
99$554,892,748$83,442,793$46,762,103$434,278,145
100$611,422,594$87,462,275$48,259,419$477,114,405