Can I retire at age 62 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,113,569
2 years$580,506$569,695$559,217$549,058$539,204$520,359
3 years$383,160$372,302$361,850$351,787$342,093$323,750
4 years$284,506$273,681$263,334$253,443$243,984$226,283
5 years$225,329$214,569$204,358$194,668$185,472$168,465
6 years$185,891$175,212$165,152$155,678$146,758$130,463
7 years$157,732$147,143$137,242$127,991$119,354$103,776
8 years$136,622$126,129$116,392$107,369$99,015$84,152
9 years$120,212$109,818$100,248$91,454$83,385$69,229
10 years$107,092$96,799$87,399$78,834$71,048$57,587
11 years$96,364$86,174$76,945$68,610$61,104$48,323
12 years$87,430$77,345$68,286$60,180$52,951$40,834
13 years$79,877$69,898$61,009$53,130$46,175$34,703
14 years$73,408$63,535$54,817$47,163$40,476$29,631
15 years$67,807$58,040$49,493$42,061$35,639$25,399
16 years$62,911$53,251$44,872$37,661$31,498$21,843
17 years$58,596$49,042$40,832$33,838$27,928$18,837
18 years$54,764$45,317$37,274$30,495$24,832$16,282
19 years$51,339$41,999$34,123$27,555$22,133$14,101
20 years$48,261$39,028$31,316$24,956$19,770$12,234
21 years$45,480$36,353$28,805$22,649$17,692$10,629
22 years$42,955$33,934$26,548$20,593$15,858$9,246
23 years$40,653$31,738$24,513$18,755$14,235$8,052
24 years$38,545$29,736$22,670$17,105$12,795$7,019
25 years$36,610$27,906$20,997$15,622$11,514$6,123
26 years$34,826$26,227$19,474$14,284$10,371$5,345
27 years$33,177$24,683$18,083$13,074$9,350$4,669
28 years$31,649$23,259$16,810$11,979$8,437$4,081
29 years$30,228$21,942$15,644$10,985$7,618$3,568
30 years$28,905$20,722$14,571$10,081$6,884$3,121
31 years$27,670$19,589$13,584$9,259$6,224$2,731
32 years$26,514$18,535$12,675$8,509$5,630$2,391
33 years$25,430$17,553$11,834$7,825$5,095$2,093
34 years$24,412$16,636$11,057$7,200$4,613$1,833
35 years$23,455$15,779$10,338$6,628$4,178$1,606
36 years$22,553$14,977$9,671$6,104$3,785$1,407
37 years$21,701$14,225$9,052$5,624$3,431$1,232
38 years$20,897$13,518$8,476$5,184$3,110$1,080
39 years$20,135$12,855$7,942$4,780$2,821$947
40 years$19,414$12,230$7,444$4,408$2,558$830
41 years$18,729$11,642$6,980$4,067$2,321$727
42 years$18,079$11,087$6,547$3,754$2,106$638
43 years$17,460$10,564$6,144$3,465$1,911$559
44 years$16,872$10,070$5,767$3,199$1,735$490
45 years$16,311$9,602$5,415$2,955$1,575$430
46 years$15,776$9,160$5,086$2,729$1,430$377
47 years$15,265$8,742$4,778$2,522$1,299$331
48 years$14,777$8,345$4,490$2,330$1,179$290
49 years$14,311$7,969$4,220$2,153$1,071$254
50 years$13,864$7,612$3,968$1,990$973$223

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,200,000, adding $6,801 every year, while hoping to spend $25,035 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: 55/19/26 Blend
61$14,200,000$14,200,000$14,200,000$14,200,000
62$15,655,415$14,902,815$14,682,715$16,403,900
63$17,225,631$15,606,416$15,147,949$17,623,349
64$18,955,169$16,343,654$15,627,929$18,947,599
65$20,860,254$17,116,152$16,123,123$20,389,366
66$22,958,766$17,925,609$16,634,014$21,959,954
67$25,270,405$18,773,809$17,161,098$23,671,794
68$27,816,881$19,662,620$17,704,889$25,538,555
69$30,622,118$20,594,003$18,265,918$27,575,269
70$33,712,478$21,570,014$18,844,731$29,798,473
71$37,117,013$22,592,806$19,441,891$32,226,355
72$40,867,735$23,664,641$20,057,981$34,878,924
73$44,999,921$24,787,885$20,693,601$37,778,195
74$49,552,446$25,965,025$21,349,370$40,948,393
75$54,568,148$27,198,664$22,025,926$44,416,172
76$60,094,235$28,491,534$22,723,930$48,210,865
77$66,182,727$29,846,499$23,444,062$52,364,758
78$72,890,949$31,266,562$24,187,022$56,913,381
79$80,282,075$32,754,872$24,953,536$61,895,846
80$88,425,716$34,314,731$25,744,350$67,355,205
81$97,398,588$35,949,601$26,560,234$73,338,850
82$107,285,226$37,663,114$27,401,984$79,898,957
83$118,178,789$39,459,076$28,270,420$87,092,968
84$130,181,935$41,341,480$29,166,389$94,984,129
85$143,407,793$43,314,513$30,090,763$103,642,074
86$157,981,028$45,382,564$31,044,444$113,143,482
87$174,039,021$47,550,238$32,028,361$123,572,785
88$191,733,162$49,822,361$33,043,472$135,022,963
89$211,230,284$52,203,996$34,090,768$147,596,406
90$232,714,234$54,700,452$35,171,269$161,405,877
91$256,387,607$57,317,296$36,286,029$176,575,563
92$282,473,665$60,060,366$37,436,133$193,242,237
93$311,218,439$62,935,784$38,622,703$211,556,539
94$342,893,052$65,949,969$39,846,896$231,684,390
95$377,796,281$69,109,655$41,109,904$253,808,540
96$416,257,375$72,421,903$42,412,960$278,130,285
97$458,639,167$75,894,115$43,757,333$304,871,355
98$505,341,492$79,534,057$45,144,334$334,275,991
99$556,804,971$83,349,872$46,575,316$366,613,239
100$613,515,161$87,350,099$48,051,672$402,179,472