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%11.3%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,126,136
2 years$580,506$569,695$559,217$549,058$539,204$532,956
3 years$383,160$372,302$361,850$351,787$342,093$335,983
4 years$284,506$273,681$263,334$253,443$243,984$238,058
5 years$225,329$214,569$204,358$194,668$185,472$179,748
6 years$185,891$175,212$165,152$155,678$146,758$141,243
7 years$157,732$147,143$137,242$127,991$119,354$114,051
8 years$136,622$126,129$116,392$107,369$99,015$93,925
9 years$120,212$109,818$100,248$91,454$83,385$78,506
10 years$107,092$96,799$87,399$78,834$71,048$66,378
11 years$96,364$86,174$76,945$68,610$61,104$56,639
12 years$87,430$77,345$68,286$60,180$52,951$48,689
13 years$79,877$69,898$61,009$53,130$46,175$42,110
14 years$73,408$63,535$54,817$47,163$40,476$36,605
15 years$67,807$58,040$49,493$42,061$35,639$31,955
16 years$62,911$53,251$44,872$37,661$31,498$27,997
17 years$58,596$49,042$40,832$33,838$27,928$24,605
18 years$54,764$45,317$37,274$30,495$24,832$21,681
19 years$51,339$41,999$34,123$27,555$22,133$19,149
20 years$48,261$39,028$31,316$24,956$19,770$16,946
21 years$45,480$36,353$28,805$22,649$17,692$15,022
22 years$42,955$33,934$26,548$20,593$15,858$13,337
23 years$40,653$31,738$24,513$18,755$14,235$11,857
24 years$38,545$29,736$22,670$17,105$12,795$10,553
25 years$36,610$27,906$20,997$15,622$11,514$9,403
26 years$34,826$26,227$19,474$14,284$10,371$8,385
27 years$33,177$24,683$18,083$13,074$9,350$7,484
28 years$31,649$23,259$16,810$11,979$8,437$6,684
29 years$30,228$21,942$15,644$10,985$7,618$5,974
30 years$28,905$20,722$14,571$10,081$6,884$5,342
31 years$27,670$19,589$13,584$9,259$6,224$4,779
32 years$26,514$18,535$12,675$8,509$5,630$4,277
33 years$25,430$17,553$11,834$7,825$5,095$3,830
34 years$24,412$16,636$11,057$7,200$4,613$3,431
35 years$23,455$15,779$10,338$6,628$4,178$3,074
36 years$22,553$14,977$9,671$6,104$3,785$2,755
37 years$21,701$14,225$9,052$5,624$3,431$2,470
38 years$20,897$13,518$8,476$5,184$3,110$2,215
39 years$20,135$12,855$7,942$4,780$2,821$1,986
40 years$19,414$12,230$7,444$4,408$2,558$1,782
41 years$18,729$11,642$6,980$4,067$2,321$1,599
42 years$18,079$11,087$6,547$3,754$2,106$1,435
43 years$17,460$10,564$6,144$3,465$1,911$1,288
44 years$16,872$10,070$5,767$3,199$1,735$1,156
45 years$16,311$9,602$5,415$2,955$1,575$1,037
46 years$15,776$9,160$5,086$2,729$1,430$931
47 years$15,265$8,742$4,778$2,522$1,299$836
48 years$14,777$8,345$4,490$2,330$1,179$751
49 years$14,311$7,969$4,220$2,153$1,071$674
50 years$13,864$7,612$3,968$1,990$973$605

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 $2,546 every year, while hoping to spend $58,936 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: 46/31/23 Blend
61$14,200,000$14,200,000$14,200,000$14,200,000
62$15,651,026$14,898,426$14,678,326$16,267,566
63$17,184,723$15,565,742$15,107,343$17,368,572
64$18,872,882$16,263,780$15,548,756$18,556,393
65$20,731,196$16,993,985$16,002,919$19,843,964
66$22,776,956$17,757,869$16,470,195$21,240,628
67$25,029,216$18,557,014$16,950,957$22,756,649
68$27,508,970$19,393,082$17,445,588$24,403,299
69$30,239,352$20,267,810$17,954,482$26,192,965
70$33,245,855$21,183,021$18,478,045$28,139,258
71$36,556,566$22,140,623$19,016,694$30,257,137
72$40,202,438$23,142,616$19,570,855$32,563,045
73$44,217,577$24,191,095$20,140,970$35,075,056
74$48,639,568$25,288,257$20,727,490$37,813,044
75$53,509,823$26,436,400$21,330,880$40,798,861
76$58,873,978$27,637,937$21,951,618$44,056,539
77$64,782,321$28,895,393$22,590,194$47,612,507
78$71,290,265$30,211,415$23,247,114$51,495,838
79$78,458,875$31,588,777$23,922,895$55,738,510
80$86,355,438$33,030,385$24,618,070$60,375,705
81$95,054,104$34,539,286$25,333,186$65,446,133
82$104,636,582$36,118,670$26,068,807$70,992,384
83$115,192,912$37,771,883$26,825,511$77,061,329
84$126,822,315$39,502,431$27,603,891$83,704,544
85$139,634,128$41,313,987$28,404,559$90,978,795
86$153,748,838$43,210,402$29,228,140$98,946,561
87$169,299,218$45,195,709$30,075,281$107,676,613
88$186,431,578$47,274,139$30,946,643$117,244,651
89$205,307,150$49,450,123$31,842,906$127,734,009
90$226,103,606$51,728,305$32,764,770$139,236,431
91$249,016,737$54,113,556$33,712,953$151,852,922
92$274,262,300$56,610,976$34,688,193$165,694,687
93$302,078,055$59,225,914$35,691,248$180,884,171
94$332,726,008$61,963,976$36,722,897$197,556,200
95$366,494,887$64,831,036$37,783,939$215,859,235
96$403,702,862$67,833,253$38,875,198$235,956,762
97$444,700,553$70,977,083$39,997,517$258,028,818
98$489,874,340$74,269,289$41,151,763$282,273,673
99$539,650,003$77,716,966$42,338,829$308,909,682
100$594,496,752$81,327,545$43,559,628$338,177,331