Can I retire at age 62 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,104,242
2 years$584,594$573,707$563,155$552,924$543,001$506,998
3 years$385,858$374,924$364,399$354,264$344,502$309,686
4 years$286,510$275,609$265,189$255,227$245,702$212,339
5 years$226,916$216,081$205,797$196,039$186,779$154,959
6 years$187,200$176,446$166,315$156,774$147,792$117,542
7 years$158,843$148,179$138,208$128,893$120,194$91,512
8 years$137,584$127,017$117,212$108,125$99,713$72,578
9 years$121,058$110,591$100,954$92,098$83,972$58,355
10 years$107,846$97,481$88,014$79,390$71,549$47,411
11 years$97,042$86,781$77,486$69,093$61,534$38,831
12 years$88,046$77,890$68,767$60,604$53,324$32,008
13 years$80,440$70,390$61,439$53,504$46,500$26,519
14 years$73,925$63,982$55,203$47,495$40,761$22,062
15 years$68,285$58,449$49,841$42,357$35,890$18,416
16 years$63,354$53,626$45,188$37,926$31,719$15,415
17 years$59,008$49,388$41,120$34,076$28,125$12,933
18 years$55,150$45,636$37,537$30,710$25,007$10,870
19 years$51,701$42,295$34,363$27,749$22,289$9,151
20 years$48,601$39,303$31,537$25,132$19,909$7,714
21 years$45,800$36,609$29,008$22,809$17,817$6,510
22 years$43,257$34,173$26,735$20,738$15,970$5,499
23 years$40,939$31,961$24,685$18,887$14,336$4,648
24 years$38,817$29,946$22,830$17,226$12,885$3,932
25 years$36,868$28,103$21,145$15,732$11,595$3,328
26 years$35,071$26,412$19,611$14,384$10,444$2,818
27 years$33,411$24,857$18,210$13,166$9,416$2,387
28 years$31,872$23,422$16,929$12,063$8,496$2,022
29 years$30,441$22,096$15,754$11,062$7,672$1,714
30 years$29,109$20,868$14,674$10,152$6,932$1,453
31 years$27,864$19,727$13,680$9,324$6,267$1,232
32 years$26,700$18,666$12,764$8,569$5,669$1,045
33 years$25,609$17,677$11,918$7,880$5,131$886
34 years$24,584$16,753$11,135$7,250$4,645$752
35 years$23,620$15,890$10,411$6,674$4,207$638
36 years$22,712$15,082$9,739$6,147$3,812$541
37 years$21,854$14,325$9,115$5,663$3,455$459
38 years$21,044$13,614$8,536$5,220$3,132$390
39 years$20,277$12,945$7,997$4,813$2,840$331
40 years$19,550$12,316$7,496$4,440$2,576$281
41 years$18,861$11,724$7,029$4,096$2,337$238
42 years$18,206$11,165$6,593$3,780$2,121$202
43 years$17,583$10,638$6,187$3,490$1,925$172
44 years$16,990$10,141$5,808$3,222$1,747$146
45 years$16,426$9,670$5,453$2,976$1,586$124
46 years$15,887$9,225$5,122$2,749$1,440$105
47 years$15,373$8,803$4,812$2,539$1,308$89
48 years$14,881$8,404$4,522$2,346$1,188$76
49 years$14,411$8,025$4,250$2,169$1,079$64
50 years$13,962$7,666$3,996$2,004$980$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,300,000, adding $4,206 every year, while hoping to spend $28,009 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: 51/34/15 Blend
61$14,300,000$14,300,000$14,300,000$14,300,000
62$15,762,938$15,005,038$14,783,388$16,502,259
63$17,340,957$15,710,484$15,248,831$17,715,412
64$19,078,994$16,449,558$15,728,926$19,030,318
65$20,993,343$17,223,878$16,224,137$20,459,231
66$23,101,957$18,035,140$16,734,938$22,012,920
67$25,424,619$18,885,125$17,261,821$23,703,214
68$27,983,130$19,775,696$17,805,292$25,543,109
69$30,801,513$20,708,808$18,365,873$27,546,885
70$33,906,240$21,686,513$18,944,102$29,730,235
71$37,326,483$22,710,958$19,540,536$32,110,407
72$41,094,388$23,784,398$20,155,748$34,706,360
73$45,245,378$24,909,196$20,790,328$37,538,937
74$49,818,489$26,087,829$21,444,886$40,631,055
75$54,856,736$27,322,895$22,120,051$44,007,914
76$60,407,523$28,617,117$22,816,473$47,697,228
77$66,523,086$29,973,350$23,534,820$51,729,476
78$73,260,986$31,394,590$24,275,782$56,138,185
79$80,684,658$32,883,976$25,040,072$60,960,235
80$88,864,002$34,444,800$25,828,423$66,236,201
81$97,876,049$36,080,514$26,641,594$72,010,725
82$107,805,684$37,794,737$27,480,366$78,332,925
83$118,746,449$39,591,265$28,345,544$85,256,852
84$130,801,427$41,474,077$29,237,960$92,841,990
85$144,084,213$43,447,347$30,158,471$101,153,803
86$158,719,985$45,515,449$31,107,962$110,264,341
87$174,846,690$47,682,973$32,087,346$120,252,911
88$192,616,343$49,954,730$33,097,563$131,206,810
89$212,196,463$52,335,764$34,139,583$143,222,138
90$233,771,652$54,831,366$35,214,409$156,404,687
91$257,545,341$57,447,084$36,323,073$170,870,928
92$283,741,710$60,188,735$37,466,640$186,749,095
93$312,607,801$63,062,419$38,646,209$204,180,376
94$344,415,852$66,074,534$39,862,913$223,320,233
95$379,465,870$69,231,787$41,117,921$244,339,849
96$418,088,457$72,541,213$42,412,440$267,427,724
97$460,647,936$76,010,188$43,747,712$292,791,441
98$507,545,786$79,646,448$45,125,022$320,659,595
99$559,224,438$83,458,106$46,545,692$351,283,941
100$616,171,446$87,453,668$48,011,087$384,941,740