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%13.8%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,122,335
2 years$584,594$573,707$563,155$552,924$543,001$524,946
3 years$385,858$374,924$364,399$354,264$344,502$326,921
4 years$286,510$275,609$265,189$255,227$245,702$228,730
5 years$226,916$216,081$205,797$196,039$186,779$170,466
6 years$187,200$176,446$166,315$156,774$147,792$132,156
7 years$158,843$148,179$138,208$128,893$120,194$105,240
8 years$137,584$127,017$117,212$108,125$99,713$85,438
9 years$121,058$110,591$100,954$92,098$83,972$70,370
10 years$107,846$97,481$88,014$79,390$71,549$58,608
11 years$97,042$86,781$77,486$69,093$61,534$49,241
12 years$88,046$77,890$68,767$60,604$53,324$41,664
13 years$80,440$70,390$61,439$53,504$46,500$35,455
14 years$73,925$63,982$55,203$47,495$40,761$30,314
15 years$68,285$58,449$49,841$42,357$35,890$26,020
16 years$63,354$53,626$45,188$37,926$31,719$22,408
17 years$59,008$49,388$41,120$34,076$28,125$19,351
18 years$55,150$45,636$37,537$30,710$25,007$16,751
19 years$51,701$42,295$34,363$27,749$22,289$14,529
20 years$48,601$39,303$31,537$25,132$19,909$12,624
21 years$45,800$36,609$29,008$22,809$17,817$10,984
22 years$43,257$34,173$26,735$20,738$15,970$9,570
23 years$40,939$31,961$24,685$18,887$14,336$8,347
24 years$38,817$29,946$22,830$17,226$12,885$7,287
25 years$36,868$28,103$21,145$15,732$11,595$6,367
26 years$35,071$26,412$19,611$14,384$10,444$5,567
27 years$33,411$24,857$18,210$13,166$9,416$4,871
28 years$31,872$23,422$16,929$12,063$8,496$4,264
29 years$30,441$22,096$15,754$11,062$7,672$3,734
30 years$29,109$20,868$14,674$10,152$6,932$3,272
31 years$27,864$19,727$13,680$9,324$6,267$2,868
32 years$26,700$18,666$12,764$8,569$5,669$2,514
33 years$25,609$17,677$11,918$7,880$5,131$2,205
34 years$24,584$16,753$11,135$7,250$4,645$1,934
35 years$23,620$15,890$10,411$6,674$4,207$1,697
36 years$22,712$15,082$9,739$6,147$3,812$1,489
37 years$21,854$14,325$9,115$5,663$3,455$1,307
38 years$21,044$13,614$8,536$5,220$3,132$1,148
39 years$20,277$12,945$7,997$4,813$2,840$1,008
40 years$19,550$12,316$7,496$4,440$2,576$885
41 years$18,861$11,724$7,029$4,096$2,337$777
42 years$18,206$11,165$6,593$3,780$2,121$682
43 years$17,583$10,638$6,187$3,490$1,925$599
44 years$16,990$10,141$5,808$3,222$1,747$526
45 years$16,426$9,670$5,453$2,976$1,586$462
46 years$15,887$9,225$5,122$2,749$1,440$406
47 years$15,373$8,803$4,812$2,539$1,308$357
48 years$14,881$8,404$4,522$2,346$1,188$313
49 years$14,411$8,025$4,250$2,169$1,079$275
50 years$13,962$7,666$3,996$2,004$980$242

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 $2,086 every year, while hoping to spend $55,607 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: 51/42/7 Blend
61$14,300,000$14,300,000$14,300,000$14,300,000
62$15,760,752$15,002,852$14,781,202$16,536,999
63$17,309,183$15,678,826$15,217,207$17,741,207
64$19,013,691$16,386,059$15,665,954$19,043,372
65$20,890,135$17,126,025$16,127,812$20,457,542
66$22,955,995$17,900,265$16,603,159$21,994,249
67$25,230,526$18,710,398$17,092,385$23,665,056
68$27,734,950$19,558,118$17,595,890$25,482,665
69$30,492,649$20,445,200$18,114,086$27,461,029
70$33,529,388$21,373,504$18,647,397$29,615,480
71$36,873,559$22,344,979$19,196,258$31,962,864
72$40,556,447$23,361,667$19,761,117$34,521,697
73$44,612,525$24,425,710$20,342,436$37,312,331
74$49,079,783$25,539,350$20,940,687$40,357,137
75$54,000,079$26,704,936$21,556,358$43,680,713
76$59,419,541$27,924,932$22,189,951$47,310,105
77$65,388,999$29,201,919$22,841,979$51,275,055
78$71,964,465$30,538,601$23,512,973$55,608,272
79$79,207,660$31,937,812$24,203,478$60,345,734
80$87,186,601$33,402,524$24,914,054$65,527,017
81$95,976,236$34,935,850$25,645,276$71,195,657
82$105,659,156$36,541,051$26,397,737$77,399,553
83$116,326,375$38,221,547$27,172,046$84,191,405
84$128,078,185$39,980,922$27,968,829$91,629,206
85$141,025,104$41,822,932$28,788,730$99,776,770
86$155,288,922$43,751,513$29,632,410$108,704,328
87$171,003,846$45,770,791$30,500,550$118,489,173
88$188,317,770$47,885,091$31,393,849$129,216,382
89$207,393,666$50,098,945$32,313,027$140,979,599
90$228,411,130$52,417,103$33,258,823$153,881,904
91$251,568,070$54,844,545$34,231,998$168,036,777
92$277,082,575$57,386,490$35,233,332$183,569,144
93$305,194,980$60,048,410$36,263,631$200,616,546
94$336,170,123$62,836,038$37,323,718$219,330,416
95$370,299,857$65,755,385$38,414,444$239,877,489
96$407,905,796$68,812,752$39,536,681$262,441,359
97$449,342,355$72,014,744$40,691,327$287,224,188
98$495,000,092$75,368,284$41,879,304$314,448,598
99$545,309,401$78,880,629$43,101,560$344,359,742
100$600,744,567$82,559,387$44,359,069$377,227,602