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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,110,483
2 years$584,594$573,707$563,155$552,924$543,001$513,162
3 years$385,858$374,924$364,399$354,264$344,502$315,577
4 years$286,510$275,609$265,189$255,227$245,702$217,913
5 years$226,916$216,081$205,797$196,039$186,779$160,203
6 years$187,200$176,446$166,315$156,774$147,792$122,454
7 years$158,843$148,179$138,208$128,893$120,194$96,098
8 years$137,584$127,017$117,212$108,125$99,713$76,845
9 years$121,058$110,591$100,954$92,098$83,972$62,314
10 years$107,846$97,481$88,014$79,390$71,549$51,072
11 years$97,042$86,781$77,486$69,093$61,534$42,209
12 years$88,046$77,890$68,767$60,604$53,324$35,115
13 years$80,440$70,390$61,439$53,504$46,500$29,370
14 years$73,925$63,982$55,203$47,495$40,761$24,671
15 years$68,285$58,449$49,841$42,357$35,890$20,798
16 years$63,354$53,626$45,188$37,926$31,719$17,585
17 years$59,008$49,388$41,120$34,076$28,125$14,905
18 years$55,150$45,636$37,537$30,710$25,007$12,659
19 years$51,701$42,295$34,363$27,749$22,289$10,770
20 years$48,601$39,303$31,537$25,132$19,909$9,176
21 years$45,800$36,609$29,008$22,809$17,817$7,827
22 years$43,257$34,173$26,735$20,738$15,970$6,684
23 years$40,939$31,961$24,685$18,887$14,336$5,713
24 years$38,817$29,946$22,830$17,226$12,885$4,886
25 years$36,868$28,103$21,145$15,732$11,595$4,182
26 years$35,071$26,412$19,611$14,384$10,444$3,581
27 years$33,411$24,857$18,210$13,166$9,416$3,068
28 years$31,872$23,422$16,929$12,063$8,496$2,630
29 years$30,441$22,096$15,754$11,062$7,672$2,255
30 years$29,109$20,868$14,674$10,152$6,932$1,934
31 years$27,864$19,727$13,680$9,324$6,267$1,659
32 years$26,700$18,666$12,764$8,569$5,669$1,423
33 years$25,609$17,677$11,918$7,880$5,131$1,221
34 years$24,584$16,753$11,135$7,250$4,645$1,048
35 years$23,620$15,890$10,411$6,674$4,207$900
36 years$22,712$15,082$9,739$6,147$3,812$772
37 years$21,854$14,325$9,115$5,663$3,455$663
38 years$21,044$13,614$8,536$5,220$3,132$570
39 years$20,277$12,945$7,997$4,813$2,840$489
40 years$19,550$12,316$7,496$4,440$2,576$420
41 years$18,861$11,724$7,029$4,096$2,337$361
42 years$18,206$11,165$6,593$3,780$2,121$310
43 years$17,583$10,638$6,187$3,490$1,925$266
44 years$16,990$10,141$5,808$3,222$1,747$229
45 years$16,426$9,670$5,453$2,976$1,586$196
46 years$15,887$9,225$5,122$2,749$1,440$169
47 years$15,373$8,803$4,812$2,539$1,308$145
48 years$14,881$8,404$4,522$2,346$1,188$124
49 years$14,411$8,025$4,250$2,169$1,079$107
50 years$13,962$7,666$3,996$2,004$980$92

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 $2,144 every year, while hoping to spend $50,046 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: 48/32/20 Blend
61$14,300,000$14,300,000$14,300,000$14,300,000
62$15,760,812$15,002,912$14,781,262$16,428,145
63$17,315,166$15,684,806$15,223,185$17,574,537
64$19,026,387$16,398,435$15,678,236$18,813,434
65$20,910,422$17,145,303$16,146,801$20,157,698
66$22,984,845$17,926,982$16,629,278$21,617,233
67$25,269,017$18,745,122$17,126,077$23,202,923
68$27,784,276$19,601,453$17,637,620$24,926,719
69$30,554,133$20,497,785$18,164,341$26,801,756
70$33,604,495$21,436,017$18,706,687$28,842,468
71$36,963,910$22,418,138$19,265,118$31,064,719
72$40,663,836$23,446,233$19,840,106$33,485,946
73$44,738,937$24,522,488$20,432,139$36,125,320
74$49,227,410$25,649,192$21,041,718$39,003,918
75$54,171,349$26,828,745$21,669,358$42,144,918
76$59,617,136$28,063,663$22,315,591$45,573,809
77$65,615,883$29,356,582$22,980,962$49,318,624
78$72,223,913$30,710,264$23,666,034$53,410,200
79$79,503,290$32,127,606$24,371,385$57,882,460
80$87,522,410$33,611,642$25,097,610$62,772,722
81$96,356,637$35,165,554$25,845,322$68,122,047
82$106,089,025$36,792,677$26,615,151$73,975,616
83$116,811,093$38,496,505$27,407,746$80,383,147
84$128,623,692$40,280,702$28,223,773$87,399,354
85$141,637,960$42,149,107$29,063,920$95,084,455
86$155,976,364$44,105,746$29,928,894$103,504,729
87$171,773,862$46,154,837$30,819,421$112,733,129
88$189,179,175$48,300,803$31,736,250$122,849,961
89$208,356,187$50,548,278$32,680,151$133,943,630
90$229,485,498$52,902,123$33,651,916$146,111,461
91$252,766,123$55,367,432$34,652,360$159,460,603
92$278,417,375$57,949,543$35,682,321$174,109,031
93$306,680,931$60,654,055$36,742,663$190,186,639
94$337,823,117$63,486,835$37,834,273$207,836,456
95$372,137,419$66,454,034$38,958,065$227,215,980
96$409,947,255$69,562,101$40,114,980$248,498,643
97$451,609,026$72,817,795$41,305,983$271,875,439
98$497,515,484$76,228,204$42,532,070$297,556,700
99$548,099,433$79,800,756$43,794,264$325,774,070
100$603,837,823$83,543,240$45,093,619$356,782,668