Can I retire at age 62 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,134,869
2 years$588,682$577,719$567,093$556,791$546,798$533,303
3 years$388,557$377,546$366,947$356,741$346,911$333,747
4 years$288,513$277,536$267,043$257,012$247,420$234,689
5 years$228,503$217,592$207,237$197,410$188,085$175,823
6 years$188,509$177,680$167,478$157,870$148,825$137,048
7 years$159,953$149,215$139,175$129,794$121,035$109,748
8 years$138,546$127,905$118,031$108,881$100,410$89,611
9 years$121,905$111,364$101,660$92,742$84,560$74,245
10 years$108,600$98,162$88,630$79,945$72,049$62,212
11 years$97,721$87,388$78,028$69,576$61,965$52,597
12 years$88,662$78,435$69,248$61,027$53,697$44,788
13 years$81,002$70,882$61,869$53,878$46,825$38,363
14 years$74,442$64,430$55,589$47,827$41,047$33,021
15 years$68,762$58,858$50,190$42,653$36,141$28,537
16 years$63,797$54,001$45,504$38,191$31,941$24,747
17 years$59,421$49,733$41,407$34,315$28,321$21,523
18 years$55,535$45,955$37,799$30,924$25,182$18,765
19 years$52,063$42,591$34,603$27,943$22,445$16,396
20 years$48,941$39,578$31,757$25,308$20,048$14,351
21 years$46,120$36,865$29,211$22,968$17,941$12,582
22 years$43,560$34,412$26,922$20,883$16,082$11,045
23 years$41,225$32,185$24,858$19,019$14,436$9,708
24 years$39,088$30,155$22,989$17,346$12,975$8,542
25 years$37,125$28,299$21,293$15,842$11,676$7,522
26 years$35,316$26,597$19,748$14,485$10,517$6,630
27 years$33,644$25,031$18,338$13,258$9,482$5,847
28 years$32,094$23,586$17,047$12,147$8,556$5,160
29 years$30,654$22,251$15,864$11,139$7,726$4,556
30 years$29,312$21,014$14,777$10,223$6,981$4,025
31 years$28,059$19,865$13,776$9,389$6,311$3,557
32 years$26,887$18,796$12,853$8,629$5,709$3,145
33 years$25,788$17,800$12,001$7,935$5,167$2,781
34 years$24,756$16,871$11,213$7,301$4,678$2,460
35 years$23,785$16,002$10,483$6,721$4,237$2,177
36 years$22,871$15,188$9,807$6,190$3,839$1,926
37 years$22,007$14,425$9,179$5,703$3,479$1,705
38 years$21,191$13,709$8,596$5,257$3,154$1,510
39 years$20,419$13,036$8,053$4,847$2,860$1,337
40 years$19,687$12,402$7,548$4,471$2,594$1,184
41 years$18,993$11,806$7,078$4,125$2,354$1,049
42 years$18,333$11,244$6,639$3,807$2,136$929
43 years$17,706$10,713$6,230$3,514$1,938$823
44 years$17,109$10,212$5,848$3,245$1,759$729
45 years$16,540$9,738$5,491$2,996$1,597$646
46 years$15,998$9,289$5,157$2,768$1,450$572
47 years$15,480$8,865$4,845$2,557$1,317$507
48 years$14,985$8,463$4,553$2,363$1,196$449
49 years$14,512$8,081$4,280$2,184$1,086$398
50 years$14,059$7,720$4,024$2,018$987$353

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,400,000, adding $5,216 every year, while hoping to spend $51,025 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: 60/26/14 Blend
61$14,400,000$14,400,000$14,400,000$14,400,000
62$15,874,180$15,110,980$14,887,780$16,771,067
63$17,439,056$15,797,128$15,332,231$18,061,902
64$19,161,840$16,515,187$15,789,860$19,463,199
65$21,058,583$17,266,667$16,261,056$20,990,600
66$23,146,975$18,053,150$16,746,218$22,656,291
67$25,446,505$18,876,293$17,245,755$24,473,670
68$27,978,652$19,737,835$17,760,091$26,457,474
69$30,767,081$20,639,595$18,289,660$28,623,910
70$33,837,869$21,583,481$18,834,910$30,990,805
71$37,219,753$22,571,493$19,396,301$33,577,772
72$40,944,398$23,605,726$19,974,307$36,406,387
73$45,046,695$24,688,376$20,569,415$39,500,392
74$49,565,095$25,821,743$21,182,127$42,885,910
75$54,541,967$27,008,240$21,812,960$46,591,687
76$60,023,998$28,250,394$22,462,445$50,649,359
77$66,062,636$29,550,854$23,131,128$55,093,748
78$72,714,576$30,912,397$23,819,571$59,963,176
79$80,042,291$32,337,932$24,528,355$65,299,830
80$88,114,624$33,830,510$25,258,074$71,150,146
81$97,007,437$35,393,327$26,009,341$77,565,245
82$106,804,328$37,029,733$26,782,786$84,601,408
83$117,597,420$38,743,239$27,579,060$92,320,597
84$129,488,227$40,537,528$28,398,829$100,791,035
85$142,588,616$42,416,457$29,242,779$110,087,841
86$157,021,861$44,384,070$30,111,619$120,293,728
87$172,923,808$46,444,606$31,006,075$131,499,779
88$190,444,153$48,602,509$31,926,895$143,806,294
89$209,747,860$50,862,435$32,874,849$157,323,728
90$231,016,714$53,229,267$33,850,730$172,173,726
91$254,451,041$55,708,124$34,855,352$188,490,256
92$280,271,594$58,304,368$35,889,553$206,420,864
93$308,721,640$61,023,625$36,954,196$226,128,058
94$340,069,254$63,871,790$38,050,168$247,790,826
95$374,609,852$66,855,042$39,178,382$271,606,315
96$412,668,977$69,979,859$40,339,779$297,791,676
97$454,605,374$73,253,033$41,535,322$326,586,105
98$500,814,374$76,681,684$42,766,008$358,253,080
99$551,731,629$80,273,276$44,032,858$393,082,838
100$607,837,221$84,035,632$45,336,925$431,395,097