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%19.7%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,103,589
2 years$588,682$577,719$567,093$556,791$546,798$502,316
3 years$388,557$377,546$366,947$356,741$346,911$304,035
4 years$288,513$277,536$267,043$257,012$247,420$206,476
5 years$228,503$217,592$207,237$197,410$188,085$149,177
6 years$188,509$177,680$167,478$157,870$148,825$111,980
7 years$159,953$149,215$139,175$129,794$121,035$86,240
8 years$138,546$127,905$118,031$108,881$100,410$67,632
9 years$121,905$111,364$101,660$92,742$84,560$53,749
10 years$108,600$98,162$88,630$79,945$72,049$43,148
11 years$97,721$87,388$78,028$69,576$61,965$34,906
12 years$88,662$78,435$69,248$61,027$53,697$28,411
13 years$81,002$70,882$61,869$53,878$46,825$23,235
14 years$74,442$64,430$55,589$47,827$41,047$19,076
15 years$68,762$58,858$50,190$42,653$36,141$15,709
16 years$63,797$54,001$45,504$38,191$31,941$12,970
17 years$59,421$49,733$41,407$34,315$28,321$10,730
18 years$55,535$45,955$37,799$30,924$25,182$8,892
19 years$52,063$42,591$34,603$27,943$22,445$7,379
20 years$48,941$39,578$31,757$25,308$20,048$6,130
21 years$46,120$36,865$29,211$22,968$17,941$5,098
22 years$43,560$34,412$26,922$20,883$16,082$4,242
23 years$41,225$32,185$24,858$19,019$14,436$3,533
24 years$39,088$30,155$22,989$17,346$12,975$2,943
25 years$37,125$28,299$21,293$15,842$11,676$2,454
26 years$35,316$26,597$19,748$14,485$10,517$2,046
27 years$33,644$25,031$18,338$13,258$9,482$1,707
28 years$32,094$23,586$17,047$12,147$8,556$1,424
29 years$30,654$22,251$15,864$11,139$7,726$1,188
30 years$29,312$21,014$14,777$10,223$6,981$992
31 years$28,059$19,865$13,776$9,389$6,311$828
32 years$26,887$18,796$12,853$8,629$5,709$691
33 years$25,788$17,800$12,001$7,935$5,167$577
34 years$24,756$16,871$11,213$7,301$4,678$482
35 years$23,785$16,002$10,483$6,721$4,237$403
36 years$22,871$15,188$9,807$6,190$3,839$336
37 years$22,007$14,425$9,179$5,703$3,479$281
38 years$21,191$13,709$8,596$5,257$3,154$235
39 years$20,419$13,036$8,053$4,847$2,860$196
40 years$19,687$12,402$7,548$4,471$2,594$164
41 years$18,993$11,806$7,078$4,125$2,354$137
42 years$18,333$11,244$6,639$3,807$2,136$114
43 years$17,706$10,713$6,230$3,514$1,938$95
44 years$17,109$10,212$5,848$3,245$1,759$80
45 years$16,540$9,738$5,491$2,996$1,597$67
46 years$15,998$9,289$5,157$2,768$1,450$56
47 years$15,480$8,865$4,845$2,557$1,317$46
48 years$14,985$8,463$4,553$2,363$1,196$39
49 years$14,512$8,081$4,280$2,184$1,086$32
50 years$14,059$7,720$4,024$2,018$987$27

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 $5,792 every year, while hoping to spend $26,799 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: 48/40/12 Blend
61$14,400,000$14,400,000$14,400,000$14,400,000
62$15,874,774$15,111,574$14,888,374$16,583,960
63$17,465,488$15,823,528$15,358,621$17,784,942
64$19,217,555$16,569,468$15,843,723$19,084,940
65$21,147,407$17,351,034$16,344,149$20,495,830
66$23,273,148$18,169,940$16,860,384$22,027,968
67$25,614,730$19,027,987$17,392,926$23,692,724
68$28,194,135$19,927,062$17,942,293$25,502,585
69$31,035,591$20,869,142$18,509,014$27,471,259
70$34,165,794$21,856,302$19,093,638$29,613,807
71$37,614,161$22,890,718$19,696,731$31,946,773
72$41,413,111$23,974,668$20,318,877$34,488,333
73$45,598,366$25,110,545$20,960,677$37,258,462
74$50,209,293$26,300,855$21,622,753$40,279,111
75$55,289,270$27,548,226$22,305,745$43,574,409
76$60,886,103$28,855,416$23,010,314$47,170,882
77$67,052,467$30,225,314$23,737,142$51,097,690
78$73,846,415$31,660,950$24,486,932$55,386,899
79$81,331,915$33,165,502$25,260,410$60,073,770
80$89,579,461$34,742,302$26,058,324$65,197,081
81$98,666,734$36,394,843$26,881,447$70,799,486
82$108,679,340$38,126,790$27,730,574$76,927,901
83$119,711,612$39,941,982$28,606,528$83,633,940
84$131,867,506$41,844,449$29,510,157$90,974,386
85$145,261,579$43,838,414$30,442,334$99,011,716
86$160,020,070$45,928,306$31,403,962$107,814,676
87$176,282,094$48,118,770$32,395,971$117,458,917
88$194,200,954$50,414,676$33,419,322$128,027,692
89$213,945,587$52,821,131$34,475,006$139,612,629
90$235,702,161$55,343,490$35,564,042$152,314,577
91$259,675,830$57,987,370$36,687,487$166,244,542
92$286,092,674$60,758,660$37,846,426$181,524,715
93$315,201,827$63,663,535$39,041,982$198,289,612
94$347,277,837$66,708,471$40,275,312$216,687,316
95$382,623,250$69,900,261$41,547,609$236,880,861
96$421,571,472$73,246,024$42,860,105$259,049,747
97$464,489,914$76,753,231$44,214,070$283,391,610
98$511,783,459$80,429,713$45,610,814$310,124,067
99$563,898,285$84,283,682$47,051,691$339,486,741
100$621,326,081$88,323,753$48,538,093$371,743,505