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

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,133,458
2 years$588,682$577,719$567,093$556,791$546,798$531,890
3 years$388,557$377,546$366,947$356,741$346,911$332,377
4 years$288,513$277,536$267,043$257,012$247,420$233,371
5 years$228,503$217,592$207,237$197,410$188,085$174,562
6 years$188,509$177,680$167,478$157,870$148,825$135,845
7 years$159,953$149,215$139,175$129,794$121,035$108,602
8 years$138,546$127,905$118,031$108,881$100,410$88,524
9 years$121,905$111,364$101,660$92,742$84,560$73,215
10 years$108,600$98,162$88,630$79,945$72,049$61,237
11 years$97,721$87,388$78,028$69,576$61,965$51,676
12 years$88,662$78,435$69,248$61,027$53,697$43,920
13 years$81,002$70,882$61,869$53,878$46,825$37,546
14 years$74,442$64,430$55,589$47,827$41,047$32,253
15 years$68,762$58,858$50,190$42,653$36,141$27,817
16 years$63,797$54,001$45,504$38,191$31,941$24,073
17 years$59,421$49,733$41,407$34,315$28,321$20,892
18 years$55,535$45,955$37,799$30,924$25,182$18,176
19 years$52,063$42,591$34,603$27,943$22,445$15,846
20 years$48,941$39,578$31,757$25,308$20,048$13,840
21 years$46,120$36,865$29,211$22,968$17,941$12,106
22 years$43,560$34,412$26,922$20,883$16,082$10,604
23 years$41,225$32,185$24,858$19,019$14,436$9,299
24 years$39,088$30,155$22,989$17,346$12,975$8,162
25 years$37,125$28,299$21,293$15,842$11,676$7,171
26 years$35,316$26,597$19,748$14,485$10,517$6,305
27 years$33,644$25,031$18,338$13,258$9,482$5,548
28 years$32,094$23,586$17,047$12,147$8,556$4,884
29 years$30,654$22,251$15,864$11,139$7,726$4,302
30 years$29,312$21,014$14,777$10,223$6,981$3,791
31 years$28,059$19,865$13,776$9,389$6,311$3,342
32 years$26,887$18,796$12,853$8,629$5,709$2,947
33 years$25,788$17,800$12,001$7,935$5,167$2,600
34 years$24,756$16,871$11,213$7,301$4,678$2,294
35 years$23,785$16,002$10,483$6,721$4,237$2,025
36 years$22,871$15,188$9,807$6,190$3,839$1,787
37 years$22,007$14,425$9,179$5,703$3,479$1,578
38 years$21,191$13,709$8,596$5,257$3,154$1,394
39 years$20,419$13,036$8,053$4,847$2,860$1,231
40 years$19,687$12,402$7,548$4,471$2,594$1,087
41 years$18,993$11,806$7,078$4,125$2,354$961
42 years$18,333$11,244$6,639$3,807$2,136$849
43 years$17,706$10,713$6,230$3,514$1,938$750
44 years$17,109$10,212$5,848$3,245$1,759$663
45 years$16,540$9,738$5,491$2,996$1,597$586
46 years$15,998$9,289$5,157$2,768$1,450$517
47 years$15,480$8,865$4,845$2,557$1,317$457
48 years$14,985$8,463$4,553$2,363$1,196$404
49 years$14,512$8,081$4,280$2,184$1,086$357
50 years$14,059$7,720$4,024$2,018$987$316

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 $4,163 every year, while hoping to spend $48,729 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: 64/10/26 Blend
61$14,400,000$14,400,000$14,400,000$14,400,000
62$15,873,094$15,109,894$14,886,694$16,779,869
63$17,440,302$15,798,432$15,333,551$18,081,921
64$19,165,733$16,519,074$15,793,745$19,498,215
65$21,065,472$17,273,344$16,267,670$21,044,668
66$23,157,248$18,062,835$16,755,734$22,734,058
67$25,460,592$18,889,219$17,258,356$24,580,449
68$27,997,028$19,754,246$17,775,967$26,599,321
69$30,790,274$20,659,753$18,309,010$28,807,713
70$33,866,463$21,607,662$18,857,944$31,224,383
71$37,254,395$22,599,990$19,423,237$33,869,979
72$40,985,802$23,638,849$20,005,375$36,767,233
73$45,095,654$24,726,453$20,604,855$39,941,176
74$49,622,484$25,865,122$21,222,191$43,419,365
75$54,608,753$27,057,289$21,857,910$47,232,145
76$60,101,253$28,305,502$22,512,556$51,412,929
77$66,151,543$29,612,434$23,186,689$55,998,514
78$72,816,441$30,980,885$23,880,884$61,029,420
79$80,158,558$32,413,788$24,595,734$66,550,272
80$88,246,889$33,914,222$25,331,849$72,610,219
81$97,157,463$35,485,409$26,089,857$79,263,388
82$106,974,060$37,130,731$26,870,404$86,569,399
83$117,789,007$38,853,729$27,674,155$94,593,915
84$129,704,042$40,658,118$28,501,795$103,409,266
85$142,831,277$42,547,789$29,354,028$113,095,119
86$157,294,259$44,526,823$30,231,580$123,739,234
87$173,229,133$46,599,496$31,135,197$135,438,279
88$190,785,926$48,770,293$32,065,648$148,298,743
89$210,129,965$51,043,912$33,023,722$162,437,933
90$231,443,438$53,425,280$34,010,233$177,985,080
91$254,927,113$55,919,563$35,026,020$195,082,546
92$280,802,230$58,532,173$36,071,944$213,887,168
93$309,312,595$61,268,787$37,148,891$234,571,732
94$340,726,876$64,135,354$38,257,775$257,326,594
95$375,341,142$67,138,111$39,399,535$282,361,472
96$413,481,657$70,283,597$40,575,138$309,907,420
97$455,507,959$73,578,666$41,785,579$340,218,999
98$501,816,257$77,030,507$43,031,881$373,576,677
99$552,843,165$80,646,651$44,315,099$410,289,464
100$609,069,830$84,434,999$45,636,317$450,697,821