Can I retire at age 62 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,124,650
2 years$592,771$581,731$571,031$560,658$550,595$518,989
3 years$391,255$380,167$369,495$359,219$349,320$318,698
4 years$290,517$279,463$268,898$258,797$249,138$219,735
5 years$230,090$219,103$208,676$198,781$189,391$161,287
6 years$189,818$178,914$168,641$158,967$149,859$123,082
7 years$161,064$150,252$140,141$130,695$121,875$96,426
8 years$139,508$128,793$118,851$109,637$101,107$76,972
9 years$122,752$112,138$102,366$93,386$85,147$62,303
10 years$109,354$98,844$89,245$80,500$72,549$50,968
11 years$98,400$87,995$78,570$70,059$62,395$42,042
12 years$89,277$78,980$69,729$61,451$54,070$34,907
13 years$81,565$71,374$62,298$54,252$47,150$29,137
14 years$74,959$64,877$55,975$48,159$41,332$24,425
15 years$69,240$59,267$50,538$42,949$36,392$20,548
16 years$64,240$54,376$45,820$38,457$32,163$17,336
17 years$59,834$50,078$41,695$34,553$28,518$14,661
18 years$55,921$46,275$38,062$31,139$25,357$12,424
19 years$52,424$42,887$34,844$28,137$22,601$10,547
20 years$49,281$39,852$31,978$25,483$20,188$8,965
21 years$46,441$37,121$29,413$23,128$18,066$7,630
22 years$43,862$34,651$27,109$21,028$16,193$6,501
23 years$41,511$32,408$25,030$19,151$14,536$5,543
24 years$39,360$30,365$23,149$17,467$13,065$4,730
25 years$37,383$28,496$21,441$15,952$11,757$4,038
26 years$35,562$26,781$19,885$14,585$10,590$3,450
27 years$33,878$25,204$18,465$13,350$9,548$2,948
28 years$32,317$23,750$17,166$12,232$8,615$2,521
29 years$30,867$22,405$15,974$11,217$7,779$2,156
30 years$29,516$21,160$14,879$10,294$7,029$1,844
31 years$28,254$20,003$13,871$9,454$6,355$1,578
32 years$27,074$18,927$12,942$8,689$5,749$1,351
33 years$25,967$17,924$12,084$7,990$5,202$1,156
34 years$24,928$16,988$11,291$7,352$4,710$990
35 years$23,951$16,113$10,556$6,768$4,266$848
36 years$23,029$15,293$9,875$6,233$3,865$726
37 years$22,160$14,525$9,243$5,743$3,503$622
38 years$21,338$13,804$8,656$5,293$3,176$532
39 years$20,561$13,126$8,109$4,881$2,880$456
40 years$19,824$12,489$7,601$4,502$2,612$391
41 years$19,125$11,888$7,127$4,153$2,370$335
42 years$18,461$11,322$6,686$3,833$2,151$287
43 years$17,829$10,787$6,273$3,538$1,952$246
44 years$17,228$10,282$5,889$3,267$1,772$210
45 years$16,655$9,805$5,529$3,017$1,608$180
46 years$16,109$9,354$5,193$2,787$1,460$154
47 years$15,588$8,926$4,879$2,575$1,326$132
48 years$15,089$8,521$4,585$2,379$1,204$113
49 years$14,613$8,138$4,310$2,199$1,094$97
50 years$14,157$7,773$4,052$2,032$993$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,500,000, adding $3,836 every year, while hoping to spend $50,264 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: 24/49/27 Blend
61$14,500,000$14,500,000$14,500,000$14,500,000
62$15,982,957$15,214,457$14,989,707$16,230,130
63$17,559,738$15,906,485$15,438,382$17,131,372
64$19,295,666$16,630,737$15,900,402$18,091,785
65$21,206,921$17,388,741$16,376,163$19,119,753
66$23,311,332$18,182,094$16,866,069$20,220,928
67$25,628,543$19,012,472$17,370,538$21,401,483
68$28,180,204$19,881,632$17,890,000$22,668,166
69$30,990,166$20,791,413$18,424,896$24,028,355
70$34,084,715$21,743,745$18,975,683$25,490,120
71$37,492,815$22,740,647$19,542,827$27,062,292
72$41,246,382$23,784,239$20,126,812$28,754,534
73$45,380,586$24,876,740$20,728,133$30,577,428
74$49,934,182$26,020,476$21,347,302$32,542,563
75$54,949,875$27,217,886$21,984,842$34,662,633
76$60,474,724$28,471,524$22,641,297$36,951,549
77$66,560,587$29,784,070$23,317,221$39,424,558
78$73,264,607$31,158,330$24,013,188$42,098,376
79$80,649,755$32,597,246$24,729,788$44,991,335
80$88,785,421$34,103,902$25,467,627$48,123,542
81$97,748,071$35,681,529$26,227,329$51,517,055
82$107,621,966$37,333,517$27,009,537$55,196,082
83$118,499,962$39,063,415$27,814,912$59,187,189
84$130,484,382$40,874,945$28,644,135$63,519,544
85$143,687,981$42,772,009$29,497,905$68,225,168
86$158,235,014$44,758,697$30,376,944$73,339,228
87$174,262,406$46,839,294$31,281,993$78,900,348
88$191,921,046$49,018,294$32,213,814$84,950,957
89$211,377,210$51,300,408$33,173,194$91,537,673
90$232,814,129$53,690,571$34,160,940$98,711,720
91$256,433,722$56,193,961$35,177,883$106,529,394
92$282,458,499$58,816,002$36,224,879$115,052,572
93$311,133,662$61,562,382$37,302,808$124,349,275
94$342,729,420$64,439,064$38,412,577$134,494,285
95$377,543,539$67,452,296$39,555,117$145,569,829
96$415,904,154$70,608,632$40,731,387$157,666,326
97$458,172,863$73,914,941$41,942,374$170,883,219
98$504,748,144$77,378,423$43,189,093$185,329,883
99$556,069,117$81,006,627$44,472,589$201,126,628
100$612,619,684$84,807,468$45,793,938$218,405,804