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%19.3%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,113,013
2 years$592,771$581,731$571,031$560,658$550,595$507,530
3 years$391,255$380,167$369,495$359,219$349,320$307,781
4 years$290,517$279,463$268,898$258,797$249,138$209,442
5 years$230,090$219,103$208,676$198,781$189,391$151,640
6 years$189,818$178,914$168,641$158,967$149,859$114,080
7 years$161,064$150,252$140,141$130,695$121,875$88,059
8 years$139,508$128,793$118,851$109,637$101,107$69,222
9 years$122,752$112,138$102,366$93,386$85,147$55,149
10 years$109,354$98,844$89,245$80,500$72,549$44,384
11 years$98,400$87,995$78,570$70,059$62,395$36,000
12 years$89,277$78,980$69,729$61,451$54,070$29,380
13 years$81,565$71,374$62,298$54,252$47,150$24,093
14 years$74,959$64,877$55,975$48,159$41,332$19,836
15 years$69,240$59,267$50,538$42,949$36,392$16,382
16 years$64,240$54,376$45,820$38,457$32,163$13,564
17 years$59,834$50,078$41,695$34,553$28,518$11,255
18 years$55,921$46,275$38,062$31,139$25,357$9,355
19 years$52,424$42,887$34,844$28,137$22,601$7,787
20 years$49,281$39,852$31,978$25,483$20,188$6,489
21 years$46,441$37,121$29,413$23,128$18,066$5,413
22 years$43,862$34,651$27,109$21,028$16,193$4,519
23 years$41,511$32,408$25,030$19,151$14,536$3,775
24 years$39,360$30,365$23,149$17,467$13,065$3,155
25 years$37,383$28,496$21,441$15,952$11,757$2,638
26 years$35,562$26,781$19,885$14,585$10,590$2,207
27 years$33,878$25,204$18,465$13,350$9,548$1,847
28 years$32,317$23,750$17,166$12,232$8,615$1,546
29 years$30,867$22,405$15,974$11,217$7,779$1,294
30 years$29,516$21,160$14,879$10,294$7,029$1,084
31 years$28,254$20,003$13,871$9,454$6,355$908
32 years$27,074$18,927$12,942$8,689$5,749$760
33 years$25,967$17,924$12,084$7,990$5,202$637
34 years$24,928$16,988$11,291$7,352$4,710$534
35 years$23,951$16,113$10,556$6,768$4,266$447
36 years$23,029$15,293$9,875$6,233$3,865$375
37 years$22,160$14,525$9,243$5,743$3,503$314
38 years$21,338$13,804$8,656$5,293$3,176$263
39 years$20,561$13,126$8,109$4,881$2,880$221
40 years$19,824$12,489$7,601$4,502$2,612$185
41 years$19,125$11,888$7,127$4,153$2,370$155
42 years$18,461$11,322$6,686$3,833$2,151$130
43 years$17,829$10,787$6,273$3,538$1,952$109
44 years$17,228$10,282$5,889$3,267$1,772$91
45 years$16,655$9,805$5,529$3,017$1,608$76
46 years$16,109$9,354$5,193$2,787$1,460$64
47 years$15,588$8,926$4,879$2,575$1,326$54
48 years$15,089$8,521$4,585$2,379$1,204$45
49 years$14,613$8,138$4,310$2,199$1,094$38
50 years$14,157$7,773$4,052$2,032$993$32

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 $5,385 every year, while hoping to spend $39,371 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: 61/26/13 Blend
61$14,500,000$14,500,000$14,500,000$14,500,000
62$15,984,555$15,216,055$14,991,305$16,908,880
63$17,573,089$15,919,751$15,451,623$18,234,260
64$19,322,334$16,656,609$15,926,042$19,674,953
65$21,248,641$17,428,211$16,414,994$21,246,103
66$23,370,027$18,236,219$16,918,921$22,960,334
67$25,706,346$19,082,370$17,438,281$24,831,528
68$28,279,477$19,968,489$17,973,547$26,874,951
69$31,113,525$20,896,487$18,525,202$29,107,397
70$34,235,057$21,868,367$19,093,749$31,547,338
71$37,673,346$22,886,230$19,679,703$34,215,092
72$41,460,650$23,952,278$20,283,595$37,133,017
73$45,632,513$25,068,817$20,905,973$40,325,710
74$50,228,108$26,238,267$21,547,401$43,820,238
75$55,290,597$27,463,164$22,208,461$47,646,387
76$60,867,545$28,746,167$22,889,752$51,836,936
77$67,011,368$30,090,062$23,591,891$56,427,963
78$73,779,823$31,497,770$24,315,516$61,459,176
79$81,236,560$32,972,356$25,061,280$66,974,286
80$89,451,716$34,517,028$25,829,860$73,021,407
81$98,502,582$36,135,154$26,621,952$79,653,507
82$108,474,331$37,830,262$27,438,273$86,928,899
83$119,460,820$39,606,052$28,279,562$94,911,786
84$131,565,477$41,466,402$29,146,580$103,672,853
85$144,902,278$43,415,378$30,040,113$113,289,932
86$159,596,822$45,457,243$30,960,968$123,848,725
87$175,787,516$47,596,466$31,909,979$135,443,604
88$193,626,884$49,837,734$32,888,005$148,178,490
89$213,283,002$52,185,959$33,895,929$162,167,827
90$234,941,088$54,646,291$34,934,663$177,537,650
91$258,805,251$57,224,131$36,005,146$194,426,764
92$285,100,414$59,925,141$37,108,345$212,988,042
93$314,074,439$62,755,256$38,245,258$233,389,854
94$346,000,470$65,720,702$39,416,912$255,817,649
95$381,179,504$68,828,003$40,624,365$280,475,686
96$419,943,240$72,084,001$41,868,708$307,588,952
97$462,657,205$75,495,872$43,151,064$337,405,269
98$509,724,207$79,071,136$44,472,592$370,197,621
99$561,588,136$82,817,682$45,834,483$406,266,711
100$618,738,155$86,743,778$47,237,968$445,943,785