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%18.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,117,896
2 years$592,771$581,731$571,031$560,658$550,595$512,326
3 years$391,255$380,167$369,495$359,219$349,320$312,338
4 years$290,517$279,463$268,898$258,797$249,138$213,725
5 years$230,090$219,103$208,676$198,781$189,391$155,642
6 years$189,818$178,914$168,641$158,967$149,859$117,801
7 years$161,064$150,252$140,141$130,695$121,875$91,505
8 years$139,508$128,793$118,851$109,637$101,107$72,401
9 years$122,752$112,138$102,366$93,386$85,147$58,071
10 years$109,354$98,844$89,245$80,500$72,549$47,061
11 years$98,400$87,995$78,570$70,059$62,395$38,446
12 years$89,277$78,980$69,729$61,451$54,070$31,606
13 years$81,565$71,374$62,298$54,252$47,150$26,115
14 years$74,959$64,877$55,975$48,159$41,332$21,666
15 years$69,240$59,267$50,538$42,949$36,392$18,034
16 years$64,240$54,376$45,820$38,457$32,163$15,052
17 years$59,834$50,078$41,695$34,553$28,518$12,591
18 years$55,921$46,275$38,062$31,139$25,357$10,552
19 years$52,424$42,887$34,844$28,137$22,601$8,856
20 years$49,281$39,852$31,978$25,483$20,188$7,443
21 years$46,441$37,121$29,413$23,128$18,066$6,261
22 years$43,862$34,651$27,109$21,028$16,193$5,272
23 years$41,511$32,408$25,030$19,151$14,536$4,443
24 years$39,360$30,365$23,149$17,467$13,065$3,746
25 years$37,383$28,496$21,441$15,952$11,757$3,160
26 years$35,562$26,781$19,885$14,585$10,590$2,667
27 years$33,878$25,204$18,465$13,350$9,548$2,252
28 years$32,317$23,750$17,166$12,232$8,615$1,902
29 years$30,867$22,405$15,974$11,217$7,779$1,607
30 years$29,516$21,160$14,879$10,294$7,029$1,358
31 years$28,254$20,003$13,871$9,454$6,355$1,148
32 years$27,074$18,927$12,942$8,689$5,749$970
33 years$25,967$17,924$12,084$7,990$5,202$820
34 years$24,928$16,988$11,291$7,352$4,710$693
35 years$23,951$16,113$10,556$6,768$4,266$586
36 years$23,029$15,293$9,875$6,233$3,865$496
37 years$22,160$14,525$9,243$5,743$3,503$419
38 years$21,338$13,804$8,656$5,293$3,176$355
39 years$20,561$13,126$8,109$4,881$2,880$300
40 years$19,824$12,489$7,601$4,502$2,612$254
41 years$19,125$11,888$7,127$4,153$2,370$215
42 years$18,461$11,322$6,686$3,833$2,151$182
43 years$17,829$10,787$6,273$3,538$1,952$154
44 years$17,228$10,282$5,889$3,267$1,772$130
45 years$16,655$9,805$5,529$3,017$1,608$110
46 years$16,109$9,354$5,193$2,787$1,460$93
47 years$15,588$8,926$4,879$2,575$1,326$79
48 years$15,089$8,521$4,585$2,379$1,204$67
49 years$14,613$8,138$4,310$2,199$1,094$56
50 years$14,157$7,773$4,052$2,032$993$48

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 $6,881 every year, while hoping to spend $24,480 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: 50/24/26 Blend
61$14,500,000$14,500,000$14,500,000$14,500,000
62$15,986,098$15,217,598$14,992,848$16,667,743
63$17,590,633$15,937,214$15,469,062$17,863,345
64$19,358,011$16,691,270$15,960,408$19,159,100
65$21,304,815$17,481,429$16,467,369$20,567,005
66$23,449,319$18,309,433$16,990,439$22,097,702
67$25,811,663$19,177,108$17,530,132$23,762,884
68$28,414,037$20,086,371$18,086,976$25,575,404
69$31,280,895$21,039,229$18,661,516$27,549,388
70$34,439,185$22,037,790$19,254,315$29,700,365
71$37,918,600$23,084,260$19,865,953$32,045,408
72$41,751,865$24,180,956$20,497,030$34,603,293
73$45,975,037$25,330,305$21,148,163$37,394,664
74$50,627,855$26,534,854$21,819,990$40,442,231
75$55,754,106$27,797,271$22,513,169$43,770,968
76$61,402,044$29,120,357$23,228,380$47,408,351
77$67,624,844$30,507,046$23,966,322$51,384,607
78$74,481,103$31,960,416$24,727,718$55,732,991
79$82,035,393$33,483,695$25,513,315$60,490,097
80$90,358,874$35,080,266$26,323,882$65,696,192
81$99,529,960$36,753,680$27,160,213$71,395,589
82$109,635,063$38,507,657$28,023,127$77,637,058
83$120,769,407$40,346,100$28,913,469$84,474,277
84$133,037,929$42,273,101$29,832,112$91,966,332
85$146,556,266$44,292,952$30,779,957$100,178,261
86$161,451,850$46,410,152$31,757,930$109,181,662
87$177,865,110$48,629,420$32,766,992$119,055,355
88$195,950,795$50,955,705$33,808,130$129,886,121
89$215,879,438$53,394,197$34,882,364$141,769,503
90$237,838,965$55,950,337$35,990,748$154,810,702
91$262,036,469$58,629,833$37,134,367$169,125,553
92$288,700,163$61,438,668$38,314,342$184,841,612
93$318,081,536$64,383,120$39,531,830$202,099,339
94$350,457,730$67,469,770$40,788,023$221,053,417
95$386,134,149$70,705,519$42,084,152$241,874,192
96$425,447,349$74,097,607$43,421,489$264,749,271
97$468,768,213$77,653,624$44,801,343$289,885,274
98$516,505,449$81,381,530$46,225,067$317,509,766
99$569,109,455$85,289,675$47,694,056$347,873,393
100$627,076,563$89,386,812$49,209,751$381,252,227