Can I retire at age 62 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,117,591
2 years$596,859$585,743$574,970$564,524$554,393$507,996
3 years$393,953$382,789$372,043$361,696$351,729$307,031
4 years$292,520$281,391$270,752$260,582$250,856$208,195
5 years$231,677$220,614$210,115$200,152$190,697$150,182
6 years$191,127$180,148$169,804$160,063$150,892$112,548
7 years$162,175$151,288$141,108$131,597$122,716$86,528
8 years$140,471$129,682$119,671$110,393$101,804$67,737
9 years$123,598$112,911$103,072$94,030$85,734$53,733
10 years$110,108$99,526$89,861$81,055$73,050$43,053
11 years$99,078$88,602$79,112$70,542$62,825$34,761
12 years$89,893$79,524$70,210$61,875$54,443$28,236
13 years$82,127$71,867$62,728$54,626$47,475$23,045
14 years$75,476$65,325$56,361$48,491$41,617$18,880
15 years$69,718$59,675$50,887$43,246$36,643$15,515
16 years$64,684$54,751$46,136$38,722$32,385$12,781
17 years$60,246$50,424$41,982$34,791$28,715$10,550
18 years$56,307$46,594$38,324$31,354$25,532$8,723
19 years$52,786$43,183$35,084$28,331$22,757$7,222
20 years$49,621$40,127$32,198$25,659$20,327$5,986
21 years$46,761$37,377$29,616$23,287$18,190$4,967
22 years$44,165$34,890$27,296$21,173$16,305$4,123
23 years$41,798$32,632$25,203$19,283$14,636$3,426
24 years$39,631$30,574$23,309$17,587$13,155$2,847
25 years$37,641$28,692$21,588$16,062$11,838$2,368
26 years$35,807$26,966$20,022$14,686$10,663$1,970
27 years$34,112$25,378$18,592$13,442$9,614$1,639
28 years$32,540$23,914$17,284$12,316$8,675$1,364
29 years$31,080$22,560$16,084$11,294$7,833$1,136
30 years$29,719$21,305$14,982$10,365$7,078$946
31 years$28,449$20,141$13,967$9,520$6,399$787
32 years$27,261$19,057$13,032$8,749$5,788$656
33 years$26,146$18,047$12,168$8,045$5,238$546
34 years$25,100$17,105$11,369$7,402$4,743$455
35 years$24,116$16,224$10,629$6,814$4,296$379
36 years$23,188$15,399$9,943$6,276$3,892$316
37 years$22,313$14,625$9,307$5,782$3,528$263
38 years$21,485$13,899$8,715$5,330$3,198$219
39 years$20,702$13,217$8,165$4,914$2,900$183
40 years$19,961$12,575$7,653$4,533$2,630$152
41 years$19,257$11,970$7,176$4,182$2,386$127
42 years$18,588$11,400$6,732$3,859$2,165$106
43 years$17,952$10,862$6,317$3,563$1,965$88
44 years$17,347$10,353$5,929$3,290$1,784$73
45 years$16,770$9,873$5,567$3,038$1,619$61
46 years$16,220$9,418$5,229$2,806$1,470$51
47 years$15,695$8,988$4,913$2,593$1,335$42
48 years$15,193$8,580$4,617$2,396$1,213$35
49 years$14,714$8,194$4,339$2,214$1,101$29
50 years$14,255$7,827$4,080$2,046$1,000$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,600,000, adding $2,817 every year, while hoping to spend $20,985 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: 45/29/26 Blend
61$14,600,000$14,600,000$14,600,000$14,600,000
62$16,092,106$15,318,306$15,092,006$16,695,230
63$17,711,173$16,046,575$15,575,260$17,851,264
64$19,494,681$16,809,826$16,074,000$19,101,959
65$21,459,382$17,609,751$16,588,722$20,457,960
66$23,623,734$18,448,123$17,119,940$21,929,099
67$26,008,078$19,326,804$17,668,181$23,526,169
68$28,634,828$20,247,745$18,233,991$25,261,028
69$31,528,686$21,212,990$18,817,936$27,146,698
70$34,716,871$22,224,685$19,420,595$29,197,485
71$38,229,376$23,285,079$20,042,569$31,429,110
72$42,099,256$24,396,531$20,684,479$33,858,847
73$46,362,933$25,561,514$21,346,962$36,505,684
74$51,060,547$26,782,622$22,030,679$39,390,492
75$56,236,327$28,062,576$22,736,312$42,536,215
76$61,939,017$29,404,227$23,464,563$45,968,081
77$68,222,329$30,810,566$24,216,158$49,713,831
78$75,145,453$32,284,730$24,991,845$53,803,973
79$82,773,615$33,830,008$25,792,399$58,272,062
80$91,178,695$35,449,849$26,618,615$63,155,005
81$100,439,901$37,147,871$27,471,318$68,493,404
82$110,644,521$38,927,867$28,351,357$74,331,928
83$121,888,745$40,793,815$29,259,610$80,719,722
84$134,278,571$42,749,886$30,196,982$87,710,865
85$147,930,811$44,800,457$31,164,406$95,364,864
86$162,974,188$46,950,113$32,162,848$103,747,209
87$179,550,554$49,203,667$33,193,302$112,929,974
88$197,816,229$51,566,165$34,256,796$122,992,491
89$217,943,475$54,042,898$35,354,390$134,022,079
90$240,122,126$56,639,416$36,487,178$146,114,859
91$264,561,373$59,361,539$37,656,289$159,376,642
92$291,491,748$62,215,369$38,862,890$173,923,920
93$321,167,293$65,207,308$40,108,182$189,884,941
94$353,867,959$68,344,068$41,393,409$207,400,912
95$389,902,254$71,632,691$42,719,851$226,627,305
96$429,610,149$75,080,558$44,088,832$247,735,316
97$473,366,293$78,695,414$45,501,716$270,913,454
98$521,583,544$82,485,379$46,959,913$296,369,305
99$574,716,873$86,458,969$48,464,877$324,331,471
100$633,267,653$90,625,118$50,018,110$355,051,703