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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,151,109
2 years$596,859$585,743$574,970$564,524$554,393$541,189
3 years$393,953$382,789$372,043$361,696$351,729$338,847
4 years$292,520$281,391$270,752$260,582$250,856$238,396
5 years$231,677$220,614$210,115$200,152$190,697$178,694
6 years$191,127$180,148$169,804$160,063$150,892$139,361
7 years$162,175$151,288$141,108$131,597$122,716$111,662
8 years$140,471$129,682$119,671$110,393$101,804$91,227
9 years$123,598$112,911$103,072$94,030$85,734$75,628
10 years$110,108$99,526$89,861$81,055$73,050$63,409
11 years$99,078$88,602$79,112$70,542$62,825$53,642
12 years$89,893$79,524$70,210$61,875$54,443$45,707
13 years$82,127$71,867$62,728$54,626$47,475$39,176
14 years$75,476$65,325$56,361$48,491$41,617$33,742
15 years$69,718$59,675$50,887$43,246$36,643$29,181
16 years$64,684$54,751$46,136$38,722$32,385$25,323
17 years$60,246$50,424$41,982$34,791$28,715$22,039
18 years$56,307$46,594$38,324$31,354$25,532$19,229
19 years$52,786$43,183$35,084$28,331$22,757$16,813
20 years$49,621$40,127$32,198$25,659$20,327$14,727
21 years$46,761$37,377$29,616$23,287$18,190$12,921
22 years$44,165$34,890$27,296$21,173$16,305$11,352
23 years$41,798$32,632$25,203$19,283$14,636$9,985
24 years$39,631$30,574$23,309$17,587$13,155$8,792
25 years$37,641$28,692$21,588$16,062$11,838$7,749
26 years$35,807$26,966$20,022$14,686$10,663$6,835
27 years$34,112$25,378$18,592$13,442$9,614$6,033
28 years$32,540$23,914$17,284$12,316$8,675$5,328
29 years$31,080$22,560$16,084$11,294$7,833$4,709
30 years$29,719$21,305$14,982$10,365$7,078$4,163
31 years$28,449$20,141$13,967$9,520$6,399$3,682
32 years$27,261$19,057$13,032$8,749$5,788$3,258
33 years$26,146$18,047$12,168$8,045$5,238$2,883
34 years$25,100$17,105$11,369$7,402$4,743$2,553
35 years$24,116$16,224$10,629$6,814$4,296$2,261
36 years$23,188$15,399$9,943$6,276$3,892$2,002
37 years$22,313$14,625$9,307$5,782$3,528$1,774
38 years$21,485$13,899$8,715$5,330$3,198$1,572
39 years$20,702$13,217$8,165$4,914$2,900$1,393
40 years$19,961$12,575$7,653$4,533$2,630$1,235
41 years$19,257$11,970$7,176$4,182$2,386$1,095
42 years$18,588$11,400$6,732$3,859$2,165$970
43 years$17,952$10,862$6,317$3,563$1,965$860
44 years$17,347$10,353$5,929$3,290$1,784$763
45 years$16,770$9,873$5,567$3,038$1,619$677
46 years$16,220$9,418$5,229$2,806$1,470$600
47 years$15,695$8,988$4,913$2,593$1,335$532
48 years$15,193$8,580$4,617$2,396$1,213$472
49 years$14,714$8,194$4,339$2,214$1,101$419
50 years$14,255$7,827$4,080$2,046$1,000$371

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 $6,836 every year, while hoping to spend $28,987 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: 56/39/5 Blend
61$14,600,000$14,600,000$14,600,000$14,600,000
62$16,096,251$15,322,451$15,096,151$16,981,431
63$17,707,227$16,042,410$15,571,030$18,297,630
64$19,481,551$16,796,674$16,060,847$19,726,565
65$21,435,853$17,586,896$16,566,069$21,282,077
66$23,588,461$18,414,804$17,087,183$22,976,209
67$25,959,569$19,282,214$17,624,688$24,822,191
68$28,571,429$20,191,027$18,179,100$26,834,562
69$31,448,565$21,143,238$18,750,950$29,029,298
70$34,617,999$22,140,936$19,340,787$31,423,958
71$38,109,507$23,186,315$19,949,176$34,037,846
72$41,955,905$24,281,672$20,576,701$36,892,180
73$46,193,351$25,429,417$21,223,964$40,010,294
74$50,861,691$26,632,077$21,891,586$43,417,843
75$56,004,836$27,892,301$22,580,206$47,143,042
76$61,671,171$29,212,867$23,290,485$51,216,921
77$67,914,019$30,596,686$24,023,105$55,673,613
78$74,792,138$32,046,812$24,778,768$60,550,665
79$82,370,278$33,566,448$25,558,198$65,889,382
80$90,719,793$35,158,950$26,362,144$71,735,211
81$99,919,312$36,827,839$27,191,376$78,138,156
82$110,055,484$38,576,805$28,046,690$85,153,241
83$121,223,794$40,409,719$28,928,905$92,841,017
84$133,529,465$42,330,640$29,838,867$101,268,124
85$147,088,452$44,343,822$30,777,450$110,507,905
86$162,028,533$46,453,729$31,745,554$120,641,088
87$178,490,519$48,665,038$32,744,106$131,756,532
88$196,629,584$50,982,656$33,774,065$143,952,055
89$216,616,723$53,411,727$34,836,418$157,335,337
90$238,640,374$55,957,648$35,932,184$172,024,928
91$262,908,194$58,626,074$37,062,413$188,151,344
92$289,649,015$61,422,937$38,228,190$205,858,286
93$319,115,013$64,354,459$39,430,632$225,303,980
94$351,584,079$67,427,162$40,670,893$246,662,645
95$387,362,448$70,647,887$41,950,161$270,126,128
96$426,787,590$74,023,805$43,269,664$295,905,683
97$470,231,393$77,562,441$44,630,667$324,233,954
98$518,103,676$81,271,681$46,034,474$355,367,143
99$570,856,054$85,159,797$47,482,433$389,587,406
100$628,986,208$89,235,463$48,975,931$427,205,490