Can I retire at age 62 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,134,222
2 years$600,947$589,755$578,908$568,391$558,190$520,285
3 years$396,652$385,411$374,592$364,174$354,139$317,496
4 years$294,524$283,318$272,607$262,367$252,575$217,474
5 years$233,263$222,125$211,554$201,523$192,003$158,539
6 years$192,436$181,382$170,967$161,159$151,926$120,126
7 years$163,286$152,324$142,074$132,498$123,556$93,417
8 years$141,433$130,570$120,490$111,149$102,502$74,002
9 years$124,445$113,684$103,778$94,674$86,321$59,427
10 years$110,862$100,207$90,476$81,610$73,550$48,221
11 years$99,757$89,209$79,654$71,025$63,256$39,444
12 years$90,509$80,069$70,691$62,299$54,816$32,470
13 years$82,690$72,359$63,158$55,001$47,801$26,865
14 years$75,993$65,772$56,747$48,823$41,902$22,319
15 years$70,195$60,084$51,235$43,542$36,894$18,604
16 years$65,127$55,126$46,452$38,987$32,607$15,550
17 years$60,659$50,769$42,270$35,029$28,911$13,027
18 years$56,692$46,913$38,587$31,569$25,707$10,933
19 years$53,147$43,478$35,324$28,525$22,913$9,190
20 years$49,961$40,402$32,419$25,835$20,466$7,735
21 years$47,081$37,633$29,819$23,447$18,315$6,518
22 years$44,467$35,129$27,483$21,318$16,417$5,497
23 years$42,084$32,856$25,376$19,415$14,737$4,639
24 years$39,903$30,784$23,468$17,708$13,246$3,918
25 years$37,899$28,889$21,736$16,172$11,919$3,311
26 years$36,052$27,151$20,159$14,787$10,736$2,799
27 years$34,345$25,552$18,720$13,535$9,680$2,367
28 years$32,763$24,078$17,402$12,401$8,734$2,002
29 years$31,293$22,714$16,194$11,372$7,887$1,694
30 years$29,923$21,451$15,084$10,436$7,126$1,434
31 years$28,644$20,279$14,063$9,585$6,443$1,214
32 years$27,447$19,188$13,121$8,809$5,828$1,028
33 years$26,326$18,171$12,251$8,100$5,274$870
34 years$25,272$17,222$11,447$7,453$4,775$737
35 years$24,281$16,335$10,702$6,861$4,325$624
36 years$23,347$15,504$10,011$6,319$3,919$529
37 years$22,466$14,725$9,370$5,822$3,552$448
38 years$21,633$13,994$8,775$5,366$3,220$380
39 years$20,844$13,307$8,221$4,948$2,920$322
40 years$20,097$12,661$7,706$4,564$2,648$272
41 years$19,388$12,052$7,225$4,211$2,403$231
42 years$18,715$11,478$6,778$3,886$2,180$196
43 years$18,075$10,936$6,360$3,587$1,979$166
44 years$17,466$10,424$5,970$3,312$1,796$140
45 years$16,885$9,941$5,606$3,059$1,631$119
46 years$16,331$9,483$5,265$2,825$1,480$101
47 years$15,803$9,050$4,946$2,610$1,344$85
48 years$15,298$8,639$4,648$2,412$1,221$72
49 years$14,815$8,250$4,369$2,229$1,109$61
50 years$14,352$7,881$4,107$2,060$1,007$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,700,000, adding $2,378 every year, while hoping to spend $57,230 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: 44/43/13 Blend
61$14,700,000$14,700,000$14,700,000$14,700,000
62$16,201,853$15,422,753$15,194,903$16,854,034
63$17,793,550$16,117,576$15,643,040$18,003,893
64$19,545,681$16,844,526$16,104,271$19,243,476
65$21,474,552$17,605,119$16,578,976$20,585,745
66$23,598,126$18,400,940$17,067,541$22,040,180
67$25,936,200$19,233,651$17,570,369$23,617,181
68$28,510,587$20,104,994$18,087,870$25,328,168
69$31,345,320$21,016,793$18,620,468$27,185,673
70$34,466,886$21,970,959$19,168,597$29,203,460
71$37,904,469$22,969,496$19,732,705$31,396,644
72$41,690,227$24,014,503$20,313,252$33,781,825
73$45,859,596$25,108,180$20,910,713$36,377,244
74$50,451,625$26,252,832$21,525,572$39,202,939
75$55,509,344$27,450,873$22,158,332$42,280,930
76$61,080,167$28,704,836$22,809,506$45,635,420
77$67,216,343$30,017,372$23,479,623$49,293,010
78$73,975,448$31,391,261$24,169,229$53,282,945
79$81,420,928$32,829,417$24,878,882$57,637,379
80$89,622,696$34,334,892$25,609,158$62,391,664
81$98,657,795$35,910,885$26,360,648$67,584,681
82$108,611,121$37,560,750$27,133,962$73,259,189
83$119,576,229$39,288,001$27,929,723$79,462,219
84$131,656,212$41,096,320$28,748,576$86,245,507
85$144,964,674$42,989,568$29,591,182$93,665,968
86$159,626,804$44,971,790$30,458,219$101,786,221
87$175,780,557$47,047,227$31,350,389$110,675,162
88$193,577,955$49,220,322$32,268,408$120,408,607
89$213,186,523$51,495,734$33,213,016$131,069,985
90$234,790,868$53,878,346$34,184,972$142,751,114
91$258,594,426$56,373,273$35,185,058$155,553,048
92$284,821,375$58,985,882$36,214,075$169,587,016
93$313,718,758$61,721,793$37,272,850$184,975,449
94$345,558,811$64,586,900$38,362,229$201,853,123
95$380,641,532$67,587,381$39,483,087$220,368,406
96$419,297,517$70,729,710$40,636,318$240,684,636
97$461,891,074$74,020,676$41,822,845$262,981,647
98$508,823,667$77,467,394$43,043,615$287,457,438
99$560,537,706$81,077,321$44,299,601$314,330,018
100$617,520,719$84,858,277$45,591,804$343,839,443