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%17%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,138,784
2 years$600,947$589,755$578,908$568,391$558,190$524,785
3 years$396,652$385,411$374,592$364,174$354,139$321,790
4 years$294,524$283,318$272,607$262,367$252,575$221,531
5 years$233,263$222,125$211,554$201,523$192,003$162,349
6 years$192,436$181,382$170,967$161,159$151,926$123,689
7 years$163,286$152,324$142,074$132,498$123,556$96,737
8 years$141,433$130,570$120,490$111,149$102,502$77,084
9 years$124,445$113,684$103,778$94,674$86,321$62,281
10 years$110,862$100,207$90,476$81,610$73,550$50,854
11 years$99,757$89,209$79,654$71,025$63,256$41,867
12 years$90,509$80,069$70,691$62,299$54,816$34,694
13 years$82,690$72,359$63,158$55,001$47,801$28,900
14 years$75,993$65,772$56,747$48,823$41,902$24,177
15 years$70,195$60,084$51,235$43,542$36,894$20,296
16 years$65,127$55,126$46,452$38,987$32,607$17,086
17 years$60,659$50,769$42,270$35,029$28,911$14,419
18 years$56,692$46,913$38,587$31,569$25,707$12,192
19 years$53,147$43,478$35,324$28,525$22,913$10,326
20 years$49,961$40,402$32,419$25,835$20,466$8,758
21 years$47,081$37,633$29,819$23,447$18,315$7,436
22 years$44,467$35,129$27,483$21,318$16,417$6,321
23 years$42,084$32,856$25,376$19,415$14,737$5,377
24 years$39,903$30,784$23,468$17,708$13,246$4,577
25 years$37,899$28,889$21,736$16,172$11,919$3,899
26 years$36,052$27,151$20,159$14,787$10,736$3,322
27 years$34,345$25,552$18,720$13,535$9,680$2,833
28 years$32,763$24,078$17,402$12,401$8,734$2,416
29 years$31,293$22,714$16,194$11,372$7,887$2,061
30 years$29,923$21,451$15,084$10,436$7,126$1,759
31 years$28,644$20,279$14,063$9,585$6,443$1,501
32 years$27,447$19,188$13,121$8,809$5,828$1,282
33 years$26,326$18,171$12,251$8,100$5,274$1,094
34 years$25,272$17,222$11,447$7,453$4,775$935
35 years$24,281$16,335$10,702$6,861$4,325$798
36 years$23,347$15,504$10,011$6,319$3,919$682
37 years$22,466$14,725$9,370$5,822$3,552$583
38 years$21,633$13,994$8,775$5,366$3,220$498
39 years$20,844$13,307$8,221$4,948$2,920$425
40 years$20,097$12,661$7,706$4,564$2,648$363
41 years$19,388$12,052$7,225$4,211$2,403$310
42 years$18,715$11,478$6,778$3,886$2,180$265
43 years$18,075$10,936$6,360$3,587$1,979$227
44 years$17,466$10,424$5,970$3,312$1,796$194
45 years$16,885$9,941$5,606$3,059$1,631$166
46 years$16,331$9,483$5,265$2,825$1,480$141
47 years$15,803$9,050$4,946$2,610$1,344$121
48 years$15,298$8,639$4,648$2,412$1,221$103
49 years$14,815$8,250$4,369$2,229$1,109$88
50 years$14,352$7,881$4,107$2,060$1,007$75

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 $5,278 every year, while hoping to spend $52,038 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: 44/45/11 Blend
61$14,700,000$14,700,000$14,700,000$14,700,000
62$16,204,844$15,425,744$15,197,894$16,866,516
63$17,802,370$16,126,238$15,651,656$18,027,672
64$19,561,100$16,859,311$16,118,874$19,279,731
65$21,497,421$17,626,506$16,599,945$20,635,587
66$23,629,391$18,429,438$17,095,276$22,104,803
67$25,976,908$19,269,800$17,605,287$23,697,875
68$28,561,897$20,149,364$18,130,409$25,426,321
69$31,408,519$21,069,991$18,671,085$27,302,784
70$34,543,395$22,033,628$19,227,774$29,341,142
71$37,995,861$23,042,316$19,800,944$31,556,639
72$41,798,244$24,098,194$20,391,081$33,966,014
73$45,986,164$25,203,505$20,998,681$36,587,652
74$50,598,873$26,360,598$21,624,258$39,441,755
75$55,679,626$27,571,935$22,268,339$42,550,518
76$61,276,085$28,840,097$22,931,465$45,938,331
77$67,440,773$30,167,789$23,614,196$49,632,002
78$74,231,567$31,557,845$24,317,107$53,660,999
79$81,712,244$33,013,237$25,040,787$58,057,715
80$89,953,086$34,537,078$25,785,847$62,857,768
81$99,031,539$36,132,633$26,552,910$68,100,322
82$109,032,945$37,803,322$27,342,623$73,828,447
83$120,051,352$39,552,731$28,155,646$80,089,511
84$132,190,392$41,384,617$28,992,663$86,935,616
85$145,564,270$43,302,921$29,854,375$94,424,077
86$160,298,833$45,311,771$30,741,504$102,617,946
87$176,532,761$47,415,496$31,654,792$111,586,595
88$194,418,879$49,618,631$32,595,004$121,406,354
89$214,125,594$51,925,934$33,562,926$132,161,213
90$235,838,488$54,342,387$34,559,367$143,943,604
91$259,762,067$56,873,218$35,585,159$156,855,250
92$286,121,695$59,523,903$36,641,159$171,008,107
93$315,165,718$62,300,184$37,728,248$186,525,405
94$347,167,809$65,208,081$38,847,332$203,542,787
95$382,429,552$68,253,903$39,999,344$222,209,570
96$421,283,287$71,444,265$41,185,243$242,690,130
97$464,095,250$74,786,102$42,406,016$265,165,435
98$511,269,027$78,286,682$43,662,679$289,834,722
99$563,249,364$81,953,626$44,956,275$316,917,356
100$620,526,370$85,794,924$46,287,881$346,654,875