Can I retire at age 62 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,163,017
2 years$605,035$593,767$582,846$572,257$561,987$544,738
3 years$399,350$388,033$377,140$366,651$356,548$339,743
4 years$296,528$285,245$274,461$264,151$254,293$238,062
5 years$234,850$223,636$212,993$202,894$193,309$177,699
6 years$193,746$182,615$172,130$162,256$152,959$137,987
7 years$164,396$153,360$143,041$133,399$124,397$110,069
8 years$142,395$131,458$121,310$111,905$103,199$89,513
9 years$125,291$114,458$104,484$95,319$86,909$73,858
10 years$111,617$100,889$91,092$82,165$74,050$61,625
11 years$100,435$89,816$80,196$71,509$63,686$51,873
12 years$91,125$80,614$71,172$62,723$55,189$43,975
13 years$83,252$72,851$63,587$55,375$48,126$37,496
14 years$76,510$66,220$57,133$49,155$42,187$32,123
15 years$70,673$60,493$51,584$43,838$37,144$27,630
16 years$65,570$55,501$46,768$39,252$32,828$23,845
17 years$61,072$51,114$42,557$35,268$29,108$20,636
18 years$57,078$47,232$38,849$31,783$25,881$17,901
19 years$53,509$43,774$35,565$28,719$23,069$15,561
20 years$50,301$40,677$32,639$26,011$20,605$13,550
21 years$47,402$37,889$30,022$23,606$18,439$11,817
22 years$44,770$35,368$27,670$21,463$16,528$10,319
23 years$42,370$33,079$25,548$19,547$14,837$9,021
24 years$40,174$30,993$23,628$17,828$13,336$7,894
25 years$38,157$29,085$21,884$16,282$12,000$6,914
26 years$36,298$27,336$20,296$14,887$10,809$6,060
27 years$34,579$25,726$18,847$13,627$9,745$5,315
28 years$32,986$24,241$17,521$12,485$8,793$4,664
29 years$31,506$22,869$16,305$11,449$7,940$4,095
30 years$30,126$21,597$15,187$10,507$7,175$3,596
31 years$28,839$20,417$14,158$9,650$6,486$3,160
32 years$27,634$19,318$13,210$8,869$5,867$2,778
33 years$26,505$18,295$12,334$8,155$5,310$2,442
34 years$25,444$17,339$11,524$7,504$4,808$2,148
35 years$24,446$16,446$10,775$6,908$4,354$1,889
36 years$23,506$15,610$10,079$6,362$3,945$1,662
37 years$22,618$14,826$9,434$5,861$3,576$1,463
38 years$21,780$14,090$8,835$5,403$3,242$1,287
39 years$20,986$13,398$8,277$4,982$2,940$1,133
40 years$20,234$12,747$7,758$4,595$2,666$997
41 years$19,520$12,134$7,275$4,239$2,419$878
42 years$18,843$11,556$6,824$3,912$2,195$773
43 years$18,198$11,010$6,403$3,612$1,992$681
44 years$17,585$10,495$6,011$3,335$1,808$599
45 years$17,000$10,008$5,644$3,080$1,642$528
46 years$16,442$9,547$5,301$2,845$1,491$465
47 years$15,910$9,111$4,980$2,628$1,353$409
48 years$15,402$8,698$4,680$2,429$1,229$361
49 years$14,915$8,306$4,399$2,244$1,116$318
50 years$14,450$7,934$4,135$2,075$1,014$280

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,800,000, adding $6,130 every year, while hoping to spend $31,877 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: 44/29/27 Blend
61$14,800,000$14,800,000$14,800,000$14,800,000
62$16,315,923$15,531,523$15,302,123$16,905,660
63$17,946,230$16,258,651$15,780,827$18,053,684
64$19,741,761$17,020,339$16,274,500$19,293,844
65$21,719,333$17,818,249$16,783,608$20,637,600
66$23,897,481$18,654,119$17,308,635$22,094,604
67$26,296,627$19,529,774$17,850,078$23,675,452
68$28,939,277$20,447,127$18,408,449$25,391,781
69$31,850,230$21,408,183$18,984,279$27,256,374
70$35,056,813$22,415,043$19,578,111$29,283,273
71$38,589,139$23,469,912$20,190,510$31,487,906
72$42,480,394$24,575,100$20,822,055$33,887,230
73$46,767,145$25,733,031$21,473,344$36,499,879
74$51,489,687$26,946,243$22,144,995$39,346,337
75$56,692,426$28,217,399$22,837,643$42,449,122
76$62,424,294$29,549,293$23,551,944$45,832,993
77$68,739,214$30,944,850$24,288,576$49,525,176
78$75,696,606$32,407,140$25,048,236$53,555,611
79$83,361,951$33,939,381$25,831,643$57,957,229
80$91,807,407$35,544,947$26,639,540$62,766,249
81$101,112,489$37,227,376$27,472,691$68,022,519
82$111,364,822$38,990,376$28,331,885$73,769,874
83$122,660,967$40,837,838$29,217,936$80,056,544
84$135,107,332$42,773,839$30,131,684$86,935,601
85$148,821,177$44,802,654$31,073,993$94,465,442
86$163,931,721$46,928,768$32,045,755$102,710,337
87$180,581,360$49,156,881$33,047,891$111,741,018
88$198,927,013$51,491,923$34,081,350$121,635,336
89$219,141,603$53,939,061$35,147,110$132,478,983
90$241,415,688$56,503,717$36,246,180$144,366,289
91$265,959,262$59,191,572$37,379,600$157,401,093
92$293,003,734$62,008,587$38,548,444$171,697,714
93$322,804,116$64,961,009$39,753,818$187,382,012
94$355,641,427$68,055,390$40,996,863$204,592,559
95$391,825,351$71,298,602$42,278,756$223,481,934
96$431,697,152$74,697,849$43,600,710$244,218,139
97$475,632,904$78,260,686$44,963,976$266,986,172
98$524,047,036$81,995,036$46,369,845$291,989,752
99$577,396,246$85,909,205$47,819,647$319,453,222
100$636,183,812$90,011,905$49,314,754$349,623,644