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%15.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,154,928
2 years$605,035$593,767$582,846$572,257$561,987$536,677
3 years$399,350$388,033$377,140$366,651$356,548$331,961
4 years$296,528$285,245$274,461$264,151$254,293$230,620
5 years$234,850$223,636$212,993$202,894$193,309$170,617
6 years$193,746$182,615$172,130$162,256$152,959$131,271
7 years$164,396$153,360$143,041$133,399$124,397$103,717
8 years$142,395$131,458$121,310$111,905$103,199$83,522
9 years$125,291$114,458$104,484$95,319$86,909$68,219
10 years$111,617$100,889$91,092$82,165$74,050$56,329
11 years$100,435$89,816$80,196$71,509$63,686$46,911
12 years$91,125$80,614$71,172$62,723$55,189$39,334
13 years$83,252$72,851$63,587$55,375$48,126$33,164
14 years$76,510$66,220$57,133$49,155$42,187$28,088
15 years$70,673$60,493$51,584$43,838$37,144$23,878
16 years$65,570$55,501$46,768$39,252$32,828$20,362
17 years$61,072$51,114$42,557$35,268$29,108$17,409
18 years$57,078$47,232$38,849$31,783$25,881$14,917
19 years$53,509$43,774$35,565$28,719$23,069$12,805
20 years$50,301$40,677$32,639$26,011$20,605$11,009
21 years$47,402$37,889$30,022$23,606$18,439$9,478
22 years$44,770$35,368$27,670$21,463$16,528$8,170
23 years$42,370$33,079$25,548$19,547$14,837$7,048
24 years$40,174$30,993$23,628$17,828$13,336$6,086
25 years$38,157$29,085$21,884$16,282$12,000$5,259
26 years$36,298$27,336$20,296$14,887$10,809$4,547
27 years$34,579$25,726$18,847$13,627$9,745$3,934
28 years$32,986$24,241$17,521$12,485$8,793$3,405
29 years$31,506$22,869$16,305$11,449$7,940$2,948
30 years$30,126$21,597$15,187$10,507$7,175$2,553
31 years$28,839$20,417$14,158$9,650$6,486$2,212
32 years$27,634$19,318$13,210$8,869$5,867$1,917
33 years$26,505$18,295$12,334$8,155$5,310$1,662
34 years$25,444$17,339$11,524$7,504$4,808$1,441
35 years$24,446$16,446$10,775$6,908$4,354$1,249
36 years$23,506$15,610$10,079$6,362$3,945$1,083
37 years$22,618$14,826$9,434$5,861$3,576$940
38 years$21,780$14,090$8,835$5,403$3,242$815
39 years$20,986$13,398$8,277$4,982$2,940$707
40 years$20,234$12,747$7,758$4,595$2,666$613
41 years$19,520$12,134$7,275$4,239$2,419$532
42 years$18,843$11,556$6,824$3,912$2,195$462
43 years$18,198$11,010$6,403$3,612$1,992$401
44 years$17,585$10,495$6,011$3,335$1,808$348
45 years$17,000$10,008$5,644$3,080$1,642$302
46 years$16,442$9,547$5,301$2,845$1,491$262
47 years$15,910$9,111$4,980$2,628$1,353$227
48 years$15,402$8,698$4,680$2,429$1,229$197
49 years$14,915$8,306$4,399$2,244$1,116$171
50 years$14,450$7,934$4,135$2,075$1,014$149

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 $2,726 every year, while hoping to spend $36,638 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: 28/49/23 Blend
61$14,800,000$14,800,000$14,800,000$14,800,000
62$16,312,412$15,528,012$15,298,612$16,651,298
63$17,937,295$16,249,902$15,772,133$17,638,808
64$19,726,689$17,005,937$16,260,289$18,695,664
65$21,697,334$17,797,750$16,763,531$19,830,426
66$23,867,679$18,627,056$17,282,326$21,049,778
67$26,258,050$19,495,651$17,817,153$22,361,030
68$28,890,850$20,405,416$18,368,506$23,772,178
69$31,790,761$21,358,326$18,936,895$25,291,976
70$34,984,984$22,356,450$19,522,847$26,930,003
71$38,503,493$23,401,956$20,126,902$28,696,753
72$42,379,315$24,497,118$20,749,619$30,603,719
73$46,648,848$25,644,319$21,391,574$32,663,493
74$51,352,199$26,846,059$22,053,360$34,889,876
75$56,533,564$28,104,957$22,735,589$37,297,998
76$62,241,647$29,423,759$23,438,891$39,904,447
77$68,530,117$30,805,345$24,163,915$42,727,419
78$75,458,115$32,252,733$24,911,332$45,786,873
79$83,090,813$33,769,088$25,681,833$49,104,710
80$91,500,030$35,357,727$26,476,128$52,704,964
81$100,764,907$37,022,129$27,294,952$56,614,017
82$110,972,655$38,765,941$28,139,060$60,860,835
83$122,219,380$40,592,986$29,009,233$65,477,221
84$134,610,987$42,507,273$29,906,273$70,498,107
85$148,264,183$44,513,005$30,831,008$75,961,859
86$163,307,575$46,614,588$31,784,293$81,910,630
87$179,882,888$48,816,643$32,767,006$88,390,734
88$198,146,298$51,124,013$33,780,056$95,453,066
89$218,269,909$53,541,779$34,824,377$103,153,564
90$240,443,378$56,075,264$35,900,932$111,553,715
91$264,875,704$58,730,054$37,010,715$120,721,113
92$291,797,201$61,512,001$38,154,749$130,730,079
93$321,461,672$64,427,246$39,334,089$141,662,330
94$354,148,806$67,482,224$40,549,825$153,607,735
95$390,166,815$70,683,685$41,803,075$166,665,132
96$429,855,349$74,038,704$43,094,997$180,943,236
97$473,588,696$77,554,702$44,426,781$196,561,633
98$521,779,320$81,239,459$45,799,655$213,651,886
99$574,881,752$85,101,134$47,214,884$232,358,737
100$633,396,881$89,148,280$48,673,773$252,841,451