Can I retire at age 62 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,157,077
2 years$609,123$597,778$586,784$576,124$565,784$534,694
3 years$402,048$390,655$379,688$369,128$358,957$328,818
4 years$298,531$287,173$276,316$265,936$256,011$227,056
5 years$236,437$225,147$214,432$204,264$194,615$166,924
6 years$195,055$183,849$173,293$163,352$153,993$127,592
7 years$165,507$154,396$144,007$134,301$125,237$100,130
8 years$143,357$132,346$122,130$112,661$103,896$80,069
9 years$126,138$115,231$105,190$95,963$87,496$64,928
10 years$112,371$101,571$91,707$82,721$74,551$53,215
11 years$101,114$90,422$80,738$71,992$64,116$43,980
12 years$91,740$81,158$71,653$63,146$55,562$36,588
13 years$83,815$73,343$64,017$55,749$48,451$30,602
14 years$77,027$66,667$57,519$49,488$42,472$25,706
15 years$71,150$60,902$51,932$44,134$37,395$21,671
16 years$66,013$55,876$47,084$39,517$33,050$18,323
17 years$61,484$51,460$42,845$35,506$29,305$15,530
18 years$57,464$47,551$39,112$31,998$26,056$13,190
19 years$53,870$44,070$35,805$28,913$23,225$11,221
20 years$50,640$40,952$32,860$26,186$20,745$9,561
21 years$47,722$38,145$30,225$23,766$18,564$8,156
22 years$45,072$35,607$27,857$21,609$16,640$6,965
23 years$42,657$33,303$25,721$19,679$14,937$5,953
24 years$40,446$31,202$23,787$17,949$13,426$5,091
25 years$38,415$29,282$22,032$16,392$12,081$4,358
26 years$36,543$27,520$20,434$14,988$10,882$3,732
27 years$34,813$25,900$18,974$13,719$9,811$3,197
28 years$33,209$24,405$17,639$12,569$8,853$2,740
29 years$31,718$23,023$16,415$11,526$7,994$2,349
30 years$30,330$21,743$15,290$10,578$7,223$2,015
31 years$29,034$20,555$14,254$9,715$6,530$1,728
32 years$27,821$19,449$13,299$8,929$5,907$1,483
33 years$26,684$18,418$12,418$8,211$5,346$1,273
34 years$25,616$17,456$11,602$7,554$4,840$1,092
35 years$24,611$16,557$10,847$6,954$4,384$938
36 years$23,665$15,715$10,147$6,405$3,972$805
37 years$22,771$14,926$9,498$5,901$3,600$691
38 years$21,927$14,185$8,894$5,439$3,264$593
39 years$21,128$13,488$8,333$5,015$2,960$510
40 years$20,371$12,833$7,811$4,626$2,685$438
41 years$19,652$12,216$7,324$4,268$2,435$376
42 years$18,970$11,634$6,870$3,939$2,210$323
43 years$18,321$11,085$6,447$3,636$2,006$277
44 years$17,703$10,566$6,051$3,357$1,821$238
45 years$17,115$10,076$5,682$3,100$1,653$205
46 years$16,553$9,612$5,337$2,864$1,501$176
47 years$16,018$9,173$5,014$2,646$1,363$151
48 years$15,506$8,757$4,711$2,445$1,237$130
49 years$15,016$8,362$4,428$2,260$1,124$111
50 years$14,548$7,988$4,163$2,089$1,021$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,900,000, adding $5,322 every year, while hoping to spend $38,676 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: 46/49/5 Blend
61$14,900,000$14,900,000$14,900,000$14,900,000
62$16,425,290$15,635,590$15,404,640$17,158,793
63$18,059,518$16,360,583$15,879,544$18,387,797
64$19,859,142$17,119,804$16,369,062$19,715,700
65$21,840,990$17,914,890$16,873,641$21,155,192
66$24,023,607$18,747,556$17,393,744$22,716,579
67$26,427,429$19,619,600$17,929,849$24,411,170
68$29,074,973$20,532,907$18,482,445$26,251,374
69$31,991,053$21,489,452$19,052,039$28,250,811
70$35,203,012$22,491,307$19,639,154$30,424,433
71$38,740,980$23,540,641$20,244,327$32,788,657
72$42,638,160$24,639,732$20,868,111$35,361,514
73$46,931,138$25,790,965$21,511,079$38,162,805
74$51,660,232$26,996,840$22,173,818$41,214,285
75$56,869,871$28,259,981$22,856,936$44,539,855
76$62,609,012$29,583,134$23,561,057$48,165,776
77$68,931,605$30,969,182$24,286,827$52,120,913
78$75,897,102$32,421,145$25,034,909$56,436,988
79$83,571,016$33,942,190$25,805,988$61,148,877
80$92,025,540$35,535,638$26,600,768$66,294,916
81$101,340,229$37,204,968$27,419,978$71,917,263
82$111,602,751$38,953,830$28,264,366$78,062,271
83$122,909,713$40,786,049$29,134,704$84,780,920
84$135,367,575$42,705,637$30,031,788$92,129,279
85$149,093,653$44,716,799$30,956,438$100,169,021
86$164,217,226$46,823,942$31,909,500$108,967,992
87$180,880,759$49,031,691$32,891,843$118,600,829
88$199,241,243$51,344,891$33,904,366$129,149,654
89$219,471,682$53,768,622$34,947,995$140,704,824
90$241,762,722$56,308,213$36,023,681$153,365,770
91$266,324,453$58,969,250$37,132,409$167,241,913
92$293,388,393$61,757,588$38,275,189$182,453,677
93$323,209,667$64,679,368$39,453,067$199,133,600
94$356,069,425$67,741,029$40,667,116$217,427,567
95$392,277,488$70,949,321$41,918,446$237,496,161
96$432,175,276$74,311,322$43,208,198$259,516,152
97$476,139,031$77,834,454$44,537,550$283,682,140
98$524,583,369$81,526,499$45,907,714$310,208,364
99$577,965,191$85,395,615$47,319,941$339,330,698
100$636,787,999$89,450,360$48,775,518$371,308,839