Can I retire at age 62 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,179,220
2 years$613,211$601,790$590,722$579,991$569,581$552,587
3 years$404,746$393,277$382,236$371,606$361,366$344,806
4 years$300,535$289,100$278,170$267,721$257,729$241,731
5 years$238,024$226,658$215,871$205,635$195,922$180,532
6 years$196,364$185,083$174,456$164,448$155,026$140,263
7 years$166,618$155,433$144,974$135,202$126,078$111,947
8 years$144,319$133,234$122,949$113,418$104,594$91,093
9 years$126,984$116,005$105,896$96,607$88,083$75,206
10 years$113,125$102,252$92,323$83,276$75,051$62,788
11 years$101,793$91,029$81,280$72,475$64,546$52,885
12 years$92,356$81,703$72,133$63,570$55,935$44,862
13 years$84,377$73,836$64,446$56,123$48,776$38,277
14 years$77,544$67,114$57,905$49,820$42,757$32,814
15 years$71,628$61,310$52,281$44,430$37,646$28,244
16 years$66,456$56,251$47,400$39,783$33,272$24,391
17 years$61,897$51,805$43,132$35,744$29,501$21,124
18 years$57,849$47,870$39,374$32,213$26,231$18,338
19 years$54,232$44,366$36,045$29,107$23,380$15,952
20 years$50,980$41,227$33,081$26,362$20,884$13,901
21 years$48,042$38,401$30,428$23,925$18,689$12,133
22 years$45,375$35,846$28,044$21,754$16,752$10,603
23 years$42,943$33,526$25,894$19,811$15,037$9,276
24 years$40,717$31,412$23,947$18,069$13,516$8,124
25 years$38,672$29,478$22,180$16,502$12,162$7,121
26 years$36,788$27,705$20,571$15,088$10,955$6,246
27 years$35,046$26,074$19,102$13,811$9,877$5,482
28 years$33,432$24,569$17,757$12,654$8,912$4,815
29 years$31,931$23,178$16,525$11,604$8,048$4,231
30 years$30,534$21,889$15,392$10,649$7,272$3,719
31 years$29,228$20,693$14,350$9,780$6,574$3,270
32 years$28,007$19,579$13,389$8,989$5,947$2,877
33 years$26,863$18,542$12,501$8,266$5,382$2,531
34 years$25,788$17,574$11,680$7,605$4,873$2,228
35 years$24,776$16,668$10,920$7,001$4,413$1,962
36 years$23,823$15,821$10,216$6,448$3,999$1,727
37 years$22,924$15,026$9,562$5,941$3,624$1,521
38 years$22,074$14,280$8,954$5,476$3,286$1,340
39 years$21,270$13,579$8,389$5,049$2,980$1,180
40 years$20,507$12,919$7,863$4,657$2,703$1,040
41 years$19,784$12,298$7,373$4,297$2,452$916
42 years$19,097$11,712$6,916$3,965$2,225$808
43 years$18,444$11,159$6,490$3,660$2,019$712
44 years$17,822$10,637$6,092$3,380$1,833$627
45 years$17,230$10,143$5,720$3,121$1,664$553
46 years$16,665$9,676$5,372$2,883$1,511$487
47 years$16,125$9,234$5,047$2,664$1,372$430
48 years$15,610$8,815$4,743$2,461$1,246$379
49 years$15,117$8,418$4,458$2,275$1,131$334
50 years$14,645$8,041$4,191$2,103$1,028$294

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,000,000, adding $4,541 every year, while hoping to spend $23,972 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: 71/10/19 Blend
61$15,000,000$15,000,000$15,000,000$15,000,000
62$16,534,684$15,739,684$15,507,184$17,632,837
63$18,195,716$16,485,423$16,001,169$19,110,217
64$20,025,369$17,266,899$16,510,898$20,723,911
65$22,040,819$18,085,839$17,036,875$22,490,099
66$24,260,989$18,944,052$17,579,618$24,423,878
67$26,706,735$19,843,435$18,139,660$26,541,871
68$29,401,038$20,785,979$18,717,554$28,862,374
69$32,369,221$21,773,770$19,313,870$31,405,533
70$35,639,191$22,808,994$19,929,194$34,193,528
71$39,241,700$23,893,946$20,564,133$37,250,778
72$43,210,635$25,031,031$21,219,313$40,604,173
73$47,583,340$26,222,771$21,895,380$44,283,322
74$52,400,964$27,471,811$22,592,999$48,320,832
75$57,708,857$28,780,924$23,312,858$52,752,609
76$63,556,988$30,153,017$24,055,667$57,618,196
77$70,000,427$31,591,141$24,822,158$62,961,143
78$77,099,856$33,098,492$25,613,086$68,829,413
79$84,922,147$34,678,424$26,429,230$75,275,835
80$93,540,993$36,334,453$27,271,396$82,358,592
81$103,037,599$38,070,267$28,140,413$90,141,772
82$113,501,455$39,889,731$29,037,138$98,695,967
83$125,031,177$41,796,901$29,962,455$108,098,935
84$137,735,436$43,796,028$30,917,276$118,436,328
85$151,733,988$45,891,571$31,902,543$129,802,498
86$167,158,803$48,088,206$32,919,226$142,301,383
87$184,155,309$50,390,837$33,968,329$156,047,480
88$202,883,768$52,804,605$35,050,885$171,166,923
89$223,520,786$55,334,904$36,167,963$187,798,667
90$246,260,979$57,987,388$37,320,663$206,095,795
91$271,318,816$60,767,987$38,510,122$226,226,957
92$298,930,638$63,682,920$39,737,514$248,377,952
93$329,356,890$66,738,711$41,004,048$272,753,481
94$362,884,583$69,942,198$42,310,974$299,579,069
95$399,830,000$73,300,555$43,659,580$329,103,189
96$440,541,681$76,821,303$45,051,198$361,599,595
97$485,403,718$80,512,333$46,487,198$397,369,907
98$534,839,377$84,381,917$47,968,999$436,746,441
99$589,315,094$88,438,731$49,498,061$480,095,344
100$649,344,880$92,691,875$51,075,892$527,820,041