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%12.7%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,182,646
2 years$613,211$601,790$590,722$579,991$569,581$556,016
3 years$404,746$393,277$382,236$371,606$361,366$348,131
4 years$300,535$289,100$278,170$267,721$257,729$244,927
5 years$238,024$226,658$215,871$205,635$195,922$183,590
6 years$196,364$185,083$174,456$164,448$155,026$143,179
7 years$166,618$155,433$144,974$135,202$126,078$114,721
8 years$144,319$133,234$122,949$113,418$104,594$93,726
9 years$126,984$116,005$105,896$96,607$88,083$77,700
10 years$113,125$102,252$92,323$83,276$75,051$65,146
11 years$101,793$91,029$81,280$72,475$64,546$55,111
12 years$92,356$81,703$72,133$63,570$55,935$46,959
13 years$84,377$73,836$64,446$56,123$48,776$40,249
14 years$77,544$67,114$57,905$49,820$42,757$34,667
15 years$71,628$61,310$52,281$44,430$37,646$29,981
16 years$66,456$56,251$47,400$39,783$33,272$26,017
17 years$61,897$51,805$43,132$35,744$29,501$22,643
18 years$57,849$47,870$39,374$32,213$26,231$19,756
19 years$54,232$44,366$36,045$29,107$23,380$17,274
20 years$50,980$41,227$33,081$26,362$20,884$15,131
21 years$48,042$38,401$30,428$23,925$18,689$13,275
22 years$45,375$35,846$28,044$21,754$16,752$11,663
23 years$42,943$33,526$25,894$19,811$15,037$10,259
24 years$40,717$31,412$23,947$18,069$13,516$9,033
25 years$38,672$29,478$22,180$16,502$12,162$7,961
26 years$36,788$27,705$20,571$15,088$10,955$7,022
27 years$35,046$26,074$19,102$13,811$9,877$6,198
28 years$33,432$24,569$17,757$12,654$8,912$5,474
29 years$31,931$23,178$16,525$11,604$8,048$4,838
30 years$30,534$21,889$15,392$10,649$7,272$4,277
31 years$29,228$20,693$14,350$9,780$6,574$3,783
32 years$28,007$19,579$13,389$8,989$5,947$3,347
33 years$26,863$18,542$12,501$8,266$5,382$2,962
34 years$25,788$17,574$11,680$7,605$4,873$2,623
35 years$24,776$16,668$10,920$7,001$4,413$2,323
36 years$23,823$15,821$10,216$6,448$3,999$2,057
37 years$22,924$15,026$9,562$5,941$3,624$1,823
38 years$22,074$14,280$8,954$5,476$3,286$1,615
39 years$21,270$13,579$8,389$5,049$2,980$1,431
40 years$20,507$12,919$7,863$4,657$2,703$1,269
41 years$19,784$12,298$7,373$4,297$2,452$1,125
42 years$19,097$11,712$6,916$3,965$2,225$997
43 years$18,444$11,159$6,490$3,660$2,019$884
44 years$17,822$10,637$6,092$3,380$1,833$784
45 years$17,230$10,143$5,720$3,121$1,664$695
46 years$16,665$9,676$5,372$2,883$1,511$617
47 years$16,125$9,234$5,047$2,664$1,372$547
48 years$15,610$8,815$4,743$2,461$1,246$485
49 years$15,117$8,418$4,458$2,275$1,131$430
50 years$14,645$8,041$4,191$2,103$1,028$382

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 $3,525 every year, while hoping to spend $21,658 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: 44/47/9 Blend
61$15,000,000$15,000,000$15,000,000$15,000,000
62$16,533,636$15,738,636$15,506,136$17,218,495
63$18,197,023$16,486,785$16,002,548$18,441,964
64$20,029,349$17,270,868$16,514,863$19,764,703
65$22,047,825$18,092,622$17,043,593$21,197,803
66$24,271,412$18,953,869$17,589,262$22,751,407
67$26,721,008$19,856,521$18,152,415$24,436,640
68$29,419,642$20,802,582$18,733,611$26,265,708
69$32,392,688$21,794,151$19,333,430$28,252,005
70$35,668,111$22,833,433$19,952,469$30,410,231
71$39,276,725$23,922,738$20,591,343$32,756,525
72$43,252,488$25,064,489$21,250,690$35,308,605
73$47,632,818$26,261,226$21,931,165$38,085,929
74$52,458,953$27,515,613$22,633,446$41,109,868
75$57,776,332$28,830,444$23,358,232$44,403,899
76$63,635,031$30,208,649$24,106,246$47,993,812
77$70,090,230$31,653,299$24,878,232$51,907,949
78$77,202,740$33,167,617$25,674,959$56,177,453
79$85,039,569$34,754,980$26,497,220$60,836,558
80$93,674,563$36,418,932$27,345,834$65,922,890
81$103,189,097$38,163,187$28,221,648$71,477,818
82$113,672,844$39,991,643$29,125,533$77,546,826
83$125,224,625$41,908,385$30,058,389$84,179,927
84$137,953,338$43,917,697$31,021,146$91,432,123
85$151,978,988$46,024,073$32,014,763$99,363,907
86$167,433,817$48,232,225$33,040,231$108,041,816
87$184,463,558$50,547,095$34,098,570$117,539,043
88$203,228,804$52,973,867$35,190,835$127,936,112
89$223,906,529$55,517,973$36,318,116$139,321,615
90$246,691,757$58,185,115$37,481,534$151,793,027
91$271,799,401$60,981,271$38,682,250$165,457,614
92$299,466,294$63,912,707$39,921,460$180,433,411
93$329,953,426$66,986,000$41,200,399$196,850,324
94$363,548,406$70,208,044$42,520,342$214,851,327
95$400,568,174$73,586,070$43,882,605$234,593,786
96$441,362,001$77,127,660$45,288,545$256,250,919
97$486,314,778$80,840,768$46,739,564$280,013,405
98$535,850,654$84,733,735$48,237,109$306,091,153
99$590,437,041$88,815,308$49,782,672$334,715,251
100$650,589,022$93,094,661$51,377,795$366,140,120