Can I retire at age 62 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,183,661
2 years$617,299$605,802$594,660$583,857$573,379$552,854
3 years$407,445$395,899$384,785$374,083$363,775$343,799
4 years$302,538$291,027$280,025$269,506$259,447$240,175
5 years$239,611$228,169$217,311$207,006$197,228$178,714
6 years$197,673$186,317$175,619$165,545$156,060$138,325
7 years$167,729$156,469$145,940$136,103$126,918$109,968
8 years$145,281$134,123$123,769$114,174$105,291$89,122
9 years$127,831$116,778$106,602$97,251$88,670$73,274
10 years$113,879$102,934$92,938$83,831$75,551$60,914
11 years$102,471$91,636$81,821$72,958$64,977$51,082
12 years$92,972$82,248$72,614$63,994$56,307$43,138
13 years$84,940$74,328$64,876$56,497$49,101$36,637
14 years$78,061$67,562$58,292$50,152$43,042$31,262
15 years$72,105$61,719$52,629$44,727$37,897$26,779
16 years$66,899$56,626$47,716$40,048$33,494$23,013
17 years$62,310$52,150$43,420$35,983$29,698$19,831
18 years$58,235$48,189$39,637$32,428$26,406$17,129
19 years$54,593$44,661$36,286$29,301$23,536$14,824
20 years$51,320$41,502$33,301$26,538$21,023$12,851
21 years$48,362$38,657$30,631$24,085$18,813$11,157
22 years$45,677$36,085$28,231$21,899$16,863$9,698
23 years$43,229$33,750$26,066$19,943$15,138$8,439
24 years$40,988$31,621$24,107$18,190$13,606$7,350
25 years$38,930$29,675$22,328$16,612$12,243$6,407
26 years$37,033$27,890$20,708$15,189$11,028$5,589
27 years$35,280$26,247$19,229$13,903$9,943$4,878
28 years$33,655$24,733$17,876$12,738$8,972$4,260
29 years$32,144$23,333$16,635$11,681$8,101$3,722
30 years$30,737$22,035$15,495$10,720$7,320$3,253
31 years$29,423$20,830$14,445$9,846$6,618$2,844
32 years$28,194$19,710$13,478$9,048$5,986$2,487
33 years$27,042$18,666$12,584$8,321$5,418$2,176
34 years$25,960$17,691$11,758$7,656$4,905$1,904
35 years$24,942$16,779$10,993$7,048$4,443$1,666
36 years$23,982$15,926$10,284$6,491$4,025$1,459
37 years$23,077$15,126$9,625$5,980$3,648$1,277
38 years$22,221$14,375$9,014$5,512$3,308$1,118
39 years$21,411$13,669$8,445$5,083$2,999$979
40 years$20,644$13,005$7,915$4,688$2,721$858
41 years$19,916$12,380$7,422$4,325$2,468$751
42 years$19,225$11,790$6,962$3,992$2,240$658
43 years$18,567$11,234$6,533$3,685$2,033$576
44 years$17,941$10,708$6,132$3,402$1,845$505
45 years$17,345$10,211$5,758$3,142$1,675$442
46 years$16,776$9,741$5,408$2,902$1,521$388
47 years$16,233$9,296$5,081$2,681$1,381$340
48 years$15,714$8,874$4,775$2,478$1,254$298
49 years$15,218$8,474$4,488$2,290$1,139$261
50 years$14,743$8,095$4,219$2,117$1,035$228

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,100,000, adding $6,287 every year, while hoping to spend $40,559 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: 77/7/16 Blend
61$15,100,000$15,100,000$15,100,000$15,100,000
62$16,646,685$15,846,385$15,612,335$17,870,068
63$18,301,492$16,579,703$16,092,194$19,411,770
64$20,123,731$17,347,595$16,586,768$21,096,300
65$22,130,435$18,151,711$17,096,509$22,942,528
66$24,340,377$18,993,783$17,621,880$24,966,588
67$26,774,242$19,875,624$18,163,359$27,186,241
68$29,454,821$20,799,136$18,721,438$29,621,052
69$32,407,232$21,766,313$19,296,625$32,292,563
70$35,659,152$22,779,245$19,889,444$35,224,498
71$39,241,079$23,840,121$20,500,434$38,442,987
72$43,186,619$24,951,238$21,130,149$41,976,807
73$47,532,809$26,115,002$21,779,163$45,857,655
74$52,320,455$27,333,937$22,448,065$50,120,443
75$57,594,530$28,610,688$23,137,464$54,803,624
76$63,404,588$29,948,028$23,847,985$59,949,555
77$69,805,237$31,348,863$24,580,274$65,604,895
78$76,856,654$32,816,240$25,334,996$71,821,038
79$84,625,152$34,353,354$26,112,837$78,654,602
80$93,183,803$35,963,554$26,914,502$86,167,955
81$102,613,133$37,650,351$27,740,721$94,429,805
82$113,001,879$39,417,425$28,592,242$103,515,843
83$124,447,828$41,268,635$29,469,838$113,509,456
84$137,058,735$43,208,027$30,374,306$124,502,508
85$150,953,347$45,239,842$31,306,467$136,596,208
86$166,262,521$47,368,526$32,267,166$149,902,060
87$183,130,456$49,598,742$33,257,274$164,542,908
88$201,716,058$51,935,377$34,277,689$180,654,101
89$222,194,441$54,383,555$35,329,336$198,384,755
90$244,758,574$56,948,649$36,413,169$217,899,168
91$269,621,108$59,636,292$37,530,170$239,378,358
92$297,016,381$62,452,391$38,681,350$263,021,771
93$327,202,630$65,403,136$39,867,754$289,049,160
94$360,464,430$68,495,022$41,090,455$317,702,652
95$397,115,379$71,734,854$42,350,562$349,249,030
96$437,501,056$75,129,771$43,649,215$383,982,247
97$482,002,290$78,687,256$44,987,590$422,226,194
98$531,038,748$82,415,156$46,366,898$464,337,753
99$585,072,900$86,321,697$47,788,388$510,710,158
100$644,614,383$90,415,508$49,253,347$561,776,705