Can I retire at age 62 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,181,330
2 years$621,387$609,814$598,598$587,724$577,176$546,406
3 years$410,143$398,520$387,333$376,560$366,184$336,346
4 years$304,542$292,955$281,879$271,291$261,166$232,489
5 years$241,198$229,680$218,750$208,377$198,534$171,098
6 years$198,982$187,551$176,782$166,641$157,093$130,926
7 years$168,840$157,505$146,907$137,005$127,759$102,862
8 years$146,243$135,011$124,589$114,930$105,988$82,351
9 years$128,678$117,551$107,308$97,895$89,257$66,859
10 years$114,633$103,616$93,554$84,386$76,052$54,865
11 years$103,150$92,243$82,363$73,441$65,407$45,402
12 years$93,587$82,792$73,095$64,418$56,680$37,821
13 years$85,502$74,820$65,306$56,871$49,426$31,676
14 years$78,578$68,009$58,678$50,484$43,327$26,645
15 years$72,583$62,128$52,978$45,023$38,148$22,493
16 years$67,342$57,001$48,032$40,313$33,716$19,045
17 years$62,722$52,496$43,707$36,221$29,895$16,166
18 years$58,621$48,509$39,899$32,642$26,581$13,750
19 years$54,955$44,957$36,526$29,495$23,692$11,716
20 years$51,660$41,776$33,522$26,714$21,162$9,997
21 years$48,683$38,913$30,833$24,244$18,938$8,541
22 years$45,980$36,324$28,418$22,044$16,975$7,305
23 years$43,515$33,973$26,239$20,076$15,238$6,253
24 years$41,260$31,831$24,266$18,310$13,696$5,357
25 years$39,188$29,871$22,476$16,722$12,324$4,592
26 years$37,279$28,074$20,845$15,290$11,101$3,939
27 years$35,514$26,421$19,356$13,995$10,009$3,380
28 years$33,877$24,897$17,994$12,822$9,031$2,902
29 years$32,357$23,487$16,745$11,758$8,155$2,492
30 years$30,941$22,181$15,598$10,791$7,368$2,141
31 years$29,618$20,968$14,541$9,911$6,662$1,839
32 years$28,381$19,840$13,567$9,108$6,026$1,581
33 years$27,221$18,789$12,668$8,376$5,454$1,359
34 years$26,132$17,808$11,836$7,707$4,938$1,168
35 years$25,107$16,890$11,066$7,094$4,472$1,004
36 years$24,141$16,032$10,352$6,534$4,052$864
37 years$23,230$15,226$9,689$6,020$3,672$743
38 years$22,368$14,470$9,073$5,549$3,329$639
39 years$21,553$13,760$8,501$5,116$3,019$550
40 years$20,781$13,091$7,968$4,719$2,739$473
41 years$20,048$12,462$7,471$4,354$2,485$407
42 years$19,352$11,868$7,008$4,018$2,254$350
43 years$18,690$11,308$6,576$3,709$2,046$301
44 years$18,060$10,779$6,173$3,425$1,857$259
45 years$17,459$10,279$5,796$3,163$1,686$223
46 years$16,887$9,805$5,444$2,922$1,531$192
47 years$16,340$9,357$5,115$2,699$1,390$165
48 years$15,818$8,933$4,806$2,494$1,262$142
49 years$15,318$8,530$4,518$2,305$1,147$122
50 years$14,841$8,149$4,247$2,131$1,041$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,200,000, adding $2,044 every year, while hoping to spend $42,700 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$15,200,000$15,200,000$15,200,000$15,200,000
62$16,752,508$15,946,908$15,711,308$17,983,993
63$18,415,832$16,682,874$16,192,205$19,533,104
64$20,247,383$17,453,472$16,687,780$21,225,907
65$22,264,276$18,260,352$17,198,481$23,081,149
66$24,485,370$19,105,247$17,724,767$25,115,036
67$26,931,445$19,989,971$18,267,114$27,345,413
68$29,625,399$20,916,426$18,826,009$29,791,931
69$32,592,465$21,886,606$19,401,956$32,476,230
70$35,860,448$22,902,602$19,995,473$35,422,143
71$39,459,987$23,966,603$20,607,095$38,655,919
72$43,424,845$25,080,906$21,237,372$42,206,466
73$47,792,227$26,247,918$21,886,872$46,105,624
74$52,603,130$27,470,162$22,556,178$50,388,464
75$57,902,732$28,750,283$23,245,893$55,093,615
76$63,740,818$30,091,053$23,956,637$60,263,627
77$70,172,246$31,495,380$24,689,049$65,945,369
78$77,257,471$32,966,309$25,443,788$72,190,473
79$85,063,110$34,507,035$26,221,531$79,055,812
80$93,662,573$36,120,905$27,022,979$86,604,040
81$103,136,757$37,811,431$27,848,850$94,904,177
82$113,574,806$39,582,292$28,699,887$104,032,260
83$125,074,957$41,437,345$29,576,854$114,072,055
84$137,745,462$43,380,634$30,480,538$125,115,846
85$151,705,614$45,416,400$31,411,750$137,265,305
86$167,086,870$47,549,086$32,371,327$150,632,442
87$184,034,093$49,783,354$33,360,129$165,340,664
88$202,706,921$52,124,089$34,379,044$181,525,936
89$223,281,269$54,576,411$35,428,984$199,338,057
90$245,950,995$57,145,693$36,510,892$218,942,073
91$270,929,728$59,837,563$37,625,738$240,519,831
92$298,452,880$62,657,923$38,774,520$264,271,686
93$328,779,877$65,612,964$39,958,269$290,418,396
94$362,196,598$68,709,173$41,178,045$319,203,194
95$399,018,081$71,953,353$42,434,940$350,894,083
96$439,591,496$75,352,637$43,730,080$385,786,359
97$484,299,415$78,914,504$45,064,625$424,205,393
98$533,563,435$82,646,794$46,439,769$466,509,699
99$587,848,147$86,557,728$47,856,744$513,094,309
100$647,665,529$90,655,928$49,316,815$564,394,501