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%17.6%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,174,681
2 years$621,387$609,814$598,598$587,724$577,176$539,835
3 years$410,143$398,520$387,333$376,560$366,184$330,062
4 years$304,542$292,955$281,879$271,291$261,166$226,538
5 years$241,198$229,680$218,750$208,377$198,534$165,495
6 years$198,982$187,551$176,782$166,641$157,093$125,672
7 years$168,840$157,505$146,907$137,005$127,759$97,953
8 years$146,243$135,011$124,589$114,930$105,988$77,778
9 years$128,678$117,551$107,308$97,895$89,257$62,613
10 years$114,633$103,616$93,554$84,386$76,052$50,933
11 years$103,150$92,243$82,363$73,441$65,407$41,771
12 years$93,587$82,792$73,095$64,418$56,680$34,477
13 years$85,502$74,820$65,306$56,871$49,426$28,603
14 years$78,578$68,009$58,678$50,484$43,327$23,829
15 years$72,583$62,128$52,978$45,023$38,148$19,919
16 years$67,342$57,001$48,032$40,313$33,716$16,697
17 years$62,722$52,496$43,707$36,221$29,895$14,029
18 years$58,621$48,509$39,899$32,642$26,581$11,809
19 years$54,955$44,957$36,526$29,495$23,692$9,957
20 years$51,660$41,776$33,522$26,714$21,162$8,406
21 years$48,683$38,913$30,833$24,244$18,938$7,105
22 years$45,980$36,324$28,418$22,044$16,975$6,011
23 years$43,515$33,973$26,239$20,076$15,238$5,089
24 years$41,260$31,831$24,266$18,310$13,696$4,311
25 years$39,188$29,871$22,476$16,722$12,324$3,655
26 years$37,279$28,074$20,845$15,290$11,101$3,100
27 years$35,514$26,421$19,356$13,995$10,009$2,630
28 years$33,877$24,897$17,994$12,822$9,031$2,232
29 years$32,357$23,487$16,745$11,758$8,155$1,895
30 years$30,941$22,181$15,598$10,791$7,368$1,609
31 years$29,618$20,968$14,541$9,911$6,662$1,367
32 years$28,381$19,840$13,567$9,108$6,026$1,161
33 years$27,221$18,789$12,668$8,376$5,454$986
34 years$26,132$17,808$11,836$7,707$4,938$838
35 years$25,107$16,890$11,066$7,094$4,472$712
36 years$24,141$16,032$10,352$6,534$4,052$605
37 years$23,230$15,226$9,689$6,020$3,672$515
38 years$22,368$14,470$9,073$5,549$3,329$437
39 years$21,553$13,760$8,501$5,116$3,019$372
40 years$20,781$13,091$7,968$4,719$2,739$316
41 years$20,048$12,462$7,471$4,354$2,485$269
42 years$19,352$11,868$7,008$4,018$2,254$228
43 years$18,690$11,308$6,576$3,709$2,046$194
44 years$18,060$10,779$6,173$3,425$1,857$165
45 years$17,459$10,279$5,796$3,163$1,686$140
46 years$16,887$9,805$5,444$2,922$1,531$119
47 years$16,340$9,357$5,115$2,699$1,390$102
48 years$15,818$8,933$4,806$2,494$1,262$86
49 years$15,318$8,530$4,518$2,305$1,147$73
50 years$14,841$8,149$4,247$2,131$1,041$62

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 $2,420 every year, while hoping to spend $37,104 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: 67/24/9 Blend
61$15,200,000$15,200,000$15,200,000$15,200,000
62$16,752,896$15,947,296$15,711,696$17,845,441
63$18,422,213$16,689,235$16,198,560$19,313,529
64$20,260,557$17,466,286$16,700,489$20,913,273
65$22,285,129$18,280,129$17,217,951$22,661,227
66$24,514,885$19,132,528$17,751,425$24,571,875
67$26,970,710$20,025,329$18,301,405$26,661,151
68$29,675,622$20,960,470$18,868,401$28,946,583
69$32,654,983$21,939,980$19,452,940$31,447,457
70$35,936,741$22,965,989$20,055,563$34,184,995
71$39,551,693$24,040,726$20,676,829$37,182,550
72$43,533,776$25,166,533$21,317,313$40,465,822
73$47,920,388$26,345,859$21,977,610$44,063,094
74$52,752,738$27,581,277$22,658,331$48,005,499
75$58,076,239$28,875,482$23,360,107$52,327,303
76$63,940,933$30,231,298$24,083,588$57,066,225
77$70,401,964$31,651,688$24,829,444$62,263,791
78$77,520,101$33,139,757$25,598,367$67,965,714
79$85,362,308$34,698,761$26,391,069$74,222,321
80$94,002,377$36,332,115$27,208,283$81,089,026
81$103,521,627$38,043,395$28,050,768$88,626,840
82$114,009,666$39,836,355$28,919,302$96,902,942
83$125,565,244$41,714,928$29,814,691$105,991,308
84$138,297,179$43,683,240$30,737,763$115,973,398
85$152,325,385$45,745,613$31,689,372$126,938,919
86$167,782,009$47,906,582$32,670,400$138,986,663
87$184,812,670$50,170,900$33,681,755$152,225,428
88$203,577,841$52,543,553$34,724,372$166,775,040
89$224,254,359$55,029,765$35,799,217$182,767,470
90$247,037,096$57,635,017$36,907,283$200,348,073
91$272,140,800$60,365,052$38,049,597$219,676,947
92$299,802,118$63,225,896$39,227,215$240,930,433
93$330,281,834$66,223,865$40,441,226$264,302,770
94$363,867,327$69,365,581$41,692,754$290,007,914
95$400,875,288$72,657,988$42,982,955$318,281,547
96$441,654,706$76,108,368$44,313,023$349,383,286
97$486,590,165$79,724,357$45,684,187$383,599,120
98$536,105,470$83,513,959$47,097,716$421,244,097
99$590,667,655$87,485,569$48,554,916$462,665,280
100$650,791,384$91,647,991$50,057,135$508,245,010