Can I retire at age 62 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,187,659
2 years$625,475$613,826$602,537$591,591$580,973$548,572
3 years$412,841$401,142$389,881$379,038$368,593$337,190
4 years$306,545$294,882$283,734$273,075$262,884$232,720
5 years$242,784$231,191$220,189$209,748$199,840$170,998
6 years$200,291$188,785$177,945$167,737$158,127$130,635
7 years$169,950$158,541$147,873$137,906$128,599$102,459
8 years$147,205$135,899$125,408$115,686$106,686$81,884
9 years$129,524$118,325$108,014$98,539$89,845$66,360
10 years$115,387$104,297$94,169$84,941$76,552$54,354
11 years$103,829$92,850$82,905$73,924$65,837$44,892
12 years$94,203$83,337$73,576$64,842$57,053$37,323
13 years$86,065$75,312$65,735$57,245$49,752$31,196
14 years$79,095$68,457$59,064$50,816$43,612$26,187
15 years$73,060$62,537$53,326$45,319$38,399$22,061
16 years$67,785$57,376$48,348$40,578$33,937$18,639
17 years$63,135$52,841$43,995$36,459$30,091$15,786
18 years$59,006$48,828$40,162$32,857$26,756$13,398
19 years$55,316$45,253$36,766$29,689$23,848$11,390
20 years$52,000$42,051$33,742$26,889$21,302$9,697
21 years$49,003$39,169$31,036$24,404$19,062$8,266
22 years$46,282$36,563$28,605$22,189$17,087$7,053
23 years$43,802$34,197$26,411$20,208$15,338$6,023
24 years$41,531$32,040$24,426$18,431$13,786$5,148
25 years$39,446$30,068$22,623$16,832$12,405$4,402
26 years$37,524$28,259$20,982$15,390$11,174$3,767
27 years$35,747$26,595$19,484$14,087$10,075$3,225
28 years$34,100$25,060$18,113$12,907$9,091$2,761
29 years$32,570$23,642$16,855$11,836$8,209$2,366
30 years$31,144$22,327$15,700$10,862$7,417$2,027
31 years$29,813$21,106$14,637$9,976$6,706$1,737
32 years$28,568$19,971$13,656$9,168$6,066$1,489
33 years$27,400$18,913$12,751$8,431$5,489$1,277
34 years$26,304$17,925$11,914$7,757$4,970$1,095
35 years$25,272$17,002$11,139$7,141$4,502$939
36 years$24,300$16,137$10,420$6,577$4,079$806
37 years$23,383$15,326$9,753$6,060$3,697$691
38 years$22,516$14,566$9,133$5,585$3,351$593
39 years$21,695$13,850$8,557$5,150$3,039$509
40 years$20,918$13,178$8,020$4,750$2,757$437
41 years$20,180$12,544$7,520$4,382$2,501$375
42 years$19,479$11,946$7,054$4,044$2,269$322
43 years$18,813$11,382$6,620$3,734$2,059$276
44 years$18,179$10,850$6,214$3,447$1,869$237
45 years$17,574$10,346$5,834$3,184$1,697$203
46 years$16,998$9,870$5,480$2,941$1,541$174
47 years$16,448$9,419$5,148$2,717$1,399$150
48 years$15,922$8,992$4,838$2,511$1,271$128
49 years$15,419$8,587$4,547$2,320$1,154$110
50 years$14,938$8,202$4,275$2,145$1,048$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,300,000, adding $5,832 every year, while hoping to spend $51,227 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: 61/13/26 Blend
61$15,300,000$15,300,000$15,300,000$15,300,000
62$16,866,616$16,055,716$15,818,566$17,777,736
63$18,532,505$16,787,941$16,293,983$19,129,862
64$20,366,599$17,554,328$16,783,609$20,598,988
65$22,385,999$18,356,497$17,287,867$22,201,497
66$24,609,551$19,196,145$17,807,190$23,950,405
67$27,058,021$20,075,052$18,342,027$25,860,034
68$29,754,291$20,995,082$18,892,837$27,946,143
69$32,723,576$21,958,188$19,460,095$30,226,078
70$35,993,660$22,966,419$20,044,287$32,718,924
71$39,595,160$24,021,919$20,645,917$35,445,691
72$43,561,812$25,126,939$21,265,500$38,429,504
73$47,930,792$26,283,835$21,903,571$41,695,817
74$52,743,068$27,495,077$22,560,675$45,272,654
75$58,043,780$28,763,256$23,237,377$49,190,864
76$63,882,675$30,091,084$23,934,258$53,484,413
77$70,314,567$31,481,406$24,651,915$58,190,698
78$77,399,861$32,937,204$25,390,963$63,350,896
79$85,205,122$34,461,602$26,152,035$69,010,349
80$93,803,699$36,057,875$26,935,783$75,218,988
81$103,276,423$37,729,457$27,742,878$82,031,795
82$113,712,363$39,479,946$28,574,009$89,509,322
83$125,209,675$41,313,114$29,429,889$97,718,257
84$137,876,519$43,232,914$30,311,248$106,732,043
85$151,832,089$45,243,492$31,218,840$116,631,572
86$167,207,730$47,349,191$32,153,439$127,505,938
87$184,148,183$49,554,565$33,115,843$139,453,275
88$202,812,947$51,864,389$34,106,874$152,581,673
89$223,377,790$54,283,666$35,127,376$167,010,196
90$246,036,401$56,817,642$36,178,220$182,869,995
91$271,002,224$59,471,817$37,260,300$200,305,543
92$298,510,469$62,251,954$38,374,539$219,475,986
93$328,820,335$65,164,098$39,521,884$240,556,642
94$362,217,454$68,214,583$40,703,312$263,740,646
95$399,016,588$71,410,052$41,919,827$289,240,763
96$439,564,603$74,757,467$43,172,463$317,291,390
97$484,243,737$78,264,127$44,462,285$348,150,758
98$533,475,214$81,937,685$45,790,388$382,103,360
99$587,723,218$85,786,164$47,157,898$419,462,627
100$647,499,275$89,817,975$48,565,976$460,573,876