Can I retire at age 62 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,218,747
2 years$629,563$617,838$606,475$595,457$584,770$575,423
3 years$415,540$403,764$392,429$381,515$371,002$361,869
4 years$308,549$296,809$285,588$274,860$264,602$255,752
5 years$244,371$232,702$221,628$211,119$201,146$192,607
6 years$201,600$190,019$179,108$168,834$159,160$150,941
7 years$171,061$159,577$148,840$138,807$129,440$121,546
8 years$148,168$136,787$126,228$116,442$107,383$99,813
9 years$130,371$119,098$108,720$99,183$90,432$83,185
10 years$116,142$104,979$94,785$85,497$77,052$70,124
11 years$104,507$93,457$83,447$74,408$66,268$59,653
12 years$94,819$83,882$74,057$65,265$57,426$51,119
13 years$86,627$75,805$66,165$57,620$50,077$44,070
14 years$79,612$68,904$59,450$51,148$43,897$38,183
15 years$73,538$62,945$53,675$45,615$38,650$33,222
16 years$68,228$57,751$48,664$40,844$34,159$29,009
17 years$63,548$53,187$44,283$36,698$30,288$25,406
18 years$59,392$49,147$40,424$33,072$26,931$22,309
19 years$55,678$45,549$37,006$29,883$24,004$19,633
20 years$52,340$42,326$33,963$27,065$21,441$17,311
21 years$49,323$39,425$31,239$24,563$19,187$15,290
22 years$46,585$36,802$28,792$22,334$17,198$13,524
23 years$44,088$34,420$26,584$20,340$15,438$11,978
24 years$41,803$32,249$24,586$18,551$13,876$10,620
25 years$39,704$30,264$22,771$16,942$12,487$9,426
26 years$37,769$28,444$21,119$15,491$11,247$8,373
27 years$35,981$26,769$19,611$14,179$10,141$7,444
28 years$34,323$25,224$18,231$12,991$9,150$6,622
29 years$32,783$23,796$16,966$11,913$8,262$5,894
30 years$31,348$22,473$15,803$10,933$7,465$5,249
31 years$30,008$21,244$14,732$10,041$6,749$4,677
32 years$28,754$20,101$13,746$9,228$6,105$4,169
33 years$27,579$19,036$12,834$8,486$5,525$3,718
34 years$26,475$18,042$11,992$7,808$5,003$3,316
35 years$25,437$17,113$11,211$7,188$4,531$2,959
36 years$24,459$16,242$10,488$6,620$4,105$2,641
37 years$23,535$15,427$9,817$6,099$3,721$2,358
38 years$22,663$14,661$9,193$5,622$3,373$2,105
39 years$21,837$13,941$8,613$5,183$3,059$1,880
40 years$21,054$13,264$8,073$4,781$2,775$1,679
41 years$20,312$12,626$7,570$4,411$2,517$1,500
42 years$19,606$12,024$7,101$4,071$2,284$1,341
43 years$18,936$11,457$6,663$3,758$2,073$1,198
44 years$18,297$10,921$6,254$3,470$1,882$1,070
45 years$17,689$10,414$5,873$3,204$1,708$957
46 years$17,109$9,934$5,516$2,960$1,551$855
47 years$16,555$9,481$5,182$2,735$1,408$764
48 years$16,026$9,050$4,869$2,527$1,279$683
49 years$15,520$8,643$4,577$2,335$1,162$611
50 years$15,036$8,256$4,303$2,159$1,055$546

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,400,000, adding $3,203 every year, while hoping to spend $50,284 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: 49/39/12 Blend
61$15,400,000$15,400,000$15,400,000$15,400,000
62$16,974,104$16,157,904$15,919,204$17,750,095
63$18,651,961$16,896,139$16,398,995$19,021,780
64$20,499,274$17,668,863$16,893,175$20,396,833
65$22,533,274$18,477,712$17,402,171$21,889,313
66$24,772,949$19,324,401$17,926,425$23,510,231
67$27,239,222$20,210,729$18,466,392$25,271,676
68$29,955,146$21,138,578$19,022,540$27,186,927
69$32,946,127$22,109,924$19,595,350$29,270,568
70$36,240,158$23,126,836$20,185,320$31,538,624
71$39,868,086$24,191,483$20,792,961$34,008,703
72$43,863,903$25,306,138$21,418,797$36,700,154
73$48,265,065$26,473,183$22,063,371$39,634,247
74$53,112,847$27,695,115$22,727,239$42,834,358
75$58,452,733$28,974,551$23,410,977$46,326,190
76$64,334,842$30,314,234$24,115,175$50,138,002
77$70,814,404$31,717,040$24,840,442$54,300,870
78$77,952,280$33,185,981$25,587,403$58,848,967
79$85,815,535$34,724,217$26,356,704$63,819,880
80$94,478,075$36,335,058$27,149,008$69,254,954
81$104,021,338$38,021,975$27,964,999$75,199,667
82$114,535,068$39,788,606$28,805,381$81,704,057
83$126,118,161$41,638,764$29,670,877$88,823,175
84$138,879,596$43,576,446$30,562,234$96,617,595
85$152,939,465$45,605,842$31,480,219$105,153,974
86$168,430,106$47,731,343$32,425,622$114,505,667
87$185,497,353$49,957,556$33,399,256$124,753,406
88$204,301,912$52,289,304$34,401,960$135,986,048
89$225,020,876$54,731,650$35,434,595$148,301,397
90$247,849,400$57,289,895$36,498,048$161,807,113
91$273,002,539$59,969,601$37,593,234$176,621,709
92$300,717,283$62,776,596$38,721,092$192,875,657
93$331,254,788$65,716,991$39,882,591$210,712,596
94$364,902,845$68,797,193$41,078,726$230,290,672
95$401,978,597$72,023,916$42,310,525$251,784,011
96$442,831,528$75,404,202$43,579,042$275,384,339
97$487,846,768$78,945,433$44,885,364$301,302,774
98$537,448,725$82,655,346$46,230,610$329,771,793
99$592,105,092$86,542,054$47,615,933$361,047,402
100$652,331,261$90,614,065$49,042,516$395,411,530