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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,181,161
2 years$629,563$617,838$606,475$595,457$584,770$538,114
3 years$415,540$403,764$392,429$381,515$371,002$326,015
4 years$308,549$296,809$285,588$274,860$264,602$221,626
5 years$244,371$232,702$221,628$211,119$201,146$160,293
6 years$201,600$190,019$179,108$168,834$159,160$120,457
7 years$171,061$159,577$148,840$138,807$129,440$92,875
8 years$148,168$136,787$126,228$116,442$107,383$72,921
9 years$130,371$119,098$108,720$99,183$90,432$58,024
10 years$116,142$104,979$94,785$85,497$77,052$46,639
11 years$104,507$93,457$83,447$74,408$66,268$37,780
12 years$94,819$83,882$74,057$65,265$57,426$30,791
13 years$86,627$75,805$66,165$57,620$50,077$25,216
14 years$79,612$68,904$59,450$51,148$43,897$20,731
15 years$73,538$62,945$53,675$45,615$38,650$17,097
16 years$68,228$57,751$48,664$40,844$34,159$14,136
17 years$63,548$53,187$44,283$36,698$30,288$11,712
18 years$59,392$49,147$40,424$33,072$26,931$9,720
19 years$55,678$45,549$37,006$29,883$24,004$8,078
20 years$52,340$42,326$33,963$27,065$21,441$6,722
21 years$49,323$39,425$31,239$24,563$19,187$5,598
22 years$46,585$36,802$28,792$22,334$17,198$4,666
23 years$44,088$34,420$26,584$20,340$15,438$3,892
24 years$41,803$32,249$24,586$18,551$13,876$3,248
25 years$39,704$30,264$22,771$16,942$12,487$2,712
26 years$37,769$28,444$21,119$15,491$11,247$2,265
27 years$35,981$26,769$19,611$14,179$10,141$1,892
28 years$34,323$25,224$18,231$12,991$9,150$1,581
29 years$32,783$23,796$16,966$11,913$8,262$1,322
30 years$31,348$22,473$15,803$10,933$7,465$1,105
31 years$30,008$21,244$14,732$10,041$6,749$924
32 years$28,754$20,101$13,746$9,228$6,105$773
33 years$27,579$19,036$12,834$8,486$5,525$646
34 years$26,475$18,042$11,992$7,808$5,003$541
35 years$25,437$17,113$11,211$7,188$4,531$452
36 years$24,459$16,242$10,488$6,620$4,105$378
37 years$23,535$15,427$9,817$6,099$3,721$316
38 years$22,663$14,661$9,193$5,622$3,373$265
39 years$21,837$13,941$8,613$5,183$3,059$222
40 years$21,054$13,264$8,073$4,781$2,775$185
41 years$20,312$12,626$7,570$4,411$2,517$155
42 years$19,606$12,024$7,101$4,071$2,284$130
43 years$18,936$11,457$6,663$3,758$2,073$109
44 years$18,297$10,921$6,254$3,470$1,882$91
45 years$17,689$10,414$5,873$3,204$1,708$76
46 years$17,109$9,934$5,516$2,960$1,551$64
47 years$16,555$9,481$5,182$2,735$1,408$53
48 years$16,026$9,050$4,869$2,527$1,279$45
49 years$15,520$8,643$4,577$2,335$1,162$37
50 years$15,036$8,256$4,303$2,159$1,055$31

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 $6,493 every year, while hoping to spend $33,944 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: 75/20/5 Blend
61$15,400,000$15,400,000$15,400,000$15,400,000
62$16,977,498$16,161,298$15,922,598$18,244,753
63$18,673,086$16,917,085$16,419,888$19,834,185
64$20,540,487$17,708,768$16,932,701$21,570,287
65$22,597,189$18,538,071$17,461,519$23,471,569
66$24,862,465$19,406,798$18,006,842$25,554,364
67$27,357,550$20,316,845$18,569,185$27,836,649
68$30,105,846$21,270,196$19,149,078$30,338,208
69$33,133,139$22,268,933$19,747,070$33,080,819
70$36,467,847$23,315,238$20,363,724$36,088,455
71$40,141,280$24,411,398$20,999,622$39,387,507
72$44,187,946$25,559,812$21,655,364$43,007,027
73$48,645,868$26,762,994$22,331,570$46,979,003
74$53,556,947$28,023,581$23,028,878$51,338,650
75$58,967,355$29,344,336$23,747,945$56,124,746
76$64,927,975$30,728,158$24,489,451$61,379,986
77$71,494,875$32,178,084$25,254,094$67,151,386
78$78,729,843$33,697,301$26,042,597$73,490,719
79$86,700,966$35,289,147$26,855,703$80,454,998
80$95,483,274$36,957,126$27,694,179$88,107,011
81$105,159,451$38,704,908$28,558,817$96,515,906
82$115,820,610$40,536,343$29,450,432$105,757,837
83$127,567,156$42,455,467$30,369,865$115,916,682
84$140,509,734$44,466,514$31,317,984$127,084,821
85$154,770,273$46,573,919$32,295,683$139,364,004
86$170,483,136$48,782,337$33,303,884$152,866,309
87$187,796,390$51,096,645$34,343,537$167,715,183
88$206,873,201$53,521,960$35,415,625$184,046,609
89$227,893,376$56,063,644$36,521,157$202,010,375
90$251,055,061$58,727,324$37,661,177$221,771,483
91$276,576,610$61,518,895$38,836,758$243,511,694
92$304,698,645$64,444,542$40,049,011$267,431,238
93$335,686,332$67,510,749$41,299,078$293,750,695
94$369,831,878$70,724,316$42,588,137$322,713,061
95$407,457,294$74,092,372$43,917,404$354,586,037
96$448,917,433$77,622,394$45,288,132$389,664,543
97$494,603,341$81,322,220$46,701,614$428,273,489
98$544,945,946$85,200,073$48,159,182$470,770,833
99$600,420,127$89,264,572$49,662,210$517,550,941
100$661,549,201$93,524,757$51,212,115$569,048,304