Can I retire at age 62 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,226,148
2 years$633,651$621,850$610,413$599,324$588,568$578,645
3 years$418,238$406,386$394,978$383,993$373,411$363,717
4 years$310,552$298,737$287,443$276,645$266,320$256,929
5 years$245,958$234,213$223,067$212,490$202,452$193,392
6 years$202,909$191,253$180,271$169,930$160,194$151,475
7 years$172,172$160,614$149,806$139,709$130,280$121,908
8 years$149,130$137,676$127,048$117,198$108,080$100,054
9 years$131,217$119,871$109,426$99,827$91,019$83,336
10 years$116,896$105,661$95,400$86,052$77,553$70,210
11 years$105,186$94,064$83,989$74,891$66,698$59,689
12 years$95,434$84,426$74,538$65,689$57,799$51,117
13 years$87,190$76,297$66,595$57,994$50,402$44,041
14 years$80,129$69,352$59,836$51,480$44,182$38,133
15 years$74,015$63,354$54,024$45,911$38,901$33,156
16 years$68,671$58,126$48,980$41,109$34,381$28,931
17 years$63,960$53,532$44,570$36,936$30,485$25,321
18 years$59,778$49,466$40,687$33,287$27,106$22,218
19 years$56,040$45,845$37,247$30,077$24,160$19,539
20 years$52,680$42,601$34,183$27,241$21,580$17,216
21 years$49,644$39,681$31,442$24,723$19,312$15,194
22 years$46,887$37,041$28,979$22,479$17,310$13,430
23 years$44,374$34,644$26,757$20,472$15,539$11,885
24 years$42,074$32,459$24,745$18,671$13,966$10,530
25 years$39,961$30,461$22,919$17,052$12,568$9,339
26 years$38,014$28,628$21,256$15,591$11,320$8,289
27 years$36,214$26,943$19,738$14,271$10,206$7,363
28 years$34,546$25,388$18,349$13,075$9,209$6,545
29 years$32,996$23,951$17,076$11,990$8,316$5,821
30 years$31,551$22,619$15,905$11,004$7,514$5,180
31 years$30,203$21,382$14,828$10,106$6,793$4,612
32 years$28,941$20,232$13,835$9,288$6,145$4,108
33 years$27,758$19,160$12,918$8,541$5,561$3,660
34 years$26,647$18,159$12,070$7,859$5,035$3,262
35 years$25,602$17,224$11,284$7,234$4,560$2,908
36 years$24,618$16,348$10,556$6,663$4,132$2,593
37 years$23,688$15,527$9,880$6,139$3,745$2,313
38 years$22,810$14,756$9,252$5,658$3,395$2,064
39 years$21,979$14,031$8,669$5,217$3,079$1,841
40 years$21,191$13,350$8,125$4,812$2,793$1,643
41 years$20,444$12,708$7,619$4,440$2,534$1,467
42 years$19,734$12,102$7,147$4,097$2,299$1,310
43 years$19,059$11,531$6,706$3,782$2,086$1,169
44 years$18,416$10,992$6,295$3,492$1,894$1,044
45 years$17,804$10,482$5,911$3,225$1,719$932
46 years$17,220$9,999$5,551$2,979$1,561$832
47 years$16,663$9,542$5,216$2,752$1,417$744
48 years$16,130$9,109$4,901$2,543$1,287$664
49 years$15,621$8,699$4,607$2,351$1,169$593
50 years$15,133$8,309$4,331$2,173$1,062$530

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,500,000, adding $5,108 every year, while hoping to spend $48,624 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: 64/16/20 Blend
61$15,500,000$15,500,000$15,500,000$15,500,000
62$17,086,269$16,264,769$16,024,519$18,092,330
63$18,777,333$17,010,007$16,509,605$19,514,902
64$20,639,255$17,790,132$17,009,311$21,062,434
65$22,689,413$18,606,802$17,524,077$22,751,976
66$24,946,953$19,461,756$18,054,353$24,597,415
67$27,432,974$20,356,813$18,600,605$26,614,035
68$30,170,723$21,293,883$19,163,312$28,818,652
69$33,185,820$22,274,966$19,742,966$31,229,771
70$36,506,494$23,302,160$20,340,076$33,867,759
71$40,163,852$24,377,661$20,955,164$36,755,033
72$44,192,172$25,503,774$21,588,769$39,916,266
73$48,629,226$26,682,911$22,241,445$43,378,618
74$53,516,638$27,917,604$22,913,764$47,171,988
75$58,900,273$29,210,505$23,606,313$51,329,292
76$64,830,674$30,564,393$24,319,698$55,886,767
77$71,363,538$31,982,183$25,054,543$60,884,314
78$78,560,237$33,466,929$25,811,489$66,365,864
79$86,488,405$35,021,832$26,591,197$72,379,790
80$95,222,570$36,650,249$27,394,350$78,979,360
81$104,844,858$38,355,697$28,221,646$86,223,233
82$115,445,772$40,141,865$29,073,810$94,176,005
83$127,125,041$42,012,616$29,951,583$102,908,817
84$139,992,565$43,972,005$30,855,731$112,500,017
85$154,169,451$46,024,277$31,787,042$123,035,896
86$169,789,155$48,173,887$32,746,328$134,611,493
87$186,998,743$50,425,501$33,734,424$147,331,488
88$205,960,278$52,784,015$34,752,191$161,311,179
89$226,852,352$55,254,557$35,800,514$176,677,567
90$249,871,767$57,842,505$36,880,307$193,570,546
91$275,235,397$60,553,498$37,992,507$212,144,212
92$303,182,234$63,393,445$39,138,082$232,568,314
93$333,975,642$66,368,545$40,318,029$255,029,845
94$367,905,846$69,485,292$41,533,371$279,734,795
95$405,292,668$72,750,497$42,785,165$306,910,091
96$446,488,550$76,171,301$44,074,497$336,805,726
97$491,881,876$79,755,189$45,402,487$369,697,108
98$541,900,644$83,510,009$46,770,287$405,887,652
99$597,016,501$87,443,991$48,179,083$445,711,626
100$657,749,198$91,565,760$49,630,096$489,537,302