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%12.6%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,222,575
2 years$633,651$621,850$610,413$599,324$588,568$575,059
3 years$418,238$406,386$394,978$383,993$373,411$360,230
4 years$310,552$298,737$287,443$276,645$266,320$253,567
5 years$245,958$234,213$223,067$212,490$202,452$190,165
6 years$202,909$191,253$180,271$169,930$160,194$148,388
7 years$172,172$160,614$149,806$139,709$130,280$118,960
8 years$149,130$137,676$127,048$117,198$108,080$97,245
9 years$131,217$119,871$109,426$99,827$91,019$80,665
10 years$116,896$105,661$95,400$86,052$77,553$67,673
11 years$105,186$94,064$83,989$74,891$66,698$57,284
12 years$95,434$84,426$74,538$65,689$57,799$48,842
13 years$87,190$76,297$66,595$57,994$50,402$41,890
14 years$80,129$69,352$59,836$51,480$44,182$36,104
15 years$74,015$63,354$54,024$45,911$38,901$31,245
16 years$68,671$58,126$48,980$41,109$34,381$27,132
17 years$63,960$53,532$44,570$36,936$30,485$23,631
18 years$59,778$49,466$40,687$33,287$27,106$20,632
19 years$56,040$45,845$37,247$30,077$24,160$18,053
20 years$52,680$42,601$34,183$27,241$21,580$15,825
21 years$49,644$39,681$31,442$24,723$19,312$13,895
22 years$46,887$37,041$28,979$22,479$17,310$12,216
23 years$44,374$34,644$26,757$20,472$15,539$10,754
24 years$42,074$32,459$24,745$18,671$13,966$9,477
25 years$39,961$30,461$22,919$17,052$12,568$8,359
26 years$38,014$28,628$21,256$15,591$11,320$7,378
27 years$36,214$26,943$19,738$14,271$10,206$6,518
28 years$34,546$25,388$18,349$13,075$9,209$5,761
29 years$32,996$23,951$17,076$11,990$8,316$5,095
30 years$31,551$22,619$15,905$11,004$7,514$4,508
31 years$30,203$21,382$14,828$10,106$6,793$3,991
32 years$28,941$20,232$13,835$9,288$6,145$3,534
33 years$27,758$19,160$12,918$8,541$5,561$3,131
34 years$26,647$18,159$12,070$7,859$5,035$2,774
35 years$25,602$17,224$11,284$7,234$4,560$2,459
36 years$24,618$16,348$10,556$6,663$4,132$2,180
37 years$23,688$15,527$9,880$6,139$3,745$1,933
38 years$22,810$14,756$9,252$5,658$3,395$1,714
39 years$21,979$14,031$8,669$5,217$3,079$1,520
40 years$21,191$13,350$8,125$4,812$2,793$1,349
41 years$20,444$12,708$7,619$4,440$2,534$1,197
42 years$19,734$12,102$7,147$4,097$2,299$1,062
43 years$19,059$11,531$6,706$3,782$2,086$942
44 years$18,416$10,992$6,295$3,492$1,894$836
45 years$17,804$10,482$5,911$3,225$1,719$742
46 years$17,220$9,999$5,551$2,979$1,561$659
47 years$16,663$9,542$5,216$2,752$1,417$585
48 years$16,130$9,109$4,901$2,543$1,287$519
49 years$15,621$8,699$4,607$2,351$1,169$461
50 years$15,133$8,309$4,331$2,173$1,062$409

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 $6,223 every year, while hoping to spend $57,283 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: 55/39/6 Blend
61$15,500,000$15,500,000$15,500,000$15,500,000
62$17,087,419$16,265,919$16,025,669$18,004,491
63$18,769,387$17,002,000$16,501,580$19,359,783
64$20,620,996$17,772,230$16,991,515$20,827,681
65$22,659,489$18,578,220$17,495,881$22,424,379
66$24,903,865$19,421,661$18,015,102$24,162,110
67$27,375,060$20,304,324$18,549,609$26,054,315
68$30,096,144$21,228,064$19,099,849$28,115,764
69$33,092,537$22,194,825$19,666,280$30,362,686
70$36,392,249$23,206,644$20,249,373$32,812,924
71$40,026,146$24,265,658$20,849,615$35,486,087
72$44,028,241$25,374,103$21,467,505$38,403,738
73$48,436,011$26,534,323$22,103,556$41,589,582
74$53,290,755$27,748,776$22,758,296$45,069,690
75$58,637,983$29,020,037$23,432,270$48,872,733
76$64,527,843$30,350,804$24,126,036$53,030,242
77$71,015,595$31,743,906$24,840,171$57,576,906
78$78,162,134$33,202,306$25,575,265$62,550,881
79$86,034,563$34,729,110$26,331,927$67,994,148
80$94,706,826$36,327,574$27,110,785$73,952,895
81$104,260,408$38,001,111$27,912,481$80,477,945
82$114,785,099$39,753,295$28,737,679$87,625,227
83$126,379,848$41,587,875$29,587,060$95,456,287
84$139,153,692$43,508,780$30,461,326$104,038,864
85$153,226,785$45,520,127$31,361,197$113,447,513
86$168,731,535$47,626,232$32,287,416$123,764,299
87$185,813,852$49,831,617$33,240,744$135,079,555
88$204,634,524$52,141,025$34,221,968$147,492,723
89$225,370,735$54,559,426$35,231,894$161,113,280
90$248,217,740$57,092,027$36,271,352$176,061,752
91$273,390,704$59,744,291$37,341,197$192,470,836
92$301,126,735$62,521,941$38,442,307$210,486,642
93$331,687,122$65,430,976$39,575,584$230,270,047
94$365,359,801$68,477,685$40,741,958$251,998,199
95$402,462,071$71,668,663$41,942,384$275,866,172
96$443,343,593$75,010,818$43,177,845$302,088,783
97$488,389,688$78,511,396$44,449,351$330,902,601
98$538,024,974$82,177,992$45,757,941$362,568,160
99$592,717,374$86,018,567$47,104,685$397,372,392
100$652,982,535$90,041,465$48,490,681$435,631,313