Can I retire at age 62 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,227,404
2 years$637,739$625,862$614,351$603,190$592,365$575,705
3 years$420,936$409,008$397,526$386,470$375,821$359,581
4 years$312,556$300,664$289,297$278,430$268,038$252,345
5 years$247,545$235,724$224,506$213,861$203,758$188,656
6 years$204,218$192,487$181,434$171,026$161,227$146,734
7 years$173,283$161,650$150,773$140,610$131,121$117,242
8 years$150,092$138,564$127,867$117,954$108,777$95,511
9 years$132,064$120,645$110,132$100,471$91,606$78,947
10 years$117,650$106,342$96,016$86,607$78,053$65,991
11 years$105,864$94,670$84,531$75,374$67,128$55,653
12 years$96,050$84,971$75,019$66,113$58,172$47,270
13 years$87,752$76,789$67,024$58,368$50,727$40,384
14 years$80,646$69,799$60,222$51,813$44,467$34,667
15 years$74,493$63,763$54,372$46,208$39,152$29,879
16 years$69,114$58,501$49,296$41,374$34,603$25,840
17 years$64,373$53,877$44,858$37,174$30,681$22,410
18 years$60,163$49,785$40,949$33,501$27,280$19,482
19 years$56,401$46,140$37,487$30,271$24,316$16,973
20 years$53,019$42,876$34,404$27,417$21,719$14,812
21 years$49,964$39,937$31,645$24,882$19,436$12,947
22 years$47,190$37,280$29,166$22,624$17,422$11,332
23 years$44,661$34,867$26,929$20,604$15,639$9,929
24 years$42,346$32,668$24,905$18,792$14,057$8,709
25 years$40,219$30,657$23,067$17,162$12,649$7,646
26 years$38,260$28,813$21,394$15,692$11,394$6,717
27 years$36,448$27,116$19,866$14,363$10,272$5,905
28 years$34,769$25,552$18,468$13,160$9,269$5,195
29 years$33,209$24,105$17,186$12,068$8,369$4,572
30 years$31,755$22,765$16,008$11,075$7,562$4,026
31 years$30,398$21,520$14,924$10,172$6,837$3,546
32 years$29,128$20,362$13,924$9,348$6,185$3,124
33 years$27,937$19,284$13,001$8,596$5,597$2,754
34 years$26,819$18,277$12,147$7,909$5,068$2,428
35 years$25,768$17,335$11,357$7,281$4,590$2,141
36 years$24,776$16,453$10,624$6,706$4,159$1,889
37 years$23,841$15,627$9,944$6,178$3,769$1,666
38 years$22,957$14,851$9,312$5,695$3,417$1,470
39 years$22,120$14,122$8,725$5,251$3,099$1,297
40 years$21,328$13,436$8,177$4,843$2,811$1,145
41 years$20,576$12,790$7,668$4,468$2,550$1,011
42 years$19,861$12,181$7,193$4,124$2,314$892
43 years$19,182$11,606$6,749$3,807$2,100$788
44 years$18,535$11,063$6,335$3,515$1,906$695
45 years$17,919$10,549$5,949$3,246$1,730$614
46 years$17,331$10,063$5,587$2,998$1,571$542
47 years$16,770$9,604$5,249$2,770$1,427$479
48 years$16,234$9,168$4,933$2,560$1,296$423
49 years$15,722$8,755$4,636$2,366$1,177$373
50 years$15,231$8,363$4,359$2,187$1,069$330

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,600,000, adding $2,221 every year, while hoping to spend $45,534 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: 50/37/13 Blend
61$15,600,000$15,600,000$15,600,000$15,600,000
62$17,193,491$16,366,691$16,124,891$17,992,309
63$18,898,779$17,120,211$16,616,627$19,294,182
64$20,776,481$17,909,127$17,123,310$20,703,185
65$22,844,134$18,735,127$17,645,393$22,233,317
66$25,121,063$19,599,976$18,183,342$23,895,975
67$27,628,565$20,505,528$18,737,637$25,703,676
68$30,390,104$21,453,724$19,308,773$27,670,169
69$33,431,538$22,446,600$19,897,260$29,810,561
70$36,781,361$23,486,289$20,503,624$32,141,451
71$40,470,968$24,575,026$21,128,404$34,681,078
72$44,534,960$25,715,156$21,772,159$37,449,491
73$49,011,462$26,909,134$22,435,462$40,468,729
74$53,942,486$28,159,536$23,118,905$43,763,019
75$59,374,328$29,469,062$23,823,096$47,358,999
76$65,358,003$30,840,540$24,548,664$51,285,962
77$71,949,729$32,276,936$25,296,254$55,576,122
78$79,211,456$33,781,360$26,066,533$60,264,910
79$87,211,448$35,357,071$26,860,186$65,391,296
80$96,024,933$37,007,485$27,677,919$70,998,152
81$105,734,808$38,736,183$28,520,462$77,132,643
82$116,432,424$40,546,921$29,388,562$83,846,660
83$128,218,444$42,443,634$30,282,992$91,197,302
84$141,203,802$44,430,448$31,204,548$99,247,400
85$155,510,738$46,511,688$32,154,050$108,066,099
86$171,273,963$48,691,891$33,132,340$117,729,498
87$188,641,923$50,975,808$34,140,288$128,321,353
88$207,778,201$53,368,425$35,178,790$139,933,853
89$228,863,067$55,874,967$36,248,769$152,668,478
90$252,095,170$58,500,911$37,351,173$166,636,939
91$277,693,423$61,252,001$38,486,983$181,962,218
92$305,899,060$64,134,257$39,657,205$198,779,706
93$336,977,921$67,153,993$40,862,878$217,238,472
94$371,222,956$70,317,825$42,105,071$237,502,645
95$408,956,993$73,632,695$43,384,887$259,752,942
96$450,535,785$77,105,875$44,703,459$284,188,361
97$496,351,367$80,744,995$46,061,957$311,028,031
98$546,835,757$84,558,051$47,461,584$340,513,261
99$602,465,037$88,553,427$48,903,579$372,909,791
100$663,763,842$92,739,917$50,389,220$408,510,280