Can I retire at age 62 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,202,268
2 years$641,827$629,874$618,289$607,057$596,162$546,734
3 years$423,635$411,630$400,074$388,947$378,230$330,602
4 years$314,560$302,591$291,151$280,215$269,757$224,292
5 years$249,132$237,235$225,945$215,232$205,065$161,878
6 years$205,527$193,720$182,598$172,122$162,261$121,380
7 years$174,394$162,686$151,739$141,511$131,961$93,373
8 years$151,054$139,452$128,687$118,710$109,475$73,138
9 years$132,910$121,418$110,838$101,115$92,194$58,054
10 years$118,404$107,024$96,631$87,162$78,553$46,544
11 years$106,543$95,277$85,073$75,857$67,559$37,605
12 years$96,666$85,516$75,500$66,537$58,545$30,566
13 years$88,315$77,281$67,454$58,742$51,052$24,964
14 years$81,163$70,247$60,608$52,145$44,752$20,466
15 years$74,970$64,171$54,721$46,504$39,403$16,830
16 years$69,557$58,876$49,612$41,639$34,825$13,875
17 years$64,785$54,223$45,145$37,412$30,878$11,462
18 years$60,549$50,104$41,212$33,716$27,455$9,484
19 years$56,763$46,436$37,727$30,465$24,472$7,858
20 years$53,359$43,151$34,624$27,592$21,858$6,518
21 years$50,284$40,193$31,848$25,042$19,561$5,412
22 years$47,492$37,519$29,353$22,769$17,533$4,497
23 years$44,947$35,091$27,102$20,736$15,739$3,739
24 years$42,617$32,878$25,065$18,912$14,147$3,110
25 years$40,477$30,854$23,215$17,272$12,730$2,589
26 years$38,505$28,998$21,531$15,792$11,467$2,155
27 years$36,682$27,290$19,993$14,455$10,338$1,795
28 years$34,992$25,716$18,586$13,244$9,328$1,495
29 years$33,421$24,260$17,296$12,145$8,423$1,246
30 years$31,958$22,911$16,111$11,146$7,611$1,038
31 years$30,592$21,658$15,019$10,237$6,881$865
32 years$29,314$20,493$14,013$9,408$6,224$721
33 years$28,116$19,407$13,084$8,651$5,633$601
34 years$26,991$18,394$12,225$7,960$5,100$501
35 years$25,933$17,446$11,430$7,328$4,619$418
36 years$24,935$16,559$10,692$6,749$4,185$348
37 years$23,994$15,727$10,008$6,218$3,793$290
38 years$23,104$14,946$9,372$5,731$3,439$242
39 years$22,262$14,213$8,780$5,284$3,119$202
40 years$21,464$13,522$8,230$4,874$2,829$168
41 years$20,707$12,872$7,717$4,497$2,566$140
42 years$19,988$12,259$7,239$4,150$2,329$117
43 years$19,305$11,680$6,793$3,831$2,113$98
44 years$18,654$11,133$6,376$3,537$1,918$81
45 years$18,034$10,617$5,987$3,267$1,741$68
46 years$17,442$10,128$5,623$3,018$1,581$57
47 years$16,878$9,665$5,283$2,788$1,436$47
48 years$16,338$9,227$4,964$2,576$1,304$39
49 years$15,822$8,811$4,666$2,381$1,184$33
50 years$15,329$8,417$4,387$2,201$1,076$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,700,000, adding $2,917 every year, while hoping to spend $37,860 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$15,700,000$15,700,000$15,700,000$15,700,000
62$17,304,409$16,472,309$16,228,959$18,596,351
63$19,029,176$17,239,169$16,732,346$20,212,579
64$20,928,600$18,042,337$17,251,328$21,977,888
65$23,020,457$18,883,551$17,786,387$23,911,059
66$25,324,333$19,764,634$18,338,021$26,028,688
67$27,861,811$20,687,498$18,906,741$28,349,042
68$30,656,676$21,654,146$19,493,077$30,892,226
69$33,735,136$22,666,677$20,097,574$33,680,370
70$37,126,070$23,727,295$20,720,792$36,737,833
71$40,861,302$24,838,305$21,363,312$40,091,434
72$44,975,902$26,002,130$22,025,730$43,770,695
73$49,508,514$27,221,304$22,708,662$47,808,119
74$54,501,722$28,498,487$23,412,742$52,239,494
75$60,002,453$29,836,468$24,138,623$57,104,223
76$66,062,416$31,238,168$24,886,981$62,445,693
77$72,738,597$32,706,653$25,658,509$68,311,681
78$80,093,790$34,245,135$26,453,925$74,754,797
79$88,197,192$35,856,982$27,273,967$81,832,977
80$97,125,057$37,545,725$28,119,396$89,610,026
81$106,961,414$39,315,067$28,990,997$98,156,212
82$117,798,861$41,168,888$29,889,579$107,548,924
83$129,739,441$43,111,260$30,815,976$117,873,396
84$142,895,601$45,146,449$31,771,048$129,223,506
85$157,391,256$47,278,928$32,755,681$141,702,653
86$173,362,956$49,513,388$33,770,789$155,424,730
87$190,961,181$51,854,747$34,817,313$170,515,186
88$210,351,753$54,308,161$35,896,225$187,112,208
89$231,717,408$56,879,037$37,008,525$205,368,013
90$255,259,519$59,573,045$38,155,245$225,450,277
91$281,199,992$62,396,127$39,337,449$247,543,709
92$309,783,371$65,354,516$40,556,233$271,851,788
93$341,279,135$68,454,748$41,812,727$298,598,669
94$375,984,249$71,703,673$43,108,095$328,031,292
95$414,225,966$75,108,477$44,443,540$360,421,700
96$456,364,915$78,676,693$45,820,300$396,069,598
97$502,798,506$82,416,220$47,239,649$435,305,169
98$553,964,680$86,335,342$48,702,904$478,492,179
99$610,346,048$90,442,743$50,211,421$526,031,395
100$672,474,439$94,747,532$51,766,598$578,364,359