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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,208,001
2 years$641,827$629,874$618,289$607,057$596,162$552,355
3 years$423,635$411,630$400,074$388,947$378,230$335,932
4 years$314,560$302,591$291,151$280,215$269,757$229,291
5 years$249,132$237,235$225,945$215,232$205,065$166,538
6 years$205,527$193,720$182,598$172,122$162,261$125,702
7 years$174,394$162,686$151,739$141,511$131,961$97,364
8 years$151,054$139,452$128,687$118,710$109,475$76,809
9 years$132,910$121,418$110,838$101,115$92,194$61,419
10 years$118,404$107,024$96,631$87,162$78,553$49,618
11 years$106,543$95,277$85,073$75,857$67,559$40,403
12 years$96,666$85,516$75,500$66,537$58,545$33,105
13 years$88,315$77,281$67,454$58,742$51,052$27,260
14 years$81,163$70,247$60,608$52,145$44,752$22,537
15 years$74,970$64,171$54,721$46,504$39,403$18,693
16 years$69,557$58,876$49,612$41,639$34,825$15,545
17 years$64,785$54,223$45,145$37,412$30,878$12,956
18 years$60,549$50,104$41,212$33,716$27,455$10,817
19 years$56,763$46,436$37,727$30,465$24,472$9,045
20 years$53,359$43,151$34,624$27,592$21,858$7,572
21 years$50,284$40,193$31,848$25,042$19,561$6,346
22 years$47,492$37,519$29,353$22,769$17,533$5,322
23 years$44,947$35,091$27,102$20,736$15,739$4,467
24 years$42,617$32,878$25,065$18,912$14,147$3,752
25 years$40,477$30,854$23,215$17,272$12,730$3,153
26 years$38,505$28,998$21,531$15,792$11,467$2,650
27 years$36,682$27,290$19,993$14,455$10,338$2,228
28 years$34,992$25,716$18,586$13,244$9,328$1,874
29 years$33,421$24,260$17,296$12,145$8,423$1,577
30 years$31,958$22,911$16,111$11,146$7,611$1,327
31 years$30,592$21,658$15,019$10,237$6,881$1,117
32 years$29,314$20,493$14,013$9,408$6,224$940
33 years$28,116$19,407$13,084$8,651$5,633$792
34 years$26,991$18,394$12,225$7,960$5,100$667
35 years$25,933$17,446$11,430$7,328$4,619$561
36 years$24,935$16,559$10,692$6,749$4,185$473
37 years$23,994$15,727$10,008$6,218$3,793$398
38 years$23,104$14,946$9,372$5,731$3,439$335
39 years$22,262$14,213$8,780$5,284$3,119$282
40 years$21,464$13,522$8,230$4,874$2,829$238
41 years$20,707$12,872$7,717$4,497$2,566$200
42 years$19,988$12,259$7,239$4,150$2,329$169
43 years$19,305$11,680$6,793$3,831$2,113$142
44 years$18,654$11,133$6,376$3,537$1,918$120
45 years$18,034$10,617$5,987$3,267$1,741$101
46 years$17,442$10,128$5,623$3,018$1,581$85
47 years$16,878$9,665$5,283$2,788$1,436$72
48 years$16,338$9,227$4,964$2,576$1,304$60
49 years$15,822$8,811$4,666$2,381$1,184$51
50 years$15,329$8,417$4,387$2,201$1,076$43

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 $6,665 every year, while hoping to spend $58,522 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: 61/28/11 Blend
61$15,700,000$15,700,000$15,700,000$15,700,000
62$17,308,275$16,476,175$16,232,825$18,319,232
63$19,011,452$17,221,241$16,714,358$19,743,231
64$20,886,392$18,000,853$17,210,060$21,289,101
65$22,950,552$18,816,643$17,720,346$22,974,457
66$25,223,170$19,670,320$18,245,639$24,812,783
67$27,725,442$20,563,675$18,786,377$26,818,901
68$30,480,726$21,498,583$19,343,009$29,009,117
69$33,514,758$22,477,012$19,915,997$31,401,361
70$36,855,898$23,501,021$20,505,819$34,015,356
71$40,535,398$24,572,769$21,112,962$36,872,801
72$44,587,694$25,694,520$21,737,931$39,997,565
73$49,050,730$26,868,643$22,381,243$43,415,912
74$53,966,322$28,097,623$23,043,432$47,156,741
75$59,380,545$29,384,065$23,725,045$51,251,853
76$65,344,173$30,730,697$24,426,647$55,736,244
77$71,913,156$32,140,378$25,148,817$60,648,431
78$79,149,147$33,616,106$25,892,151$66,030,806
79$87,120,086$35,161,021$26,657,264$71,930,034
80$95,900,839$36,778,416$27,444,787$78,397,479
81$105,573,906$38,471,739$28,255,369$85,489,686
82$116,230,198$40,244,608$29,089,677$93,268,907
83$127,969,896$42,100,811$29,948,399$101,803,676
84$140,903,395$44,044,321$30,832,241$111,169,451
85$155,152,350$46,079,302$31,741,929$121,449,316
86$170,850,818$48,210,115$32,678,212$132,734,753
87$188,146,527$50,441,336$33,641,857$145,126,499
88$207,202,269$52,777,758$34,633,656$158,735,485
89$228,197,437$55,224,406$35,654,420$173,683,871
90$251,329,720$57,786,546$36,704,988$190,106,190
91$276,816,965$60,469,700$37,786,218$208,150,602
92$304,899,234$63,279,654$38,898,995$227,980,283
93$335,841,073$66,222,474$40,044,229$249,774,951
94$369,934,007$69,304,519$41,222,854$273,732,549
95$407,499,289$72,532,455$42,435,834$300,071,098
96$448,890,939$75,913,267$43,684,157$329,030,743
97$494,499,079$79,454,282$44,968,840$360,875,997
98$544,753,619$83,163,176$46,290,930$395,898,230
99$600,128,315$87,047,998$47,651,503$434,418,397
100$661,145,239$91,117,186$49,051,664$476,790,050