Can I retire at age 62 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,210,403
2 years$645,915$633,886$622,227$610,924$599,959$550,684
3 years$426,333$414,251$402,622$391,425$380,639$333,150
4 years$316,563$304,519$293,006$281,999$271,475$226,135
5 years$250,719$238,746$227,385$216,603$206,371$163,295
6 years$206,836$194,954$183,761$173,219$163,294$122,510
7 years$175,504$163,722$152,706$142,413$132,802$94,295
8 years$152,016$140,340$129,507$119,467$110,172$73,905
9 years$133,757$122,191$111,544$101,759$92,781$58,698
10 years$119,158$107,706$97,247$87,717$79,054$47,091
11 years$107,222$95,884$85,614$76,340$67,989$38,071
12 years$97,282$86,060$75,981$66,961$58,918$30,966
13 years$88,877$77,773$67,884$59,116$51,377$25,308
14 years$81,680$70,694$60,994$52,477$45,037$20,763
15 years$75,448$64,580$55,069$46,800$39,654$17,086
16 years$70,000$59,251$49,928$41,904$35,047$14,096
17 years$65,198$54,568$45,433$37,651$31,075$11,653
18 years$60,935$50,423$41,474$33,931$27,630$9,650
19 years$57,124$46,732$37,968$30,659$24,627$8,002
20 years$53,699$43,425$34,845$27,768$21,998$6,643
21 years$50,604$40,449$32,051$25,201$19,685$5,519
22 years$47,795$37,758$29,540$22,914$17,645$4,590
23 years$45,233$35,314$27,275$20,868$15,839$3,819
24 years$42,889$33,087$25,224$19,033$14,237$3,179
25 years$40,735$31,051$23,363$17,382$12,811$2,648
26 years$38,750$29,182$21,668$15,893$11,540$2,206
27 years$36,915$27,464$20,120$14,547$10,404$1,839
28 years$35,215$25,879$18,705$13,328$9,388$1,533
29 years$33,634$24,414$17,406$12,222$8,477$1,278
30 years$32,162$23,057$16,213$11,217$7,659$1,066
31 years$30,787$21,796$15,115$10,302$6,925$889
32 years$29,501$20,624$14,103$9,468$6,264$742
33 years$28,295$19,531$13,168$8,707$5,669$619
34 years$27,163$18,511$12,303$8,011$5,133$516
35 years$26,098$17,557$11,503$7,374$4,649$431
36 years$25,094$16,664$10,760$6,792$4,212$360
37 years$24,147$15,827$10,072$6,258$3,817$300
38 years$23,251$15,042$9,432$5,768$3,461$250
39 years$22,404$14,303$8,836$5,318$3,138$209
40 years$21,601$13,608$8,282$4,905$2,847$174
41 years$20,839$12,954$7,766$4,526$2,583$146
42 years$20,116$12,337$7,285$4,177$2,343$122
43 years$19,428$11,754$6,836$3,856$2,127$101
44 years$18,773$11,204$6,417$3,560$1,930$85
45 years$18,149$10,684$6,025$3,288$1,753$71
46 years$17,553$10,192$5,659$3,037$1,591$59
47 years$16,985$9,727$5,316$2,806$1,445$49
48 years$16,442$9,285$4,996$2,593$1,312$41
49 years$15,923$8,867$4,696$2,396$1,192$34
50 years$15,426$8,470$4,415$2,215$1,082$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,800,000, adding $3,880 every year, while hoping to spend $25,632 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: 67/21/12 Blend
61$15,800,000$15,800,000$15,800,000$15,800,000
62$17,415,602$16,578,202$16,333,302$18,535,973
63$19,164,721$17,363,262$16,853,196$20,067,421
64$21,091,392$18,185,930$17,389,646$21,737,786
65$23,213,696$19,048,024$17,943,182$23,563,401
66$25,551,562$19,951,445$18,514,347$25,559,467
67$28,126,947$20,898,192$19,103,703$27,742,705
68$30,964,048$21,890,356$19,711,831$30,131,515
69$34,089,531$22,930,133$20,339,327$32,746,142
70$37,532,778$24,019,825$20,986,809$35,608,864
71$41,326,170$25,161,844$21,654,915$38,744,198
72$45,505,386$26,358,722$22,344,302$42,179,129
73$50,109,746$27,613,110$23,055,647$45,943,357
74$55,182,580$28,927,792$23,789,651$50,069,572
75$60,771,634$30,305,685$24,547,035$54,593,762
76$66,929,526$31,749,849$25,328,546$59,555,540
77$73,714,237$33,263,490$26,134,951$64,998,520
78$81,189,662$34,849,974$26,967,045$70,970,718
79$89,426,212$36,512,828$27,825,646$77,525,000
80$98,501,480$38,255,751$28,711,600$84,719,574
81$108,500,970$40,082,621$29,625,777$92,618,535
82$119,518,906$41,997,507$30,569,078$101,292,460
83$131,659,123$44,004,673$31,542,430$110,819,070
84$145,036,045$46,108,594$32,546,793$121,283,952
85$159,775,765$48,313,958$33,583,154$132,781,362
86$176,017,236$50,625,686$34,652,533$145,415,106
87$193,913,585$53,048,935$35,755,984$159,299,508
88$213,633,553$55,589,115$36,894,592$174,560,485
89$235,363,093$58,251,899$38,069,477$191,336,722
90$259,307,121$61,043,235$39,281,798$209,780,970
91$285,691,455$63,969,361$40,532,746$230,061,482
92$314,764,944$67,036,821$41,823,554$252,363,588
93$346,801,818$70,252,474$43,155,492$276,891,431
94$382,104,274$73,623,516$44,529,872$303,869,884
95$421,005,334$77,157,492$45,948,046$333,546,660
96$463,871,984$80,862,316$47,411,412$366,194,636
97$511,108,642$84,746,285$48,921,410$402,114,418
98$563,160,974$88,818,103$50,479,527$441,637,158
99$620,520,099$93,086,896$52,087,297$485,127,673
100$683,727,231$97,562,236$53,746,304$532,987,867