Can I retire at age 62 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,243,815
2 years$650,004$637,898$626,165$614,790$603,756$579,597
3 years$429,031$416,873$405,171$393,902$383,048$359,555
4 years$318,567$306,446$294,860$283,784$273,193$250,548
5 years$252,305$240,257$228,824$217,973$207,677$185,945
6 years$208,146$196,188$184,924$174,315$164,328$143,532
7 years$176,615$164,759$153,672$143,314$133,642$113,788
8 years$152,978$141,229$130,326$120,223$110,869$91,951
9 years$134,604$122,965$112,250$102,403$93,368$75,374
10 years$119,912$108,387$97,862$88,272$79,554$62,468
11 years$107,900$96,491$86,156$76,823$68,419$52,221
12 years$97,897$86,605$76,461$67,384$59,291$43,958
13 years$89,440$78,266$68,313$59,490$51,703$37,210
14 years$82,197$71,141$61,380$52,809$45,322$31,644
15 years$75,925$64,989$55,418$47,096$39,905$27,013
16 years$70,443$59,626$50,244$42,170$35,268$23,133
17 years$65,611$54,913$45,720$37,889$31,271$19,863
18 years$61,320$50,742$41,737$34,146$27,805$17,094
19 years$57,486$47,028$38,208$30,854$24,783$14,740
20 years$54,039$43,700$35,065$27,944$22,137$12,730
21 years$50,925$40,705$32,253$25,361$19,810$11,010
22 years$48,097$37,997$29,726$23,059$17,757$9,534
23 years$45,519$35,538$27,447$21,000$15,940$8,264
24 years$43,160$33,296$25,384$19,153$14,327$7,170
25 years$40,993$31,247$23,511$17,492$12,892$6,225
26 years$38,995$29,367$21,805$15,994$11,613$5,408
27 years$37,149$27,638$20,248$14,639$10,470$4,701
28 years$35,438$26,043$18,823$13,413$9,447$4,089
29 years$33,847$24,569$17,516$12,300$8,530$3,558
30 years$32,366$23,203$16,316$11,288$7,708$3,097
31 years$30,982$21,934$15,211$10,367$6,969$2,696
32 years$29,688$20,754$14,192$9,528$6,304$2,348
33 years$28,475$19,654$13,251$8,762$5,705$2,046
34 years$27,335$18,628$12,381$8,061$5,165$1,783
35 years$26,263$17,668$11,575$7,421$4,678$1,554
36 years$25,253$16,770$10,829$6,835$4,239$1,354
37 years$24,300$15,927$10,135$6,297$3,842$1,181
38 years$23,399$15,137$9,491$5,804$3,483$1,029
39 years$22,546$14,394$8,892$5,352$3,158$898
40 years$21,738$13,694$8,335$4,936$2,865$783
41 years$20,971$13,036$7,815$4,554$2,599$683
42 years$20,243$12,415$7,331$4,203$2,358$595
43 years$19,551$11,829$6,879$3,880$2,140$519
44 years$18,891$11,275$6,457$3,582$1,943$453
45 years$18,263$10,752$6,063$3,309$1,764$395
46 years$17,664$10,257$5,695$3,056$1,601$345
47 years$17,093$9,788$5,350$2,823$1,454$301
48 years$16,546$9,344$5,028$2,609$1,320$262
49 years$16,024$8,923$4,726$2,411$1,199$229
50 years$15,524$8,524$4,443$2,229$1,089$200

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,900,000, adding $2,627 every year, while hoping to spend $23,619 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: 82/13/5 Blend
61$15,900,000$15,900,000$15,900,000$15,900,000
62$17,524,510$16,681,810$16,435,360$18,959,795
63$19,286,879$17,474,088$16,960,814$20,690,091
64$21,228,219$18,304,396$17,503,079$22,585,687
65$23,366,759$19,174,573$18,062,694$24,665,816
66$25,722,587$20,086,546$18,640,213$26,948,923
67$28,317,841$21,042,337$19,236,211$29,455,317
68$31,176,916$22,044,066$19,851,278$32,207,363
69$34,326,691$23,093,955$20,486,025$35,229,684
70$37,796,789$24,194,335$21,141,084$38,549,401
71$41,619,855$25,347,650$21,817,103$42,196,376
72$45,831,858$26,556,464$22,514,754$46,203,501
73$50,472,439$27,823,462$23,234,730$50,606,997
74$55,585,280$29,151,464$23,977,745$55,446,759
75$61,218,518$30,543,424$24,744,539$60,766,725
76$67,425,197$32,002,443$25,535,871$66,615,292
77$74,263,773$33,531,768$26,352,528$73,045,766
78$81,798,661$35,134,808$27,195,322$80,116,863
79$90,100,847$36,815,137$28,065,088$87,893,258
80$99,248,557$38,576,501$28,962,691$96,446,194
81$109,327,991$40,422,831$29,889,023$105,854,149
82$120,434,144$42,358,248$30,845,003$116,203,574
83$132,671,698$44,387,074$31,831,582$127,589,700
84$146,156,011$46,513,839$32,849,739$140,117,439
85$161,014,205$48,743,299$33,900,487$153,902,366
86$177,386,368$51,080,435$34,984,868$169,071,802
87$195,426,877$53,530,476$36,103,960$185,766,017
88$215,305,852$56,098,902$37,258,876$204,139,542
89$237,210,763$58,791,462$38,450,762$224,362,629
90$261,348,201$61,614,185$39,680,804$246,622,844
91$287,945,830$64,573,392$40,950,223$271,126,837
92$317,254,531$67,675,714$42,260,281$298,102,285
93$349,550,773$70,928,104$43,612,280$327,800,032
94$385,139,224$74,337,853$45,007,564$360,496,454
95$424,355,627$77,912,610$46,447,520$396,496,053
96$467,569,968$81,660,395$47,933,578$436,134,333
97$515,189,968$85,589,618$49,467,217$479,780,951
98$567,664,936$89,709,101$51,049,960$527,843,202
99$625,490,007$94,028,094$52,683,381$580,769,852
100$689,210,818$98,556,300$54,369,104$639,055,368