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%13.8%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,247,911
2 years$650,004$637,898$626,165$614,790$603,756$583,682
3 years$429,031$416,873$405,171$393,902$383,048$363,500
4 years$318,567$306,446$294,860$283,784$273,193$254,323
5 years$252,305$240,257$228,824$217,973$207,677$189,539
6 years$208,146$196,188$184,924$174,315$164,328$146,942
7 years$176,615$164,759$153,672$143,314$133,642$117,016
8 years$152,978$141,229$130,326$120,223$110,869$94,998
9 years$134,604$122,965$112,250$102,403$93,368$78,244
10 years$119,912$108,387$97,862$88,272$79,554$65,165
11 years$107,900$96,491$86,156$76,823$68,419$54,751
12 years$97,897$86,605$76,461$67,384$59,291$46,325
13 years$89,440$78,266$68,313$59,490$51,703$39,422
14 years$82,197$71,141$61,380$52,809$45,322$33,706
15 years$75,925$64,989$55,418$47,096$39,905$28,932
16 years$70,443$59,626$50,244$42,170$35,268$24,916
17 years$65,611$54,913$45,720$37,889$31,271$21,517
18 years$61,320$50,742$41,737$34,146$27,805$18,625
19 years$57,486$47,028$38,208$30,854$24,783$16,155
20 years$54,039$43,700$35,065$27,944$22,137$14,036
21 years$50,925$40,705$32,253$25,361$19,810$12,213
22 years$48,097$37,997$29,726$23,059$17,757$10,641
23 years$45,519$35,538$27,447$21,000$15,940$9,281
24 years$43,160$33,296$25,384$19,153$14,327$8,102
25 years$40,993$31,247$23,511$17,492$12,892$7,080
26 years$38,995$29,367$21,805$15,994$11,613$6,190
27 years$37,149$27,638$20,248$14,639$10,470$5,416
28 years$35,438$26,043$18,823$13,413$9,447$4,741
29 years$33,847$24,569$17,516$12,300$8,530$4,152
30 years$32,366$23,203$16,316$11,288$7,708$3,638
31 years$30,982$21,934$15,211$10,367$6,969$3,189
32 years$29,688$20,754$14,192$9,528$6,304$2,796
33 years$28,475$19,654$13,251$8,762$5,705$2,452
34 years$27,335$18,628$12,381$8,061$5,165$2,151
35 years$26,263$17,668$11,575$7,421$4,678$1,887
36 years$25,253$16,770$10,829$6,835$4,239$1,656
37 years$24,300$15,927$10,135$6,297$3,842$1,454
38 years$23,399$15,137$9,491$5,804$3,483$1,276
39 years$22,546$14,394$8,892$5,352$3,158$1,120
40 years$21,738$13,694$8,335$4,936$2,865$984
41 years$20,971$13,036$7,815$4,554$2,599$864
42 years$20,243$12,415$7,331$4,203$2,358$759
43 years$19,551$11,829$6,879$3,880$2,140$666
44 years$18,891$11,275$6,457$3,582$1,943$585
45 years$18,263$10,752$6,063$3,309$1,764$514
46 years$17,664$10,257$5,695$3,056$1,601$451
47 years$17,093$9,788$5,350$2,823$1,454$397
48 years$16,546$9,344$5,028$2,609$1,320$348
49 years$16,024$8,923$4,726$2,411$1,199$306
50 years$15,524$8,524$4,443$2,229$1,089$269

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 $6,580 every year, while hoping to spend $24,796 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: 66/7/27 Blend
61$15,900,000$15,900,000$15,900,000$15,900,000
62$17,528,587$16,685,887$16,439,437$18,560,938
63$19,290,120$17,477,113$16,963,776$20,049,197
64$21,230,499$18,306,278$17,504,848$21,672,408
65$23,367,939$19,175,214$18,063,190$23,446,688
66$25,722,513$20,085,845$18,639,351$25,386,930
67$28,316,342$21,040,184$19,233,902$27,509,530
68$31,173,801$22,040,344$19,847,430$29,832,536
69$34,321,750$23,088,543$20,480,540$32,375,815
70$37,789,789$24,187,101$21,133,858$35,161,241
71$41,610,535$25,338,457$21,808,030$38,212,897
72$45,819,932$26,545,164$22,503,722$41,557,299
73$50,457,589$27,809,901$23,221,621$45,223,643
74$55,567,154$29,135,477$23,962,436$49,244,080
75$61,196,726$30,524,838$24,726,899$53,654,013
76$67,399,308$31,981,071$25,515,767$58,492,432
77$74,233,310$33,507,415$26,329,817$63,802,274
78$81,763,097$35,107,268$27,169,855$69,630,827
79$90,059,599$36,784,190$28,036,712$76,030,172
80$99,200,979$38,541,917$28,931,243$83,057,674
81$109,273,372$40,384,364$29,854,332$90,776,514
82$120,371,696$42,315,638$30,806,893$99,256,284
83$132,600,552$44,340,047$31,789,867$108,573,641
84$146,075,205$46,462,107$32,804,224$118,813,024
85$160,922,680$48,686,553$33,850,969$130,067,446
86$177,282,952$51,018,354$34,931,136$142,439,369
87$195,310,276$53,462,716$36,045,792$156,041,667
88$215,174,638$56,025,103$37,196,040$170,998,681
89$237,063,360$58,711,242$38,383,016$187,447,394
90$261,182,871$61,527,141$39,607,895$205,538,712
91$287,760,652$64,479,098$40,871,887$225,438,890
92$317,047,386$67,573,721$42,176,243$247,331,087
93$349,319,323$70,817,938$43,522,251$271,417,096
94$384,880,892$74,219,015$44,911,244$297,919,236
95$424,067,566$77,784,570$46,344,594$327,082,450
96$467,249,040$81,522,596$47,823,720$359,176,604
97$514,832,711$85,441,472$49,350,084$394,499,031
98$567,267,530$89,549,987$50,925,195$433,377,330
99$625,048,241$93,857,359$52,550,612$476,172,448
100$688,720,046$98,373,254$54,227,942$523,282,080