Can I retire at age 62 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,265,696
2 years$658,180$645,922$634,042$622,523$611,351$593,110
3 years$434,428$422,117$410,267$398,857$387,866$370,091
4 years$322,574$310,301$298,569$287,354$276,629$259,458
5 years$255,479$243,280$231,702$220,715$210,289$193,771
6 years$210,764$198,656$187,250$176,508$166,395$150,549
7 years$178,837$166,831$155,605$145,117$135,323$120,156
8 years$154,902$143,005$131,966$121,735$112,264$97,773
9 years$136,297$124,512$113,662$103,691$94,542$80,721
10 years$121,421$109,751$99,093$89,383$80,555$67,392
11 years$109,257$97,705$87,240$77,790$69,280$56,763
12 years$99,129$87,694$77,423$68,232$60,036$48,152
13 years$90,565$79,250$69,173$60,239$52,353$41,084
14 years$83,231$72,036$62,152$53,473$45,892$35,221
15 years$76,880$65,806$56,115$47,689$40,407$30,315
16 years$71,329$60,376$50,876$42,700$35,712$26,180
17 years$66,436$55,604$46,295$38,366$31,665$22,673
18 years$62,092$51,381$42,262$34,575$28,155$19,683
19 years$58,209$47,619$38,689$31,242$25,095$17,122
20 years$54,719$44,250$35,506$28,295$22,415$14,921
21 years$51,565$41,217$32,659$25,680$20,059$13,022
22 years$48,702$38,475$30,100$23,349$17,980$11,380
23 years$46,092$35,985$27,792$21,264$16,140$9,957
24 years$43,703$33,715$25,703$19,394$14,507$8,720
25 years$41,508$31,640$23,806$17,712$13,054$7,643
26 years$39,486$29,737$22,079$16,195$11,759$6,704
27 years$37,616$27,986$20,502$14,824$10,601$5,884
28 years$35,883$26,371$19,060$13,582$9,566$5,168
29 years$34,273$24,878$17,737$12,455$8,638$4,541
30 years$32,773$23,494$16,521$11,430$7,805$3,992
31 years$31,372$22,210$15,402$10,498$7,056$3,510
32 years$30,061$21,015$14,370$9,648$6,383$3,088
33 years$28,833$19,902$13,418$8,872$5,777$2,717
34 years$27,679$18,862$12,537$8,163$5,230$2,392
35 years$26,593$17,891$11,721$7,514$4,737$2,105
36 years$25,571$16,981$10,965$6,921$4,292$1,854
37 years$24,605$16,128$10,263$6,376$3,890$1,633
38 years$23,693$15,327$9,611$5,877$3,527$1,438
39 years$22,829$14,575$9,004$5,419$3,198$1,267
40 years$22,011$13,867$8,440$4,998$2,901$1,116
41 years$21,235$13,200$7,914$4,612$2,632$984
42 years$20,498$12,571$7,423$4,256$2,388$867
43 years$19,797$11,978$6,966$3,929$2,167$764
44 years$19,129$11,417$6,539$3,628$1,967$673
45 years$18,493$10,887$6,139$3,350$1,786$593
46 years$17,887$10,386$5,766$3,095$1,621$523
47 years$17,308$9,911$5,417$2,859$1,472$461
48 years$16,754$9,462$5,091$2,642$1,337$406
49 years$16,225$9,035$4,785$2,442$1,214$358
50 years$15,719$8,631$4,499$2,257$1,103$316

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,100,000, adding $4,600 every year, while hoping to spend $26,933 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: 29/49/22 Blend
61$16,100,000$16,100,000$16,100,000$16,100,000
62$17,746,945$16,893,645$16,644,095$18,139,150
63$19,528,477$17,692,777$17,173,016$19,241,550
64$21,490,822$18,530,164$17,718,752$20,423,241
65$23,652,396$19,407,652$18,281,840$21,693,160
66$26,033,489$20,327,176$18,862,831$23,058,913
67$28,656,464$21,290,766$19,462,295$24,528,819
68$31,545,960$22,300,550$20,080,818$26,111,979
69$34,729,130$23,358,760$20,719,008$27,818,357
70$38,235,897$24,467,734$21,377,490$29,658,858
71$42,099,232$25,629,927$22,056,910$31,645,430
72$46,355,471$26,847,910$22,757,933$33,791,156
73$51,044,652$28,124,381$23,481,247$36,110,376
74$56,210,899$29,462,168$24,227,562$38,618,806
75$61,902,834$30,864,238$24,997,608$41,333,675
76$68,174,036$32,333,699$25,792,141$44,273,876
77$75,083,550$33,873,812$26,611,940$47,460,133
78$82,696,441$35,487,998$27,457,809$50,915,178
79$91,084,410$37,179,841$28,330,577$54,663,958
80$100,326,468$38,953,102$29,231,100$58,733,852
81$110,509,687$40,811,723$30,160,261$63,154,911
82$121,730,017$42,759,840$31,118,972$67,960,134
83$134,093,194$44,801,787$32,108,172$73,185,753
84$147,715,736$46,942,110$33,128,832$78,871,562
85$162,726,045$49,185,578$34,181,953$85,061,276
86$179,265,621$51,537,191$35,268,567$91,802,918
87$197,490,391$54,002,190$36,389,741$99,149,257
88$217,572,187$56,586,074$37,546,574$107,158,285
89$239,700,367$59,294,608$38,740,201$115,893,737
90$264,083,599$62,133,838$39,971,792$125,425,673
91$290,951,836$65,110,106$41,242,556$135,831,116
92$320,558,481$68,230,059$42,553,740$147,194,750
93$353,182,785$71,500,671$43,906,630$159,609,694
94$389,132,480$74,929,254$45,302,552$173,178,354
95$428,746,682$78,523,477$46,742,877$188,013,358
96$472,399,098$82,291,382$48,229,018$204,238,590
97$520,501,548$86,241,402$49,762,432$221,990,326
98$573,507,857$90,382,382$51,344,624$241,418,489
99$631,918,137$94,723,597$52,977,148$262,688,023
100$696,283,508$99,274,774$54,661,604$285,980,422