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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,268,846
2 years$658,180$645,922$634,042$622,523$611,351$596,262
3 years$434,428$422,117$410,267$398,857$387,866$373,148
4 years$322,574$310,301$298,569$287,354$276,629$262,395
5 years$255,479$243,280$231,702$220,715$210,289$196,580
6 years$210,764$198,656$187,250$176,508$166,395$153,228
7 years$178,837$166,831$155,605$145,117$135,323$122,704
8 years$154,902$143,005$131,966$121,735$112,264$100,191
9 years$136,297$124,512$113,662$103,691$94,542$83,010
10 years$121,421$109,751$99,093$89,383$80,555$69,557
11 years$109,257$97,705$87,240$77,790$69,280$58,806
12 years$99,129$87,694$77,423$68,232$60,036$50,075
13 years$90,565$79,250$69,173$60,239$52,353$42,892
14 years$83,231$72,036$62,152$53,473$45,892$36,919
15 years$76,880$65,806$56,115$47,689$40,407$31,906
16 years$71,329$60,376$50,876$42,700$35,712$27,669
17 years$66,436$55,604$46,295$38,366$31,665$24,064
18 years$62,092$51,381$42,262$34,575$28,155$20,981
19 years$58,209$47,619$38,689$31,242$25,095$18,331
20 years$54,719$44,250$35,506$28,295$22,415$16,046
21 years$51,565$41,217$32,659$25,680$20,059$14,067
22 years$48,702$38,475$30,100$23,349$17,980$12,349
23 years$46,092$35,985$27,792$21,264$16,140$10,854
24 years$43,703$33,715$25,703$19,394$14,507$9,550
25 years$41,508$31,640$23,806$17,712$13,054$8,410
26 years$39,486$29,737$22,079$16,195$11,759$7,412
27 years$37,616$27,986$20,502$14,824$10,601$6,538
28 years$35,883$26,371$19,060$13,582$9,566$5,769
29 years$34,273$24,878$17,737$12,455$8,638$5,094
30 years$32,773$23,494$16,521$11,430$7,805$4,500
31 years$31,372$22,210$15,402$10,498$7,056$3,977
32 years$30,061$21,015$14,370$9,648$6,383$3,516
33 years$28,833$19,902$13,418$8,872$5,777$3,109
34 years$27,679$18,862$12,537$8,163$5,230$2,750
35 years$26,593$17,891$11,721$7,514$4,737$2,434
36 years$25,571$16,981$10,965$6,921$4,292$2,154
37 years$24,605$16,128$10,263$6,376$3,890$1,907
38 years$23,693$15,327$9,611$5,877$3,527$1,688
39 years$22,829$14,575$9,004$5,419$3,198$1,495
40 years$22,011$13,867$8,440$4,998$2,901$1,324
41 years$21,235$13,200$7,914$4,612$2,632$1,172
42 years$20,498$12,571$7,423$4,256$2,388$1,038
43 years$19,797$11,978$6,966$3,929$2,167$920
44 years$19,129$11,417$6,539$3,628$1,967$815
45 years$18,493$10,887$6,139$3,350$1,786$722
46 years$17,887$10,386$5,766$3,095$1,621$640
47 years$17,308$9,911$5,417$2,859$1,472$567
48 years$16,754$9,462$5,091$2,642$1,337$502
49 years$16,225$9,035$4,785$2,442$1,214$445
50 years$15,719$8,631$4,499$2,257$1,103$395

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 $4,273 every year, while hoping to spend $46,276 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: 58/13/29 Blend
61$16,100,000$16,100,000$16,100,000$16,100,000
62$17,746,608$16,893,308$16,643,758$18,634,714
63$19,507,524$17,671,842$17,152,086$20,022,781
64$21,446,503$18,486,974$17,675,893$21,530,368
65$23,581,659$19,340,448$18,215,647$23,173,354
66$25,932,950$20,234,092$18,771,833$24,964,893
67$28,522,370$21,169,822$19,344,949$26,919,452
68$31,374,155$22,149,646$19,935,508$29,052,949
69$34,515,012$23,175,672$20,544,040$31,382,901
70$37,974,367$24,250,104$21,171,090$33,928,579
71$41,784,650$25,375,256$21,817,219$36,711,196
72$45,981,594$26,553,553$22,483,005$39,754,095
73$50,604,575$27,787,537$23,169,045$43,082,969
74$55,696,986$29,079,870$23,875,952$46,726,100
75$61,306,641$30,433,346$24,604,359$50,714,619
76$67,486,231$31,850,893$25,354,918$55,082,800
77$74,293,818$33,335,578$26,128,299$59,868,372
78$81,793,385$34,890,618$26,925,194$65,112,877
79$90,055,437$36,519,386$27,746,315$70,862,054
80$99,157,672$38,225,415$28,592,396$77,166,264
81$109,185,706$40,012,413$29,464,194$84,080,964
82$120,233,890$41,884,263$30,362,486$91,667,221
83$132,406,192$43,845,037$31,288,075$99,992,284
84$145,817,185$45,899,006$32,241,787$109,130,213
85$160,593,125$48,050,644$33,224,474$119,162,571
86$176,873,142$50,304,644$34,237,012$130,179,189
87$194,810,556$52,665,925$35,280,305$142,279,003
88$214,574,321$55,139,643$36,355,283$155,570,985
89$236,350,623$57,731,206$37,462,906$170,175,161
90$260,344,633$60,446,282$38,604,160$186,223,740
91$286,782,449$63,290,814$39,780,063$203,862,349
92$315,913,226$66,271,031$40,991,663$223,251,402
93$348,011,530$69,393,467$42,240,038$244,567,604
94$383,379,929$72,664,969$43,526,302$268,005,613
95$422,351,847$76,092,718$44,851,599$293,779,863
96$465,294,717$79,684,243$46,217,109$322,126,583
97$512,613,444$83,447,436$47,624,048$353,306,012
98$564,754,229$87,390,574$49,073,667$387,604,849
99$622,208,781$91,522,333$50,567,256$425,338,946
100$685,518,961$95,851,812$52,106,143$466,856,275