Can I retire at age 62 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,043,930
2 years$555,978$545,623$535,588$525,858$516,421$476,028
3 years$366,970$356,571$346,561$336,922$327,638$288,678
4 years$272,485$262,117$252,208$242,734$233,674$196,442
5 years$215,808$205,503$195,723$186,443$177,636$142,228
6 years$178,036$167,809$158,174$149,100$140,557$106,999
7 years$151,067$140,926$131,443$122,583$114,310$82,593
8 years$130,849$120,799$111,474$102,832$94,832$64,926
9 years$115,133$105,177$96,013$87,590$79,862$51,726
10 years$102,567$92,709$83,706$75,503$68,046$41,629
11 years$92,292$82,533$73,693$65,711$58,522$33,766
12 years$83,736$74,077$65,401$57,637$50,714$27,556
13 years$76,502$66,944$58,431$50,885$44,224$22,598
14 years$70,307$60,850$52,501$45,170$38,766$18,605
15 years$64,942$55,588$47,401$40,284$34,133$15,365
16 years$60,253$51,001$42,976$36,070$30,167$12,723
17 years$56,120$46,970$39,107$32,408$26,748$10,556
18 years$52,450$43,402$35,699$29,206$23,783$8,774
19 years$49,170$40,225$32,681$26,390$21,198$7,303
20 years$46,222$37,379$29,993$23,902$18,935$6,086
21 years$43,558$34,817$27,588$21,692$16,944$5,077
22 years$41,140$32,500$25,426$19,723$15,188$4,238
23 years$38,935$30,397$23,477$17,962$13,634$3,540
24 years$36,917$28,480$21,712$16,383$12,254$2,959
25 years$35,063$26,727$20,110$14,962$11,027$2,475
26 years$33,354$25,119$18,651$13,680$9,933$2,070
27 years$31,775$23,640$17,319$12,522$8,955$1,732
28 years$30,311$22,276$16,100$11,473$8,080$1,450
29 years$28,951$21,015$14,983$10,521$7,296$1,214
30 years$27,684$19,846$13,956$9,655$6,593$1,017
31 years$26,500$18,761$13,010$8,868$5,961$852
32 years$25,393$17,752$12,139$8,150$5,392$713
33 years$24,356$16,811$11,334$7,494$4,880$598
34 years$23,381$15,933$10,590$6,895$4,418$501
35 years$22,464$15,113$9,901$6,348$4,001$419
36 years$21,600$14,344$9,262$5,846$3,625$352
37 years$20,785$13,624$8,669$5,386$3,286$295
38 years$20,014$12,947$8,118$4,965$2,979$247
39 years$19,284$12,311$7,606$4,578$2,701$207
40 years$18,593$11,713$7,129$4,222$2,450$173
41 years$17,938$11,150$6,685$3,896$2,223$145
42 years$17,315$10,619$6,271$3,595$2,017$122
43 years$16,723$10,118$5,884$3,319$1,831$102
44 years$16,159$9,644$5,523$3,064$1,662$86
45 years$15,622$9,197$5,186$2,830$1,509$72
46 years$15,109$8,773$4,871$2,614$1,370$60
47 years$14,620$8,372$4,576$2,415$1,244$50
48 years$14,153$7,993$4,300$2,232$1,129$42
49 years$13,706$7,632$4,042$2,062$1,026$35
50 years$13,278$7,291$3,800$1,906$932$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,600,000, adding $3,778 every year, while hoping to spend $25,048 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: 77/7/16 Blend
61$13,600,000$13,600,000$13,600,000$13,600,000
62$14,991,097$14,270,297$14,059,497$16,092,951
63$16,493,538$14,942,891$14,503,839$17,493,366
64$18,148,389$15,647,602$14,962,228$19,025,192
65$19,971,168$16,385,978$15,435,106$20,704,383
66$21,978,977$17,159,641$15,922,932$22,545,644
67$24,190,662$17,970,293$16,426,180$24,565,171
68$26,626,988$18,819,716$16,945,335$26,780,795
69$29,310,840$19,709,781$17,480,902$29,212,154
70$32,267,432$20,642,447$18,033,400$31,880,877
71$35,524,555$21,619,771$18,603,363$34,810,780
72$39,112,827$22,643,908$19,191,344$38,028,098
73$43,065,994$23,717,118$19,797,912$41,561,723
74$47,421,239$24,841,770$20,423,656$45,443,479
75$52,219,539$26,020,350$21,069,181$49,708,418
76$57,506,046$27,255,462$21,735,114$54,395,151
77$63,330,522$28,549,838$22,422,098$59,546,206
78$69,747,797$29,906,342$23,130,801$65,208,434
79$76,818,298$31,327,979$23,861,909$71,433,440
80$84,608,611$32,817,897$24,616,129$78,278,076
81$93,192,114$34,379,398$25,394,194$85,804,967
82$102,649,667$36,015,946$26,196,857$94,083,107
83$113,070,377$37,731,171$27,024,896$103,188,502
84$124,552,439$39,528,882$27,879,113$113,204,886
85$137,204,060$41,413,070$28,760,336$124,224,509
86$151,144,487$43,387,922$29,669,419$136,349,003
87$166,505,123$45,457,829$30,607,243$149,690,338
88$183,430,777$47,627,394$31,574,717$164,371,880
89$202,081,025$49,901,445$32,572,779$180,529,543
90$222,631,718$52,285,044$33,602,396$198,313,078
91$245,276,642$54,783,500$34,664,565$217,887,473
92$270,229,347$57,402,380$35,760,316$239,434,514
93$297,725,165$60,147,521$36,890,711$263,154,494
94$328,023,428$63,025,046$38,056,846$289,268,096
95$361,409,918$66,041,373$39,259,850$318,018,478
96$398,199,565$69,203,236$40,500,891$349,673,557
97$438,739,420$72,517,694$41,781,170$384,528,537
98$483,411,931$75,992,150$43,101,929$422,908,690
99$532,638,552$79,634,370$44,464,447$465,172,418
100$586,883,724$83,452,494$45,870,046$511,714,635