Can I retire at age 62 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,095,794
2 years$564,154$553,647$543,464$533,591$524,015$519,334
3 years$372,367$361,815$351,657$341,877$332,457$327,876
4 years$276,492$265,972$255,917$246,303$237,111$232,666
5 years$218,982$208,525$198,602$189,185$180,248$175,952
6 years$180,655$170,277$160,500$151,292$142,624$138,483
7 years$153,289$142,998$133,376$124,386$115,992$112,007
8 years$132,774$122,576$113,113$104,344$96,226$92,399
9 years$116,826$106,724$97,425$88,878$81,036$77,365
10 years$104,075$94,072$84,937$76,614$69,047$65,530
11 years$93,649$83,747$74,777$66,677$59,383$56,018
12 years$84,967$75,167$66,363$58,485$51,460$48,245
13 years$77,627$67,929$59,291$51,633$44,874$41,806
14 years$71,341$61,745$53,273$45,834$39,336$36,411
15 years$65,897$56,405$48,098$40,876$34,635$31,850
16 years$61,139$51,751$43,608$36,600$30,610$27,961
17 years$56,945$47,661$39,682$32,885$27,141$24,624
18 years$53,221$44,041$36,224$29,636$24,133$21,744
19 years$49,893$40,816$33,162$26,779$21,510$19,245
20 years$46,902$37,929$30,434$24,253$19,213$17,068
21 years$44,199$35,329$27,994$22,011$17,194$15,164
22 years$41,745$32,978$25,800$20,013$15,412$13,493
23 years$39,507$30,844$23,822$18,226$13,834$12,022
24 years$37,460$28,899$22,031$16,624$12,435$10,725
25 years$35,579$27,120$20,405$15,182$11,189$9,578
26 years$33,845$25,489$18,925$13,881$10,079$8,561
27 years$32,243$23,988$17,574$12,706$9,087$7,659
28 years$30,757$22,603$16,337$11,641$8,199$6,857
29 years$29,377$21,324$15,203$10,675$7,404$6,142
30 years$28,091$20,138$14,161$9,797$6,690$5,506
31 years$26,890$19,037$13,202$8,998$6,048$4,938
32 years$25,767$18,013$12,318$8,269$5,471$4,431
33 years$24,714$17,059$11,501$7,604$4,951$3,977
34 years$23,725$16,168$10,746$6,997$4,483$3,571
35 years$22,794$15,335$10,047$6,441$4,060$3,208
36 years$21,918$14,555$9,398$5,932$3,679$2,882
37 years$21,090$13,824$8,797$5,465$3,334$2,591
38 years$20,308$13,138$8,238$5,038$3,023$2,329
39 years$19,568$12,493$7,718$4,645$2,741$2,094
40 years$18,867$11,886$7,234$4,284$2,486$1,883
41 years$18,201$11,314$6,783$3,953$2,256$1,694
42 years$17,569$10,775$6,363$3,648$2,047$1,524
43 years$16,968$10,266$5,971$3,367$1,858$1,371
44 years$16,396$9,786$5,604$3,109$1,686$1,234
45 years$15,851$9,332$5,262$2,872$1,531$1,111
46 years$15,331$8,902$4,943$2,652$1,390$1,000
47 years$14,835$8,496$4,643$2,451$1,262$900
48 years$14,361$8,110$4,364$2,264$1,146$810
49 years$13,908$7,745$4,101$2,093$1,041$729
50 years$13,474$7,398$3,856$1,934$945$657

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $13,800,000, adding $6,464 every year, while hoping to spend $54,278 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: 71/5/24 Blend
61$13,800,000$13,800,000$13,800,000$13,800,000
62$15,214,268$14,482,868$14,268,968$16,202,296
63$16,708,372$15,134,777$14,689,227$17,515,087
64$18,353,055$15,816,810$15,121,745$18,945,126
65$20,163,619$16,530,387$15,566,877$20,509,741
66$22,156,926$17,276,993$16,024,984$22,222,293
67$24,351,553$18,058,187$16,496,442$24,097,492
68$26,767,973$18,875,599$16,981,635$26,151,539
69$29,428,744$19,730,941$17,480,956$28,402,269
70$32,358,721$20,626,003$17,994,814$30,869,327
71$35,585,297$21,562,663$18,523,626$33,574,346
72$39,138,651$22,542,887$19,067,822$36,541,150
73$43,052,043$23,568,738$19,627,843$39,795,979
74$47,362,120$24,642,375$20,204,144$43,367,733
75$52,109,266$25,766,061$20,797,193$47,288,244
76$57,337,981$26,942,168$21,407,470$51,592,575
77$63,097,303$28,173,183$22,035,468$56,319,344
78$69,441,268$29,461,708$22,681,695$61,511,095
79$76,429,420$30,810,475$23,346,675$67,214,690
80$84,127,375$32,222,343$24,030,944$73,481,751
81$92,607,440$33,700,310$24,735,053$80,369,145
82$101,949,293$35,247,519$25,459,571$87,939,522
83$112,240,735$36,867,262$26,205,081$96,261,895
84$123,578,521$38,562,989$26,972,182$105,412,299
85$136,069,273$40,338,318$27,761,493$115,474,499
86$149,830,482$42,197,039$28,573,646$126,540,779
87$164,991,622$44,143,124$29,409,294$138,712,812
88$181,695,369$46,180,739$30,269,106$152,102,616
89$200,098,947$48,314,246$31,153,773$166,833,607
90$220,375,617$50,548,221$32,064,001$183,041,761
91$242,716,304$52,887,457$33,000,519$200,876,897
92$267,331,405$55,336,982$33,964,075$220,504,082
93$294,452,776$57,902,061$34,955,438$242,105,191
94$324,335,913$60,588,216$35,975,400$265,880,618
95$357,262,372$63,401,235$37,024,772$292,051,162
96$393,542,423$66,347,184$38,104,390$320,860,110
97$433,517,976$69,432,422$39,215,113$352,575,526
98$477,565,814$72,663,615$40,357,824$387,492,782
99$526,101,145$76,047,749$41,533,429$425,937,337
100$579,581,523$79,592,151$42,742,860$468,267,807