Can I retire at age 62 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,090,277
2 years$572,330$561,671$551,341$541,325$531,609$505,460
3 years$377,763$367,058$356,754$346,832$337,275$311,895
4 years$280,499$269,827$259,625$249,873$240,547$216,133
5 years$222,156$211,547$201,480$191,926$182,860$159,480
6 years$183,273$172,744$162,826$153,485$144,691$122,369
7 years$155,510$145,070$135,309$126,189$117,673$96,411
8 years$134,698$124,352$114,753$105,856$97,621$77,412
9 years$118,519$108,271$98,837$90,166$82,211$63,039
10 years$105,583$95,436$86,168$77,724$70,048$51,892
11 years$95,006$84,961$75,861$67,643$60,243$43,078
12 years$86,199$76,256$67,325$59,332$52,206$36,003
13 years$78,752$68,913$60,150$52,381$45,524$30,254
14 years$72,375$62,640$54,045$46,498$39,906$25,536
15 years$66,852$57,223$48,795$41,468$35,137$21,633
16 years$62,025$52,501$44,240$37,130$31,054$18,382
17 years$57,770$48,351$40,257$33,361$27,535$15,660
18 years$53,993$44,679$36,749$30,065$24,482$13,369
19 years$50,616$41,408$33,642$27,167$21,822$11,434
20 years$47,582$38,478$30,875$24,605$19,492$9,793
21 years$44,839$35,841$28,399$22,330$17,443$8,399
22 years$42,350$33,456$26,174$20,303$15,635$7,211
23 years$40,080$31,291$24,167$18,491$14,035$6,197
24 years$38,003$29,318$22,351$16,865$12,615$5,330
25 years$36,094$27,513$20,701$15,402$11,351$4,588
26 years$34,335$25,858$19,199$14,082$10,225$3,951
27 years$32,710$24,335$17,828$12,890$9,219$3,404
28 years$31,203$22,931$16,574$11,810$8,318$2,934
29 years$29,803$21,633$15,423$10,830$7,511$2,530
30 years$28,498$20,430$14,366$9,939$6,787$2,182
31 years$27,280$19,313$13,393$9,128$6,136$1,883
32 years$26,140$18,274$12,496$8,389$5,550$1,625
33 years$25,072$17,306$11,668$7,715$5,023$1,403
34 years$24,069$16,402$10,902$7,098$4,548$1,211
35 years$23,125$15,557$10,192$6,534$4,119$1,046
36 years$22,235$14,766$9,535$6,018$3,732$903
37 years$21,396$14,024$8,924$5,545$3,383$780
38 years$20,602$13,328$8,357$5,111$3,067$674
39 years$19,852$12,674$7,830$4,712$2,781$582
40 years$19,140$12,058$7,339$4,346$2,522$503
41 years$18,465$11,478$6,881$4,010$2,288$434
42 years$17,824$10,931$6,455$3,701$2,076$375
43 years$17,214$10,415$6,057$3,416$1,885$324
44 years$16,634$9,928$5,686$3,154$1,711$280
45 years$16,081$9,467$5,339$2,913$1,553$242
46 years$15,554$9,031$5,014$2,691$1,410$209
47 years$15,050$8,619$4,711$2,486$1,280$181
48 years$14,569$8,228$4,427$2,297$1,163$156
49 years$14,109$7,857$4,161$2,123$1,056$135
50 years$13,669$7,505$3,912$1,962$959$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,000,000, adding $2,830 every year, while hoping to spend $44,790 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: 71/19/10 Blend
61$14,000,000$14,000,000$14,000,000$14,000,000
62$15,430,919$14,688,919$14,471,919$16,496,533
63$16,957,217$15,361,020$14,909,072$17,874,178
64$18,637,695$16,064,553$15,359,369$19,375,905
65$20,488,034$16,801,010$15,823,202$21,018,499
66$22,525,511$17,571,956$16,300,976$22,815,833
67$24,769,162$18,379,031$16,793,108$24,783,171
68$27,239,967$19,223,954$17,300,027$26,937,314
69$29,961,041$20,108,525$17,822,175$29,296,753
70$32,957,855$21,034,631$18,360,007$31,881,842
71$36,258,480$22,004,252$18,913,990$34,714,985
72$39,893,845$23,019,460$19,484,609$37,820,845
73$43,898,032$24,082,428$20,072,358$41,226,574
74$48,308,600$25,195,436$20,677,751$44,962,065
75$53,166,934$26,360,869$21,301,312$49,060,230
76$58,518,640$27,581,230$21,943,584$53,557,306
77$64,413,973$28,859,142$22,605,127$58,493,195
78$70,908,313$30,197,355$23,286,513$63,911,834
79$78,062,685$31,598,749$23,988,335$69,861,607
80$85,944,337$33,066,346$24,711,203$76,395,794
81$94,627,375$34,603,313$25,455,744$83,573,074
82$104,193,459$36,212,967$26,222,603$91,458,067
83$114,732,577$37,898,788$27,012,446$100,121,946
84$126,343,894$39,664,423$27,825,957$109,643,095
85$139,136,687$41,513,694$28,663,841$120,107,850
86$153,231,374$43,450,610$29,526,825$131,611,304
87$168,760,655$45,479,372$30,415,655$144,258,198
88$185,870,763$47,604,382$31,331,101$158,163,905
89$204,722,843$49,830,259$32,273,955$173,455,510
90$225,494,473$52,161,841$33,245,032$190,273,003
91$248,381,341$54,604,203$34,245,172$208,770,593
92$273,599,091$57,162,663$35,275,239$229,118,154
93$301,385,363$59,842,797$36,336,124$251,502,822
94$332,002,027$62,650,452$37,428,742$276,130,753
95$365,737,665$65,591,756$38,554,036$303,229,055
96$402,910,289$68,673,133$39,712,977$333,047,930
97$443,870,342$71,901,321$40,906,566$365,863,018
98$489,004,012$75,283,380$42,135,831$401,977,993
99$538,736,871$78,826,716$43,401,832$441,727,418
100$593,537,897$82,539,090$44,705,658$485,479,891