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%11.2%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,110,741
2 years$572,330$561,671$551,341$541,325$531,609$525,919
3 years$377,763$367,058$356,754$346,832$337,275$331,709
4 years$280,499$269,827$259,625$249,873$240,547$235,148
5 years$222,156$211,547$201,480$191,926$182,860$177,644
6 years$183,273$172,744$162,826$153,485$144,691$139,665
7 years$155,510$145,070$135,309$126,189$117,673$112,838
8 years$134,698$124,352$114,753$105,856$97,621$92,979
9 years$118,519$108,271$98,837$90,166$82,211$77,761
10 years$105,583$95,436$86,168$77,724$70,048$65,787
11 years$95,006$84,961$75,861$67,643$60,243$56,169
12 years$86,199$76,256$67,325$59,332$52,206$48,315
13 years$78,752$68,913$60,150$52,381$45,524$41,813
14 years$72,375$62,640$54,045$46,498$39,906$36,370
15 years$66,852$57,223$48,795$41,468$35,137$31,772
16 years$62,025$52,501$44,240$37,130$31,054$27,855
17 years$57,770$48,351$40,257$33,361$27,535$24,497
18 years$53,993$44,679$36,749$30,065$24,482$21,601
19 years$50,616$41,408$33,642$27,167$21,822$19,092
20 years$47,582$38,478$30,875$24,605$19,492$16,907
21 years$44,839$35,841$28,399$22,330$17,443$14,999
22 years$42,350$33,456$26,174$20,303$15,635$13,327
23 years$40,080$31,291$24,167$18,491$14,035$11,857
24 years$38,003$29,318$22,351$16,865$12,615$10,561
25 years$36,094$27,513$20,701$15,402$11,351$9,417
26 years$34,335$25,858$19,199$14,082$10,225$8,404
27 years$32,710$24,335$17,828$12,890$9,219$7,507
28 years$31,203$22,931$16,574$11,810$8,318$6,710
29 years$29,803$21,633$15,423$10,830$7,511$6,001
30 years$28,498$20,430$14,366$9,939$6,787$5,371
31 years$27,280$19,313$13,393$9,128$6,136$4,809
32 years$26,140$18,274$12,496$8,389$5,550$4,308
33 years$25,072$17,306$11,668$7,715$5,023$3,861
34 years$24,069$16,402$10,902$7,098$4,548$3,461
35 years$23,125$15,557$10,192$6,534$4,119$3,104
36 years$22,235$14,766$9,535$6,018$3,732$2,784
37 years$21,396$14,024$8,924$5,545$3,383$2,498
38 years$20,602$13,328$8,357$5,111$3,067$2,242
39 years$19,852$12,674$7,830$4,712$2,781$2,012
40 years$19,140$12,058$7,339$4,346$2,522$1,807
41 years$18,465$11,478$6,881$4,010$2,288$1,622
42 years$17,824$10,931$6,455$3,701$2,076$1,457
43 years$17,214$10,415$6,057$3,416$1,885$1,309
44 years$16,634$9,928$5,686$3,154$1,711$1,176
45 years$16,081$9,467$5,339$2,913$1,553$1,056
46 years$15,554$9,031$5,014$2,691$1,410$949
47 years$15,050$8,619$4,711$2,486$1,280$853
48 years$14,569$8,228$4,427$2,297$1,163$766
49 years$14,109$7,857$4,161$2,123$1,056$689
50 years$13,669$7,505$3,912$1,962$959$619

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 $5,135 every year, while hoping to spend $34,295 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: 63/11/26 Blend
61$14,000,000$14,000,000$14,000,000$14,000,000
62$15,433,297$14,691,297$14,474,297$16,298,923
63$16,971,003$15,374,681$14,922,696$17,569,110
64$18,664,407$16,090,401$15,384,967$18,951,666
65$20,529,352$16,840,006$15,861,539$20,461,072
66$22,583,298$17,625,119$16,352,853$22,109,756
67$24,845,485$18,447,440$16,859,364$23,911,393
68$27,337,114$19,308,754$17,381,543$25,881,035
69$30,081,547$20,210,931$17,919,872$28,035,247
70$33,104,528$21,155,929$18,474,850$30,392,262
71$36,434,424$22,145,805$19,046,993$32,972,150
72$40,102,497$23,182,711$19,636,829$35,797,005
73$44,143,194$24,268,906$20,244,905$38,891,150
74$48,594,475$25,406,757$20,871,784$42,281,365
75$53,498,169$26,598,746$21,518,046$45,997,131
76$58,900,373$27,847,475$22,184,291$50,070,913
77$64,851,881$29,155,671$22,871,135$54,538,457
78$71,408,669$30,526,195$23,579,214$59,439,124
79$78,632,418$31,962,044$24,309,183$64,816,260
80$86,591,103$33,466,362$25,061,718$70,717,601
81$95,359,625$35,042,444$25,837,516$77,195,717
82$105,020,528$36,693,745$26,637,294$84,308,505
83$115,664,772$38,423,888$27,461,793$92,119,732
84$127,392,590$40,236,670$28,311,775$100,699,631
85$140,314,442$42,136,074$29,188,027$110,125,558
86$154,552,049$44,126,275$30,091,359$120,482,721
87$170,239,545$46,211,651$31,022,608$131,864,973
88$187,524,747$48,396,790$31,982,633$144,375,698
89$206,570,543$50,686,505$32,972,323$158,128,778
90$227,556,437$53,085,841$33,992,594$173,249,663
91$250,680,236$55,600,090$35,044,388$189,876,546
92$276,159,923$58,234,797$36,128,679$208,161,667
93$304,235,713$60,995,780$37,246,467$228,272,737
94$335,172,319$63,889,137$38,398,787$250,394,518
95$369,261,452$66,921,261$39,586,703$274,730,557
96$406,824,576$70,098,859$40,811,314$301,505,103
97$448,215,941$73,428,961$42,073,751$330,965,212
98$493,825,925$76,918,938$43,375,179$363,383,073
99$544,084,724$80,576,521$44,716,802$399,058,570
100$599,466,410$84,409,814$46,099,860$438,322,099