Can I retire at age 62 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,116,332
2 years$576,418$565,683$555,279$545,191$535,407$527,318
3 years$380,462$369,680$359,302$349,309$339,684$331,779
4 years$282,503$271,754$261,480$251,658$242,265$234,605
5 years$223,742$213,058$202,919$193,297$184,166$176,772
6 years$184,582$173,978$163,989$154,581$145,725$138,607
7 years$156,621$146,107$136,275$127,090$118,513$111,675
8 years$135,660$125,240$115,572$106,613$98,318$91,760
9 years$119,365$109,044$99,543$90,810$82,798$76,518
10 years$106,337$96,117$86,783$78,279$70,548$64,542
11 years$95,685$85,567$76,403$68,126$60,674$54,938
12 years$86,815$76,801$67,805$59,756$52,579$47,108
13 years$79,315$69,405$60,580$52,756$45,849$40,639
14 years$72,892$63,088$54,431$46,831$40,191$35,234
15 years$67,330$57,632$49,144$41,765$35,388$30,676
16 years$62,468$52,876$44,556$37,396$31,276$26,804
17 years$58,183$48,697$40,544$33,600$27,731$23,491
18 years$54,378$44,998$37,012$30,280$24,657$20,642
19 years$50,978$41,704$33,883$27,361$21,978$18,179
20 years$47,921$38,753$31,096$24,780$19,631$16,041
21 years$45,160$36,097$28,602$22,490$17,567$14,178
22 years$42,652$33,695$26,361$20,448$15,747$12,550
23 years$40,366$31,514$24,340$18,623$14,135$11,124
24 years$38,274$29,527$22,510$16,985$12,705$9,871
25 years$36,352$27,710$20,849$15,512$11,433$8,767
26 years$34,581$26,043$19,336$14,183$10,298$7,794
27 years$32,943$24,509$17,956$12,982$9,285$6,934
28 years$31,426$23,095$16,692$11,894$8,378$6,174
29 years$30,015$21,787$15,533$10,907$7,565$5,500
30 years$28,702$20,576$14,469$10,010$6,835$4,902
31 years$27,475$19,451$13,489$9,194$6,180$4,371
32 years$26,327$18,405$12,585$8,449$5,590$3,900
33 years$25,251$17,429$11,751$7,770$5,059$3,481
34 years$24,241$16,519$10,979$7,149$4,580$3,107
35 years$23,290$15,668$10,265$6,581$4,149$2,775
36 years$22,394$14,871$9,603$6,061$3,759$2,479
37 years$21,549$14,124$8,988$5,584$3,407$2,215
38 years$20,750$13,423$8,417$5,147$3,089$1,979
39 years$19,993$12,764$7,886$4,746$2,801$1,769
40 years$19,277$12,144$7,391$4,377$2,540$1,582
41 years$18,597$11,560$6,931$4,039$2,305$1,414
42 years$17,951$11,009$6,501$3,727$2,091$1,265
43 years$17,337$10,490$6,100$3,441$1,898$1,131
44 years$16,753$9,999$5,726$3,177$1,723$1,012
45 years$16,196$9,535$5,377$2,934$1,564$905
46 years$15,665$9,096$5,050$2,710$1,420$809
47 years$15,158$8,680$4,744$2,504$1,289$724
48 years$14,673$8,286$4,458$2,314$1,171$648
49 years$14,210$7,913$4,191$2,138$1,064$580
50 years$13,767$7,559$3,940$1,976$966$519

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,100,000, adding $6,073 every year, while hoping to spend $30,201 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: 60/23/17 Blend
61$14,100,000$14,100,000$14,100,000$14,100,000
62$15,544,464$14,797,164$14,578,614$16,409,012
63$17,097,866$15,490,092$15,034,864$17,686,466
64$18,808,703$16,215,960$15,505,386$19,075,549
65$20,693,000$16,976,353$15,990,627$20,590,242
66$22,768,419$17,772,927$16,491,046$22,242,704
67$25,054,420$18,607,422$17,007,118$24,046,305
68$27,572,447$19,481,662$17,539,333$26,015,749
69$30,346,131$20,397,558$18,088,195$28,167,212
70$33,401,512$21,357,114$18,654,224$30,518,485
71$36,767,283$22,362,430$19,237,958$33,089,143
72$40,475,067$23,415,709$19,839,950$35,900,722
73$44,559,705$24,519,261$20,460,770$38,976,919
74$49,059,597$25,675,506$21,101,008$42,343,809
75$54,017,054$26,886,984$21,761,270$46,030,089
76$59,478,703$28,156,356$22,442,182$50,067,340
77$65,495,925$29,486,412$23,144,390$54,490,323
78$72,125,342$30,880,078$23,868,559$59,337,298
79$79,429,347$32,340,422$24,615,376$64,650,382
80$87,476,698$33,870,660$25,385,548$70,475,936
81$96,343,164$35,474,165$26,179,807$76,865,002
82$106,112,240$37,154,473$26,998,904$83,873,773
83$116,875,938$38,915,291$27,843,617$91,564,117
84$128,735,650$40,760,508$28,714,745$100,004,154
85$141,803,112$42,694,198$29,613,114$109,268,892
86$156,201,452$44,720,637$30,539,576$119,440,925
87$172,066,358$46,844,305$31,495,009$130,611,204
88$189,547,353$49,069,902$32,480,319$142,879,888
89$208,809,211$51,402,356$33,496,438$156,357,279
90$230,033,513$53,846,833$34,544,330$171,164,853
91$253,420,354$56,408,751$35,624,988$187,436,395
92$279,190,241$59,093,791$36,739,436$205,319,255
93$307,586,168$61,907,909$37,888,730$224,975,725
94$338,875,913$64,857,353$39,073,959$246,584,556
95$373,354,565$67,948,672$40,296,245$270,342,640
96$411,347,309$71,188,735$41,556,747$296,466,849
97$453,212,495$74,584,744$42,856,659$325,196,074
98$499,345,026$78,144,252$44,197,213$356,793,461
99$550,180,077$81,875,179$45,579,678$391,548,884
100$606,197,212$85,785,830$47,005,365$429,781,664