Can I retire at age 62 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,110,829
2 years$580,506$569,695$559,217$549,058$539,204$517,628
3 years$383,160$372,302$361,850$351,787$342,093$321,112
4 years$284,506$273,681$263,334$253,443$243,984$223,760
5 years$225,329$214,569$204,358$194,668$185,472$166,064
6 years$185,891$175,212$165,152$155,678$146,758$128,185
7 years$157,732$147,143$137,242$127,991$119,354$101,622
8 years$136,622$126,129$116,392$107,369$99,015$82,120
9 years$120,212$109,818$100,248$91,454$83,385$67,315
10 years$107,092$96,799$87,399$78,834$71,048$55,789
11 years$96,364$86,174$76,945$68,610$61,104$46,638
12 years$87,430$77,345$68,286$60,180$52,951$39,258
13 years$79,877$69,898$61,009$53,130$46,175$33,232
14 years$73,408$63,535$54,817$47,163$40,476$28,260
15 years$67,807$58,040$49,493$42,061$35,639$24,124
16 years$62,911$53,251$44,872$37,661$31,498$20,659
17 years$58,596$49,042$40,832$33,838$27,928$17,740
18 years$54,764$45,317$37,274$30,495$24,832$15,267
19 years$51,339$41,999$34,123$27,555$22,133$13,164
20 years$48,261$39,028$31,316$24,956$19,770$11,369
21 years$45,480$36,353$28,805$22,649$17,692$9,833
22 years$42,955$33,934$26,548$20,593$15,858$8,515
23 years$40,653$31,738$24,513$18,755$14,235$7,380
24 years$38,545$29,736$22,670$17,105$12,795$6,403
25 years$36,610$27,906$20,997$15,622$11,514$5,559
26 years$34,826$26,227$19,474$14,284$10,371$4,830
27 years$33,177$24,683$18,083$13,074$9,350$4,199
28 years$31,649$23,259$16,810$11,979$8,437$3,652
29 years$30,228$21,942$15,644$10,985$7,618$3,177
30 years$28,905$20,722$14,571$10,081$6,884$2,766
31 years$27,670$19,589$13,584$9,259$6,224$2,408
32 years$26,514$18,535$12,675$8,509$5,630$2,097
33 years$25,430$17,553$11,834$7,825$5,095$1,827
34 years$24,412$16,636$11,057$7,200$4,613$1,592
35 years$23,455$15,779$10,338$6,628$4,178$1,388
36 years$22,553$14,977$9,671$6,104$3,785$1,209
37 years$21,701$14,225$9,052$5,624$3,431$1,054
38 years$20,897$13,518$8,476$5,184$3,110$919
39 years$20,135$12,855$7,942$4,780$2,821$802
40 years$19,414$12,230$7,444$4,408$2,558$699
41 years$18,729$11,642$6,980$4,067$2,321$610
42 years$18,079$11,087$6,547$3,754$2,106$532
43 years$17,460$10,564$6,144$3,465$1,911$464
44 years$16,872$10,070$5,767$3,199$1,735$405
45 years$16,311$9,602$5,415$2,955$1,575$353
46 years$15,776$9,160$5,086$2,729$1,430$308
47 years$15,265$8,742$4,778$2,522$1,299$269
48 years$14,777$8,345$4,490$2,330$1,179$234
49 years$14,311$7,969$4,220$2,153$1,071$204
50 years$13,864$7,612$3,968$1,990$973$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $14,200,000, adding $4,990 every year, while hoping to spend $26,323 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: 45/33/22 Blend
61$14,200,000$14,200,000$14,200,000$14,200,000
62$15,653,547$14,900,947$14,680,847$16,258,482
63$17,222,202$15,603,086$15,144,648$17,387,194
64$18,949,976$16,338,748$15,623,104$18,607,509
65$20,853,074$17,109,547$16,116,678$19,930,370
66$22,949,349$17,917,176$16,625,849$21,365,325
67$25,258,476$18,763,411$17,151,108$22,922,857
68$27,802,136$19,650,113$17,692,965$24,614,479
69$30,604,218$20,579,232$18,251,943$26,452,831
70$33,691,050$21,552,816$18,828,585$28,451,802
71$37,091,642$22,573,010$19,423,448$30,626,646
72$40,837,964$23,642,062$20,037,108$32,994,128
73$44,965,245$24,762,332$20,670,160$35,572,668
74$49,512,306$25,936,292$21,323,216$38,382,514
75$54,521,926$27,166,535$21,996,908$41,445,921
76$60,041,247$28,455,779$22,691,889$44,787,357
77$66,122,218$29,806,877$23,408,832$48,433,723
78$72,822,087$31,222,816$24,148,430$52,414,600
79$80,203,937$32,706,732$24,911,400$56,762,521
80$88,337,287$34,261,910$25,698,480$61,513,264
81$97,298,744$35,891,797$26,510,433$66,706,186
82$107,172,728$37,600,007$27,348,044$72,384,581
83$118,052,267$39,390,329$28,212,125$78,596,077
84$130,039,880$41,266,736$29,103,513$85,393,078
85$143,248,536$43,233,395$30,023,069$92,833,246
86$157,802,730$45,294,675$30,971,685$100,980,033
87$173,839,652$47,455,157$31,950,280$109,903,264
88$191,510,482$49,719,645$32,959,800$119,679,790
89$210,981,822$52,093,178$34,001,224$130,394,195
90$232,437,262$54,581,038$35,075,559$142,139,579
91$256,079,118$57,188,765$36,183,846$155,018,425
92$282,130,342$59,922,168$37,327,158$169,143,550
93$310,836,622$62,787,339$38,506,603$184,639,151
94$342,468,705$65,790,666$39,723,322$201,641,964
95$377,324,953$68,938,850$40,978,494$220,302,533
96$415,734,159$72,238,914$42,273,334$240,786,614
97$458,058,648$75,698,226$43,609,096$263,276,721
98$504,697,703$79,324,511$44,987,073$287,973,826
99$556,091,330$83,125,873$46,408,601$315,099,237
100$612,724,411$87,110,807$47,875,055$344,896,662