Can I retire at age 62 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,152,307
2 years$613,211$601,790$590,722$579,991$569,581$525,927
3 years$404,746$393,277$382,236$371,606$361,366$319,245
4 years$300,535$289,100$278,170$267,721$257,729$217,462
5 years$238,024$226,658$215,871$205,635$195,922$157,613
6 years$196,364$185,083$174,456$164,448$155,026$118,704
7 years$166,618$155,433$144,974$135,202$126,078$91,733
8 years$144,319$133,234$122,949$113,418$104,594$72,196
9 years$126,984$116,005$105,896$96,607$88,083$57,589
10 years$113,125$102,252$92,323$83,276$75,051$46,406
11 years$101,793$91,029$81,280$72,475$64,546$37,689
12 years$92,356$81,703$72,133$63,570$55,935$30,799
13 years$84,377$73,836$64,446$56,123$48,776$25,293
14 years$77,544$67,114$57,905$49,820$42,757$20,852
15 years$71,628$61,310$52,281$44,430$37,646$17,246
16 years$66,456$56,251$47,400$39,783$33,272$14,301
17 years$61,897$51,805$43,132$35,744$29,501$11,883
18 years$57,849$47,870$39,374$32,213$26,231$9,892
19 years$54,232$44,366$36,045$29,107$23,380$8,246
20 years$50,980$41,227$33,081$26,362$20,884$6,882
21 years$48,042$38,401$30,428$23,925$18,689$5,750
22 years$45,375$35,846$28,044$21,754$16,752$4,808
23 years$42,943$33,526$25,894$19,811$15,037$4,023
24 years$40,717$31,412$23,947$18,069$13,516$3,368
25 years$38,672$29,478$22,180$16,502$12,162$2,821
26 years$36,788$27,705$20,571$15,088$10,955$2,363
27 years$35,046$26,074$19,102$13,811$9,877$1,981
28 years$33,432$24,569$17,757$12,654$8,912$1,661
29 years$31,931$23,178$16,525$11,604$8,048$1,393
30 years$30,534$21,889$15,392$10,649$7,272$1,168
31 years$29,228$20,693$14,350$9,780$6,574$980
32 years$28,007$19,579$13,389$8,989$5,947$822
33 years$26,863$18,542$12,501$8,266$5,382$690
34 years$25,788$17,574$11,680$7,605$4,873$579
35 years$24,776$16,668$10,920$7,001$4,413$486
36 years$23,823$15,821$10,216$6,448$3,999$408
37 years$22,924$15,026$9,562$5,941$3,624$342
38 years$22,074$14,280$8,954$5,476$3,286$287
39 years$21,270$13,579$8,389$5,049$2,980$241
40 years$20,507$12,919$7,863$4,657$2,703$203
41 years$19,784$12,298$7,373$4,297$2,452$170
42 years$19,097$11,712$6,916$3,965$2,225$143
43 years$18,444$11,159$6,490$3,660$2,019$120
44 years$17,822$10,637$6,092$3,380$1,833$101
45 years$17,230$10,143$5,720$3,121$1,664$84
46 years$16,665$9,676$5,372$2,883$1,511$71
47 years$16,125$9,234$5,047$2,664$1,372$60
48 years$15,610$8,815$4,743$2,461$1,246$50
49 years$15,117$8,418$4,458$2,275$1,131$42
50 years$14,645$8,041$4,191$2,103$1,028$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,000,000, adding $5,757 every year, while hoping to spend $37,927 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: 73/9/18 Blend
61$15,000,000$15,000,000$15,000,000$15,000,000
62$16,535,938$15,740,938$15,508,438$17,673,134
63$18,182,250$16,471,890$15,987,617$19,159,606
64$19,995,214$17,237,388$16,481,577$20,782,334
65$21,991,790$18,039,083$16,990,773$22,559,024
66$24,190,664$18,878,710$17,515,675$24,504,961
67$26,612,427$19,758,082$18,056,767$26,636,973
68$29,279,772$20,679,105$18,614,545$28,973,584
69$32,217,701$21,643,774$19,189,525$31,535,195
70$35,453,768$22,654,181$19,782,236$34,344,266
71$39,018,335$23,712,517$20,393,223$37,425,530
72$42,944,858$24,821,084$21,023,049$40,806,226
73$47,270,206$25,982,290$21,672,293$44,516,346
74$52,035,006$27,198,661$22,341,554$48,588,925
75$57,284,028$28,472,847$23,031,448$53,060,341
76$63,066,605$29,807,623$23,742,608$57,970,664
77$69,437,104$31,205,901$24,475,690$63,364,023
78$76,455,431$32,670,732$25,231,368$69,289,026
79$84,187,603$34,205,316$26,010,337$75,799,213
80$92,706,368$35,813,007$26,813,313$82,953,556
81$102,091,895$37,497,321$27,641,036$90,817,017
82$112,432,523$39,261,945$28,494,266$99,461,152
83$123,825,604$41,110,744$29,373,788$108,964,787
84$136,378,416$43,047,771$30,280,409$119,414,756
85$150,209,176$45,077,273$31,214,965$130,906,717
86$165,448,159$47,203,707$32,178,313$143,546,051
87$182,238,924$49,431,741$33,171,340$157,448,852
88$200,739,671$51,766,274$34,194,957$172,743,017
89$221,124,735$54,212,438$35,250,105$189,569,451
90$243,586,228$56,775,617$36,337,753$208,083,390
91$268,335,856$59,461,456$37,458,901$228,455,863
92$295,606,917$62,275,871$38,614,578$250,875,297
93$325,656,502$65,225,068$39,805,846$275,549,297
94$358,767,921$68,315,552$41,033,798$302,706,591
95$395,253,381$71,554,146$42,299,561$332,599,192
96$435,456,928$74,948,001$43,604,299$365,504,763
97$479,757,699$78,504,618$44,949,207$401,729,235
98$528,573,500$82,231,860$46,335,522$441,609,689
99$582,364,749$86,137,973$47,764,514$485,517,529
100$641,638,824$90,231,604$49,237,495$533,861,978