Can I retire at age 62 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,191,025
2 years$617,299$605,802$594,660$583,857$573,379$560,219
3 years$407,445$395,899$384,785$374,083$363,775$350,934
4 years$302,538$291,027$280,025$269,506$259,447$247,024
5 years$239,611$228,169$217,311$207,006$197,228$185,258
6 years$197,673$186,317$175,619$165,545$156,060$144,558
7 years$167,729$156,469$145,940$136,103$126,918$115,890
8 years$145,281$134,123$123,769$114,174$105,291$94,735
9 years$127,831$116,778$106,602$97,251$88,670$78,583
10 years$113,879$102,934$92,938$83,831$75,551$65,927
11 years$102,471$91,636$81,821$72,958$64,977$55,806
12 years$92,972$82,248$72,614$63,994$56,307$47,581
13 years$84,940$74,328$64,876$56,497$49,101$40,809
14 years$78,061$67,562$58,292$50,152$43,042$35,172
15 years$72,105$61,719$52,629$44,727$37,897$30,438
16 years$66,899$56,626$47,716$40,048$33,494$26,432
17 years$62,310$52,150$43,420$35,983$29,698$23,021
18 years$58,235$48,189$39,637$32,428$26,406$20,100
19 years$54,593$44,661$36,286$29,301$23,536$17,587
20 years$51,320$41,502$33,301$26,538$21,023$15,417
21 years$48,362$38,657$30,631$24,085$18,813$13,536
22 years$45,677$36,085$28,231$21,899$16,863$11,901
23 years$43,229$33,750$26,066$19,943$15,138$10,476
24 years$40,988$31,621$24,107$18,190$13,606$9,232
25 years$38,930$29,675$22,328$16,612$12,243$8,143
26 years$37,033$27,890$20,708$15,189$11,028$7,188
27 years$35,280$26,247$19,229$13,903$9,943$6,350
28 years$33,655$24,733$17,876$12,738$8,972$5,613
29 years$32,144$23,333$16,635$11,681$8,101$4,964
30 years$30,737$22,035$15,495$10,720$7,320$4,392
31 years$29,423$20,830$14,445$9,846$6,618$3,888
32 years$28,194$19,710$13,478$9,048$5,986$3,443
33 years$27,042$18,666$12,584$8,321$5,418$3,050
34 years$25,960$17,691$11,758$7,656$4,905$2,702
35 years$24,942$16,779$10,993$7,048$4,443$2,395
36 years$23,982$15,926$10,284$6,491$4,025$2,123
37 years$23,077$15,126$9,625$5,980$3,648$1,883
38 years$22,221$14,375$9,014$5,512$3,308$1,670
39 years$21,411$13,669$8,445$5,083$2,999$1,481
40 years$20,644$13,005$7,915$4,688$2,721$1,314
41 years$19,916$12,380$7,422$4,325$2,468$1,166
42 years$19,225$11,790$6,962$3,992$2,240$1,034
43 years$18,567$11,234$6,533$3,685$2,033$918
44 years$17,941$10,708$6,132$3,402$1,845$815
45 years$17,345$10,211$5,758$3,142$1,675$723
46 years$16,776$9,741$5,408$2,902$1,521$642
47 years$16,233$9,296$5,081$2,681$1,381$570
48 years$15,714$8,874$4,775$2,478$1,254$506
49 years$15,218$8,474$4,488$2,290$1,139$449
50 years$14,743$8,095$4,219$2,117$1,035$399

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,100,000, adding $5,191 every year, while hoping to spend $57,504 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: 53/21/26 Blend
61$15,100,000$15,100,000$15,100,000$15,100,000
62$16,645,555$15,845,255$15,611,205$17,407,049
63$18,282,217$16,560,488$16,072,996$18,649,467
64$20,083,892$17,308,841$16,548,330$19,994,475
65$22,067,350$18,091,875$17,037,600$21,457,045
66$24,251,070$18,911,227$17,541,210$23,048,439
67$26,655,414$19,768,612$18,059,576$24,781,038
68$29,302,820$20,665,828$18,593,125$26,668,459
69$32,218,010$21,604,756$19,142,297$28,725,674
70$35,428,228$22,587,370$19,707,545$30,969,151
71$38,963,494$23,615,738$20,289,335$33,417,005
72$42,856,887$24,692,026$20,888,144$36,089,162
73$47,144,859$25,818,504$21,504,465$39,007,545
74$51,867,575$26,997,551$22,138,806$42,196,272
75$57,069,297$28,231,661$22,791,685$45,681,886
76$62,798,799$29,523,445$23,463,640$49,493,591
77$69,109,826$30,875,643$24,155,222$53,663,530
78$76,061,602$32,291,124$24,866,995$58,227,079
79$83,719,390$33,772,894$25,599,545$63,223,174
80$92,155,108$35,324,105$26,353,469$68,694,673
81$101,448,003$36,948,061$27,129,384$74,688,758
82$111,685,405$38,648,222$27,927,925$81,257,365
83$122,963,548$40,428,216$28,749,742$88,457,677
84$135,388,478$42,291,847$29,595,506$96,352,648
85$149,077,054$44,243,099$30,465,907$105,011,594
86$164,158,052$46,286,149$31,361,654$114,510,840
87$180,773,379$48,425,376$32,283,474$124,934,428
88$199,079,412$50,665,367$33,232,119$136,374,904
89$219,248,475$53,010,934$34,208,358$148,934,183
90$241,470,466$55,467,116$35,212,985$162,724,500
91$265,954,648$58,039,199$36,246,814$177,869,461
92$292,931,623$60,732,721$37,310,684$194,505,197
93$322,655,512$63,553,488$38,405,455$212,781,641
94$355,406,352$66,507,586$39,532,015$232,863,929
95$391,492,736$69,601,394$40,691,273$254,933,950
96$431,254,731$72,841,599$41,884,168$279,192,048
97$475,067,087$76,235,210$43,111,661$305,858,903
98$523,342,771$79,789,577$44,374,742$335,177,597
99$576,536,868$83,512,401$45,674,431$367,415,899
100$635,150,877$87,411,757$47,011,773$402,868,773