Can I retire at age 62 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,180,694
2 years$629,563$617,838$606,475$595,457$584,770$537,656
3 years$415,540$403,764$392,429$381,515$371,002$325,581
4 years$308,549$296,809$285,588$274,860$264,602$221,220
5 years$244,371$232,702$221,628$211,119$201,146$159,914
6 years$201,600$190,019$179,108$168,834$159,160$120,106
7 years$171,061$159,577$148,840$138,807$129,440$92,551
8 years$148,168$136,787$126,228$116,442$107,383$72,624
9 years$130,371$119,098$108,720$99,183$90,432$57,752
10 years$116,142$104,979$94,785$85,497$77,052$46,391
11 years$104,507$93,457$83,447$74,408$66,268$37,554
12 years$94,819$83,882$74,057$65,265$57,426$30,587
13 years$86,627$75,805$66,165$57,620$50,077$25,032
14 years$79,612$68,904$59,450$51,148$43,897$20,565
15 years$73,538$62,945$53,675$45,615$38,650$16,948
16 years$68,228$57,751$48,664$40,844$34,159$14,003
17 years$63,548$53,187$44,283$36,698$30,288$11,593
18 years$59,392$49,147$40,424$33,072$26,931$9,614
19 years$55,678$45,549$37,006$29,883$24,004$7,984
20 years$52,340$42,326$33,963$27,065$21,441$6,638
21 years$49,323$39,425$31,239$24,563$19,187$5,524
22 years$46,585$36,802$28,792$22,334$17,198$4,601
23 years$44,088$34,420$26,584$20,340$15,438$3,835
24 years$41,803$32,249$24,586$18,551$13,876$3,197
25 years$39,704$30,264$22,771$16,942$12,487$2,667
26 years$37,769$28,444$21,119$15,491$11,247$2,226
27 years$35,981$26,769$19,611$14,179$10,141$1,858
28 years$34,323$25,224$18,231$12,991$9,150$1,552
29 years$32,783$23,796$16,966$11,913$8,262$1,296
30 years$31,348$22,473$15,803$10,933$7,465$1,083
31 years$30,008$21,244$14,732$10,041$6,749$905
32 years$28,754$20,101$13,746$9,228$6,105$756
33 years$27,579$19,036$12,834$8,486$5,525$632
34 years$26,475$18,042$11,992$7,808$5,003$528
35 years$25,437$17,113$11,211$7,188$4,531$441
36 years$24,459$16,242$10,488$6,620$4,105$369
37 years$23,535$15,427$9,817$6,099$3,721$308
38 years$22,663$14,661$9,193$5,622$3,373$258
39 years$21,837$13,941$8,613$5,183$3,059$215
40 years$21,054$13,264$8,073$4,781$2,775$180
41 years$20,312$12,626$7,570$4,411$2,517$151
42 years$19,606$12,024$7,101$4,071$2,284$126
43 years$18,936$11,457$6,663$3,758$2,073$105
44 years$18,297$10,921$6,254$3,470$1,882$88
45 years$17,689$10,414$5,873$3,204$1,708$74
46 years$17,109$9,934$5,516$2,960$1,551$61
47 years$16,555$9,481$5,182$2,735$1,408$51
48 years$16,026$9,050$4,869$2,527$1,279$43
49 years$15,520$8,643$4,577$2,335$1,162$36
50 years$15,036$8,256$4,303$2,159$1,055$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,400,000, adding $5,237 every year, while hoping to spend $58,528 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: 64/10/26 Blend
61$15,400,000$15,400,000$15,400,000$15,400,000
62$16,976,202$16,160,002$15,921,302$17,945,947
63$18,645,501$16,889,569$16,392,392$19,331,727
64$20,483,107$17,652,923$16,877,302$20,838,285
65$22,506,126$18,451,658$17,376,434$22,483,148
66$24,733,405$19,287,443$17,890,199$24,279,896
67$27,185,714$20,162,030$18,419,022$26,243,475
68$29,885,938$21,077,250$18,963,340$28,390,334
69$32,859,294$22,035,025$19,523,602$30,738,582
70$36,133,570$23,037,369$20,100,271$33,308,152
71$39,739,384$24,086,391$20,693,820$36,120,988
72$43,710,477$25,184,300$21,304,739$39,201,249
73$48,084,029$26,333,414$21,933,531$42,575,537
74$52,901,008$27,536,159$22,580,712$46,273,139
75$58,206,560$28,795,080$23,246,815$50,326,306
76$64,050,432$30,112,842$23,932,386$54,770,550
77$70,487,443$31,492,238$24,637,989$59,644,978
78$77,578,002$32,936,197$25,364,200$64,992,657
79$85,388,673$34,447,786$26,111,616$70,861,018
80$93,992,812$36,030,221$26,880,849$77,302,297
81$103,471,248$37,686,872$27,672,528$84,374,025
82$113,913,058$39,421,271$28,487,299$92,139,571
83$125,416,395$41,237,119$29,325,830$100,668,728
84$138,089,426$43,138,296$30,188,803$110,038,374
85$152,051,343$45,128,868$31,076,924$120,333,189
86$167,433,495$47,213,098$31,990,916$131,646,454
87$184,380,623$49,395,451$32,931,523$144,080,920
88$203,052,230$51,680,611$33,899,512$157,749,778
89$223,624,080$54,073,484$34,895,669$172,777,718
90$246,289,866$56,579,214$35,920,803$189,302,105
91$271,263,030$59,203,193$36,975,748$207,474,265
92$298,778,782$61,951,073$38,061,358$227,460,911
93$329,096,319$64,828,777$39,178,515$249,445,706
94$362,501,271$67,842,514$40,328,122$273,630,995
95$399,308,397$70,998,794$41,511,111$300,239,704
96$439,864,558$74,304,440$42,728,438$329,517,441
97$484,551,989$77,766,603$43,981,087$361,734,803
98$533,791,907$81,392,782$45,270,068$397,189,925
99$588,048,489$85,190,835$46,596,423$436,211,286
100$647,833,250$89,169,002$47,961,219$479,160,799