Can I retire at age 62 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,202,212
2 years$633,651$621,850$610,413$599,324$588,568$554,782
3 years$418,238$406,386$394,978$383,993$373,411$340,677
4 years$310,552$298,737$287,443$276,645$266,320$234,889
5 years$245,958$234,213$223,067$212,490$202,452$172,411
6 years$202,909$191,253$180,271$169,930$160,194$131,570
7 years$172,172$160,614$149,806$139,709$130,280$103,076
8 years$149,130$137,676$127,048$117,198$108,080$82,280
9 years$131,217$119,871$109,426$99,827$91,019$66,600
10 years$116,896$105,661$95,400$86,052$77,553$54,483
11 years$105,186$94,064$83,989$74,891$66,698$44,941
12 years$95,434$84,426$74,538$65,689$57,799$37,315
13 years$87,190$76,297$66,595$57,994$50,402$31,147
14 years$80,129$69,352$59,836$51,480$44,182$26,110
15 years$74,015$63,354$54,024$45,911$38,901$21,965
16 years$68,671$58,126$48,980$41,109$34,381$18,531
17 years$63,960$53,532$44,570$36,936$30,485$15,672
18 years$59,778$49,466$40,687$33,287$27,106$13,281
19 years$56,040$45,845$37,247$30,077$24,160$11,274
20 years$52,680$42,601$34,183$27,241$21,580$9,584
21 years$49,644$39,681$31,442$24,723$19,312$8,157
22 years$46,887$37,041$28,979$22,479$17,310$6,949
23 years$44,374$34,644$26,757$20,472$15,539$5,925
24 years$42,074$32,459$24,745$18,671$13,966$5,056
25 years$39,961$30,461$22,919$17,052$12,568$4,317
26 years$38,014$28,628$21,256$15,591$11,320$3,688
27 years$36,214$26,943$19,738$14,271$10,206$3,152
28 years$34,546$25,388$18,349$13,075$9,209$2,695
29 years$32,996$23,951$17,076$11,990$8,316$2,305
30 years$31,551$22,619$15,905$11,004$7,514$1,972
31 years$30,203$21,382$14,828$10,106$6,793$1,687
32 years$28,941$20,232$13,835$9,288$6,145$1,444
33 years$27,758$19,160$12,918$8,541$5,561$1,236
34 years$26,647$18,159$12,070$7,859$5,035$1,058
35 years$25,602$17,224$11,284$7,234$4,560$906
36 years$24,618$16,348$10,556$6,663$4,132$776
37 years$23,688$15,527$9,880$6,139$3,745$665
38 years$22,810$14,756$9,252$5,658$3,395$569
39 years$21,979$14,031$8,669$5,217$3,079$488
40 years$21,191$13,350$8,125$4,812$2,793$418
41 years$20,444$12,708$7,619$4,440$2,534$358
42 years$19,734$12,102$7,147$4,097$2,299$306
43 years$19,059$11,531$6,706$3,782$2,086$263
44 years$18,416$10,992$6,295$3,492$1,894$225
45 years$17,804$10,482$5,911$3,225$1,719$193
46 years$17,220$9,999$5,551$2,979$1,561$165
47 years$16,663$9,542$5,216$2,752$1,417$141
48 years$16,130$9,109$4,901$2,543$1,287$121
49 years$15,621$8,699$4,607$2,351$1,169$104
50 years$15,133$8,309$4,331$2,173$1,062$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,500,000, adding $2,976 every year, while hoping to spend $43,778 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: 69/6/25 Blend
61$15,500,000$15,500,000$15,500,000$15,500,000
62$17,084,070$16,262,570$16,022,320$18,153,467
63$18,780,065$17,012,856$16,512,488$19,620,995
64$20,647,585$17,798,439$17,017,610$21,221,095
65$22,704,079$18,621,003$17,538,139$22,971,199
66$24,968,774$19,482,311$18,074,546$24,886,160
67$27,462,857$20,384,212$18,627,311$26,982,329
68$30,209,676$21,328,646$19,196,934$29,277,709
69$33,234,956$22,317,644$19,783,925$31,792,124
70$36,567,049$23,353,335$20,388,813$34,547,399
71$40,237,191$24,437,952$21,012,142$37,567,569
72$44,279,808$25,573,834$21,654,472$40,879,102
73$48,732,832$26,763,436$22,316,380$44,511,145
74$53,638,063$28,009,327$22,998,461$48,495,797
75$59,041,565$29,314,203$23,701,329$52,868,413
76$64,994,094$30,680,889$24,425,613$57,667,927
77$71,551,586$32,112,347$25,171,966$62,937,227
78$78,775,677$33,611,681$25,941,056$68,723,548
79$86,734,289$35,182,146$26,733,574$75,078,920
80$95,502,269$36,827,154$27,550,231$82,060,655
81$105,162,098$38,550,282$28,391,761$89,731,882
82$115,804,665$40,355,278$29,258,918$98,162,145
83$127,530,128$42,246,075$30,152,480$107,428,050
84$140,448,861$44,226,792$31,073,247$117,613,988
85$154,682,490$46,301,750$32,022,046$128,812,929
86$170,365,046$48,475,478$32,999,727$141,127,291
87$187,644,229$50,752,724$34,007,166$154,669,907
88$206,682,800$53,138,467$35,045,266$169,565,086
89$227,660,119$55,637,926$36,114,956$185,949,777
90$250,773,839$58,256,572$37,217,194$203,974,864
91$276,241,768$61,000,141$38,352,967$223,806,580
92$304,303,929$63,874,649$39,523,293$245,628,077
93$335,224,824$66,886,401$40,729,217$269,641,142
94$369,295,929$70,042,008$41,971,820$296,068,104
95$406,838,451$73,348,403$43,252,212$325,153,926
96$448,206,350$76,812,853$44,571,539$357,168,507
97$493,789,693$80,442,977$45,930,980$392,409,228
98$544,018,325$84,246,766$47,331,751$431,203,754
99$599,365,933$88,232,596$48,775,104$473,913,117
100$660,354,515$92,409,251$50,262,327$520,935,122