Can I retire at age 62 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,217,357
2 years$637,739$625,862$614,351$603,190$592,365$565,686
3 years$420,936$409,008$397,526$386,470$375,821$349,905
4 years$312,556$300,664$289,297$278,430$268,038$243,086
5 years$247,545$235,724$224,506$213,861$203,758$179,839
6 years$204,218$192,487$181,434$171,026$161,227$138,367
7 years$173,283$161,650$150,773$140,610$131,121$109,324
8 years$150,092$138,564$127,867$117,954$108,777$88,036
9 years$132,064$120,645$110,132$100,471$91,606$71,906
10 years$117,650$106,342$96,016$86,607$78,053$59,374
11 years$105,864$94,670$84,531$75,374$67,128$49,447
12 years$96,050$84,971$75,019$66,113$58,172$41,461
13 years$87,752$76,789$67,024$58,368$50,727$34,957
14 years$80,646$69,799$60,222$51,813$44,467$29,606
15 years$74,493$63,763$54,372$46,208$39,152$25,169
16 years$69,114$58,501$49,296$41,374$34,603$21,463
17 years$64,373$53,877$44,858$37,174$30,681$18,350
18 years$60,163$49,785$40,949$33,501$27,280$15,723
19 years$56,401$46,140$37,487$30,271$24,316$13,497
20 years$53,019$42,876$34,404$27,417$21,719$11,605
21 years$49,964$39,937$31,645$24,882$19,436$9,991
22 years$47,190$37,280$29,166$22,624$17,422$8,611
23 years$44,661$34,867$26,929$20,604$15,639$7,429
24 years$42,346$32,668$24,905$18,792$14,057$6,415
25 years$40,219$30,657$23,067$17,162$12,649$5,543
26 years$38,260$28,813$21,394$15,692$11,394$4,793
27 years$36,448$27,116$19,866$14,363$10,272$4,146
28 years$34,769$25,552$18,468$13,160$9,269$3,589
29 years$33,209$24,105$17,186$12,068$8,369$3,107
30 years$31,755$22,765$16,008$11,075$7,562$2,691
31 years$30,398$21,520$14,924$10,172$6,837$2,332
32 years$29,128$20,362$13,924$9,348$6,185$2,021
33 years$27,937$19,284$13,001$8,596$5,597$1,752
34 years$26,819$18,277$12,147$7,909$5,068$1,519
35 years$25,768$17,335$11,357$7,281$4,590$1,317
36 years$24,776$16,453$10,624$6,706$4,159$1,142
37 years$23,841$15,627$9,944$6,178$3,769$990
38 years$22,957$14,851$9,312$5,695$3,417$859
39 years$22,120$14,122$8,725$5,251$3,099$745
40 years$21,328$13,436$8,177$4,843$2,811$647
41 years$20,576$12,790$7,668$4,468$2,550$561
42 years$19,861$12,181$7,193$4,124$2,314$487
43 years$19,182$11,606$6,749$3,807$2,100$422
44 years$18,535$11,063$6,335$3,515$1,906$367
45 years$17,919$10,549$5,949$3,246$1,730$318
46 years$17,331$10,063$5,587$2,998$1,571$276
47 years$16,770$9,604$5,249$2,770$1,427$240
48 years$16,234$9,168$4,933$2,560$1,296$208
49 years$15,722$8,755$4,636$2,366$1,177$181
50 years$15,231$8,363$4,359$2,187$1,069$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,600,000, adding $5,392 every year, while hoping to spend $41,374 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: 81/10/9 Blend
61$15,600,000$15,600,000$15,600,000$15,600,000
62$17,196,762$16,369,962$16,128,162$18,567,040
63$18,906,810$17,128,068$16,624,434$20,223,638
64$20,789,896$17,921,935$17,135,944$22,035,499
65$22,863,627$18,753,272$17,663,159$24,022,928
66$25,147,403$19,623,868$18,206,561$26,203,476
67$27,662,602$20,535,601$18,766,645$28,596,468
68$30,432,782$21,490,440$19,343,922$31,223,186
69$33,483,900$22,490,447$19,938,918$34,107,066
70$36,844,563$23,537,783$20,552,176$37,273,920
71$40,546,290$24,634,716$21,184,256$40,752,172
72$44,623,816$25,783,622$21,835,733$44,573,132
73$49,115,417$26,986,991$22,507,202$48,771,281
74$54,063,270$28,247,434$23,199,273$53,384,598
75$59,513,853$29,567,688$23,912,579$58,454,917
76$65,518,384$30,950,623$24,647,769$64,028,317
77$72,133,302$32,399,246$25,405,512$70,155,555
78$79,420,801$33,916,711$26,186,498$76,892,542
79$87,449,417$35,506,324$26,991,440$84,300,867
80$96,294,674$37,171,551$27,821,070$92,448,377
81$106,039,798$38,916,024$28,676,143$101,409,812
82$116,776,501$40,743,553$29,557,437$111,267,509
83$128,605,848$42,658,131$30,465,756$122,112,173
84$141,639,210$44,663,945$31,401,924$134,043,734
85$155,999,315$46,765,384$32,366,794$147,172,280
86$171,821,408$48,967,050$33,361,244$161,619,098
87$189,254,524$51,273,768$34,386,178$177,517,812
88$208,462,899$53,690,596$35,442,529$195,015,637
89$229,627,517$56,222,838$36,531,256$214,274,771
90$252,947,820$58,876,053$37,653,350$235,473,916
91$278,643,591$61,656,073$38,809,830$258,809,958
92$306,957,026$64,569,009$40,001,748$284,499,829
93$338,155,022$67,621,270$41,230,186$312,782,539
94$372,531,698$70,819,576$42,496,261$343,921,432
95$410,411,168$74,170,972$43,801,122$378,206,666
96$452,150,604$77,682,846$45,145,956$415,957,944
97$498,143,602$81,362,942$46,531,983$457,527,527
98$548,823,906$85,219,383$47,960,461$503,303,551
99$604,669,495$89,260,683$49,432,687$553,713,684
100$666,207,099$93,495,772$50,949,997$609,229,157