Can I retire at age 62 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,239,552
2 years$645,915$633,886$622,227$610,924$599,959$579,501
3 years$426,333$414,251$402,622$391,425$380,639$360,721
4 years$316,563$304,519$293,006$281,999$271,475$252,251
5 years$250,719$238,746$227,385$216,603$206,371$187,896
6 years$206,836$194,954$183,761$173,219$163,294$145,590
7 years$175,504$163,722$152,706$142,413$132,802$115,874
8 years$152,016$140,340$129,507$119,467$110,172$94,017
9 years$133,757$122,191$111,544$101,759$92,781$77,390
10 years$119,158$107,706$97,247$87,717$79,054$64,414
11 years$107,222$95,884$85,614$76,340$67,989$54,086
12 years$97,282$86,060$75,981$66,961$58,918$45,733
13 years$88,877$77,773$67,884$59,116$51,377$38,892
14 years$81,680$70,694$60,994$52,477$45,037$33,231
15 years$75,448$64,580$55,069$46,800$39,654$28,504
16 years$70,000$59,251$49,928$41,904$35,047$24,531
17 years$65,198$54,568$45,433$37,651$31,075$21,169
18 years$60,935$50,423$41,474$33,931$27,630$18,311
19 years$57,124$46,732$37,968$30,659$24,627$15,871
20 years$53,699$43,425$34,845$27,768$21,998$13,779
21 years$50,604$40,449$32,051$25,201$19,685$11,981
22 years$47,795$37,758$29,540$22,914$17,645$10,430
23 years$45,233$35,314$27,275$20,868$15,839$9,090
24 years$42,889$33,087$25,224$19,033$14,237$7,930
25 years$40,735$31,051$23,363$17,382$12,811$6,923
26 years$38,750$29,182$21,668$15,893$11,540$6,048
27 years$36,915$27,464$20,120$14,547$10,404$5,288
28 years$35,215$25,879$18,705$13,328$9,388$4,625
29 years$33,634$24,414$17,406$12,222$8,477$4,047
30 years$32,162$23,057$16,213$11,217$7,659$3,543
31 years$30,787$21,796$15,115$10,302$6,925$3,103
32 years$29,501$20,624$14,103$9,468$6,264$2,718
33 years$28,295$19,531$13,168$8,707$5,669$2,382
34 years$27,163$18,511$12,303$8,011$5,133$2,088
35 years$26,098$17,557$11,503$7,374$4,649$1,830
36 years$25,094$16,664$10,760$6,792$4,212$1,605
37 years$24,147$15,827$10,072$6,258$3,817$1,407
38 years$23,251$15,042$9,432$5,768$3,461$1,234
39 years$22,404$14,303$8,836$5,318$3,138$1,083
40 years$21,601$13,608$8,282$4,905$2,847$950
41 years$20,839$12,954$7,766$4,526$2,583$833
42 years$20,116$12,337$7,285$4,177$2,343$731
43 years$19,428$11,754$6,836$3,856$2,127$642
44 years$18,773$11,204$6,417$3,560$1,930$563
45 years$18,149$10,684$6,025$3,288$1,753$494
46 years$17,553$10,192$5,659$3,037$1,591$434
47 years$16,985$9,727$5,316$2,806$1,445$381
48 years$16,442$9,285$4,996$2,593$1,312$334
49 years$15,923$8,867$4,696$2,396$1,192$293
50 years$15,426$8,470$4,415$2,215$1,082$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $15,800,000, adding $5,422 every year, while hoping to spend $29,976 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: 65/29/6 Blend
61$15,800,000$15,800,000$15,800,000$15,800,000
62$17,417,193$16,579,793$16,334,893$18,532,139
63$19,161,852$17,360,308$16,850,217$20,054,328
64$21,083,462$18,178,065$17,381,801$21,712,593
65$23,200,040$19,034,855$17,930,156$23,523,431
66$25,531,440$19,932,558$18,495,812$25,501,668
67$28,099,540$20,873,147$19,079,315$27,663,608
68$30,928,449$21,858,687$19,681,228$30,027,186
69$34,044,734$22,891,345$20,302,132$32,612,124
70$37,477,669$23,973,394$20,942,625$35,440,123
71$41,259,515$25,107,214$21,603,328$38,535,052
72$45,425,823$26,295,304$22,284,876$41,923,176
73$50,015,765$27,540,283$22,987,928$45,633,392
74$55,072,511$28,844,895$23,713,162$49,697,501
75$60,643,633$30,212,020$24,461,278$54,150,495
76$66,781,551$31,644,677$25,232,998$59,030,889
77$73,544,034$33,146,030$26,029,068$64,381,071
78$80,994,738$34,719,399$26,850,255$70,247,695
79$89,203,815$36,368,263$27,697,352$76,682,118
80$98,248,568$38,096,271$28,571,177$83,740,873
81$108,214,183$39,907,249$29,472,572$91,486,197
82$119,194,534$41,805,210$30,402,409$99,986,606
83$131,293,071$43,794,360$31,361,584$109,317,535
84$144,623,791$45,879,109$32,351,023$119,562,040
85$159,312,316$48,064,085$33,371,681$130,811,572
86$175,497,084$50,354,136$34,424,544$143,166,830
87$193,330,648$52,754,350$35,510,627$156,738,698
88$212,981,120$55,270,060$36,630,980$171,649,283
89$234,633,759$57,906,857$37,786,682$188,033,054
90$258,492,717$60,670,608$38,978,851$206,038,098
91$284,782,968$63,567,461$40,208,636$225,827,507
92$313,752,430$66,603,866$41,477,224$247,580,900
93$345,674,308$69,786,585$42,785,841$271,496,107
94$380,849,669$73,122,710$44,135,749$297,791,019
95$419,610,290$76,619,678$45,528,251$326,705,630
96$462,321,784$80,285,286$46,964,692$358,504,286
97$509,387,054$84,127,714$48,446,457$393,478,159
98$561,250,099$88,155,536$49,974,978$431,947,982
99$618,400,198$92,377,747$51,551,730$474,267,058
100$681,376,540$96,803,778$53,178,234$520,824,567