Can I retire at age 62 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,225,241
2 years$654,092$641,910$630,104$618,657$607,554$557,181
3 years$431,730$419,495$407,719$396,379$385,457$336,919
4 years$320,570$308,373$296,715$285,569$274,911$228,578
5 years$253,892$241,768$230,263$219,344$208,983$164,972
6 years$209,455$197,422$186,087$175,411$165,361$123,700
7 years$177,726$165,795$154,639$144,215$134,483$95,157
8 years$153,940$142,117$131,146$120,979$111,567$74,535
9 years$135,450$123,738$112,956$103,047$93,955$59,163
10 years$120,667$109,069$98,478$88,828$80,054$47,433
11 years$108,579$97,098$86,698$77,307$68,850$38,323
12 years$98,513$87,150$76,942$67,808$59,664$31,150
13 years$90,002$78,758$68,743$59,865$52,028$25,441
14 years$82,714$71,589$61,766$53,141$45,607$20,857
15 years$76,403$65,398$55,766$47,392$40,156$17,152
16 years$70,886$60,001$50,560$42,435$35,490$14,140
17 years$66,023$55,259$46,008$38,127$31,468$11,681
18 years$61,706$51,062$41,999$34,360$27,980$9,665
19 years$57,847$47,323$38,448$31,048$24,939$8,008
20 years$54,379$43,975$35,286$28,120$22,276$6,643
21 years$51,245$40,961$32,456$25,520$19,935$5,516
22 years$48,400$38,236$29,913$23,204$17,869$4,583
23 years$45,806$35,761$27,620$21,132$16,040$3,810
24 years$43,431$33,506$25,544$19,274$14,417$3,170
25 years$41,250$31,444$23,659$17,602$12,973$2,638
26 years$39,241$29,552$21,942$16,094$11,686$2,196
27 years$37,383$27,812$20,375$14,731$10,536$1,829
28 years$35,661$26,207$18,941$13,497$9,506$1,524
29 years$34,060$24,723$17,627$12,377$8,584$1,269
30 years$32,569$23,348$16,418$11,359$7,756$1,058
31 years$31,177$22,072$15,306$10,433$7,012$882
32 years$29,875$20,885$14,281$9,588$6,343$735
33 years$28,654$19,778$13,334$8,817$5,741$613
34 years$27,507$18,745$12,459$8,112$5,197$511
35 years$26,428$17,779$11,648$7,468$4,708$426
36 years$25,412$16,875$10,897$6,878$4,265$355
37 years$24,452$16,028$10,199$6,337$3,866$296
38 years$23,546$15,232$9,551$5,841$3,505$247
39 years$22,688$14,484$8,948$5,385$3,178$206
40 years$21,875$13,780$8,387$4,967$2,883$172
41 years$21,103$13,118$7,864$4,583$2,615$143
42 years$20,370$12,493$7,377$4,230$2,373$119
43 years$19,674$11,903$6,922$3,904$2,154$100
44 years$19,010$11,346$6,498$3,605$1,955$83
45 years$18,378$10,820$6,101$3,329$1,775$69
46 years$17,776$10,322$5,731$3,075$1,611$58
47 years$17,200$9,850$5,384$2,841$1,463$48
48 years$16,650$9,403$5,059$2,625$1,329$40
49 years$16,125$8,979$4,755$2,426$1,207$33
50 years$15,622$8,577$4,471$2,243$1,096$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,000,000, adding $5,506 every year, while hoping to spend $26,536 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: 63/27/10 Blend
61$16,000,000$16,000,000$16,000,000$16,000,000
62$17,637,679$16,789,679$16,541,679$18,709,600
63$19,408,489$17,584,140$17,067,592$20,221,111
64$21,359,031$18,416,639$17,610,232$21,867,237
65$23,507,611$19,289,013$18,170,134$23,663,933
66$25,874,401$20,203,188$18,747,847$25,625,805
67$28,481,626$21,161,181$19,343,936$27,768,915
68$31,353,782$22,165,109$19,958,988$30,110,927
69$34,517,859$23,217,190$20,593,606$32,671,272
70$38,003,601$24,319,753$21,248,411$35,471,323
71$41,843,783$25,475,236$21,924,048$38,534,591
72$46,074,524$26,686,198$22,621,179$41,886,947
73$50,735,625$27,955,321$23,340,488$45,556,852
74$55,870,946$29,285,418$24,082,681$49,575,627
75$61,528,818$30,679,439$24,848,487$53,977,737
76$67,762,503$32,140,477$25,638,657$58,801,114
77$74,630,692$33,671,775$26,453,966$64,087,502
78$82,198,064$35,276,734$27,295,215$69,882,852
79$90,535,892$36,958,919$28,163,230$76,237,742
80$99,722,718$38,722,070$29,058,863$83,207,846
81$109,845,093$40,570,109$29,982,992$90,854,457
82$120,998,395$42,507,148$30,936,526$99,245,050
83$133,287,732$44,537,498$31,920,400$108,453,914
84$146,828,927$46,665,682$32,935,579$118,562,842
85$161,749,618$48,896,441$33,983,062$129,661,894
86$178,190,460$51,234,748$35,063,875$141,850,236
87$196,306,452$53,685,816$36,179,081$155,237,064
88$216,268,404$56,255,115$37,329,774$169,942,627
89$238,264,544$58,948,378$38,517,084$186,099,344
90$262,502,298$61,771,619$39,742,177$203,853,049
91$289,210,249$64,731,145$41,006,256$223,364,345
92$318,640,291$67,833,567$42,310,562$244,810,116
93$351,070,010$71,085,822$43,656,376$268,385,177
94$386,805,307$74,495,183$45,045,020$294,304,095
95$426,183,277$78,069,276$46,477,857$322,803,207
96$469,575,401$81,816,100$47,956,295$354,142,826
97$517,391,047$85,744,043$49,481,785$388,609,688
98$570,081,335$89,861,903$51,055,827$426,519,632
99$628,143,400$94,178,905$52,679,966$468,220,573
100$692,125,079$98,704,723$54,355,797$514,095,758