Can I retire at age 62 with 16,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,279,385
2 years$662,268$649,934$637,980$626,390$615,148$602,631
3 years$437,126$424,739$412,815$401,334$390,275$378,054
4 years$324,577$312,228$300,424$289,139$278,348$266,518
5 years$257,066$244,791$233,141$222,086$211,595$200,191
6 years$212,073$199,890$188,413$177,604$167,428$156,463
7 years$179,948$167,867$156,572$146,018$136,164$125,644
8 years$155,865$143,893$132,785$122,491$112,961$102,885
9 years$137,143$125,285$114,368$104,335$95,130$85,494
10 years$122,175$110,433$99,709$89,938$81,055$71,854
11 years$109,936$98,312$87,782$78,273$69,710$60,937
12 years$99,744$88,239$77,904$68,656$60,409$52,055
13 years$91,127$79,742$69,602$60,613$52,678$44,732
14 years$83,748$72,484$62,538$53,805$46,177$38,630
15 years$77,358$66,215$56,463$47,985$40,658$33,498
16 years$71,772$60,751$51,192$42,965$35,934$29,150
17 years$66,849$55,950$46,583$38,604$31,861$25,441
18 years$62,477$51,700$42,524$34,790$28,330$22,260
19 years$58,570$47,915$38,929$31,436$25,251$19,520
20 years$55,059$44,525$35,727$28,471$22,555$17,149
21 years$51,886$41,473$32,862$25,839$20,184$15,090
22 years$49,005$38,714$30,287$23,494$18,092$13,298
23 years$46,378$36,208$27,965$21,396$16,240$11,733
24 years$43,974$33,925$25,863$19,515$14,597$10,363
25 years$41,766$31,837$23,954$17,822$13,135$9,162
26 years$39,731$29,921$22,216$16,295$11,832$8,107
27 years$37,850$28,159$20,630$14,916$10,667$7,178
28 years$36,106$26,534$19,178$13,666$9,625$6,360
29 years$34,486$25,032$17,847$12,532$8,691$5,639
30 years$32,976$23,640$16,624$11,501$7,853$5,002
31 years$31,567$22,348$15,498$10,563$7,100$4,438
32 years$30,248$21,146$14,460$9,708$6,423$3,940
33 years$29,012$20,025$13,501$8,927$5,812$3,499
34 years$27,851$18,979$12,615$8,214$5,262$3,108
35 years$26,759$18,002$11,794$7,561$4,766$2,762
36 years$25,729$17,086$11,033$6,964$4,319$2,454
37 years$24,758$16,228$10,327$6,416$3,914$2,182
38 years$23,840$15,422$9,670$5,914$3,549$1,940
39 years$22,971$14,665$9,060$5,453$3,218$1,725
40 years$22,148$13,953$8,492$5,029$2,919$1,534
41 years$21,367$13,282$7,963$4,640$2,648$1,365
42 years$20,625$12,649$7,469$4,282$2,403$1,214
43 years$19,919$12,052$7,009$3,953$2,181$1,080
44 years$19,248$11,488$6,579$3,650$1,979$961
45 years$18,608$10,955$6,178$3,371$1,797$855
46 years$17,998$10,451$5,802$3,114$1,631$761
47 years$17,415$9,973$5,451$2,877$1,481$678
48 years$16,858$9,521$5,122$2,658$1,345$603
49 years$16,326$9,092$4,815$2,457$1,222$537
50 years$15,817$8,685$4,527$2,271$1,110$478

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,200,000, adding $2,454 every year, while hoping to spend $46,089 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: 30/46/24 Blend
61$16,200,000$16,200,000$16,200,000$16,200,000
62$17,854,931$16,996,331$16,745,231$18,257,582
63$19,627,096$17,780,113$17,257,158$19,351,799
64$21,578,477$18,600,756$17,784,690$20,523,862
65$23,727,305$19,460,016$18,328,301$21,783,827
66$26,093,670$20,359,737$18,888,479$23,139,346
67$28,699,709$21,301,849$19,465,728$24,598,793
68$31,569,815$22,288,376$20,060,565$26,171,340
69$34,730,869$23,321,438$20,673,526$27,867,027
70$38,212,489$24,403,260$21,305,161$29,696,858
71$42,047,315$25,536,172$21,956,036$31,672,887
72$46,271,314$26,722,617$22,626,736$33,808,330
73$50,924,118$27,965,156$23,317,862$36,117,673
74$56,049,402$29,266,473$24,030,035$38,616,806
75$61,695,293$30,629,381$24,763,892$41,323,154
76$67,914,823$32,056,831$25,520,093$44,255,837
77$74,766,433$33,551,914$26,299,314$47,435,837
78$82,314,523$35,117,872$27,102,255$50,886,180
79$90,630,059$36,758,101$27,929,635$54,632,146
80$99,791,241$38,476,165$28,782,194$58,701,492
81$109,884,248$40,275,797$29,660,698$63,124,698
82$121,004,041$42,160,912$30,565,931$67,935,244
83$133,255,269$44,135,612$31,498,706$73,169,908
84$146,753,250$46,204,200$32,459,856$78,869,096
85$161,625,062$48,371,186$33,450,241$85,077,211
86$178,010,743$50,641,299$34,470,749$91,843,051
87$196,064,610$53,019,495$35,522,291$99,220,252
88$215,956,721$55,510,970$36,605,808$107,267,775
89$237,874,473$58,121,174$37,722,269$116,050,443
90$262,024,376$60,855,818$38,872,671$125,639,534
91$288,634,000$63,720,891$40,058,044$136,113,426
92$317,954,124$66,722,671$41,279,445$147,558,320
93$350,261,104$69,867,742$42,537,966$160,069,025
94$385,859,480$73,163,004$43,834,730$173,749,833
95$425,084,849$76,615,693$45,170,896$188,715,471
96$468,307,039$80,233,398$46,547,657$205,092,161
97$515,933,594$84,024,071$47,966,240$223,018,779
98$568,413,623$87,996,053$49,427,911$242,648,141
99$626,242,041$92,158,088$50,933,975$264,148,409
100$689,964,241$96,519,346$52,485,774$287,704,646