Can I retire at age 62 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,297,679
2 years$674,532$661,969$649,794$637,990$626,540$608,382
3 years$445,221$432,604$420,460$408,766$397,502$379,806
4 years$330,588$318,010$305,987$294,493$283,502$266,403
5 years$261,826$249,324$237,459$226,199$215,514$199,062
6 years$216,000$203,592$191,902$180,893$170,529$154,744
7 years$183,280$170,976$159,471$148,722$138,686$123,573
8 years$158,751$146,558$135,244$124,759$115,053$100,611
9 years$139,683$127,605$116,486$106,267$96,891$83,113
10 years$124,437$112,478$101,555$91,603$82,556$69,432
11 years$111,972$100,132$89,407$79,722$71,001$58,518
12 years$101,592$89,873$79,347$69,927$61,528$49,672
13 years$92,815$81,219$70,891$61,735$53,654$42,408
14 years$85,299$73,826$63,696$54,802$47,032$36,381
15 years$78,790$67,441$57,509$48,873$41,411$31,335
16 years$73,101$61,876$52,140$43,761$36,599$27,079
17 years$68,087$56,986$47,446$39,319$32,451$23,468
18 years$63,634$52,657$43,312$35,434$28,854$20,388
19 years$59,655$48,802$39,650$32,018$25,718$17,748
20 years$56,078$45,349$36,389$28,998$22,972$15,478
21 years$52,846$42,241$33,470$26,318$20,558$13,519
22 years$49,912$39,431$30,848$23,929$18,427$11,823
23 years$47,237$36,879$28,483$21,793$16,541$10,352
24 years$44,789$34,553$26,342$19,876$14,867$9,073
25 years$42,540$32,426$24,398$18,152$13,378$7,959
26 years$40,467$30,475$22,628$16,597$12,051$6,987
27 years$38,551$28,681$21,012$15,192$10,865$6,137
28 years$36,775$27,026$19,533$13,919$9,804$5,394
29 years$35,124$25,496$18,177$12,764$8,852$4,744
30 years$33,587$24,078$16,932$11,714$7,999$4,173
31 years$32,151$22,762$15,785$10,759$7,232$3,673
32 years$30,808$21,537$14,727$9,887$6,541$3,234
33 years$29,549$20,396$13,751$9,092$5,920$2,848
34 years$28,367$19,331$12,848$8,366$5,360$2,509
35 years$27,254$18,335$12,012$7,701$4,855$2,211
36 years$26,206$17,403$11,237$7,092$4,399$1,948
37 years$25,216$16,529$10,518$6,535$3,987$1,717
38 years$24,281$15,708$9,849$6,023$3,614$1,514
39 years$23,397$14,937$9,228$5,554$3,277$1,335
40 years$22,558$14,211$8,649$5,123$2,973$1,177
41 years$21,763$13,528$8,110$4,726$2,697$1,038
42 years$21,007$12,883$7,608$4,362$2,447$916
43 years$20,288$12,275$7,139$4,026$2,221$808
44 years$19,604$11,701$6,701$3,718$2,016$712
45 years$18,953$11,158$6,292$3,433$1,830$628
46 years$18,331$10,644$5,910$3,171$1,662$554
47 years$17,738$10,158$5,552$2,930$1,509$489
48 years$17,171$9,697$5,217$2,707$1,370$432
49 years$16,629$9,260$4,904$2,502$1,245$381
50 years$16,110$8,846$4,610$2,313$1,130$336

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,500,000, adding $5,597 every year, while hoping to spend $44,991 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: 26/44/30 Blend
61$16,500,000$16,500,000$16,500,000$16,500,000
62$18,188,773$17,314,273$17,058,523$18,491,683
63$19,996,158$18,114,803$17,582,114$19,544,485
64$21,986,388$18,953,050$18,121,737$20,669,024
65$24,178,066$19,830,816$18,677,881$21,874,649
66$26,591,691$20,749,988$19,251,053$23,168,259
67$29,249,851$21,712,545$19,841,770$24,557,401
68$32,177,436$22,720,560$20,450,570$26,050,329
69$35,401,874$23,776,207$21,078,003$27,656,078
70$38,953,388$24,881,764$21,724,639$29,384,533
71$42,865,283$26,039,620$22,391,064$31,246,524
72$47,174,259$27,252,278$23,077,882$33,253,906
73$51,920,757$28,522,363$23,785,714$35,419,673
74$57,149,342$29,852,626$24,515,203$37,758,060
75$62,909,121$31,245,951$25,267,009$40,284,676
76$69,254,210$32,705,362$26,041,812$43,016,631
77$76,244,242$34,234,026$26,840,315$45,972,693
78$83,944,928$35,835,268$27,663,239$49,173,445
79$92,428,684$37,512,569$28,511,331$52,641,477
80$101,775,306$39,269,581$29,385,357$56,401,573
81$112,072,729$41,110,132$30,286,108$60,480,941
82$123,417,853$43,038,234$31,214,399$64,909,451
83$135,917,462$45,058,096$32,171,069$69,719,900
84$149,689,227$47,174,127$33,156,984$74,948,307
85$164,862,820$49,390,951$34,173,035$80,634,237
86$181,581,137$51,713,416$35,220,140$86,821,155
87$200,001,644$54,146,605$36,299,246$93,556,817
88$220,297,869$56,695,845$37,411,328$100,893,704
89$242,661,034$59,366,725$38,557,390$108,889,496
90$267,301,865$62,165,100$39,738,468$117,607,595
91$294,452,577$65,097,111$40,955,629$127,117,699
92$324,369,068$68,169,198$42,209,970$137,496,442
93$357,333,335$71,388,111$43,502,626$148,828,088
94$393,656,133$74,760,926$44,834,762$161,205,304
95$433,679,913$78,295,066$46,207,581$174,730,007
96$477,782,051$81,998,311$47,622,322$189,514,298
97$526,378,410$85,878,818$49,080,260$205,681,491
98$579,927,270$89,945,142$50,582,710$223,367,249
99$638,933,648$94,206,251$52,131,028$242,720,830
100$703,954,072$98,671,548$53,726,609$263,906,462