Can I retire at age 62 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,271,188
2 years$678,620$665,981$653,733$641,856$630,337$578,075
3 years$447,919$435,226$423,008$411,244$399,912$349,554
4 years$332,592$319,937$307,842$296,278$285,220$237,149
5 years$263,413$250,835$238,898$227,570$216,820$171,158
6 years$217,309$204,825$193,065$181,989$171,562$128,339
7 years$184,391$172,012$160,438$149,624$139,526$98,725
8 years$159,713$147,446$136,064$125,515$115,750$77,331
9 years$140,529$128,378$117,192$106,911$97,479$61,382
10 years$125,192$113,159$102,171$92,159$83,057$49,212
11 years$112,651$100,739$89,949$80,206$71,431$39,760
12 years$102,207$90,418$79,828$70,351$61,901$32,318
13 years$93,377$81,711$71,321$62,109$53,979$26,395
14 years$85,816$74,273$64,082$55,134$47,318$21,639
15 years$79,268$67,850$57,857$49,170$41,662$17,795
16 years$73,544$62,251$52,456$44,026$36,821$14,670
17 years$68,499$57,331$47,733$39,557$32,648$12,119
18 years$64,020$52,976$43,574$35,649$29,029$10,028
19 years$60,017$49,098$39,890$32,212$25,874$8,309
20 years$56,418$45,624$36,609$29,174$23,111$6,892
21 years$53,167$42,497$33,673$26,477$20,682$5,722
22 years$50,215$39,670$31,035$24,074$18,539$4,755
23 years$47,523$37,102$28,656$21,925$16,641$3,953
24 years$45,060$34,762$26,501$19,996$14,958$3,289
25 years$42,797$32,623$24,546$18,262$13,460$2,737
26 years$40,712$30,660$22,765$16,698$12,124$2,279
27 years$38,785$28,855$21,139$15,284$10,931$1,898
28 years$36,998$27,190$19,652$14,003$9,863$1,581
29 years$35,337$25,650$18,288$12,841$8,906$1,317
30 years$33,790$24,224$17,034$11,785$8,047$1,097
31 years$32,346$22,900$15,880$10,824$7,275$915
32 years$30,995$21,668$14,817$9,947$6,581$762
33 years$29,728$20,520$13,834$9,147$5,956$636
34 years$28,538$19,448$12,926$8,416$5,392$530
35 years$27,419$18,446$12,085$7,748$4,884$442
36 years$26,365$17,508$11,305$7,135$4,425$368
37 years$25,369$16,629$10,582$6,574$4,011$307
38 years$24,429$15,803$9,909$6,060$3,636$256
39 years$23,538$15,027$9,284$5,587$3,297$214
40 years$22,695$14,297$8,702$5,154$2,991$178
41 years$21,894$13,610$8,159$4,755$2,713$149
42 years$21,134$12,961$7,654$4,388$2,462$124
43 years$20,411$12,350$7,182$4,051$2,234$103
44 years$19,723$11,772$6,742$3,740$2,028$86
45 years$19,067$11,225$6,330$3,454$1,841$72
46 years$18,442$10,709$5,945$3,191$1,672$60
47 years$17,845$10,219$5,586$2,948$1,518$50
48 years$17,275$9,756$5,249$2,724$1,379$42
49 years$16,729$9,316$4,934$2,517$1,252$35
50 years$16,207$8,899$4,638$2,327$1,137$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,600,000, adding $5,538 every year, while hoping to spend $29,512 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: 49/33/18 Blend
61$16,600,000$16,600,000$16,600,000$16,600,000
62$18,298,912$17,419,112$17,161,812$19,103,221
63$20,134,001$18,241,248$17,705,333$20,482,520
64$22,155,279$19,102,680$18,266,072$21,976,558
65$24,381,708$20,005,301$18,844,575$23,598,938
66$26,834,180$20,951,099$19,441,406$25,361,735
67$29,535,718$21,942,155$20,057,145$27,278,209
68$32,511,694$22,980,653$20,692,392$29,362,929
69$35,790,064$24,068,882$21,347,764$31,631,898
70$39,401,636$25,209,243$22,023,900$34,102,701
71$43,380,360$26,404,253$22,721,458$36,794,665
72$47,763,646$27,656,550$23,441,116$39,729,029
73$52,592,720$28,968,903$24,183,575$42,929,143
74$57,913,010$30,344,212$24,949,558$46,420,677
75$63,774,579$31,785,520$25,739,810$50,231,856
76$70,232,593$33,296,017$26,555,100$54,393,715
77$77,347,843$34,879,049$27,396,222$58,940,387
78$85,187,323$36,538,121$28,263,995$63,909,412
79$93,824,854$38,276,914$29,159,263$69,342,084
80$103,341,789$40,099,282$30,082,898$75,283,829
81$113,827,775$42,009,271$31,035,799$81,784,622
82$125,381,603$44,011,120$32,018,893$88,899,448
83$138,112,139$46,109,278$33,033,139$96,688,811
84$152,139,350$48,308,405$34,079,522$105,219,288
85$167,595,440$50,613,393$35,159,062$114,564,148
86$184,626,094$53,029,368$36,272,809$124,804,031
87$203,391,856$55,561,708$37,421,849$136,027,688
88$224,069,644$58,216,050$38,607,299$148,332,813
89$246,854,418$60,998,307$39,830,314$161,826,942
90$271,961,024$63,914,679$41,092,085$176,628,455
91$299,626,218$66,971,668$42,393,840$192,867,675
92$330,110,905$70,176,093$43,736,846$210,688,081
93$363,702,599$73,535,103$45,122,412$230,247,645
94$400,718,138$77,056,196$46,551,886$251,720,299
95$441,506,674$80,747,236$48,026,661$275,297,559
96$486,452,973$84,616,469$49,548,172$301,190,313
97$535,981,042$88,672,541$51,117,901$329,630,786
98$590,558,134$92,924,522$52,737,377$360,874,708
99$650,699,161$97,381,921$54,408,177$395,203,708
100$716,971,553$102,054,712$56,131,928$432,927,942