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%12.5%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,309,883
2 years$678,620$665,981$653,733$641,856$630,337$616,416
3 years$447,919$435,226$423,008$411,244$399,912$386,325
4 years$332,592$319,937$307,842$296,278$285,220$272,073
5 years$263,413$250,835$238,898$227,570$216,820$204,151
6 years$217,309$204,825$193,065$181,989$171,562$159,386
7 years$184,391$172,012$160,438$149,624$139,526$127,849
8 years$159,713$147,446$136,064$125,515$115,750$104,571
9 years$140,529$128,378$117,192$106,911$97,479$86,793
10 years$125,192$113,159$102,171$92,159$83,057$72,858
11 years$112,651$100,739$89,949$80,206$71,431$61,712
12 years$102,207$90,418$79,828$70,351$61,901$52,650
13 years$93,377$81,711$71,321$62,109$53,979$45,186
14 years$85,816$74,273$64,082$55,134$47,318$38,970
15 years$79,268$67,850$57,857$49,170$41,662$33,748
16 years$73,544$62,251$52,456$44,026$36,821$29,326
17 years$68,499$57,331$47,733$39,557$32,648$25,559
18 years$64,020$52,976$43,574$35,649$29,029$22,332
19 years$60,017$49,098$39,890$32,212$25,874$19,554
20 years$56,418$45,624$36,609$29,174$23,111$17,154
21 years$53,167$42,497$33,673$26,477$20,682$15,072
22 years$50,215$39,670$31,035$24,074$18,539$13,262
23 years$47,523$37,102$28,656$21,925$16,641$11,683
24 years$45,060$34,762$26,501$19,996$14,958$10,304
25 years$42,797$32,623$24,546$18,262$13,460$9,095
26 years$40,712$30,660$22,765$16,698$12,124$8,035
27 years$38,785$28,855$21,139$15,284$10,931$7,103
28 years$36,998$27,190$19,652$14,003$9,863$6,284
29 years$35,337$25,650$18,288$12,841$8,906$5,562
30 years$33,790$24,224$17,034$11,785$8,047$4,925
31 years$32,346$22,900$15,880$10,824$7,275$4,364
32 years$30,995$21,668$14,817$9,947$6,581$3,867
33 years$29,728$20,520$13,834$9,147$5,956$3,429
34 years$28,538$19,448$12,926$8,416$5,392$3,041
35 years$27,419$18,446$12,085$7,748$4,884$2,697
36 years$26,365$17,508$11,305$7,135$4,425$2,393
37 years$25,369$16,629$10,582$6,574$4,011$2,124
38 years$24,429$15,803$9,909$6,060$3,636$1,885
39 years$23,538$15,027$9,284$5,587$3,297$1,673
40 years$22,695$14,297$8,702$5,154$2,991$1,486
41 years$21,894$13,610$8,159$4,755$2,713$1,319
42 years$21,134$12,961$7,654$4,388$2,462$1,172
43 years$20,411$12,350$7,182$4,051$2,234$1,041
44 years$19,723$11,772$6,742$3,740$2,028$924
45 years$19,067$11,225$6,330$3,454$1,841$821
46 years$18,442$10,709$5,945$3,191$1,672$730
47 years$17,845$10,219$5,586$2,948$1,518$648
48 years$17,275$9,756$5,249$2,724$1,379$576
49 years$16,729$9,316$4,934$2,517$1,252$512
50 years$16,207$8,899$4,638$2,327$1,137$455

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 $4,370 every year, while hoping to spend $39,106 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: 61/27/12 Blend
61$16,600,000$16,600,000$16,600,000$16,600,000
62$18,297,708$17,417,908$17,160,608$19,361,259
63$20,122,465$18,229,777$17,693,880$20,887,645
64$22,132,038$19,080,117$18,243,705$22,547,655
65$24,345,234$19,970,771$18,810,598$24,358,084
66$26,782,783$20,903,673$19,395,088$26,333,477
67$29,467,522$21,880,849$19,997,719$28,489,831
68$32,424,622$22,904,423$20,619,055$30,844,735
69$35,681,815$23,976,621$21,259,675$33,417,536
70$39,269,663$25,099,779$21,920,177$36,229,512
71$43,221,843$26,276,342$22,601,177$39,304,071
72$47,575,465$27,508,878$23,303,311$42,666,967
73$52,371,425$28,800,074$24,027,234$46,346,531
74$57,654,785$30,152,753$24,773,621$50,373,939
75$63,475,204$31,569,869$25,543,169$54,783,497
76$69,887,405$33,054,522$26,336,594$59,612,956
77$76,951,688$34,609,962$27,154,638$64,903,866
78$84,734,505$36,239,595$27,998,063$70,701,954
79$93,309,082$37,946,992$28,867,656$77,057,556
80$102,756,113$39,735,900$29,764,228$84,026,075
81$113,164,521$41,610,243$30,688,614$91,668,504
82$124,632,296$43,574,139$31,641,676$100,051,987
83$137,267,421$45,631,903$32,624,303$109,250,444
84$151,188,892$47,788,060$33,637,411$119,345,263
85$166,527,839$50,047,355$34,681,945$130,426,053
86$183,428,766$52,414,763$35,758,877$142,591,482
87$202,050,912$54,895,498$36,869,211$155,950,197
88$222,569,759$57,495,031$38,013,983$170,621,835
89$245,178,681$60,219,095$39,194,259$186,738,145
90$270,090,779$63,073,702$40,411,138$204,444,217
91$297,540,882$66,065,157$41,665,755$223,899,833
92$327,787,772$69,200,070$42,959,278$245,280,970
93$361,116,623$72,485,372$44,292,912$268,781,440
94$397,841,694$75,928,330$45,667,900$294,614,706
95$438,309,294$79,536,566$47,085,522$323,015,882
96$482,901,053$83,318,069$48,547,098$354,243,935
97$532,037,524$87,281,218$50,053,990$388,584,111
98$586,182,153$91,434,799$51,607,600$426,350,610
99$645,845,654$95,788,025$53,209,376$467,889,534
100$711,590,828$100,350,556$54,860,808$513,582,129