Can I retire at age 62 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,303,879
2 years$694,972$682,029$669,485$657,323$645,526$594,022
3 years$458,713$445,714$433,201$421,153$409,548$359,887
4 years$340,606$327,647$315,260$303,417$292,093$244,652
5 years$269,760$256,879$244,654$233,053$222,044$176,947
6 years$222,546$209,761$197,717$186,375$175,696$132,972
7 years$188,834$176,157$164,304$153,229$142,888$102,524
8 years$163,562$150,999$139,343$128,540$118,539$80,497
9 years$143,916$131,472$120,016$109,487$99,827$64,053
10 years$128,208$115,886$104,632$94,379$85,058$51,484
11 years$115,365$103,166$92,117$82,138$73,153$41,705
12 years$104,670$92,597$81,751$72,046$63,393$33,990
13 years$95,628$83,680$73,039$63,606$55,280$27,836
14 years$87,883$76,063$65,626$56,462$48,458$22,885
15 years$81,178$69,485$59,252$50,355$42,666$18,873
16 years$75,316$63,751$53,720$45,087$37,708$15,605
17 years$70,150$58,712$48,883$40,510$33,435$12,929
18 years$65,562$54,253$44,624$36,508$29,729$10,730
19 years$61,463$50,281$40,851$32,988$26,498$8,918
20 years$57,778$46,724$37,491$29,877$23,668$7,420
21 years$54,448$43,521$34,485$27,115$21,180$6,180
22 years$51,425$40,625$31,783$24,654$18,985$5,151
23 years$48,669$37,996$29,346$22,453$17,042$4,296
24 years$46,146$35,600$27,140$20,478$15,318$3,585
25 years$43,829$33,409$25,137$18,702$13,784$2,993
26 years$41,693$31,399$23,313$17,100$12,416$2,500
27 years$39,719$29,550$21,649$15,652$11,194$2,089
28 years$37,889$27,845$20,125$14,341$10,101$1,746
29 years$36,189$26,268$18,728$13,151$9,121$1,459
30 years$34,605$24,808$17,445$12,069$8,241$1,220
31 years$33,126$23,452$16,263$11,085$7,451$1,020
32 years$31,742$22,190$15,174$10,187$6,740$853
33 years$30,445$21,014$14,168$9,368$6,099$713
34 years$29,226$19,917$13,238$8,619$5,522$597
35 years$28,080$18,891$12,376$7,934$5,002$499
36 years$27,000$17,930$11,578$7,307$4,532$418
37 years$25,981$17,029$10,836$6,733$4,107$349
38 years$25,017$16,184$10,148$6,206$3,724$292
39 years$24,106$15,389$9,507$5,722$3,377$245
40 years$23,242$14,642$8,911$5,278$3,063$205
41 years$22,422$13,938$8,356$4,869$2,779$171
42 years$21,643$13,274$7,838$4,494$2,521$143
43 years$20,903$12,647$7,355$4,148$2,288$120
44 years$20,198$12,055$6,904$3,830$2,077$100
45 years$19,527$11,496$6,483$3,537$1,886$84
46 years$18,886$10,967$6,089$3,268$1,712$70
47 years$18,275$10,465$5,720$3,019$1,555$59
48 years$17,691$9,991$5,375$2,790$1,412$49
49 years$17,132$9,541$5,053$2,578$1,282$41
50 years$16,598$9,114$4,750$2,383$1,165$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,000,000, adding $6,428 every year, while hoping to spend $38,415 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: 63/26/11 Blend
61$17,000,000$17,000,000$17,000,000$17,000,000
62$18,740,630$17,839,630$17,576,130$19,874,058
63$20,611,302$18,672,899$18,124,058$21,466,180
64$22,671,494$19,545,710$18,689,053$23,198,875
65$24,940,497$20,459,961$19,271,647$25,089,845
66$27,439,569$21,417,641$19,872,389$27,154,454
67$30,192,133$22,420,833$20,491,842$29,409,597
68$33,224,001$23,471,725$21,130,589$31,873,856
69$36,563,617$24,572,607$21,789,231$34,567,670
70$40,242,322$25,725,881$22,468,387$37,513,527
71$44,294,656$26,934,065$23,168,694$40,736,164
72$48,758,677$28,199,801$23,890,812$44,262,800
73$53,676,327$29,525,856$24,635,419$48,123,383
74$59,093,821$30,915,132$25,403,214$52,350,872
75$65,062,088$32,370,671$26,194,920$56,981,537
76$71,637,251$33,895,664$27,011,280$62,055,294
77$78,881,154$35,493,455$27,853,061$67,616,081
78$86,861,947$37,167,549$28,721,054$73,712,257
79$95,654,731$38,921,624$29,616,074$80,397,058
80$105,342,264$40,759,535$30,538,963$87,729,085
81$116,015,744$42,685,321$31,490,588$95,772,856
82$127,775,669$44,703,221$32,471,841$104,599,399
83$140,732,786$46,817,677$33,483,646$114,286,918
84$155,009,134$49,033,347$34,526,953$124,921,519
85$170,739,201$51,355,116$35,602,740$136,598,014
86$188,071,186$53,788,104$36,712,019$149,420,805
87$207,168,407$56,337,681$37,855,832$163,504,860
88$228,210,835$59,009,477$39,035,252$178,976,782
89$251,396,794$61,809,395$40,251,387$195,975,998
90$276,944,837$64,743,626$41,505,379$214,656,057
91$305,095,806$67,818,660$42,798,405$235,186,071
92$336,115,106$71,041,301$44,131,679$257,752,294
93$370,295,209$74,418,688$45,506,453$282,559,868
94$407,958,419$77,958,302$46,924,017$309,834,741
95$449,459,908$81,667,989$48,385,702$339,825,789
96$495,191,076$85,555,978$49,892,880$372,807,143
97$545,583,240$89,630,895$51,446,966$409,080,765
98$601,111,709$93,901,787$53,049,418$448,979,276
99$662,300,270$98,378,141$54,701,740$492,869,079
100$729,726,131$103,069,904$56,405,482$541,153,796