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%12.4%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,342,005
2 years$694,972$682,029$669,485$657,323$645,526$631,829
3 years$458,713$445,714$433,201$421,153$409,548$396,178
4 years$340,606$327,647$315,260$303,417$292,093$279,153
5 years$269,760$256,879$244,654$233,053$222,044$209,573
6 years$222,546$209,761$197,717$186,375$175,696$163,708
7 years$188,834$176,157$164,304$153,229$142,888$131,388
8 years$163,562$150,999$139,343$128,540$118,539$107,527
9 years$143,916$131,472$120,016$109,487$99,827$89,299
10 years$128,208$115,886$104,632$94,379$85,058$75,007
11 years$115,365$103,166$92,117$82,138$73,153$63,571
12 years$104,670$92,597$81,751$72,046$63,393$54,271
13 years$95,628$83,680$73,039$63,606$55,280$46,607
14 years$87,883$76,063$65,626$56,462$48,458$40,222
15 years$81,178$69,485$59,252$50,355$42,666$34,856
16 years$75,316$63,751$53,720$45,087$37,708$30,310
17 years$70,150$58,712$48,883$40,510$33,435$26,435
18 years$65,562$54,253$44,624$36,508$29,729$23,114
19 years$61,463$50,281$40,851$32,988$26,498$20,253
20 years$57,778$46,724$37,491$29,877$23,668$17,780
21 years$54,448$43,521$34,485$27,115$21,180$15,634
22 years$51,425$40,625$31,783$24,654$18,985$13,767
23 years$48,669$37,996$29,346$22,453$17,042$12,137
24 years$46,146$35,600$27,140$20,478$15,318$10,712
25 years$43,829$33,409$25,137$18,702$13,784$9,463
26 years$41,693$31,399$23,313$17,100$12,416$8,367
27 years$39,719$29,550$21,649$15,652$11,194$7,403
28 years$37,889$27,845$20,125$14,341$10,101$6,554
29 years$36,189$26,268$18,728$13,151$9,121$5,806
30 years$34,605$24,808$17,445$12,069$8,241$5,145
31 years$33,126$23,452$16,263$11,085$7,451$4,562
32 years$31,742$22,190$15,174$10,187$6,740$4,047
33 years$30,445$21,014$14,168$9,368$6,099$3,591
34 years$29,226$19,917$13,238$8,619$5,522$3,187
35 years$28,080$18,891$12,376$7,934$5,002$2,829
36 years$27,000$17,930$11,578$7,307$4,532$2,512
37 years$25,981$17,029$10,836$6,733$4,107$2,232
38 years$25,017$16,184$10,148$6,206$3,724$1,982
39 years$24,106$15,389$9,507$5,722$3,377$1,761
40 years$23,242$14,642$8,911$5,278$3,063$1,565
41 years$22,422$13,938$8,356$4,869$2,779$1,391
42 years$21,643$13,274$7,838$4,494$2,521$1,237
43 years$20,903$12,647$7,355$4,148$2,288$1,099
44 years$20,198$12,055$6,904$3,830$2,077$977
45 years$19,527$11,496$6,483$3,537$1,886$869
46 years$18,886$10,967$6,089$3,268$1,712$773
47 years$18,275$10,465$5,720$3,019$1,555$687
48 years$17,691$9,991$5,375$2,790$1,412$611
49 years$17,132$9,541$5,053$2,578$1,282$543
50 years$16,598$9,114$4,750$2,383$1,165$483

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 $5,947 every year, while hoping to spend $21,902 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: 62/31/7 Blend
61$17,000,000$17,000,000$17,000,000$17,000,000
62$18,740,134$17,839,134$17,575,634$19,876,131
63$20,628,324$18,689,948$18,141,115$21,486,182
64$22,708,376$19,581,718$18,724,804$23,239,637
65$24,999,835$20,516,428$19,327,290$25,152,860
66$27,524,243$21,496,157$19,949,179$27,241,288
67$30,305,334$22,523,087$20,591,095$29,521,893
68$33,369,266$23,599,506$21,253,684$32,013,336
69$36,744,861$24,727,812$21,937,613$34,736,140
70$40,463,883$25,910,521$22,643,569$37,712,873
71$44,561,333$27,150,270$23,372,262$40,968,360
72$49,075,783$28,449,827$24,124,427$44,529,907
73$54,049,735$29,812,091$24,900,818$48,427,551
74$59,530,030$31,240,105$25,702,217$52,694,342
75$65,568,283$32,737,060$26,529,431$57,366,641
76$72,221,372$34,306,300$27,383,291$62,484,457
77$79,551,977$35,951,335$28,264,657$68,091,820
78$87,629,172$37,675,843$29,174,416$74,237,183
79$96,529,071$39,483,683$30,113,482$80,973,873
80$106,335,554$41,378,901$31,082,802$88,360,583
81$117,141,055$43,365,742$32,083,350$96,461,920
82$129,047,434$45,448,655$33,116,134$105,348,997
83$142,166,941$47,632,307$34,182,192$115,100,101
84$156,623,272$49,921,593$35,282,599$125,801,417
85$172,552,741$52,321,646$36,418,461$137,547,828
86$190,105,563$54,837,850$37,590,923$150,443,802
87$209,447,276$57,475,850$38,801,164$164,604,361
88$230,760,298$60,241,566$40,050,402$180,156,154
89$254,245,654$63,141,209$41,339,897$197,238,641
90$280,124,872$66,181,289$42,670,945$216,005,389
91$308,642,075$69,368,638$44,044,887$236,625,512
92$340,066,283$72,710,418$45,463,107$259,285,244
93$374,693,956$76,214,141$46,927,033$284,189,684
94$412,851,790$79,887,684$48,438,140$311,564,713
95$454,899,803$83,739,312$49,997,948$341,659,108
96$501,234,734$87,777,688$51,608,030$374,746,867
97$552,293,784$92,011,903$53,270,007$411,129,778
98$608,558,751$96,451,487$54,985,553$451,140,243
99$670,560,570$101,106,437$56,756,396$495,144,397
100$738,884,334$105,987,237$58,584,320$543,545,535