Can I retire at age 62 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,345,981
2 years$699,060$686,041$673,423$661,189$649,323$631,619
3 years$461,411$448,335$435,749$423,630$411,957$394,697
4 years$342,609$329,574$317,114$305,202$293,811$277,128
5 years$271,347$258,390$246,093$234,424$223,351$207,293
6 years$223,855$210,995$198,880$187,471$176,730$161,316
7 years$189,945$177,193$165,270$154,130$143,729$128,965
8 years$164,524$151,887$140,162$129,296$119,237$105,122
9 years$144,762$132,245$120,722$110,132$100,415$86,942
10 years$128,962$116,568$105,248$94,934$85,558$72,719
11 years$116,044$103,773$92,659$82,621$73,583$61,365
12 years$105,286$93,141$82,232$72,470$63,765$52,155
13 years$96,190$84,173$73,469$63,980$55,605$44,586
14 years$88,400$76,511$66,012$56,794$48,743$38,300
15 years$81,655$69,894$59,600$50,651$42,917$33,033
16 years$75,759$64,126$54,036$45,352$37,930$28,587
17 years$70,563$59,058$49,171$40,749$33,631$24,810
18 years$65,948$54,572$44,887$36,723$29,904$21,584
19 years$61,824$50,577$41,092$33,182$26,654$18,817
20 years$58,117$46,998$37,712$30,053$23,808$16,435
21 years$54,768$43,777$34,688$27,275$21,305$14,376
22 years$51,727$40,864$31,970$24,799$19,097$12,592
23 years$48,955$38,220$29,519$22,585$17,143$11,042
24 years$46,417$35,809$27,300$20,599$15,408$9,693
25 years$44,086$33,605$25,285$18,812$13,865$8,516
26 years$41,938$31,584$23,451$17,201$12,489$7,488
27 years$39,953$29,724$21,776$15,744$11,260$6,588
28 years$38,112$28,009$20,244$14,425$10,160$5,800
29 years$36,402$26,423$18,838$13,228$9,174$5,109
30 years$34,808$24,954$17,547$12,140$8,290$4,502
31 years$33,320$23,589$16,359$11,150$7,495$3,969
32 years$31,928$22,320$15,263$10,247$6,779$3,500
33 years$30,624$21,138$14,251$9,423$6,135$3,087
34 years$29,398$20,034$13,315$8,670$5,555$2,724
35 years$28,245$19,002$12,449$7,981$5,031$2,404
36 years$27,159$18,035$11,646$7,350$4,559$2,123
37 years$26,133$17,130$10,900$6,772$4,132$1,874
38 years$25,164$16,279$10,208$6,242$3,746$1,655
39 years$24,247$15,480$9,563$5,756$3,397$1,462
40 years$23,378$14,728$8,964$5,309$3,081$1,291
41 years$22,554$14,020$8,405$4,898$2,795$1,141
42 years$21,771$13,352$7,884$4,520$2,536$1,008
43 years$21,026$12,722$7,398$4,173$2,302$890
44 years$20,317$12,126$6,945$3,853$2,089$787
45 years$19,642$11,564$6,521$3,558$1,897$695
46 years$18,998$11,031$6,125$3,287$1,722$615
47 years$18,383$10,527$5,754$3,037$1,564$543
48 years$17,795$10,049$5,407$2,806$1,420$480
49 years$17,233$9,597$5,082$2,593$1,290$424
50 years$16,696$9,167$4,778$2,397$1,172$375

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,100,000, adding $3,025 every year, while hoping to spend $36,072 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: 86/8/6 Blend
61$17,100,000$17,100,000$17,100,000$17,100,000
62$18,847,320$17,941,020$17,675,970$20,463,388
63$20,731,367$18,781,750$18,229,735$22,357,715
64$22,806,377$19,662,466$18,800,842$24,433,681
65$25,091,791$20,585,091$19,389,834$26,713,681
66$27,609,031$21,551,638$19,997,270$29,218,220
67$30,381,702$22,564,218$20,623,729$31,969,883
68$33,435,818$23,625,047$21,269,806$34,993,545
69$36,800,041$24,736,444$21,936,114$38,316,605
70$40,505,959$25,900,843$22,623,288$41,969,242
71$44,588,378$27,120,796$23,331,980$45,984,698
72$49,085,655$28,398,978$24,062,863$50,399,589
73$54,040,056$29,738,191$24,816,633$55,254,252
74$59,498,157$31,141,378$25,594,006$60,593,118
75$65,511,284$32,611,621$26,395,720$66,465,135
76$72,135,996$34,152,151$27,222,537$72,924,223
77$79,434,618$35,766,358$28,075,244$80,029,784
78$87,475,835$37,457,794$28,954,649$87,847,257
79$96,335,330$39,230,186$29,861,590$96,448,737
80$106,096,508$41,087,439$30,796,927$105,913,647
81$116,851,277$43,033,650$31,761,550$116,329,492
82$128,700,921$45,073,112$32,756,375$127,792,674
83$141,757,048$47,210,328$33,782,348$140,409,407
84$156,142,653$49,450,020$34,840,442$154,296,710
85$171,993,270$51,797,137$35,931,664$169,583,511
86$189,458,259$54,256,872$37,057,049$186,411,860
87$208,702,209$56,834,666$38,217,668$204,938,266
88$229,906,497$59,536,228$39,414,623$225,335,170
89$253,270,997$62,367,540$40,649,050$247,792,571
90$279,015,968$65,334,880$41,922,123$272,519,811
91$307,384,134$68,444,825$43,235,051$299,747,552
92$338,642,971$71,704,277$44,589,080$329,729,943
93$373,087,237$75,120,471$45,985,498$362,747,021
94$411,041,754$78,700,992$47,425,631$399,107,342
95$452,864,469$82,453,797$48,910,845$439,150,896
96$498,949,839$86,387,227$50,442,553$483,252,303
97$549,732,553$90,510,032$52,022,209$531,824,352
98$605,691,634$94,831,383$53,651,313$585,321,885
99$667,354,960$99,360,901$55,331,412$644,246,088
100$735,304,254$104,108,673$57,064,102$709,149,216