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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,316,245
2 years$699,060$686,041$673,423$661,189$649,323$602,125
3 years$461,411$448,335$435,749$423,630$411,957$366,377
4 years$342,609$329,574$317,114$305,202$293,811$250,198
5 years$271,347$258,390$246,093$234,424$223,351$181,819
6 years$223,855$210,995$198,880$187,471$176,730$137,311
7 years$189,945$177,193$165,270$154,130$143,729$106,416
8 years$164,524$151,887$140,162$129,296$119,237$84,001
9 years$144,762$132,245$120,722$110,132$100,415$67,210
10 years$128,962$116,568$105,248$94,934$85,558$54,331
11 years$116,044$103,773$92,659$82,621$73,583$44,269
12 years$105,286$93,141$82,232$72,470$63,765$36,297
13 years$96,190$84,173$73,469$63,980$55,605$29,909
14 years$88,400$76,511$66,012$56,794$48,743$24,745
15 years$81,655$69,894$59,600$50,651$42,917$20,538
16 years$75,759$64,126$54,036$45,352$37,930$17,092
17 years$70,563$59,058$49,171$40,749$33,631$14,256
18 years$65,948$54,572$44,887$36,723$29,904$11,911
19 years$61,824$50,577$41,092$33,182$26,654$9,967
20 years$58,117$46,998$37,712$30,053$23,808$8,351
21 years$54,768$43,777$34,688$27,275$21,305$7,004
22 years$51,727$40,864$31,970$24,799$19,097$5,879
23 years$48,955$38,220$29,519$22,585$17,143$4,938
24 years$46,417$35,809$27,300$20,599$15,408$4,151
25 years$44,086$33,605$25,285$18,812$13,865$3,490
26 years$41,938$31,584$23,451$17,201$12,489$2,936
27 years$39,953$29,724$21,776$15,744$11,260$2,471
28 years$38,112$28,009$20,244$14,425$10,160$2,080
29 years$36,402$26,423$18,838$13,228$9,174$1,752
30 years$34,808$24,954$17,547$12,140$8,290$1,475
31 years$33,320$23,589$16,359$11,150$7,495$1,243
32 years$31,928$22,320$15,263$10,247$6,779$1,047
33 years$30,624$21,138$14,251$9,423$6,135$882
34 years$29,398$20,034$13,315$8,670$5,555$744
35 years$28,245$19,002$12,449$7,981$5,031$627
36 years$27,159$18,035$11,646$7,350$4,559$528
37 years$26,133$17,130$10,900$6,772$4,132$445
38 years$25,164$16,279$10,208$6,242$3,746$375
39 years$24,247$15,480$9,563$5,756$3,397$316
40 years$23,378$14,728$8,964$5,309$3,081$267
41 years$22,554$14,020$8,405$4,898$2,795$225
42 years$21,771$13,352$7,884$4,520$2,536$190
43 years$21,026$12,722$7,398$4,173$2,302$160
44 years$20,317$12,126$6,945$3,853$2,089$135
45 years$19,642$11,564$6,521$3,558$1,897$114
46 years$18,998$11,031$6,125$3,287$1,722$96
47 years$18,383$10,527$5,754$3,037$1,564$81
48 years$17,795$10,049$5,407$2,806$1,420$68
49 years$17,233$9,597$5,082$2,593$1,290$57
50 years$16,696$9,167$4,778$2,397$1,172$48

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 $6,372 every year, while hoping to spend $51,088 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: 83/12/5 Blend
61$17,100,000$17,100,000$17,100,000$17,100,000
62$18,850,773$17,944,473$17,679,423$20,413,876
63$20,719,194$18,769,395$18,217,326$22,260,103
64$22,776,483$19,633,025$18,771,537$24,279,332
65$25,041,848$20,537,208$19,342,548$26,494,860
66$27,536,459$21,483,874$19,930,866$28,926,317
67$30,283,641$22,475,047$20,537,013$31,595,319
68$33,309,098$23,512,849$21,161,528$34,525,672
69$36,641,151$24,599,504$21,804,964$37,743,590
70$40,311,011$25,737,343$22,467,894$41,277,943
71$44,353,070$26,928,808$23,150,904$45,160,524
72$48,805,224$28,176,461$23,854,600$49,426,352
73$53,709,235$29,482,985$24,579,607$54,113,993
74$59,111,119$30,851,194$25,326,566$59,265,926
75$65,061,588$32,284,037$26,096,141$64,928,937
76$71,616,520$33,784,605$26,889,011$71,154,563
77$78,837,492$35,356,138$27,705,881$77,999,571
78$86,792,361$37,002,033$28,547,472$85,526,489
79$95,555,899$38,725,850$29,414,530$93,804,198
80$105,210,507$40,531,322$30,307,822$102,908,574
81$115,846,983$42,422,361$31,228,139$112,923,202
82$127,565,387$44,403,069$32,176,293$123,940,161
83$140,475,982$46,477,745$33,153,124$136,060,888
84$154,700,273$48,650,896$34,159,496$149,397,133
85$170,372,159$50,927,247$35,196,296$164,072,006
86$187,639,189$53,311,752$36,264,442$180,221,138
87$206,663,962$55,809,603$37,364,876$197,993,954
88$227,625,657$58,426,245$38,498,571$217,555,077
89$250,721,727$61,167,384$39,666,526$239,085,880
90$276,169,761$64,039,004$40,869,773$262,786,190
91$304,209,540$67,047,378$42,109,373$288,876,169
92$335,105,295$70,199,081$43,386,419$317,598,384
93$369,148,208$73,501,009$44,702,037$349,220,094
94$406,659,156$76,960,390$46,057,386$384,035,763
95$447,991,743$80,584,803$47,453,662$422,369,834
96$493,535,635$84,382,192$48,892,093$464,579,782
97$543,720,238$88,360,888$50,373,947$511,059,484
98$599,018,757$92,529,625$51,900,529$562,242,927
99$659,952,654$96,897,561$53,473,180$618,608,295
100$727,096,579$101,474,296$55,093,287$680,682,478