Can I retire at age 62 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,317,134
2 years$703,148$690,053$677,361$665,056$653,120$598,970
3 years$464,109$450,957$438,298$426,108$414,366$362,188
4 years$344,613$331,501$318,968$306,987$295,529$245,721
5 years$272,934$259,901$247,533$235,795$224,657$177,344
6 years$225,164$212,229$200,043$188,567$177,763$132,977
7 years$191,055$178,229$166,237$155,032$144,569$102,293
8 years$165,486$152,776$140,982$130,052$119,934$80,126
9 years$145,609$133,019$121,428$110,776$101,002$63,600
10 years$129,717$117,249$105,863$95,490$86,059$50,991
11 years$116,722$104,380$93,200$83,105$74,013$41,198
12 years$105,901$93,686$82,713$72,894$64,138$33,486
13 years$96,753$84,665$73,899$64,354$55,930$27,349
14 years$88,917$76,958$66,398$57,127$49,028$22,421
15 years$82,133$70,302$59,949$50,947$43,168$18,438
16 years$76,202$64,501$54,352$45,617$38,152$15,201
17 years$70,975$59,403$49,458$40,987$33,828$12,557
18 years$66,334$54,891$45,149$36,937$30,078$10,390
19 years$62,186$50,873$41,332$33,376$26,810$8,609
20 years$58,457$47,273$37,932$30,229$23,947$7,141
21 years$55,088$44,033$34,890$27,434$21,430$5,929
22 years$52,030$41,103$32,157$24,944$19,209$4,927
23 years$49,241$38,443$29,691$22,717$17,243$4,096
24 years$46,689$36,019$27,459$20,719$15,498$3,407
25 years$44,344$33,802$25,433$18,922$13,946$2,836
26 years$42,184$31,768$23,588$17,301$12,562$2,361
27 years$40,186$29,898$21,903$15,836$11,326$1,966
28 years$38,335$28,172$20,362$14,509$10,219$1,638
29 years$36,615$26,577$18,949$13,305$9,228$1,365
30 years$35,012$25,100$17,650$12,211$8,338$1,137
31 years$33,515$23,727$16,454$11,215$7,538$948
32 years$32,115$22,451$15,352$10,307$6,819$790
33 years$30,803$21,261$14,334$9,478$6,171$658
34 years$29,570$20,151$13,393$8,721$5,587$549
35 years$28,410$19,113$12,522$8,028$5,061$458
36 years$27,318$18,141$11,714$7,393$4,585$382
37 years$26,286$17,230$10,964$6,812$4,156$318
38 years$25,312$16,374$10,267$6,279$3,768$265
39 years$24,389$15,570$9,619$5,789$3,417$221
40 years$23,515$14,814$9,016$5,340$3,099$185
41 years$22,686$14,102$8,454$4,927$2,811$154
42 years$21,898$13,430$7,930$4,547$2,551$128
43 years$21,149$12,796$7,442$4,197$2,315$107
44 years$20,436$12,197$6,985$3,875$2,102$89
45 years$19,757$11,631$6,559$3,579$1,908$74
46 years$19,109$11,096$6,160$3,306$1,732$62
47 years$18,490$10,589$5,788$3,054$1,573$52
48 years$17,899$10,108$5,439$2,822$1,428$43
49 years$17,334$9,653$5,112$2,608$1,297$36
50 years$16,793$9,221$4,806$2,411$1,178$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,200,000, adding $5,383 every year, while hoping to spend $25,583 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: 74/5/21 Blend
61$17,200,000$17,200,000$17,200,000$17,200,000
62$18,959,953$18,048,353$17,781,753$20,266,889
63$20,866,648$18,905,502$18,350,221$21,992,880
64$22,966,968$19,803,794$18,936,876$23,880,163
65$25,280,637$20,745,218$19,542,299$25,947,764
66$27,829,388$21,731,859$20,167,092$28,213,648
67$30,637,170$22,765,905$20,811,874$30,697,594
68$33,730,375$23,849,648$21,477,286$33,421,384
69$37,138,086$24,985,494$22,163,988$36,409,002
70$40,892,351$26,175,963$22,872,661$39,686,865
71$45,028,485$27,423,699$23,604,010$43,284,062
72$49,585,406$28,731,476$24,358,760$47,232,634
73$54,606,000$30,102,201$25,137,661$51,567,867
74$60,137,525$31,538,922$25,941,486$56,328,629
75$66,232,059$33,044,836$26,771,032$61,557,728
76$72,946,992$34,623,296$27,627,125$67,302,319
77$80,345,565$36,277,817$28,510,613$73,614,344
78$88,497,469$38,012,086$29,422,375$80,551,018
79$97,479,502$39,829,969$30,363,315$88,175,367
80$107,376,293$41,735,520$31,334,368$96,556,821
81$118,281,105$43,732,990$32,336,499$105,771,865
82$130,296,709$45,826,838$33,370,703$115,904,757
83$143,536,358$48,021,738$34,438,008$127,048,323
84$158,124,858$50,322,595$35,539,472$139,304,825
85$174,199,740$52,734,549$36,676,191$152,786,924
86$191,912,564$55,262,992$37,849,294$167,618,743
87$211,430,346$57,913,579$39,059,945$183,937,029
88$232,937,137$60,692,239$40,309,349$201,892,445
89$256,635,758$63,605,193$41,598,746$221,650,984
90$282,749,719$66,658,961$42,929,417$243,395,532
91$311,525,322$69,860,382$44,302,685$267,327,592
92$343,233,994$73,216,630$45,719,914$293,669,176
93$378,174,843$76,735,226$47,182,512$322,664,904
94$416,677,484$80,424,059$48,691,933$354,584,299
95$459,105,152$84,291,402$50,249,678$389,724,332
96$505,858,129$88,345,933$51,857,293$428,412,215
97$557,377,524$92,596,749$53,516,378$471,008,488
98$614,149,435$97,053,393$55,228,581$517,910,415
99$676,709,543$101,725,875$56,995,604$569,555,724
100$745,648,163$106,624,689$58,819,203$626,426,740