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%14.7%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,344,960
2 years$703,148$690,053$677,361$665,056$653,120$626,437
3 years$464,109$450,957$438,298$426,108$414,366$388,424
4 years$344,613$331,501$318,968$306,987$295,529$270,528
5 years$272,934$259,901$247,533$235,795$224,657$200,667
6 years$225,164$212,229$200,043$188,567$177,763$154,812
7 years$191,055$178,229$166,237$155,032$144,569$122,662
8 years$165,486$152,776$140,982$130,052$119,934$99,064
9 years$145,609$133,019$121,428$110,776$101,002$81,157
10 years$129,717$117,249$105,863$95,490$86,059$67,219
11 years$116,722$104,380$93,200$83,105$74,013$56,158
12 years$105,901$93,686$82,713$72,894$64,138$47,241
13 years$96,753$84,665$73,899$64,354$55,930$39,963
14 years$88,917$76,958$66,398$57,127$49,028$33,961
15 years$82,133$70,302$59,949$50,947$43,168$28,971
16 years$76,202$64,501$54,352$45,617$38,152$24,792
17 years$70,975$59,403$49,458$40,987$33,828$21,273
18 years$66,334$54,891$45,149$36,937$30,078$18,294
19 years$62,186$50,873$41,332$33,376$26,810$15,763
20 years$58,457$47,273$37,932$30,229$23,947$13,604
21 years$55,088$44,033$34,890$27,434$21,430$11,757
22 years$52,030$41,103$32,157$24,944$19,209$10,172
23 years$49,241$38,443$29,691$22,717$17,243$8,811
24 years$46,689$36,019$27,459$20,719$15,498$7,638
25 years$44,344$33,802$25,433$18,922$13,946$6,626
26 years$42,184$31,768$23,588$17,301$12,562$5,752
27 years$40,186$29,898$21,903$15,836$11,326$4,996
28 years$38,335$28,172$20,362$14,509$10,219$4,342
29 years$36,615$26,577$18,949$13,305$9,228$3,775
30 years$35,012$25,100$17,650$12,211$8,338$3,283
31 years$33,515$23,727$16,454$11,215$7,538$2,856
32 years$32,115$22,451$15,352$10,307$6,819$2,486
33 years$30,803$21,261$14,334$9,478$6,171$2,164
34 years$29,570$20,151$13,393$8,721$5,587$1,884
35 years$28,410$19,113$12,522$8,028$5,061$1,640
36 years$27,318$18,141$11,714$7,393$4,585$1,428
37 years$26,286$17,230$10,964$6,812$4,156$1,244
38 years$25,312$16,374$10,267$6,279$3,768$1,084
39 years$24,389$15,570$9,619$5,789$3,417$944
40 years$23,515$14,814$9,016$5,340$3,099$823
41 years$22,686$14,102$8,454$4,927$2,811$717
42 years$21,898$13,430$7,930$4,547$2,551$625
43 years$21,149$12,796$7,442$4,197$2,315$544
44 years$20,436$12,197$6,985$3,875$2,102$475
45 years$19,757$11,631$6,559$3,579$1,908$414
46 years$19,109$11,096$6,160$3,306$1,732$360
47 years$18,490$10,589$5,788$3,054$1,573$314
48 years$17,899$10,108$5,439$2,822$1,428$274
49 years$17,334$9,653$5,112$2,608$1,297$239
50 years$16,793$9,221$4,806$2,411$1,178$208

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 $3,255 every year, while hoping to spend $20,503 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: 71/13/16 Blend
61$17,200,000$17,200,000$17,200,000$17,200,000
62$18,957,758$18,046,158$17,779,558$20,233,628
63$20,869,634$18,908,604$18,353,358$21,944,132
64$22,975,834$19,812,624$18,945,693$23,813,353
65$25,296,158$20,760,231$19,557,163$25,859,218
66$27,852,424$21,753,540$20,188,385$28,099,190
67$30,668,675$22,794,767$20,840,000$30,552,488
68$33,771,406$23,886,237$21,512,666$33,240,267
69$37,189,812$25,030,386$22,207,063$36,185,818
70$40,956,069$26,229,770$22,923,895$39,414,777
71$45,105,630$27,487,071$23,663,888$42,955,372
72$49,677,565$28,805,098$24,427,789$46,838,678
73$54,714,929$30,186,801$25,216,373$51,098,911
74$60,265,168$31,635,269$26,030,437$55,773,749
75$66,380,564$33,153,747$26,870,805$60,904,677
76$73,118,733$34,745,632$27,738,329$66,537,379
77$80,543,168$36,414,492$28,633,887$72,722,163
78$88,723,834$38,164,065$29,558,385$79,514,433
79$97,737,833$39,998,273$30,512,760$86,975,205
80$107,670,132$41,921,228$31,497,977$95,171,678
81$118,614,361$43,937,244$32,515,035$104,177,865
82$130,673,701$46,050,844$33,564,963$114,075,282
83$143,961,855$48,266,771$34,648,826$124,953,717
84$158,604,122$50,590,001$35,767,720$136,912,067
85$174,738,583$53,025,751$36,922,778$150,059,266
86$192,517,399$55,579,494$38,115,172$164,515,310
87$212,108,252$58,256,967$39,346,109$180,412,378
88$233,695,925$61,064,190$40,616,835$197,896,075
89$257,484,049$64,007,476$41,928,639$217,126,801
90$283,697,023$67,093,442$43,282,849$238,281,251
91$312,582,132$70,329,034$44,680,838$261,554,081
92$344,411,885$73,721,532$46,124,021$287,159,733
93$379,486,584$77,278,574$47,613,862$315,334,455
94$418,137,160$81,008,168$49,151,870$346,338,515
95$460,728,296$84,918,715$50,739,605$380,458,652
96$507,661,875$89,019,024$52,378,674$418,010,775
97$559,380,767$93,318,337$54,070,740$459,342,929
98$616,373,013$97,826,343$55,817,518$504,838,572
99$679,176,434$102,553,208$57,620,778$554,920,185
100$748,383,705$107,509,589$59,482,349$610,053,246