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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,323,942
2 years$703,148$690,053$677,361$665,056$653,120$605,646
3 years$464,109$450,957$438,298$426,108$414,366$368,520
4 years$344,613$331,501$318,968$306,987$295,529$251,661
5 years$272,934$259,901$247,533$235,795$224,657$182,882
6 years$225,164$212,229$200,043$188,567$177,763$138,114
7 years$191,055$178,229$166,237$155,032$144,569$107,039
8 years$165,486$152,776$140,982$130,052$119,934$84,492
9 years$145,609$133,019$121,428$110,776$101,002$67,604
10 years$129,717$117,249$105,863$95,490$86,059$54,648
11 years$116,722$104,380$93,200$83,105$74,013$44,528
12 years$105,901$93,686$82,713$72,894$64,138$36,509
13 years$96,753$84,665$73,899$64,354$55,930$30,084
14 years$88,917$76,958$66,398$57,127$49,028$24,889
15 years$82,133$70,302$59,949$50,947$43,168$20,658
16 years$76,202$64,501$54,352$45,617$38,152$17,192
17 years$70,975$59,403$49,458$40,987$33,828$14,339
18 years$66,334$54,891$45,149$36,937$30,078$11,981
19 years$62,186$50,873$41,332$33,376$26,810$10,025
20 years$58,457$47,273$37,932$30,229$23,947$8,400
21 years$55,088$44,033$34,890$27,434$21,430$7,045
22 years$52,030$41,103$32,157$24,944$19,209$5,913
23 years$49,241$38,443$29,691$22,717$17,243$4,967
24 years$46,689$36,019$27,459$20,719$15,498$4,175
25 years$44,344$33,802$25,433$18,922$13,946$3,511
26 years$42,184$31,768$23,588$17,301$12,562$2,954
27 years$40,186$29,898$21,903$15,836$11,326$2,486
28 years$38,335$28,172$20,362$14,509$10,219$2,093
29 years$36,615$26,577$18,949$13,305$9,228$1,762
30 years$35,012$25,100$17,650$12,211$8,338$1,484
31 years$33,515$23,727$16,454$11,215$7,538$1,250
32 years$32,115$22,451$15,352$10,307$6,819$1,053
33 years$30,803$21,261$14,334$9,478$6,171$887
34 years$29,570$20,151$13,393$8,721$5,587$748
35 years$28,410$19,113$12,522$8,028$5,061$630
36 years$27,318$18,141$11,714$7,393$4,585$531
37 years$26,286$17,230$10,964$6,812$4,156$448
38 years$25,312$16,374$10,267$6,279$3,768$377
39 years$24,389$15,570$9,619$5,789$3,417$318
40 years$23,515$14,814$9,016$5,340$3,099$268
41 years$22,686$14,102$8,454$4,927$2,811$226
42 years$21,898$13,430$7,930$4,547$2,551$191
43 years$21,149$12,796$7,442$4,197$2,315$161
44 years$20,436$12,197$6,985$3,875$2,102$135
45 years$19,757$11,631$6,559$3,579$1,908$114
46 years$19,109$11,096$6,160$3,306$1,732$96
47 years$18,490$10,589$5,788$3,054$1,573$81
48 years$17,899$10,108$5,439$2,822$1,428$68
49 years$17,334$9,653$5,112$2,608$1,297$58
50 years$16,793$9,221$4,806$2,411$1,178$49

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 $6,423 every year, while hoping to spend $46,345 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: 50/21/29 Blend
61$17,200,000$17,200,000$17,200,000$17,200,000
62$18,961,025$18,049,425$17,782,825$19,752,942
63$20,845,739$18,884,536$18,329,239$21,143,126
64$22,921,141$19,759,015$18,892,405$22,648,211
65$25,206,631$20,674,740$19,472,834$24,283,318
66$27,723,588$21,633,684$20,071,055$26,060,820
67$30,495,570$22,637,910$20,687,612$27,994,316
68$33,548,537$23,689,586$21,323,065$30,098,753
69$36,911,091$24,790,980$21,977,991$32,390,567
70$40,614,756$25,944,471$22,652,987$34,887,828
71$44,694,264$27,152,553$23,348,665$37,610,408
72$49,187,891$28,417,841$24,065,658$40,580,162
73$54,137,815$29,743,074$24,804,617$43,821,128
74$59,590,514$31,131,126$25,566,213$47,359,751
75$65,597,202$32,585,007$26,351,137$51,225,120
76$72,214,319$34,107,875$27,160,102$55,449,244
77$79,504,058$35,703,038$27,993,844$60,067,338
78$87,534,952$37,373,967$28,853,118$65,118,157
79$96,382,524$39,124,299$29,738,704$70,644,349
80$106,129,996$40,957,845$30,651,406$76,692,850
81$116,869,080$42,878,603$31,592,052$83,315,321
82$128,700,835$44,890,764$32,561,495$90,568,626
83$141,736,629$46,998,720$33,560,614$98,515,361
84$156,099,186$49,207,078$34,590,315$107,224,431
85$171,923,745$51,520,667$35,651,533$116,771,697
86$189,359,336$53,944,548$36,745,227$127,240,680
87$208,570,187$56,484,029$37,872,391$138,723,334
88$229,737,275$59,144,676$39,034,045$151,320,910
89$253,060,033$61,932,321$40,231,242$165,144,898
90$278,758,233$64,853,082$41,465,066$180,318,063
91$307,074,062$67,913,372$42,736,634$196,975,599
92$338,274,403$71,119,914$44,047,098$215,266,385
93$372,653,361$74,479,759$45,397,645$235,354,381
94$410,535,034$78,000,297$46,789,496$257,420,161
95$452,276,575$81,689,279$48,223,912$281,662,600
96$498,271,563$85,554,831$49,702,191$308,300,741
97$548,953,718$89,605,473$51,225,669$337,575,840
98$604,800,993$93,850,137$52,795,725$369,753,632
99$666,340,091$98,298,191$54,413,779$405,126,818
100$734,151,433$102,959,455$56,081,293$444,017,813