Can I retire at age 62 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,345,631
2 years$707,237$694,065$681,300$668,923$656,917$622,977
3 years$466,808$453,579$440,846$428,585$416,775$383,852
4 years$346,617$333,429$320,823$308,772$297,248$265,594
5 years$274,521$261,412$248,972$237,166$225,963$195,667
6 years$226,473$213,463$201,206$189,664$178,797$149,890
7 years$192,166$179,266$167,203$155,933$145,410$117,894
8 years$166,448$153,664$141,802$130,808$120,631$94,496
9 years$146,455$133,792$122,134$111,420$101,589$76,812
10 years$130,471$117,931$106,479$96,045$86,559$63,112
11 years$117,401$104,987$93,742$83,588$74,444$52,292
12 years$106,517$94,231$83,194$73,318$64,511$43,618
13 years$97,315$85,157$74,328$64,729$56,255$36,580
14 years$89,434$77,405$66,784$57,459$49,313$30,812
15 years$82,611$70,711$60,297$51,243$43,419$26,048
16 years$76,646$64,876$54,668$45,883$38,374$22,087
17 years$71,388$59,749$49,746$41,225$34,025$18,775
18 years$66,719$55,210$45,412$37,152$30,253$15,993
19 years$62,547$51,168$41,572$33,570$26,965$13,647
20 years$58,797$47,548$38,153$30,404$24,086$11,663
21 years$55,409$44,289$35,093$27,594$21,554$9,979
22 years$52,332$41,342$32,344$25,089$19,320$8,548
23 years$49,527$38,667$29,864$22,849$17,343$7,329
24 years$46,960$36,228$27,619$20,840$15,588$6,289
25 years$44,602$33,998$25,581$19,032$14,027$5,399
26 years$42,429$31,953$23,725$17,402$12,635$4,639
27 years$40,420$30,071$22,031$15,928$11,392$3,987
28 years$38,558$28,336$20,480$14,594$10,279$3,428
29 years$36,827$26,732$19,059$13,383$9,282$2,949
30 years$35,215$25,246$17,752$12,282$8,386$2,537
31 years$33,710$23,865$16,550$11,280$7,582$2,184
32 years$32,302$22,581$15,442$10,367$6,859$1,880
33 years$30,982$21,385$14,418$9,533$6,207$1,619
34 years$29,742$20,268$13,471$8,771$5,620$1,394
35 years$28,576$19,224$12,595$8,074$5,090$1,201
36 years$27,476$18,246$11,782$7,436$4,612$1,034
37 years$26,439$17,330$11,028$6,852$4,180$891
38 years$25,459$16,470$10,327$6,315$3,789$768
39 years$24,531$15,661$9,675$5,823$3,436$661
40 years$23,652$14,900$9,069$5,371$3,117$570
41 years$22,818$14,184$8,503$4,955$2,828$491
42 years$22,025$13,508$7,977$4,573$2,566$423
43 years$21,272$12,870$7,485$4,222$2,329$365
44 years$20,555$12,268$7,026$3,898$2,114$314
45 years$19,872$11,699$6,597$3,600$1,919$271
46 years$19,220$11,160$6,196$3,325$1,742$234
47 years$18,598$10,650$5,821$3,072$1,582$201
48 years$18,003$10,167$5,470$2,839$1,437$174
49 years$17,435$9,709$5,142$2,624$1,305$150
50 years$16,891$9,274$4,834$2,425$1,185$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,300,000, adding $4,314 every year, while hoping to spend $42,288 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: 64/24/12 Blend
61$17,300,000$17,300,000$17,300,000$17,300,000
62$19,069,050$18,152,150$17,884,000$20,236,618
63$20,969,099$18,996,611$18,438,120$21,862,016
64$23,061,536$19,881,034$19,009,385$23,631,395
65$25,365,939$20,807,331$19,598,326$25,563,008
66$27,903,883$21,777,509$20,205,489$27,672,644
67$30,699,142$22,793,670$20,831,436$29,977,669
68$33,777,913$23,858,018$21,476,748$32,497,187
69$37,169,064$24,972,865$22,142,022$35,252,213
70$40,904,405$26,140,631$22,827,876$38,265,869
71$45,018,990$27,363,858$23,534,946$41,563,596
72$49,551,446$28,645,206$24,263,885$45,173,389
73$54,544,338$29,987,466$25,015,371$49,126,055
74$60,044,573$31,393,564$25,790,098$53,455,499
75$66,103,839$32,866,568$26,588,785$58,199,036
76$72,779,093$34,409,693$27,412,172$63,397,739
77$80,133,102$36,026,309$28,261,022$69,096,820
78$88,235,032$37,719,952$29,136,120$75,346,048
79$97,161,103$39,494,326$30,038,276$82,200,212
80$106,995,304$41,353,317$30,968,328$89,719,630
81$117,830,192$43,300,997$31,927,134$97,970,714
82$129,767,763$45,341,637$32,915,584$107,026,584
83$142,920,410$47,479,713$33,934,591$116,967,749
84$157,411,992$49,719,919$34,985,101$127,882,864
85$173,378,997$52,067,177$36,068,083$139,869,551
86$190,971,833$54,526,646$37,184,542$153,035,313
87$210,356,245$57,103,737$38,335,509$167,498,537
88$231,714,884$59,804,122$39,522,051$183,389,603
89$255,249,026$62,633,748$40,745,264$200,852,102
90$281,180,477$65,598,852$42,006,280$220,044,179
91$309,753,661$68,705,971$43,306,266$241,140,012
92$341,237,932$71,961,962$44,646,424$264,331,447
93$375,930,116$75,374,012$46,027,993$289,829,793
94$414,157,308$78,949,659$47,452,251$317,867,799
95$456,279,966$82,696,805$48,920,514$348,701,844
96$502,695,312$86,623,738$50,434,141$382,614,334
97$553,841,080$90,739,147$51,994,531$419,916,355
98$610,199,647$95,052,142$53,603,124$460,950,593
99$672,302,592$99,572,278$55,261,410$506,094,548
100$740,735,708$104,309,571$56,970,919$555,764,081