Can I retire at age 62 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,340,940
2 years$711,325$698,077$685,238$672,789$660,714$614,265
3 years$469,506$456,201$443,394$431,063$419,184$374,304
4 years$348,620$335,356$322,677$310,556$298,966$255,998
5 years$276,108$262,923$250,411$238,537$227,269$186,328
6 years$227,782$214,697$202,369$190,760$179,830$140,949
7 years$193,277$180,302$168,170$156,834$146,250$109,423
8 years$167,410$154,552$142,621$131,564$121,329$86,528
9 years$147,302$134,565$122,840$112,064$102,176$69,359
10 years$131,225$118,613$107,094$96,600$87,059$56,174
11 years$118,079$105,594$94,284$84,071$74,874$45,860
12 years$107,133$94,775$83,675$73,741$64,884$37,677
13 years$97,878$85,649$74,758$65,103$56,580$31,110
14 years$89,951$77,853$67,170$57,791$49,598$25,792
15 years$83,088$71,120$60,646$51,539$43,670$21,453
16 years$77,089$65,251$54,984$46,148$38,596$17,892
17 years$71,800$60,094$50,034$41,463$34,221$14,956
18 years$67,105$55,529$45,674$37,367$30,428$12,524
19 years$62,909$51,464$41,813$33,764$27,121$10,504
20 years$59,137$47,823$38,373$30,580$24,225$8,821
21 years$55,729$44,545$35,296$27,753$21,679$7,415
22 years$52,635$41,581$32,531$25,234$19,432$6,239
23 years$49,814$38,890$30,036$22,981$17,443$5,253
24 years$47,232$36,438$27,779$20,960$15,678$4,426
25 years$44,860$34,195$25,729$19,142$14,108$3,731
26 years$42,674$32,138$23,862$17,502$12,708$3,146
27 years$40,654$30,245$22,158$16,020$11,457$2,654
28 years$38,781$28,500$20,599$14,678$10,338$2,240
29 years$37,040$26,886$19,169$13,460$9,335$1,891
30 years$35,419$25,391$17,855$12,353$8,435$1,596
31 years$33,905$24,003$16,646$11,345$7,626$1,348
32 years$32,489$22,712$15,531$10,427$6,898$1,139
33 years$31,161$21,509$14,501$9,588$6,243$962
34 years$29,914$20,385$13,549$8,822$5,652$812
35 years$28,741$19,335$12,667$8,121$5,119$686
36 years$27,635$18,352$11,850$7,479$4,639$580
37 years$26,592$17,430$11,091$6,891$4,204$490
38 years$25,606$16,565$10,387$6,352$3,811$414
39 years$24,673$15,751$9,731$5,857$3,456$350
40 years$23,789$14,986$9,121$5,402$3,135$296
41 years$22,950$14,266$8,553$4,984$2,844$250
42 years$22,153$13,586$8,023$4,600$2,581$211
43 years$21,395$12,945$7,528$4,246$2,342$179
44 years$20,674$12,339$7,066$3,920$2,126$151
45 years$19,986$11,766$6,635$3,621$1,930$128
46 years$19,331$11,225$6,232$3,344$1,752$108
47 years$18,705$10,712$5,855$3,090$1,591$91
48 years$18,107$10,226$5,502$2,855$1,445$77
49 years$17,536$9,765$5,171$2,639$1,312$65
50 years$16,988$9,328$4,862$2,439$1,192$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,400,000, adding $4,382 every year, while hoping to spend $53,938 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: 74/16/10 Blend
61$17,400,000$17,400,000$17,400,000$17,400,000
62$19,179,320$18,257,120$17,987,420$20,563,235
63$21,078,221$19,094,329$18,532,609$22,313,979
64$23,169,002$19,970,754$19,094,254$24,224,271
65$25,471,178$20,888,259$19,672,849$26,315,603
66$28,006,253$21,848,798$20,268,904$28,605,892
67$30,797,921$22,854,420$20,882,943$31,114,858
68$33,872,293$23,907,270$21,515,505$33,864,209
69$37,258,140$25,009,599$22,167,148$36,877,845
70$40,987,165$26,163,765$22,838,442$40,182,073
71$45,094,305$27,372,238$23,529,980$43,805,859
72$49,618,057$28,637,610$24,242,366$47,781,094
73$54,600,841$29,962,596$24,976,228$52,142,892
74$60,089,405$31,350,041$25,732,209$56,929,919
75$66,135,259$32,802,927$26,510,973$62,184,750
76$72,795,167$34,324,383$27,313,202$67,954,270
77$80,131,680$35,917,684$28,139,601$74,290,113
78$88,213,727$37,586,266$28,990,893$81,249,138
79$97,117,264$39,333,730$29,867,825$88,893,969
80$106,925,993$41,163,850$30,771,165$97,293,577
81$117,732,149$43,080,584$31,701,704$106,523,922
82$129,637,374$45,088,078$32,660,257$116,668,673
83$142,753,673$47,190,681$33,647,662$127,819,984
84$157,204,473$49,392,950$34,664,784$140,079,362
85$173,125,788$51,699,662$35,712,513$153,558,617
86$190,667,499$54,115,827$36,791,763$168,380,912
87$209,994,777$56,646,695$37,903,480$184,681,917
88$231,289,631$59,297,770$39,048,633$202,611,082
89$254,752,634$62,074,822$40,228,224$222,333,044
90$280,604,816$64,983,901$41,443,282$244,029,167
91$309,089,743$68,031,348$42,694,868$267,899,253
92$340,475,824$71,223,812$43,984,074$294,163,411
93$375,058,843$74,568,263$45,312,024$323,064,132
94$413,164,745$78,072,008$46,679,877$354,868,567
95$455,152,721$81,742,709$48,088,826$389,871,036
96$501,418,594$85,588,397$49,540,096$428,395,802
97$552,398,555$89,617,493$51,034,954$470,800,114
98$608,573,283$93,838,825$52,574,700$517,477,572
99$670,472,481$98,261,650$54,160,676$568,861,831
100$738,679,875$102,895,673$55,794,260$625,430,681