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%12.8%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,371,300
2 years$711,325$698,077$685,238$672,789$660,714$644,408
3 years$469,506$456,201$443,394$431,063$419,184$403,278
4 years$348,620$335,356$322,677$310,556$298,966$283,582
5 years$276,108$262,923$250,411$238,537$227,269$212,453
6 years$227,782$214,697$202,369$190,760$179,830$165,600
7 years$193,277$180,302$168,170$156,834$146,250$132,612
8 years$167,410$154,552$142,621$131,564$121,329$108,280
9 years$147,302$134,565$122,840$112,064$102,176$89,713
10 years$131,225$118,613$107,094$96,600$87,059$75,173
11 years$118,079$105,594$94,284$84,071$74,874$63,554
12 years$107,133$94,775$83,675$73,741$64,884$54,119
13 years$97,878$85,649$74,758$65,103$56,580$46,356
14 years$89,951$77,853$67,170$57,791$49,598$39,900
15 years$83,088$71,120$60,646$51,539$43,670$34,483
16 years$77,089$65,251$54,984$46,148$38,596$29,903
17 years$71,800$60,094$50,034$41,463$34,221$26,007
18 years$67,105$55,529$45,674$37,367$30,428$22,675
19 years$62,909$51,464$41,813$33,764$27,121$19,811
20 years$59,137$47,823$38,373$30,580$24,225$17,341
21 years$55,729$44,545$35,296$27,753$21,679$15,203
22 years$52,635$41,581$32,531$25,234$19,432$13,347
23 years$49,814$38,890$30,036$22,981$17,443$11,731
24 years$47,232$36,438$27,779$20,960$15,678$10,321
25 years$44,860$34,195$25,729$19,142$14,108$9,090
26 years$42,674$32,138$23,862$17,502$12,708$8,011
27 years$40,654$30,245$22,158$16,020$11,457$7,065
28 years$38,781$28,500$20,599$14,678$10,338$6,235
29 years$37,040$26,886$19,169$13,460$9,335$5,505
30 years$35,419$25,391$17,855$12,353$8,435$4,863
31 years$33,905$24,003$16,646$11,345$7,626$4,298
32 years$32,489$22,712$15,531$10,427$6,898$3,800
33 years$31,161$21,509$14,501$9,588$6,243$3,360
34 years$29,914$20,385$13,549$8,822$5,652$2,973
35 years$28,741$19,335$12,667$8,121$5,119$2,630
36 years$27,635$18,352$11,850$7,479$4,639$2,328
37 years$26,592$17,430$11,091$6,891$4,204$2,061
38 years$25,606$16,565$10,387$6,352$3,811$1,824
39 years$24,673$15,751$9,731$5,857$3,456$1,615
40 years$23,789$14,986$9,121$5,402$3,135$1,431
41 years$22,950$14,266$8,553$4,984$2,844$1,267
42 years$22,153$13,586$8,023$4,600$2,581$1,122
43 years$21,395$12,945$7,528$4,246$2,342$994
44 years$20,674$12,339$7,066$3,920$2,126$881
45 years$19,986$11,766$6,635$3,621$1,930$780
46 years$19,331$11,225$6,232$3,344$1,752$692
47 years$18,705$10,712$5,855$3,090$1,591$613
48 years$18,107$10,226$5,502$2,855$1,445$543
49 years$17,536$9,765$5,171$2,639$1,312$481
50 years$16,988$9,328$4,862$2,439$1,192$427

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 $2,910 every year, while hoping to spend $25,513 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: 67/25/8 Blend
61$17,400,000$17,400,000$17,400,000$17,400,000
62$19,177,802$18,255,602$17,985,902$20,434,094
63$21,106,792$19,122,981$18,561,284$22,135,898
64$23,231,684$20,032,006$19,155,086$23,992,349
65$25,572,433$20,984,691$19,767,899$26,021,200
66$28,151,028$21,983,149$20,400,331$28,239,291
67$30,991,702$23,029,592$21,053,011$30,665,146
68$34,121,157$24,126,343$21,726,588$33,319,142
69$37,568,817$25,275,836$22,421,731$36,223,700
70$41,367,109$26,480,625$23,139,131$39,403,487
71$45,551,764$27,743,385$23,879,502$42,885,647
72$50,162,159$29,066,925$24,643,580$46,700,049
73$55,241,682$30,454,188$25,432,123$50,879,565
74$60,838,152$31,908,261$26,245,917$55,460,374
75$67,004,258$33,432,381$27,085,770$60,482,297
76$73,798,067$35,029,942$27,952,518$65,989,164
77$81,283,565$36,704,504$28,847,022$72,029,224
78$89,531,263$38,459,799$29,770,172$78,655,592
79$98,618,865$40,299,743$30,722,886$85,926,741
80$108,631,997$42,228,439$31,706,111$93,907,048
81$119,665,021$44,250,192$32,720,826$102,667,393
82$131,821,919$46,369,517$33,768,039$112,285,817
83$145,217,278$48,591,147$34,848,792$122,848,255
84$159,977,375$50,920,047$35,964,161$134,449,330
85$176,241,361$53,361,424$37,115,254$147,193,241
86$194,162,582$55,920,736$38,303,217$161,194,737
87$213,910,023$58,603,709$39,529,232$176,580,184
88$235,669,902$61,416,348$40,794,519$193,488,752
89$259,647,432$64,364,949$42,100,335$212,073,712
90$286,068,756$67,456,117$43,447,982$232,503,873
91$315,183,079$70,696,777$44,838,799$254,965,163
92$347,265,025$74,094,191$46,274,171$279,662,365
93$382,617,228$77,655,976$47,755,526$306,821,042
94$421,573,187$81,390,121$49,284,338$336,689,647
95$464,500,417$85,305,003$50,862,129$369,541,854
96$511,803,919$89,409,407$52,490,469$405,679,124
97$563,929,997$93,712,547$54,170,979$445,433,535
98$621,370,482$98,224,086$55,905,331$489,170,894
99$684,667,364$102,954,159$57,695,252$537,294,177
100$754,417,916$107,913,394$59,542,525$590,247,309