Can I retire at age 62 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,385,337
2 years$719,501$706,101$693,114$680,522$668,309$650,088
3 years$474,902$461,445$448,491$436,017$424,003$406,238
4 years$352,627$339,211$326,386$314,126$302,402$285,231
5 years$279,281$265,945$253,289$241,279$229,881$213,354
6 years$230,400$217,164$204,695$192,953$181,897$166,033
7 years$195,499$182,374$170,103$158,637$147,931$132,736
8 years$169,334$156,328$144,261$133,077$122,723$108,196
9 years$148,995$136,112$124,252$113,352$103,351$89,484
10 years$132,733$119,976$108,325$97,710$88,060$74,845
11 years$119,437$106,808$95,368$85,037$75,735$63,159
12 years$108,364$95,865$84,637$74,589$65,630$53,680
13 years$99,003$86,634$75,617$65,851$57,231$45,890
14 years$90,985$78,748$67,942$58,455$50,168$39,420
15 years$84,043$71,937$61,343$52,132$44,172$33,999
16 years$77,975$66,001$55,616$46,678$39,039$29,422
17 years$72,626$60,785$50,609$41,940$34,615$25,535
18 years$67,876$56,168$46,199$37,796$30,778$22,215
19 years$63,632$52,056$42,293$34,152$27,433$19,368
20 years$59,817$48,373$38,815$30,932$24,504$16,915
21 years$56,369$45,057$35,702$28,072$21,928$14,796
22 years$53,240$42,059$32,905$25,524$19,655$12,960
23 years$50,386$39,337$30,382$23,245$17,644$11,365
24 years$47,775$36,856$28,098$21,201$15,859$9,976
25 years$45,376$34,588$26,024$19,362$14,270$8,765
26 years$43,165$32,507$24,136$17,704$12,854$7,707
27 years$41,121$30,593$22,413$16,205$11,589$6,781
28 years$39,227$28,828$20,835$14,847$10,457$5,969
29 years$37,466$27,196$19,389$13,615$9,443$5,258
30 years$35,826$25,683$18,060$12,495$8,532$4,633
31 years$34,295$24,279$16,837$11,476$7,714$4,085
32 years$32,862$22,973$15,709$10,547$6,978$3,602
33 years$31,519$21,756$14,668$9,698$6,315$3,178
34 years$30,258$20,620$13,705$8,923$5,717$2,804
35 years$29,071$19,557$12,813$8,214$5,178$2,475
36 years$27,953$18,563$11,986$7,565$4,692$2,185
37 years$26,898$17,630$11,219$6,970$4,252$1,929
38 years$25,900$16,755$10,506$6,425$3,855$1,703
39 years$24,956$15,933$9,843$5,924$3,496$1,504
40 years$24,062$15,159$9,226$5,464$3,171$1,329
41 years$23,213$14,429$8,651$5,041$2,877$1,174
42 years$22,407$13,742$8,115$4,652$2,610$1,037
43 years$21,641$13,093$7,615$4,295$2,369$916
44 years$20,911$12,481$7,148$3,966$2,150$810
45 years$20,216$11,902$6,711$3,662$1,952$716
46 years$19,553$11,354$6,304$3,383$1,772$632
47 years$18,920$10,835$5,922$3,125$1,610$559
48 years$18,315$10,343$5,565$2,888$1,462$494
49 years$17,737$9,877$5,231$2,669$1,328$437
50 years$17,184$9,435$4,918$2,467$1,206$386

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,600,000, adding $4,279 every year, while hoping to spend $32,360 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: 84/11/5 Blend
61$17,600,000$17,600,000$17,600,000$17,600,000
62$19,399,614$18,466,814$18,194,014$21,028,486
63$21,343,944$19,337,257$18,769,082$22,962,073
64$23,485,510$20,249,267$19,362,331$25,080,473
65$25,844,398$21,204,847$19,974,335$27,406,041
66$28,442,739$22,206,097$20,605,688$29,959,540
67$31,304,920$23,255,217$21,257,000$32,763,828
68$34,457,816$24,354,516$21,928,903$35,844,083
69$37,931,040$25,506,415$22,622,049$39,228,031
70$41,757,227$26,713,450$23,337,108$42,946,208
71$45,972,338$27,978,283$24,074,775$47,032,244
72$50,616,000$29,303,702$24,835,763$51,523,182
73$55,731,881$30,692,633$25,620,810$56,459,820
74$61,368,104$32,148,142$26,430,678$61,887,097
75$67,577,695$33,673,447$27,266,151$67,854,511
76$74,419,092$35,271,917$28,128,039$74,416,587
77$81,956,688$36,947,089$29,017,177$81,633,383
78$90,261,444$38,702,671$29,934,426$89,571,061
79$99,411,558$40,542,549$30,880,676$98,302,500
80$109,493,203$42,470,799$31,856,845$107,907,986
81$120,601,338$44,491,697$32,863,877$118,475,965
82$132,840,607$46,609,723$33,902,750$130,103,870
83$146,326,327$48,829,577$34,974,470$142,899,042
84$161,185,573$51,156,187$36,080,075$156,979,736
85$177,558,382$53,594,721$37,220,639$172,476,232
86$195,599,072$56,150,597$38,397,265$189,532,062
87$215,477,699$58,829,498$39,611,095$208,305,357
88$237,381,663$61,637,382$40,863,305$228,970,340
89$261,517,476$64,580,497$42,155,109$251,718,958
90$288,112,713$67,665,396$43,487,760$276,762,693
91$317,418,158$70,898,949$44,862,549$304,334,552
92$349,710,174$74,288,362$46,280,808$334,691,258
93$385,293,310$77,841,189$47,743,913$368,115,670
94$424,503,176$81,565,356$49,253,282$404,919,441
95$467,709,611$85,469,169$50,810,379$445,445,961
96$515,320,177$89,561,344$52,416,712$490,073,585
97$567,784,002$93,851,017$54,073,839$539,219,196
98$625,596,024$98,347,771$55,783,367$593,342,137
99$689,301,661$103,061,655$57,546,952$652,948,538
100$759,501,961$108,003,206$59,366,305$718,596,079