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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,377,932
2 years$719,501$706,101$693,114$680,522$668,309$642,692
3 years$474,902$461,445$448,491$436,017$424,003$399,084
4 years$352,627$339,211$326,386$314,126$302,402$278,374
5 years$279,281$265,945$253,289$241,279$229,881$206,812
6 years$230,400$217,164$204,695$192,953$181,897$159,813
7 years$195,499$182,374$170,103$158,637$147,931$126,838
8 years$169,334$156,328$144,261$133,077$122,723$102,615
9 years$148,995$136,112$124,252$113,352$103,351$84,217
10 years$132,733$119,976$108,325$97,710$88,060$69,882
11 years$119,437$106,808$95,368$85,037$75,735$58,493
12 years$108,364$95,865$84,637$74,589$65,630$49,301
13 years$99,003$86,634$75,617$65,851$57,231$41,788
14 years$90,985$78,748$67,942$58,455$50,168$35,585
15 years$84,043$71,937$61,343$52,132$44,172$30,419
16 years$77,975$66,001$55,616$46,678$39,039$26,087
17 years$72,626$60,785$50,609$41,940$34,615$22,432
18 years$67,876$56,168$46,199$37,796$30,778$19,333
19 years$63,632$52,056$42,293$34,152$27,433$16,695
20 years$59,817$48,373$38,815$30,932$24,504$14,440
21 years$56,369$45,057$35,702$28,072$21,928$12,508
22 years$53,240$42,059$32,905$25,524$19,655$10,848
23 years$50,386$39,337$30,382$23,245$17,644$9,417
24 years$47,775$36,856$28,098$21,201$15,859$8,183
25 years$45,376$34,588$26,024$19,362$14,270$7,116
26 years$43,165$32,507$24,136$17,704$12,854$6,192
27 years$41,121$30,593$22,413$16,205$11,589$5,392
28 years$39,227$28,828$20,835$14,847$10,457$4,697
29 years$37,466$27,196$19,389$13,615$9,443$4,094
30 years$35,826$25,683$18,060$12,495$8,532$3,569
31 years$34,295$24,279$16,837$11,476$7,714$3,113
32 years$32,862$22,973$15,709$10,547$6,978$2,716
33 years$31,519$21,756$14,668$9,698$6,315$2,370
34 years$30,258$20,620$13,705$8,923$5,717$2,068
35 years$29,071$19,557$12,813$8,214$5,178$1,806
36 years$27,953$18,563$11,986$7,565$4,692$1,576
37 years$26,898$17,630$11,219$6,970$4,252$1,377
38 years$25,900$16,755$10,506$6,425$3,855$1,202
39 years$24,956$15,933$9,843$5,924$3,496$1,050
40 years$24,062$15,159$9,226$5,464$3,171$917
41 years$23,213$14,429$8,651$5,041$2,877$801
42 years$22,407$13,742$8,115$4,652$2,610$700
43 years$21,641$13,093$7,615$4,295$2,369$612
44 years$20,911$12,481$7,148$3,966$2,150$535
45 years$20,216$11,902$6,711$3,662$1,952$467
46 years$19,553$11,354$6,304$3,383$1,772$408
47 years$18,920$10,835$5,922$3,125$1,610$357
48 years$18,315$10,343$5,565$2,888$1,462$312
49 years$17,737$9,877$5,231$2,669$1,328$272
50 years$17,184$9,435$4,918$2,467$1,206$238

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 $6,332 every year, while hoping to spend $40,777 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: 73/18/9 Blend
61$17,600,000$17,600,000$17,600,000$17,600,000
62$19,401,731$18,468,931$18,196,131$20,787,170
63$21,337,322$19,330,523$18,762,315$22,563,932
64$23,468,975$20,232,965$19,346,100$24,503,580
65$25,816,648$21,178,218$19,948,031$26,626,782
66$28,402,329$22,168,333$20,568,674$28,951,667
67$31,250,250$23,205,465$21,208,607$31,498,189
68$34,387,111$24,291,869$21,868,432$34,288,310
69$37,842,337$25,429,910$22,548,764$37,346,205
70$41,648,349$26,622,070$23,250,242$40,698,483
71$45,840,876$27,870,947$23,973,520$44,374,439
72$50,459,290$29,179,268$24,719,278$48,406,323
73$55,546,975$30,549,889$25,488,211$52,829,641
74$61,151,741$31,985,808$26,281,040$57,683,487
75$67,326,270$33,490,164$27,098,506$63,010,903
76$74,128,618$35,066,251$27,941,375$68,859,288
77$81,622,760$36,717,520$28,810,435$75,280,830
78$89,879,196$38,447,593$29,706,498$82,333,004
79$98,975,611$40,260,262$30,630,403$90,079,099
80$108,997,616$42,159,508$31,583,014$98,588,818
81$120,039,550$44,149,501$32,565,222$107,938,922
82$132,205,373$46,234,615$33,577,946$118,213,956
83$145,609,646$48,419,436$34,622,132$129,507,033
84$160,378,614$50,708,772$35,698,758$141,920,711
85$176,651,395$53,107,665$36,808,829$155,567,951
86$194,581,296$55,621,399$37,953,383$170,573,177
87$214,337,258$58,255,517$39,133,491$187,073,440
88$236,105,451$61,015,830$40,350,256$205,219,709
89$260,091,032$63,908,431$41,604,814$225,178,279
90$286,520,081$66,939,708$42,898,340$247,132,339
91$315,641,736$70,116,361$44,232,041$271,283,688
92$347,730,543$73,445,412$45,607,164$297,854,629
93$383,089,049$76,934,228$47,024,994$327,090,061
94$422,050,657$80,590,530$48,486,857$359,259,773
95$464,982,775$84,422,417$49,994,117$394,660,987
96$512,290,282$88,438,379$51,548,184$433,621,148
97$564,419,351$92,647,320$53,150,508$476,500,999
98$621,861,662$97,058,576$54,802,587$523,697,981
99$685,159,042$101,681,937$56,505,965$575,649,963
100$754,908,581$106,527,668$58,262,231$632,839,368