Can I retire at age 62 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,367,886
2 years$723,589$710,113$697,052$684,389$672,106$628,624
3 years$477,601$464,066$451,039$438,495$426,412$384,348
4 years$354,631$341,138$328,241$315,911$304,120$263,798
5 years$280,868$267,456$254,728$242,650$231,188$192,715
6 years$231,709$218,398$205,858$194,049$182,931$146,341
7 years$196,609$183,410$171,069$159,538$148,772$114,063
8 years$170,296$157,217$145,080$133,833$123,420$90,571
9 years$149,842$136,885$124,958$113,996$103,938$72,911
10 years$133,487$120,658$108,941$98,265$88,560$59,311
11 years$120,115$107,415$95,910$85,520$76,165$48,641
12 years$108,980$96,409$85,118$75,013$66,003$40,147
13 years$99,565$87,126$76,047$66,225$57,556$33,308
14 years$91,502$79,195$68,328$58,787$50,453$27,748
15 years$84,521$72,346$61,691$52,428$44,423$23,195
16 years$78,418$66,376$55,932$46,944$39,261$19,444
17 years$73,038$61,130$50,896$42,178$34,812$16,336
18 years$68,262$56,487$46,462$38,011$30,953$13,752
19 years$63,994$52,351$42,533$34,346$27,589$11,594
20 years$60,157$48,648$39,035$31,107$24,643$9,789
21 years$56,690$45,313$35,905$28,232$22,053$8,273
22 years$53,542$42,298$33,092$25,669$19,767$6,999
23 years$50,673$39,561$30,554$23,377$17,744$5,926
24 years$48,046$37,066$28,258$21,322$15,949$5,021
25 years$45,633$34,784$26,172$19,472$14,351$4,256
26 years$43,410$32,692$24,273$17,804$12,927$3,609
27 years$41,355$30,767$22,540$16,297$11,655$3,062
28 years$39,449$28,991$20,954$14,931$10,517$2,599
29 years$37,679$27,350$19,499$13,692$9,496$2,207
30 years$36,030$25,829$18,163$12,566$8,580$1,874
31 years$34,490$24,417$16,933$11,541$7,757$1,591
32 years$33,049$23,104$15,799$10,606$7,017$1,352
33 years$31,698$21,879$14,751$9,753$6,351$1,149
34 years$30,430$20,737$13,783$8,974$5,750$976
35 years$29,236$19,669$12,886$8,261$5,208$829
36 years$28,112$18,668$12,054$7,608$4,718$705
37 years$27,050$17,731$11,283$7,010$4,277$599
38 years$26,047$16,850$10,566$6,461$3,877$509
39 years$25,098$16,023$9,899$5,958$3,516$433
40 years$24,199$15,245$9,278$5,495$3,189$368
41 years$23,345$14,511$8,700$5,070$2,893$313
42 years$22,535$13,820$8,161$4,679$2,625$266
43 years$21,764$13,168$7,658$4,319$2,383$226
44 years$21,030$12,552$7,188$3,988$2,163$192
45 years$20,331$11,969$6,750$3,683$1,963$164
46 years$19,664$11,418$6,339$3,402$1,783$139
47 years$19,028$10,896$5,956$3,143$1,619$118
48 years$18,419$10,402$5,597$2,904$1,470$101
49 years$17,838$9,933$5,261$2,684$1,335$85
50 years$17,281$9,489$4,946$2,481$1,213$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,700,000, adding $5,465 every year, while hoping to spend $20,359 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: 39/35/26 Blend
61$17,700,000$17,700,000$17,700,000$17,700,000
62$19,511,037$18,572,937$18,298,587$20,121,151
63$21,479,501$19,461,349$18,889,928$21,454,029
64$23,648,066$20,392,611$19,500,396$22,892,031
65$26,037,121$21,368,801$20,130,612$24,446,599
66$28,669,133$22,392,098$20,781,213$26,128,359
67$31,568,862$23,464,788$21,452,861$27,948,970
68$34,763,590$24,589,268$22,146,236$29,921,221
69$38,283,384$25,768,049$22,862,043$32,059,145
70$42,161,375$27,003,770$23,601,007$34,378,143
71$46,434,074$28,299,193$24,363,879$36,895,125
72$51,141,713$29,657,217$25,151,433$39,628,654
73$56,328,629$31,080,882$25,964,468$42,599,115
74$62,043,681$32,573,376$26,803,808$45,828,899
75$68,340,707$34,138,043$27,670,307$49,342,603
76$75,279,041$35,778,389$28,564,844$53,167,249
77$82,924,063$37,498,090$29,488,326$57,332,531
78$91,347,825$39,301,003$30,441,692$61,871,082
79$100,629,723$41,191,172$31,425,909$66,818,773
80$110,857,254$43,172,839$32,441,976$72,215,031
81$122,126,838$45,250,452$33,490,926$78,103,207
82$134,544,726$47,428,675$34,573,823$84,530,966
83$148,228,009$49,712,401$35,691,767$91,550,720
84$163,305,718$52,106,761$36,845,893$99,220,116
85$179,920,045$54,617,135$38,037,374$107,602,554
86$198,227,683$57,249,168$39,267,420$116,767,776
87$218,401,307$60,008,779$40,537,279$126,792,502
88$240,631,205$62,902,173$41,848,242$137,761,141
89$265,127,071$65,935,863$43,201,641$149,766,562
90$292,119,986$69,116,674$44,598,851$162,910,957
91$321,864,603$72,451,770$46,041,291$177,306,780
92$354,641,545$75,948,658$47,530,426$193,077,789
93$390,760,057$79,615,218$49,067,770$210,360,190
94$430,560,928$83,459,708$50,654,885$229,303,900
95$474,419,702$87,490,793$52,293,384$250,073,936
96$522,750,231$91,717,561$53,984,931$272,851,945
97$576,008,575$96,149,542$55,731,247$297,837,894
98$634,697,311$100,796,731$57,534,105$325,251,930
99$699,370,278$105,669,613$59,395,339$355,336,420
100$770,637,804$110,779,181$61,316,840$388,358,219