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%17.7%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,367,337
2 years$723,589$710,113$697,052$684,389$672,106$628,083
3 years$477,601$464,066$451,039$438,495$426,412$383,832
4 years$354,631$341,138$328,241$315,911$304,120$263,311
5 years$280,868$267,456$254,728$242,650$231,188$192,258
6 years$231,709$218,398$205,858$194,049$182,931$145,914
7 years$196,609$183,410$171,069$159,538$148,772$113,666
8 years$170,296$157,217$145,080$133,833$123,420$90,202
9 years$149,842$136,885$124,958$113,996$103,938$72,570
10 years$133,487$120,658$108,941$98,265$88,560$58,996
11 years$120,115$107,415$95,910$85,520$76,165$48,352
12 years$108,980$96,409$85,118$75,013$66,003$39,882
13 years$99,565$87,126$76,047$66,225$57,556$33,065
14 years$91,502$79,195$68,328$58,787$50,453$27,527
15 years$84,521$72,346$61,691$52,428$44,423$22,994
16 years$78,418$66,376$55,932$46,944$39,261$19,261
17 years$73,038$61,130$50,896$42,178$34,812$16,171
18 years$68,262$56,487$46,462$38,011$30,953$13,603
19 years$63,994$52,351$42,533$34,346$27,589$11,460
20 years$60,157$48,648$39,035$31,107$24,643$9,668
21 years$56,690$45,313$35,905$28,232$22,053$8,165
22 years$53,542$42,298$33,092$25,669$19,767$6,902
23 years$50,673$39,561$30,554$23,377$17,744$5,839
24 years$48,046$37,066$28,258$21,322$15,949$4,943
25 years$45,633$34,784$26,172$19,472$14,351$4,187
26 years$43,410$32,692$24,273$17,804$12,927$3,548
27 years$41,355$30,767$22,540$16,297$11,655$3,008
28 years$39,449$28,991$20,954$14,931$10,517$2,551
29 years$37,679$27,350$19,499$13,692$9,496$2,164
30 years$36,030$25,829$18,163$12,566$8,580$1,836
31 years$34,490$24,417$16,933$11,541$7,757$1,558
32 years$33,049$23,104$15,799$10,606$7,017$1,322
33 years$31,698$21,879$14,751$9,753$6,351$1,123
34 years$30,430$20,737$13,783$8,974$5,750$953
35 years$29,236$19,669$12,886$8,261$5,208$809
36 years$28,112$18,668$12,054$7,608$4,718$687
37 years$27,050$17,731$11,283$7,010$4,277$584
38 years$26,047$16,850$10,566$6,461$3,877$496
39 years$25,098$16,023$9,899$5,958$3,516$421
40 years$24,199$15,245$9,278$5,495$3,189$358
41 years$23,345$14,511$8,700$5,070$2,893$304
42 years$22,535$13,820$8,161$4,679$2,625$258
43 years$21,764$13,168$7,658$4,319$2,383$219
44 years$21,030$12,552$7,188$3,988$2,163$186
45 years$20,331$11,969$6,750$3,683$1,963$158
46 years$19,664$11,418$6,339$3,402$1,783$134
47 years$19,028$10,896$5,956$3,143$1,619$114
48 years$18,419$10,402$5,597$2,904$1,470$97
49 years$17,838$9,933$5,261$2,684$1,335$82
50 years$17,281$9,489$4,946$2,481$1,213$70

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 $6,906 every year, while hoping to spend $38,109 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: 62/25/13 Blend
61$17,700,000$17,700,000$17,700,000$17,700,000
62$19,512,524$18,574,424$18,300,074$20,661,017
63$21,462,253$19,444,023$18,872,578$22,301,928
64$23,609,578$20,354,955$19,462,985$24,087,384
65$25,974,613$21,309,205$20,071,852$26,035,432
66$28,579,522$22,308,855$20,699,758$28,161,839
67$31,448,730$23,356,085$21,347,297$30,483,945
68$34,609,151$24,453,185$22,015,082$33,020,821
69$38,090,444$25,602,550$22,703,747$35,793,445
70$41,925,290$26,806,696$23,413,943$38,824,894
71$46,149,704$28,068,258$24,146,344$42,140,555
72$50,803,370$29,389,999$24,901,643$45,768,362
73$55,930,023$30,774,818$25,680,557$49,739,051
74$61,577,852$32,225,751$26,483,823$54,086,442
75$67,799,963$33,745,983$27,312,201$58,847,759
76$74,654,876$35,338,853$28,166,477$64,063,964
77$82,207,079$37,007,863$29,047,459$69,780,146
78$90,527,635$38,756,682$29,955,983$76,045,933
79$99,694,854$40,589,159$30,892,909$82,915,954
80$109,795,031$42,509,330$31,859,123$90,450,347
81$120,923,263$44,521,426$32,855,542$98,715,318
82$133,184,342$46,629,881$33,883,109$107,783,757
83$146,693,748$48,839,349$34,942,797$117,735,915
84$161,578,739$51,154,706$36,035,609$128,660,153
85$177,979,549$53,581,065$37,162,581$140,653,765
86$196,050,715$56,123,789$38,324,779$153,823,887
87$215,962,533$58,788,500$39,523,304$168,288,494
88$237,902,668$61,581,093$40,759,291$184,177,505
89$262,077,924$64,507,750$42,033,911$201,633,995
90$288,716,194$67,574,953$43,348,369$220,815,534
91$318,068,618$70,789,497$44,703,911$241,895,657
92$350,411,945$74,158,510$46,101,820$265,065,495
93$386,051,151$77,689,465$47,543,420$290,535,556
94$425,322,318$81,390,199$49,030,074$318,537,703
95$468,595,804$85,268,927$50,563,190$349,327,325
96$516,279,739$89,334,268$52,144,220$383,185,727
97$568,823,881$93,595,256$53,774,661$420,422,772
98$626,723,860$98,061,366$55,456,054$461,379,787
99$690,525,854$102,742,534$57,189,993$506,432,763
100$760,831,751$107,649,178$58,978,117$555,995,887