Can I retire at age 62 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,406,917
2 years$727,677$714,125$700,990$688,256$675,903$663,327
3 years$480,299$466,688$453,587$440,972$428,821$416,538
4 years$356,634$343,065$330,095$317,696$305,839$293,944
5 years$282,455$268,967$256,167$244,021$232,494$221,023
6 years$233,018$219,632$207,021$195,145$183,964$172,931
7 years$197,720$184,447$172,036$160,440$149,612$139,022
8 years$171,259$158,105$145,900$134,589$124,118$113,970
9 years$150,688$137,659$125,664$114,640$104,525$94,816
10 years$134,242$121,339$109,556$98,821$89,061$79,785
11 years$120,794$108,021$96,452$86,004$76,595$67,746
12 years$109,596$96,954$85,598$75,437$66,376$57,945
13 years$100,128$87,618$76,477$66,599$57,881$49,858
14 years$92,019$79,643$68,715$59,119$50,738$43,114
15 years$84,998$72,755$62,040$52,724$44,674$37,437
16 years$78,861$66,751$56,248$47,209$39,483$32,621
17 years$73,451$61,475$51,184$42,417$35,008$28,511
18 years$68,648$56,806$46,724$38,226$31,128$24,982
19 years$64,355$52,647$42,774$34,540$27,745$21,938
20 years$60,497$48,922$39,256$31,283$24,782$19,301
21 years$57,010$45,569$36,108$28,391$22,177$17,010
22 years$53,845$42,537$33,279$25,814$19,879$15,012
23 years$50,959$39,784$30,727$23,510$17,844$13,265
24 years$48,317$37,275$28,417$21,442$16,039$11,735
25 years$45,891$34,981$26,320$19,582$14,433$10,391
26 years$43,655$32,876$24,411$17,905$13,000$9,208
27 years$41,588$30,941$22,667$16,389$11,721$8,167
28 years$39,672$29,155$21,072$15,016$10,576$7,248
29 years$37,892$27,505$19,610$13,770$9,550$6,436
30 years$36,233$25,975$18,266$12,637$8,629$5,718
31 years$34,684$24,555$17,028$11,606$7,801$5,082
32 years$33,235$23,234$15,888$10,666$7,057$4,519
33 years$31,877$22,003$14,835$9,809$6,386$4,020
34 years$30,602$20,854$13,861$9,025$5,782$3,577
35 years$29,401$19,780$12,959$8,308$5,237$3,183
36 years$28,271$18,774$12,122$7,651$4,745$2,834
37 years$27,203$17,831$11,346$7,050$4,301$2,524
38 years$26,195$16,946$10,625$6,498$3,899$2,248
39 years$25,240$16,114$9,955$5,991$3,536$2,002
40 years$24,335$15,331$9,331$5,526$3,207$1,784
41 years$23,477$14,593$8,749$5,099$2,909$1,589
42 years$22,662$13,898$8,207$4,705$2,640$1,417
43 years$21,887$13,242$7,701$4,344$2,396$1,262
44 years$21,149$12,623$7,229$4,011$2,175$1,125
45 years$20,446$12,037$6,788$3,704$1,974$1,003
46 years$19,775$11,483$6,375$3,421$1,793$894
47 years$19,135$10,958$5,989$3,161$1,628$797
48 years$18,524$10,461$5,628$2,921$1,478$711
49 years$17,939$9,990$5,290$2,699$1,343$634
50 years$17,379$9,542$4,974$2,495$1,220$565

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,800,000, adding $6,848 every year, while hoping to spend $25,380 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: 54/38/8 Blend
61$17,800,000$17,800,000$17,800,000$17,800,000
62$19,622,664$18,679,264$18,403,364$20,644,033
63$21,597,171$19,567,544$18,992,872$22,224,452
64$23,772,228$20,498,498$19,601,279$23,940,250
65$26,168,263$21,474,193$20,229,189$25,806,997
66$28,807,789$22,496,791$20,877,230$27,839,003
67$31,715,612$23,568,563$21,546,046$30,051,989
68$34,919,071$24,691,889$22,236,305$32,463,228
69$38,448,289$25,869,264$22,948,694$35,091,696
70$42,336,463$27,103,306$23,683,924$37,958,252
71$46,620,173$28,396,760$24,442,727$41,085,817
72$51,339,732$29,752,502$25,225,859$44,499,591
73$56,539,562$31,173,551$26,034,102$48,227,276
74$62,268,614$32,663,072$26,868,261$52,299,330
75$68,580,833$34,224,383$27,729,169$56,749,246
76$75,535,664$35,860,964$28,617,682$61,613,857
77$83,198,615$37,576,464$29,534,687$66,933,674
78$91,641,874$39,374,711$30,481,099$72,753,255
79$100,944,990$41,259,717$31,457,862$79,121,617
80$111,195,627$43,235,692$32,465,948$86,092,685
81$122,490,389$45,307,048$33,506,365$93,725,787
82$134,935,729$47,478,414$34,580,149$102,086,204
83$148,648,960$49,754,643$35,688,371$111,245,769
84$163,759,360$52,140,826$36,832,137$121,283,533
85$180,409,388$54,642,301$38,012,587$132,286,494
86$198,756,037$57,264,664$39,230,900$144,350,403
87$218,972,308$60,013,788$40,488,290$157,580,651
88$241,248,848$62,895,828$41,786,012$172,093,245
89$265,795,748$65,917,241$43,125,361$188,015,889
90$292,844,526$69,084,798$44,507,673$205,489,163
91$322,650,315$72,405,600$45,934,327$224,667,835
92$355,494,267$75,887,095$47,406,747$245,722,302
93$391,686,211$79,537,091$48,926,402$268,840,171
94$431,567,577$83,363,781$50,494,808$294,228,009
95$475,514,617$87,375,754$52,113,532$322,113,272
96$523,941,960$91,582,018$53,784,187$352,746,422
97$577,306,526$95,992,022$55,508,443$386,403,266
98$636,111,835$100,615,675$57,288,020$423,387,531
99$700,912,767$105,463,368$59,124,693$464,033,706
100$772,320,796$110,546,000$61,020,297$508,710,162