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

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,413,416
2 years$727,677$714,125$700,990$688,256$675,903$669,865
3 years$480,299$466,688$453,587$440,972$428,821$422,913
4 years$356,634$343,065$330,095$317,696$305,839$300,105
5 years$282,455$268,967$256,167$244,021$232,494$226,953
6 years$233,018$219,632$207,021$195,145$183,964$178,623
7 years$197,720$184,447$172,036$160,440$149,612$144,473
8 years$171,259$158,105$145,900$134,589$124,118$119,181
9 years$150,688$137,659$125,664$114,640$104,525$99,790
10 years$134,242$121,339$109,556$98,821$89,061$84,524
11 years$120,794$108,021$96,452$86,004$76,595$72,255
12 years$109,596$96,954$85,598$75,437$66,376$62,229
13 years$100,128$87,618$76,477$66,599$57,881$53,923
14 years$92,019$79,643$68,715$59,119$50,738$46,965
15 years$84,998$72,755$62,040$52,724$44,674$41,081
16 years$78,861$66,751$56,248$47,209$39,483$36,066
17 years$73,451$61,475$51,184$42,417$35,008$31,762
18 years$68,648$56,806$46,724$38,226$31,128$28,046
19 years$64,355$52,647$42,774$34,540$27,745$24,823
20 years$60,497$48,922$39,256$31,283$24,782$22,015
21 years$57,010$45,569$36,108$28,391$22,177$19,559
22 years$53,845$42,537$33,279$25,814$19,879$17,404
23 years$50,959$39,784$30,727$23,510$17,844$15,507
24 years$48,317$37,275$28,417$21,442$16,039$13,833
25 years$45,891$34,981$26,320$19,582$14,433$12,354
26 years$43,655$32,876$24,411$17,905$13,000$11,042
27 years$41,588$30,941$22,667$16,389$11,721$9,879
28 years$39,672$29,155$21,072$15,016$10,576$8,844
29 years$37,892$27,505$19,610$13,770$9,550$7,923
30 years$36,233$25,975$18,266$12,637$8,629$7,102
31 years$34,684$24,555$17,028$11,606$7,801$6,369
32 years$33,235$23,234$15,888$10,666$7,057$5,715
33 years$31,877$22,003$14,835$9,809$6,386$5,130
34 years$30,602$20,854$13,861$9,025$5,782$4,606
35 years$29,401$19,780$12,959$8,308$5,237$4,138
36 years$28,271$18,774$12,122$7,651$4,745$3,718
37 years$27,203$17,831$11,346$7,050$4,301$3,342
38 years$26,195$16,946$10,625$6,498$3,899$3,004
39 years$25,240$16,114$9,955$5,991$3,536$2,701
40 years$24,335$15,331$9,331$5,526$3,207$2,429
41 years$23,477$14,593$8,749$5,099$2,909$2,185
42 years$22,662$13,898$8,207$4,705$2,640$1,966
43 years$21,887$13,242$7,701$4,344$2,396$1,769
44 years$21,149$12,623$7,229$4,011$2,175$1,592
45 years$20,446$12,037$6,788$3,704$1,974$1,433
46 years$19,775$11,483$6,375$3,421$1,793$1,289
47 years$19,135$10,958$5,989$3,161$1,628$1,161
48 years$18,524$10,461$5,628$2,921$1,478$1,045
49 years$17,939$9,990$5,290$2,699$1,343$941
50 years$17,379$9,542$4,974$2,495$1,220$847

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 $4,745 every year, while hoping to spend $59,695 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: 37/50/13 Blend
61$17,800,000$17,800,000$17,800,000$17,800,000
62$19,620,494$18,677,094$18,401,194$20,268,163
63$21,558,270$19,528,757$18,954,119$21,583,813
64$23,691,698$20,420,150$19,523,567$22,997,874
65$26,040,671$21,353,158$20,110,027$24,523,938
66$28,627,112$22,329,755$20,714,004$26,172,047
67$31,475,173$23,352,009$21,336,019$27,953,205
68$34,611,472$24,422,088$21,976,607$29,879,473
69$38,065,336$25,542,265$22,636,318$31,964,076
70$41,869,085$26,714,921$23,315,719$34,221,516
71$46,058,331$27,942,551$24,015,395$36,667,701
72$50,672,315$29,227,771$24,735,945$39,320,085
73$55,754,281$30,573,321$25,477,990$42,197,821
74$61,351,880$31,982,076$26,242,164$45,321,930
75$67,517,619$33,457,045$27,029,124$48,715,489
76$74,309,361$35,001,385$27,839,544$52,403,837
77$81,790,866$36,618,403$28,674,119$56,414,801
78$90,032,396$38,311,567$29,533,564$60,778,943
79$99,111,377$40,084,509$30,418,615$65,529,838
80$109,113,127$41,941,040$31,330,028$70,704,374
81$120,131,666$43,885,151$32,268,584$76,343,085
82$132,270,600$45,921,027$33,235,085$82,490,518
83$145,644,098$48,053,055$34,230,357$89,195,636
84$160,377,972$50,285,831$35,255,251$96,512,265
85$176,610,865$52,624,176$36,310,641$104,499,579
86$194,495,554$55,073,142$37,397,429$113,222,643
87$214,200,398$57,638,023$38,516,541$122,753,007
88$235,910,926$60,324,373$39,668,931$133,169,358
89$259,831,582$63,138,009$40,855,582$144,558,241
90$286,187,664$66,085,033$42,077,505$157,014,853
91$315,227,445$69,171,838$43,335,740$170,643,921
92$347,224,515$72,405,129$44,631,359$185,560,657
93$382,480,368$75,791,933$45,965,462$201,891,829
94$421,327,245$79,339,617$47,339,184$219,776,919
95$464,131,271$83,055,906$48,753,694$239,369,421
96$511,295,910$86,948,894$50,210,192$260,838,251
97$563,265,775$91,027,072$51,709,915$284,369,313
98$620,530,823$95,299,337$53,254,136$310,167,223
99$683,630,981$99,775,019$54,844,164$338,457,200
100$753,161,245$104,463,899$56,481,348$369,487,158