Can I retire at age 62 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,389,483
2 years$731,765$718,137$704,928$692,122$679,701$641,794
3 years$482,997$469,310$456,135$443,449$431,230$394,490
4 years$358,638$344,993$331,950$319,480$307,557$272,267
5 years$284,042$270,478$257,607$245,392$233,800$200,057
6 years$234,327$220,866$208,184$196,242$184,998$152,834
7 years$198,831$185,483$173,002$161,341$150,453$119,870
8 years$172,221$158,993$146,720$135,345$124,815$95,799
9 years$151,535$138,432$126,370$115,284$105,112$77,636
10 years$134,996$122,021$110,172$99,376$89,561$63,591
11 years$121,473$108,628$96,994$86,487$77,025$52,521
12 years$110,211$97,499$86,079$75,860$66,749$43,666
13 years$100,690$88,110$76,906$66,973$58,206$36,497
14 years$92,536$80,090$69,101$59,452$51,023$30,637
15 years$85,476$73,164$62,388$53,020$44,925$25,809
16 years$79,304$67,126$56,564$47,474$39,705$21,806
17 years$73,864$61,821$51,471$42,655$35,205$18,469
18 years$69,033$57,125$46,987$38,441$31,303$15,674
19 years$64,717$52,943$43,014$34,734$27,901$13,325
20 years$60,836$49,197$39,476$31,459$24,921$11,345
21 years$57,330$45,825$36,310$28,551$22,302$9,670
22 years$54,147$42,776$33,466$25,959$19,990$8,251
23 years$51,245$40,008$30,900$23,642$17,945$7,047
24 years$48,589$37,485$28,577$21,562$16,129$6,022
25 years$46,149$35,177$26,468$19,692$14,514$5,150
26 years$43,900$33,061$24,548$18,005$13,073$4,407
27 years$41,822$31,114$22,795$16,481$11,787$3,772
28 years$39,895$29,319$21,191$15,100$10,635$3,231
29 years$38,105$27,659$19,720$13,847$9,603$2,768
30 years$36,437$26,121$18,368$12,708$8,677$2,372
31 years$34,879$24,693$17,124$11,671$7,845$2,033
32 years$33,422$23,365$15,977$10,726$7,096$1,743
33 years$32,056$22,127$14,918$9,864$6,422$1,494
34 years$30,773$20,971$13,938$9,075$5,815$1,281
35 years$29,567$19,891$13,031$8,354$5,267$1,099
36 years$28,429$18,879$12,191$7,694$4,772$943
37 years$27,356$17,931$11,410$7,089$4,325$809
38 years$26,342$17,041$10,685$6,534$3,921$694
39 years$25,382$16,204$10,011$6,025$3,556$595
40 years$24,472$15,417$9,383$5,557$3,225$511
41 years$23,609$14,675$8,798$5,127$2,926$438
42 years$22,789$13,976$8,253$4,732$2,655$376
43 years$22,010$13,317$7,745$4,368$2,409$323
44 years$21,268$12,694$7,270$4,033$2,187$277
45 years$20,561$12,104$6,826$3,725$1,985$238
46 years$19,886$11,547$6,411$3,441$1,803$204
47 years$19,243$11,020$6,023$3,179$1,637$175
48 years$18,628$10,520$5,660$2,937$1,487$150
49 years$18,039$10,046$5,320$2,714$1,350$129
50 years$17,477$9,596$5,002$2,509$1,226$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,900,000, adding $4,310 every year, while hoping to spend $42,719 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: 76/8/16 Blend
61$17,900,000$17,900,000$17,900,000$17,900,000
62$19,730,246$18,781,546$18,504,096$21,160,074
63$21,697,278$19,656,389$19,078,530$22,980,240
64$23,863,516$20,572,667$19,670,777$24,969,459
65$26,249,233$21,532,367$20,281,386$27,149,182
66$28,876,771$22,537,568$20,910,928$29,538,387
67$31,770,745$23,590,453$21,559,988$32,157,971
68$34,958,284$24,693,308$22,229,171$35,030,947
69$38,469,280$25,848,531$22,919,099$38,182,655
70$42,336,673$27,058,636$23,630,416$41,640,999
71$46,596,762$28,326,257$24,363,782$45,436,711
72$51,289,544$29,654,156$25,119,882$49,603,635
73$56,459,098$31,045,230$25,899,418$54,179,047
74$62,153,993$32,502,514$26,703,116$59,204,000
75$68,427,754$34,029,191$27,531,724$64,723,712
76$75,339,362$35,628,597$28,386,013$70,787,990
77$82,953,810$37,304,232$29,266,778$77,451,691
78$91,342,722$39,059,763$30,174,838$84,775,246
79$100,585,023$40,899,035$31,111,039$92,825,217
80$110,767,688$42,826,080$32,076,251$101,674,932
81$121,986,558$44,845,124$33,071,371$111,405,162
82$134,347,251$46,960,599$34,097,326$122,104,889
83$147,966,153$49,177,151$35,155,070$133,872,138
84$162,971,522$51,499,652$36,245,585$146,814,897
85$179,504,692$53,933,209$37,369,887$161,052,134
86$197,721,412$56,483,179$38,529,020$176,714,915
87$217,793,316$59,155,174$39,724,062$193,947,636
88$239,909,540$61,955,084$40,956,124$212,909,380
89$264,278,511$64,889,080$42,226,352$233,775,416
90$291,129,909$67,963,636$43,535,925$256,738,845
91$320,716,843$71,185,537$44,886,061$282,012,421
92$353,318,231$74,561,898$46,278,015$309,830,550
93$389,241,442$78,100,183$47,713,079$340,451,498
94$428,825,190$81,808,212$49,192,588$374,159,823
95$472,442,735$85,694,191$50,717,916$411,269,055
96$520,505,408$89,766,720$52,290,480$452,124,645
97$573,466,489$94,034,818$53,911,740$497,107,226
98$631,825,490$98,507,944$55,583,203$546,636,191
99$696,132,870$103,196,013$57,306,420$601,173,650
100$766,995,230$108,109,425$59,082,992$661,228,780