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%12%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,415,412
2 years$731,765$718,137$704,928$692,122$679,701$667,647
3 years$482,997$469,310$456,135$443,449$431,230$419,456
4 years$358,638$344,993$331,950$319,480$307,557$296,153
5 years$284,042$270,478$257,607$245,392$233,800$222,800
6 years$234,327$220,866$208,184$196,242$184,998$174,415
7 years$198,831$185,483$173,002$161,341$150,453$140,292
8 years$172,221$158,993$146,720$135,345$124,815$115,077
9 years$151,535$138,432$126,370$115,284$105,112$95,793
10 years$134,996$122,021$110,172$99,376$89,561$80,656
11 years$121,473$108,628$96,994$86,487$77,025$68,528
12 years$110,211$97,499$86,079$75,860$66,749$58,650
13 years$100,690$88,110$76,906$66,973$58,206$50,498
14 years$92,536$80,090$69,101$59,452$51,023$43,696
15 years$85,476$73,164$62,388$53,020$44,925$37,967
16 years$79,304$67,126$56,564$47,474$39,705$33,107
17 years$73,864$61,821$51,471$42,655$35,205$28,955
18 years$69,033$57,125$46,987$38,441$31,303$25,389
19 years$64,717$52,943$43,014$34,734$27,901$22,311
20 years$60,836$49,197$39,476$31,459$24,921$19,644
21 years$57,330$45,825$36,310$28,551$22,302$17,325
22 years$54,147$42,776$33,466$25,959$19,990$15,301
23 years$51,245$40,008$30,900$23,642$17,945$13,531
24 years$48,589$37,485$28,577$21,562$16,129$11,979
25 years$46,149$35,177$26,468$19,692$14,514$10,616
26 years$43,900$33,061$24,548$18,005$13,073$9,415
27 years$41,822$31,114$22,795$16,481$11,787$8,357
28 years$39,895$29,319$21,191$15,100$10,635$7,422
29 years$38,105$27,659$19,720$13,847$9,603$6,596
30 years$36,437$26,121$18,368$12,708$8,677$5,865
31 years$34,879$24,693$17,124$11,671$7,845$5,217
32 years$33,422$23,365$15,977$10,726$7,096$4,643
33 years$32,056$22,127$14,918$9,864$6,422$4,133
34 years$30,773$20,971$13,938$9,075$5,815$3,681
35 years$29,567$19,891$13,031$8,354$5,267$3,279
36 years$28,429$18,879$12,191$7,694$4,772$2,922
37 years$27,356$17,931$11,410$7,089$4,325$2,604
38 years$26,342$17,041$10,685$6,534$3,921$2,321
39 years$25,382$16,204$10,011$6,025$3,556$2,069
40 years$24,472$15,417$9,383$5,557$3,225$1,845
41 years$23,609$14,675$8,798$5,127$2,926$1,646
42 years$22,789$13,976$8,253$4,732$2,655$1,468
43 years$22,010$13,317$7,745$4,368$2,409$1,309
44 years$21,268$12,694$7,270$4,033$2,187$1,168
45 years$20,561$12,104$6,826$3,725$1,985$1,042
46 years$19,886$11,547$6,411$3,441$1,803$930
47 years$19,243$11,020$6,023$3,179$1,637$830
48 years$18,628$10,520$5,660$2,937$1,487$740
49 years$18,039$10,046$5,320$2,714$1,350$661
50 years$17,477$9,596$5,002$2,509$1,226$590

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 $2,445 every year, while hoping to spend $36,255 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: 70/5/25 Blend
61$17,900,000$17,900,000$17,900,000$17,900,000
62$19,728,322$18,779,622$18,502,172$20,983,710
63$21,702,036$19,661,248$19,083,420$22,706,033
64$23,875,853$20,584,859$19,682,924$24,586,356
65$26,270,147$21,552,474$20,301,259$26,643,931
66$28,907,365$22,566,209$20,939,014$28,896,338
67$31,812,247$23,628,283$21,596,801$31,362,935
68$35,012,050$24,741,023$22,275,249$34,065,033
69$38,536,815$25,906,869$22,975,005$37,026,102
70$42,419,642$27,128,377$23,696,739$40,271,981
71$46,697,007$28,408,230$24,441,142$43,831,128
72$51,409,107$29,749,238$25,208,925$47,734,882
73$56,600,234$31,154,349$26,000,823$52,017,754
74$62,319,199$32,626,654$26,817,592$56,717,755
75$68,619,790$34,169,392$27,660,013$61,876,749
76$75,561,278$35,785,962$28,528,893$67,540,843
77$83,208,979$37,479,924$29,425,062$73,760,825
78$91,634,870$39,255,016$30,349,376$80,592,635
79$100,918,267$41,115,152$31,302,721$88,097,891
80$111,146,575$43,064,439$32,286,006$96,344,468
81$122,416,111$45,107,182$33,300,173$105,407,135
82$134,833,016$47,247,896$34,346,191$115,368,256
83$148,514,255$49,491,314$35,425,060$126,318,564
84$163,588,722$51,842,401$36,537,812$138,358,015
85$180,198,453$54,306,360$37,685,510$151,596,724
86$198,499,973$56,888,649$38,869,252$166,156,004
87$218,665,768$59,594,991$40,090,170$182,169,505
88$240,885,916$62,431,385$41,349,430$199,784,468
89$265,369,881$65,404,124$42,648,238$219,163,115
90$292,348,488$68,519,806$43,987,833$240,484,172
91$322,076,107$71,785,349$45,369,498$263,944,553
92$354,833,047$75,208,009$46,794,554$289,761,212
93$390,928,207$78,795,391$48,264,361$318,173,184
94$430,701,993$82,555,474$49,780,326$349,443,840
95$474,529,528$86,496,623$51,343,898$383,863,362
96$522,824,192$90,627,610$52,956,571$421,751,481
97$576,041,531$94,957,635$54,619,888$463,460,483
98$634,683,550$99,496,342$56,335,437$509,378,534
99$699,303,458$104,253,848$58,104,860$559,933,332
100$770,510,885$109,240,761$59,929,847$615,596,141