Can I retire at age 62 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,412,730
2 years$735,853$722,148$708,867$695,989$683,498$660,772
3 years$485,696$471,932$458,684$445,927$433,639$411,509
4 years$360,642$346,920$333,804$321,265$309,275$287,912
5 years$285,629$271,990$259,046$246,762$235,106$214,572
6 years$235,636$222,100$209,347$197,338$186,031$166,350
7 years$199,942$186,519$173,969$162,242$151,293$132,470
8 years$173,183$159,881$147,539$136,101$125,512$107,545
9 years$152,381$139,205$127,076$115,928$105,700$88,578
10 years$135,750$122,703$110,787$99,931$90,061$73,772
11 years$122,151$109,235$97,535$86,970$77,456$61,982
12 years$110,827$98,044$86,560$76,284$67,122$52,444
13 years$101,253$88,603$77,336$67,348$58,531$44,628
14 years$93,053$80,537$69,487$59,784$51,308$38,157
15 years$85,953$73,572$62,737$53,317$45,176$32,753
16 years$79,747$67,501$56,880$47,739$39,926$28,206
17 years$74,276$62,166$51,759$42,893$35,402$24,358
18 years$69,419$57,444$47,249$38,655$31,477$21,085
19 years$65,078$53,239$43,254$34,929$28,057$18,288
20 years$61,176$49,472$39,697$31,634$25,061$15,890
21 years$57,651$46,081$36,513$28,710$22,426$13,826
22 years$54,450$43,015$33,653$26,104$20,102$12,046
23 years$51,531$40,231$31,072$23,774$18,045$10,507
24 years$48,860$37,694$28,737$21,683$16,219$9,173
25 years$46,407$35,374$26,616$19,802$14,595$8,015
26 years$44,146$33,246$24,685$18,106$13,146$7,008
27 years$42,055$31,288$22,922$16,573$11,853$6,131
28 years$40,118$29,483$21,309$15,184$10,695$5,367
29 years$38,318$27,814$19,830$13,924$9,657$4,701
30 years$36,640$26,267$18,471$12,779$8,726$4,119
31 years$35,074$24,831$17,220$11,737$7,889$3,610
32 years$33,609$23,495$16,066$10,786$7,136$3,165
33 years$32,235$22,250$15,001$9,919$6,458$2,776
34 years$30,945$21,088$14,016$9,126$5,847$2,435
35 years$29,732$20,002$13,104$8,401$5,296$2,136
36 years$28,588$18,985$12,259$7,737$4,798$1,875
37 years$27,509$18,031$11,474$7,129$4,349$1,646
38 years$26,489$17,136$10,745$6,571$3,943$1,445
39 years$25,524$16,295$10,067$6,059$3,575$1,268
40 years$24,609$15,503$9,436$5,588$3,243$1,114
41 years$23,741$14,757$8,848$5,156$2,942$978
42 years$22,917$14,054$8,299$4,758$2,670$859
43 years$22,133$13,391$7,788$4,392$2,423$754
44 years$21,387$12,764$7,310$4,056$2,199$662
45 years$20,676$12,172$6,864$3,745$1,997$582
46 years$19,997$11,612$6,447$3,460$1,813$511
47 years$19,350$11,081$6,057$3,196$1,646$449
48 years$18,732$10,578$5,692$2,954$1,495$394
49 years$18,140$10,102$5,350$2,730$1,358$347
50 years$17,574$9,650$5,030$2,523$1,233$304

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,000,000, adding $3,210 every year, while hoping to spend $40,989 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: 50/26/24 Blend
61$18,000,000$18,000,000$18,000,000$18,000,000
62$19,839,311$18,885,311$18,606,311$20,697,112
63$21,819,309$19,767,079$19,186,011$22,175,741
64$23,999,893$20,690,681$19,783,756$23,777,509
65$26,401,479$21,658,121$20,400,109$25,517,625
66$29,046,565$22,671,504$21,035,648$27,409,201
67$31,959,943$23,733,036$21,690,970$29,466,649
68$35,168,929$24,845,027$22,366,690$31,705,802
69$38,703,628$26,009,902$23,063,443$34,144,067
70$42,597,212$27,230,201$23,781,882$36,800,576
71$46,886,234$28,508,587$24,522,682$39,696,365
72$51,610,976$29,847,854$25,286,537$42,854,563
73$56,815,826$31,250,929$26,074,166$46,300,604
74$62,549,697$32,720,881$26,886,308$50,062,459
75$68,866,490$34,260,929$27,723,723$54,170,896
76$75,825,604$35,874,445$28,587,199$58,659,758
77$83,492,490$37,564,968$29,477,546$63,566,275
78$91,939,279$39,336,206$30,395,598$68,931,408
79$101,245,452$41,192,047$31,342,217$74,800,229
80$111,498,599$43,136,568$32,318,292$81,222,329
81$122,795,239$45,174,043$33,324,738$88,252,284
82$135,241,736$47,308,953$34,362,499$95,950,158
83$148,955,298$49,545,998$35,432,548$104,382,055
84$164,065,090$51,890,103$36,535,890$113,620,738
85$180,713,445$54,346,434$37,673,558$123,746,298
86$199,057,215$56,920,408$38,846,621$134,846,902
87$219,269,246$59,617,702$40,056,177$147,019,611
88$241,540,012$62,444,273$41,303,362$160,371,281
89$266,079,413$65,406,362$42,589,345$175,019,560
90$293,118,756$68,510,517$43,915,331$191,093,984
91$322,912,938$71,763,601$45,282,564$208,737,181
92$355,742,853$75,172,813$46,692,325$228,106,205
93$391,918,043$78,745,700$48,145,936$249,373,999
94$431,779,618$82,490,174$49,644,760$272,731,014
95$475,703,482$86,414,535$51,190,202$298,386,982
96$524,103,873$90,527,483$52,783,709$326,572,882
97$577,437,280$94,838,142$54,426,777$357,543,100
98$636,206,753$99,356,080$56,120,943$391,577,806
99$700,966,643$104,091,330$57,867,796$428,985,579
100$772,327,847$109,054,412$59,668,974$470,106,298