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%16.3%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,398,377
2 years$735,853$722,148$708,867$695,989$683,498$646,499
3 years$485,696$471,932$458,684$445,927$433,639$397,767
4 years$360,642$346,920$333,804$321,265$309,275$274,805
5 years$285,629$271,990$259,046$246,762$235,106$202,135
6 years$235,636$222,100$209,347$197,338$186,031$154,590
7 years$199,942$186,519$173,969$162,242$151,293$121,385
8 years$173,183$159,881$147,539$136,101$125,512$97,124
9 years$152,381$139,205$127,076$115,928$105,700$78,805
10 years$135,750$122,703$110,787$99,931$90,061$64,628
11 years$122,151$109,235$97,535$86,970$77,456$53,447
12 years$110,827$98,044$86,560$76,284$67,122$44,494
13 years$101,253$88,603$77,336$67,348$58,531$37,239
14 years$93,053$80,537$69,487$59,784$51,308$31,303
15 years$85,953$73,572$62,737$53,317$45,176$26,407
16 years$79,747$67,501$56,880$47,739$39,926$22,343
17 years$74,276$62,166$51,759$42,893$35,402$18,951
18 years$69,419$57,444$47,249$38,655$31,477$16,108
19 years$65,078$53,239$43,254$34,929$28,057$13,714
20 years$61,176$49,472$39,697$31,634$25,061$11,694
21 years$57,651$46,081$36,513$28,710$22,426$9,983
22 years$54,450$43,015$33,653$26,104$20,102$8,531
23 years$51,531$40,231$31,072$23,774$18,045$7,297
24 years$48,860$37,694$28,737$21,683$16,219$6,247
25 years$46,407$35,374$26,616$19,802$14,595$5,351
26 years$44,146$33,246$24,685$18,106$13,146$4,586
27 years$42,055$31,288$22,922$16,573$11,853$3,932
28 years$40,118$29,483$21,309$15,184$10,695$3,373
29 years$38,318$27,814$19,830$13,924$9,657$2,894
30 years$36,640$26,267$18,471$12,779$8,726$2,484
31 years$35,074$24,831$17,220$11,737$7,889$2,132
32 years$33,609$23,495$16,066$10,786$7,136$1,831
33 years$32,235$22,250$15,001$9,919$6,458$1,573
34 years$30,945$21,088$14,016$9,126$5,847$1,351
35 years$29,732$20,002$13,104$8,401$5,296$1,161
36 years$28,588$18,985$12,259$7,737$4,798$997
37 years$27,509$18,031$11,474$7,129$4,349$857
38 years$26,489$17,136$10,745$6,571$3,943$737
39 years$25,524$16,295$10,067$6,059$3,575$633
40 years$24,609$15,503$9,436$5,588$3,243$544
41 years$23,741$14,757$8,848$5,156$2,942$468
42 years$22,917$14,054$8,299$4,758$2,670$402
43 years$22,133$13,391$7,788$4,392$2,423$346
44 years$21,387$12,764$7,310$4,056$2,199$297
45 years$20,676$12,172$6,864$3,745$1,997$255
46 years$19,997$11,612$6,447$3,460$1,813$220
47 years$19,350$11,081$6,057$3,196$1,646$189
48 years$18,732$10,578$5,692$2,954$1,495$162
49 years$18,140$10,102$5,350$2,730$1,358$140
50 years$17,574$9,650$5,030$2,523$1,233$120

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 $6,196 every year, while hoping to spend $53,180 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: 74/12/14 Blend
61$18,000,000$18,000,000$18,000,000$18,000,000
62$19,842,391$18,888,391$18,609,391$21,250,787
63$21,809,732$19,757,339$19,176,223$23,051,931
64$23,975,959$20,667,083$19,760,261$25,017,622
65$26,361,303$21,619,566$20,362,025$27,169,948
66$28,988,055$22,616,825$20,982,053$29,527,422
67$31,880,781$23,660,993$21,620,895$32,110,424
68$35,066,546$24,754,307$22,279,121$34,941,391
69$38,575,178$25,899,112$22,957,315$38,045,025
70$42,439,543$27,097,866$23,656,083$41,448,526
71$46,695,860$28,353,144$24,376,045$45,181,843
72$51,384,036$29,667,647$25,117,841$49,277,954
73$56,548,050$31,044,204$25,882,131$53,773,173
74$62,236,363$32,485,782$26,669,594$58,707,491
75$68,502,377$33,995,490$27,480,930$64,124,950
76$75,404,938$35,576,588$28,316,860$70,074,053
77$83,008,893$37,232,492$29,178,126$76,608,218
78$91,385,700$38,966,784$30,065,493$83,786,279
79$100,614,103$40,783,218$30,979,749$91,673,038
80$110,780,876$42,685,730$31,921,705$100,339,869
81$121,981,639$44,678,446$32,892,197$109,865,391
82$134,321,766$46,765,689$33,892,085$120,336,202
83$147,917,373$48,951,994$34,922,256$131,847,691
84$162,896,417$51,242,114$35,983,624$144,504,937
85$179,399,905$53,641,031$37,077,129$158,423,691
86$197,583,223$56,153,969$38,203,740$173,731,464
87$217,617,602$58,786,404$39,364,455$190,568,727
88$239,691,735$61,544,075$40,560,303$209,090,227
89$264,013,560$64,433,003$41,792,341$229,466,443
90$290,812,219$67,459,496$43,061,660$251,885,190
91$320,340,223$70,630,169$44,369,383$276,553,380
92$352,875,836$73,951,958$45,716,668$303,698,973
93$388,725,701$77,432,133$47,104,706$333,573,117
94$428,227,732$81,078,317$48,534,723$366,452,513
95$471,754,309$84,898,503$50,007,984$402,642,018
96$519,715,788$88,901,069$51,525,791$442,477,514
97$572,564,378$93,094,801$53,089,485$486,329,066
98$630,798,408$97,488,910$54,700,446$534,604,414
99$694,967,031$102,093,052$56,360,097$587,752,801
100$765,675,411$106,917,354$58,069,902$646,269,214