Can I retire at age 62 with 18,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,408,428
2 years$739,941$726,160$712,805$699,855$687,295$652,352
3 years$488,394$474,554$461,232$448,404$436,048$402,146
4 years$362,645$348,847$335,659$323,050$310,993$278,393
5 years$287,216$273,501$260,485$248,133$236,412$205,204
6 years$236,946$223,334$210,510$198,434$187,065$157,281
7 years$201,052$187,555$174,935$163,144$152,134$123,778
8 years$174,145$160,770$148,359$136,857$126,210$99,270
9 years$153,228$139,979$127,782$116,572$106,287$80,741
10 years$136,504$123,384$111,403$100,486$90,562$66,381
11 years$122,830$109,842$98,077$87,453$77,886$55,036
12 years$111,443$98,588$87,041$76,708$67,494$45,937
13 years$101,815$89,095$77,765$67,722$58,856$38,550
14 years$93,570$80,985$69,873$60,116$51,593$32,494
15 years$86,431$73,981$63,086$53,613$45,427$27,489
16 years$80,190$67,876$57,196$48,004$40,148$23,325
17 years$74,689$62,512$52,046$43,132$35,598$19,842
18 years$69,805$57,763$47,512$38,870$31,652$16,914
19 years$65,440$53,535$43,495$35,123$28,212$14,444
20 years$61,516$49,747$39,917$31,810$25,200$12,353
21 years$57,971$46,337$36,716$28,870$22,551$10,579
22 years$54,752$43,254$33,840$26,249$20,214$9,069
23 years$51,818$40,455$31,245$23,906$18,145$7,781
24 years$49,132$37,903$28,896$21,803$16,309$6,682
25 years$46,665$35,571$26,764$19,912$14,676$5,742
26 years$44,391$33,431$24,822$18,207$13,219$4,937
27 years$42,289$31,462$23,049$16,665$11,918$4,247
28 years$40,341$29,647$21,427$15,269$10,754$3,654
29 years$38,530$27,968$19,940$14,002$9,711$3,146
30 years$36,844$26,413$18,573$12,850$8,774$2,709
31 years$35,269$24,969$17,315$11,802$7,933$2,334
32 years$33,796$23,626$16,156$10,846$7,176$2,011
33 years$32,414$22,374$15,085$9,974$6,494$1,733
34 years$31,117$21,205$14,094$9,177$5,880$1,493
35 years$29,897$20,113$13,177$8,448$5,325$1,287
36 years$28,747$19,090$12,327$7,780$4,825$1,110
37 years$27,662$18,131$11,538$7,168$4,373$957
38 years$26,636$17,231$10,805$6,607$3,965$825
39 years$25,665$16,385$10,123$6,092$3,595$712
40 years$24,746$15,589$9,488$5,619$3,261$614
41 years$23,873$14,839$8,897$5,184$2,959$529
42 years$23,044$14,133$8,345$4,785$2,685$457
43 years$22,256$13,465$7,831$4,417$2,436$394
44 years$21,505$12,835$7,351$4,078$2,212$340
45 years$20,790$12,240$6,902$3,766$2,008$293
46 years$20,109$11,676$6,483$3,479$1,823$253
47 years$19,458$11,143$6,090$3,214$1,655$218
48 years$18,836$10,637$5,723$2,970$1,503$188
49 years$18,241$10,158$5,379$2,745$1,365$162
50 years$17,672$9,703$5,058$2,537$1,240$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,100,000, adding $3,750 every year, while hoping to spend $39,161 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: 55/26/19 Blend
61$18,100,000$18,100,000$18,100,000$18,100,000
62$19,950,068$18,990,768$18,710,218$20,945,019
63$21,943,308$19,879,649$19,295,343$22,513,878
64$24,138,546$20,810,772$19,898,758$24,216,955
65$26,556,344$21,786,167$20,521,033$26,070,706
66$29,219,362$22,807,959$21,162,758$28,089,562
67$32,152,566$23,878,378$21,824,540$30,289,382
68$35,383,472$24,999,763$22,507,006$32,687,605
69$38,942,397$26,174,562$23,210,801$35,303,400
70$42,862,751$27,405,346$23,936,593$38,157,850
71$47,181,351$28,694,807$24,685,069$41,274,138
72$51,938,767$30,045,770$25,456,936$44,677,763
73$57,179,703$31,461,195$26,252,925$48,396,773
74$62,953,425$32,944,186$27,073,791$52,462,021
75$69,314,221$34,497,997$27,920,309$56,907,451
76$76,321,913$36,126,041$28,793,281$61,770,410
77$84,042,426$37,831,895$29,693,534$67,091,994
78$92,548,405$39,619,309$30,621,919$72,917,422
79$101,919,904$41,492,217$31,579,315$79,296,460
80$112,245,140$43,454,742$32,566,628$86,283,880
81$123,621,326$45,511,206$33,584,792$93,939,966
82$136,155,590$47,666,143$34,634,770$102,331,073
83$149,965,982$49,924,307$35,717,558$111,530,242
84$165,182,594$52,290,679$36,834,177$121,617,884
85$181,948,783$54,770,487$37,985,687$132,682,519
86$200,422,527$57,369,208$39,173,175$144,821,607
87$220,777,914$60,092,589$40,397,765$158,142,450
88$243,206,787$62,946,652$41,660,616$172,763,194
89$267,920,555$65,937,714$42,962,923$188,813,934
90$295,152,189$69,072,398$44,305,918$206,437,918
91$325,158,416$72,357,650$45,690,870$225,792,897
92$358,222,151$75,800,751$47,119,091$247,052,586
93$394,655,160$79,409,338$48,591,930$270,408,295
94$434,801,009$83,191,418$50,110,782$296,070,718
95$479,038,301$87,155,387$51,677,083$324,271,899
96$527,784,256$91,310,049$53,292,313$355,267,406
97$581,498,646$95,664,637$54,958,002$389,338,725
98$640,688,136$100,228,833$56,675,723$426,795,898
99$705,911,068$105,012,788$58,447,102$467,980,422
100$777,782,731$110,027,148$60,273,813$513,268,457