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

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,432,423
2 years$739,941$726,160$712,805$699,855$687,295$676,309
3 years$488,394$474,554$461,232$448,404$436,048$425,313
4 years$362,645$348,847$335,659$323,050$310,993$300,592
5 years$287,216$273,501$260,485$248,133$236,412$226,375
6 years$236,946$223,334$210,510$198,434$187,065$177,405
7 years$201,052$187,555$174,935$163,144$152,134$142,855
8 years$174,145$160,770$148,359$136,857$126,210$117,313
9 years$153,228$139,979$127,782$116,572$106,287$97,769
10 years$136,504$123,384$111,403$100,486$90,562$82,418
11 years$122,830$109,842$98,077$87,453$77,886$70,111
12 years$111,443$98,588$87,041$76,708$67,494$60,081
13 years$101,815$89,095$77,765$67,722$58,856$51,796
14 years$93,570$80,985$69,873$60,116$51,593$44,878
15 years$86,431$73,981$63,086$53,613$45,427$39,047
16 years$80,190$67,876$57,196$48,004$40,148$34,095
17 years$74,689$62,512$52,046$43,132$35,598$29,860
18 years$69,805$57,763$47,512$38,870$31,652$26,220
19 years$65,440$53,535$43,495$35,123$28,212$23,075
20 years$61,516$49,747$39,917$31,810$25,200$20,346
21 years$57,971$46,337$36,716$28,870$22,551$17,970
22 years$54,752$43,254$33,840$26,249$20,214$15,895
23 years$51,818$40,455$31,245$23,906$18,145$14,078
24 years$49,132$37,903$28,896$21,803$16,309$12,482
25 years$46,665$35,571$26,764$19,912$14,676$11,078
26 years$44,391$33,431$24,822$18,207$13,219$9,841
27 years$42,289$31,462$23,049$16,665$11,918$8,749
28 years$40,341$29,647$21,427$15,269$10,754$7,783
29 years$38,530$27,968$19,940$14,002$9,711$6,928
30 years$36,844$26,413$18,573$12,850$8,774$6,170
31 years$35,269$24,969$17,315$11,802$7,933$5,497
32 years$33,796$23,626$16,156$10,846$7,176$4,900
33 years$32,414$22,374$15,085$9,974$6,494$4,370
34 years$31,117$21,205$14,094$9,177$5,880$3,898
35 years$29,897$20,113$13,177$8,448$5,325$3,478
36 years$28,747$19,090$12,327$7,780$4,825$3,104
37 years$27,662$18,131$11,538$7,168$4,373$2,771
38 years$26,636$17,231$10,805$6,607$3,965$2,474
39 years$25,665$16,385$10,123$6,092$3,595$2,210
40 years$24,746$15,589$9,488$5,619$3,261$1,974
41 years$23,873$14,839$8,897$5,184$2,959$1,763
42 years$23,044$14,133$8,345$4,785$2,685$1,576
43 years$22,256$13,465$7,831$4,417$2,436$1,408
44 years$21,505$12,835$7,351$4,078$2,212$1,258
45 years$20,790$12,240$6,902$3,766$2,008$1,124
46 years$20,109$11,676$6,483$3,479$1,823$1,005
47 years$19,458$11,143$6,090$3,214$1,655$898
48 years$18,836$10,637$5,723$2,970$1,503$803
49 years$18,241$10,158$5,379$2,745$1,365$718
50 years$17,672$9,703$5,058$2,537$1,240$642

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 $4,887 every year, while hoping to spend $36,293 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: 34/50/16 Blend
61$18,100,000$18,100,000$18,100,000$18,100,000
62$19,951,241$18,991,941$18,711,391$20,530,394
63$21,947,652$19,883,931$19,299,607$21,846,343
64$24,146,481$20,818,411$19,906,312$23,260,739
65$26,568,335$21,797,427$20,532,087$24,785,212
66$29,235,925$22,823,120$21,177,531$26,429,494
67$32,174,273$23,897,737$21,843,263$28,204,243
68$35,410,956$25,023,633$22,529,919$30,121,130
69$38,976,360$26,203,278$23,238,158$32,192,946
70$42,903,971$27,439,260$23,968,658$34,433,706
71$47,230,686$28,734,294$24,722,118$36,858,774
72$51,997,167$30,091,226$25,499,261$39,484,999
73$57,248,222$31,513,040$26,300,829$42,330,857
74$63,033,225$33,002,863$27,127,591$45,416,614
75$69,406,587$34,563,977$27,980,339$48,764,511
76$76,428,268$36,199,821$28,859,890$52,398,951
77$84,164,340$37,914,000$29,767,084$56,346,721
78$92,687,613$39,710,297$30,702,792$60,637,228
79$102,078,324$41,592,675$31,667,910$65,302,764
80$112,424,889$43,565,292$32,663,360$70,378,789
81$123,824,742$45,632,507$33,690,098$75,904,254
82$136,385,255$47,798,889$34,749,105$81,921,949
83$150,224,747$50,069,231$35,841,397$88,478,887
84$165,473,606$52,448,558$36,968,018$95,626,731
85$182,275,516$54,942,138$38,130,049$103,422,257
86$200,788,813$57,555,498$39,328,600$111,927,875
87$221,187,985$60,294,430$40,564,821$121,212,188
88$243,665,312$63,165,010$41,839,895$131,350,623
89$268,432,684$66,173,606$43,155,042$142,426,114
90$295,723,605$69,326,899$44,511,522$154,529,862
91$325,795,388$72,631,893$45,910,635$167,762,166
92$358,931,596$76,095,934$47,353,718$182,233,345
93$395,444,706$79,726,722$48,842,155$198,064,746
94$435,679,069$83,532,335$50,377,371$215,389,863
95$480,014,156$87,521,241$51,960,835$234,355,562
96$528,868,140$91,702,322$53,594,063$255,123,432
97$582,701,846$96,084,891$55,278,619$277,871,279
98$642,023,097$100,678,714$57,016,116$302,794,764
99$707,391,515$105,494,033$58,808,218$330,109,212
100$779,423,797$110,541,588$60,656,641$360,051,604