Can I retire at age 62 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,407,656
2 years$744,029$730,172$716,743$703,722$691,092$647,496
3 years$491,092$477,176$463,780$450,882$438,457$396,269
4 years$364,649$350,775$337,513$324,835$312,711$272,254
5 years$288,802$275,012$261,924$249,504$237,718$199,102
6 years$238,255$224,568$211,674$199,531$188,098$151,358
7 years$202,163$188,592$175,902$164,045$152,974$118,107
8 years$175,107$161,658$149,179$137,613$126,907$93,892
9 years$154,074$140,752$128,487$117,216$106,874$75,677
10 years$137,258$124,066$112,018$101,041$91,062$61,638
11 years$123,508$110,449$98,619$87,936$78,316$50,615
12 years$112,059$99,133$87,522$77,132$67,867$41,832
13 years$102,378$89,587$78,195$68,096$59,182$34,752
14 years$94,087$81,432$70,259$60,448$51,878$28,992
15 years$86,908$74,390$63,434$53,909$45,678$24,269
16 years$80,633$68,251$57,512$48,270$40,370$20,373
17 years$75,102$62,857$52,334$43,370$35,795$17,142
18 years$70,190$58,083$47,774$39,085$31,827$14,452
19 years$65,801$53,830$43,735$35,317$28,368$12,203
20 years$61,856$50,022$40,138$31,986$25,339$10,318
21 years$58,291$46,593$36,919$29,029$22,676$8,734
22 years$55,055$43,493$34,027$26,394$20,325$7,401
23 years$52,104$40,678$31,417$24,038$18,245$6,276
24 years$49,403$38,113$29,056$21,924$16,399$5,325
25 years$46,922$35,767$26,912$20,022$14,757$4,522
26 years$44,636$33,615$24,959$18,307$13,292$3,841
27 years$42,523$31,636$23,177$16,757$11,984$3,264
28 years$40,564$29,810$21,546$15,353$10,814$2,775
29 years$38,743$28,123$20,050$14,079$9,764$2,360
30 years$37,047$26,559$18,676$12,921$8,823$2,007
31 years$35,464$25,107$17,411$11,867$7,977$1,707
32 years$33,982$23,756$16,245$10,906$7,215$1,453
33 years$32,594$22,498$15,168$10,029$6,530$1,236
34 years$31,289$21,323$14,172$9,228$5,912$1,052
35 years$30,062$20,224$13,250$8,494$5,355$896
36 years$28,906$19,196$12,395$7,823$4,852$763
37 years$27,815$18,231$11,601$7,208$4,397$649
38 years$26,783$17,326$10,864$6,644$3,987$553
39 years$25,807$16,476$10,179$6,126$3,615$471
40 years$24,882$15,675$9,540$5,650$3,279$401
41 years$24,005$14,921$8,946$5,213$2,975$341
42 years$23,171$14,211$8,392$4,811$2,699$291
43 years$22,379$13,540$7,874$4,441$2,450$248
44 years$21,624$12,906$7,391$4,101$2,224$211
45 years$20,905$12,307$6,940$3,787$2,019$180
46 years$20,220$11,741$6,518$3,498$1,833$153
47 years$19,565$11,204$6,124$3,232$1,664$130
48 years$18,940$10,696$5,755$2,986$1,511$111
49 years$18,342$10,214$5,409$2,760$1,373$95
50 years$17,770$9,757$5,085$2,551$1,247$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,200,000, adding $4,051 every year, while hoping to spend $57,087 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: 58/25/17 Blend
61$18,200,000$18,200,000$18,200,000$18,200,000
62$20,060,579$19,095,979$18,813,879$21,135,022
63$22,046,017$19,970,941$19,383,403$22,738,562
64$24,232,058$20,886,864$19,970,094$24,479,219
65$26,639,101$21,845,693$20,574,465$26,375,494
66$29,289,626$22,849,470$21,197,047$28,442,386
67$32,208,405$23,900,331$21,838,385$30,696,383
68$35,422,734$25,000,519$22,499,043$33,155,619
69$38,962,690$26,152,381$23,179,598$35,840,036
70$42,861,417$27,358,380$23,880,647$38,771,568
71$47,155,437$28,621,096$24,602,803$41,974,343
72$51,884,994$29,943,233$25,346,700$45,474,906
73$57,094,437$31,327,625$26,112,989$49,302,458
74$62,832,635$32,777,243$26,902,338$53,489,133
75$69,153,437$34,295,202$27,715,440$58,070,287
76$76,116,185$35,884,764$28,553,005$63,084,830
77$83,786,270$37,549,352$29,415,765$68,575,583
78$92,235,750$39,292,550$30,304,473$74,589,675
79$101,544,030$41,118,119$31,219,907$81,178,983
80$111,798,613$43,029,998$32,162,865$88,400,608
81$123,095,921$45,032,318$33,134,171$96,317,407
82$135,542,211$47,129,407$34,134,671$104,998,580
83$149,254,573$49,325,805$35,165,239$114,520,310
84$164,362,038$51,626,268$36,226,774$124,966,475
85$181,006,795$54,035,784$37,320,200$136,429,426
86$199,345,532$56,559,582$38,446,471$149,010,851
87$219,550,916$59,203,141$39,606,567$162,822,721
88$241,813,221$61,972,206$40,801,498$177,988,338
89$266,342,127$64,872,801$42,032,306$194,643,481
90$293,368,695$67,911,240$43,300,060$212,937,682
91$323,147,554$71,094,143$44,605,863$233,035,617
92$355,959,296$74,428,447$45,950,852$255,118,651
93$392,113,133$77,921,430$47,336,194$279,386,533
94$431,949,810$81,580,717$48,763,094$306,059,264
95$475,844,823$85,414,306$50,232,790$335,379,164
96$524,211,967$89,430,578$51,746,560$367,613,135
97$577,507,234$93,638,323$53,305,717$403,055,166
98$636,233,127$98,046,756$54,911,613$442,029,090
99$700,943,396$102,665,537$56,565,642$484,891,622
100$772,248,268$107,504,794$58,269,237$532,035,703