Can I retire at age 62 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,435,093
2 years$748,117$734,184$720,681$707,589$694,889$670,604
3 years$493,791$479,798$466,328$453,359$440,866$417,227
4 years$366,652$352,702$339,368$326,620$314,430$291,618
5 years$290,389$276,523$263,363$250,875$239,024$217,106
6 years$239,564$225,802$212,837$200,627$189,132$168,132
7 years$203,274$189,628$176,868$164,946$153,815$133,740
8 years$176,069$162,546$149,998$138,369$127,604$108,450
9 years$154,921$141,526$129,193$117,860$107,461$89,217
10 years$138,012$124,748$112,634$101,597$91,562$74,214
11 years$124,187$111,056$99,161$88,419$78,747$62,275
12 years$112,674$99,678$88,003$77,556$68,240$52,624
13 years$102,940$90,079$78,625$68,470$59,507$44,723
14 years$94,604$81,880$70,645$60,780$52,163$38,187
15 years$87,386$74,799$63,783$54,205$45,929$32,733
16 years$81,076$68,626$57,828$48,535$40,592$28,150
17 years$75,514$63,202$52,621$43,608$35,992$24,275
18 years$70,576$58,402$48,037$39,300$32,002$20,983
19 years$66,163$54,126$43,975$35,511$28,524$18,173
20 years$62,196$50,297$40,358$32,162$25,478$15,766
21 years$58,611$46,849$37,122$29,189$22,800$13,698
22 years$55,357$43,732$34,214$26,539$20,437$11,916
23 years$52,390$40,902$31,590$24,170$18,346$10,377
24 years$49,675$38,322$29,216$22,044$16,489$9,045
25 years$47,180$35,964$27,059$20,132$14,838$7,891
26 years$44,881$33,800$25,096$18,408$13,365$6,888
27 years$42,756$31,810$23,304$16,849$12,050$6,017
28 years$40,787$29,974$21,664$15,437$10,873$5,259
29 years$38,956$28,277$20,160$14,156$9,818$4,598
30 years$37,251$26,705$18,779$12,992$8,871$4,022
31 years$35,659$25,245$17,507$11,932$8,020$3,520
32 years$34,169$23,887$16,334$10,966$7,255$3,081
33 years$32,773$22,621$15,251$10,084$6,566$2,697
34 years$31,461$21,440$14,250$9,278$5,945$2,362
35 years$30,227$20,335$13,323$8,541$5,384$2,069
36 years$29,065$19,301$12,463$7,866$4,878$1,813
37 years$27,967$18,332$11,665$7,248$4,421$1,588
38 years$26,930$17,422$10,924$6,680$4,008$1,392
39 years$25,949$16,566$10,235$6,160$3,635$1,220
40 years$25,019$15,761$9,593$5,681$3,297$1,069
41 years$24,137$15,003$8,995$5,242$2,991$937
42 years$23,299$14,289$8,438$4,838$2,714$822
43 years$22,502$13,614$7,918$4,466$2,463$721
44 years$21,743$12,977$7,432$4,123$2,236$632
45 years$21,020$12,375$6,978$3,808$2,030$554
46 years$20,331$11,805$6,554$3,517$1,843$486
47 years$19,673$11,266$6,158$3,250$1,674$426
48 years$19,044$10,755$5,786$3,003$1,520$374
49 years$18,443$10,270$5,439$2,775$1,380$328
50 years$17,867$9,810$5,113$2,565$1,254$287

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,300,000, adding $2,725 every year, while hoping to spend $40,503 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: 42/41/17 Blend
61$18,300,000$18,300,000$18,300,000$18,300,000
62$20,169,411$19,199,511$18,915,861$20,915,957
63$22,183,596$20,097,192$19,506,447$22,341,199
64$24,401,870$21,037,502$20,115,461$23,879,417
65$26,845,008$22,022,487$20,743,476$25,544,267
66$29,535,902$23,054,292$21,391,086$27,347,370
67$32,499,778$24,135,165$22,058,900$29,301,477
68$35,764,431$25,267,465$22,747,550$31,420,578
69$39,360,494$26,453,662$23,457,684$33,720,027
70$43,321,721$27,696,347$24,189,972$36,216,679
71$47,685,306$28,998,238$24,945,106$38,929,040
72$52,492,237$30,362,181$25,723,797$41,877,429
73$57,787,680$31,791,163$26,526,779$45,084,166
74$63,621,407$33,288,314$27,354,810$48,573,766
75$70,048,265$34,856,916$28,208,671$52,373,163
76$77,128,694$36,500,410$29,089,166$56,511,953
77$84,929,294$38,222,404$29,997,127$61,022,658
78$93,523,460$40,026,679$30,933,408$65,941,027
79$102,992,069$41,917,203$31,898,894$71,306,353
80$113,424,246$43,898,132$32,894,493$77,161,835
81$124,918,206$45,973,827$33,921,146$83,554,970
82$137,582,178$48,148,859$34,979,818$90,537,988
83$151,535,427$50,428,021$36,071,509$98,168,327
84$166,909,383$52,816,337$37,197,248$106,509,160
85$183,848,880$55,319,076$38,358,095$115,629,974
86$202,513,519$57,941,765$39,555,145$125,607,207
87$223,079,182$60,690,195$40,789,526$136,524,955
88$245,739,684$63,570,440$42,062,400$148,475,741
89$270,708,610$66,588,870$43,374,969$161,561,369
90$298,221,326$69,752,162$44,728,468$175,893,866
91$328,537,202$73,067,319$46,124,173$191,596,516
92$361,942,063$76,541,684$47,563,400$208,804,999
93$398,750,883$80,182,957$49,047,503$227,668,646
94$439,310,761$83,999,209$50,577,882$248,351,828
95$484,004,196$87,998,907$52,155,978$271,035,475
96$533,252,699$92,190,929$53,783,278$295,918,758
97$587,520,771$96,584,581$55,461,315$323,220,941
98$647,320,290$101,189,626$57,191,670$353,183,417
99$713,215,341$106,016,299$58,975,972$386,071,954
100$785,827,541$111,075,333$60,815,902$422,179,176