Can I retire at age 62 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,418,572
2 years$752,205$738,196$724,619$711,455$698,687$650,124
3 years$496,489$482,419$468,877$455,836$443,275$396,346
4 years$368,656$354,629$341,222$328,404$316,148$271,210
5 years$291,976$278,034$264,802$252,246$240,331$197,504
6 years$240,873$227,035$214,000$201,723$190,165$149,486
7 years$204,385$190,664$177,835$165,848$154,655$116,116
8 years$177,031$163,434$150,818$139,126$128,302$91,875
9 years$155,768$142,299$129,899$118,504$108,048$73,690
10 years$138,767$125,430$113,249$102,152$92,063$59,719
11 years$124,866$111,663$99,703$88,903$79,177$48,786
12 years$113,290$100,222$88,484$77,980$68,613$40,107
13 years$103,503$90,572$79,054$68,844$59,832$33,139
14 years$95,121$82,327$71,031$61,112$52,448$27,493
15 years$87,863$75,207$64,131$54,501$46,180$22,885
16 years$81,519$69,001$58,144$48,800$40,814$19,100
17 years$75,927$63,548$52,909$43,846$36,188$15,977
18 years$70,962$58,721$48,299$39,514$32,177$13,390
19 years$66,524$54,422$44,216$35,705$28,680$11,238
20 years$62,536$50,571$40,579$32,337$25,617$9,444
21 years$58,932$47,105$37,325$29,348$22,925$7,945
22 years$55,660$43,971$34,400$26,684$20,549$6,690
23 years$52,677$41,125$31,763$24,302$18,446$5,638
24 years$49,946$38,532$29,375$22,165$16,580$4,754
25 years$47,438$36,160$27,207$20,242$14,919$4,010
26 years$45,127$33,985$25,233$18,508$13,439$3,385
27 years$42,990$31,984$23,431$16,941$12,116$2,858
28 years$41,010$30,138$21,783$15,522$10,932$2,414
29 years$39,169$28,432$20,270$14,234$9,872$2,039
30 years$37,454$26,851$18,881$13,063$8,920$1,723
31 years$35,854$25,383$17,602$11,997$8,064$1,456
32 years$34,356$24,017$16,423$11,026$7,295$1,231
33 years$32,952$22,745$15,335$10,139$6,602$1,041
34 years$31,633$21,557$14,328$9,329$5,977$880
35 years$30,392$20,446$13,395$8,588$5,414$744
36 years$29,223$19,407$12,531$7,909$4,905$629
37 years$28,120$18,432$11,729$7,287$4,446$532
38 years$27,078$17,517$10,984$6,717$4,030$450
39 years$26,091$16,657$10,290$6,193$3,655$381
40 years$25,156$15,848$9,645$5,712$3,315$322
41 years$24,269$15,085$9,044$5,270$3,008$272
42 years$23,426$14,367$8,484$4,864$2,729$230
43 years$22,625$13,689$7,961$4,490$2,477$195
44 years$21,862$13,048$7,473$4,146$2,248$165
45 years$21,135$12,443$7,017$3,829$2,041$139
46 years$20,442$11,870$6,590$3,537$1,853$118
47 years$19,780$11,327$6,191$3,267$1,683$100
48 years$19,148$10,813$5,818$3,019$1,528$84
49 years$18,543$10,326$5,469$2,790$1,388$71
50 years$17,965$9,864$5,141$2,579$1,261$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,400,000, adding $6,930 every year, while hoping to spend $39,378 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: 72/10/18 Blend
61$18,400,000$18,400,000$18,400,000$18,400,000
62$20,283,948$19,308,748$19,023,548$21,657,931
63$22,311,013$20,212,979$19,618,939$23,476,038
64$24,543,519$21,160,197$20,232,956$25,461,097
65$27,002,379$22,152,468$20,866,181$27,634,058
66$29,710,638$23,191,956$21,519,215$30,013,544
67$32,693,691$24,280,930$22,192,677$32,620,058
68$35,979,522$25,421,770$22,887,206$35,476,170
69$39,598,966$26,616,969$23,603,460$38,606,733
70$43,586,004$27,869,144$24,342,119$42,039,109
71$47,978,080$29,181,036$25,103,884$45,803,424
72$52,816,456$30,555,518$25,889,476$49,932,855
73$58,146,602$31,995,606$26,699,641$54,463,934
74$64,018,623$33,504,458$27,535,146$59,436,890
75$70,487,734$35,085,388$28,396,785$64,896,028
76$77,614,780$36,741,869$29,285,374$70,890,141
77$85,466,808$38,477,542$30,201,755$77,472,968
78$94,117,707$40,296,225$31,146,798$84,703,695
79$103,648,895$42,201,922$32,121,398$92,647,511
80$114,150,097$44,198,831$33,126,479$101,376,218
81$125,720,185$46,291,352$34,162,995$110,968,906
82$138,468,116$48,484,101$35,231,927$121,512,692
83$152,513,957$50,781,915$36,334,290$133,103,538
84$167,990,020$53,189,867$37,471,127$145,847,152
85$185,042,109$55,713,278$38,643,518$159,859,981
86$203,830,901$58,357,725$39,852,572$175,270,303
87$224,533,456$61,129,057$41,099,436$192,219,432
88$247,344,893$64,033,406$42,385,292$210,863,048
89$272,480,231$67,077,201$43,711,358$231,372,654
90$300,176,418$70,267,187$45,078,892$253,937,198
91$330,694,567$73,610,434$46,489,189$278,764,839
92$364,322,421$77,114,354$47,943,586$306,084,912
93$401,377,073$80,786,722$49,443,460$336,150,082
94$442,207,953$84,635,689$50,990,234$369,238,720
95$487,200,130$88,669,805$52,585,374$405,657,527
96$536,777,949$92,898,031$54,230,390$445,744,416
97$591,409,033$97,329,767$55,926,841$489,871,693
98$651,608,699$101,974,871$57,676,335$538,449,565
99$717,944,824$106,843,676$59,480,529$591,930,002
100$791,043,202$111,947,023$61,341,133$650,810,988