Can I retire at age 62 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,429,138
2 years$756,293$742,208$728,557$715,322$702,484$656,471
3 years$499,187$485,041$471,425$458,314$445,685$401,181
4 years$370,659$356,557$343,077$330,189$317,866$275,212
5 years$293,563$279,545$266,242$253,617$241,637$200,947
6 years$242,182$228,269$215,163$202,820$191,199$152,509
7 years$205,496$191,700$178,801$166,749$155,496$118,803
8 years$177,994$164,322$151,638$139,882$128,999$94,279
9 years$156,614$143,072$130,605$119,148$108,636$75,850
10 years$139,521$126,111$113,865$102,707$92,563$61,663
11 years$125,544$112,269$100,245$89,386$79,607$50,537
12 years$113,906$100,767$88,965$78,403$68,986$41,685
13 years$104,065$91,064$79,484$69,218$60,157$34,560
14 years$95,638$82,775$71,417$61,444$52,733$28,771
15 years$88,341$75,616$64,480$54,798$46,431$24,034
16 years$81,962$69,376$58,460$49,065$41,036$20,132
17 years$76,340$63,893$53,197$44,085$36,385$16,902
18 years$71,347$59,040$48,562$39,729$32,352$14,217
19 years$66,886$54,718$44,456$35,899$28,836$11,978
20 years$62,876$50,846$40,799$32,513$25,757$10,105
21 years$59,252$47,361$37,528$29,508$23,049$8,534
22 years$55,962$44,210$34,587$26,829$20,660$7,214
23 years$52,963$41,349$31,935$24,434$18,546$6,103
24 years$50,218$38,741$29,535$22,285$16,670$5,166
25 years$47,696$36,357$27,355$20,352$15,000$4,376
26 years$45,372$34,169$25,371$18,609$13,512$3,708
27 years$43,224$32,157$23,559$17,033$12,182$3,144
28 years$41,232$30,302$21,901$15,606$10,992$2,666
29 years$39,382$28,586$20,381$14,311$9,925$2,261
30 years$37,658$26,997$18,984$13,134$8,968$1,919
31 years$36,048$25,521$17,698$12,063$8,108$1,628
32 years$34,543$24,148$16,513$11,086$7,334$1,382
33 years$33,131$22,868$15,418$10,194$6,638$1,173
34 years$31,805$21,674$14,406$9,380$6,010$996
35 years$30,558$20,557$13,468$8,635$5,443$846
36 years$29,382$19,512$12,599$7,952$4,932$718
37 years$28,273$18,532$11,793$7,327$4,470$610
38 years$27,225$17,612$11,043$6,753$4,052$518
39 years$26,233$16,747$10,346$6,227$3,675$440
40 years$25,292$15,934$9,698$5,743$3,333$374
41 years$24,400$15,167$9,093$5,299$3,024$318
42 years$23,553$14,445$8,530$4,890$2,744$270
43 years$22,748$13,763$8,004$4,514$2,490$229
44 years$21,981$13,119$7,513$4,168$2,260$195
45 years$21,250$12,510$7,055$3,850$2,052$165
46 years$20,553$11,934$6,626$3,556$1,863$140
47 years$19,888$11,389$6,225$3,285$1,692$119
48 years$19,252$10,872$5,850$3,036$1,536$101
49 years$18,644$10,382$5,498$2,805$1,395$86
50 years$18,062$9,918$5,169$2,593$1,267$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,500,000, adding $5,753 every year, while hoping to spend $52,968 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: 41/29/30 Blend
61$18,500,000$18,500,000$18,500,000$18,500,000
62$20,392,934$19,412,434$19,125,684$21,048,918
63$22,416,656$20,307,286$19,710,037$22,420,794
64$24,645,022$21,244,210$20,312,191$23,899,451
65$27,098,850$22,225,212$20,932,685$25,499,076
66$29,801,080$23,252,395$21,572,077$27,230,845
67$32,776,989$24,327,961$22,230,940$29,107,027
68$36,054,431$25,454,220$22,909,866$31,141,094
69$39,664,099$26,633,593$23,609,462$33,347,838
70$43,639,815$27,868,617$24,330,357$35,743,507
71$48,018,848$29,161,951$25,073,196$38,345,950
72$52,842,267$30,516,383$25,838,645$41,174,777
73$58,155,328$31,934,836$26,627,389$44,251,537
74$64,007,901$33,420,372$27,440,136$47,599,914
75$70,454,939$34,976,202$28,277,613$51,245,938
76$77,556,999$36,605,693$29,140,569$55,218,228
77$85,380,813$38,312,371$30,029,778$59,548,247
78$93,999,915$40,099,937$30,946,034$64,270,591
79$103,495,338$41,972,266$31,890,159$69,423,307
80$113,956,379$43,933,423$32,862,995$75,048,239
81$125,481,438$45,987,670$33,865,414$81,191,412
82$138,178,951$48,139,471$34,898,312$87,903,457
83$152,168,410$50,393,512$35,962,611$95,240,074
84$167,581,493$52,754,698$37,059,264$103,262,545
85$184,563,305$55,228,179$38,189,249$112,038,301
86$203,273,750$57,819,347$39,353,577$121,641,546
87$223,889,037$60,533,860$40,553,286$132,153,936
88$246,603,347$63,377,647$41,789,449$143,665,343
89$271,630,661$66,356,925$43,063,169$156,274,682
90$299,206,785$69,478,211$44,375,582$170,090,829
91$329,591,573$72,748,339$45,727,859$185,233,634
92$363,071,378$76,174,472$47,121,207$201,835,031
93$399,961,760$79,764,122$48,556,869$220,040,266
94$440,610,459$83,525,164$50,036,124$240,009,248
95$485,400,683$87,465,854$51,560,290$261,918,039
96$534,754,720$91,594,848$53,130,727$285,960,492
97$589,137,928$95,921,222$54,748,834$312,350,060
98$649,063,128$100,454,493$56,416,051$341,321,787
99$715,095,442$105,204,638$58,133,864$373,134,504
100$787,857,630$110,182,119$59,903,801$408,073,242