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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,463,467
2 years$756,293$742,208$728,557$715,322$702,484$690,640
3 years$499,187$485,041$471,425$458,314$445,685$434,114
4 years$370,659$356,557$343,077$330,189$317,866$306,657
5 years$293,563$279,545$266,242$253,617$241,637$230,822
6 years$242,182$228,269$215,163$202,820$191,199$180,793
7 years$205,496$191,700$178,801$166,749$155,496$145,503
8 years$177,994$164,322$151,638$139,882$128,999$119,419
9 years$156,614$143,072$130,605$119,148$108,636$99,466
10 years$139,521$126,111$113,865$102,707$92,563$83,799
11 years$125,544$112,269$100,245$89,386$79,607$71,242
12 years$113,906$100,767$88,965$78,403$68,986$61,011
13 years$104,065$91,064$79,484$69,218$60,157$52,565
14 years$95,638$82,775$71,417$61,444$52,733$45,514
15 years$88,341$75,616$64,480$54,798$46,431$39,574
16 years$81,962$69,376$58,460$49,065$41,036$34,531
17 years$76,340$63,893$53,197$44,085$36,385$30,221
18 years$71,347$59,040$48,562$39,729$32,352$26,518
19 years$66,886$54,718$44,456$35,899$28,836$23,320
20 years$62,876$50,846$40,799$32,513$25,757$20,548
21 years$59,252$47,361$37,528$29,508$23,049$18,135
22 years$55,962$44,210$34,587$26,829$20,660$16,029
23 years$52,963$41,349$31,935$24,434$18,546$14,186
24 years$50,218$38,741$29,535$22,285$16,670$12,568
25 years$47,696$36,357$27,355$20,352$15,000$11,146
26 years$45,372$34,169$25,371$18,609$13,512$9,893
27 years$43,224$32,157$23,559$17,033$12,182$8,788
28 years$41,232$30,302$21,901$15,606$10,992$7,812
29 years$39,382$28,586$20,381$14,311$9,925$6,948
30 years$37,658$26,997$18,984$13,134$8,968$6,183
31 years$36,048$25,521$17,698$12,063$8,108$5,504
32 years$34,543$24,148$16,513$11,086$7,334$4,903
33 years$33,131$22,868$15,418$10,194$6,638$4,368
34 years$31,805$21,674$14,406$9,380$6,010$3,893
35 years$30,558$20,557$13,468$8,635$5,443$3,471
36 years$29,382$19,512$12,599$7,952$4,932$3,095
37 years$28,273$18,532$11,793$7,327$4,470$2,761
38 years$27,225$17,612$11,043$6,753$4,052$2,463
39 years$26,233$16,747$10,346$6,227$3,675$2,198
40 years$25,292$15,934$9,698$5,743$3,333$1,962
41 years$24,400$15,167$9,093$5,299$3,024$1,751
42 years$23,553$14,445$8,530$4,890$2,744$1,563
43 years$22,748$13,763$8,004$4,514$2,490$1,395
44 years$21,981$13,119$7,513$4,168$2,260$1,246
45 years$21,250$12,510$7,055$3,850$2,052$1,113
46 years$20,553$11,934$6,626$3,556$1,863$994
47 years$19,888$11,389$6,225$3,285$1,692$887
48 years$19,252$10,872$5,850$3,036$1,536$793
49 years$18,644$10,382$5,498$2,805$1,395$708
50 years$18,062$9,918$5,169$2,593$1,267$632

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 $6,330 every year, while hoping to spend $36,731 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: 67/9/24 Blend
61$18,500,000$18,500,000$18,500,000$18,500,000
62$20,393,529$19,413,029$19,126,279$21,633,697
63$22,434,588$20,325,186$19,727,928$23,379,727
64$24,682,603$21,280,808$20,348,501$25,283,773
65$27,158,646$22,281,985$20,988,594$27,365,327
66$29,885,936$23,330,910$21,648,819$29,641,892
67$32,890,058$24,429,881$22,329,811$32,132,732
68$36,199,207$25,581,308$23,032,223$34,859,054
69$39,844,452$26,787,718$23,756,728$37,844,203
70$43,860,028$28,051,759$24,504,021$41,113,880
71$48,283,664$29,376,208$25,274,819$44,696,381
72$53,156,933$30,763,977$26,069,860$48,622,859
73$58,525,648$32,218,120$26,889,908$52,927,618
74$64,440,293$33,741,837$27,735,749$57,648,429
75$70,956,501$35,338,485$28,608,195$62,826,887
76$78,135,575$37,011,582$29,508,080$68,508,794
77$86,045,073$38,764,818$30,436,270$74,744,592
78$94,759,439$40,602,063$31,393,654$81,589,834
79$104,360,710$42,527,372$32,381,149$89,105,702
80$114,939,289$44,545,000$33,399,704$97,359,580
81$126,594,797$46,659,405$34,450,295$106,425,686
82$139,437,015$48,875,265$35,533,929$116,385,767
83$153,586,920$51,197,483$36,651,645$127,329,866
84$169,177,827$53,631,201$37,804,516$139,357,167
85$186,356,645$56,181,809$38,993,647$152,576,921
86$205,285,267$58,854,962$40,220,178$167,109,477
87$226,142,096$61,656,586$41,485,286$183,087,410
88$249,123,730$64,592,899$42,790,183$200,656,763
89$274,446,817$67,670,418$44,136,121$219,978,423
90$302,350,102$70,895,979$45,524,391$241,229,628
91$333,096,678$74,276,747$46,956,324$264,605,640
92$366,976,472$77,820,240$48,433,293$290,321,572
93$404,308,978$81,534,337$49,956,714$318,614,416
94$445,446,278$85,427,304$51,528,048$349,745,271
95$490,776,362$89,507,807$53,148,802$384,001,799
96$540,726,795$93,784,933$54,820,531$421,700,928
97$595,768,745$98,268,212$56,544,836$463,191,842
98$656,421,441$102,967,638$58,323,372$508,859,259
99$723,257,067$107,893,691$60,157,843$559,127,061
100$796,906,166$113,057,361$62,050,010$614,462,276