Can I retire at age 62 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,474,461
2 years$760,381$746,220$732,495$719,188$706,281$697,474
3 years$501,886$487,663$473,973$460,791$448,094$439,482
4 years$372,663$358,484$344,931$331,974$319,584$311,234
5 years$295,150$281,056$267,681$254,988$242,943$234,879
6 years$243,491$229,503$216,326$203,916$192,232$184,465
7 years$206,606$192,736$179,768$167,650$156,336$148,869
8 years$178,956$165,211$152,457$140,638$129,696$122,530
9 years$157,461$143,846$131,311$119,792$109,223$102,355
10 years$140,275$126,793$114,480$103,262$93,063$86,491
11 years$126,223$112,876$100,787$89,869$80,038$73,756
12 years$114,521$101,312$89,446$78,827$69,359$63,363
13 years$104,628$91,556$79,914$69,593$60,482$54,766
14 years$96,155$83,222$71,803$61,776$53,018$47,576
15 years$88,818$76,025$64,828$55,094$46,682$41,505
16 years$82,405$69,751$58,776$49,330$41,257$36,339
17 years$76,752$64,238$53,484$44,323$36,582$31,915
18 years$71,733$59,359$48,824$39,944$32,527$28,103
19 years$67,248$55,013$44,696$36,093$28,992$24,802
20 years$63,216$51,121$41,020$32,689$25,896$21,933
21 years$59,572$47,617$37,730$29,667$23,174$19,429
22 years$56,265$44,449$34,774$26,974$20,772$17,237
23 years$53,249$41,572$32,108$24,566$18,646$15,312
24 years$50,489$38,951$29,694$22,406$16,760$13,618
25 years$47,954$36,553$27,503$20,462$15,081$12,124
26 years$45,617$34,354$25,508$18,710$13,585$10,804
27 years$43,457$32,331$23,686$17,125$12,248$9,635
28 years$41,455$30,466$22,019$15,690$11,051$8,598
29 years$39,595$28,741$20,491$14,388$9,979$7,678
30 years$37,862$27,143$19,086$13,205$9,017$6,861
31 years$36,243$25,659$17,794$12,128$8,152$6,133
32 years$34,729$24,278$16,602$11,146$7,374$5,485
33 years$33,310$22,992$15,501$10,249$6,673$4,907
34 years$31,977$21,791$14,483$9,430$6,042$4,392
35 years$30,723$20,669$13,541$8,681$5,473$3,932
36 years$29,541$19,618$12,667$7,995$4,958$3,521
37 years$28,426$18,632$11,856$7,366$4,494$3,154
38 years$27,372$17,707$11,103$6,790$4,074$2,826
39 years$26,374$16,838$10,402$6,261$3,695$2,532
40 years$25,429$16,020$9,750$5,774$3,351$2,270
41 years$24,532$15,249$9,142$5,328$3,040$2,035
42 years$23,681$14,523$8,576$4,917$2,759$1,824
43 years$22,871$13,837$8,047$4,539$2,504$1,636
44 years$22,099$13,190$7,554$4,191$2,273$1,467
45 years$21,365$12,578$7,093$3,870$2,063$1,315
46 years$20,664$11,999$6,662$3,575$1,873$1,180
47 years$19,995$11,450$6,259$3,303$1,701$1,058
48 years$19,356$10,931$5,881$3,052$1,545$950
49 years$18,745$10,439$5,528$2,821$1,403$852
50 years$18,160$9,971$5,197$2,607$1,274$764

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,600,000, adding $5,311 every year, while hoping to spend $56,857 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: 56/22/22 Blend
61$18,600,000$18,600,000$18,600,000$18,600,000
62$20,502,678$19,516,878$19,228,578$21,528,307
63$22,533,456$20,412,710$19,812,240$23,125,954
64$24,769,468$21,350,532$20,413,549$24,859,135
65$27,231,587$22,332,341$21,033,037$26,746,141
66$29,942,814$23,360,232$21,671,249$28,801,773
67$32,928,496$24,436,397$22,328,750$31,042,308
68$36,216,559$25,563,138$23,006,121$33,485,643
69$39,837,780$26,742,864$23,703,957$36,151,463
70$43,826,070$27,978,100$24,422,876$39,061,418
71$48,218,798$29,271,496$25,163,512$42,239,324
72$53,057,142$30,625,826$25,926,516$45,711,383
73$58,386,478$32,043,999$26,712,562$49,506,422
74$64,256,808$33,529,064$27,522,341$53,656,158
75$70,723,231$35,084,217$28,356,568$58,195,495
76$77,846,464$36,712,807$29,215,977$63,162,843
77$85,693,416$38,418,346$30,101,324$68,600,474
78$94,337,814$40,204,515$31,013,389$74,554,915
79$103,860,907$42,075,172$31,952,973$81,077,378
80$114,352,225$44,034,362$32,920,904$88,224,236
81$125,910,430$46,086,323$33,918,031$96,057,546
82$138,644,240$48,235,499$34,945,232$104,645,628
83$152,673,465$50,486,551$36,003,409$114,063,697
84$168,130,126$52,844,360$37,093,492$124,394,566
85$185,159,713$55,314,047$38,216,437$135,729,418
86$203,922,547$57,900,979$39,373,231$148,168,654
87$224,595,301$60,610,781$40,564,889$161,822,832
88$247,372,665$63,449,352$41,792,455$176,813,698
89$272,469,182$66,422,876$43,057,008$193,275,323
90$300,121,275$69,537,834$44,359,655$211,355,357
91$330,589,480$72,801,022$45,701,538$231,216,410
92$364,160,900$76,219,566$47,083,833$253,037,570
93$401,151,921$79,800,934$48,507,750$277,016,086
94$441,911,195$83,552,957$49,974,537$303,369,208
95$486,822,930$87,483,845$51,485,478$332,336,226
96$536,310,521$91,602,206$53,041,894$364,180,713
97$590,840,544$95,917,063$54,645,146$399,192,994
98$650,927,159$100,437,879$56,296,638$437,692,871
99$717,136,966$105,174,572$57,997,813$480,032,622
100$790,094,354$110,137,543$59,750,157$526,600,308