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%11.6%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,473,225
2 years$760,381$746,220$732,495$719,188$706,281$696,231
3 years$501,886$487,663$473,973$460,791$448,094$438,270
4 years$372,663$358,484$344,931$331,974$319,584$310,062
5 years$295,150$281,056$267,681$254,988$242,943$233,751
6 years$243,491$229,503$216,326$203,916$192,232$183,382
7 years$206,606$192,736$179,768$167,650$156,336$147,832
8 years$178,956$165,211$152,457$140,638$129,696$121,538
9 years$157,461$143,846$131,311$119,792$109,223$101,408
10 years$140,275$126,793$114,480$103,262$93,063$85,589
11 years$126,223$112,876$100,787$89,869$80,038$72,898
12 years$114,521$101,312$89,446$78,827$69,359$62,547
13 years$104,628$91,556$79,914$69,593$60,482$53,992
14 years$96,155$83,222$71,803$61,776$53,018$46,842
15 years$88,818$76,025$64,828$55,094$46,682$40,810
16 years$82,405$69,751$58,776$49,330$41,257$35,682
17 years$76,752$64,238$53,484$44,323$36,582$31,294
18 years$71,733$59,359$48,824$39,944$32,527$27,518
19 years$67,248$55,013$44,696$36,093$28,992$24,252
20 years$63,216$51,121$41,020$32,689$25,896$21,415
21 years$59,572$47,617$37,730$29,667$23,174$18,942
22 years$56,265$44,449$34,774$26,974$20,772$16,780
23 years$53,249$41,572$32,108$24,566$18,646$14,884
24 years$50,489$38,951$29,694$22,406$16,760$13,217
25 years$47,954$36,553$27,503$20,462$15,081$11,749
26 years$45,617$34,354$25,508$18,710$13,585$10,453
27 years$43,457$32,331$23,686$17,125$12,248$9,307
28 years$41,455$30,466$22,019$15,690$11,051$8,293
29 years$39,595$28,741$20,491$14,388$9,979$7,394
30 years$37,862$27,143$19,086$13,205$9,017$6,595
31 years$36,243$25,659$17,794$12,128$8,152$5,886
32 years$34,729$24,278$16,602$11,146$7,374$5,256
33 years$33,310$22,992$15,501$10,249$6,673$4,694
34 years$31,977$21,791$14,483$9,430$6,042$4,194
35 years$30,723$20,669$13,541$8,681$5,473$3,749
36 years$29,541$19,618$12,667$7,995$4,958$3,352
37 years$28,426$18,632$11,856$7,366$4,494$2,997
38 years$27,372$17,707$11,103$6,790$4,074$2,681
39 years$26,374$16,838$10,402$6,261$3,695$2,398
40 years$25,429$16,020$9,750$5,774$3,351$2,146
41 years$24,532$15,249$9,142$5,328$3,040$1,920
42 years$23,681$14,523$8,576$4,917$2,759$1,719
43 years$22,871$13,837$8,047$4,539$2,504$1,538
44 years$22,099$13,190$7,554$4,191$2,273$1,377
45 years$21,365$12,578$7,093$3,870$2,063$1,233
46 years$20,664$11,999$6,662$3,575$1,873$1,104
47 years$19,995$11,450$6,259$3,303$1,701$989
48 years$19,356$10,931$5,881$3,052$1,545$885
49 years$18,745$10,439$5,528$2,821$1,403$793
50 years$18,160$9,971$5,197$2,607$1,274$710

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 $5,773 every year, while hoping to spend $35,542 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: 60/26/14 Blend
61$18,600,000$18,600,000$18,600,000$18,600,000
62$20,503,155$19,517,355$19,229,055$21,661,633
63$22,556,660$20,435,889$19,835,412$23,361,107
64$24,818,432$21,398,240$20,460,890$25,209,657
65$27,309,676$22,406,517$21,106,094$27,225,316
66$30,053,759$23,462,933$21,771,644$29,424,228
67$33,076,431$24,569,805$22,458,183$31,824,146
68$36,406,067$25,729,566$23,166,373$34,444,588
69$40,073,935$26,944,764$23,896,895$37,307,024
70$44,114,491$28,218,072$24,650,456$40,435,067
71$48,565,703$29,552,291$25,427,780$43,854,691
72$53,469,413$30,950,361$26,229,619$47,594,472
73$58,871,726$32,415,362$27,056,744$51,685,846
74$64,823,450$33,950,523$27,909,953$56,163,405
75$71,380,575$35,559,232$28,790,070$61,065,211
76$78,604,799$37,245,039$29,697,942$66,433,150
77$86,564,110$39,011,668$30,634,445$72,313,320
78$95,333,433$40,863,023$31,600,481$78,756,455
79$104,995,329$42,803,197$32,596,984$85,818,397
80$115,640,782$44,836,483$33,624,912$93,560,614
81$127,370,053$46,967,382$34,685,258$102,050,770
82$140,293,628$49,200,614$35,779,044$111,363,352
83$154,533,261$51,541,126$36,907,324$121,580,368
84$170,223,120$53,994,108$38,071,187$132,792,104
85$187,511,061$56,565,002$39,271,754$145,097,965
86$206,560,015$59,259,513$40,510,184$158,607,408
87$227,549,531$62,083,624$41,787,670$173,440,955
88$250,677,471$65,043,609$43,105,444$189,731,321
89$276,161,873$68,146,046$44,464,777$207,624,652
90$304,243,017$71,397,835$45,866,979$227,281,891
91$335,185,685$74,806,209$47,313,403$248,880,283
92$369,281,667$78,378,755$48,805,444$272,615,029
93$406,852,510$82,123,428$50,344,540$298,701,114
94$448,252,559$86,048,569$51,932,175$327,375,322
95$493,872,298$90,162,926$53,569,881$358,898,448
96$544,142,036$94,475,674$55,259,236$393,557,743
97$599,535,973$98,996,430$57,001,869$431,669,607
98$660,576,671$103,735,285$58,799,461$473,582,555
99$727,839,994$108,702,817$60,653,745$519,680,482
100$801,960,538$113,910,119$62,566,510$570,386,270