Can I retire at age 62 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,476,821
2 years$764,470$750,232$736,434$723,055$710,078$695,629
3 years$504,584$490,285$476,521$463,268$450,503$436,396
4 years$374,667$360,411$346,785$333,759$321,302$307,647
5 years$296,736$282,567$269,120$256,359$244,249$231,085
6 years$244,800$230,737$217,489$205,012$193,266$180,609
7 years$207,717$193,773$180,734$168,552$157,177$145,033
8 years$179,918$166,099$153,277$141,394$130,393$118,762
9 years$158,307$144,619$132,017$120,436$109,810$98,687
10 years$141,029$127,475$115,096$103,817$93,564$82,943
11 years$126,902$113,483$101,328$90,352$80,468$70,340
12 years$115,137$101,856$89,926$79,251$69,732$60,088
13 years$105,190$92,048$80,343$69,967$60,807$51,636
14 years$96,672$83,669$72,189$62,109$53,303$44,592
15 years$89,296$76,434$65,177$55,390$46,933$38,668
16 years$82,848$70,126$59,092$49,596$41,479$33,648
17 years$77,165$64,584$53,772$44,561$36,778$29,367
18 years$72,119$59,678$49,087$40,159$32,702$25,695
19 years$67,609$55,309$44,936$36,287$29,148$22,532
20 years$63,555$51,396$41,240$32,865$26,035$19,795
21 years$59,893$47,873$37,933$29,827$23,299$17,419
22 years$56,567$44,688$34,961$27,119$20,884$15,350
23 years$53,535$41,796$32,281$24,698$18,747$13,543
24 years$50,760$39,160$29,854$22,526$16,850$11,962
25 years$48,211$36,750$27,651$20,572$15,162$10,576
26 years$45,862$34,539$25,645$18,810$13,658$9,358
27 years$43,691$32,505$23,813$17,217$12,314$8,286
28 years$41,678$30,629$22,138$15,775$11,111$7,342
29 years$39,808$28,895$20,601$14,466$10,033$6,509
30 years$38,065$27,288$19,189$13,276$9,065$5,773
31 years$36,438$25,797$17,889$12,193$8,196$5,123
32 years$34,916$24,409$16,691$11,206$7,414$4,548
33 years$33,489$23,116$15,585$10,305$6,709$4,039
34 years$32,149$21,908$14,561$9,481$6,075$3,588
35 years$30,888$20,780$13,614$8,728$5,502$3,188
36 years$29,700$19,723$12,735$8,038$4,985$2,833
37 years$28,579$18,732$11,920$7,406$4,518$2,519
38 years$27,519$17,802$11,163$6,826$4,096$2,239
39 years$26,516$16,928$10,458$6,294$3,714$1,991
40 years$25,566$16,106$9,802$5,806$3,369$1,771
41 years$24,664$15,331$9,192$5,356$3,057$1,575
42 years$23,808$14,601$8,622$4,943$2,774$1,402
43 years$22,993$13,912$8,091$4,563$2,517$1,247
44 years$22,218$13,261$7,594$4,213$2,285$1,110
45 years$21,480$12,645$7,131$3,891$2,074$987
46 years$20,775$12,063$6,698$3,594$1,883$879
47 years$20,103$11,512$6,292$3,321$1,710$782
48 years$19,460$10,990$5,913$3,068$1,553$696
49 years$18,846$10,495$5,558$2,836$1,410$620
50 years$18,258$10,025$5,225$2,621$1,281$552

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,700,000, adding $4,605 every year, while hoping to spend $25,969 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: 69/10/21 Blend
61$18,700,000$18,700,000$18,700,000$18,700,000
62$20,612,150$19,621,050$19,331,200$21,926,471
63$22,686,959$20,554,851$19,951,164$23,739,289
64$24,972,527$21,533,537$20,591,027$25,718,798
65$27,490,326$22,559,282$21,251,428$27,884,286
66$30,264,014$23,634,361$21,933,025$30,254,126
67$33,319,663$24,761,165$22,636,502$32,848,540
68$36,686,003$25,942,196$23,362,559$35,689,788
69$40,394,694$27,180,082$24,111,923$38,802,378
70$44,480,622$28,477,575$24,885,342$42,213,289
71$48,982,234$29,837,565$25,683,589$45,952,224
72$53,941,894$31,263,078$26,507,462$50,051,888
73$59,406,290$32,757,291$27,357,784$54,548,293
74$65,426,867$34,323,534$28,235,405$59,481,090
75$72,060,318$35,965,298$29,141,202$64,893,945
76$79,369,119$37,686,246$30,076,081$70,834,944
77$87,422,115$39,490,218$31,040,975$77,357,040
78$96,295,172$41,381,241$32,036,850$84,518,555
79$106,071,896$43,363,537$33,064,700$92,383,717
80$116,844,416$45,441,537$34,125,554$101,023,268
81$128,714,259$47,619,885$35,220,472$110,515,124
82$141,793,304$49,903,450$36,350,549$120,945,106
83$156,204,843$52,297,341$37,516,914$132,407,742
84$172,084,740$54,806,914$38,720,734$145,007,157
85$189,582,718$57,437,787$39,963,213$158,858,046
86$208,863,767$60,195,850$41,245,593$174,086,754
87$230,109,707$63,087,283$42,569,156$190,832,459
88$253,520,901$66,118,563$43,935,226$209,248,480
89$279,318,146$69,296,487$45,345,170$229,503,717
90$307,744,762$72,628,179$46,800,398$251,784,237
91$339,068,881$76,121,113$48,302,365$276,295,024
92$373,585,986$79,783,127$49,852,573$303,261,906
93$411,621,697$83,622,441$51,452,575$332,933,676
94$453,534,843$87,647,673$53,103,969$365,584,433
95$499,720,853$91,867,866$54,808,408$401,516,161
96$550,615,489$96,292,500$56,567,599$441,061,567
97$606,698,955$100,931,519$58,383,300$484,587,216
98$668,500,437$105,795,351$60,257,328$532,496,978
99$736,603,092$110,894,934$62,191,560$585,235,829
100$811,649,560$116,241,739$64,187,929$643,294,044