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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,474,978
2 years$764,470$750,232$736,434$723,055$710,078$693,781
3 years$504,584$490,285$476,521$463,268$450,503$434,600
4 years$374,667$360,411$346,785$333,759$321,302$305,917
5 years$296,736$282,567$269,120$256,359$244,249$229,425
6 years$244,800$230,737$217,489$205,012$193,266$179,022
7 years$207,717$193,773$180,734$168,552$157,177$143,520
8 years$179,918$166,099$153,277$141,394$130,393$117,321
9 years$158,307$144,619$132,017$120,436$109,810$97,318
10 years$141,029$127,475$115,096$103,817$93,564$81,644
11 years$126,902$113,483$101,328$90,352$80,468$69,111
12 years$115,137$101,856$89,926$79,251$69,732$58,925
13 years$105,190$92,048$80,343$69,967$60,807$50,538
14 years$96,672$83,669$72,189$62,109$53,303$43,558
15 years$89,296$76,434$65,177$55,390$46,933$37,695
16 years$82,848$70,126$59,092$49,596$41,479$32,734
17 years$77,165$64,584$53,772$44,561$36,778$28,509
18 years$72,119$59,678$49,087$40,159$32,702$24,892
19 years$67,609$55,309$44,936$36,287$29,148$21,780
20 years$63,555$51,396$41,240$32,865$26,035$19,092
21 years$59,893$47,873$37,933$29,827$23,299$16,763
22 years$56,567$44,688$34,961$27,119$20,884$14,739
23 years$53,535$41,796$32,281$24,698$18,747$12,974
24 years$50,760$39,160$29,854$22,526$16,850$11,433
25 years$48,211$36,750$27,651$20,572$15,162$10,084
26 years$45,862$34,539$25,645$18,810$13,658$8,902
27 years$43,691$32,505$23,813$17,217$12,314$7,864
28 years$41,678$30,629$22,138$15,775$11,111$6,951
29 years$39,808$28,895$20,601$14,466$10,033$6,147
30 years$38,065$27,288$19,189$13,276$9,065$5,439
31 years$36,438$25,797$17,889$12,193$8,196$4,815
32 years$34,916$24,409$16,691$11,206$7,414$4,264
33 years$33,489$23,116$15,585$10,305$6,709$3,777
34 years$32,149$21,908$14,561$9,481$6,075$3,347
35 years$30,888$20,780$13,614$8,728$5,502$2,966
36 years$29,700$19,723$12,735$8,038$4,985$2,630
37 years$28,579$18,732$11,920$7,406$4,518$2,332
38 years$27,519$17,802$11,163$6,826$4,096$2,068
39 years$26,516$16,928$10,458$6,294$3,714$1,834
40 years$25,566$16,106$9,802$5,806$3,369$1,627
41 years$24,664$15,331$9,192$5,356$3,057$1,444
42 years$23,808$14,601$8,622$4,943$2,774$1,281
43 years$22,993$13,912$8,091$4,563$2,517$1,137
44 years$22,218$13,261$7,594$4,213$2,285$1,009
45 years$21,480$12,645$7,131$3,891$2,074$895
46 years$20,775$12,063$6,698$3,594$1,883$795
47 years$20,103$11,512$6,292$3,321$1,710$706
48 years$19,460$10,990$5,913$3,068$1,553$626
49 years$18,846$10,495$5,558$2,836$1,410$556
50 years$18,258$10,025$5,225$2,621$1,281$494

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 $5,741 every year, while hoping to spend $57,650 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: 59/15/26 Blend
61$18,700,000$18,700,000$18,700,000$18,700,000
62$20,613,322$19,622,222$19,332,372$21,684,276
63$22,654,542$20,522,372$19,918,667$23,315,747
64$24,902,033$21,464,696$20,522,671$25,087,745
65$27,376,776$22,451,202$21,144,916$27,019,355
66$30,101,887$23,483,991$21,785,951$29,126,086
67$33,102,839$24,565,266$22,446,339$31,424,998
68$36,407,701$25,697,335$23,126,663$33,934,861
69$40,047,402$26,882,620$23,827,522$36,676,326
70$44,056,025$28,123,657$24,549,532$39,672,119
71$48,471,127$29,423,104$25,293,329$42,947,246
72$53,334,093$30,783,747$26,059,567$46,529,231
73$58,690,527$32,208,507$26,848,919$50,448,366
74$64,590,683$33,700,446$27,662,080$54,737,991
75$71,089,937$35,262,773$28,499,764$59,434,809
76$78,249,312$36,898,850$29,362,708$64,579,223
77$86,136,051$38,612,203$30,251,668$70,215,712
78$94,824,255$40,406,527$31,167,425$76,393,246
79$104,395,579$42,285,697$32,110,784$83,165,742
80$114,940,004$44,253,772$33,082,571$90,592,564
81$126,556,687$46,315,010$34,083,640$98,739,081
82$139,354,895$48,473,871$35,114,868$107,677,276
83$153,455,037$50,735,034$36,177,159$117,486,414
84$168,989,801$53,103,401$37,271,444$128,253,788
85$186,105,405$55,584,111$38,398,681$140,075,534
86$204,962,978$58,182,554$39,559,858$153,057,527
87$225,740,080$60,904,378$40,755,992$167,316,376
88$248,632,379$63,755,503$41,988,129$182,980,513
89$273,855,497$66,742,138$43,257,346$200,191,398
90$301,647,045$69,870,791$44,564,755$219,104,844
91$332,268,868$73,148,283$45,911,499$239,892,478
92$366,009,512$76,581,769$47,298,753$262,743,349
93$403,186,952$80,178,745$48,727,731$287,865,704
94$444,151,591$83,947,074$50,199,681$315,488,941
95$489,289,571$87,894,998$51,715,887$345,865,763
96$539,026,411$92,031,157$53,277,674$379,274,552
97$593,831,033$96,364,611$54,886,403$416,021,982
98$654,220,179$100,904,858$56,543,479$456,445,900
99$720,763,297$105,661,857$58,250,346$500,918,507
100$794,087,913$110,646,047$60,008,491$549,849,849