Can I retire at age 62 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,440,796
2 years$768,558$754,244$740,372$726,922$713,875$655,802
3 years$507,282$492,907$479,070$465,746$452,912$396,934
4 years$376,670$362,339$348,640$335,544$323,021$269,566
5 years$298,323$284,078$270,559$257,730$245,555$194,759
6 years$246,109$231,971$218,652$206,108$194,299$146,197
7 years$208,828$194,809$181,701$169,453$158,017$112,592
8 years$180,880$166,987$154,097$142,150$131,091$88,297
9 years$159,154$145,392$132,723$121,080$110,397$70,173
10 years$141,783$128,156$115,711$104,372$94,064$56,332
11 years$127,580$114,090$101,870$90,835$80,898$45,572
12 years$115,753$102,401$90,407$79,675$70,105$37,092
13 years$105,753$92,541$80,773$70,341$61,133$30,335
14 years$97,189$84,117$72,575$62,441$53,589$24,904
15 years$89,773$76,842$65,525$55,686$47,184$20,510
16 years$83,291$70,501$59,408$49,861$41,701$16,933
17 years$77,577$64,929$54,059$44,800$36,975$14,008
18 years$72,504$59,997$49,349$40,373$32,876$11,609
19 years$67,971$55,605$45,177$36,481$29,303$9,633
20 years$63,895$51,671$41,461$33,040$26,174$8,003
21 years$60,213$48,129$38,136$29,986$23,423$6,655
22 years$56,870$44,927$35,148$27,264$20,996$5,538
23 years$53,822$42,019$32,453$24,830$18,847$4,612
24 years$51,032$39,369$30,014$22,647$16,940$3,843
25 years$48,469$36,946$27,799$20,682$15,243$3,203
26 years$46,108$34,723$25,782$18,911$13,731$2,671
27 years$43,925$32,679$23,941$17,309$12,379$2,228
28 years$41,901$30,793$22,256$15,859$11,170$1,859
29 years$40,021$29,050$20,711$14,543$10,086$1,551
30 years$38,269$27,434$19,292$13,347$9,114$1,295
31 years$36,633$25,935$17,985$12,258$8,240$1,081
32 years$35,103$24,539$16,780$11,266$7,453$902
33 years$33,668$23,239$15,668$10,360$6,745$754
34 years$32,321$22,026$14,639$9,532$6,107$629
35 years$31,053$20,891$13,687$8,775$5,531$526
36 years$29,859$19,828$12,804$8,081$5,012$439
37 years$28,732$18,833$11,984$7,446$4,542$367
38 years$27,666$17,898$11,222$6,863$4,118$306
39 years$26,658$17,019$10,514$6,328$3,734$256
40 years$25,703$16,192$9,855$5,837$3,387$214
41 years$24,796$15,413$9,241$5,385$3,073$178
42 years$23,935$14,679$8,668$4,970$2,788$149
43 years$23,116$13,986$8,134$4,588$2,531$125
44 years$22,337$13,332$7,635$4,236$2,297$104
45 years$21,594$12,713$7,169$3,912$2,085$87
46 years$20,886$12,128$6,733$3,614$1,893$73
47 years$20,210$11,574$6,326$3,338$1,719$61
48 years$19,564$11,049$5,945$3,085$1,561$51
49 years$18,946$10,551$5,588$2,851$1,418$42
50 years$18,355$10,079$5,253$2,635$1,288$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,800,000, adding $2,806 every year, while hoping to spend $48,787 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: 73/18/9 Blend
61$18,800,000$18,800,000$18,800,000$18,800,000
62$20,720,494$19,724,094$19,432,694$22,200,395
63$22,782,076$20,638,666$20,031,781$24,091,997
64$25,052,303$21,596,417$20,649,301$26,156,727
65$27,552,408$22,599,410$21,285,822$28,416,697
66$30,305,783$23,649,811$21,941,927$30,891,192
67$33,338,207$24,749,886$22,618,216$33,601,432
68$36,678,088$25,902,015$23,315,310$36,570,778
69$40,356,728$27,108,688$24,033,847$39,824,940
70$44,408,619$28,372,518$24,774,486$43,392,221
71$48,871,771$29,696,245$25,537,904$47,303,779
72$53,788,069$31,082,738$26,324,802$51,593,916
73$59,203,669$32,535,009$27,135,899$56,300,397
74$65,169,429$34,056,210$27,971,938$61,464,803
75$71,741,397$35,649,651$28,833,684$67,132,916
76$78,981,334$37,318,798$29,721,927$73,355,148
77$86,957,297$39,067,286$30,637,478$80,187,012
78$95,744,284$40,898,926$31,581,176$87,689,638
79$105,424,940$42,817,712$32,553,885$95,930,345
80$116,090,337$44,827,834$33,556,493$104,983,271
81$127,840,834$46,933,680$34,589,919$114,930,065
82$140,787,025$49,139,856$35,655,106$125,860,652
83$155,050,779$51,451,187$36,753,030$137,874,075
84$170,766,396$53,872,732$37,884,694$151,079,421
85$188,081,869$56,409,797$39,051,132$165,596,842
86$207,160,286$59,067,943$40,253,411$181,558,686
87$228,181,365$61,853,002$41,492,630$199,110,731
88$251,343,151$64,771,086$42,769,920$218,413,558
89$276,863,889$67,828,606$44,086,449$239,644,056
90$304,984,080$71,032,282$45,443,420$262,997,077
91$335,968,753$74,389,161$46,842,071$288,687,275
92$370,109,966$77,906,630$48,283,680$316,951,111
93$407,729,563$81,592,435$49,769,564$348,049,082
94$449,182,213$85,454,699$51,301,080$382,268,166
95$494,858,757$89,501,938$52,879,624$419,924,515
96$545,189,897$93,743,079$54,506,638$461,366,434
97$600,650,263$98,187,487$56,183,607$506,977,649
98$661,762,893$102,844,977$57,912,061$557,180,919
99$729,104,170$107,725,842$59,693,576$612,442,013
100$803,309,262$112,840,876$61,529,778$673,274,088