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%19.1%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,444,225
2 years$768,558$754,244$740,372$726,922$713,875$659,162
3 years$507,282$492,907$479,070$465,746$452,912$400,120
4 years$376,670$362,339$348,640$335,544$323,021$272,552
5 years$298,323$284,078$270,559$257,730$245,555$197,542
6 years$246,109$231,971$218,652$206,108$194,299$148,776
7 years$208,828$194,809$181,701$169,453$158,017$114,972
8 years$180,880$166,987$154,097$142,150$131,091$90,486
9 years$159,154$145,392$132,723$121,080$110,397$72,178
10 years$141,783$128,156$115,711$104,372$94,064$58,162
11 years$127,580$114,090$101,870$90,835$80,898$47,237
12 years$115,753$102,401$90,407$79,675$70,105$38,602
13 years$105,753$92,541$80,773$70,341$61,133$31,700
14 years$97,189$84,117$72,575$62,441$53,589$26,135
15 years$89,773$76,842$65,525$55,686$47,184$21,615
16 years$83,291$70,501$59,408$49,861$41,701$17,923
17 years$77,577$64,929$54,059$44,800$36,975$14,894
18 years$72,504$59,997$49,349$40,373$32,876$12,398
19 years$67,971$55,605$45,177$36,481$29,303$10,335
20 years$63,895$51,671$41,461$33,040$26,174$8,626
21 years$60,213$48,129$38,136$29,986$23,423$7,206
22 years$56,870$44,927$35,148$27,264$20,996$6,026
23 years$53,822$42,019$32,453$24,830$18,847$5,042
24 years$51,032$39,369$30,014$22,647$16,940$4,221
25 years$48,469$36,946$27,799$20,682$15,243$3,535
26 years$46,108$34,723$25,782$18,911$13,731$2,962
27 years$43,925$32,679$23,941$17,309$12,379$2,483
28 years$41,901$30,793$22,256$15,859$11,170$2,082
29 years$40,021$29,050$20,711$14,543$10,086$1,746
30 years$38,269$27,434$19,292$13,347$9,114$1,464
31 years$36,633$25,935$17,985$12,258$8,240$1,228
32 years$35,103$24,539$16,780$11,266$7,453$1,031
33 years$33,668$23,239$15,668$10,360$6,745$865
34 years$32,321$22,026$14,639$9,532$6,107$726
35 years$31,053$20,891$13,687$8,775$5,531$609
36 years$29,859$19,828$12,804$8,081$5,012$511
37 years$28,732$18,833$11,984$7,446$4,542$429
38 years$27,666$17,898$11,222$6,863$4,118$360
39 years$26,658$17,019$10,514$6,328$3,734$302
40 years$25,703$16,192$9,855$5,837$3,387$254
41 years$24,796$15,413$9,241$5,385$3,073$213
42 years$23,935$14,679$8,668$4,970$2,788$179
43 years$23,116$13,986$8,134$4,588$2,531$150
44 years$22,337$13,332$7,635$4,236$2,297$126
45 years$21,594$12,713$7,169$3,912$2,085$106
46 years$20,886$12,128$6,733$3,614$1,893$89
47 years$20,210$11,574$6,326$3,338$1,719$75
48 years$19,564$11,049$5,945$3,085$1,561$63
49 years$18,946$10,551$5,588$2,851$1,418$53
50 years$18,355$10,079$5,253$2,635$1,288$44

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 $2,436 every year, while hoping to spend $50,525 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: 51/39/10 Blend
61$18,800,000$18,800,000$18,800,000$18,800,000
62$20,720,113$19,723,713$19,432,313$21,722,428
63$22,779,806$20,636,416$20,029,537$23,319,327
64$25,047,895$21,592,149$20,645,075$25,048,780
65$27,545,582$22,592,966$21,279,487$26,927,671
66$30,296,231$23,641,022$21,933,349$28,970,072
67$33,325,588$24,738,573$22,607,258$31,191,437
68$36,662,022$25,887,988$23,301,825$33,608,743
69$40,336,795$27,091,746$24,017,684$36,240,640
70$44,384,356$28,352,449$24,755,483$39,107,620
71$48,842,663$29,672,822$25,515,895$42,232,201
72$53,753,548$31,055,723$26,299,611$45,639,134
73$59,163,104$32,504,148$27,107,342$49,355,623
74$65,122,126$34,021,237$27,939,823$53,411,578
75$71,686,586$35,610,281$28,797,811$57,839,880
76$78,918,165$37,274,731$29,682,084$62,676,688
77$86,884,830$39,018,205$30,593,446$67,961,763
78$95,661,481$40,844,495$31,532,725$73,738,839
79$105,330,653$42,757,577$32,500,773$80,056,017
80$115,983,300$44,761,618$33,498,469$86,966,211
81$127,719,648$46,860,989$34,526,719$94,527,630
82$140,650,144$49,060,269$35,586,456$102,804,319
83$154,896,498$51,364,262$36,678,641$111,866,746
84$170,592,831$53,778,001$37,804,266$121,792,452
85$187,886,943$56,306,766$38,964,352$132,666,768
86$206,941,703$58,956,090$40,159,950$144,583,604
87$227,936,593$61,731,775$41,392,144$157,646,317
88$251,069,398$64,639,903$42,662,053$171,968,671
89$276,558,071$67,686,854$43,970,827$187,675,889
90$304,642,797$70,879,311$45,319,652$204,905,816
91$335,588,252$74,224,288$46,709,750$223,810,202
92$369,686,108$77,729,132$48,142,381$244,556,109
93$407,257,783$81,401,552$49,618,843$267,327,468
94$448,657,475$85,249,626$51,140,472$292,326,788
95$494,275,507$89,281,827$52,708,647$319,777,049
96$544,542,009$93,507,037$54,324,788$349,923,773
97$599,930,982$97,934,570$55,990,356$383,037,319
98$660,964,770$102,574,192$57,706,861$419,415,407
99$728,218,990$107,436,141$59,475,854$459,385,895
100$802,327,969$112,531,153$61,298,937$503,309,844