Can I retire at age 62 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,467,108
2 years$772,646$758,256$744,310$730,788$717,673$677,648
3 years$509,981$495,529$481,618$468,223$455,321$416,529
4 years$378,674$364,266$350,494$337,328$324,739$287,477
5 years$299,910$285,589$271,998$259,101$246,861$211,233
6 years$247,418$233,205$219,815$207,205$195,333$161,372
7 years$209,939$195,845$182,667$170,354$158,858$126,567
8 years$181,842$167,875$154,916$142,906$131,788$101,151
9 years$160,000$146,166$133,429$121,724$110,985$81,974
10 years$142,537$128,838$116,327$104,928$94,564$67,143
11 years$128,259$114,697$102,412$91,318$81,329$55,455
12 years$116,368$102,946$90,888$80,099$70,478$46,105
13 years$106,315$93,033$81,203$70,715$61,458$38,536
14 years$97,706$84,564$72,961$62,773$53,874$32,349
15 years$90,251$77,251$65,874$55,982$47,435$27,251
16 years$83,734$70,876$59,724$50,126$41,923$23,025
17 years$77,990$65,274$54,347$45,038$37,172$19,501
18 years$72,890$60,317$49,612$40,588$33,051$16,550
19 years$68,332$55,901$45,417$36,675$29,459$14,070
20 years$64,235$51,946$41,681$33,216$26,314$11,979
21 years$60,533$48,385$38,339$30,146$23,548$10,210
22 years$57,172$45,166$35,335$27,409$21,107$8,712
23 years$54,108$42,243$32,626$24,962$18,947$7,440
24 years$51,303$39,579$30,173$22,767$17,030$6,359
25 years$48,727$37,143$27,947$20,792$15,324$5,438
26 years$46,353$34,908$25,919$19,011$13,804$4,653
27 years$44,158$32,853$24,068$17,402$12,445$3,983
28 years$42,124$30,957$22,374$15,944$11,230$3,411
29 years$40,233$29,204$20,821$14,621$10,140$2,922
30 years$38,472$27,580$19,394$13,418$9,162$2,504
31 years$36,828$26,073$18,081$12,323$8,283$2,146
32 years$35,289$24,670$16,870$11,326$7,493$1,840
33 years$33,847$23,363$15,751$10,415$6,781$1,578
34 years$32,493$22,143$14,717$9,582$6,140$1,353
35 years$31,218$21,002$13,759$8,821$5,561$1,160
36 years$30,018$19,934$12,872$8,124$5,038$995
37 years$28,884$18,933$12,048$7,485$4,566$854
38 years$27,813$17,993$11,282$6,899$4,140$733
39 years$26,800$17,109$10,570$6,362$3,754$629
40 years$25,839$16,278$9,907$5,868$3,405$539
41 years$24,928$15,495$9,290$5,414$3,089$463
42 years$24,062$14,757$8,714$4,996$2,803$397
43 years$23,239$14,061$8,177$4,612$2,544$341
44 years$22,456$13,403$7,676$4,258$2,309$293
45 years$21,709$12,781$7,207$3,933$2,096$251
46 years$20,997$12,192$6,769$3,633$1,903$215
47 years$20,318$11,635$6,360$3,356$1,728$185
48 years$19,668$11,107$5,976$3,101$1,570$159
49 years$19,047$10,607$5,617$2,866$1,426$136
50 years$18,453$10,132$5,281$2,649$1,295$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,900,000, adding $2,647 every year, while hoping to spend $26,307 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: 54/28/18 Blend
61$18,900,000$18,900,000$18,900,000$18,900,000
62$20,830,530$19,828,830$19,535,880$21,854,012
63$22,927,254$20,772,453$20,162,342$23,497,730
64$25,236,962$21,761,431$20,808,908$25,283,020
65$27,781,350$22,797,959$21,476,225$27,225,793
66$30,584,328$23,884,339$22,164,959$29,341,076
67$33,672,242$25,022,985$22,875,798$31,645,385
68$37,074,126$26,216,425$23,609,451$34,156,871
69$40,821,971$27,467,315$24,366,653$36,895,490
70$44,951,035$28,778,436$25,148,158$39,883,179
71$49,500,168$30,152,707$25,954,749$43,144,059
72$54,512,182$31,593,187$26,787,230$46,704,658
73$60,034,257$33,103,085$27,646,434$50,594,146
74$66,118,380$34,685,765$28,533,219$54,844,610
75$72,821,845$36,344,757$29,448,472$59,491,343
76$80,207,783$38,083,760$30,393,105$64,573,174
77$88,345,767$39,906,655$31,368,065$70,132,816
78$97,312,465$41,817,511$32,374,325$76,217,272
79$107,192,362$43,820,594$33,412,890$82,878,256
80$118,078,560$45,920,381$34,484,799$90,172,679
81$130,073,656$48,121,563$35,591,123$98,163,174
82$143,290,712$50,429,062$36,732,968$106,918,671
83$157,854,318$52,848,039$37,911,476$116,515,040
84$173,901,772$55,383,907$39,127,824$127,035,794
85$191,584,375$58,042,341$40,383,229$138,572,862
86$211,068,859$60,829,293$41,678,945$151,227,445
87$232,538,962$63,751,008$43,016,269$165,110,957
88$256,197,159$66,814,030$44,396,536$180,346,058
89$282,266,577$70,025,226$45,821,129$197,067,800
90$310,993,102$73,391,795$47,291,470$215,424,884
91$342,647,695$76,921,290$48,809,031$235,581,047
92$377,528,955$80,621,628$50,375,329$257,716,586
93$415,965,936$84,501,116$51,991,930$282,030,047
94$458,321,254$88,568,463$53,660,452$308,740,073
95$504,994,508$92,832,804$55,382,564$338,087,452
96$556,426,056$97,303,719$57,159,988$370,337,367
97$613,101,168$101,991,256$58,994,501$405,781,874
98$675,554,610$106,905,951$60,887,940$444,742,638
99$744,375,693$112,058,855$62,842,199$487,573,945
100$820,213,833$117,461,558$64,859,232$534,666,018