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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,456,538
2 years$772,646$758,256$744,310$730,788$717,673$667,219
3 years$509,981$495,529$481,618$468,223$455,321$406,572
4 years$378,674$364,266$350,494$337,328$324,739$278,067
5 years$299,910$285,589$271,998$259,101$246,861$202,391
6 years$247,418$233,205$219,815$207,205$195,333$153,100
7 years$209,939$195,845$182,667$170,354$158,858$118,856
8 years$181,842$167,875$154,916$142,906$131,788$93,987
9 years$160,000$146,166$133,429$121,724$110,985$75,339
10 years$142,537$128,838$116,327$104,928$94,564$61,017
11 years$128,259$114,697$102,412$91,318$81,329$49,814
12 years$116,368$102,946$90,888$80,099$70,478$40,925
13 years$106,315$93,033$81,203$70,715$61,458$33,792
14 years$97,706$84,564$72,961$62,773$53,874$28,015
15 years$90,251$77,251$65,874$55,982$47,435$23,302
16 years$83,734$70,876$59,724$50,126$41,923$19,435
17 years$77,990$65,274$54,347$45,038$37,172$16,245
18 years$72,890$60,317$49,612$40,588$33,051$13,604
19 years$68,332$55,901$45,417$36,675$29,459$11,409
20 years$64,235$51,946$41,681$33,216$26,314$9,581
21 years$60,533$48,385$38,339$30,146$23,548$8,054
22 years$57,172$45,166$35,335$27,409$21,107$6,777
23 years$54,108$42,243$32,626$24,962$18,947$5,706
24 years$51,303$39,579$30,173$22,767$17,030$4,807
25 years$48,727$37,143$27,947$20,792$15,324$4,052
26 years$46,353$34,908$25,919$19,011$13,804$3,417
27 years$44,158$32,853$24,068$17,402$12,445$2,883
28 years$42,124$30,957$22,374$15,944$11,230$2,433
29 years$40,233$29,204$20,821$14,621$10,140$2,054
30 years$38,472$27,580$19,394$13,418$9,162$1,734
31 years$36,828$26,073$18,081$12,323$8,283$1,464
32 years$35,289$24,670$16,870$11,326$7,493$1,237
33 years$33,847$23,363$15,751$10,415$6,781$1,045
34 years$32,493$22,143$14,717$9,582$6,140$883
35 years$31,218$21,002$13,759$8,821$5,561$746
36 years$30,018$19,934$12,872$8,124$5,038$630
37 years$28,884$18,933$12,048$7,485$4,566$532
38 years$27,813$17,993$11,282$6,899$4,140$450
39 years$26,800$17,109$10,570$6,362$3,754$380
40 years$25,839$16,278$9,907$5,868$3,405$321
41 years$24,928$15,495$9,290$5,414$3,089$272
42 years$24,062$14,757$8,714$4,996$2,803$230
43 years$23,239$14,061$8,177$4,612$2,544$194
44 years$22,456$13,403$7,676$4,258$2,309$164
45 years$21,709$12,781$7,207$3,933$2,096$139
46 years$20,997$12,192$6,769$3,633$1,903$117
47 years$20,318$11,635$6,360$3,356$1,728$99
48 years$19,668$11,107$5,976$3,101$1,570$84
49 years$19,047$10,607$5,617$2,866$1,426$71
50 years$18,453$10,132$5,281$2,649$1,295$60

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 $3,266 every year, while hoping to spend $57,069 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: 59/25/16 Blend
61$18,900,000$18,900,000$18,900,000$18,900,000
62$20,831,169$19,829,469$19,536,519$21,974,584
63$22,895,227$20,740,392$20,130,271$23,658,652
64$25,167,907$21,694,037$20,742,002$25,487,701
65$27,670,426$22,692,439$21,372,252$27,480,991
66$30,426,168$23,737,726$22,021,581$29,654,377
67$33,460,896$24,832,134$22,690,563$32,025,292
68$36,803,001$25,978,002$23,379,790$34,612,905
69$40,483,768$27,177,784$24,089,873$37,438,301
70$44,537,668$28,434,052$24,821,440$40,524,674
71$49,002,690$29,749,500$25,575,138$43,897,534
72$53,920,693$31,126,954$26,351,634$47,584,951
73$59,337,804$32,569,375$27,151,614$51,617,804
74$65,304,851$34,079,866$27,975,784$56,030,073
75$71,877,847$35,661,681$28,824,874$60,859,149
76$79,118,514$37,318,229$29,699,634$66,146,182
77$87,094,866$39,053,086$30,600,835$71,936,458
78$95,881,853$40,869,998$31,529,274$78,279,823
79$105,562,068$42,772,894$32,485,770$85,231,142
80$116,226,522$44,765,889$33,471,167$92,850,810
81$127,975,511$46,853,301$34,486,334$101,205,311
82$140,919,553$49,039,653$35,532,167$110,367,838
83$155,180,440$51,329,688$36,609,587$120,418,973
84$170,892,380$53,728,378$37,719,544$131,447,439
85$188,203,270$56,240,936$38,863,015$143,550,921
86$207,276,087$58,872,825$40,041,009$156,836,985
87$228,290,427$61,629,773$41,254,563$171,424,076
88$251,444,204$64,517,785$42,504,744$187,442,622
89$276,955,513$67,543,156$43,792,653$205,036,261
90$305,064,691$70,712,487$45,119,423$224,363,171
91$336,036,587$74,032,696$46,486,220$245,597,560
92$370,163,058$77,511,037$47,894,248$268,931,290
93$407,765,727$81,155,115$49,344,742$294,575,673
94$449,199,018$84,972,903$50,838,979$322,763,449
95$494,853,503$88,972,760$52,378,269$353,750,971
96$545,159,585$93,163,450$53,963,966$387,820,600
97$600,591,564$97,554,161$55,597,461$425,283,357
98$661,672,115$102,154,527$57,280,187$466,481,838
99$728,977,219$106,974,647$59,013,622$511,793,428
100$803,141,602$112,025,111$60,799,284$561,633,843