Can I retire at age 62 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,493,062
2 years$776,734$762,268$748,248$734,655$721,470$699,326
3 years$512,679$498,150$484,166$470,701$457,730$436,156
4 years$380,677$366,193$352,349$339,113$326,457$305,620
5 years$301,497$287,100$273,437$260,471$248,167$228,127
6 years$248,727$234,439$220,978$208,301$196,366$177,146
7 years$211,050$196,881$183,634$171,256$159,698$141,304
8 years$182,804$168,764$155,736$143,662$132,485$114,915
9 years$160,847$146,939$134,135$122,368$111,572$94,817
10 years$143,292$129,520$116,942$105,483$95,065$79,113
11 years$128,937$115,304$102,954$91,802$81,759$66,594
12 years$116,984$103,490$91,369$80,522$70,850$56,455
13 years$106,878$93,525$81,632$71,089$61,783$48,136
14 years$98,223$85,012$73,347$63,105$54,159$41,239
15 years$90,728$77,660$66,222$56,279$47,686$35,471
16 years$84,177$71,251$60,040$50,391$42,145$30,611
17 years$78,403$65,620$54,634$45,276$37,368$26,492
18 years$73,276$60,636$49,874$40,803$33,226$22,981
19 years$68,694$56,197$45,657$36,869$29,615$19,977
20 years$64,575$52,221$41,902$33,392$26,453$17,396
21 years$60,853$48,641$38,542$30,305$23,672$15,171
22 years$57,475$45,405$35,522$27,554$21,219$13,248
23 years$54,394$42,466$32,798$25,094$19,047$11,582
24 years$51,575$39,788$30,333$22,888$17,120$10,135
25 years$48,985$37,339$28,094$20,902$15,406$8,876
26 years$46,598$35,093$26,056$19,112$13,877$7,780
27 years$44,392$33,026$24,195$17,494$12,511$6,823
28 years$42,347$31,121$22,493$16,028$11,289$5,987
29 years$40,446$29,359$20,931$14,698$10,194$5,257
30 years$38,676$27,726$19,497$13,489$9,211$4,617
31 years$37,023$26,211$18,176$12,389$8,327$4,057
32 years$35,476$24,800$16,959$11,385$7,533$3,566
33 years$34,026$23,486$15,835$10,470$6,817$3,135
34 years$32,665$22,260$14,795$9,633$6,172$2,757
35 years$31,384$21,113$13,832$8,868$5,590$2,425
36 years$30,176$20,039$12,940$8,167$5,065$2,134
37 years$29,037$19,033$12,111$7,525$4,591$1,878
38 years$27,961$18,088$11,342$6,936$4,162$1,652
39 years$26,942$17,200$10,626$6,395$3,774$1,454
40 years$25,976$16,364$9,960$5,899$3,423$1,280
41 years$25,060$15,577$9,339$5,442$3,106$1,127
42 years$24,190$14,835$8,760$5,023$2,818$992
43 years$23,362$14,135$8,220$4,636$2,558$874
44 years$22,575$13,474$7,716$4,281$2,321$770
45 years$21,824$12,848$7,245$3,954$2,107$678
46 years$21,108$12,257$6,805$3,652$1,913$597
47 years$20,425$11,697$6,393$3,374$1,738$526
48 years$19,772$11,166$6,008$3,118$1,578$463
49 years$19,148$10,663$5,647$2,881$1,433$408
50 years$18,551$10,186$5,309$2,663$1,302$359

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,000,000, adding $6,073 every year, while hoping to spend $32,365 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: 54/16/30 Blend
61$19,000,000$19,000,000$19,000,000$19,000,000
62$20,944,264$19,937,264$19,642,764$21,899,565
63$23,046,143$20,879,754$20,266,361$23,504,855
64$25,361,329$21,867,341$20,909,763$25,247,898
65$27,911,545$22,902,201$21,573,600$27,145,076
66$30,720,728$23,986,615$22,258,522$29,211,217
67$33,815,258$25,122,975$22,965,198$31,462,628
68$37,224,202$26,313,788$23,694,320$33,917,243
69$40,979,592$27,561,685$24,446,600$36,594,784
70$45,116,724$28,869,422$25,222,776$39,516,948
71$49,674,497$30,239,890$26,023,605$42,707,602
72$54,695,772$31,676,121$26,849,873$46,193,005
73$60,227,783$33,181,293$27,702,386$50,002,048
74$66,322,580$34,758,740$28,581,979$54,166,525
75$73,037,520$36,411,955$29,489,512$58,721,419
76$80,435,811$38,144,605$30,425,875$63,705,236
77$88,587,104$39,960,530$31,391,982$69,160,352
78$97,568,154$41,863,762$32,388,779$75,133,413
79$107,463,544$43,858,525$33,417,241$81,675,764
80$118,366,483$45,949,249$34,478,375$88,843,926
81$130,379,683$48,140,581$35,573,220$96,700,125
82$143,616,333$50,437,393$36,702,846$105,312,867
83$158,201,167$52,844,793$37,868,359$114,757,578
84$174,271,637$55,368,139$39,070,900$125,117,306
85$191,979,214$58,013,048$40,311,645$136,483,498
86$211,490,818$60,785,411$41,591,809$148,956,848
87$232,990,392$63,691,407$42,912,645$162,648,243
88$256,680,639$66,737,512$44,275,446$177,679,797
89$282,784,936$69,930,522$45,681,545$194,185,990
90$311,549,441$73,277,560$47,132,319$212,314,928
91$343,245,420$76,786,096$48,629,188$232,229,731
92$378,171,804$80,463,966$50,173,616$254,110,056
93$416,658,013$84,319,385$51,767,117$278,153,782
94$459,067,064$88,360,969$53,411,250$304,578,864
95$505,799,002$92,597,753$55,107,624$333,625,375
96$557,294,671$97,039,214$56,857,900$365,557,759
97$614,039,879$101,695,287$58,663,791$400,667,310
98$676,569,985$106,576,395$60,527,066$439,274,906
99$745,474,950$111,693,465$62,449,550$481,734,022
100$821,404,909$117,057,958$64,433,123$528,434,047