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

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 $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%14%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,489,987
2 years$776,734$762,268$748,248$734,655$721,470$696,256
3 years$512,679$498,150$484,166$470,701$457,730$433,186
4 years$380,677$366,193$352,349$339,113$326,457$302,772
5 years$301,497$287,100$273,437$260,471$248,167$225,411
6 years$248,727$234,439$220,978$208,301$196,366$174,563
7 years$211,050$196,881$183,634$171,256$159,698$138,855
8 years$182,804$168,764$155,736$143,662$132,485$112,598
9 years$160,847$146,939$134,135$122,368$111,572$92,630
10 years$143,292$129,520$116,942$105,483$95,065$77,053
11 years$128,937$115,304$102,954$91,802$81,759$64,657
12 years$116,984$103,490$91,369$80,522$70,850$54,637
13 years$106,878$93,525$81,632$71,089$61,783$46,433
14 years$98,223$85,012$73,347$63,105$54,159$39,647
15 years$90,728$77,660$66,222$56,279$47,686$33,985
16 years$84,177$71,251$60,040$50,391$42,145$29,227
17 years$78,403$65,620$54,634$45,276$37,368$25,204
18 years$73,276$60,636$49,874$40,803$33,226$21,785
19 years$68,694$56,197$45,657$36,869$29,615$18,868
20 years$64,575$52,221$41,902$33,392$26,453$16,369
21 years$60,853$48,641$38,542$30,305$23,672$14,222
22 years$57,475$45,405$35,522$27,554$21,219$12,372
23 years$54,394$42,466$32,798$25,094$19,047$10,774
24 years$51,575$39,788$30,333$22,888$17,120$9,391
25 years$48,985$37,339$28,094$20,902$15,406$8,193
26 years$46,598$35,093$26,056$19,112$13,877$7,152
27 years$44,392$33,026$24,195$17,494$12,511$6,247
28 years$42,347$31,121$22,493$16,028$11,289$5,460
29 years$40,446$29,359$20,931$14,698$10,194$4,774
30 years$38,676$27,726$19,497$13,489$9,211$4,176
31 years$37,023$26,211$18,176$12,389$8,327$3,654
32 years$35,476$24,800$16,959$11,385$7,533$3,199
33 years$34,026$23,486$15,835$10,470$6,817$2,801
34 years$32,665$22,260$14,795$9,633$6,172$2,453
35 years$31,384$21,113$13,832$8,868$5,590$2,148
36 years$30,176$20,039$12,940$8,167$5,065$1,882
37 years$29,037$19,033$12,111$7,525$4,591$1,649
38 years$27,961$18,088$11,342$6,936$4,162$1,445
39 years$26,942$17,200$10,626$6,395$3,774$1,267
40 years$25,976$16,364$9,960$5,899$3,423$1,110
41 years$25,060$15,577$9,339$5,442$3,106$973
42 years$24,190$14,835$8,760$5,023$2,818$853
43 years$23,362$14,135$8,220$4,636$2,558$748
44 years$22,575$13,474$7,716$4,281$2,321$656
45 years$21,824$12,848$7,245$3,954$2,107$575
46 years$21,108$12,257$6,805$3,652$1,913$504
47 years$20,425$11,697$6,393$3,374$1,738$442
48 years$19,772$11,166$6,008$3,118$1,578$388
49 years$19,148$10,663$5,647$2,881$1,433$340
50 years$18,551$10,186$5,309$2,663$1,302$298

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 $3,591 every year, while hoping to spend $49,420 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: 39/49/12 Blend
61$19,000,000$19,000,000$19,000,000$19,000,000
62$20,941,704$19,934,704$19,640,204$21,682,490
63$23,025,175$20,858,922$20,245,568$23,131,875
64$25,319,504$21,826,770$20,869,556$24,692,915
65$27,846,147$22,840,335$21,512,739$26,379,681
66$30,628,744$23,901,802$22,175,706$28,203,531
67$33,693,348$25,013,462$22,859,065$30,176,915
68$37,068,667$26,177,719$23,563,441$32,313,483
69$40,786,334$27,397,091$24,289,479$34,628,205
70$44,881,208$28,674,216$25,037,844$37,137,503
71$49,391,701$30,011,863$25,809,222$39,859,392
72$54,360,142$31,412,931$26,604,319$42,813,644
73$59,833,174$32,880,462$27,423,861$46,021,958
74$65,862,197$34,417,644$28,268,599$49,508,155
75$72,503,851$36,027,818$29,139,306$53,298,394
76$79,820,549$37,714,487$30,036,779$57,421,397
77$87,881,073$39,481,324$30,961,839$61,908,714
78$96,761,212$41,332,179$31,915,331$66,795,004
79$106,544,489$43,271,089$32,898,127$72,118,345
80$117,322,939$45,302,284$33,911,126$77,920,579
81$129,197,985$47,430,202$34,955,255$84,247,690
82$142,281,390$49,659,494$36,031,467$91,150,222
83$156,696,318$51,995,034$37,140,747$98,683,736
84$172,578,488$54,441,936$38,284,108$106,909,316
85$190,077,462$57,005,560$39,462,594$115,894,125
86$209,358,055$59,691,524$40,677,282$125,712,018
87$230,601,888$62,505,720$41,929,283$136,444,220
88$254,009,105$65,454,325$43,219,738$148,180,065
89$279,800,262$68,543,815$44,549,828$161,017,819
90$308,218,407$71,780,981$45,920,765$175,065,580
91$339,531,376$75,172,940$47,333,803$190,442,273
92$374,034,321$78,727,159$48,790,230$207,278,747
93$412,052,495$82,451,463$50,291,375$225,718,975
94$453,944,323$86,354,058$51,838,610$245,921,390
95$500,104,785$90,443,548$53,433,344$268,060,345
96$550,969,145$94,728,954$55,077,034$292,327,725
97$607,017,061$99,219,736$56,771,178$318,934,725
98$668,777,110$103,925,812$58,517,321$348,113,808
99$736,831,780$108,857,581$60,317,055$380,120,859
100$811,822,967$114,025,948$62,172,022$415,237,560