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%12.6%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,498,641
2 years$776,734$762,268$748,248$734,655$721,470$704,911
3 years$512,679$498,150$484,166$470,701$457,730$441,572
4 years$380,677$366,193$352,349$339,113$326,457$310,824
5 years$301,497$287,100$273,437$260,471$248,167$233,106
6 years$248,727$234,439$220,978$208,301$196,366$181,894
7 years$211,050$196,881$183,634$171,256$159,698$145,822
8 years$182,804$168,764$155,736$143,662$132,485$119,204
9 years$160,847$146,939$134,135$122,368$111,572$98,880
10 years$143,292$129,520$116,942$105,483$95,065$82,954
11 years$128,937$115,304$102,954$91,802$81,759$70,220
12 years$116,984$103,490$91,369$80,522$70,850$59,871
13 years$106,878$93,525$81,632$71,089$61,783$51,349
14 years$98,223$85,012$73,347$63,105$54,159$44,257
15 years$90,728$77,660$66,222$56,279$47,686$38,300
16 years$84,177$71,251$60,040$50,391$42,145$33,259
17 years$78,403$65,620$54,634$45,276$37,368$28,966
18 years$73,276$60,636$49,874$40,803$33,226$25,291
19 years$68,694$56,197$45,657$36,869$29,615$22,129
20 years$64,575$52,221$41,902$33,392$26,453$19,399
21 years$60,853$48,641$38,542$30,305$23,672$17,032
22 years$57,475$45,405$35,522$27,554$21,219$14,975
23 years$54,394$42,466$32,798$25,094$19,047$13,182
24 years$51,575$39,788$30,333$22,888$17,120$11,616
25 years$48,985$37,339$28,094$20,902$15,406$10,246
26 years$46,598$35,093$26,056$19,112$13,877$9,045
27 years$44,392$33,026$24,195$17,494$12,511$7,990
28 years$42,347$31,121$22,493$16,028$11,289$7,062
29 years$40,446$29,359$20,931$14,698$10,194$6,246
30 years$38,676$27,726$19,497$13,489$9,211$5,526
31 years$37,023$26,211$18,176$12,389$8,327$4,892
32 years$35,476$24,800$16,959$11,385$7,533$4,332
33 years$34,026$23,486$15,835$10,470$6,817$3,837
34 years$32,665$22,260$14,795$9,633$6,172$3,400
35 years$31,384$21,113$13,832$8,868$5,590$3,014
36 years$30,176$20,039$12,940$8,167$5,065$2,672
37 years$29,037$19,033$12,111$7,525$4,591$2,369
38 years$27,961$18,088$11,342$6,936$4,162$2,101
39 years$26,942$17,200$10,626$6,395$3,774$1,864
40 years$25,976$16,364$9,960$5,899$3,423$1,653
41 years$25,060$15,577$9,339$5,442$3,106$1,467
42 years$24,190$14,835$8,760$5,023$2,818$1,301
43 years$23,362$14,135$8,220$4,636$2,558$1,155
44 years$22,575$13,474$7,716$4,281$2,321$1,025
45 years$21,824$12,848$7,245$3,954$2,107$910
46 years$21,108$12,257$6,805$3,652$1,913$808
47 years$20,425$11,697$6,393$3,374$1,738$717
48 years$19,772$11,166$6,008$3,118$1,578$636
49 years$19,148$10,663$5,647$2,881$1,433$565
50 years$18,551$10,186$5,309$2,663$1,302$502

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 $6,553 every year, while hoping to spend $32,236 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: 44/40/16 Blend
61$19,000,000$19,000,000$19,000,000$19,000,000
62$20,944,759$19,937,759$19,643,259$21,769,316
63$23,046,826$20,880,411$20,267,010$23,290,114
64$25,362,223$21,868,172$20,910,575$24,933,763
65$27,912,676$22,903,218$21,574,586$26,714,611
66$30,722,126$23,987,833$22,259,691$28,645,331
67$33,816,954$25,124,408$22,966,562$30,739,828
68$37,226,231$26,315,451$23,695,890$33,013,368
69$40,981,992$27,563,595$24,448,388$35,482,704
70$45,119,540$28,871,596$25,224,794$38,166,232
71$49,677,776$30,242,346$26,025,867$41,084,156
72$54,699,567$31,678,879$26,852,391$44,258,662
73$60,232,152$33,184,374$27,705,176$47,714,124
74$66,327,588$34,762,164$28,585,055$51,477,319
75$73,043,239$36,415,747$29,492,891$55,577,673
76$80,442,318$38,148,787$30,429,572$60,047,521
77$88,594,486$39,965,130$31,396,015$64,922,406
78$97,576,508$41,868,806$32,393,166$70,241,396
79$107,472,976$43,864,041$33,422,001$76,047,445
80$118,377,109$45,955,268$34,483,527$82,387,778
81$130,391,633$48,147,135$35,578,784$89,314,327
82$143,629,750$50,444,515$36,708,844$96,884,204
83$158,216,207$52,852,520$37,874,813$105,160,225
84$174,288,474$55,376,507$39,077,833$114,211,483
85$191,998,040$58,022,098$40,319,082$124,113,985
86$211,511,845$60,795,185$41,599,776$134,951,350
87$233,013,852$63,701,948$42,921,168$146,815,581
88$256,706,790$66,748,868$44,284,552$159,807,908
89$282,814,062$69,942,742$45,691,263$174,039,729
90$311,581,855$73,290,696$47,142,680$189,633,634
91$343,281,468$76,800,203$48,640,223$206,724,539
92$378,211,866$80,479,101$50,185,359$225,460,940
93$416,702,509$84,335,610$51,779,601$246,006,283
94$459,116,458$88,378,348$53,424,510$268,540,485
95$505,853,804$92,616,354$55,121,699$293,261,601
96$557,355,444$97,059,108$56,872,828$320,387,666
97$614,107,246$101,716,550$58,679,614$350,158,723
98$676,644,629$106,599,106$60,543,826$382,839,052
99$745,557,627$111,717,708$62,467,290$418,719,639
100$821,496,451$117,083,821$64,451,890$458,120,882