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%18.1%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,465,415
2 years$776,734$762,268$748,248$734,655$721,470$671,900
3 years$512,679$498,150$484,166$470,701$457,730$409,819
4 years$380,677$366,193$352,349$339,113$326,457$280,571
5 years$301,497$287,100$273,437$260,471$248,167$204,429
6 years$248,727$234,439$220,978$208,301$196,366$154,812
7 years$211,050$196,881$183,634$171,256$159,698$120,322
8 years$182,804$168,764$155,736$143,662$132,485$95,259
9 years$160,847$146,939$134,135$122,368$111,572$76,451
10 years$143,292$129,520$116,942$105,483$95,065$61,996
11 years$128,937$115,304$102,954$91,802$81,759$50,679
12 years$116,984$103,490$91,369$80,522$70,850$41,691
13 years$106,878$93,525$81,632$71,089$61,783$34,471
14 years$98,223$85,012$73,347$63,105$54,159$28,618
15 years$90,728$77,660$66,222$56,279$47,686$23,838
16 years$84,177$71,251$60,040$50,391$42,145$19,910
17 years$78,403$65,620$54,634$45,276$37,368$16,667
18 years$73,276$60,636$49,874$40,803$33,226$13,978
19 years$68,694$56,197$45,657$36,869$29,615$11,741
20 years$64,575$52,221$41,902$33,392$26,453$9,875
21 years$60,853$48,641$38,542$30,305$23,672$8,314
22 years$57,475$45,405$35,522$27,554$21,219$7,006
23 years$54,394$42,466$32,798$25,094$19,047$5,908
24 years$51,575$39,788$30,333$22,888$17,120$4,986
25 years$48,985$37,339$28,094$20,902$15,406$4,209
26 years$46,598$35,093$26,056$19,112$13,877$3,556
27 years$44,392$33,026$24,195$17,494$12,511$3,005
28 years$42,347$31,121$22,493$16,028$11,289$2,540
29 years$40,446$29,359$20,931$14,698$10,194$2,147
30 years$38,676$27,726$19,497$13,489$9,211$1,816
31 years$37,023$26,211$18,176$12,389$8,327$1,536
32 years$35,476$24,800$16,959$11,385$7,533$1,299
33 years$34,026$23,486$15,835$10,470$6,817$1,099
34 years$32,665$22,260$14,795$9,633$6,172$930
35 years$31,384$21,113$13,832$8,868$5,590$787
36 years$30,176$20,039$12,940$8,167$5,065$666
37 years$29,037$19,033$12,111$7,525$4,591$564
38 years$27,961$18,088$11,342$6,936$4,162$477
39 years$26,942$17,200$10,626$6,395$3,774$404
40 years$25,976$16,364$9,960$5,899$3,423$342
41 years$25,060$15,577$9,339$5,442$3,106$290
42 years$24,190$14,835$8,760$5,023$2,818$245
43 years$23,362$14,135$8,220$4,636$2,558$208
44 years$22,575$13,474$7,716$4,281$2,321$176
45 years$21,824$12,848$7,245$3,954$2,107$149
46 years$21,108$12,257$6,805$3,652$1,913$126
47 years$20,425$11,697$6,393$3,374$1,738$107
48 years$19,772$11,166$6,008$3,118$1,578$90
49 years$19,148$10,663$5,647$2,881$1,433$76
50 years$18,551$10,186$5,309$2,663$1,302$65

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 $6,569 every year, while hoping to spend $58,613 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: 70/10/20 Blend
61$19,000,000$19,000,000$19,000,000$19,000,000
62$20,944,776$19,937,776$19,643,276$22,307,976
63$23,018,779$20,852,363$20,238,962$24,132,669
64$25,302,367$21,809,801$20,852,639$26,121,673
65$27,816,853$22,812,126$21,484,848$28,297,338
66$30,585,728$23,861,476$22,136,145$30,678,121
67$33,634,871$24,960,087$22,807,105$33,284,341
68$36,992,803$26,110,307$23,498,319$36,138,367
69$40,690,951$27,314,593$24,210,394$39,264,823
70$44,763,943$28,575,524$24,943,957$42,690,825
71$49,249,939$29,895,799$25,699,654$46,446,225
72$54,190,990$31,278,249$26,478,149$50,563,894
73$59,633,430$32,725,843$27,280,127$55,080,030
74$65,628,321$34,241,691$28,106,292$60,034,491
75$72,231,928$35,829,051$28,957,371$65,471,175
76$79,506,252$37,491,342$29,834,110$71,438,422
77$87,519,617$39,232,146$30,737,280$77,989,471
78$96,347,313$41,055,216$31,667,674$85,182,960
79$106,072,306$42,964,488$32,626,108$93,083,470
80$116,786,021$44,964,089$33,613,423$101,762,134
81$128,589,208$47,058,341$34,630,485$111,297,302
82$141,592,886$49,251,779$35,678,185$121,775,276
83$155,919,398$51,549,153$36,757,442$133,291,118
84$171,703,561$53,955,447$37,869,201$145,949,545
85$189,093,941$56,475,881$39,014,436$159,865,911
86$208,254,254$59,115,929$40,194,150$175,167,287
87$229,364,909$61,881,331$41,409,376$191,993,657
88$252,624,716$64,778,102$42,661,176$210,499,233
89$278,252,757$67,812,550$43,950,646$230,853,905
90$306,490,459$70,991,285$45,278,913$253,244,836
91$337,603,868$74,321,241$46,647,139$277,878,221
92$371,886,164$77,809,682$48,056,519$304,981,229
93$409,660,424$81,464,228$49,508,284$334,804,136
94$451,282,678$85,292,866$51,003,702$367,622,683
95$497,145,264$89,303,970$52,544,079$403,740,669
96$547,680,534$93,506,317$54,130,759$443,492,809
97$603,364,935$97,909,113$55,765,125$487,247,886
98$664,723,505$102,522,007$57,448,604$535,412,223
99$732,334,834$107,355,116$59,182,664$588,433,508
100$806,836,518$112,419,048$60,968,814$646,805,009