Can I retire at age 62 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,515,369
2 years$780,822$766,280$752,186$738,521$725,267$717,504
3 years$515,377$500,772$486,714$473,178$460,139$452,545
4 years$382,681$368,121$354,203$340,898$328,175$320,809
5 years$303,084$288,611$274,876$261,842$249,474$242,357
6 years$250,036$235,673$222,141$209,397$197,400$190,543
7 years$212,160$197,918$184,600$172,157$160,539$153,944
8 years$183,766$169,652$156,556$144,418$133,183$126,850
9 years$161,694$147,712$134,841$123,012$112,159$106,088
10 years$144,046$130,201$117,558$106,038$95,565$89,752
11 years$129,616$115,911$103,496$92,285$82,189$76,631
12 years$117,600$104,035$91,850$80,946$71,223$65,915
13 years$107,440$94,017$82,062$71,463$62,108$57,045
14 years$98,740$85,459$73,733$63,437$54,444$49,619
15 years$91,206$78,068$66,571$56,575$47,936$43,345
16 years$84,620$71,626$60,356$50,657$42,366$38,002
17 years$78,815$65,965$54,922$45,515$37,565$33,421
18 years$73,661$60,955$50,137$41,018$33,401$29,470
19 years$69,055$56,492$45,898$37,063$29,771$26,047
20 years$64,915$52,495$42,123$33,568$26,592$23,067
21 years$61,174$48,897$38,745$30,465$23,797$20,463
22 years$57,777$45,644$35,709$27,700$21,331$18,181
23 years$54,681$42,690$32,971$25,226$19,148$16,176
24 years$51,846$39,998$30,493$23,008$17,210$14,408
25 years$49,243$37,536$28,242$21,012$15,487$12,847
26 years$46,843$35,278$26,193$19,213$13,950$11,466
27 years$44,626$33,200$24,323$17,586$12,577$10,241
28 years$42,570$31,284$22,611$16,112$11,348$9,154
29 years$40,659$29,513$21,042$14,775$10,247$8,188
30 years$38,879$27,872$19,600$13,560$9,259$7,327
31 years$37,218$26,348$18,272$12,454$8,371$6,561
32 years$35,663$24,931$17,048$11,445$7,572$5,877
33 years$34,205$23,610$15,918$10,525$6,853$5,267
34 years$32,836$22,377$14,873$9,684$6,205$4,722
35 years$31,549$21,224$13,905$8,915$5,620$4,234
36 years$30,335$20,145$13,008$8,210$5,092$3,798
37 years$29,190$19,133$12,175$7,564$4,615$3,408
38 years$28,108$18,183$11,401$6,972$4,184$3,059
39 years$27,083$17,290$10,682$6,429$3,794$2,745
40 years$26,113$16,450$10,012$5,930$3,441$2,465
41 years$25,192$15,659$9,388$5,471$3,122$2,213
42 years$24,317$14,913$8,806$5,049$2,833$1,988
43 years$23,485$14,209$8,264$4,661$2,571$1,786
44 years$22,694$13,545$7,757$4,303$2,334$1,604
45 years$21,939$12,916$7,283$3,974$2,119$1,441
46 years$21,220$12,321$6,841$3,671$1,924$1,295
47 years$20,533$11,758$6,427$3,392$1,747$1,164
48 years$19,876$11,225$6,039$3,134$1,586$1,046
49 years$19,249$10,719$5,677$2,896$1,441$940
50 years$18,648$10,239$5,337$2,677$1,309$845

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,100,000, adding $4,831 every year, while hoping to spend $36,954 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: 42/41/17 Blend
61$19,100,000$19,100,000$19,100,000$19,100,000
62$21,053,183$20,040,883$19,744,833$21,832,365
63$23,161,289$20,983,568$20,366,966$23,325,866
64$25,483,183$21,971,205$21,008,702$24,938,139
65$28,040,633$23,005,959$21,670,659$26,683,257
66$30,857,625$24,090,099$22,353,473$28,573,409
67$33,960,591$25,226,002$23,057,803$30,621,966
68$37,378,657$26,416,162$23,784,325$32,843,602
69$41,143,920$27,663,193$24,533,740$35,254,420
70$45,291,747$28,969,837$25,306,768$37,872,095
71$49,861,114$30,338,968$26,104,153$40,716,032
72$54,894,969$31,773,599$26,926,664$43,807,542
73$60,440,641$33,276,890$27,775,092$47,170,028
74$66,550,281$34,852,153$28,650,252$50,829,196
75$73,281,363$36,502,862$29,552,989$54,813,289
76$80,697,219$38,232,658$30,484,171$59,153,339
77$88,867,638$40,045,361$31,444,693$63,883,447
78$97,869,527$41,944,975$32,435,481$69,041,095
79$107,787,638$43,935,697$33,457,488$74,667,480
80$118,715,361$46,021,930$34,511,698$80,807,894
81$130,755,614$48,208,291$35,599,126$87,512,136
82$144,021,808$50,499,618$36,720,818$94,834,963
83$158,638,921$52,900,988$37,877,854$102,836,591
84$174,744,677$55,417,723$39,071,348$111,583,250
85$192,490,844$58,055,401$40,302,448$121,147,787
86$212,044,670$60,819,875$41,572,340$131,610,334
87$233,590,458$63,717,282$42,882,246$143,059,049
88$257,331,310$66,754,053$44,233,426$155,590,925
89$283,491,039$69,936,938$45,627,181$169,312,681
90$312,316,287$73,273,009$47,064,854$184,341,752
91$344,078,848$76,769,687$48,547,827$200,807,369
92$379,078,239$80,434,750$50,077,527$218,851,758
93$417,644,524$84,276,357$51,655,429$238,631,452
94$460,141,429$88,303,063$53,283,049$260,318,746
95$506,969,779$92,523,837$54,961,956$284,103,290
96$558,571,280$96,948,088$56,693,765$310,193,854
97$615,432,687$101,585,681$58,480,142$338,820,264
98$678,090,402$106,446,960$60,322,808$370,235,540
99$747,135,537$111,542,776$62,223,536$404,718,249
100$823,219,493$116,884,503$64,184,156$442,575,102