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

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,483,233
2 years$780,822$766,280$752,186$738,521$725,267$685,413
3 years$515,377$500,772$486,714$473,178$460,139$421,505
4 years$382,681$368,121$354,203$340,898$328,175$291,059
5 years$303,084$288,611$274,876$261,842$249,474$213,977
6 years$250,036$235,673$222,141$209,397$197,400$163,558
7 years$212,160$197,918$184,600$172,157$160,539$128,354
8 years$183,766$169,652$156,556$144,418$133,183$102,639
9 years$161,694$147,712$134,841$123,012$112,159$83,230
10 years$144,046$130,201$117,558$106,038$95,565$68,215
11 years$129,616$115,911$103,496$92,285$82,189$56,376
12 years$117,600$104,035$91,850$80,946$71,223$46,902
13 years$107,440$94,017$82,062$71,463$62,108$39,228
14 years$98,740$85,459$73,733$63,437$54,444$32,952
15 years$91,206$78,068$66,571$56,575$47,936$27,779
16 years$84,620$71,626$60,356$50,657$42,366$23,487
17 years$78,815$65,965$54,922$45,515$37,565$19,907
18 years$73,661$60,955$50,137$41,018$33,401$16,908
19 years$69,055$56,492$45,898$37,063$29,771$14,385
20 years$64,915$52,495$42,123$33,568$26,592$12,256
21 years$61,174$48,897$38,745$30,465$23,797$10,455
22 years$57,777$45,644$35,709$27,700$21,331$8,928
23 years$54,681$42,690$32,971$25,226$19,148$7,630
24 years$51,846$39,998$30,493$23,008$17,210$6,527
25 years$49,243$37,536$28,242$21,012$15,487$5,586
26 years$46,843$35,278$26,193$19,213$13,950$4,783
27 years$44,626$33,200$24,323$17,586$12,577$4,098
28 years$42,570$31,284$22,611$16,112$11,348$3,512
29 years$40,659$29,513$21,042$14,775$10,247$3,011
30 years$38,879$27,872$19,600$13,560$9,259$2,583
31 years$37,218$26,348$18,272$12,454$8,371$2,215
32 years$35,663$24,931$17,048$11,445$7,572$1,901
33 years$34,205$23,610$15,918$10,525$6,853$1,631
34 years$32,836$22,377$14,873$9,684$6,205$1,400
35 years$31,549$21,224$13,905$8,915$5,620$1,202
36 years$30,335$20,145$13,008$8,210$5,092$1,032
37 years$29,190$19,133$12,175$7,564$4,615$886
38 years$28,108$18,183$11,401$6,972$4,184$761
39 years$27,083$17,290$10,682$6,429$3,794$653
40 years$26,113$16,450$10,012$5,930$3,441$561
41 years$25,192$15,659$9,388$5,471$3,122$482
42 years$24,317$14,913$8,806$5,049$2,833$414
43 years$23,485$14,209$8,264$4,661$2,571$355
44 years$22,694$13,545$7,757$4,303$2,334$305
45 years$21,939$12,916$7,283$3,974$2,119$262
46 years$21,220$12,321$6,841$3,671$1,924$225
47 years$20,533$11,758$6,427$3,392$1,747$193
48 years$19,876$11,225$6,039$3,134$1,586$166
49 years$19,249$10,719$5,677$2,896$1,441$143
50 years$18,648$10,239$5,337$2,677$1,309$123

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 $4,362 every year, while hoping to spend $58,071 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: 67/6/27 Blend
61$19,100,000$19,100,000$19,100,000$19,100,000
62$21,052,699$20,040,399$19,744,349$22,314,593
63$23,138,288$20,960,592$20,343,998$24,085,037
64$25,434,660$21,923,927$20,961,789$26,013,720
65$27,963,254$22,932,459$21,598,267$28,121,927
66$30,747,694$23,988,338$22,253,998$30,427,392
67$33,814,011$25,093,818$22,929,559$32,949,639
68$37,190,889$26,251,264$23,625,548$35,710,162
69$40,909,935$27,463,152$24,342,579$38,732,626
70$45,005,980$28,732,078$25,081,287$42,043,087
71$49,517,404$30,060,763$25,842,324$45,670,236
72$54,486,498$31,452,060$26,626,361$49,645,667
73$59,959,867$32,908,957$27,434,090$54,004,171
74$65,988,865$34,434,588$28,266,224$58,784,061
75$72,630,084$36,032,237$29,123,497$64,027,532
76$79,945,883$37,705,347$30,006,665$69,781,055
77$88,004,981$39,457,527$30,916,506$76,095,813
78$96,883,103$41,292,559$31,853,822$83,028,176
79$106,663,693$43,214,409$32,819,440$90,640,239
80$117,438,707$45,227,232$33,814,208$99,000,392
81$129,309,475$47,335,386$34,839,004$108,183,971
82$142,387,660$49,543,439$35,894,729$118,273,961
83$156,796,312$51,856,177$36,982,312$129,361,774
84$172,671,026$54,278,621$38,102,711$141,548,112
85$190,161,229$56,816,031$39,256,910$154,943,906
86$209,431,581$59,473,924$40,445,923$169,671,364
87$230,663,538$62,258,082$41,670,797$185,865,115
88$254,057,057$65,174,566$42,932,607$203,673,481
89$279,832,489$68,229,732$44,232,462$223,259,863
90$308,232,656$71,430,242$45,571,502$244,804,285
91$339,525,144$74,783,080$46,950,904$268,505,084
92$374,004,827$78,295,569$48,371,877$294,580,777
93$411,996,653$81,975,386$49,835,669$323,272,118
94$453,858,710$85,830,579$51,343,563$354,844,362
95$499,985,608$89,869,586$52,896,881$389,589,765
96$550,812,197$94,101,254$54,496,984$427,830,333
97$606,817,683$98,534,857$56,145,275$469,920,857
98$668,530,142$103,180,119$57,843,197$516,252,251
99$736,531,508$108,047,237$59,592,236$567,255,240
100$811,463,070$113,146,900$61,393,923$623,404,412