Can I retire at age 62 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,499,509
2 years$784,910$770,292$756,124$742,388$729,064$697,446
3 years$518,075$503,394$489,263$475,655$462,548$431,824
4 years$384,684$370,048$356,058$342,683$329,893$300,300
5 years$304,671$290,122$276,316$263,213$250,780$222,401
6 years$251,346$236,907$223,304$210,494$198,433$171,299
7 years$213,271$198,954$185,567$173,059$161,380$135,496
8 years$184,728$170,540$157,375$145,175$133,880$109,239
9 years$162,540$148,486$135,547$123,656$112,746$89,332
10 years$144,800$130,883$118,173$106,593$96,065$73,854
11 years$130,295$116,517$104,038$92,768$82,619$61,583
12 years$118,216$104,580$92,331$81,370$71,596$51,704
13 years$108,003$94,510$82,492$71,837$62,433$43,651
14 years$99,257$85,907$74,119$63,769$54,729$37,021
15 years$91,683$78,477$66,919$56,871$48,187$31,515
16 years$85,063$72,001$60,672$50,922$42,588$26,913
17 years$79,228$66,311$55,209$45,753$37,762$23,043
18 years$74,047$61,274$50,399$41,233$33,576$19,773
19 years$69,417$56,788$46,138$37,257$29,927$16,999
20 years$65,255$52,770$42,343$33,743$26,731$14,637
21 years$61,494$49,153$38,947$30,624$23,921$12,621
22 years$58,080$45,883$35,896$27,845$21,442$10,895
23 years$54,967$42,913$33,144$25,359$19,248$9,415
24 years$52,118$40,207$30,652$23,128$17,300$8,142
25 years$49,501$37,732$28,390$21,122$15,568$7,047
26 years$47,089$35,462$26,330$19,313$14,023$6,103
27 years$44,859$33,374$24,450$17,678$12,643$5,288
28 years$42,793$31,448$22,730$16,197$11,408$4,584
29 years$40,872$29,668$21,152$14,853$10,301$3,976
30 years$39,083$28,018$19,702$13,631$9,308$3,449
31 years$37,412$26,486$18,368$12,519$8,415$2,993
32 years$35,850$25,062$17,137$11,505$7,612$2,598
33 years$34,384$23,734$16,001$10,580$6,889$2,256
34 years$33,008$22,494$14,951$9,735$6,237$1,959
35 years$31,714$21,335$13,978$8,961$5,649$1,702
36 years$30,494$20,250$13,076$8,253$5,118$1,478
37 years$29,343$19,233$12,239$7,604$4,639$1,284
38 years$28,255$18,278$11,461$7,009$4,206$1,116
39 years$27,225$17,381$10,738$6,463$3,814$970
40 years$26,249$16,537$10,065$5,961$3,459$843
41 years$25,324$15,741$9,437$5,500$3,138$733
42 years$24,444$14,991$8,853$5,075$2,848$637
43 years$23,608$14,284$8,307$4,685$2,584$553
44 years$22,812$13,615$7,798$4,326$2,346$481
45 years$22,054$12,984$7,322$3,995$2,130$418
46 years$21,331$12,386$6,877$3,690$1,934$364
47 years$20,640$11,820$6,460$3,410$1,756$316
48 years$19,980$11,284$6,071$3,151$1,595$275
49 years$19,350$10,775$5,706$2,912$1,448$239
50 years$18,746$10,293$5,365$2,691$1,315$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,200,000, adding $5,446 every year, while hoping to spend $36,301 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: 30/47/23 Blend
61$19,200,000$19,200,000$19,200,000$19,200,000
62$21,164,018$20,146,418$19,848,818$21,647,431
63$23,284,123$21,094,968$20,475,129$22,967,593
64$25,619,263$22,088,781$21,121,205$24,383,220
65$28,191,333$23,130,035$21,787,670$25,905,415
66$31,024,458$24,221,017$22,475,167$27,543,433
67$34,145,228$25,364,121$23,184,359$29,307,405
68$37,582,938$26,561,861$23,915,933$31,208,417
69$41,369,874$27,816,868$24,670,593$33,258,608
70$45,541,612$29,131,906$25,449,069$35,471,275
71$50,137,356$30,509,869$26,252,112$37,860,985
72$55,200,307$31,953,792$27,080,498$40,443,701
73$60,778,070$33,466,860$27,935,026$43,236,921
74$66,923,105$35,052,409$28,816,522$46,259,831
75$73,693,224$36,713,938$29,725,837$49,533,470
76$81,152,128$38,455,117$30,663,849$53,080,915
77$89,370,021$40,279,793$31,631,463$56,927,489
78$98,424,260$42,192,000$32,629,614$61,100,977
79$108,400,094$44,195,968$33,659,266$65,631,876
80$119,391,465$46,296,132$34,721,413$70,553,667
81$131,501,895$48,497,142$35,817,080$75,903,111
82$144,845,462$50,803,876$36,947,326$81,720,579
83$159,547,880$53,221,446$38,113,242$88,050,412
84$175,747,682$55,755,216$39,315,954$94,941,320
85$193,597,530$58,410,806$40,556,623$102,446,822
86$213,265,656$61,194,113$41,836,448$110,625,727
87$234,937,447$64,111,319$43,156,663$119,542,665
88$258,817,201$67,168,908$44,518,545$129,268,678
89$285,130,047$70,373,676$45,923,408$139,881,857
90$314,124,079$73,732,753$47,372,609$151,468,059
91$346,072,691$77,253,614$48,867,548$164,121,687
92$381,277,162$80,944,097$50,409,667$177,946,551
93$420,069,498$84,812,424$52,000,457$193,056,821
94$462,815,568$88,867,214$53,641,453$209,578,067
95$509,918,554$93,117,506$55,334,241$227,648,415
96$561,822,764$97,572,780$57,080,454$247,419,815
97$619,017,816$102,242,977$58,881,780$269,059,439
98$682,043,272$107,138,522$60,739,958$292,751,217
99$751,493,722$112,270,345$62,656,783$318,697,539
100$828,024,401$117,649,912$64,634,105$347,121,117