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%13.2%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,510,651
2 years$784,910$770,292$756,124$742,388$729,064$708,561
3 years$518,075$503,394$489,263$475,655$462,548$442,562
4 years$384,684$370,048$356,058$342,683$329,893$310,578
5 years$304,671$290,122$276,316$263,213$250,780$232,192
6 years$251,346$236,907$223,304$210,494$198,433$180,595
7 years$213,271$198,954$185,567$173,059$161,380$144,298
8 years$184,728$170,540$157,375$145,175$133,880$117,552
9 years$162,540$148,486$135,547$123,656$112,746$97,165
10 years$144,800$130,883$118,173$106,593$96,065$81,220
11 years$130,295$116,517$104,038$92,768$82,619$68,496
12 years$118,216$104,580$92,331$81,370$71,596$58,178
13 years$108,003$94,510$82,492$71,837$62,433$49,703
14 years$99,257$85,907$74,119$63,769$54,729$42,667
15 years$91,683$78,477$66,919$56,871$48,187$36,775
16 years$85,063$72,001$60,672$50,922$42,588$31,802
17 years$79,228$66,311$55,209$45,753$37,762$27,581
18 years$74,047$61,274$50,399$41,233$33,576$23,978
19 years$69,417$56,788$46,138$37,257$29,927$20,889
20 years$65,255$52,770$42,343$33,743$26,731$18,231
21 years$61,494$49,153$38,947$30,624$23,921$15,935
22 years$58,080$45,883$35,896$27,845$21,442$13,947
23 years$54,967$42,913$33,144$25,359$19,248$12,221
24 years$52,118$40,207$30,652$23,128$17,300$10,719
25 years$49,501$37,732$28,390$21,122$15,568$9,410
26 years$47,089$35,462$26,330$19,313$14,023$8,267
27 years$44,859$33,374$24,450$17,678$12,643$7,268
28 years$42,793$31,448$22,730$16,197$11,408$6,394
29 years$40,872$29,668$21,152$14,853$10,301$5,627
30 years$39,083$28,018$19,702$13,631$9,308$4,955
31 years$37,412$26,486$18,368$12,519$8,415$4,364
32 years$35,850$25,062$17,137$11,505$7,612$3,845
33 years$34,384$23,734$16,001$10,580$6,889$3,389
34 years$33,008$22,494$14,951$9,735$6,237$2,988
35 years$31,714$21,335$13,978$8,961$5,649$2,635
36 years$30,494$20,250$13,076$8,253$5,118$2,324
37 years$29,343$19,233$12,239$7,604$4,639$2,051
38 years$28,255$18,278$11,461$7,009$4,206$1,809
39 years$27,225$17,381$10,738$6,463$3,814$1,597
40 years$26,249$16,537$10,065$5,961$3,459$1,409
41 years$25,324$15,741$9,437$5,500$3,138$1,244
42 years$24,444$14,991$8,853$5,075$2,848$1,098
43 years$23,608$14,284$8,307$4,685$2,584$969
44 years$22,812$13,615$7,798$4,326$2,346$856
45 years$22,054$12,984$7,322$3,995$2,130$756
46 years$21,331$12,386$6,877$3,690$1,934$667
47 years$20,640$11,820$6,460$3,410$1,756$589
48 years$19,980$11,284$6,071$3,151$1,595$520
49 years$19,350$10,775$5,706$2,912$1,448$459
50 years$18,746$10,293$5,365$2,691$1,315$406

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 $6,089 every year, while hoping to spend $54,106 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: 60/12/28 Blend
61$19,200,000$19,200,000$19,200,000$19,200,000
62$21,164,681$20,147,081$19,849,481$22,273,764
63$23,265,910$21,076,719$20,456,870$23,960,768
64$25,579,651$22,050,097$21,082,793$25,794,410
65$28,127,523$23,069,299$21,727,815$27,794,160
66$30,933,349$24,136,513$22,392,515$29,976,211
67$34,023,378$25,254,030$23,077,492$32,358,383
68$37,426,538$26,424,253$23,783,363$34,960,281
69$41,174,702$27,649,699$24,510,763$37,803,484
70$45,302,995$28,933,007$25,260,347$40,911,736
71$49,850,121$30,276,945$26,032,789$44,311,171
72$54,858,729$31,684,411$26,828,783$48,030,558
73$60,375,818$33,158,446$27,649,047$52,101,560
74$66,453,178$34,702,236$28,494,316$56,559,035
75$73,147,877$36,319,121$29,365,351$61,441,359
76$80,522,805$38,012,602$30,262,934$66,790,781
77$88,647,262$39,786,350$31,187,873$72,653,817
78$97,597,614$41,644,213$32,140,998$79,081,686
79$107,458,014$43,590,222$33,123,164$86,130,787
80$118,321,196$45,628,608$34,135,255$93,863,222
81$130,289,351$47,763,803$35,178,179$102,347,380
82$143,475,088$50,000,452$36,252,871$111,658,576
83$158,002,501$52,343,429$37,360,297$121,879,752
84$174,008,339$54,797,840$38,501,450$133,102,258
85$191,643,294$57,369,038$39,677,352$145,426,701
86$211,073,426$60,062,638$40,889,060$158,963,893
87$232,481,732$62,884,523$42,137,660$173,835,887
88$256,069,867$65,840,863$43,424,270$190,177,117
89$282,060,055$68,938,127$44,750,044$208,135,666
90$310,697,180$72,183,094$46,116,170$227,874,650
91$342,251,102$75,582,876$47,523,872$249,573,749
92$377,019,203$79,144,925$48,974,410$273,430,895
93$415,329,193$82,877,058$50,469,084$299,664,131
94$457,542,203$86,787,466$52,009,231$328,513,655
95$504,056,198$90,884,742$53,596,231$360,244,082
96$555,309,728$95,177,892$55,231,502$395,146,926
97$611,786,072$99,676,360$56,916,509$433,543,345
98$674,017,797$104,390,048$58,652,758$475,787,155
99$742,591,789$109,329,337$60,441,802$522,268,160
100$818,154,790$114,505,113$62,285,241$573,415,821