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%11.4%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,522,024
2 years$784,910$770,292$756,124$742,388$729,064$719,974
3 years$518,075$503,394$489,263$475,655$462,548$453,659
4 years$384,684$370,048$356,058$342,683$329,893$321,274
5 years$304,671$290,122$276,316$263,213$250,780$242,456
6 years$251,346$236,907$223,304$210,494$198,433$190,415
7 years$213,271$198,954$185,567$173,059$161,380$153,672
8 years$184,728$170,540$157,375$145,175$133,880$126,482
9 years$162,540$148,486$135,547$123,656$112,746$105,657
10 years$144,800$130,883$118,173$106,593$96,065$89,281
11 years$130,295$116,517$104,038$92,768$82,619$76,136
12 years$118,216$104,580$92,331$81,370$71,596$65,407
13 years$108,003$94,510$82,492$71,837$62,433$56,533
14 years$99,257$85,907$74,119$63,769$54,729$49,110
15 years$91,683$78,477$66,919$56,871$48,187$42,844
16 years$85,063$72,001$60,672$50,922$42,588$37,512
17 years$79,228$66,311$55,209$45,753$37,762$32,944
18 years$74,047$61,274$50,399$41,233$33,576$29,009
19 years$69,417$56,788$46,138$37,257$29,927$25,602
20 years$65,255$52,770$42,343$33,743$26,731$22,641
21 years$61,494$49,153$38,947$30,624$23,921$20,056
22 years$58,080$45,883$35,896$27,845$21,442$17,793
23 years$54,967$42,913$33,144$25,359$19,248$15,806
24 years$52,118$40,207$30,652$23,128$17,300$14,058
25 years$49,501$37,732$28,390$21,122$15,568$12,515
26 years$47,089$35,462$26,330$19,313$14,023$11,152
27 years$44,859$33,374$24,450$17,678$12,643$9,946
28 years$42,793$31,448$22,730$16,197$11,408$8,876
29 years$40,872$29,668$21,152$14,853$10,301$7,926
30 years$39,083$28,018$19,702$13,631$9,308$7,082
31 years$37,412$26,486$18,368$12,519$8,415$6,331
32 years$35,850$25,062$17,137$11,505$7,612$5,662
33 years$34,384$23,734$16,001$10,580$6,889$5,065
34 years$33,008$22,494$14,951$9,735$6,237$4,533
35 years$31,714$21,335$13,978$8,961$5,649$4,059
36 years$30,494$20,250$13,076$8,253$5,118$3,635
37 years$29,343$19,233$12,239$7,604$4,639$3,256
38 years$28,255$18,278$11,461$7,009$4,206$2,917
39 years$27,225$17,381$10,738$6,463$3,814$2,614
40 years$26,249$16,537$10,065$5,961$3,459$2,343
41 years$25,324$15,741$9,437$5,500$3,138$2,100
42 years$24,444$14,991$8,853$5,075$2,848$1,883
43 years$23,608$14,284$8,307$4,685$2,584$1,688
44 years$22,812$13,615$7,798$4,326$2,346$1,514
45 years$22,054$12,984$7,322$3,995$2,130$1,358
46 years$21,331$12,386$6,877$3,690$1,934$1,218
47 years$20,640$11,820$6,460$3,410$1,756$1,093
48 years$19,980$11,284$6,071$3,151$1,595$980
49 years$19,350$10,775$5,706$2,912$1,448$879
50 years$18,746$10,293$5,365$2,691$1,315$789

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 $4,623 every year, while hoping to spend $20,486 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: 41/48/11 Blend
61$19,200,000$19,200,000$19,200,000$19,200,000
62$21,163,169$20,145,569$19,847,969$21,961,727
63$23,300,015$21,110,905$20,491,079$23,488,208
64$25,654,133$22,122,855$21,155,046$25,136,914
65$28,247,663$23,183,683$21,840,548$26,920,851
66$31,105,002$24,295,762$22,548,285$28,852,317
67$34,253,036$25,461,578$23,278,976$30,944,794
68$37,721,393$26,683,742$24,033,369$33,213,068
69$41,542,720$27,964,991$24,812,232$35,673,355
70$45,752,995$29,308,193$25,616,359$38,343,445
71$50,391,866$30,716,360$26,446,572$41,242,861
72$55,503,021$32,192,646$27,303,718$44,393,028
73$61,134,607$33,740,363$28,188,669$47,817,466
74$67,339,677$35,362,982$29,102,331$51,541,997
75$74,176,700$37,064,144$30,045,634$55,594,975
76$81,710,102$38,847,666$31,019,542$60,007,543
77$90,010,884$40,717,553$32,025,048$64,813,910
78$99,157,286$42,678,005$33,063,179$70,051,657
79$109,235,528$44,733,425$34,134,994$75,762,078
80$120,340,622$46,888,434$35,241,587$81,990,553
81$132,577,273$49,147,874$36,384,087$88,786,955
82$146,060,862$51,516,827$37,563,662$96,206,109
83$160,918,540$54,000,621$38,781,514$104,308,282
84$177,290,424$56,604,845$40,038,888$113,159,737
85$195,330,923$59,335,358$41,337,066$122,833,338
86$215,210,195$62,198,308$42,677,376$133,409,210
87$237,115,751$65,200,142$44,061,184$144,975,477
88$261,254,229$68,347,620$45,489,905$157,629,066
89$287,853,340$71,647,834$46,964,997$171,476,599
90$317,164,023$75,108,220$48,487,967$186,635,370
91$349,462,810$78,736,579$50,060,370$203,234,428
92$385,054,436$82,541,091$51,683,812$221,415,758
93$424,274,721$86,530,337$53,359,952$241,335,601
94$467,493,734$90,713,314$55,090,502$263,165,886
95$515,119,290$95,099,462$56,877,229$287,095,826
96$567,600,801$99,698,679$58,721,959$313,333,665
97$625,433,515$104,521,347$60,626,577$342,108,610
98$689,163,195$109,578,354$62,593,029$373,672,951
99$759,391,269$114,881,122$64,623,324$408,304,404
100$836,780,510$120,441,629$66,719,537$446,308,689