Can I retire at age 62 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,488,553
2 years$788,998$774,304$760,063$746,255$732,861$682,509
3 years$520,774$506,016$491,811$478,133$464,957$416,290
4 years$386,688$371,975$357,912$344,468$331,612$285,001
5 years$306,257$291,633$277,755$264,584$252,086$207,657
6 years$252,655$238,140$224,467$211,590$199,467$157,256
7 years$214,382$199,990$186,533$173,960$162,220$122,222
8 years$185,691$171,428$158,195$145,931$134,577$96,763
9 years$163,387$149,259$136,253$124,301$113,333$77,658
10 years$145,554$131,565$118,789$107,148$96,566$62,975
11 years$130,973$117,124$104,580$93,251$83,050$51,479
12 years$118,831$105,124$92,812$81,794$71,969$42,349
13 years$108,565$95,002$82,921$72,212$62,759$35,015
14 years$99,774$86,354$74,505$64,101$55,014$29,070
15 years$92,161$78,886$67,268$57,167$48,438$24,214
16 years$85,506$72,376$60,988$51,187$42,810$20,225
17 years$79,641$66,656$55,497$45,991$37,958$16,930
18 years$74,433$61,593$50,662$41,447$33,751$14,199
19 years$69,778$57,084$46,378$37,451$30,083$11,926
20 years$65,595$53,045$42,564$33,919$26,871$10,030
21 years$61,814$49,409$39,150$30,784$24,046$8,445
22 years$58,382$46,122$36,083$27,990$21,554$7,117
23 years$55,253$43,137$33,316$25,491$19,348$6,002
24 years$52,389$40,416$30,812$23,249$17,390$5,064
25 years$49,758$37,929$28,538$21,232$15,649$4,276
26 years$47,334$35,647$26,468$19,414$14,096$3,612
27 years$45,093$33,548$24,578$17,770$12,709$3,052
28 years$43,015$31,612$22,848$16,281$11,467$2,580
29 years$41,085$29,822$21,262$14,930$10,355$2,181
30 years$39,286$28,164$19,805$13,702$9,356$1,845
31 years$37,607$26,624$18,463$12,584$8,459$1,560
32 years$36,036$25,192$17,227$11,565$7,652$1,320
33 years$34,563$23,857$16,085$10,635$6,925$1,117
34 years$33,180$22,611$15,029$9,785$6,269$945
35 years$31,879$21,446$14,051$9,008$5,678$800
36 years$30,653$20,356$13,144$8,296$5,145$677
37 years$29,496$19,333$12,303$7,644$4,663$573
38 years$28,402$18,374$11,521$7,045$4,228$485
39 years$27,367$17,471$10,794$6,496$3,834$411
40 years$26,386$16,623$10,117$5,992$3,477$348
41 years$25,456$15,823$9,487$5,528$3,155$294
42 years$24,572$15,070$8,899$5,102$2,863$249
43 years$23,731$14,358$8,350$4,710$2,598$211
44 years$22,931$13,686$7,838$4,349$2,358$179
45 years$22,169$13,051$7,360$4,016$2,141$151
46 years$21,442$12,450$6,912$3,710$1,944$128
47 years$20,748$11,881$6,494$3,427$1,765$108
48 years$20,085$11,342$6,103$3,167$1,603$92
49 years$19,450$10,831$5,736$2,927$1,456$78
50 years$18,844$10,347$5,393$2,705$1,322$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,300,000, adding $5,505 every year, while hoping to spend $20,735 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: 46/26/28 Blend
61$19,300,000$19,300,000$19,300,000$19,300,000
62$21,274,278$20,251,378$19,952,228$22,081,102
63$23,422,193$21,221,634$20,598,566$23,623,503
64$25,788,500$22,238,737$21,265,861$25,293,586
65$28,395,453$23,304,962$21,954,794$27,105,317
66$31,267,576$24,422,692$22,666,067$29,071,983
67$34,431,893$25,594,428$23,400,404$31,208,173
68$37,918,184$26,822,792$24,158,555$33,529,915
69$41,759,264$28,110,535$24,941,292$36,054,820
70$45,991,298$29,460,540$25,749,415$38,802,235
71$50,654,136$30,875,832$26,583,745$41,793,425
72$55,791,693$32,359,583$27,445,136$45,051,764
73$61,452,361$33,915,118$28,334,464$48,602,945
74$67,689,471$35,545,927$29,252,637$52,475,213
75$74,561,788$37,255,669$30,200,591$56,699,629
76$82,134,073$39,048,179$31,179,293$61,310,348
77$90,477,691$40,927,482$32,189,742$66,344,931
78$99,671,285$42,897,799$33,232,968$71,844,695
79$109,801,519$44,963,554$34,310,036$77,855,086
80$120,963,896$47,129,390$35,422,044$84,426,100
81$133,263,657$49,400,174$36,570,127$91,612,742
82$146,816,780$51,781,013$37,755,456$99,475,535
83$161,751,069$54,277,259$38,979,240$108,081,076
84$178,207,363$56,894,530$40,242,730$117,502,653
85$196,340,865$59,638,714$41,547,213$127,820,920
86$216,322,611$62,515,988$42,894,022$139,124,649
87$238,341,076$65,532,830$44,284,530$151,511,546
88$262,603,961$68,696,034$45,720,158$165,089,163
89$289,340,152$72,012,727$47,202,370$179,975,894
90$318,801,878$75,490,381$48,732,680$196,302,076
91$351,267,094$79,136,834$50,312,649$214,211,200
92$387,042,107$82,960,308$51,943,892$233,861,247
93$426,464,462$86,969,423$53,628,072$255,426,159
94$469,906,135$91,173,223$55,366,911$279,097,463
95$517,777,042$95,581,192$57,162,183$305,086,054
96$570,528,906$100,203,276$59,015,722$333,624,163
97$628,659,526$105,049,909$60,929,421$364,967,527
98$692,717,475$110,132,031$62,905,234$399,397,779
99$763,307,277$115,461,120$64,945,178$437,225,078
100$841,095,116$121,049,212$67,051,339$478,791,013