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

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,514,760
2 years$788,998$774,304$760,063$746,255$732,861$708,494
3 years$520,774$506,016$491,811$478,133$464,957$441,230
4 years$386,688$371,975$357,912$344,468$331,612$308,706
5 years$306,257$291,633$277,755$264,584$252,086$230,069
6 years$252,655$238,140$224,467$211,590$199,467$178,364
7 years$214,382$199,990$186,533$173,960$162,220$142,038
8 years$185,691$171,428$158,195$145,931$134,577$115,312
9 years$163,387$149,259$136,253$124,301$113,333$94,975
10 years$145,554$131,565$118,789$107,148$96,566$79,100
11 years$130,973$117,124$104,580$93,251$83,050$66,458
12 years$118,831$105,124$92,812$81,794$71,969$56,231
13 years$108,565$95,002$82,921$72,212$62,759$47,851
14 years$99,774$86,354$74,505$64,101$55,014$40,913
15 years$92,161$78,886$67,268$57,167$48,438$35,118
16 years$85,506$72,376$60,988$51,187$42,810$30,243
17 years$79,641$66,656$55,497$45,991$37,958$26,118
18 years$74,433$61,593$50,662$41,447$33,751$22,608
19 years$69,778$57,084$46,378$37,451$30,083$19,609
20 years$65,595$53,045$42,564$33,919$26,871$17,038
21 years$61,814$49,409$39,150$30,784$24,046$14,825
22 years$58,382$46,122$36,083$27,990$21,554$12,916
23 years$55,253$43,137$33,316$25,491$19,348$11,265
24 years$52,389$40,416$30,812$23,249$17,390$9,835
25 years$49,758$37,929$28,538$21,232$15,649$8,593
26 years$47,334$35,647$26,468$19,414$14,096$7,514
27 years$45,093$33,548$24,578$17,770$12,709$6,574
28 years$43,015$31,612$22,848$16,281$11,467$5,755
29 years$41,085$29,822$21,262$14,930$10,355$5,040
30 years$39,286$28,164$19,805$13,702$9,356$4,416
31 years$37,607$26,624$18,463$12,584$8,459$3,871
32 years$36,036$25,192$17,227$11,565$7,652$3,394
33 years$34,563$23,857$16,085$10,635$6,925$2,976
34 years$33,180$22,611$15,029$9,785$6,269$2,611
35 years$31,879$21,446$14,051$9,008$5,678$2,291
36 years$30,653$20,356$13,144$8,296$5,145$2,010
37 years$29,496$19,333$12,303$7,644$4,663$1,764
38 years$28,402$18,374$11,521$7,045$4,228$1,549
39 years$27,367$17,471$10,794$6,496$3,834$1,360
40 years$26,386$16,623$10,117$5,992$3,477$1,194
41 years$25,456$15,823$9,487$5,528$3,155$1,048
42 years$24,572$15,070$8,899$5,102$2,863$921
43 years$23,731$14,358$8,350$4,710$2,598$809
44 years$22,931$13,686$7,838$4,349$2,358$710
45 years$22,169$13,051$7,360$4,016$2,141$624
46 years$21,442$12,450$6,912$3,710$1,944$548
47 years$20,748$11,881$6,494$3,427$1,765$481
48 years$20,085$11,342$6,103$3,167$1,603$423
49 years$19,450$10,831$5,736$2,927$1,456$372
50 years$18,844$10,347$5,393$2,705$1,322$326

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 $4,932 every year, while hoping to spend $47,282 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: 38/38/24 Blend
61$19,300,000$19,300,000$19,300,000$19,300,000
62$21,273,687$20,250,787$19,951,637$21,929,409
63$23,393,296$21,192,768$20,569,710$23,349,440
64$25,727,520$22,179,322$21,206,902$24,878,332
65$28,298,200$23,212,581$21,863,807$26,529,754
66$31,129,403$24,294,785$22,541,031$28,314,825
67$34,247,650$25,428,277$23,239,203$30,245,743
68$37,682,164$26,615,516$23,958,970$32,335,886
69$41,465,148$27,859,080$24,700,999$34,599,932
70$45,632,087$29,161,669$25,465,977$37,053,987
71$50,222,085$30,526,116$26,254,613$39,715,733
72$55,278,233$31,955,390$27,067,637$42,604,578
73$60,848,012$33,452,604$27,905,802$45,741,834
74$66,983,748$35,021,020$28,769,885$49,150,905
75$73,743,100$36,664,060$29,660,686$52,857,500
76$81,189,606$38,385,310$30,579,030$56,889,860
77$89,393,285$40,188,529$31,525,766$61,279,015
78$98,431,293$42,077,659$32,501,772$66,059,065
79$108,388,654$44,056,834$33,507,950$71,267,485
80$119,359,063$46,130,385$34,545,233$76,945,471
81$131,445,769$48,302,855$35,614,580$83,138,306
82$144,762,549$50,579,007$36,716,980$89,895,781
83$159,434,785$52,963,834$37,853,454$97,272,644
84$175,600,641$55,462,570$39,025,054$105,329,101
85$193,412,376$58,080,705$40,232,862$114,131,368
86$213,037,772$60,823,994$41,477,997$123,752,277
87$234,661,725$63,698,470$42,761,610$134,271,946
88$258,487,985$66,710,459$44,084,888$145,778,514
89$284,741,083$69,866,595$45,449,055$158,368,953
90$313,668,447$73,173,832$46,855,372$172,149,962
91$345,542,742$76,639,462$48,305,140$187,238,951
92$380,664,438$80,271,132$49,799,699$203,765,126
93$419,364,652$84,076,859$51,340,430$221,870,684
94$462,008,269$88,065,048$52,928,757$241,712,129
95$508,997,390$92,244,513$54,566,148$263,461,721
96$560,775,127$96,624,497$56,254,117$287,309,079
97$617,829,783$101,214,691$57,994,223$313,462,934
98$680,699,465$106,025,255$59,788,074$342,153,074
99$749,977,163$111,066,844$61,637,326$373,632,476
100$826,316,346$116,350,632$63,543,689$408,179,667