Can I retire at age 62 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,530,828
2 years$793,086$778,316$764,001$750,121$736,659$720,390
3 years$523,472$508,638$494,359$480,610$467,367$451,488
4 years$388,691$373,903$359,767$346,252$333,330$317,965
5 years$307,844$293,144$279,194$265,955$253,392$238,586
6 years$253,964$239,374$225,630$212,686$200,500$186,271
7 years$215,493$201,026$187,500$174,861$163,061$149,413
8 years$186,653$172,317$159,015$146,687$135,274$122,209
9 years$164,233$150,033$136,959$124,945$113,921$101,433
10 years$146,308$132,246$119,404$107,703$97,066$85,147
11 years$131,652$117,731$105,121$93,734$83,480$72,121
12 years$119,447$105,669$93,293$82,218$72,342$61,531
13 years$109,128$95,494$83,351$72,586$63,084$52,807
14 years$100,290$86,801$74,891$64,434$55,299$45,543
15 years$92,638$79,295$67,617$57,463$48,689$39,440
16 years$85,949$72,751$61,304$51,452$43,032$34,273
17 years$80,053$67,001$55,784$46,229$38,155$29,870
18 years$74,818$61,912$50,924$41,662$33,926$26,099
19 years$70,140$57,380$46,619$37,645$30,239$22,852
20 years$65,934$53,320$42,784$34,095$27,010$20,047
21 years$62,135$49,665$39,353$30,943$24,171$17,615
22 years$58,685$46,361$36,270$28,135$21,666$15,499
23 years$55,539$43,360$33,489$25,623$19,448$13,654
24 years$52,661$40,626$30,972$23,369$17,481$12,041
25 years$50,016$38,125$28,686$21,342$15,730$10,629
26 years$47,579$35,832$26,605$19,514$14,169$9,390
27 years$45,326$33,722$24,705$17,862$12,774$8,302
28 years$43,238$31,776$22,966$16,365$11,527$7,344
29 years$41,298$29,977$21,372$15,007$10,408$6,500
30 years$39,490$28,310$19,907$13,773$9,404$5,756
31 years$37,802$26,762$18,559$12,649$8,503$5,100
32 years$36,223$25,323$17,316$11,625$7,691$4,520
33 years$34,743$23,981$16,168$10,690$6,961$4,007
34 years$33,352$22,728$15,106$9,836$6,302$3,553
35 years$32,044$21,558$14,123$9,055$5,708$3,152
36 years$30,812$20,461$13,212$8,339$5,172$2,797
37 years$29,648$19,434$12,366$7,683$4,687$2,482
38 years$28,549$18,469$11,581$7,082$4,249$2,203
39 years$27,509$17,562$10,850$6,530$3,854$1,956
40 years$26,523$16,709$10,169$6,023$3,495$1,736
41 years$25,587$15,905$9,536$5,557$3,171$1,542
42 years$24,699$15,148$8,945$5,128$2,877$1,369
43 years$23,854$14,433$8,393$4,734$2,611$1,216
44 years$23,050$13,757$7,879$4,371$2,370$1,080
45 years$22,284$13,119$7,398$4,037$2,152$960
46 years$21,553$12,515$6,948$3,729$1,954$853
47 years$20,855$11,943$6,528$3,445$1,774$758
48 years$20,189$11,401$6,134$3,183$1,611$673
49 years$19,551$10,887$5,766$2,942$1,463$598
50 years$18,941$10,400$5,421$2,719$1,329$531

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,400,000, adding $5,057 every year, while hoping to spend $27,612 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: 61/15/24 Blend
61$19,400,000$19,400,000$19,400,000$19,400,000
62$21,384,016$20,355,816$20,055,116$22,551,817
63$23,535,807$21,323,872$20,697,584$24,312,660
64$25,906,155$22,338,438$21,360,648$26,230,236
65$28,517,324$23,401,762$22,044,971$28,322,643
66$31,393,847$24,516,205$22,751,234$30,606,915
67$34,562,760$25,684,240$23,480,141$33,101,789
68$38,053,855$26,908,460$24,232,419$35,827,880
69$41,899,960$28,191,587$25,008,817$38,807,871
70$46,137,254$29,536,473$25,810,110$42,066,721
71$50,805,602$30,946,108$26,637,097$45,631,899
72$55,948,935$32,423,629$27,490,601$49,533,634
73$61,615,664$33,972,325$28,371,475$53,805,197
74$67,859,139$35,595,645$29,280,596$58,483,211
75$74,738,146$37,297,207$30,218,870$63,607,988
76$82,317,468$39,080,802$31,187,234$69,223,907
77$90,668,497$40,950,408$32,186,654$75,379,821
78$99,869,902$42,910,196$33,218,125$82,129,520
79$110,008,377$44,964,541$34,282,677$89,532,222
80$121,179,457$47,118,028$35,381,372$97,653,134
81$133,488,418$49,375,468$36,515,304$106,564,055
82$147,051,276$51,741,906$37,685,607$116,344,046
83$161,995,878$54,222,631$38,893,446$127,080,170
84$178,463,108$56,823,190$40,140,027$138,868,305
85$196,608,220$59,549,402$41,426,593$151,814,039
86$216,602,303$62,407,367$42,754,428$166,033,661
87$238,633,894$65,403,484$44,124,858$181,655,244
88$262,910,759$68,544,462$45,539,248$198,819,848
89$289,661,855$71,837,340$46,999,012$217,682,839
90$319,139,490$75,289,495$48,505,604$238,415,348
91$351,621,705$78,908,668$50,060,530$261,205,869
92$387,414,901$82,702,975$51,665,339$286,262,034
93$426,856,729$86,680,928$53,321,636$313,812,554
94$470,319,276$90,851,454$55,031,071$344,109,370
95$518,212,582$95,223,916$56,795,353$377,430,016
96$570,988,510$99,808,131$58,616,241$414,080,223
97$629,145,006$104,614,398$60,495,553$454,396,793
98$693,230,809$109,653,516$62,435,166$498,750,765
99$763,850,623$114,936,810$64,437,016$547,550,894
100$841,670,832$120,476,159$66,503,102$601,247,503