Can I retire at age 62 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,546,454
2 years$797,174$782,328$767,939$753,988$740,456$731,876
3 years$526,170$511,260$496,907$483,087$469,776$461,385
4 years$390,695$375,830$361,621$348,037$335,048$326,910
5 years$309,431$294,655$280,633$267,326$254,698$246,838
6 years$255,273$240,608$226,793$213,783$201,534$193,961
7 years$216,603$202,062$188,466$175,763$163,901$156,619
8 years$187,615$173,205$159,834$147,443$135,972$128,982
9 years$165,080$150,806$137,665$125,589$114,508$107,808
10 years$147,062$132,928$120,020$108,259$97,566$91,153
11 years$132,330$118,338$105,663$94,217$83,910$77,779
12 years$120,063$106,214$93,774$82,641$72,715$66,861
13 years$109,690$95,986$83,780$72,960$63,409$57,827
14 years$100,807$87,249$75,277$64,766$55,584$50,267
15 years$93,116$79,703$67,965$57,760$48,940$43,882
16 years$86,392$73,126$61,620$51,717$43,254$38,446
17 years$80,466$67,347$56,072$46,468$38,352$33,788
18 years$75,204$62,231$51,187$41,877$34,101$29,773
19 years$70,501$57,675$46,859$37,839$30,395$26,296
20 years$66,274$53,595$43,005$34,271$27,149$23,270
21 years$62,455$49,921$39,556$31,103$24,295$20,629
22 years$58,987$46,600$36,457$28,280$21,777$18,315
23 years$55,826$43,584$33,662$25,755$19,549$16,282
24 years$52,932$40,835$31,131$23,490$17,571$14,492
25 years$50,274$38,322$28,834$21,452$15,811$12,912
26 years$47,824$36,016$26,742$19,615$14,242$11,515
27 years$45,560$33,896$24,832$17,954$12,840$10,277
28 years$43,461$31,940$23,085$16,450$11,586$9,179
29 years$41,511$30,131$21,482$15,085$10,462$8,203
30 years$39,694$28,456$20,010$13,844$9,453$7,335
31 years$37,997$26,900$18,655$12,715$8,546$6,563
32 years$36,410$25,453$17,405$11,685$7,731$5,874
33 years$34,922$24,105$16,251$10,745$6,996$5,260
34 years$33,524$22,846$15,184$9,887$6,334$4,711
35 years$32,209$21,669$14,196$9,101$5,737$4,221
36 years$30,971$20,567$13,280$8,382$5,198$3,783
37 years$29,801$19,534$12,430$7,723$4,711$3,392
38 years$28,696$18,564$11,640$7,118$4,271$3,042
39 years$27,651$17,653$10,906$6,564$3,873$2,728
40 years$26,660$16,795$10,222$6,054$3,513$2,447
41 years$25,719$15,987$9,585$5,585$3,187$2,196
42 years$24,826$15,226$8,991$5,155$2,892$1,970
43 years$23,977$14,507$8,437$4,758$2,625$1,768
44 years$23,169$13,828$7,919$4,394$2,383$1,587
45 years$22,399$13,186$7,436$4,058$2,163$1,424
46 years$21,664$12,579$6,984$3,748$1,964$1,279
47 years$20,963$12,005$6,561$3,463$1,783$1,148
48 years$20,293$11,460$6,166$3,200$1,619$1,031
49 years$19,652$10,944$5,796$2,957$1,471$926
50 years$19,039$10,454$5,449$2,733$1,336$831

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,500,000, adding $2,779 every year, while hoping to spend $59,187 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: 54/27/19 Blend
61$19,500,000$19,500,000$19,500,000$19,500,000
62$21,491,867$20,458,367$20,156,117$22,541,545
63$23,621,062$21,397,852$20,768,372$24,199,819
64$25,965,453$22,381,389$21,399,154$25,997,498
65$28,546,924$23,411,072$22,049,021$27,953,081
66$31,389,596$24,489,100$22,718,549$30,081,657
67$34,520,042$25,617,773$23,408,328$32,399,809
68$37,967,549$26,799,506$24,118,969$34,925,766
69$41,764,384$28,036,828$24,851,100$37,679,571
70$45,946,108$29,332,389$25,605,368$40,683,263
71$50,551,902$30,688,968$26,382,440$43,961,077
72$55,624,946$32,109,476$27,183,001$47,539,666
73$61,212,817$33,596,967$28,007,758$51,448,348
74$67,367,946$35,154,641$28,857,440$55,719,372
75$74,148,109$36,785,850$29,732,796$60,388,216
76$81,616,969$38,494,110$30,634,598$65,493,914
77$89,844,685$40,283,106$31,563,642$71,079,413
78$98,908,565$42,156,701$32,520,747$77,191,976
79$108,893,803$44,118,943$33,506,755$83,883,611
80$119,894,276$46,174,077$34,522,537$91,211,555
81$132,013,437$48,326,552$35,568,987$99,238,808
82$145,365,286$50,581,030$36,647,026$108,034,710
83$160,075,447$52,942,403$37,757,603$117,675,590
84$176,282,356$55,415,794$38,901,697$128,245,471
85$194,138,565$58,006,577$40,080,312$139,836,854
86$213,812,183$60,720,383$41,294,487$152,551,576
87$235,488,461$63,563,118$42,545,288$166,501,760
88$259,371,544$66,540,970$43,833,815$181,810,856
89$285,686,394$69,660,431$45,161,200$198,614,795
90$314,680,916$72,928,301$46,528,610$217,063,257
91$346,628,296$76,351,715$47,937,245$237,321,067
92$381,829,582$79,938,148$49,388,343$259,569,731
93$420,616,522$83,695,441$50,883,175$284,009,138
94$463,354,701$87,631,811$52,423,055$310,859,426
95$510,446,986$91,755,875$54,009,332$340,363,038
96$562,337,332$96,076,666$55,643,399$372,786,996
97$619,514,973$100,603,656$57,326,686$408,425,397
98$682,519,039$105,346,774$59,060,669$447,602,169
99$751,943,647$110,316,431$60,846,867$490,674,106
100$828,443,506$115,523,544$62,686,844$538,034,212