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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,513,683
2 years$797,174$782,328$767,939$753,988$740,456$699,161
3 years$526,170$511,260$496,907$483,087$469,776$429,752
4 years$390,695$375,830$361,621$348,037$335,048$296,603
5 years$309,431$294,655$280,633$267,326$254,698$217,939
6 years$255,273$240,608$226,793$213,783$201,534$166,495
7 years$216,603$202,062$188,466$175,763$163,901$130,585
8 years$187,615$173,205$159,834$147,443$135,972$104,362
9 years$165,080$150,806$137,665$125,589$114,508$84,576
10 years$147,062$132,928$120,020$108,259$97,566$69,275
11 years$132,330$118,338$105,663$94,217$83,910$57,216
12 years$120,063$106,214$93,774$82,641$72,715$47,569
13 years$109,690$95,986$83,780$72,960$63,409$39,759
14 years$100,807$87,249$75,277$64,766$55,584$33,376
15 years$93,116$79,703$67,965$57,760$48,940$28,116
16 years$86,392$73,126$61,620$51,717$43,254$23,755
17 years$80,466$67,347$56,072$46,468$38,352$20,120
18 years$75,204$62,231$51,187$41,877$34,101$17,075
19 years$70,501$57,675$46,859$37,839$30,395$14,517
20 years$66,274$53,595$43,005$34,271$27,149$12,359
21 years$62,455$49,921$39,556$31,103$24,295$10,535
22 years$58,987$46,600$36,457$28,280$21,777$8,989
23 years$55,826$43,584$33,662$25,755$19,549$7,677
24 years$52,932$40,835$31,131$23,490$17,571$6,561
25 years$50,274$38,322$28,834$21,452$15,811$5,611
26 years$47,824$36,016$26,742$19,615$14,242$4,801
27 years$45,560$33,896$24,832$17,954$12,840$4,110
28 years$43,461$31,940$23,085$16,450$11,586$3,519
29 years$41,511$30,131$21,482$15,085$10,462$3,015
30 years$39,694$28,456$20,010$13,844$9,453$2,584
31 years$37,997$26,900$18,655$12,715$8,546$2,214
32 years$36,410$25,453$17,405$11,685$7,731$1,898
33 years$34,922$24,105$16,251$10,745$6,996$1,628
34 years$33,524$22,846$15,184$9,887$6,334$1,396
35 years$32,209$21,669$14,196$9,101$5,737$1,197
36 years$30,971$20,567$13,280$8,382$5,198$1,027
37 years$29,801$19,534$12,430$7,723$4,711$881
38 years$28,696$18,564$11,640$7,118$4,271$756
39 years$27,651$17,653$10,906$6,564$3,873$649
40 years$26,660$16,795$10,222$6,054$3,513$556
41 years$25,719$15,987$9,585$5,585$3,187$478
42 years$24,826$15,226$8,991$5,155$2,892$410
43 years$23,977$14,507$8,437$4,758$2,625$352
44 years$23,169$13,828$7,919$4,394$2,383$302
45 years$22,399$13,186$7,436$4,058$2,163$259
46 years$21,664$12,579$6,984$3,748$1,964$222
47 years$20,963$12,005$6,561$3,463$1,783$191
48 years$20,293$11,460$6,166$3,200$1,619$164
49 years$19,652$10,944$5,796$2,957$1,471$141
50 years$19,039$10,454$5,449$2,733$1,336$121

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 $3,063 every year, while hoping to spend $22,299 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: 42/36/22 Blend
61$19,500,000$19,500,000$19,500,000$19,500,000
62$21,492,159$20,458,659$20,156,409$22,256,188
63$23,660,634$21,437,408$20,807,923$23,779,418
64$26,049,545$22,463,367$21,480,515$25,425,523
65$28,681,354$23,538,828$22,174,868$27,207,694
66$31,580,813$24,666,191$22,891,687$29,138,454
67$34,775,196$25,847,975$23,631,699$31,231,543
68$38,294,561$27,086,820$24,395,655$33,502,041
69$42,172,027$28,385,496$25,184,331$35,966,500
70$46,444,096$29,746,906$25,998,527$38,643,092
71$51,150,986$31,174,098$26,839,071$41,551,771
72$56,337,021$32,670,263$27,706,814$44,714,452
73$62,051,045$34,238,753$28,602,640$48,155,205
74$68,346,879$35,883,080$29,527,456$51,900,478
75$75,283,837$37,606,927$30,482,202$55,979,325
76$82,927,281$39,414,159$31,467,848$60,423,679
77$91,349,237$41,308,826$32,485,395$65,268,635
78$100,629,079$43,295,179$33,535,875$70,552,770
79$110,854,275$45,377,672$34,620,357$76,318,491
80$122,121,213$47,560,981$35,739,941$82,612,429
81$134,536,113$49,850,005$36,895,766$89,485,854
82$148,216,027$52,249,885$38,089,004$96,995,151
83$163,289,944$54,766,012$39,320,868$105,202,334
84$179,900,012$57,404,040$40,592,610$114,175,612
85$198,202,872$60,169,897$41,905,522$123,990,021
86$218,371,146$63,069,803$43,260,938$134,728,106
87$240,595,059$66,110,279$44,660,235$146,480,689
88$265,084,237$69,298,165$46,104,836$159,347,700
89$292,069,689$72,640,635$47,596,207$173,439,100
90$321,805,983$76,145,212$49,135,866$188,875,900
91$354,573,653$79,819,787$50,725,377$205,791,279
92$390,681,844$83,672,634$52,366,355$224,331,813
93$430,471,233$87,712,434$54,060,469$244,658,840
94$474,317,244$91,948,290$55,809,441$266,949,948
95$522,633,594$96,389,747$57,615,048$291,400,633
96$575,876,196$101,046,820$59,479,127$318,226,109
97$634,547,463$105,930,009$61,403,573$347,663,308
98$699,201,054$111,050,329$63,390,343$379,973,091
99$770,447,099$116,419,333$65,441,456$415,442,673
100$848,957,958$122,049,134$67,559,000$454,388,297