Can I retire at age 62 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,528,253
2 years$801,262$786,339$771,877$757,855$744,253$709,495
3 years$528,869$513,882$499,455$485,565$472,185$438,433
4 years$392,699$377,757$363,476$349,822$336,766$304,280
5 years$311,018$296,166$282,072$268,697$256,004$224,876
6 years$256,582$241,842$227,956$214,879$202,567$172,829
7 years$217,714$203,099$189,433$176,664$164,742$136,399
8 years$188,577$174,093$160,654$148,199$136,669$109,711
9 years$165,926$151,579$138,371$126,233$115,095$89,503
10 years$147,817$133,610$120,635$108,814$98,067$73,813
11 years$133,009$118,945$106,205$94,701$84,341$61,393
12 years$120,678$106,759$94,254$83,065$73,088$51,410
13 years$110,253$96,479$84,210$73,334$63,734$43,288
14 years$101,324$87,696$75,663$65,098$55,869$36,612
15 years$93,593$80,112$68,314$58,056$49,191$31,081
16 years$86,835$73,501$61,936$51,983$43,475$26,467
17 years$80,879$67,692$56,360$46,706$38,548$22,596
18 years$75,590$62,550$51,449$42,092$34,275$19,333
19 years$70,863$57,971$47,099$38,033$30,550$16,571
20 years$66,614$53,870$43,225$34,446$27,288$14,226
21 years$62,775$50,177$39,759$31,262$24,420$12,229
22 years$59,290$46,839$36,644$28,425$21,889$10,524
23 years$56,112$43,807$33,834$25,887$19,649$9,066
24 years$53,204$41,045$31,291$23,610$17,661$7,816
25 years$50,532$38,518$28,982$21,562$15,892$6,743
26 years$48,070$36,201$26,879$19,715$14,315$5,821
27 years$45,794$34,069$24,960$18,046$12,906$5,027
28 years$43,684$32,103$23,203$16,534$11,645$4,344
29 years$41,724$30,286$21,592$15,162$10,516$3,755
30 years$39,897$28,602$20,113$13,915$9,501$3,247
31 years$38,192$27,038$18,750$12,780$8,590$2,809
32 years$36,596$25,584$17,494$11,745$7,770$2,430
33 years$35,101$24,228$16,335$10,800$7,032$2,103
34 years$33,696$22,963$15,262$9,937$6,367$1,820
35 years$32,375$21,780$14,269$9,148$5,767$1,575
36 years$31,129$20,672$13,348$8,425$5,225$1,364
37 years$29,954$19,634$12,494$7,763$4,736$1,181
38 years$28,843$18,659$11,700$7,155$4,293$1,023
39 years$27,792$17,743$10,962$6,597$3,893$886
40 years$26,796$16,881$10,274$6,085$3,531$767
41 years$25,851$16,069$9,634$5,614$3,204$665
42 years$24,954$15,304$9,037$5,181$2,907$576
43 years$24,100$14,581$8,480$4,783$2,638$499
44 years$23,288$13,899$7,960$4,416$2,395$432
45 years$22,513$13,254$7,474$4,078$2,174$374
46 years$21,775$12,644$7,020$3,767$1,974$324
47 years$21,070$12,066$6,595$3,481$1,792$281
48 years$20,397$11,519$6,198$3,216$1,628$243
49 years$19,753$11,000$5,825$2,972$1,478$211
50 years$19,136$10,507$5,477$2,747$1,343$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,600,000, adding $3,520 every year, while hoping to spend $53,042 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: 63/7/30 Blend
61$19,600,000$19,600,000$19,600,000$19,600,000
62$21,602,831$20,564,031$20,260,231$22,789,400
63$23,749,883$21,515,232$20,882,512$24,547,468
64$26,114,157$22,511,264$21,523,862$26,461,016
65$28,717,754$23,554,269$22,184,864$28,550,263
66$31,585,025$24,646,489$22,866,118$30,832,466
67$34,742,808$25,790,276$23,568,242$33,326,622
68$38,220,671$26,988,097$24,291,876$36,053,638
69$42,051,201$28,242,535$25,037,675$39,036,532
70$46,270,303$29,556,299$25,806,317$42,300,639
71$50,917,545$30,932,228$26,598,499$45,873,856
72$56,036,527$32,373,300$27,414,942$49,786,893
73$61,675,295$33,882,635$28,256,385$54,073,567
74$67,886,794$35,463,502$29,123,592$58,771,111
75$74,729,365$37,119,331$30,017,350$63,920,526
76$82,267,299$38,853,717$30,938,470$69,566,962
77$90,571,441$40,670,427$31,887,787$75,760,139
78$99,719,862$42,573,412$32,866,161$82,554,816
79$109,798,591$44,566,812$33,874,481$90,011,300
80$120,902,430$46,654,969$34,913,659$98,196,008
81$133,135,849$48,842,434$35,984,637$107,182,098
82$146,613,970$51,133,977$37,088,387$117,050,146
83$161,463,654$53,534,601$38,225,907$127,888,903
84$177,824,701$56,049,551$39,398,229$139,796,131
85$195,851,164$58,684,323$40,606,414$152,879,518
86$215,712,810$61,444,682$41,851,556$167,257,687
87$237,596,716$64,336,670$43,134,782$183,061,312
88$261,709,037$67,366,624$44,457,254$200,434,346
89$288,276,956$70,541,185$45,820,169$219,535,369
90$317,550,820$73,867,318$47,224,759$240,539,083
91$349,806,512$77,352,325$48,672,297$263,637,951
92$385,348,048$81,003,860$50,164,090$289,044,010
93$424,510,450$84,829,950$51,701,488$316,990,859
94$467,662,910$88,839,012$53,285,882$347,735,863
95$515,212,271$93,039,868$54,918,703$381,562,569
96$567,606,870$97,441,769$56,601,428$418,783,377
97$625,340,772$102,054,417$58,335,577$459,742,480
98$688,958,429$106,887,981$60,122,717$504,819,102
99$759,059,823$111,953,127$61,964,462$554,431,072
100$836,306,130$117,261,035$63,862,477$609,038,754