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%16%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,524,529
2 years$801,262$786,339$771,877$757,855$744,253$705,801
3 years$528,869$513,882$499,455$485,565$472,185$434,884
4 years$392,699$377,757$363,476$349,822$336,766$300,904
5 years$311,018$296,166$282,072$268,697$256,004$221,681
6 years$256,582$241,842$227,956$214,879$202,567$169,817
7 years$217,714$203,099$189,433$176,664$164,742$133,568
8 years$188,577$174,093$160,654$148,199$136,669$107,059
9 years$165,926$151,579$138,371$126,233$115,095$87,024
10 years$147,817$133,610$120,635$108,814$98,067$71,502
11 years$133,009$118,945$106,205$94,701$84,341$59,244
12 years$120,678$106,759$94,254$83,065$73,088$49,417
13 years$110,253$96,479$84,210$73,334$63,734$41,443
14 years$101,324$87,696$75,663$65,098$55,869$34,909
15 years$93,593$80,112$68,314$58,056$49,191$29,511
16 years$86,835$73,501$61,936$51,983$43,475$25,023
17 years$80,879$67,692$56,360$46,706$38,548$21,271
18 years$75,590$62,550$51,449$42,092$34,275$18,119
19 years$70,863$57,971$47,099$38,033$30,550$15,461
20 years$66,614$53,870$43,225$34,446$27,288$13,213
21 years$62,775$50,177$39,759$31,262$24,420$11,306
22 years$59,290$46,839$36,644$28,425$21,889$9,685
23 years$56,112$43,807$33,834$25,887$19,649$8,303
24 years$53,204$41,045$31,291$23,610$17,661$7,125
25 years$50,532$38,518$28,982$21,562$15,892$6,117
26 years$48,070$36,201$26,879$19,715$14,315$5,255
27 years$45,794$34,069$24,960$18,046$12,906$4,517
28 years$43,684$32,103$23,203$16,534$11,645$3,884
29 years$41,724$30,286$21,592$15,162$10,516$3,341
30 years$39,897$28,602$20,113$13,915$9,501$2,875
31 years$38,192$27,038$18,750$12,780$8,590$2,474
32 years$36,596$25,584$17,494$11,745$7,770$2,130
33 years$35,101$24,228$16,335$10,800$7,032$1,834
34 years$33,696$22,963$15,262$9,937$6,367$1,579
35 years$32,375$21,780$14,269$9,148$5,767$1,360
36 years$31,129$20,672$13,348$8,425$5,225$1,172
37 years$29,954$19,634$12,494$7,763$4,736$1,009
38 years$28,843$18,659$11,700$7,155$4,293$870
39 years$27,792$17,743$10,962$6,597$3,893$749
40 years$26,796$16,881$10,274$6,085$3,531$646
41 years$25,851$16,069$9,634$5,614$3,204$557
42 years$24,954$15,304$9,037$5,181$2,907$480
43 years$24,100$14,581$8,480$4,783$2,638$413
44 years$23,288$13,899$7,960$4,416$2,395$356
45 years$22,513$13,254$7,474$4,078$2,174$307
46 years$21,775$12,644$7,020$3,767$1,974$265
47 years$21,070$12,066$6,595$3,481$1,792$228
48 years$20,397$11,519$6,198$3,216$1,628$197
49 years$19,753$11,000$5,825$2,972$1,478$169
50 years$19,136$10,507$5,477$2,747$1,343$146

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 $6,197 every year, while hoping to spend $50,923 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: 51/25/24 Blend
61$19,600,000$19,600,000$19,600,000$19,600,000
62$21,605,592$20,566,792$20,262,992$22,561,987
63$23,755,181$21,520,383$20,887,621$24,179,491
64$26,122,321$22,518,994$21,531,468$25,931,579
65$28,729,149$23,564,776$22,195,123$27,835,666
66$31,600,057$24,659,985$22,879,195$29,906,201
67$34,761,925$25,806,986$23,584,310$32,159,067
68$38,244,371$27,008,258$24,311,114$34,611,721
69$42,080,034$28,266,400$25,060,273$37,283,353
70$46,304,879$29,584,134$25,832,474$40,195,062
71$50,958,537$30,964,318$26,628,422$43,370,044
72$56,084,681$32,409,942$27,448,847$46,833,811
73$61,731,435$33,924,146$28,294,501$50,614,419
74$67,951,831$35,510,219$29,166,156$54,742,727
75$74,804,307$37,171,609$30,064,611$59,252,682
76$82,353,259$38,911,931$30,990,688$64,181,626
77$90,669,650$40,734,974$31,945,235$69,570,648
78$99,831,678$42,644,711$32,929,124$75,464,954
79$109,925,515$44,645,308$33,943,256$81,914,291
80$121,046,121$46,741,131$34,988,558$88,973,402
81$133,298,136$48,936,758$36,065,986$96,702,537
82$146,796,875$51,236,987$37,176,525$105,168,007
83$161,669,408$53,646,852$38,321,190$114,442,801
84$178,055,766$56,171,626$39,501,028$124,607,260
85$196,110,258$58,816,840$40,717,118$135,749,829
86$216,002,933$61,588,293$41,970,569$147,967,874
87$237,921,177$64,492,065$43,262,528$161,368,589
88$262,071,490$67,534,528$44,594,175$176,069,995
89$288,681,428$70,722,367$45,966,727$192,202,039
90$318,001,757$74,062,586$47,381,436$209,907,804
91$350,308,817$77,562,534$48,839,595$229,344,846
92$385,907,130$81,229,912$50,342,535$250,686,663
93$425,132,276$85,072,795$51,891,628$274,124,316
94$468,354,059$89,099,653$53,488,288$299,868,214
95$515,979,999$93,319,363$55,133,972$328,150,082
96$568,459,181$97,741,234$56,830,183$359,225,129
97$626,286,491$102,375,027$58,578,466$393,374,433
98$690,007,287$107,230,977$60,380,419$430,907,578
99$760,222,550$112,319,815$62,237,683$472,165,550
100$837,594,558$117,652,794$64,151,953$517,523,932