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%12.1%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,549,189
2 years$801,262$786,339$771,877$757,855$744,253$730,405
3 years$528,869$513,882$499,455$485,565$472,185$458,660
4 years$392,699$377,757$363,476$349,822$336,766$323,669
5 years$311,018$296,166$282,072$268,697$256,004$243,373
6 years$256,582$241,842$227,956$214,879$202,567$190,419
7 years$217,714$203,099$189,433$176,664$164,742$153,080
8 years$188,577$174,093$160,654$148,199$136,669$125,495
9 years$165,926$151,579$138,371$126,233$115,095$104,404
10 years$147,817$133,610$120,635$108,814$98,067$87,853
11 years$133,009$118,945$106,205$94,701$84,341$74,597
12 years$120,678$106,759$94,254$83,065$73,088$63,804
13 years$110,253$96,479$84,210$73,334$63,734$54,900
14 years$101,324$87,696$75,663$65,098$55,869$47,474
15 years$93,593$80,112$68,314$58,056$49,191$41,222
16 years$86,835$73,501$61,936$51,983$43,475$35,920
17 years$80,879$67,692$56,360$46,706$38,548$31,394
18 years$75,590$62,550$51,449$42,092$34,275$27,508
19 years$70,863$57,971$47,099$38,033$30,550$24,156
20 years$66,614$53,870$43,225$34,446$27,288$21,253
21 years$62,775$50,177$39,759$31,262$24,420$18,730
22 years$59,290$46,839$36,644$28,425$21,889$16,530
23 years$56,112$43,807$33,834$25,887$19,649$14,607
24 years$53,204$41,045$31,291$23,610$17,661$12,921
25 years$50,532$38,518$28,982$21,562$15,892$11,441
26 years$48,070$36,201$26,879$19,715$14,315$10,140
27 years$45,794$34,069$24,960$18,046$12,906$8,993
28 years$43,684$32,103$23,203$16,534$11,645$7,981
29 years$41,724$30,286$21,592$15,162$10,516$7,087
30 years$39,897$28,602$20,113$13,915$9,501$6,296
31 years$38,192$27,038$18,750$12,780$8,590$5,596
32 years$36,596$25,584$17,494$11,745$7,770$4,976
33 years$35,101$24,228$16,335$10,800$7,032$4,426
34 years$33,696$22,963$15,262$9,937$6,367$3,938
35 years$32,375$21,780$14,269$9,148$5,767$3,505
36 years$31,129$20,672$13,348$8,425$5,225$3,121
37 years$29,954$19,634$12,494$7,763$4,736$2,779
38 years$28,843$18,659$11,700$7,155$4,293$2,475
39 years$27,792$17,743$10,962$6,597$3,893$2,205
40 years$26,796$16,881$10,274$6,085$3,531$1,964
41 years$25,851$16,069$9,634$5,614$3,204$1,750
42 years$24,954$15,304$9,037$5,181$2,907$1,560
43 years$24,100$14,581$8,480$4,783$2,638$1,390
44 years$23,288$13,899$7,960$4,416$2,395$1,239
45 years$22,513$13,254$7,474$4,078$2,174$1,105
46 years$21,775$12,644$7,020$3,767$1,974$985
47 years$21,070$12,066$6,595$3,481$1,792$878
48 years$20,397$11,519$6,198$3,216$1,628$783
49 years$19,753$11,000$5,825$2,972$1,478$698
50 years$19,136$10,507$5,477$2,747$1,343$622

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 $4,513 every year, while hoping to spend $40,386 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: 59/19/22 Blend
61$19,600,000$19,600,000$19,600,000$19,600,000
62$21,603,855$20,565,055$20,261,255$22,751,659
63$23,764,478$21,529,772$20,897,037$24,496,949
64$26,144,131$22,540,407$21,552,764$26,394,778
65$28,765,112$23,599,167$22,229,061$28,463,786
66$31,651,993$24,708,366$22,926,574$30,720,557
67$34,831,850$25,870,430$23,645,969$33,183,331
68$38,334,521$27,087,903$24,387,930$35,872,169
69$42,192,883$28,363,451$25,153,167$38,809,142
70$46,443,168$29,699,871$25,942,409$42,018,529
71$51,125,300$31,100,094$26,756,409$45,527,045
72$56,283,275$32,567,193$27,595,942$49,364,082
73$61,965,574$34,104,390$28,461,811$53,561,988
74$68,225,622$35,715,064$29,354,841$58,156,360
75$75,122,290$37,402,757$30,275,884$63,186,374
76$82,720,455$39,171,184$31,225,817$68,695,151
77$91,091,607$41,024,238$32,205,548$74,730,156
78$100,314,527$42,966,001$33,216,010$81,343,636
79$110,476,030$45,000,756$34,258,167$88,593,110
80$121,671,782$47,132,991$35,333,013$96,541,898
81$134,007,208$49,367,411$36,441,573$105,259,718
82$147,598,482$51,708,953$37,584,904$114,823,326
83$162,573,626$54,162,791$38,764,097$125,317,240
84$179,073,718$56,734,349$39,980,276$136,834,523
85$197,254,223$59,429,318$41,234,601$149,477,653
86$217,286,461$62,253,662$42,528,268$163,359,481
87$239,359,225$65,213,637$43,862,510$178,604,282
88$263,680,562$68,315,801$45,238,600$195,348,922
89$290,479,737$71,567,033$46,657,850$213,744,133
90$320,009,395$74,974,542$48,121,614$233,955,926
91$352,547,952$78,545,893$49,631,286$256,167,145
92$388,402,215$82,289,014$51,188,306$280,579,180
93$427,910,286$86,212,221$52,794,160$307,413,850
94$471,444,749$90,324,233$54,450,377$336,915,490
95$519,416,186$94,634,194$56,158,538$369,353,234
96$572,277,058$99,151,690$57,920,270$405,023,544
97$630,525,973$103,886,778$59,737,254$444,252,990
98$694,712,391$108,849,999$61,611,221$487,401,318
99$765,441,816$114,052,410$63,543,958$534,864,823
100$843,381,509$119,505,606$65,537,308$587,080,074