Can I retire at age 62 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,527,973
2 years$805,350$790,351$775,815$761,721$748,050$705,110
3 years$531,567$516,503$502,004$488,042$474,594$432,990
4 years$394,702$379,685$365,330$351,607$338,484$298,536
5 years$312,605$297,677$283,511$270,068$257,310$219,128
6 years$257,891$243,076$229,119$215,975$203,601$167,221
7 years$218,825$204,135$190,399$177,565$165,582$131,006
8 years$189,539$174,981$161,474$148,955$137,366$104,576
9 years$166,773$152,353$139,077$126,877$115,682$84,646
10 years$148,571$134,291$121,251$109,369$98,567$69,246
11 years$133,688$119,552$106,747$95,184$84,771$57,119
12 years$121,294$107,303$94,735$83,489$73,461$47,426
13 years$110,815$96,971$84,640$73,708$64,059$39,586
14 years$101,841$88,144$76,049$65,430$56,154$33,185
15 years$94,071$80,521$68,662$58,352$49,442$27,916
16 years$87,278$73,876$62,253$52,248$43,697$23,553
17 years$81,291$68,037$56,647$46,944$38,745$19,919
18 years$75,975$62,870$51,712$42,306$34,450$16,880
19 years$71,225$58,267$47,339$38,227$30,706$14,329
20 years$66,954$54,144$43,446$34,622$27,427$12,181
21 years$63,095$50,433$39,962$31,422$24,544$10,367
22 years$59,592$47,078$36,831$28,570$22,001$8,832
23 years$56,398$44,031$34,007$26,019$19,749$7,531
24 years$53,475$41,254$31,451$23,731$17,751$6,426
25 years$50,790$38,715$29,130$21,672$15,973$5,487
26 years$48,315$36,386$27,016$19,816$14,388$4,687
27 years$46,027$34,243$25,087$18,138$12,972$4,006
28 years$43,907$32,267$23,322$16,618$11,705$3,425
29 years$41,936$30,440$21,703$15,239$10,569$2,929
30 years$40,101$28,748$20,215$13,986$9,550$2,506
31 years$38,387$27,176$18,846$12,845$8,634$2,144
32 years$36,783$25,714$17,584$11,805$7,810$1,835
33 years$35,280$24,352$16,418$10,856$7,068$1,571
34 years$33,868$23,080$15,340$9,988$6,399$1,345
35 years$32,540$21,891$14,342$9,195$5,796$1,152
36 years$31,288$20,778$13,416$8,468$5,252$986
37 years$30,107$19,734$12,558$7,802$4,760$845
38 years$28,991$18,754$11,760$7,191$4,315$723
39 years$27,934$17,834$11,017$6,631$3,913$620
40 years$26,933$16,967$10,327$6,116$3,549$531
41 years$25,983$16,151$9,683$5,643$3,220$455
42 years$25,081$15,382$9,083$5,208$2,922$390
43 years$24,223$14,656$8,523$4,807$2,652$334
44 years$23,406$13,970$8,001$4,439$2,407$286
45 years$22,628$13,322$7,512$4,099$2,185$245
46 years$21,886$12,708$7,056$3,787$1,984$210
47 years$21,178$12,128$6,629$3,498$1,802$180
48 years$20,501$11,577$6,229$3,233$1,636$154
49 years$19,854$11,056$5,855$2,987$1,486$132
50 years$19,234$10,561$5,505$2,761$1,350$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,700,000, adding $5,744 every year, while hoping to spend $45,603 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: 50/43/7 Blend
61$19,700,000$19,700,000$19,700,000$19,700,000
62$21,715,325$20,671,225$20,365,875$22,762,242
63$23,881,767$21,635,594$20,999,611$24,440,848
64$26,267,657$22,645,688$21,653,048$26,258,484
65$28,895,332$23,703,701$22,326,799$28,232,430
66$31,789,404$24,811,930$23,021,494$30,377,331
67$34,976,993$25,972,784$23,737,784$32,709,264
68$38,487,986$27,188,790$24,476,340$35,245,885
69$42,355,316$28,462,596$25,237,852$38,006,584
70$46,615,272$29,796,977$26,023,034$41,012,660
71$51,307,845$31,194,844$26,832,621$44,287,514
72$56,477,101$32,659,248$27,667,370$47,856,859
73$62,171,601$34,193,387$28,528,062$51,748,949
74$68,444,855$35,800,614$29,415,504$55,994,842
75$75,355,832$37,484,446$30,330,525$60,628,673
76$82,969,511$39,248,568$31,273,981$65,687,972
77$91,357,498$41,096,844$32,246,756$71,214,000
78$100,598,700$43,033,327$33,249,760$77,252,130
79$110,780,071$45,062,263$34,283,930$83,852,256
80$121,997,431$47,188,107$35,350,235$91,069,254
81$134,356,373$49,415,528$36,449,671$98,963,485
82$147,973,255$51,749,421$37,583,268$107,601,345
83$162,976,304$54,194,920$38,752,084$117,055,880
84$179,506,822$56,757,406$39,957,214$127,407,452
85$197,720,522$59,442,522$41,199,785$138,744,488
86$217,788,995$62,256,186$42,480,957$151,164,287
87$239,901,333$65,204,599$43,801,930$164,773,924
88$264,265,912$68,294,268$45,163,938$179,691,238
89$291,112,360$71,532,011$46,568,254$196,045,922
90$320,693,721$74,924,981$48,016,192$213,980,725
91$353,288,851$78,480,675$49,509,104$233,652,776
92$389,205,041$82,206,956$51,048,387$255,235,041
93$428,780,926$86,112,067$52,635,478$278,917,930
94$472,389,676$90,204,654$54,271,862$304,911,066
95$520,442,521$94,493,780$55,959,067$333,445,238
96$573,392,632$98,988,949$57,698,670$364,774,544
97$631,739,401$103,700,129$59,492,297$399,178,762
98$696,033,154$108,637,769$61,341,622$436,965,957
99$766,880,344$113,812,827$63,248,375$478,475,353
100$844,949,279$119,236,796$65,214,335$524,080,500