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%14%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,544,881
2 years$805,350$790,351$775,815$761,721$748,050$721,907
3 years$531,567$516,503$502,004$488,042$474,594$449,146
4 years$394,702$379,685$365,330$351,607$338,484$313,927
5 years$312,605$297,677$283,511$270,068$257,310$233,715
6 years$257,891$243,076$229,119$215,975$203,601$180,994
7 years$218,825$204,135$190,399$177,565$165,582$143,971
8 years$189,539$174,981$161,474$148,955$137,366$116,747
9 years$166,773$152,353$139,077$126,877$115,682$96,043
10 years$148,571$134,291$121,251$109,369$98,567$79,891
11 years$133,688$119,552$106,747$95,184$84,771$67,039
12 years$121,294$107,303$94,735$83,489$73,461$56,650
13 years$110,815$96,971$84,640$73,708$64,059$48,144
14 years$101,841$88,144$76,049$65,430$56,154$41,108
15 years$94,071$80,521$68,662$58,352$49,442$35,237
16 years$87,278$73,876$62,253$52,248$43,697$30,303
17 years$81,291$68,037$56,647$46,944$38,745$26,132
18 years$75,975$62,870$51,712$42,306$34,450$22,588
19 years$71,225$58,267$47,339$38,227$30,706$19,563
20 years$66,954$54,144$43,446$34,622$27,427$16,972
21 years$63,095$50,433$39,962$31,422$24,544$14,746
22 years$59,592$47,078$36,831$28,570$22,001$12,827
23 years$56,398$44,031$34,007$26,019$19,749$11,171
24 years$53,475$41,254$31,451$23,731$17,751$9,737
25 years$50,790$38,715$29,130$21,672$15,973$8,494
26 years$48,315$36,386$27,016$19,816$14,388$7,415
27 years$46,027$34,243$25,087$18,138$12,972$6,478
28 years$43,907$32,267$23,322$16,618$11,705$5,661
29 years$41,936$30,440$21,703$15,239$10,569$4,950
30 years$40,101$28,748$20,215$13,986$9,550$4,330
31 years$38,387$27,176$18,846$12,845$8,634$3,789
32 years$36,783$25,714$17,584$11,805$7,810$3,316
33 years$35,280$24,352$16,418$10,856$7,068$2,904
34 years$33,868$23,080$15,340$9,988$6,399$2,543
35 years$32,540$21,891$14,342$9,195$5,796$2,227
36 years$31,288$20,778$13,416$8,468$5,252$1,951
37 years$30,107$19,734$12,558$7,802$4,760$1,710
38 years$28,991$18,754$11,760$7,191$4,315$1,498
39 years$27,934$17,834$11,017$6,631$3,913$1,313
40 years$26,933$16,967$10,327$6,116$3,549$1,151
41 years$25,983$16,151$9,683$5,643$3,220$1,009
42 years$25,081$15,382$9,083$5,208$2,922$885
43 years$24,223$14,656$8,523$4,807$2,652$776
44 years$23,406$13,970$8,001$4,439$2,407$680
45 years$22,628$13,322$7,512$4,099$2,185$596
46 years$21,886$12,708$7,056$3,787$1,984$523
47 years$21,178$12,128$6,629$3,498$1,802$459
48 years$20,501$11,577$6,229$3,233$1,636$402
49 years$19,854$11,056$5,855$2,987$1,486$353
50 years$19,234$10,561$5,505$2,761$1,350$309

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 $4,364 every year, while hoping to spend $30,327 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: 72/5/23 Blend
61$19,700,000$19,700,000$19,700,000$19,700,000
62$21,713,901$20,669,801$20,364,451$23,153,165
63$23,896,452$21,650,354$21,014,393$25,093,885
64$26,300,606$22,677,937$21,685,091$27,214,847
65$28,948,935$23,754,824$22,377,209$29,537,228
66$31,866,312$24,883,396$23,091,431$32,081,050
67$35,080,146$26,066,153$23,828,465$34,868,360
68$38,620,641$27,305,714$24,589,038$37,923,433
69$42,521,079$28,604,827$25,373,904$41,273,001
70$46,818,138$29,966,372$26,183,838$44,946,500
71$51,552,233$31,393,370$27,019,642$48,976,347
72$56,767,904$32,888,988$27,882,143$53,398,244
73$62,514,230$34,456,547$28,772,194$58,251,509
74$68,845,294$36,099,531$29,690,676$63,579,447
75$75,820,698$37,821,592$30,638,497$69,429,755
76$83,506,118$39,626,559$31,616,595$75,854,967
77$91,973,930$41,518,448$32,625,939$82,912,950
78$101,303,889$43,501,470$33,667,526$90,667,444
79$111,583,886$45,580,042$34,742,388$99,188,661
80$122,910,772$47,758,795$35,851,589$108,553,944
81$135,391,280$50,042,584$36,996,226$118,848,492
82$149,143,022$52,436,503$38,177,431$130,166,163
83$164,295,610$54,945,891$39,396,375$142,610,352
84$180,991,873$57,576,350$40,654,264$156,294,966
85$199,389,204$60,333,751$41,952,342$171,345,493
86$219,661,052$63,224,254$43,291,894$187,900,182
87$241,998,554$66,254,318$44,674,248$206,111,342
88$266,612,342$69,430,715$46,100,771$226,146,778
89$293,734,529$72,760,548$47,572,875$248,191,367
90$323,620,903$76,251,267$49,092,018$272,448,798
91$356,553,339$79,910,682$50,659,704$299,143,490
92$392,842,461$83,746,987$52,277,485$328,522,702
93$432,830,574$87,768,772$53,946,964$360,858,866
94$476,894,899$91,985,048$55,669,793$396,452,147
95$525,451,125$96,405,262$57,447,678$435,633,274
96$578,957,345$101,039,325$59,282,380$478,766,653
97$637,918,370$105,897,628$61,175,716$526,253,799
98$702,890,503$110,991,070$63,129,561$578,537,121
99$774,486,783$116,331,082$65,145,851$636,104,091
100$853,382,780$121,929,650$67,226,581$699,491,836