Can I retire at age 62 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,574,216
2 years$813,526$798,375$783,691$769,454$755,645$742,905
3 years$536,964$521,747$507,100$492,997$479,412$466,965
4 years$398,709$383,539$369,039$355,176$341,921$329,863
5 years$315,778$300,700$286,390$272,810$259,923$248,290
6 years$260,509$245,544$231,445$218,168$205,668$194,474
7 years$221,047$206,207$192,332$179,368$167,263$156,514
8 years$191,463$176,758$163,113$150,467$138,761$128,456
9 years$168,466$153,899$140,489$128,165$116,857$106,993
10 years$150,079$135,655$122,482$110,479$99,568$90,140
11 years$135,045$120,765$107,831$96,150$85,632$76,633
12 years$122,526$108,393$95,697$84,337$74,207$65,628
13 years$111,940$97,955$85,499$74,457$64,710$56,542
14 years$102,875$89,039$76,821$66,094$56,724$48,958
15 years$95,026$81,338$69,359$58,944$49,944$42,568
16 years$88,165$74,626$62,885$52,778$44,141$37,144
17 years$82,117$68,728$57,222$47,421$39,138$32,508
18 years$76,747$63,508$52,237$42,736$34,800$28,525
19 years$71,948$58,858$47,820$38,615$31,018$25,085
20 years$67,634$54,694$43,887$34,974$27,706$22,103
21 years$63,736$50,945$40,367$31,741$24,794$19,507
22 years$60,197$47,556$37,205$28,860$22,224$17,242
23 years$56,971$44,478$34,352$26,283$19,950$15,259
24 years$54,018$41,673$31,770$23,972$17,931$13,519
25 years$51,305$39,108$29,425$21,892$16,135$11,990
26 years$48,805$36,755$27,290$20,017$14,534$10,642
27 years$46,495$34,591$25,342$18,322$13,104$9,453
28 years$44,353$32,595$23,558$16,787$11,824$8,403
29 years$42,362$30,749$21,923$15,394$10,676$7,474
30 years$40,508$29,040$20,420$14,128$9,647$6,651
31 years$38,776$27,452$19,037$12,975$8,722$5,921
32 years$37,157$25,975$17,762$11,925$7,889$5,274
33 years$35,638$24,599$16,585$10,966$7,140$4,699
34 years$34,212$23,314$15,496$10,090$6,464$4,188
35 years$32,870$22,113$14,487$9,288$5,855$3,734
36 years$31,606$20,989$13,553$8,554$5,305$3,330
37 years$30,413$19,934$12,685$7,881$4,808$2,970
38 years$29,285$18,945$11,879$7,264$4,359$2,650
39 years$28,218$18,015$11,129$6,698$3,953$2,364
40 years$27,206$17,139$10,432$6,178$3,585$2,110
41 years$26,247$16,315$9,781$5,700$3,253$1,883
42 years$25,336$15,538$9,175$5,260$2,952$1,681
43 years$24,469$14,805$8,610$4,856$2,679$1,501
44 years$23,644$14,112$8,082$4,484$2,431$1,340
45 years$22,858$13,457$7,589$4,141$2,207$1,197
46 years$22,108$12,837$7,127$3,825$2,004$1,069
47 years$21,393$12,251$6,696$3,534$1,820$955
48 years$20,709$11,695$6,292$3,265$1,653$853
49 years$20,055$11,168$5,914$3,018$1,501$762
50 years$19,429$10,668$5,560$2,789$1,363$680

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,900,000, adding $5,082 every year, while hoping to spend $22,659 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: 26/44/30 Blend
61$19,900,000$19,900,000$19,900,000$19,900,000
62$21,935,042$20,880,342$20,571,892$22,300,369
63$24,148,307$21,879,370$21,236,941$23,603,530
64$26,586,566$22,926,591$21,923,511$24,998,410
65$29,272,744$24,024,342$22,632,296$26,494,536
66$32,232,104$25,175,075$23,364,018$28,100,502
67$35,492,486$26,381,360$24,119,420$29,825,700
68$39,084,566$27,645,894$24,899,267$31,680,403
69$43,042,152$28,971,502$25,704,353$33,675,847
70$47,402,497$30,361,151$26,535,494$35,824,328
71$52,206,653$31,817,950$27,393,535$38,139,305
72$57,499,861$33,345,158$28,279,347$40,635,515
73$63,331,971$34,946,195$29,193,830$43,329,100
74$69,757,921$36,624,648$30,137,912$46,237,743
75$76,838,250$38,384,276$31,112,553$49,380,822
76$84,639,670$40,229,025$32,118,742$52,779,580
77$93,235,699$42,163,029$33,157,502$56,457,307
78$102,707,350$44,190,628$34,229,889$60,439,545
79$113,143,901$46,316,369$35,336,991$64,754,310
80$124,643,732$48,545,025$36,479,933$69,432,341
81$137,315,259$50,881,598$37,659,878$74,507,373
82$151,277,955$53,331,335$38,878,023$80,016,428
83$166,663,477$55,899,741$40,135,608$86,000,155
84$183,616,910$58,592,587$41,433,909$92,503,183
85$202,298,137$61,415,925$42,774,247$99,574,525
86$222,883,346$64,376,105$44,157,983$107,268,014
87$245,566,697$67,479,784$45,586,525$115,642,791
88$270,562,151$70,733,944$47,061,324$124,763,833
89$298,105,492$74,145,909$48,583,880$134,702,542
90$328,456,553$77,723,359$50,155,741$145,537,391
91$361,901,668$81,474,350$51,778,505$157,354,632
92$398,756,374$85,407,330$53,453,821$170,249,086
93$439,368,394$89,531,159$55,183,394$184,324,999
94$484,120,915$93,855,130$56,968,982$199,696,997
95$533,436,206$98,388,989$58,812,401$216,491,129
96$587,779,608$103,142,959$60,715,525$234,846,026
97$647,663,924$108,127,759$62,680,291$254,914,163
98$713,654,260$113,354,635$64,708,697$276,863,265
99$786,373,361$118,835,380$66,802,805$300,877,843
100$866,507,492$124,582,361$68,964,747$327,160,896