Can I retire at age 62 with 20,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,578,173
2 years$817,615$802,387$787,630$773,321$759,442$742,670
3 years$539,662$524,369$509,648$495,474$481,821$465,452
4 years$400,713$385,467$370,894$356,961$343,639$327,799
5 years$317,365$302,211$287,829$274,180$261,229$245,965
6 years$261,818$246,778$232,608$219,264$206,701$192,032
7 years$222,157$207,243$193,299$180,269$168,104$154,035
8 years$192,425$177,646$163,933$151,223$139,458$125,989
9 years$169,313$154,673$141,195$128,809$117,444$104,570
10 years$150,833$136,336$123,097$111,034$100,068$87,781
11 years$135,724$121,372$108,373$96,633$86,062$74,351
12 years$123,141$108,937$96,178$84,760$74,579$63,434
13 years$112,503$98,447$85,929$74,831$65,035$54,440
14 years$103,392$89,486$77,207$66,426$57,009$46,952
15 years$95,503$81,747$69,708$59,241$50,195$40,660
16 years$88,608$75,001$63,201$53,044$44,363$35,333
17 years$82,529$69,073$57,510$47,659$39,335$30,794
18 years$77,132$63,827$52,499$42,951$34,975$26,906
19 years$72,309$59,154$48,060$38,809$31,174$23,559
20 years$67,974$54,969$44,107$35,149$27,845$20,667
21 years$64,056$51,201$40,570$31,900$24,918$18,160
22 years$60,500$47,795$37,392$29,005$22,336$15,978
23 years$57,257$44,701$34,525$26,415$20,050$14,076
24 years$54,289$41,882$31,930$24,092$18,021$12,414
25 years$51,563$39,304$29,573$22,002$16,216$10,958
26 years$49,051$36,940$27,428$20,118$14,607$9,681
27 years$46,728$34,765$25,469$18,414$13,170$8,558
28 years$44,576$32,759$23,677$16,871$11,883$7,571
29 years$42,575$30,904$22,033$15,471$10,730$6,701
30 years$40,711$29,186$20,523$14,199$9,695$5,934
31 years$38,971$27,590$19,133$13,041$8,766$5,257
32 years$37,343$26,106$17,851$11,985$7,929$4,659
33 years$35,817$24,723$16,668$11,021$7,176$4,131
34 years$34,384$23,431$15,574$10,140$6,497$3,663
35 years$33,035$22,224$14,560$9,335$5,884$3,250
36 years$31,765$21,094$13,621$8,597$5,332$2,883
37 years$30,565$20,035$12,749$7,921$4,832$2,559
38 years$29,432$19,040$11,939$7,301$4,381$2,271
39 years$28,360$18,105$11,185$6,732$3,973$2,016
40 years$27,343$17,226$10,484$6,209$3,603$1,790
41 years$26,379$16,397$9,831$5,729$3,269$1,590
42 years$25,463$15,616$9,221$5,287$2,966$1,412
43 years$24,592$14,879$8,653$4,880$2,692$1,254
44 years$23,763$14,183$8,122$4,506$2,444$1,114
45 years$22,973$13,525$7,627$4,162$2,218$989
46 years$22,219$12,902$7,163$3,844$2,014$879
47 years$21,500$12,312$6,730$3,552$1,829$781
48 years$20,813$11,754$6,324$3,282$1,661$694
49 years$20,156$11,224$5,944$3,033$1,509$617
50 years$19,527$10,722$5,588$2,803$1,370$548

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $20,000,000, adding $2,899 every year, while hoping to spend $59,732 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: 67/16/17 Blend
61$20,000,000$20,000,000$20,000,000$20,000,000
62$22,042,990$20,982,990$20,672,990$23,428,903
63$24,227,821$21,947,602$21,301,981$25,319,910
64$26,633,502$22,957,479$21,950,041$27,379,643
65$29,282,498$24,014,774$22,617,746$29,630,441
66$32,199,562$25,121,746$23,305,689$32,091,062
67$35,411,968$26,280,763$24,014,481$34,782,151
68$38,949,774$27,494,306$24,744,751$37,726,426
69$42,846,098$28,764,974$25,497,148$40,948,890
70$47,137,436$30,095,493$26,272,338$44,477,066
71$51,864,003$31,488,721$27,071,010$48,341,245
72$57,070,114$32,947,651$27,893,871$52,574,774
73$62,804,602$34,475,422$28,741,652$57,214,365
74$69,121,277$36,075,324$29,615,104$62,300,431
75$76,079,438$37,750,805$30,515,000$67,877,470
76$83,744,426$39,505,480$31,442,138$73,994,474
77$92,188,248$41,343,139$32,397,340$80,705,387
78$101,490,248$43,267,752$33,381,450$88,069,609
79$111,737,865$45,283,483$34,395,340$96,152,551
80$123,027,450$47,394,696$35,439,907$105,026,244
81$135,465,181$49,605,968$36,516,075$114,770,013
82$149,168,062$51,922,093$37,624,796$125,471,220
83$164,265,029$54,348,099$38,767,050$137,226,079
84$180,898,163$56,889,257$39,943,848$150,140,557
85$199,224,037$59,551,092$41,156,228$164,331,369
86$219,415,189$62,339,397$42,405,262$179,927,067
87$241,661,753$65,260,242$43,692,054$197,069,247
88$266,173,253$68,319,995$45,017,738$215,913,878
89$293,180,579$71,525,328$46,383,486$236,632,761
90$322,938,168$74,883,240$47,790,503$259,415,144
91$355,726,406$78,401,063$49,240,030$284,469,496
92$391,854,273$82,086,489$50,733,345$312,025,467
93$431,662,262$85,947,580$52,271,765$342,336,038
94$475,525,589$89,992,788$53,856,646$375,679,906
95$523,857,740$94,230,976$55,489,384$412,364,097
96$577,114,370$98,671,433$57,171,418$452,726,850
97$635,797,604$103,323,902$58,904,230$497,140,802
98$700,460,782$108,198,595$60,689,343$546,016,487
99$771,713,676$113,306,221$62,528,331$599,806,199
100$850,228,251$118,658,006$64,422,810$659,008,245