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

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 $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%14.7%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,563,907
2 years$817,615$802,387$787,630$773,321$759,442$728,415
3 years$539,662$524,369$509,648$495,474$481,821$451,656
4 years$400,713$385,467$370,894$356,961$343,639$314,567
5 years$317,365$302,211$287,829$274,180$261,229$233,334
6 years$261,818$246,778$232,608$219,264$206,701$180,014
7 years$222,157$207,243$193,299$180,269$168,104$142,630
8 years$192,425$177,646$163,933$151,223$139,458$115,191
9 years$169,313$154,673$141,195$128,809$117,444$94,368
10 years$150,833$136,336$123,097$111,034$100,068$78,162
11 years$135,724$121,372$108,373$96,633$86,062$65,299
12 years$123,141$108,937$96,178$84,760$74,579$54,931
13 years$112,503$98,447$85,929$74,831$65,035$46,468
14 years$103,392$89,486$77,207$66,426$57,009$39,490
15 years$95,503$81,747$69,708$59,241$50,195$33,687
16 years$88,608$75,001$63,201$53,044$44,363$28,828
17 years$82,529$69,073$57,510$47,659$39,335$24,736
18 years$77,132$63,827$52,499$42,951$34,975$21,273
19 years$72,309$59,154$48,060$38,809$31,174$18,329
20 years$67,974$54,969$44,107$35,149$27,845$15,818
21 years$64,056$51,201$40,570$31,900$24,918$13,670
22 years$60,500$47,795$37,392$29,005$22,336$11,828
23 years$57,257$44,701$34,525$26,415$20,050$10,245
24 years$54,289$41,882$31,930$24,092$18,021$8,881
25 years$51,563$39,304$29,573$22,002$16,216$7,705
26 years$49,051$36,940$27,428$20,118$14,607$6,689
27 years$46,728$34,765$25,469$18,414$13,170$5,810
28 years$44,576$32,759$23,677$16,871$11,883$5,049
29 years$42,575$30,904$22,033$15,471$10,730$4,389
30 years$40,711$29,186$20,523$14,199$9,695$3,817
31 years$38,971$27,590$19,133$13,041$8,766$3,321
32 years$37,343$26,106$17,851$11,985$7,929$2,890
33 years$35,817$24,723$16,668$11,021$7,176$2,516
34 years$34,384$23,431$15,574$10,140$6,497$2,190
35 years$33,035$22,224$14,560$9,335$5,884$1,907
36 years$31,765$21,094$13,621$8,597$5,332$1,661
37 years$30,565$20,035$12,749$7,921$4,832$1,447
38 years$29,432$19,040$11,939$7,301$4,381$1,260
39 years$28,360$18,105$11,185$6,732$3,973$1,098
40 years$27,343$17,226$10,484$6,209$3,603$957
41 years$26,379$16,397$9,831$5,729$3,269$834
42 years$25,463$15,616$9,221$5,287$2,966$726
43 years$24,592$14,879$8,653$4,880$2,692$633
44 years$23,763$14,183$8,122$4,506$2,444$552
45 years$22,973$13,525$7,627$4,162$2,218$481
46 years$22,219$12,902$7,163$3,844$2,014$419
47 years$21,500$12,312$6,730$3,552$1,829$365
48 years$20,813$11,754$6,324$3,282$1,661$318
49 years$20,156$11,224$5,944$3,033$1,509$278
50 years$19,527$10,722$5,588$2,803$1,370$242

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 $6,184 every year, while hoping to spend $53,382 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: 61/19/20 Blend
61$20,000,000$20,000,000$20,000,000$20,000,000
62$22,046,379$20,986,379$20,676,379$23,276,120
63$24,238,311$21,957,913$21,312,239$25,079,593
64$26,652,032$22,975,264$21,967,612$27,040,518
65$29,310,107$24,040,619$22,643,095$29,179,431
66$32,237,401$25,156,273$23,339,302$31,513,633
67$35,461,316$26,324,631$24,056,869$34,062,153
68$39,012,045$27,548,212$24,796,449$36,845,926
69$42,922,859$28,829,660$25,558,715$39,887,982
70$47,230,421$30,171,744$26,344,362$43,213,664
71$51,975,131$31,577,367$27,154,106$46,850,856
72$57,201,509$33,049,572$27,988,683$50,830,243
73$62,958,613$34,591,550$28,848,853$55,185,597
74$69,300,501$36,206,646$29,735,399$59,954,086
75$76,286,745$37,898,365$30,649,128$65,176,620
76$83,982,990$39,670,382$31,590,871$70,898,232
77$92,461,574$41,526,550$32,561,485$77,168,494
78$101,802,213$43,470,908$33,561,852$84,041,980
79$112,092,747$45,507,692$34,592,883$91,578,771
80$123,429,977$47,641,339$35,655,514$99,845,017
81$135,920,574$49,876,503$36,750,713$108,913,551
82$149,682,084$52,218,064$37,879,474$118,864,570
83$164,844,044$54,671,136$39,042,823$129,786,381
84$181,549,196$57,241,081$40,241,818$141,776,227
85$199,954,843$59,933,523$41,477,547$154,941,195
86$220,234,325$62,754,354$42,751,134$169,399,216
87$242,578,664$65,709,755$44,063,734$185,280,168
88$267,198,359$68,806,204$45,416,541$202,727,092
89$294,325,378$72,050,495$46,810,781$221,897,530
90$324,215,346$75,449,748$48,247,722$242,964,999
91$357,149,957$79,011,432$49,728,666$266,120,617
92$393,439,635$82,743,374$51,254,958$291,574,895
93$433,426,462$86,653,784$52,827,984$319,559,712
94$477,487,408$90,751,267$54,449,169$350,330,485
95$526,037,892$95,044,847$56,119,984$384,168,568
96$579,535,699$99,543,986$57,841,945$421,383,894
97$638,485,303$104,258,604$59,616,613$462,317,881
98$703,442,630$109,199,102$61,445,596$507,346,639
99$775,020,308$114,376,388$63,330,553$556,884,505
100$853,893,445$119,801,896$65,273,192$611,387,934