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%11.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,582,788
2 years$817,615$802,387$787,630$773,321$759,442$747,303
3 years$539,662$524,369$509,648$495,474$481,821$469,959
4 years$400,713$385,467$370,894$356,961$343,639$332,146
5 years$317,365$302,211$287,829$274,180$261,229$250,138
6 years$261,818$246,778$232,608$219,264$206,701$196,028
7 years$222,157$207,243$193,299$180,269$168,104$157,851
8 years$192,425$177,646$163,933$151,223$139,458$129,628
9 years$169,313$154,673$141,195$128,809$117,444$108,032
10 years$150,833$136,336$123,097$111,034$100,068$91,070
11 years$135,724$121,372$108,373$96,633$86,062$77,471
12 years$123,141$108,937$96,178$84,760$74,579$66,388
13 years$112,503$98,447$85,929$74,831$65,035$57,234
14 years$103,392$89,486$77,207$66,426$57,009$49,589
15 years$95,503$81,747$69,708$59,241$50,195$43,146
16 years$88,608$75,001$63,201$53,044$44,363$37,674
17 years$82,529$69,073$57,510$47,659$39,335$32,995
18 years$77,132$63,827$52,499$42,951$34,975$28,972
19 years$72,309$59,154$48,060$38,809$31,174$25,497
20 years$67,974$54,969$44,107$35,149$27,845$22,482
21 years$64,056$51,201$40,570$31,900$24,918$19,857
22 years$60,500$47,795$37,392$29,005$22,336$17,564
23 years$57,257$44,701$34,525$26,415$20,050$15,556
24 years$54,289$41,882$31,930$24,092$18,021$13,793
25 years$51,563$39,304$29,573$22,002$16,216$12,241
26 years$49,051$36,940$27,428$20,118$14,607$10,874
27 years$46,728$34,765$25,469$18,414$13,170$9,667
28 years$44,576$32,759$23,677$16,871$11,883$8,600
29 years$42,575$30,904$22,033$15,471$10,730$7,655
30 years$40,711$29,186$20,523$14,199$9,695$6,817
31 years$38,971$27,590$19,133$13,041$8,766$6,074
32 years$37,343$26,106$17,851$11,985$7,929$5,415
33 years$35,817$24,723$16,668$11,021$7,176$4,828
34 years$34,384$23,431$15,574$10,140$6,497$4,307
35 years$33,035$22,224$14,560$9,335$5,884$3,843
36 years$31,765$21,094$13,621$8,597$5,332$3,430
37 years$30,565$20,035$12,749$7,921$4,832$3,062
38 years$29,432$19,040$11,939$7,301$4,381$2,734
39 years$28,360$18,105$11,185$6,732$3,973$2,442
40 years$27,343$17,226$10,484$6,209$3,603$2,181
41 years$26,379$16,397$9,831$5,729$3,269$1,948
42 years$25,463$15,616$9,221$5,287$2,966$1,741
43 years$24,592$14,879$8,653$4,880$2,692$1,556
44 years$23,763$14,183$8,122$4,506$2,444$1,390
45 years$22,973$13,525$7,627$4,162$2,218$1,243
46 years$22,219$12,902$7,163$3,844$2,014$1,111
47 years$21,500$12,312$6,730$3,552$1,829$993
48 years$20,813$11,754$6,324$3,282$1,661$887
49 years$20,156$11,224$5,944$3,033$1,509$793
50 years$19,527$10,722$5,588$2,803$1,370$709

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 $4,801 every year, while hoping to spend $37,020 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: 53/42/5 Blend
61$20,000,000$20,000,000$20,000,000$20,000,000
62$22,044,952$20,984,952$20,674,952$23,189,125
63$24,254,148$21,973,826$21,328,174$24,952,245
64$26,687,442$23,009,914$22,002,038$26,864,831
65$29,367,651$24,095,490$22,697,197$28,944,537
66$32,319,922$25,232,939$23,414,323$31,207,136
67$35,571,962$26,424,762$24,154,112$33,669,949
68$39,154,307$27,673,579$24,917,278$36,352,000
69$43,100,601$28,982,139$25,704,562$39,274,192
70$47,447,923$30,353,325$26,516,725$42,459,488
71$52,237,130$31,790,156$27,354,555$45,933,124
72$57,513,246$33,295,803$28,218,861$49,722,834
73$63,325,885$34,873,586$29,110,481$53,859,104
74$69,729,722$36,526,988$30,030,279$58,375,445
75$76,785,005$38,259,662$30,979,145$63,308,700
76$84,558,127$40,075,436$31,957,997$68,699,383
77$93,122,250$41,978,327$32,967,785$74,592,043
78$102,557,999$43,972,544$34,009,484$81,035,675
79$112,954,218$46,062,502$35,084,105$88,084,166
80$124,408,813$48,252,830$36,192,688$95,796,793
81$137,029,675$50,548,382$37,336,306$104,238,765
82$150,935,697$52,954,247$38,516,067$113,481,822
83$166,257,896$55,475,763$39,733,114$123,604,897
84$183,140,652$58,118,527$40,988,624$134,694,843
85$201,743,070$60,888,406$42,283,814$146,847,235
86$222,240,480$63,791,554$43,619,938$160,167,252
87$244,826,093$66,834,424$44,998,291$174,770,653
88$269,712,827$70,023,784$46,420,206$190,784,844
89$297,135,314$73,366,728$47,887,061$208,350,061
90$327,352,115$76,870,697$49,400,277$227,620,672
91$360,648,164$80,543,494$50,961,319$248,766,609
92$397,337,453$84,393,301$52,571,700$271,974,945
93$437,765,999$88,428,699$54,232,978$297,451,637
94$482,315,111$92,658,685$55,946,763$325,423,438
95$531,404,987$97,092,696$57,714,714$356,140,014
96$585,498,684$101,740,626$59,538,545$389,876,265
97$645,106,484$106,612,851$61,420,021$426,934,891
98$710,790,719$111,720,254$63,360,965$467,649,215
99$783,171,072$117,074,246$65,363,257$512,386,295
100$862,930,431$122,686,794$67,428,836$561,550,351