Can I retire at age 62 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,262,013
2 years$654,092$641,910$630,104$618,657$607,554$593,609
3 years$431,730$419,495$407,719$396,379$385,457$371,850
4 years$320,570$308,373$296,715$285,569$274,911$261,747
5 years$253,892$241,768$230,263$219,344$208,983$196,300
6 years$209,455$197,422$186,087$175,411$165,361$153,174
7 years$177,726$165,795$154,639$144,215$134,483$122,797
8 years$153,940$142,117$131,146$120,979$111,567$100,382
9 years$135,450$123,738$112,956$103,047$93,955$83,267
10 years$120,667$109,069$98,478$88,828$80,054$69,856
11 years$108,579$97,098$86,698$77,307$68,850$59,132
12 years$98,513$87,150$76,942$67,808$59,664$50,417
13 years$90,002$78,758$68,743$59,865$52,028$43,241
14 years$82,714$71,589$61,766$53,141$45,607$37,269
15 years$76,403$65,398$55,766$47,392$40,156$32,252
16 years$70,886$60,001$50,560$42,435$35,490$28,008
17 years$66,023$55,259$46,008$38,127$31,468$24,393
18 years$61,706$51,062$41,999$34,360$27,980$21,298
19 years$57,847$47,323$38,448$31,048$24,939$18,635
20 years$54,379$43,975$35,286$28,120$22,276$16,336
21 years$51,245$40,961$32,456$25,520$19,935$14,343
22 years$48,400$38,236$29,913$23,204$17,869$12,611
23 years$45,806$35,761$27,620$21,132$16,040$11,101
24 years$43,431$33,506$25,544$19,274$14,417$9,782
25 years$41,250$31,444$23,659$17,602$12,973$8,628
26 years$39,241$29,552$21,942$16,094$11,686$7,617
27 years$37,383$27,812$20,375$14,731$10,536$6,728
28 years$35,661$26,207$18,941$13,497$9,506$5,947
29 years$34,060$24,723$17,627$12,377$8,584$5,260
30 years$32,569$23,348$16,418$11,359$7,756$4,654
31 years$31,177$22,072$15,306$10,433$7,012$4,120
32 years$29,875$20,885$14,281$9,588$6,343$3,648
33 years$28,654$19,778$13,334$8,817$5,741$3,232
34 years$27,507$18,745$12,459$8,112$5,197$2,863
35 years$26,428$17,779$11,648$7,468$4,708$2,538
36 years$25,412$16,875$10,897$6,878$4,265$2,250
37 years$24,452$16,028$10,199$6,337$3,866$1,995
38 years$23,546$15,232$9,551$5,841$3,505$1,769
39 years$22,688$14,484$8,948$5,385$3,178$1,569
40 years$21,875$13,780$8,387$4,967$2,883$1,392
41 years$21,103$13,118$7,864$4,583$2,615$1,235
42 years$20,370$12,493$7,377$4,230$2,373$1,096
43 years$19,674$11,903$6,922$3,904$2,154$973
44 years$19,010$11,346$6,498$3,605$1,955$863
45 years$18,378$10,820$6,101$3,329$1,775$766
46 years$17,776$10,322$5,731$3,075$1,611$680
47 years$17,200$9,850$5,384$2,841$1,463$604
48 years$16,650$9,403$5,059$2,625$1,329$536
49 years$16,125$8,979$4,755$2,426$1,207$476
50 years$15,622$8,577$4,471$2,243$1,096$422

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,000,000, adding $2,654 every year, while hoping to spend $41,656 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: 52/31/17 Blend
61$16,000,000$16,000,000$16,000,000$16,000,000
62$17,634,738$16,786,738$16,538,738$18,469,860
63$19,389,159$17,564,966$17,048,464$19,821,321
64$21,321,136$18,379,932$17,573,869$21,285,854
65$23,448,734$19,233,390$18,115,436$22,877,846
66$25,791,861$20,127,183$18,673,660$24,609,391
67$28,372,455$21,063,239$19,249,052$26,493,778
68$31,214,689$22,043,582$19,842,139$28,545,609
69$34,345,201$23,070,331$20,453,464$30,780,933
70$37,793,344$24,145,709$21,083,587$33,217,392
71$41,591,462$25,272,046$21,733,084$35,874,381
72$45,775,199$26,451,784$22,402,550$38,773,223
73$50,383,831$27,687,484$23,092,598$41,937,365
74$55,460,641$28,981,829$23,803,859$45,392,594
75$61,053,321$30,337,633$24,536,983$49,167,269
76$67,214,428$31,757,846$25,292,641$53,292,584
77$74,001,880$33,245,561$26,071,524$57,802,855
78$81,479,496$34,804,017$26,874,344$62,735,834
79$89,717,606$36,436,616$27,701,836$68,133,056
80$98,793,710$38,146,918$28,554,756$74,040,223
81$108,793,211$39,938,660$29,433,883$80,507,626
82$119,810,221$41,815,757$30,340,020$87,590,611
83$131,948,450$43,782,315$31,273,997$95,350,088
84$145,322,182$45,842,638$32,236,666$103,853,096
85$160,057,356$48,001,240$33,228,907$113,173,426
86$176,292,757$50,262,850$34,251,625$123,392,303
87$194,181,319$52,632,431$35,305,755$134,599,145
88$213,891,575$55,115,182$36,392,260$146,892,387
89$235,609,246$57,716,556$37,512,131$160,380,402
90$259,538,993$60,442,271$38,666,391$175,182,508
91$285,906,348$63,298,320$39,856,093$191,430,079
92$314,959,847$66,290,989$41,082,323$209,267,770
93$346,973,370$69,426,866$42,346,200$228,854,866
94$382,248,733$72,712,862$43,648,877$250,366,768
95$421,118,531$76,156,220$44,991,542$273,996,632
96$463,949,282$79,764,535$46,375,419$299,957,173
97$511,144,884$83,545,773$47,801,771$328,482,652
98$563,150,431$87,508,284$49,271,899$359,831,069
99$620,456,409$91,660,825$50,787,142$394,286,578
100$683,603,333$96,012,575$52,348,881$432,162,142