Can I retire at age 62 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,265,728
2 years$662,268$649,934$637,980$626,390$615,148$588,985
3 years$437,126$424,739$412,815$401,334$390,275$364,847
4 years$324,577$312,228$300,424$289,139$278,348$253,851
5 years$257,066$244,791$233,141$222,086$211,595$188,099
6 years$212,073$199,890$188,413$177,604$167,428$144,958
7 years$179,948$167,867$156,572$146,018$136,164$114,725
8 years$155,865$143,893$132,785$122,491$112,961$92,547
9 years$137,143$125,285$114,368$104,335$95,130$75,727
10 years$122,175$110,433$99,709$89,938$81,055$62,645
11 years$109,936$98,312$87,782$78,273$69,710$52,270
12 years$99,744$88,239$77,904$68,656$60,409$43,913
13 years$91,127$79,742$69,602$60,613$52,678$37,098
14 years$83,748$72,484$62,538$53,805$46,177$31,484
15 years$77,358$66,215$56,463$47,985$40,658$26,821
16 years$71,772$60,751$51,192$42,965$35,934$22,920
17 years$66,849$55,950$46,583$38,604$31,861$19,638
18 years$62,477$51,700$42,524$34,790$28,330$16,864
19 years$58,570$47,915$38,929$31,436$25,251$14,509
20 years$55,059$44,525$35,727$28,471$22,555$12,503
21 years$51,886$41,473$32,862$25,839$20,184$10,789
22 years$49,005$38,714$30,287$23,494$18,092$9,320
23 years$46,378$36,208$27,965$21,396$16,240$8,060
24 years$43,974$33,925$25,863$19,515$14,597$6,976
25 years$41,766$31,837$23,954$17,822$13,135$6,043
26 years$39,731$29,921$22,216$16,295$11,832$5,237
27 years$37,850$28,159$20,630$14,916$10,667$4,542
28 years$36,106$26,534$19,178$13,666$9,625$3,940
29 years$34,486$25,032$17,847$12,532$8,691$3,420
30 years$32,976$23,640$16,624$11,501$7,853$2,970
31 years$31,567$22,348$15,498$10,563$7,100$2,579
32 years$30,248$21,146$14,460$9,708$6,423$2,241
33 years$29,012$20,025$13,501$8,927$5,812$1,947
34 years$27,851$18,979$12,615$8,214$5,262$1,692
35 years$26,759$18,002$11,794$7,561$4,766$1,471
36 years$25,729$17,086$11,033$6,964$4,319$1,279
37 years$24,758$16,228$10,327$6,416$3,914$1,112
38 years$23,840$15,422$9,670$5,914$3,549$967
39 years$22,971$14,665$9,060$5,453$3,218$841
40 years$22,148$13,953$8,492$5,029$2,919$732
41 years$21,367$13,282$7,963$4,640$2,648$637
42 years$20,625$12,649$7,469$4,282$2,403$554
43 years$19,919$12,052$7,009$3,953$2,181$482
44 years$19,248$11,488$6,579$3,650$1,979$419
45 years$18,608$10,955$6,178$3,371$1,797$365
46 years$17,998$10,451$5,802$3,114$1,631$317
47 years$17,415$9,973$5,451$2,877$1,481$276
48 years$16,858$9,521$5,122$2,658$1,345$240
49 years$16,326$9,092$4,815$2,457$1,222$209
50 years$15,817$8,685$4,527$2,271$1,110$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,200,000, adding $6,299 every year, while hoping to spend $33,115 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: 46/38/16 Blend
61$16,200,000$16,200,000$16,200,000$16,200,000
62$17,858,897$17,000,297$16,749,197$18,598,877
63$19,645,271$17,798,078$17,275,061$19,912,353
64$21,612,745$18,633,840$17,817,432$21,332,621
65$23,779,756$19,509,409$18,376,827$22,872,724
66$26,166,621$20,426,700$18,953,781$24,543,814
67$28,795,729$21,387,721$19,548,845$26,358,129
68$31,691,749$22,394,575$20,162,587$28,329,109
69$34,881,867$23,449,469$20,795,593$30,471,511
70$38,396,040$24,554,716$21,448,469$32,801,544
71$42,267,280$25,712,740$22,121,836$35,337,010
72$46,531,964$26,926,086$22,816,339$38,097,472
73$51,230,178$28,197,419$23,532,641$41,104,421
74$56,406,097$29,529,533$24,271,425$44,381,478
75$62,108,399$30,925,360$25,033,397$47,954,603
76$68,390,725$32,387,972$25,819,285$51,852,335
77$75,312,187$33,920,590$26,629,840$56,106,046
78$82,937,925$35,526,594$27,465,834$60,750,232
79$91,339,721$37,209,525$28,328,067$65,822,825
80$100,596,677$38,973,097$29,217,362$71,365,539
81$110,795,962$40,821,203$30,134,568$77,424,255
82$122,033,635$42,757,926$31,080,561$84,049,440
83$134,415,550$44,787,549$32,056,244$91,296,609
84$148,058,356$46,914,559$33,062,548$99,226,838
85$163,090,600$49,143,663$34,100,435$107,907,324
86$179,653,937$51,479,798$35,170,895$117,412,008
87$197,904,469$53,928,139$36,274,951$127,822,253
88$218,014,219$56,494,112$37,413,656$139,227,597
89$240,172,754$59,183,408$38,588,097$151,726,585
90$264,588,973$62,001,994$39,799,397$165,427,676
91$291,493,082$64,956,126$41,048,711$180,450,252
92$321,138,766$68,052,365$42,337,233$196,925,723
93$353,805,582$71,297,592$43,666,191$214,998,747
94$389,801,598$74,699,021$45,036,855$234,828,578
95$429,466,305$78,264,217$46,450,534$256,590,542
96$473,173,818$82,001,114$47,908,577$280,477,670
97$521,336,409$85,918,030$49,412,376$306,702,499
98$574,408,398$90,023,689$50,963,366$335,499,047
99$632,890,444$94,327,239$52,563,028$367,125,000
100$697,334,269$98,838,273$54,212,889$401,864,113