Can I retire at age 62 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,260,356
2 years$670,444$657,958$645,856$634,123$622,742$575,505
3 years$442,523$429,982$417,912$406,289$395,093$349,507
4 years$328,585$316,083$304,133$292,708$281,784$238,196
5 years$260,239$247,813$236,019$224,828$214,208$172,732
6 years$214,691$202,358$190,739$179,797$169,495$130,162
7 years$182,169$169,940$158,505$147,821$137,845$100,646
8 years$157,789$145,670$134,425$124,003$114,356$79,258
9 years$138,836$126,832$115,780$105,623$96,304$63,260
10 years$123,683$111,796$100,940$91,048$82,056$51,008
11 years$111,293$99,525$88,866$79,239$70,571$41,454
12 years$100,976$89,329$78,866$69,503$61,155$33,899
13 years$92,252$80,727$70,462$61,361$53,328$27,857
14 years$84,782$73,379$63,310$54,470$46,747$22,982
15 years$78,313$67,033$57,160$48,577$41,160$19,021
16 years$72,658$61,501$51,824$43,496$36,377$15,784
17 years$67,674$56,640$47,158$39,081$32,255$13,126
18 years$63,249$52,338$43,049$35,219$28,679$10,934
19 years$59,294$48,506$39,409$31,824$25,563$9,122
20 years$55,738$45,075$36,168$28,823$22,833$7,619
21 years$52,526$41,985$33,268$26,158$20,433$6,370
22 years$49,610$39,192$30,661$23,784$18,315$5,331
23 years$46,951$36,655$28,310$21,660$16,441$4,464
24 years$44,517$34,343$26,182$19,756$14,777$3,740
25 years$42,282$32,230$24,250$18,042$13,297$3,135
26 years$40,222$30,291$22,491$16,497$11,978$2,629
27 years$38,317$28,507$20,885$15,100$10,799$2,205
28 years$36,552$26,862$19,415$13,835$9,744$1,850
29 years$34,912$25,341$18,067$12,687$8,799$1,553
30 years$33,383$23,932$16,829$11,643$7,950$1,304
31 years$31,956$22,624$15,689$10,693$7,188$1,095
32 years$30,621$21,407$14,638$9,827$6,502$919
33 years$29,370$20,273$13,668$9,037$5,884$772
34 years$28,195$19,214$12,770$8,315$5,327$648
35 years$27,089$18,224$11,939$7,654$4,825$545
36 years$26,047$17,297$11,169$7,049$4,372$457
37 years$25,064$16,428$10,454$6,495$3,962$384
38 years$24,134$15,613$9,790$5,987$3,592$323
39 years$23,255$14,846$9,172$5,520$3,258$271
40 years$22,421$14,125$8,597$5,091$2,955$228
41 years$21,631$13,446$8,061$4,698$2,681$191
42 years$20,880$12,805$7,562$4,335$2,432$161
43 years$20,165$12,201$7,096$4,002$2,208$135
44 years$19,486$11,630$6,660$3,695$2,004$114
45 years$18,838$11,090$6,254$3,413$1,819$95
46 years$18,220$10,580$5,874$3,152$1,652$80
47 years$17,630$10,096$5,518$2,912$1,500$67
48 years$17,067$9,638$5,186$2,691$1,362$57
49 years$16,528$9,204$4,874$2,487$1,237$48
50 years$16,012$8,792$4,582$2,299$1,124$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $16,400,000, adding $2,685 every year, while hoping to spend $55,912 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: 82/11/7 Blend
61$16,400,000$16,400,000$16,400,000$16,400,000
62$18,075,570$17,206,370$16,952,170$19,545,402
63$19,859,788$17,989,992$17,460,577$21,290,585
64$21,824,122$18,810,137$17,984,143$23,198,322
65$23,986,886$19,668,537$18,523,315$25,290,915
66$26,368,258$20,567,005$19,078,555$27,586,843
67$28,990,472$21,507,441$19,650,339$30,106,452
68$31,878,032$22,491,837$20,239,157$32,872,147
69$35,057,934$23,522,280$20,845,512$35,908,604
70$38,559,929$24,600,957$21,469,922$39,242,994
71$42,416,799$25,730,162$22,112,922$42,905,246
72$46,664,669$26,912,295$22,775,061$46,928,319
73$51,343,343$28,149,876$23,456,904$51,348,515
74$56,496,688$29,445,543$24,159,033$56,205,819
75$62,173,037$30,802,062$24,882,048$61,544,272
76$68,425,656$32,222,332$25,626,565$67,412,383
77$75,313,236$33,709,390$26,393,219$73,863,589
78$82,900,458$35,266,422$27,182,663$80,956,748
79$91,258,592$36,896,764$27,995,570$88,756,699
80$100,466,177$38,603,914$28,832,631$97,334,869
81$110,609,762$40,391,541$29,694,558$106,769,938
82$121,784,717$42,263,486$30,582,085$117,148,585
83$134,096,140$44,223,778$31,495,967$128,566,301
84$147,659,843$46,276,640$32,436,979$141,128,281
85$162,603,449$48,426,498$33,405,920$154,950,421
86$179,067,597$50,677,991$34,403,614$170,160,399
87$197,207,262$53,035,984$35,430,906$186,898,884
88$217,193,229$55,505,573$36,488,667$205,320,854
89$239,213,696$58,092,104$37,577,795$225,597,053
90$263,476,053$60,801,177$38,699,211$247,915,601
91$290,208,841$63,638,665$39,853,865$272,483,765
92$319,663,908$66,610,725$41,042,735$299,529,904
93$352,118,785$69,723,809$42,266,825$329,305,626
94$387,879,309$72,984,683$43,527,171$362,088,151
95$427,282,504$76,400,438$44,824,837$398,182,926
96$470,699,770$79,978,510$46,160,919$437,926,499
97$518,540,382$83,726,693$47,536,546$481,689,689
98$571,255,357$87,653,157$48,952,877$529,881,080
99$629,341,712$91,766,470$50,411,106$582,950,871
100$693,347,151$96,075,612$51,912,463$641,395,117