Can I retire at age 62 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,309,994
2 years$699,060$686,041$673,423$661,189$649,323$595,993
3 years$461,411$448,335$435,749$423,630$411,957$360,562
4 years$342,609$329,574$317,114$305,202$293,811$244,741
5 years$271,347$258,390$246,093$234,424$223,351$176,730
6 years$223,855$210,995$198,880$187,471$176,730$132,590
7 years$189,945$177,193$165,270$154,130$143,729$102,054
8 years$164,524$151,887$140,162$129,296$119,237$79,986
9 years$144,762$132,245$120,722$110,132$100,415$63,528
10 years$128,962$116,568$105,248$94,934$85,558$50,965
11 years$116,044$103,773$92,659$82,621$73,583$41,204
12 years$105,286$93,141$82,232$72,470$63,765$33,514
13 years$96,190$84,173$73,469$63,980$55,605$27,390
14 years$88,400$76,511$66,012$56,794$48,743$22,471
15 years$81,655$69,894$59,600$50,651$42,917$18,492
16 years$75,759$64,126$54,036$45,352$37,930$15,256
17 years$70,563$59,058$49,171$40,749$33,631$12,612
18 years$65,948$54,572$44,887$36,723$29,904$10,444
19 years$61,824$50,577$41,092$33,182$26,654$8,660
20 years$58,117$46,998$37,712$30,053$23,808$7,189
21 years$54,768$43,777$34,688$27,275$21,305$5,974
22 years$51,727$40,864$31,970$24,799$19,097$4,967
23 years$48,955$38,220$29,519$22,585$17,143$4,133
24 years$46,417$35,809$27,300$20,599$15,408$3,441
25 years$44,086$33,605$25,285$18,812$13,865$2,866
26 years$41,938$31,584$23,451$17,201$12,489$2,388
27 years$39,953$29,724$21,776$15,744$11,260$1,990
28 years$38,112$28,009$20,244$14,425$10,160$1,659
29 years$36,402$26,423$18,838$13,228$9,174$1,384
30 years$34,808$24,954$17,547$12,140$8,290$1,154
31 years$33,320$23,589$16,359$11,150$7,495$962
32 years$31,928$22,320$15,263$10,247$6,779$803
33 years$30,624$21,138$14,251$9,423$6,135$670
34 years$29,398$20,034$13,315$8,670$5,555$559
35 years$28,245$19,002$12,449$7,981$5,031$466
36 years$27,159$18,035$11,646$7,350$4,559$389
37 years$26,133$17,130$10,900$6,772$4,132$325
38 years$25,164$16,279$10,208$6,242$3,746$271
39 years$24,247$15,480$9,563$5,756$3,397$226
40 years$23,378$14,728$8,964$5,309$3,081$189
41 years$22,554$14,020$8,405$4,898$2,795$158
42 years$21,771$13,352$7,884$4,520$2,536$132
43 years$21,026$12,722$7,398$4,173$2,302$110
44 years$20,317$12,126$6,945$3,853$2,089$92
45 years$19,642$11,564$6,521$3,558$1,897$76
46 years$18,998$11,031$6,125$3,287$1,722$64
47 years$18,383$10,527$5,754$3,037$1,564$53
48 years$17,795$10,049$5,407$2,806$1,420$44
49 years$17,233$9,597$5,082$2,593$1,290$37
50 years$16,696$9,167$4,778$2,397$1,172$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,100,000, adding $2,507 every year, while hoping to spend $49,936 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: 62/25/13 Blend
61$17,100,000$17,100,000$17,100,000$17,100,000
62$18,846,786$17,940,486$17,675,436$19,956,347
63$20,716,027$18,766,438$18,214,432$21,526,959
64$22,774,256$19,631,189$18,769,810$23,234,756
65$25,040,699$20,536,585$19,342,067$25,097,744
66$27,536,538$21,484,566$19,931,714$27,130,973
67$30,285,116$22,477,160$20,539,277$29,350,995
68$33,312,154$23,516,497$21,165,299$31,776,015
69$36,645,995$24,604,808$21,810,339$34,426,058
70$40,317,872$25,744,429$22,474,971$37,323,155
71$44,362,202$26,937,812$23,159,789$40,491,542
72$48,816,908$28,187,527$23,865,403$43,957,887
73$53,723,781$29,496,265$24,592,443$47,751,534
74$59,128,874$30,866,848$25,341,557$51,904,775
75$65,082,932$32,302,237$26,113,412$56,453,146
76$71,641,875$33,805,531$26,908,695$61,435,762
77$78,867,326$35,379,981$27,728,116$66,895,672
78$86,827,189$37,028,996$28,572,404$72,880,264
79$95,596,294$38,756,148$29,442,311$79,441,701
80$105,257,098$40,565,181$30,338,610$86,637,410
81$115,900,468$42,460,022$31,262,100$94,530,610
82$127,626,538$44,444,785$32,213,602$103,190,906
83$140,545,649$46,523,784$33,193,962$112,694,935
84$154,779,398$48,701,541$34,204,053$123,127,077
85$170,461,779$50,982,799$35,244,771$134,580,249
86$187,740,451$53,372,528$36,317,042$147,156,765
87$206,778,133$55,875,937$37,421,818$160,969,295
88$227,754,135$58,498,491$38,560,082$176,141,916
89$250,866,056$61,245,916$39,732,843$192,811,273
90$276,331,643$64,124,215$40,941,143$211,127,856
91$304,390,854$67,139,685$42,186,055$231,257,407
92$335,308,116$70,298,925$43,468,683$253,382,474
93$369,374,825$73,608,853$44,790,165$277,704,117
94$406,912,095$77,076,724$46,151,673$304,443,794
95$448,273,788$80,710,144$47,554,413$333,845,436
96$493,849,859$84,517,085$48,999,631$366,177,734
97$544,070,032$88,505,910$50,488,606$401,736,658
98$599,407,859$92,685,382$52,022,657$440,848,232
99$660,385,188$97,064,694$53,603,144$483,871,599
100$727,577,093$101,653,480$55,231,465$531,202,386