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%15.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,331,696
2 years$699,060$686,041$673,423$661,189$649,323$617,383
3 years$461,411$448,335$435,749$423,630$411,957$380,958
4 years$342,609$329,574$317,114$305,202$293,811$263,991
5 years$271,347$258,390$246,093$234,424$223,351$194,794
6 years$223,855$210,995$198,880$187,471$176,730$149,465
7 years$189,945$177,193$165,270$154,130$143,729$117,760
8 years$164,524$151,887$140,162$129,296$119,237$94,553
9 years$144,762$132,245$120,722$110,132$100,415$76,998
10 years$128,962$116,568$105,248$94,934$85,558$63,382
11 years$116,044$103,773$92,659$82,621$73,583$52,617
12 years$105,286$93,141$82,232$72,470$63,765$43,975
13 years$96,190$84,173$73,469$63,980$55,605$36,953
14 years$88,400$76,511$66,012$56,794$48,743$31,191
15 years$81,655$69,894$59,600$50,651$42,917$26,423
16 years$75,759$64,126$54,036$45,352$37,930$22,453
17 years$70,563$59,058$49,171$40,749$33,631$19,127
18 years$65,948$54,572$44,887$36,723$29,904$16,329
19 years$61,824$50,577$41,092$33,182$26,654$13,965
20 years$58,117$46,998$37,712$30,053$23,808$11,962
21 years$54,768$43,777$34,688$27,275$21,305$10,259
22 years$51,727$40,864$31,970$24,799$19,097$8,808
23 years$48,955$38,220$29,519$22,585$17,143$7,570
24 years$46,417$35,809$27,300$20,599$15,408$6,511
25 years$44,086$33,605$25,285$18,812$13,865$5,603
26 years$41,938$31,584$23,451$17,201$12,489$4,826
27 years$39,953$29,724$21,776$15,744$11,260$4,158
28 years$38,112$28,009$20,244$14,425$10,160$3,584
29 years$36,402$26,423$18,838$13,228$9,174$3,090
30 years$34,808$24,954$17,547$12,140$8,290$2,666
31 years$33,320$23,589$16,359$11,150$7,495$2,300
32 years$31,928$22,320$15,263$10,247$6,779$1,985
33 years$30,624$21,138$14,251$9,423$6,135$1,713
34 years$29,398$20,034$13,315$8,670$5,555$1,479
35 years$28,245$19,002$12,449$7,981$5,031$1,277
36 years$27,159$18,035$11,646$7,350$4,559$1,103
37 years$26,133$17,130$10,900$6,772$4,132$953
38 years$25,164$16,279$10,208$6,242$3,746$823
39 years$24,247$15,480$9,563$5,756$3,397$711
40 years$23,378$14,728$8,964$5,309$3,081$614
41 years$22,554$14,020$8,405$4,898$2,795$531
42 years$21,771$13,352$7,884$4,520$2,536$458
43 years$21,026$12,722$7,398$4,173$2,302$396
44 years$20,317$12,126$6,945$3,853$2,089$342
45 years$19,642$11,564$6,521$3,558$1,897$296
46 years$18,998$11,031$6,125$3,287$1,722$256
47 years$18,383$10,527$5,754$3,037$1,564$221
48 years$17,795$10,049$5,407$2,806$1,420$191
49 years$17,233$9,597$5,082$2,593$1,290$165
50 years$16,696$9,167$4,778$2,397$1,172$143

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 $2,197 every year, while hoping to spend $59,748 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: 75/18/7 Blend
61$17,100,000$17,100,000$17,100,000$17,100,000
62$18,846,466$17,940,166$17,675,116$20,242,574
63$20,705,234$18,755,663$18,203,661$21,976,837
64$22,751,594$19,609,117$18,747,910$23,868,852
65$25,004,617$20,502,324$19,308,325$25,940,356
66$27,485,318$21,437,167$19,885,384$28,209,106
67$30,216,853$22,415,621$20,479,577$30,694,650
68$33,224,737$23,439,751$21,091,408$33,418,505
69$36,537,087$24,511,726$21,721,396$36,404,354
70$40,184,884$25,633,815$22,370,078$39,678,272
71$44,202,269$26,808,399$23,038,002$43,268,964
72$48,626,861$28,037,970$23,725,735$47,208,036
73$53,500,114$29,325,144$24,433,861$51,530,285
74$58,867,708$30,672,658$25,162,977$56,274,026
75$64,779,980$32,083,384$25,913,703$61,481,450
76$71,292,398$33,560,330$26,686,672$67,199,016
77$78,466,086$35,106,650$27,482,539$73,477,885
78$86,368,399$36,725,648$28,301,976$80,374,399
79$95,073,559$38,420,788$29,145,676$87,950,607
80$104,663,356$40,195,701$30,014,350$96,274,846
81$115,227,920$42,054,192$30,908,732$105,422,380
82$126,866,569$44,000,249$31,829,577$115,476,104
83$139,688,752$46,038,053$32,777,660$126,527,321
84$153,815,073$48,171,987$33,753,780$138,676,599
85$169,378,438$50,406,642$34,758,759$152,034,709
86$186,525,305$52,746,833$35,793,443$166,723,671
87$205,417,065$55,197,607$36,858,703$182,877,891
88$226,231,569$57,764,254$37,955,434$200,645,425
89$249,164,805$60,452,318$39,084,556$220,189,373
90$274,432,746$63,267,612$40,247,020$241,689,401
91$302,273,390$66,216,229$41,443,799$265,343,438
92$332,949,008$69,304,557$42,675,899$291,369,529
93$366,748,617$72,539,290$43,944,351$320,007,885
94$403,990,708$75,927,447$45,250,219$351,523,144
95$445,026,255$79,476,387$46,594,596$386,206,852
96$490,242,026$83,193,822$47,978,607$424,380,213
97$540,064,232$87,087,839$49,403,411$466,397,101
98$594,962,555$91,166,915$50,870,196$512,647,394
99$655,454,579$95,439,937$52,380,191$563,560,644
100$722,110,672$99,916,220$53,934,653$619,610,111