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%11.4%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,355,553
2 years$699,060$686,041$673,423$661,189$649,323$641,226
3 years$461,411$448,335$435,749$423,630$411,957$404,040
4 years$342,609$329,574$317,114$305,202$293,811$286,135
5 years$271,347$258,390$246,093$234,424$223,351$215,937
6 years$223,855$210,995$198,880$187,471$176,730$169,589
7 years$189,945$177,193$165,270$154,130$143,729$136,864
8 years$164,524$151,887$140,162$129,296$119,237$112,648
9 years$144,762$132,245$120,722$110,132$100,415$94,101
10 years$128,962$116,568$105,248$94,934$85,558$79,516
11 years$116,044$103,773$92,659$82,621$73,583$67,808
12 years$105,286$93,141$82,232$72,470$63,765$58,253
13 years$96,190$84,173$73,469$63,980$55,605$50,350
14 years$88,400$76,511$66,012$56,794$48,743$43,739
15 years$81,655$69,894$59,600$50,651$42,917$38,158
16 years$75,759$64,126$54,036$45,352$37,930$33,409
17 years$70,563$59,058$49,171$40,749$33,631$29,341
18 years$65,948$54,572$44,887$36,723$29,904$25,836
19 years$61,824$50,577$41,092$33,182$26,654$22,802
20 years$58,117$46,998$37,712$30,053$23,808$20,164
21 years$54,768$43,777$34,688$27,275$21,305$17,862
22 years$51,727$40,864$31,970$24,799$19,097$15,847
23 years$48,955$38,220$29,519$22,585$17,143$14,077
24 years$46,417$35,809$27,300$20,599$15,408$12,520
25 years$44,086$33,605$25,285$18,812$13,865$11,147
26 years$41,938$31,584$23,451$17,201$12,489$9,933
27 years$39,953$29,724$21,776$15,744$11,260$8,858
28 years$38,112$28,009$20,244$14,425$10,160$7,905
29 years$36,402$26,423$18,838$13,228$9,174$7,059
30 years$34,808$24,954$17,547$12,140$8,290$6,307
31 years$33,320$23,589$16,359$11,150$7,495$5,638
32 years$31,928$22,320$15,263$10,247$6,779$5,042
33 years$30,624$21,138$14,251$9,423$6,135$4,511
34 years$29,398$20,034$13,315$8,670$5,555$4,038
35 years$28,245$19,002$12,449$7,981$5,031$3,615
36 years$27,159$18,035$11,646$7,350$4,559$3,237
37 years$26,133$17,130$10,900$6,772$4,132$2,900
38 years$25,164$16,279$10,208$6,242$3,746$2,598
39 years$24,247$15,480$9,563$5,756$3,397$2,328
40 years$23,378$14,728$8,964$5,309$3,081$2,087
41 years$22,554$14,020$8,405$4,898$2,795$1,870
42 years$21,771$13,352$7,884$4,520$2,536$1,677
43 years$21,026$12,722$7,398$4,173$2,302$1,504
44 years$20,317$12,126$6,945$3,853$2,089$1,348
45 years$19,642$11,564$6,521$3,558$1,897$1,209
46 years$18,998$11,031$6,125$3,287$1,722$1,085
47 years$18,383$10,527$5,754$3,037$1,564$973
48 years$17,795$10,049$5,407$2,806$1,420$873
49 years$17,233$9,597$5,082$2,593$1,290$783
50 years$16,696$9,167$4,778$2,397$1,172$703

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 $4,215 every year, while hoping to spend $24,792 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: 27/50/23 Blend
61$17,100,000$17,100,000$17,100,000$17,100,000
62$18,848,548$17,942,248$17,677,198$19,220,604
63$20,744,721$18,795,039$18,243,005$20,368,412
64$22,833,473$19,688,787$18,826,937$21,597,523
65$25,134,421$20,625,471$19,429,573$22,916,739
66$27,669,181$21,607,168$20,051,513$24,333,723
67$30,461,575$22,636,057$20,693,376$25,856,852
68$33,537,853$23,714,421$21,355,801$27,495,287
69$36,926,940$24,844,654$22,039,446$29,259,048
70$40,660,714$26,029,267$22,744,993$31,159,096
71$44,774,300$27,270,895$23,473,144$33,207,433
72$49,306,407$28,572,297$24,224,623$35,417,195
73$54,299,690$29,936,369$25,000,177$37,802,772
74$59,801,155$31,366,148$25,800,580$40,379,924
75$65,862,601$32,864,817$26,626,627$43,165,924
76$72,541,109$34,435,716$27,479,142$46,179,703
77$79,899,581$36,082,345$28,358,972$49,442,014
78$88,007,334$37,808,376$29,266,994$52,975,616
79$96,940,755$39,617,660$30,204,111$56,805,472
80$106,784,021$41,514,233$31,171,257$60,958,967
81$117,629,891$43,502,331$32,169,395$65,466,151
82$129,580,589$45,586,394$33,199,518$70,360,004
83$142,748,759$47,771,078$34,262,652$75,676,730
84$157,258,538$50,061,266$35,359,857$81,456,077
85$173,246,721$52,462,079$36,492,223$87,741,692
86$190,864,054$54,978,889$37,660,881$94,581,514
87$210,276,659$57,617,327$38,866,992$102,028,201
88$231,667,602$60,383,299$40,111,759$110,139,606
89$255,238,616$63,282,999$41,396,422$118,979,297
90$281,212,012$66,322,924$42,722,260$128,617,131
91$309,832,775$69,509,885$44,090,594$139,129,889
92$341,370,876$72,851,027$45,502,786$150,601,968
93$376,123,821$76,353,843$46,960,245$163,126,153
94$414,419,459$80,026,189$48,464,421$176,804,459
95$456,619,079$83,876,308$50,016,815$191,749,063
96$503,120,818$87,912,840$51,618,971$208,083,326
97$554,363,423$92,144,851$53,272,488$225,942,928
98$610,830,388$96,581,844$54,979,013$245,477,104
99$673,054,524$101,233,790$56,740,245$266,850,019
100$741,622,983$106,111,144$58,557,941$290,242,278