Can I retire at age 62 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,362,337
2 years$703,148$690,053$677,361$665,056$653,120$643,827
3 years$464,109$450,957$438,298$426,108$414,366$405,282
4 years$344,613$331,501$318,968$306,987$295,529$286,724
5 years$272,934$259,901$247,533$235,795$224,657$216,157
6 years$225,164$212,229$200,043$188,567$177,763$169,579
7 years$191,055$178,229$166,237$155,032$144,569$136,705
8 years$165,486$152,776$140,982$130,052$119,934$112,390
9 years$145,609$133,019$121,428$110,776$101,002$93,776
10 years$129,717$117,249$105,863$95,490$86,059$79,147
11 years$116,722$104,380$93,200$83,105$74,013$67,411
12 years$105,901$93,686$82,713$72,894$64,138$57,839
13 years$96,753$84,665$73,899$64,354$55,930$49,928
14 years$88,917$76,958$66,398$57,127$49,028$43,316
15 years$82,133$70,302$59,949$50,947$43,168$37,738
16 years$76,202$64,501$54,352$45,617$38,152$32,997
17 years$70,975$59,403$49,458$40,987$33,828$28,939
18 years$66,334$54,891$45,149$36,937$30,078$25,446
19 years$62,186$50,873$41,332$33,376$26,810$22,426
20 years$58,457$47,273$37,932$30,229$23,947$19,803
21 years$55,088$44,033$34,890$27,434$21,430$17,516
22 years$52,030$41,103$32,157$24,944$19,209$15,517
23 years$49,241$38,443$29,691$22,717$17,243$13,764
24 years$46,689$36,019$27,459$20,719$15,498$12,222
25 years$44,344$33,802$25,433$18,922$13,946$10,865
26 years$42,184$31,768$23,588$17,301$12,562$9,666
27 years$40,186$29,898$21,903$15,836$11,326$8,607
28 years$38,335$28,172$20,362$14,509$10,219$7,669
29 years$36,615$26,577$18,949$13,305$9,228$6,837
30 years$35,012$25,100$17,650$12,211$8,338$6,099
31 years$33,515$23,727$16,454$11,215$7,538$5,443
32 years$32,115$22,451$15,352$10,307$6,819$4,860
33 years$30,803$21,261$14,334$9,478$6,171$4,341
34 years$29,570$20,151$13,393$8,721$5,587$3,879
35 years$28,410$19,113$12,522$8,028$5,061$3,467
36 years$27,318$18,141$11,714$7,393$4,585$3,099
37 years$26,286$17,230$10,964$6,812$4,156$2,772
38 years$25,312$16,374$10,267$6,279$3,768$2,479
39 years$24,389$15,570$9,619$5,789$3,417$2,218
40 years$23,515$14,814$9,016$5,340$3,099$1,984
41 years$22,686$14,102$8,454$4,927$2,811$1,776
42 years$21,898$13,430$7,930$4,547$2,551$1,589
43 years$21,149$12,796$7,442$4,197$2,315$1,423
44 years$20,436$12,197$6,985$3,875$2,102$1,274
45 years$19,757$11,631$6,559$3,579$1,908$1,140
46 years$19,109$11,096$6,160$3,306$1,732$1,021
47 years$18,490$10,589$5,788$3,054$1,573$914
48 years$17,899$10,108$5,439$2,822$1,428$819
49 years$17,334$9,653$5,112$2,608$1,297$733
50 years$16,793$9,221$4,806$2,411$1,178$657

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,200,000, adding $5,743 every year, while hoping to spend $38,361 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: 44/31/25 Blend
61$17,200,000$17,200,000$17,200,000$17,200,000
62$18,960,324$18,048,724$17,782,124$19,656,797
63$20,853,461$18,892,296$18,337,009$20,995,630
64$22,938,413$19,775,917$18,909,198$22,441,853
65$25,234,703$20,701,509$19,499,228$24,008,812
66$27,763,847$21,671,087$20,107,656$25,707,737
67$30,549,553$22,686,764$20,735,056$27,550,959
68$33,617,945$23,750,753$21,382,018$29,552,018
69$36,997,812$24,865,376$22,049,152$31,725,785
70$40,720,876$26,033,067$22,737,087$34,088,597
71$44,822,096$27,256,378$23,446,469$36,658,401
72$49,339,992$28,537,983$24,177,969$39,454,918
73$54,317,014$29,880,687$24,932,273$42,499,820
74$59,799,939$31,287,430$25,710,094$45,816,929
75$65,840,314$32,761,295$26,512,164$49,432,431
76$72,494,942$34,305,515$27,339,237$53,375,114
77$79,826,418$35,923,477$28,192,093$57,676,634
78$87,903,720$37,618,734$29,071,535$62,371,798
79$96,802,859$39,395,012$29,978,391$67,498,890
80$106,607,599$41,256,215$30,913,515$73,100,014
81$117,410,243$43,206,439$31,877,788$79,221,486
82$129,312,511$45,249,978$32,872,116$85,914,259
83$142,426,492$47,391,332$33,897,437$93,234,389
84$156,875,708$49,635,221$34,954,716$101,243,554
85$172,796,279$51,986,595$36,044,947$110,009,621
86$190,338,204$54,450,643$37,169,158$119,607,275
87$209,666,782$57,032,805$38,328,405$130,118,710
88$230,964,168$59,738,787$39,523,781$141,634,385
89$254,431,096$62,574,571$40,756,410$154,253,869
90$280,288,770$65,546,428$42,027,453$168,086,759
91$308,780,958$68,660,935$43,338,106$183,253,701
92$340,176,284$71,924,990$44,689,601$199,887,507
93$374,770,773$75,345,823$46,083,211$218,134,394
94$412,890,641$78,931,016$47,520,247$238,155,341
95$454,895,372$82,688,522$49,002,061$260,127,592
96$501,181,117$86,626,677$50,530,047$284,246,304
97$552,184,430$90,754,223$52,105,643$310,726,367
98$608,386,390$95,080,328$53,730,330$339,804,411
99$670,317,144$99,614,606$55,405,638$371,741,015
100$738,560,908$104,367,137$57,133,142$406,823,139