Can I retire at age 62 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,392,631
2 years$723,589$710,113$697,052$684,389$672,106$653,204
3 years$477,601$464,066$451,039$438,495$426,412$407,987
4 years$354,631$341,138$328,241$315,911$304,120$286,314
5 years$280,868$267,456$254,728$242,650$231,188$214,052
6 years$231,709$218,398$205,858$194,049$182,931$166,486
7 years$196,609$183,410$171,069$159,538$148,772$133,024
8 years$170,296$157,217$145,080$133,833$123,420$108,368
9 years$149,842$136,885$124,958$113,996$103,938$89,574
10 years$133,487$120,658$108,941$98,265$88,560$74,875
11 years$120,115$107,415$95,910$85,520$76,165$63,145
12 years$108,980$96,409$85,118$75,013$66,003$53,633
13 years$99,565$87,126$76,047$66,225$57,556$45,820
14 years$91,502$79,195$68,328$58,787$50,453$39,334
15 years$84,521$72,346$61,691$52,428$44,423$33,902
16 years$78,418$66,376$55,932$46,944$39,261$29,318
17 years$73,038$61,130$50,896$42,178$34,812$25,426
18 years$68,262$56,487$46,462$38,011$30,953$22,105
19 years$63,994$52,351$42,533$34,346$27,589$19,257
20 years$60,157$48,648$39,035$31,107$24,643$16,806
21 years$56,690$45,313$35,905$28,232$22,053$14,690
22 years$53,542$42,298$33,092$25,669$19,767$12,857
23 years$50,673$39,561$30,554$23,377$17,744$11,266
24 years$48,046$37,066$28,258$21,322$15,949$9,882
25 years$45,633$34,784$26,172$19,472$14,351$8,675
26 years$43,410$32,692$24,273$17,804$12,927$7,622
27 years$41,355$30,767$22,540$16,297$11,655$6,700
28 years$39,449$28,991$20,954$14,931$10,517$5,894
29 years$37,679$27,350$19,499$13,692$9,496$5,187
30 years$36,030$25,829$18,163$12,566$8,580$4,567
31 years$34,490$24,417$16,933$11,541$7,757$4,023
32 years$33,049$23,104$15,799$10,606$7,017$3,545
33 years$31,698$21,879$14,751$9,753$6,351$3,125
34 years$30,430$20,737$13,783$8,974$5,750$2,755
35 years$29,236$19,669$12,886$8,261$5,208$2,429
36 years$28,112$18,668$12,054$7,608$4,718$2,143
37 years$27,050$17,731$11,283$7,010$4,277$1,890
38 years$26,047$16,850$10,566$6,461$3,877$1,668
39 years$25,098$16,023$9,899$5,958$3,516$1,472
40 years$24,199$15,245$9,278$5,495$3,189$1,299
41 years$23,345$14,511$8,700$5,070$2,893$1,147
42 years$22,535$13,820$8,161$4,679$2,625$1,012
43 years$21,764$13,168$7,658$4,319$2,383$894
44 years$21,030$12,552$7,188$3,988$2,163$789
45 years$20,331$11,969$6,750$3,683$1,963$697
46 years$19,664$11,418$6,339$3,402$1,783$615
47 years$19,028$10,896$5,956$3,143$1,619$543
48 years$18,419$10,402$5,597$2,904$1,470$480
49 years$17,838$9,933$5,261$2,684$1,335$424
50 years$17,281$9,489$4,946$2,481$1,213$374

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,700,000, adding $4,299 every year, while hoping to spend $44,369 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: 22/50/28 Blend
61$17,700,000$17,700,000$17,700,000$17,700,000
62$19,509,834$18,571,734$18,297,384$19,765,486
63$21,452,629$19,434,541$18,863,139$20,855,666
64$23,592,102$20,338,138$19,446,358$22,017,152
65$25,948,267$21,284,478$20,047,582$23,258,805
66$28,543,179$22,275,606$20,667,365$24,587,204
67$31,401,140$23,313,667$21,306,278$26,009,531
68$34,548,929$24,400,910$21,964,911$27,533,630
69$38,016,056$25,539,691$22,643,872$29,168,067
70$41,835,039$26,732,481$23,343,787$30,922,202
71$46,041,711$27,981,870$24,065,302$32,806,268
72$50,675,558$29,290,574$24,809,081$34,831,455
73$55,780,090$30,661,438$25,575,811$37,010,003
74$61,403,258$32,097,446$26,366,199$39,355,307
75$67,597,897$33,601,728$27,180,974$41,882,028
76$74,422,231$35,177,562$28,020,885$44,606,220
77$81,940,422$36,828,386$28,886,708$47,545,464
78$90,223,173$38,557,804$29,779,241$50,719,025
79$99,348,397$40,369,597$30,699,306$54,148,011
80$109,401,951$42,267,725$31,647,750$57,855,561
81$120,478,448$44,256,341$32,625,448$61,867,044
82$132,682,149$46,339,801$33,633,299$66,210,283
83$146,127,947$48,522,670$34,672,233$70,915,795
84$160,942,451$50,809,734$35,743,207$76,017,062
85$177,265,182$53,206,012$36,847,205$81,550,829
86$195,249,890$55,716,766$37,985,246$87,557,423
87$215,066,003$58,347,512$39,158,376$94,081,120
88$236,900,229$61,104,034$40,367,676$101,170,529
89$260,958,318$63,992,397$41,614,258$108,879,036
90$287,467,001$67,018,959$42,899,270$117,265,277
91$316,676,134$70,190,387$44,223,895$126,393,667
92$348,861,055$73,513,671$45,589,350$136,334,976
93$384,325,182$76,996,141$46,996,893$147,166,975
94$423,402,880$80,645,481$48,447,818$158,975,132
95$466,462,613$84,469,749$49,943,460$171,853,391
96$513,910,428$88,477,395$51,485,194$185,905,022
97$566,193,781$92,677,277$53,074,438$201,243,565
98$623,805,768$97,078,685$54,712,653$217,993,861
99$687,289,775$101,691,359$56,401,345$236,293,192
100$757,244,608$106,525,512$58,142,066$256,292,541