Can I retire at age 62 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,399,124
2 years$731,765$718,137$704,928$692,122$679,701$651,361
3 years$482,997$469,310$456,135$443,449$431,230$403,682
4 years$358,638$344,993$331,950$319,480$307,557$281,013
5 years$284,042$270,478$257,607$245,392$233,800$208,335
6 years$234,327$220,866$208,184$196,242$184,998$160,641
7 years$198,831$185,483$173,002$161,341$150,453$127,208
8 years$172,221$158,993$146,720$135,345$124,815$102,677
9 years$151,535$138,432$126,370$115,284$105,112$84,066
10 years$134,996$122,021$110,172$99,376$89,561$69,586
11 years$121,473$108,628$96,994$86,487$77,025$58,098
12 years$110,211$97,499$86,079$75,860$66,749$48,841
13 years$100,690$88,110$76,906$66,973$58,206$41,289
14 years$92,536$80,090$69,101$59,452$51,023$35,065
15 years$85,476$73,164$62,388$53,020$44,925$29,892
16 years$79,304$67,126$56,564$47,474$39,705$25,562
17 years$73,864$61,821$51,471$42,655$35,205$21,918
18 years$69,033$57,125$46,987$38,441$31,303$18,835
19 years$64,717$52,943$43,014$34,734$27,901$16,217
20 years$60,836$49,197$39,476$31,459$24,921$13,985
21 years$57,330$45,825$36,310$28,551$22,302$12,077
22 years$54,147$42,776$33,466$25,959$19,990$10,441
23 years$51,245$40,008$30,900$23,642$17,945$9,037
24 years$48,589$37,485$28,577$21,562$16,129$7,828
25 years$46,149$35,177$26,468$19,692$14,514$6,785
26 years$43,900$33,061$24,548$18,005$13,073$5,886
27 years$41,822$31,114$22,795$16,481$11,787$5,108
28 years$39,895$29,319$21,191$15,100$10,635$4,436
29 years$38,105$27,659$19,720$13,847$9,603$3,853
30 years$36,437$26,121$18,368$12,708$8,677$3,348
31 years$34,879$24,693$17,124$11,671$7,845$2,911
32 years$33,422$23,365$15,977$10,726$7,096$2,531
33 years$32,056$22,127$14,918$9,864$6,422$2,201
34 years$30,773$20,971$13,938$9,075$5,815$1,915
35 years$29,567$19,891$13,031$8,354$5,267$1,666
36 years$28,429$18,879$12,191$7,694$4,772$1,450
37 years$27,356$17,931$11,410$7,089$4,325$1,262
38 years$26,342$17,041$10,685$6,534$3,921$1,098
39 years$25,382$16,204$10,011$6,025$3,556$956
40 years$24,472$15,417$9,383$5,557$3,225$832
41 years$23,609$14,675$8,798$5,127$2,926$724
42 years$22,789$13,976$8,253$4,732$2,655$631
43 years$22,010$13,317$7,745$4,368$2,409$549
44 years$21,268$12,694$7,270$4,033$2,187$478
45 years$20,561$12,104$6,826$3,725$1,985$416
46 years$19,886$11,547$6,411$3,441$1,803$363
47 years$19,243$11,020$6,023$3,179$1,637$316
48 years$18,628$10,520$5,660$2,937$1,487$275
49 years$18,039$10,046$5,320$2,714$1,350$240
50 years$17,477$9,596$5,002$2,509$1,226$209

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $17,900,000, adding $3,952 every year, while hoping to spend $28,297 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: 50/31/19 Blend
61$17,900,000$17,900,000$17,900,000$17,900,000
62$19,729,876$18,781,176$18,503,726$20,611,801
63$21,712,216$19,671,346$19,093,494$22,111,835
64$23,895,806$20,604,186$19,702,069$23,737,915
65$26,301,144$21,581,757$20,330,054$25,504,537
66$28,950,817$22,606,219$20,978,068$27,424,972
67$31,869,716$23,679,840$21,646,748$29,513,797
68$35,085,269$24,804,994$22,336,756$31,787,027
69$38,627,701$25,984,173$23,048,772$34,262,260
70$42,530,318$27,219,989$23,783,498$36,958,834
71$46,829,824$28,515,183$24,541,659$39,898,008
72$51,566,665$29,872,625$25,324,003$43,103,147
73$56,785,409$31,295,328$26,131,302$46,599,940
74$62,535,172$32,786,450$26,964,351$50,416,633
75$68,870,077$34,349,304$27,823,974$54,584,286
76$75,849,766$35,987,361$28,711,019$59,137,059
77$83,539,964$37,704,264$29,626,360$64,112,522
78$92,013,098$39,503,830$30,570,901$69,552,001
79$101,348,982$41,390,066$31,545,574$75,500,959
80$111,635,568$43,367,169$32,551,340$82,009,412
81$122,969,779$45,439,543$33,589,193$89,132,393
82$135,458,422$47,611,807$34,660,157$96,930,453
83$149,219,197$49,888,801$35,765,288$105,470,230
84$164,381,808$52,275,605$36,905,678$114,825,053
85$181,089,186$54,777,543$38,082,452$125,075,633
86$199,498,840$57,400,200$39,296,771$136,310,800
87$219,784,343$60,149,431$40,549,835$148,628,333
88$242,136,971$63,031,379$41,842,879$162,135,866
89$266,767,508$66,052,482$43,177,182$176,951,884
90$293,908,236$69,219,496$44,554,059$193,206,831
91$323,815,127$72,539,502$45,974,871$211,044,317
92$356,770,261$76,019,928$47,441,020$230,622,460
93$393,084,487$79,668,564$48,953,953$252,115,354
94$433,100,359$83,493,578$50,515,166$275,714,698
95$477,195,369$87,503,538$52,126,198$301,631,578
96$525,785,513$91,707,427$53,788,641$330,098,441
97$579,329,211$96,114,667$55,504,137$361,371,264
98$638,331,645$100,735,139$57,274,379$395,731,948
99$703,349,518$105,579,207$59,101,117$433,490,950
100$774,996,319$110,657,738$60,986,154$474,990,189