Can I retire at age 62 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,402,926
2 years$735,853$722,148$708,867$695,989$683,498$651,010
3 years$485,696$471,932$458,684$445,927$433,639$402,097
4 years$360,642$346,920$333,804$321,265$309,275$278,922
5 years$285,629$271,990$259,046$246,762$235,106$206,026
6 years$235,636$222,100$209,347$197,338$186,031$158,256
7 years$199,942$186,519$173,969$162,242$151,293$124,827
8 years$173,183$159,881$147,539$136,101$125,512$100,345
9 years$152,381$139,205$127,076$115,928$105,700$81,812
10 years$135,750$122,703$110,787$99,931$90,061$67,429
11 years$122,151$109,235$97,535$86,970$77,456$56,048
12 years$110,827$98,044$86,560$76,284$67,122$46,904
13 years$101,253$88,603$77,336$67,348$58,531$39,467
14 years$93,053$80,537$69,487$59,784$51,308$33,358
15 years$85,953$73,572$62,737$53,317$45,176$28,299
16 years$79,747$67,501$56,880$47,739$39,926$24,081
17 years$74,276$62,166$51,759$42,893$35,402$20,544
18 years$69,419$57,444$47,249$38,655$31,477$17,564
19 years$65,078$53,239$43,254$34,929$28,057$15,044
20 years$61,176$49,472$39,697$31,634$25,061$12,905
21 years$57,651$46,081$36,513$28,710$22,426$11,085
22 years$54,450$43,015$33,653$26,104$20,102$9,532
23 years$51,531$40,231$31,072$23,774$18,045$8,205
24 years$48,860$37,694$28,737$21,683$16,219$7,068
25 years$46,407$35,374$26,616$19,802$14,595$6,093
26 years$44,146$33,246$24,685$18,106$13,146$5,255
27 years$42,055$31,288$22,922$16,573$11,853$4,535
28 years$40,118$29,483$21,309$15,184$10,695$3,916
29 years$38,318$27,814$19,830$13,924$9,657$3,382
30 years$36,640$26,267$18,471$12,779$8,726$2,922
31 years$35,074$24,831$17,220$11,737$7,889$2,525
32 years$33,609$23,495$16,066$10,786$7,136$2,183
33 years$32,235$22,250$15,001$9,919$6,458$1,888
34 years$30,945$21,088$14,016$9,126$5,847$1,632
35 years$29,732$20,002$13,104$8,401$5,296$1,412
36 years$28,588$18,985$12,259$7,737$4,798$1,221
37 years$27,509$18,031$11,474$7,129$4,349$1,057
38 years$26,489$17,136$10,745$6,571$3,943$914
39 years$25,524$16,295$10,067$6,059$3,575$791
40 years$24,609$15,503$9,436$5,588$3,243$685
41 years$23,741$14,757$8,848$5,156$2,942$592
42 years$22,917$14,054$8,299$4,758$2,670$513
43 years$22,133$13,391$7,788$4,392$2,423$444
44 years$21,387$12,764$7,310$4,056$2,199$384
45 years$20,676$12,172$6,864$3,745$1,997$333
46 years$19,997$11,612$6,447$3,460$1,813$288
47 years$19,350$11,081$6,057$3,196$1,646$249
48 years$18,732$10,578$5,692$2,954$1,495$216
49 years$18,140$10,102$5,350$2,730$1,358$187
50 years$17,574$9,650$5,030$2,523$1,233$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,000,000, adding $3,752 every year, while hoping to spend $45,362 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: 72/10/18 Blend
61$18,000,000$18,000,000$18,000,000$18,000,000
62$19,839,870$18,885,870$18,606,870$21,183,984
63$21,815,272$19,763,013$19,181,936$22,954,737
64$23,990,645$20,681,615$19,774,745$24,887,535
65$26,386,337$21,643,661$20,385,846$27,003,107
66$29,024,772$22,651,230$21,015,801$29,319,568
67$31,930,660$23,706,500$21,665,190$31,856,860
68$35,131,226$24,811,758$22,334,613$34,636,937
69$38,656,475$25,969,398$23,024,687$37,683,971
70$42,539,468$27,181,931$23,736,046$41,024,576
71$46,816,638$28,451,989$24,469,348$44,688,058
72$51,528,130$29,782,332$25,225,266$48,706,685
73$56,718,184$31,175,852$26,004,498$53,115,992
74$62,435,551$32,635,580$26,807,760$57,955,111
75$68,733,951$34,164,698$27,635,794$63,267,138
76$75,672,582$35,766,536$28,489,361$69,099,533
77$83,316,678$37,444,588$29,369,247$75,504,569
78$91,738,124$39,202,519$30,276,262$82,539,819
79$101,016,138$41,044,167$31,211,242$90,268,693
80$111,238,011$42,973,558$32,175,046$98,761,037
81$122,499,940$44,994,914$33,168,561$108,093,783
82$134,907,928$47,112,660$34,192,703$118,351,674
83$148,578,791$49,331,434$35,248,412$129,628,057
84$163,641,255$51,656,101$36,336,661$142,025,762
85$180,237,174$54,091,761$37,458,450$155,658,061
86$198,522,868$56,643,760$38,614,811$170,649,739
87$218,670,601$59,317,705$39,806,808$187,138,261
88$240,870,202$62,119,472$41,035,536$205,275,069
89$265,330,862$65,055,225$42,302,125$225,226,997
90$292,283,103$68,131,425$43,607,740$247,177,848
91$321,980,961$71,354,846$44,953,580$271,330,116
92$354,704,377$74,732,591$46,340,883$297,906,894
93$390,761,844$78,272,109$47,770,924$327,153,972
94$430,493,318$81,981,208$49,245,015$359,342,148
95$474,273,426$85,868,077$50,764,513$394,769,777
96$522,515,004$89,941,301$52,330,812$433,765,580
97$575,672,991$94,209,881$53,945,351$476,691,737
98$634,248,729$98,683,258$55,609,613$523,947,299
99$698,794,691$103,371,329$57,325,127$575,971,942
100$769,919,697$108,284,472$59,093,466$633,250,112