Can I retire at age 62 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,394,886
2 years$739,941$726,160$712,805$699,855$687,295$638,976
3 years$488,394$474,554$461,232$448,404$436,048$389,362
4 years$362,645$348,847$335,659$323,050$310,993$266,297
5 years$287,216$273,501$260,485$248,133$236,412$193,824
6 years$236,946$223,334$210,510$198,434$187,065$146,620
7 years$201,052$187,555$174,935$163,144$152,134$113,825
8 years$174,145$160,770$148,359$136,857$126,210$90,009
9 years$153,228$139,979$127,782$116,572$106,287$72,150
10 years$136,504$123,384$111,403$100,486$90,562$58,434
11 years$122,830$109,842$98,077$87,453$77,886$47,705
12 years$111,443$98,588$87,041$76,708$67,494$39,193
13 years$101,815$89,095$77,765$67,722$58,856$32,361
14 years$93,570$80,985$69,873$60,116$51,593$26,829
15 years$86,431$73,981$63,086$53,613$45,427$22,316
16 years$80,190$67,876$57,196$48,004$40,148$18,612
17 years$74,689$62,512$52,046$43,132$35,598$15,558
18 years$69,805$57,763$47,512$38,870$31,652$13,028
19 years$65,440$53,535$43,495$35,123$28,212$10,927
20 years$61,516$49,747$39,917$31,810$25,200$9,176
21 years$57,971$46,337$36,716$28,870$22,551$7,713
22 years$54,752$43,254$33,840$26,249$20,214$6,490
23 years$51,818$40,455$31,245$23,906$18,145$5,464
24 years$49,132$37,903$28,896$21,803$16,309$4,604
25 years$46,665$35,571$26,764$19,912$14,676$3,881
26 years$44,391$33,431$24,822$18,207$13,219$3,273
27 years$42,289$31,462$23,049$16,665$11,918$2,761
28 years$40,341$29,647$21,427$15,269$10,754$2,330
29 years$38,530$27,968$19,940$14,002$9,711$1,967
30 years$36,844$26,413$18,573$12,850$8,774$1,661
31 years$35,269$24,969$17,315$11,802$7,933$1,402
32 years$33,796$23,626$16,156$10,846$7,176$1,184
33 years$32,414$22,374$15,085$9,974$6,494$1,000
34 years$31,117$21,205$14,094$9,177$5,880$845
35 years$29,897$20,113$13,177$8,448$5,325$714
36 years$28,747$19,090$12,327$7,780$4,825$603
37 years$27,662$18,131$11,538$7,168$4,373$510
38 years$26,636$17,231$10,805$6,607$3,965$431
39 years$25,665$16,385$10,123$6,092$3,595$364
40 years$24,746$15,589$9,488$5,619$3,261$308
41 years$23,873$14,839$8,897$5,184$2,959$260
42 years$23,044$14,133$8,345$4,785$2,685$220
43 years$22,256$13,465$7,831$4,417$2,436$186
44 years$21,505$12,835$7,351$4,078$2,212$157
45 years$20,790$12,240$6,902$3,766$2,008$133
46 years$20,109$11,676$6,483$3,479$1,823$112
47 years$19,458$11,143$6,090$3,214$1,655$95
48 years$18,836$10,637$5,723$2,970$1,503$80
49 years$18,241$10,158$5,379$2,745$1,365$68
50 years$17,672$9,703$5,058$2,537$1,240$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,100,000, adding $2,244 every year, while hoping to spend $32,992 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: 63/19/18 Blend
61$18,100,000$18,100,000$18,100,000$18,100,000
62$19,948,515$18,989,215$18,708,665$21,114,385
63$21,948,160$19,884,583$19,300,302$22,794,155
64$24,150,663$20,822,719$19,910,653$24,623,877
65$26,576,681$21,805,682$20,540,310$26,621,304
66$29,248,977$22,835,635$21,189,884$28,802,786
67$32,192,633$23,914,841$21,860,006$31,186,304
68$35,435,290$25,045,677$22,551,325$33,791,644
69$39,007,407$26,230,632$23,264,511$36,640,572
70$42,942,548$27,472,319$24,000,258$39,757,041
71$47,277,699$28,773,474$24,759,278$43,167,406
72$52,053,619$30,136,968$25,542,308$46,900,674
73$57,315,221$31,565,813$26,350,108$50,988,768
74$63,111,998$33,063,162$27,183,462$55,466,824
75$69,498,491$34,632,327$28,043,177$60,373,518
76$76,534,802$36,276,776$28,930,089$65,751,422
77$84,287,163$38,000,148$29,845,057$71,647,405
78$92,828,557$39,806,259$30,788,970$78,113,061
79$102,239,412$41,699,108$31,762,743$85,205,196
80$112,608,359$43,682,891$32,767,321$92,986,355
81$124,033,064$45,762,006$33,803,680$101,525,402
82$136,621,157$47,941,064$34,872,824$110,898,167
83$150,491,242$50,224,904$35,975,790$121,188,148
84$165,774,020$52,618,595$37,113,651$132,487,295
85$182,613,521$55,127,457$38,287,508$144,896,870
86$201,168,463$57,757,065$39,498,502$158,528,386
87$221,613,752$60,513,267$40,747,808$173,504,659
88$244,142,133$63,402,196$42,036,638$189,960,952
89$268,966,008$66,430,281$43,366,243$208,046,241
90$296,319,442$69,604,265$44,737,913$227,924,611
91$326,460,371$72,931,220$46,152,979$249,776,796
92$359,673,040$76,418,561$47,612,815$273,801,869
93$396,270,683$80,074,064$49,118,838$300,219,108
94$436,598,482$83,905,882$50,672,508$329,270,058
95$481,036,824$87,922,568$52,275,334$361,220,791
96$530,004,895$92,133,088$53,928,872$396,364,408
97$583,964,631$96,546,846$55,634,726$435,023,785
98$643,425,086$101,173,704$57,394,553$477,554,613
99$708,947,234$106,024,005$59,210,059$524,348,732
100$781,149,264$111,108,593$61,083,008$575,837,816