Can I retire at age 62 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,404,143
2 years$748,117$734,184$720,681$707,589$694,889$639,992
3 years$493,791$479,798$466,328$453,359$440,866$387,924
4 years$366,652$352,702$339,368$326,620$314,430$263,845
5 years$290,389$276,523$263,363$250,875$239,024$190,929
6 years$239,564$225,802$212,837$200,627$189,132$143,558
7 years$203,274$189,628$176,868$164,946$153,815$110,750
8 years$176,069$162,546$149,998$138,369$127,604$87,008
9 years$154,921$141,526$129,193$117,860$107,461$69,276
10 years$138,012$124,748$112,634$101,597$91,562$55,717
11 years$124,187$111,056$99,161$88,419$78,747$45,164
12 years$112,674$99,678$88,003$77,556$68,240$36,833
13 years$102,940$90,079$78,625$68,470$59,507$30,185
14 years$94,604$81,880$70,645$60,780$52,163$24,834
15 years$87,386$74,799$63,783$54,205$45,929$20,495
16 years$81,076$68,626$57,828$48,535$40,592$16,958
17 years$75,514$63,202$52,621$43,608$35,992$14,060
18 years$70,576$58,402$48,037$39,300$32,002$11,678
19 years$66,163$54,126$43,975$35,511$28,524$9,713
20 years$62,196$50,297$40,358$32,162$25,478$8,088
21 years$58,611$46,849$37,122$29,189$22,800$6,741
22 years$55,357$43,732$34,214$26,539$20,437$5,623
23 years$52,390$40,902$31,590$24,170$18,346$4,694
24 years$49,675$38,322$29,216$22,044$16,489$3,920
25 years$47,180$35,964$27,059$20,132$14,838$3,276
26 years$44,881$33,800$25,096$18,408$13,365$2,738
27 years$42,756$31,810$23,304$16,849$12,050$2,289
28 years$40,787$29,974$21,664$15,437$10,873$1,915
29 years$38,956$28,277$20,160$14,156$9,818$1,602
30 years$37,251$26,705$18,779$12,992$8,871$1,340
31 years$35,659$25,245$17,507$11,932$8,020$1,122
32 years$34,169$23,887$16,334$10,966$7,255$939
33 years$32,773$22,621$15,251$10,084$6,566$786
34 years$31,461$21,440$14,250$9,278$5,945$658
35 years$30,227$20,335$13,323$8,541$5,384$551
36 years$29,065$19,301$12,463$7,866$4,878$461
37 years$27,967$18,332$11,665$7,248$4,421$386
38 years$26,930$17,422$10,924$6,680$4,008$323
39 years$25,949$16,566$10,235$6,160$3,635$271
40 years$25,019$15,761$9,593$5,681$3,297$227
41 years$24,137$15,003$8,995$5,242$2,991$190
42 years$23,299$14,289$8,438$4,838$2,714$159
43 years$22,502$13,614$7,918$4,466$2,463$133
44 years$21,743$12,977$7,432$4,123$2,236$111
45 years$21,020$12,375$6,978$3,808$2,030$93
46 years$20,331$11,805$6,554$3,517$1,843$78
47 years$19,673$11,266$6,158$3,250$1,674$65
48 years$19,044$10,755$5,786$3,003$1,520$55
49 years$18,443$10,270$5,439$2,775$1,380$46
50 years$17,867$9,810$5,113$2,565$1,254$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,300,000, adding $3,248 every year, while hoping to spend $33,073 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: 79/12/9 Blend
61$18,300,000$18,300,000$18,300,000$18,300,000
62$20,169,950$19,200,050$18,916,400$21,735,667
63$22,192,096$20,105,663$19,514,910$23,669,224
64$24,419,392$21,054,543$20,132,362$25,785,239
65$26,872,728$22,048,774$20,769,355$28,105,571
66$29,575,126$23,090,544$21,426,507$30,650,593
67$32,551,952$24,182,143$22,104,458$33,442,737
68$35,831,159$25,325,976$22,803,866$36,506,702
69$39,443,550$26,524,562$23,525,409$39,869,686
70$43,423,071$27,780,544$24,269,788$43,561,638
71$47,807,125$29,096,692$25,037,727$47,615,538
72$52,636,932$30,475,910$25,829,971$52,067,705
73$57,957,915$31,921,245$26,647,291$56,958,139
74$63,820,126$33,435,890$27,490,478$62,330,890
75$70,278,723$35,023,193$28,360,354$68,234,477
76$77,394,489$36,686,665$29,257,762$74,722,334
77$85,234,404$38,429,989$30,183,574$81,853,320
78$93,872,279$40,257,025$31,138,690$89,692,262
79$103,389,453$42,171,820$32,124,037$98,310,567
80$113,875,557$44,178,620$33,140,573$107,786,892
81$125,429,367$46,281,875$34,189,285$118,207,879
82$138,159,727$48,486,252$35,271,191$129,668,970
83$152,186,586$50,796,645$36,387,343$142,275,303
84$167,642,124$53,218,186$37,538,825$156,142,699
85$184,672,001$55,756,257$38,726,755$171,398,746
86$203,436,731$58,416,501$39,952,288$188,184,006
87$224,113,203$61,204,834$41,216,615$206,653,328
88$246,896,341$64,127,462$42,520,962$226,977,305
89$272,000,952$67,190,892$43,866,599$249,343,882
90$299,663,751$70,401,948$45,254,832$273,960,118
91$330,145,594$73,767,784$46,687,010$301,054,135
92$363,733,944$77,295,905$48,164,524$330,877,268
93$400,745,581$80,994,178$49,688,810$363,706,423
94$441,529,594$84,870,857$51,261,349$399,846,687
95$486,470,677$88,934,594$52,883,669$439,634,198
96$535,992,761$93,194,463$54,557,346$483,439,310
97$590,563,012$97,659,982$56,284,007$531,670,080
98$650,696,247$102,341,128$58,065,329$584,776,109
99$716,959,790$107,248,369$59,903,043$643,252,776
100$789,978,829$112,392,680$61,798,935$707,645,906