Can I retire at age 62 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,435,478
2 years$756,293$742,208$728,557$715,322$702,484$662,732
3 years$499,187$485,041$471,425$458,314$445,685$407,164
4 years$370,659$356,557$343,077$330,189$317,866$280,872
5 years$293,563$279,545$266,242$253,617$241,637$206,271
6 years$242,182$228,269$215,163$202,820$191,199$157,495
7 years$205,496$191,700$178,801$166,749$155,496$123,456
8 years$177,994$164,322$151,638$139,882$128,999$98,607
9 years$156,614$143,072$130,605$119,148$108,636$79,864
10 years$139,521$126,111$113,865$102,707$92,563$65,374
11 years$125,544$112,269$100,245$89,386$79,607$53,960
12 years$113,906$100,767$88,965$78,403$68,986$44,832
13 years$104,065$91,064$79,484$69,218$60,157$37,447
14 years$95,638$82,775$71,417$61,444$52,733$31,413
15 years$88,341$75,616$64,480$54,798$46,431$26,444
16 years$81,962$69,376$58,460$49,065$41,036$22,327
17 years$76,340$63,893$53,197$44,085$36,385$18,896
18 years$71,347$59,040$48,562$39,729$32,352$16,025
19 years$66,886$54,718$44,456$35,899$28,836$13,613
20 years$62,876$50,846$40,799$32,513$25,757$11,581
21 years$59,252$47,361$37,528$29,508$23,049$9,864
22 years$55,962$44,210$34,587$26,829$20,660$8,410
23 years$52,963$41,349$31,935$24,434$18,546$7,177
24 years$50,218$38,741$29,535$22,285$16,670$6,129
25 years$47,696$36,357$27,355$20,352$15,000$5,237
26 years$45,372$34,169$25,371$18,609$13,512$4,477
27 years$43,224$32,157$23,559$17,033$12,182$3,830
28 years$41,232$30,302$21,901$15,606$10,992$3,277
29 years$39,382$28,586$20,381$14,311$9,925$2,805
30 years$37,658$26,997$18,984$13,134$8,968$2,402
31 years$36,048$25,521$17,698$12,063$8,108$2,057
32 years$34,543$24,148$16,513$11,086$7,334$1,762
33 years$33,131$22,868$15,418$10,194$6,638$1,509
34 years$31,805$21,674$14,406$9,380$6,010$1,293
35 years$30,558$20,557$13,468$8,635$5,443$1,108
36 years$29,382$19,512$12,599$7,952$4,932$950
37 years$28,273$18,532$11,793$7,327$4,470$814
38 years$27,225$17,612$11,043$6,753$4,052$698
39 years$26,233$16,747$10,346$6,227$3,675$598
40 years$25,292$15,934$9,698$5,743$3,333$513
41 years$24,400$15,167$9,093$5,299$3,024$440
42 years$23,553$14,445$8,530$4,890$2,744$377
43 years$22,748$13,763$8,004$4,514$2,490$323
44 years$21,981$13,119$7,513$4,168$2,260$277
45 years$21,250$12,510$7,055$3,850$2,052$238
46 years$20,553$11,934$6,626$3,556$1,863$204
47 years$19,888$11,389$6,225$3,285$1,692$175
48 years$19,252$10,872$5,850$3,036$1,536$150
49 years$18,644$10,382$5,498$2,805$1,395$129
50 years$18,062$9,918$5,169$2,593$1,267$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,500,000, adding $6,168 every year, while hoping to spend $42,760 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: 73/11/16 Blend
61$18,500,000$18,500,000$18,500,000$18,500,000
62$20,393,362$19,412,862$19,126,112$21,807,846
63$22,427,989$20,318,596$19,721,341$23,651,980
64$24,668,714$21,267,278$20,335,076$25,665,632
65$27,136,516$22,260,967$20,967,894$27,870,310
66$29,854,508$23,301,822$21,620,385$30,284,956
67$32,848,162$24,392,106$22,293,163$32,930,424
68$36,145,547$25,534,191$22,986,856$35,829,670
69$39,777,591$26,730,565$23,702,114$39,007,972
70$43,778,378$27,983,835$24,439,607$42,493,158
71$48,185,464$29,296,735$25,200,026$46,315,873
72$53,040,236$30,672,130$25,984,082$50,509,858
73$58,388,301$32,113,024$26,792,509$55,112,270
74$64,279,914$33,622,569$27,626,064$60,164,026
75$70,770,455$35,204,065$28,485,528$65,710,189
76$77,920,953$36,860,975$29,371,704$71,800,384
77$85,798,656$38,596,930$30,285,423$78,489,269
78$94,477,673$40,415,733$31,227,538$85,837,039
79$104,039,668$42,321,376$32,198,933$93,909,998
80$114,574,632$44,318,041$33,200,515$102,781,172
81$126,181,734$46,410,115$34,233,222$112,531,002
82$138,970,256$48,602,196$35,298,021$123,248,089
83$153,060,624$50,899,106$36,395,906$135,030,033
84$168,585,545$53,305,899$37,527,906$147,984,345
85$185,691,259$55,827,876$38,695,079$162,229,457
86$204,538,920$58,470,595$39,898,517$177,895,832
87$225,306,118$61,239,882$41,139,346$195,127,193
88$248,188,553$64,141,848$42,418,725$214,081,870
89$273,401,885$67,182,898$43,737,852$234,934,289
90$301,183,767$70,369,750$45,097,960$257,876,614
91$331,796,090$73,709,446$46,500,320$283,120,547
92$365,527,455$77,209,372$47,946,244$310,899,326
93$402,695,896$80,877,272$49,437,084$341,469,915
94$443,651,884$84,721,265$50,974,233$375,115,420
95$488,781,635$88,749,866$52,559,128$412,147,757
96$538,510,754$92,972,001$54,193,251$452,910,584
97$593,308,254$97,397,033$55,878,129$497,782,537
98$653,690,987$102,034,778$57,615,336$547,180,795
99$720,228,514$106,895,529$59,406,497$601,565,004
100$793,548,492$111,990,079$61,253,284$661,441,612