Can I retire at age 62 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,444,799
2 years$768,558$754,244$740,372$726,922$713,875$659,725
3 years$507,282$492,907$479,070$465,746$452,912$400,654
4 years$376,670$362,339$348,640$335,544$323,021$273,054
5 years$298,323$284,078$270,559$257,730$245,555$198,010
6 years$246,109$231,971$218,652$206,108$194,299$149,211
7 years$208,828$194,809$181,701$169,453$158,017$115,374
8 years$180,880$166,987$154,097$142,150$131,091$90,856
9 years$159,154$145,392$132,723$121,080$110,397$72,518
10 years$141,783$128,156$115,711$104,372$94,064$58,473
11 years$127,580$114,090$101,870$90,835$80,898$47,521
12 years$115,753$102,401$90,407$79,675$70,105$38,859
13 years$105,753$92,541$80,773$70,341$61,133$31,933
14 years$97,189$84,117$72,575$62,441$53,589$26,345
15 years$89,773$76,842$65,525$55,686$47,184$21,805
16 years$83,291$70,501$59,408$49,861$41,701$18,094
17 years$77,577$64,929$54,059$44,800$36,975$15,047
18 years$72,504$59,997$49,349$40,373$32,876$12,534
19 years$67,971$55,605$45,177$36,481$29,303$10,457
20 years$63,895$51,671$41,461$33,040$26,174$8,734
21 years$60,213$48,129$38,136$29,986$23,423$7,303
22 years$56,870$44,927$35,148$27,264$20,996$6,111
23 years$53,822$42,019$32,453$24,830$18,847$5,117
24 years$51,032$39,369$30,014$22,647$16,940$4,287
25 years$48,469$36,946$27,799$20,682$15,243$3,594
26 years$46,108$34,723$25,782$18,911$13,731$3,014
27 years$43,925$32,679$23,941$17,309$12,379$2,528
28 years$41,901$30,793$22,256$15,859$11,170$2,121
29 years$40,021$29,050$20,711$14,543$10,086$1,780
30 years$38,269$27,434$19,292$13,347$9,114$1,495
31 years$36,633$25,935$17,985$12,258$8,240$1,255
32 years$35,103$24,539$16,780$11,266$7,453$1,054
33 years$33,668$23,239$15,668$10,360$6,745$885
34 years$32,321$22,026$14,639$9,532$6,107$743
35 years$31,053$20,891$13,687$8,775$5,531$624
36 years$29,859$19,828$12,804$8,081$5,012$524
37 years$28,732$18,833$11,984$7,446$4,542$441
38 years$27,666$17,898$11,222$6,863$4,118$370
39 years$26,658$17,019$10,514$6,328$3,734$311
40 years$25,703$16,192$9,855$5,837$3,387$261
41 years$24,796$15,413$9,241$5,385$3,073$220
42 years$23,935$14,679$8,668$4,970$2,788$184
43 years$23,116$13,986$8,134$4,588$2,531$155
44 years$22,337$13,332$7,635$4,236$2,297$130
45 years$21,594$12,713$7,169$3,912$2,085$109
46 years$20,886$12,128$6,733$3,614$1,893$92
47 years$20,210$11,574$6,326$3,338$1,719$77
48 years$19,564$11,049$5,945$3,085$1,561$65
49 years$18,946$10,551$5,588$2,851$1,418$55
50 years$18,355$10,079$5,253$2,635$1,288$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $18,800,000, adding $3,456 every year, while hoping to spend $39,883 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: 55/31/14 Blend
61$18,800,000$18,800,000$18,800,000$18,800,000
62$20,721,165$19,724,765$19,433,365$21,784,937
63$22,792,288$20,648,843$20,041,947$23,432,297
64$25,073,330$21,616,865$20,669,581$25,220,541
65$27,585,659$22,630,940$21,316,861$27,166,790
66$30,352,823$23,693,283$21,984,403$29,286,127
67$33,400,771$24,806,214$22,672,840$31,595,123
68$36,758,096$25,972,165$23,382,827$34,111,997
69$40,456,308$27,193,687$24,115,038$36,856,772
70$44,530,127$28,473,454$24,870,167$39,851,463
71$49,017,815$29,814,268$25,648,933$43,120,276
72$53,961,534$31,219,069$26,452,074$46,689,827
73$59,407,745$32,690,938$27,280,353$50,589,391
74$65,407,647$34,233,105$28,134,556$54,851,162
75$72,017,659$35,848,959$29,015,496$59,510,556
76$79,299,952$37,542,051$29,924,007$64,606,530
77$87,323,039$39,316,103$30,860,953$70,181,946
78$96,162,417$41,175,020$31,827,223$76,283,961
79$105,901,284$43,122,896$32,823,735$82,964,465
80$116,631,319$45,164,022$33,851,435$90,280,557
81$128,453,553$47,302,899$34,911,297$98,295,078
82$141,479,319$49,544,244$36,004,329$107,077,187
83$155,831,303$51,893,006$37,131,568$116,703,001
84$171,644,704$54,354,372$38,294,084$127,256,309
85$189,068,509$56,933,780$39,492,980$138,829,337
86$208,266,896$59,636,935$40,729,395$151,523,617
87$229,420,792$62,469,817$42,004,501$165,450,920
88$252,729,571$65,438,696$43,319,510$180,734,303
89$278,412,943$68,550,148$44,675,670$197,509,251
90$306,713,024$71,811,067$46,074,266$215,924,940
91$337,896,627$75,228,683$47,516,628$236,145,625
92$372,257,770$78,810,577$49,004,123$258,352,178
93$410,120,465$82,564,697$50,538,163$282,743,770
94$451,841,766$86,499,380$52,120,205$309,539,733
95$497,815,143$90,623,367$53,751,748$338,981,609
96$548,474,198$94,945,822$55,434,342$371,335,411
97$604,296,757$99,476,358$57,169,584$406,894,103
98$665,809,380$104,225,053$58,959,118$445,980,352
99$733,592,332$109,202,477$60,804,645$488,949,537
100$808,285,064$114,419,712$62,707,914$536,193,089