Can I retire at age 62 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,533,620
2 years$797,174$782,328$767,939$753,988$740,456$718,997
3 years$526,170$511,260$496,907$483,087$469,776$448,862
4 years$390,695$375,830$361,621$348,037$335,048$314,840
5 years$309,431$294,655$280,633$267,326$254,698$235,255
6 years$255,273$240,608$226,793$213,783$201,534$182,879
7 years$216,603$202,062$188,466$175,763$163,901$146,041
8 years$187,615$173,205$159,834$147,443$135,972$118,904
9 years$165,080$150,806$137,665$125,589$114,508$98,224
10 years$147,062$132,928$120,020$108,259$97,566$82,056
11 years$132,330$118,338$105,663$94,217$83,910$69,157
12 years$120,063$106,214$93,774$82,641$72,715$58,703
13 years$109,690$95,986$83,780$72,960$63,409$50,119
14 years$100,807$87,249$75,277$64,766$55,584$42,995
15 years$93,116$79,703$67,965$57,760$48,940$37,032
16 years$86,392$73,126$61,620$51,717$43,254$32,003
17 years$80,466$67,347$56,072$46,468$38,352$27,735
18 years$75,204$62,231$51,187$41,877$34,101$24,095
19 years$70,501$57,675$46,859$37,839$30,395$20,975
20 years$66,274$53,595$43,005$34,271$27,149$18,292
21 years$62,455$49,921$39,556$31,103$24,295$15,977
22 years$58,987$46,600$36,457$28,280$21,777$13,973
23 years$55,826$43,584$33,662$25,755$19,549$12,234
24 years$52,932$40,835$31,131$23,490$17,571$10,723
25 years$50,274$38,322$28,834$21,452$15,811$9,406
26 years$47,824$36,016$26,742$19,615$14,242$8,257
27 years$45,560$33,896$24,832$17,954$12,840$7,253
28 years$43,461$31,940$23,085$16,450$11,586$6,375
29 years$41,511$30,131$21,482$15,085$10,462$5,606
30 years$39,694$28,456$20,010$13,844$9,453$4,932
31 years$37,997$26,900$18,655$12,715$8,546$4,341
32 years$36,410$25,453$17,405$11,685$7,731$3,822
33 years$34,922$24,105$16,251$10,745$6,996$3,366
34 years$33,524$22,846$15,184$9,887$6,334$2,965
35 years$32,209$21,669$14,196$9,101$5,737$2,612
36 years$30,971$20,567$13,280$8,382$5,198$2,302
37 years$29,801$19,534$12,430$7,723$4,711$2,029
38 years$28,696$18,564$11,640$7,118$4,271$1,789
39 years$27,651$17,653$10,906$6,564$3,873$1,577
40 years$26,660$16,795$10,222$6,054$3,513$1,391
41 years$25,719$15,987$9,585$5,585$3,187$1,227
42 years$24,826$15,226$8,991$5,155$2,892$1,082
43 years$23,977$14,507$8,437$4,758$2,625$954
44 years$23,169$13,828$7,919$4,394$2,383$842
45 years$22,399$13,186$7,436$4,058$2,163$743
46 years$21,664$12,579$6,984$3,748$1,964$655
47 years$20,963$12,005$6,561$3,463$1,783$578
48 years$20,293$11,460$6,166$3,200$1,619$510
49 years$19,652$10,944$5,796$2,957$1,471$450
50 years$19,039$10,454$5,449$2,733$1,336$397

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,500,000, adding $3,811 every year, while hoping to spend $50,970 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: 70/24/6 Blend
61$19,500,000$19,500,000$19,500,000$19,500,000
62$21,492,931$20,459,431$20,157,181$22,980,125
63$23,630,978$21,407,711$20,778,215$24,911,618
64$25,985,398$22,400,749$21,418,345$27,017,665
65$28,578,207$23,440,684$22,078,158$29,320,636
66$31,433,664$24,529,758$22,758,256$31,839,849
67$34,578,503$25,670,321$23,459,263$34,596,555
68$38,042,182$26,864,839$24,181,820$37,614,139
69$41,857,161$28,115,892$24,926,588$40,918,332
70$46,059,211$29,426,190$25,694,247$44,537,452
71$50,687,747$30,798,570$26,485,501$48,502,661
72$55,786,204$32,236,007$27,301,072$52,848,260
73$61,402,445$33,741,620$28,141,707$57,612,002
74$67,589,214$35,318,679$29,008,174$62,835,444
75$74,404,630$36,970,610$29,901,264$68,564,332
76$81,912,741$38,701,008$30,821,794$74,849,026
77$90,184,121$40,513,639$31,770,606$81,744,971
78$99,296,546$42,412,451$32,748,565$89,313,208
79$109,335,718$44,401,585$33,756,566$97,620,947
80$120,396,079$46,485,381$34,795,529$106,742,191
81$132,581,703$48,668,389$35,866,403$116,758,427
82$146,007,275$50,955,378$36,970,166$127,759,384
83$160,799,176$53,351,350$38,107,825$139,843,875
84$177,096,674$55,861,549$39,280,420$153,120,716
85$195,053,241$58,491,471$40,489,020$167,709,745
86$214,837,997$61,246,879$41,734,728$183,742,942
87$236,637,313$64,133,816$43,018,681$201,365,664
88$260,656,562$67,158,616$44,342,051$220,738,005
89$287,122,066$70,327,923$45,706,044$242,036,297
90$316,283,225$73,648,700$47,111,904$265,454,757
91$348,414,876$77,128,247$48,560,915$291,207,312
92$383,819,884$80,774,222$50,054,396$319,529,603
93$422,832,003$84,594,650$51,593,710$350,681,194
94$465,819,027$88,597,948$53,180,259$384,948,005
95$513,186,260$92,792,939$54,815,489$422,645,001
96$565,380,342$97,188,876$56,500,891$464,119,141
97$622,893,466$101,795,461$58,238,000$509,752,641
98$686,268,025$106,622,864$60,028,399$559,966,564
99$756,101,731$111,681,752$61,873,718$615,224,769
100$833,053,257$116,983,308$63,775,638$676,038,279