Can I retire at age 62 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,541,337
2 years$809,438$794,363$779,753$765,588$751,848$714,243
3 years$534,265$519,125$504,552$490,519$477,003$440,512
4 years$396,706$381,612$367,185$353,392$340,203$305,106
5 years$314,192$299,188$284,950$271,439$258,617$225,013
6 years$259,200$244,310$230,282$217,072$204,634$172,558
7 years$219,936$205,171$191,366$178,467$166,423$135,877
8 years$190,501$175,869$162,293$149,711$138,064$109,037
9 years$167,619$153,126$139,783$127,521$116,270$88,739
10 years$149,325$134,973$121,866$109,924$99,067$73,002
11 years$134,366$120,159$107,289$95,667$85,201$60,564
12 years$121,910$107,848$95,216$83,913$73,834$50,584
13 years$111,378$97,463$85,069$74,082$64,384$42,479
14 years$102,358$88,591$76,435$65,762$56,439$35,830
15 years$94,548$80,930$69,011$58,648$49,693$30,332
16 years$87,721$74,251$62,569$52,513$43,919$25,756
17 years$81,704$68,383$56,935$47,183$38,942$21,925
18 years$76,361$63,189$51,974$42,521$34,625$18,704
19 years$71,586$58,563$47,580$38,421$30,862$15,985
20 years$67,294$54,419$43,666$34,798$27,567$13,681
21 years$63,416$50,689$40,165$31,581$24,669$11,725
22 years$59,895$47,317$37,018$28,715$22,112$10,059
23 years$56,685$44,254$34,179$26,151$19,849$8,638
24 years$53,746$41,463$31,610$23,851$17,841$7,423
25 years$51,047$38,911$29,277$21,782$16,054$6,384
26 years$48,560$36,570$27,153$19,917$14,461$5,493
27 years$46,261$34,417$25,214$18,230$13,038$4,729
28 years$44,130$32,431$23,440$16,703$11,764$4,073
29 years$42,149$30,595$21,813$15,317$10,623$3,509
30 years$40,304$28,894$20,318$14,057$9,598$3,025
31 years$38,582$27,314$18,942$12,910$8,678$2,607
32 years$36,970$25,845$17,673$11,865$7,850$2,248
33 years$35,459$24,475$16,501$10,911$7,104$1,939
34 years$34,040$23,197$15,418$10,039$6,432$1,673
35 years$32,705$22,002$14,415$9,241$5,826$1,443
36 years$31,447$20,883$13,485$8,511$5,278$1,245
37 years$30,260$19,834$12,621$7,842$4,784$1,075
38 years$29,138$18,850$11,819$7,228$4,337$927
39 years$28,076$17,924$11,073$6,664$3,933$800
40 years$27,070$17,053$10,379$6,147$3,567$691
41 years$26,115$16,233$9,732$5,671$3,236$596
42 years$25,208$15,460$9,129$5,234$2,937$515
43 years$24,346$14,730$8,567$4,832$2,665$445
44 years$23,525$14,041$8,041$4,461$2,419$384
45 years$22,743$13,389$7,550$4,120$2,196$331
46 years$21,997$12,773$7,092$3,806$1,994$286
47 years$21,285$12,189$6,662$3,516$1,811$247
48 years$20,605$11,636$6,261$3,249$1,644$213
49 years$19,954$11,112$5,885$3,003$1,493$184
50 years$19,332$10,615$5,533$2,775$1,357$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,800,000, adding $5,808 every year, while hoping to spend $36,135 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: 45/41/14 Blend
61$19,800,000$19,800,000$19,800,000$19,800,000
62$21,825,591$20,776,191$20,469,291$22,720,221
63$24,013,354$21,755,777$21,116,565$24,323,238
64$26,423,058$22,782,152$21,784,311$26,056,345
65$29,077,302$23,857,569$22,473,178$27,934,871
66$32,000,990$24,984,394$23,183,833$29,972,280
67$35,221,566$26,165,104$23,916,966$32,183,346
68$38,769,269$27,402,297$24,673,288$34,584,286
69$42,677,424$28,698,699$25,453,532$37,192,903
70$46,982,751$30,057,166$26,258,456$40,028,745
71$51,725,718$31,480,693$27,088,840$43,113,281
72$56,950,914$32,972,420$27,945,490$46,470,092
73$62,707,480$34,535,641$28,829,236$50,125,081
74$69,049,564$36,173,809$29,740,937$54,106,711
75$76,036,837$37,890,543$30,681,476$58,446,257
76$83,735,055$39,689,640$31,651,766$63,178,092
77$92,216,679$41,575,080$32,652,748$68,339,998
78$101,561,558$43,551,038$33,685,393$73,973,509
79$111,857,687$45,621,888$34,750,704$80,124,288
80$123,202,032$47,792,222$35,849,713$86,842,543
81$135,701,448$50,066,849$36,983,487$94,183,489
82$149,473,688$52,450,817$38,153,126$102,207,848
83$164,648,513$54,949,416$39,359,765$110,982,409
84$181,368,918$57,568,194$40,604,574$120,580,639
85$199,792,482$60,312,970$41,888,761$131,083,358
86$220,092,853$63,189,844$43,213,573$142,579,483
87$242,461,391$66,205,213$44,580,294$155,166,847
88$267,108,970$69,365,785$45,990,251$168,953,099
89$294,267,972$72,678,596$47,444,812$184,056,701
90$324,194,480$76,151,022$48,945,388$200,608,022
91$357,170,694$79,790,799$50,493,436$218,750,543
92$393,507,596$83,606,039$52,090,456$238,642,186
93$433,547,884$87,605,249$53,738,000$260,456,779
94$477,669,211$91,797,349$55,437,666$284,385,667
95$526,287,746$96,191,694$57,191,104$310,639,491
96$579,862,104$100,798,095$59,000,014$339,450,145
97$638,897,677$105,626,840$60,866,152$371,072,929
98$703,951,401$110,688,716$62,791,329$405,788,933
99$775,637,019$115,995,039$64,777,414$443,907,648
100$854,630,872$121,557,672$66,826,334$485,769,852