Can I retire at age 62 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,570,936
2 years$813,526$798,375$783,691$769,454$755,645$739,612
3 years$536,964$521,747$507,100$492,997$479,412$463,762
4 years$398,709$383,539$369,039$355,176$341,921$326,774
5 years$315,778$300,700$286,390$272,810$259,923$245,323
6 years$260,509$245,544$231,445$218,168$205,668$191,634
7 years$221,047$206,207$192,332$179,368$167,263$153,801
8 years$191,463$176,758$163,113$150,467$138,761$125,870
9 years$168,466$153,899$140,489$128,165$116,857$104,532
10 years$150,079$135,655$122,482$110,479$99,568$87,802
11 years$135,045$120,765$107,831$96,150$85,632$74,416
12 years$122,526$108,393$95,697$84,337$74,207$63,529
13 years$111,940$97,955$85,499$74,457$64,710$54,557
14 years$102,875$89,039$76,821$66,094$56,724$47,084
15 years$95,026$81,338$69,359$58,944$49,944$40,801
16 years$88,165$74,626$62,885$52,778$44,141$35,480
17 years$82,117$68,728$57,222$47,421$39,138$30,944
18 years$76,747$63,508$52,237$42,736$34,800$27,056
19 years$71,948$58,858$47,820$38,615$31,018$23,708
20 years$67,634$54,694$43,887$34,974$27,706$20,813
21 years$63,736$50,945$40,367$31,741$24,794$18,301
22 years$60,197$47,556$37,205$28,860$22,224$16,115
23 years$56,971$44,478$34,352$26,283$19,950$14,208
24 years$54,018$41,673$31,770$23,972$17,931$12,540
25 years$51,305$39,108$29,425$21,892$16,135$11,078
26 years$48,805$36,755$27,290$20,017$14,534$9,794
27 years$46,495$34,591$25,342$18,322$13,104$8,665
28 years$44,353$32,595$23,558$16,787$11,824$7,672
29 years$42,362$30,749$21,923$15,394$10,676$6,796
30 years$40,508$29,040$20,420$14,128$9,647$6,023
31 years$38,776$27,452$19,037$12,975$8,722$5,340
32 years$37,157$25,975$17,762$11,925$7,889$4,737
33 years$35,638$24,599$16,585$10,966$7,140$4,203
34 years$34,212$23,314$15,496$10,090$6,464$3,730
35 years$32,870$22,113$14,487$9,288$5,855$3,312
36 years$31,606$20,989$13,553$8,554$5,305$2,941
37 years$30,413$19,934$12,685$7,881$4,808$2,612
38 years$29,285$18,945$11,879$7,264$4,359$2,321
39 years$28,218$18,015$11,129$6,698$3,953$2,062
40 years$27,206$17,139$10,432$6,178$3,585$1,832
41 years$26,247$16,315$9,781$5,700$3,253$1,628
42 years$25,336$15,538$9,175$5,260$2,952$1,447
43 years$24,469$14,805$8,610$4,856$2,679$1,287
44 years$23,644$14,112$8,082$4,484$2,431$1,144
45 years$22,858$13,457$7,589$4,141$2,207$1,017
46 years$22,108$12,837$7,127$3,825$2,004$904
47 years$21,393$12,251$6,696$3,534$1,820$804
48 years$20,709$11,695$6,292$3,265$1,653$715
49 years$20,055$11,168$5,914$3,018$1,501$636
50 years$19,429$10,668$5,560$2,789$1,363$566

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $19,900,000, adding $5,125 every year, while hoping to spend $30,011 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: 60/27/13 Blend
61$19,900,000$19,900,000$19,900,000$19,900,000
62$21,935,086$20,880,386$20,571,936$23,180,957
63$24,140,534$21,871,594$21,229,165$25,011,173
64$26,569,931$22,910,365$21,907,405$27,002,905
65$29,246,089$23,998,998$22,607,328$29,174,834
66$32,194,145$25,139,904$23,329,628$31,544,357
67$35,441,799$26,335,610$24,075,022$34,130,600
68$39,019,575$27,588,767$24,844,247$36,954,596
69$42,961,109$28,902,154$25,638,067$40,039,475
70$47,303,468$30,278,686$26,457,269$43,410,678
71$52,087,499$31,721,418$27,302,664$47,096,185
72$57,358,211$33,233,555$28,175,091$51,126,779
73$63,165,206$34,818,457$29,075,414$55,536,324
74$69,563,143$36,479,648$30,004,526$60,362,078
75$76,612,255$38,220,822$30,963,349$65,645,037
76$84,378,917$40,045,854$31,952,833$71,430,315
77$92,936,274$41,958,808$32,973,960$77,767,557
78$102,364,928$43,963,943$34,027,742$84,711,401
79$112,753,702$46,065,729$35,115,223$92,321,982
80$124,200,480$48,268,849$36,237,483$100,665,493
81$136,813,125$50,578,219$37,395,635$109,814,795
82$150,710,502$52,998,990$38,590,827$119,850,094
83$166,023,599$55,536,566$39,824,245$130,859,689
84$182,896,760$58,196,612$41,097,112$142,940,792
85$201,489,055$60,985,071$42,410,690$156,200,431
86$221,975,774$63,908,175$43,766,284$170,756,448
87$244,550,086$66,972,459$45,165,237$186,738,598
88$269,424,860$70,184,775$46,608,938$204,289,758
89$296,834,678$73,552,310$48,098,819$223,567,261
90$327,038,043$77,082,602$49,636,358$244,744,365
91$360,319,828$80,783,554$51,223,081$268,011,869
92$396,993,959$84,663,456$52,860,562$293,579,901
93$437,406,378$88,731,001$54,550,426$321,679,880
94$481,938,313$92,995,305$56,294,350$352,566,680
95$531,009,875$97,465,929$58,094,065$386,521,020
96$585,084,023$102,152,900$59,951,357$423,852,087
97$644,670,935$107,066,733$61,868,069$464,900,439
98$710,332,825$112,218,457$63,846,103$510,041,189
99$782,689,249$117,619,638$65,887,424$559,687,530
100$862,422,956$123,282,404$67,994,056$614,294,601