Can I retire at age 61 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,397,246
2 years$735,853$722,148$708,867$695,989$683,498$645,379
3 years$485,696$471,932$458,684$445,927$433,639$396,694
4 years$360,642$346,920$333,804$321,265$309,275$273,788
5 years$285,629$271,990$259,046$246,762$235,106$201,174
6 years$235,636$222,100$209,347$197,338$186,031$153,688
7 years$199,942$186,519$173,969$162,242$151,293$120,540
8 years$173,183$159,881$147,539$136,101$125,512$96,334
9 years$152,381$139,205$127,076$115,928$105,700$78,070
10 years$135,750$122,703$110,787$99,931$90,061$63,946
11 years$122,151$109,235$97,535$86,970$77,456$52,815
12 years$110,827$98,044$86,560$76,284$67,122$43,910
13 years$101,253$88,603$77,336$67,348$58,531$36,701
14 years$93,053$80,537$69,487$59,784$51,308$30,808
15 years$85,953$73,572$62,737$53,317$45,176$25,954
16 years$79,747$67,501$56,880$47,739$39,926$21,928
17 years$74,276$62,166$51,759$42,893$35,402$18,572
18 years$69,419$57,444$47,249$38,655$31,477$15,762
19 years$65,078$53,239$43,254$34,929$28,057$13,400
20 years$61,176$49,472$39,697$31,634$25,061$11,408
21 years$57,651$46,081$36,513$28,710$22,426$9,724
22 years$54,450$43,015$33,653$26,104$20,102$8,297
23 years$51,531$40,231$31,072$23,774$18,045$7,086
24 years$48,860$37,694$28,737$21,683$16,219$6,056
25 years$46,407$35,374$26,616$19,802$14,595$5,179
26 years$44,146$33,246$24,685$18,106$13,146$4,432
27 years$42,055$31,288$22,922$16,573$11,853$3,794
28 years$40,118$29,483$21,309$15,184$10,695$3,249
29 years$38,318$27,814$19,830$13,924$9,657$2,783
30 years$36,640$26,267$18,471$12,779$8,726$2,385
31 years$35,074$24,831$17,220$11,737$7,889$2,044
32 years$33,609$23,495$16,066$10,786$7,136$1,752
33 years$32,235$22,250$15,001$9,919$6,458$1,503
34 years$30,945$21,088$14,016$9,126$5,847$1,289
35 years$29,732$20,002$13,104$8,401$5,296$1,105
36 years$28,588$18,985$12,259$7,737$4,798$948
37 years$27,509$18,031$11,474$7,129$4,349$813
38 years$26,489$17,136$10,745$6,571$3,943$698
39 years$25,524$16,295$10,067$6,059$3,575$599
40 years$24,609$15,503$9,436$5,588$3,243$514
41 years$23,741$14,757$8,848$5,156$2,942$441
42 years$22,917$14,054$8,299$4,758$2,670$378
43 years$22,133$13,391$7,788$4,392$2,423$325
44 years$21,387$12,764$7,310$4,056$2,199$279
45 years$20,676$12,172$6,864$3,745$1,997$239
46 years$19,997$11,612$6,447$3,460$1,813$205
47 years$19,350$11,081$6,057$3,196$1,646$176
48 years$18,732$10,578$5,692$2,954$1,495$151
49 years$18,140$10,102$5,350$2,730$1,358$130
50 years$17,574$9,650$5,030$2,523$1,233$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,000,000, adding $2,612 every year, while hoping to spend $51,376 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: 52/20/28 Blend
60$18,000,000$18,000,000$18,000,000$18,000,000
61$19,838,694$18,884,694$18,605,694$20,714,295
62$21,807,577$19,755,381$19,174,321$22,193,906
63$23,975,565$20,667,009$19,760,276$23,797,197
64$26,362,911$21,621,530$20,364,083$25,540,358
65$28,991,934$22,620,992$20,986,286$27,436,766
66$31,887,227$23,667,537$21,627,443$29,501,125
67$35,075,892$24,763,413$22,288,129$31,749,602
68$38,587,789$25,910,976$22,968,938$34,199,976
69$42,455,826$27,112,697$23,670,480$36,871,798
70$46,716,263$28,371,162$24,393,384$39,786,574
71$51,409,057$29,689,084$25,138,298$42,967,956
72$56,578,241$31,069,309$25,905,891$46,441,966
73$62,272,333$32,514,817$26,696,850$50,237,234
74$68,544,801$34,028,733$27,511,884$54,385,258
75$75,454,562$35,614,332$28,351,723$58,920,699
76$83,066,542$37,275,049$29,217,121$63,881,701
77$91,452,285$39,014,483$30,108,850$69,310,242
78$100,690,633$40,836,407$31,027,711$75,252,522
79$110,868,464$42,744,777$31,974,526$81,759,396
80$122,081,516$44,743,740$32,950,141$88,886,840
81$134,435,290$46,837,643$33,955,431$96,696,475
82$148,046,045$49,031,043$34,991,293$105,256,140
83$163,041,896$51,328,718$36,058,656$114,640,519
84$179,564,020$53,735,676$37,158,472$124,931,840
85$197,767,995$56,257,169$38,291,725$136,220,642
86$217,825,261$58,898,700$39,459,428$148,606,614
87$239,924,743$61,666,043$40,662,625$162,199,533
88$264,274,634$64,565,246$41,902,390$177,120,280
89$291,104,357$67,602,653$43,179,830$193,501,977
90$320,666,733$70,784,915$44,496,086$211,491,225
91$353,240,369$74,119,005$45,852,334$231,249,481
92$389,132,283$77,612,232$47,249,783$252,954,562
93$428,680,805$81,272,261$48,689,681$276,802,314
94$472,258,774$85,107,128$50,173,312$303,008,447
95$520,277,050$89,125,259$51,701,999$331,810,550
96$573,188,398$93,335,486$53,277,105$363,470,325
97$631,491,761$97,747,071$54,900,034$398,276,035
98$695,736,969$102,369,726$56,572,234$436,545,212
99$766,529,929$107,213,631$58,295,193$478,627,631
100$844,538,347$112,289,464$60,070,446$524,908,598