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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,406,365
2 years$735,853$722,148$708,867$695,989$683,498$654,428
3 years$485,696$471,932$458,684$445,927$433,639$405,386
4 years$360,642$346,920$333,804$321,265$309,275$282,056
5 years$285,629$271,990$259,046$246,762$235,106$208,999
6 years$235,636$222,100$209,347$197,338$186,031$161,065
7 years$199,942$186,519$173,969$162,242$151,293$127,473
8 years$173,183$159,881$147,539$136,101$125,512$102,830
9 years$152,381$139,205$127,076$115,928$105,700$84,141
10 years$135,750$122,703$110,787$99,931$90,061$69,605
11 years$122,151$109,235$97,535$86,970$77,456$58,077
12 years$110,827$98,044$86,560$76,284$67,122$48,792
13 years$101,253$88,603$77,336$67,348$58,531$41,220
14 years$93,053$80,537$69,487$59,784$51,308$34,983
15 years$85,953$73,572$62,737$53,317$45,176$29,801
16 years$79,747$67,501$56,880$47,739$39,926$25,467
17 years$74,276$62,166$51,759$42,893$35,402$21,820
18 years$69,419$57,444$47,249$38,655$31,477$18,738
19 years$65,078$53,239$43,254$34,929$28,057$16,121
20 years$61,176$49,472$39,697$31,634$25,061$13,892
21 years$57,651$46,081$36,513$28,710$22,426$11,987
22 years$54,450$43,015$33,653$26,104$20,102$10,356
23 years$51,531$40,231$31,072$23,774$18,045$8,956
24 years$48,860$37,694$28,737$21,683$16,219$7,751
25 years$46,407$35,374$26,616$19,802$14,595$6,714
26 years$44,146$33,246$24,685$18,106$13,146$5,819
27 years$42,055$31,288$22,922$16,573$11,853$5,046
28 years$40,118$29,483$21,309$15,184$10,695$4,378
29 years$38,318$27,814$19,830$13,924$9,657$3,800
30 years$36,640$26,267$18,471$12,779$8,726$3,300
31 years$35,074$24,831$17,220$11,737$7,889$2,866
32 years$33,609$23,495$16,066$10,786$7,136$2,490
33 years$32,235$22,250$15,001$9,919$6,458$2,164
34 years$30,945$21,088$14,016$9,126$5,847$1,881
35 years$29,732$20,002$13,104$8,401$5,296$1,635
36 years$28,588$18,985$12,259$7,737$4,798$1,421
37 years$27,509$18,031$11,474$7,129$4,349$1,236
38 years$26,489$17,136$10,745$6,571$3,943$1,075
39 years$25,524$16,295$10,067$6,059$3,575$935
40 years$24,609$15,503$9,436$5,588$3,243$813
41 years$23,741$14,757$8,848$5,156$2,942$707
42 years$22,917$14,054$8,299$4,758$2,670$615
43 years$22,133$13,391$7,788$4,392$2,423$535
44 years$21,387$12,764$7,310$4,056$2,199$466
45 years$20,676$12,172$6,864$3,745$1,997$405
46 years$19,997$11,612$6,447$3,460$1,813$353
47 years$19,350$11,081$6,057$3,196$1,646$307
48 years$18,732$10,578$5,692$2,954$1,495$267
49 years$18,140$10,102$5,350$2,730$1,358$232
50 years$17,574$9,650$5,030$2,523$1,233$202

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 $5,014 every year, while hoping to spend $38,097 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: 43/40/17 Blend
60$18,000,000$18,000,000$18,000,000$18,000,000
61$19,841,172$18,887,172$18,608,172$20,596,000
62$21,824,437$19,772,108$19,191,011$22,012,672
63$24,008,717$20,699,130$19,792,098$23,542,390
64$26,414,478$21,670,259$20,412,004$25,198,875
65$29,064,267$22,687,614$21,051,319$26,993,804
66$31,982,933$23,753,418$21,710,650$28,939,993
67$35,197,858$24,870,001$22,390,622$31,051,504
68$38,739,215$26,039,806$23,091,883$33,343,772
69$42,640,251$27,265,393$23,815,097$35,833,745
70$46,937,607$28,549,448$24,560,953$38,540,032
71$51,671,657$29,894,785$25,330,159$41,483,071
72$56,886,892$31,304,355$26,123,446$44,685,311
73$62,632,340$32,781,253$26,941,566$48,171,416
74$68,962,027$34,328,724$27,785,297$51,968,484
75$75,935,490$35,950,167$28,655,441$56,106,295
76$83,618,336$37,649,151$29,552,823$60,617,579
77$92,082,860$39,429,413$30,478,297$65,538,314
78$101,408,733$41,294,876$31,432,741$70,908,052
79$111,683,748$43,249,649$32,417,062$76,770,278
80$123,004,650$45,298,042$33,432,194$83,172,810
81$135,478,054$47,444,575$34,479,101$90,168,233
82$149,221,443$49,693,986$35,558,779$97,814,382
83$164,364,283$52,051,245$36,672,251$106,174,869
84$181,049,244$54,521,560$37,820,575$115,319,673
85$199,433,545$57,110,394$39,004,842$125,325,777
86$219,690,438$59,823,476$40,226,177$136,277,880
87$242,010,847$62,666,810$41,485,738$148,269,177
88$266,605,165$65,646,696$42,784,722$161,402,218
89$293,705,244$68,769,736$44,124,362$175,789,854
90$323,566,581$72,042,855$45,505,931$191,556,287
91$356,470,732$75,473,314$46,930,738$208,838,210
92$392,727,967$79,068,727$48,400,139$227,786,083
93$432,680,203$82,837,078$49,915,526$248,565,519
94$476,704,227$86,786,738$51,478,340$271,358,830
95$525,215,257$90,926,487$53,090,063$296,366,715
96$578,670,859$95,265,531$54,752,226$323,810,128
97$637,575,266$99,813,522$56,466,406$353,932,335
98$702,484,143$104,580,584$58,234,230$387,001,174
99$774,009,826$109,577,333$60,057,377$423,311,557
100$852,827,106$114,814,900$61,937,576$463,188,216