Can I retire at age 61 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,386,054
2 years$739,941$726,160$712,805$699,855$687,295$630,311
3 years$488,394$474,554$461,232$448,404$436,048$381,140
4 years$362,645$348,847$335,659$323,050$310,993$258,578
5 years$287,216$273,501$260,485$248,133$236,412$186,624
6 years$236,946$223,334$210,510$198,434$187,065$139,935
7 years$201,052$187,555$174,935$163,144$152,134$107,646
8 years$174,145$160,770$148,359$136,857$126,210$84,318
9 years$153,228$139,979$127,782$116,572$106,287$66,928
10 years$136,504$123,384$111,403$100,486$90,562$53,659
11 years$122,830$109,842$98,077$87,453$77,886$43,353
12 years$111,443$98,588$87,041$76,708$67,494$35,239
13 years$101,815$89,095$77,765$67,722$58,856$28,780
14 years$93,570$80,985$69,873$60,116$51,593$23,595
15 years$86,431$73,981$63,086$53,613$45,427$19,403
16 years$80,190$67,876$57,196$48,004$40,148$15,996
17 years$74,689$62,512$52,046$43,132$35,598$13,214
18 years$69,805$57,763$47,512$38,870$31,652$10,934
19 years$65,440$53,535$43,495$35,123$28,212$9,059
20 years$61,516$49,747$39,917$31,810$25,200$7,515
21 years$57,971$46,337$36,716$28,870$22,551$6,239
22 years$54,752$43,254$33,840$26,249$20,214$5,184
23 years$51,818$40,455$31,245$23,906$18,145$4,310
24 years$49,132$37,903$28,896$21,803$16,309$3,586
25 years$46,665$35,571$26,764$19,912$14,676$2,984
26 years$44,391$33,431$24,822$18,207$13,219$2,484
27 years$42,289$31,462$23,049$16,665$11,918$2,069
28 years$40,341$29,647$21,427$15,269$10,754$1,723
29 years$38,530$27,968$19,940$14,002$9,711$1,436
30 years$36,844$26,413$18,573$12,850$8,774$1,197
31 years$35,269$24,969$17,315$11,802$7,933$997
32 years$33,796$23,626$16,156$10,846$7,176$831
33 years$32,414$22,374$15,085$9,974$6,494$693
34 years$31,117$21,205$14,094$9,177$5,880$578
35 years$29,897$20,113$13,177$8,448$5,325$482
36 years$28,747$19,090$12,327$7,780$4,825$402
37 years$27,662$18,131$11,538$7,168$4,373$335
38 years$26,636$17,231$10,805$6,607$3,965$279
39 years$25,665$16,385$10,123$6,092$3,595$233
40 years$24,746$15,589$9,488$5,619$3,261$194
41 years$23,873$14,839$8,897$5,184$2,959$162
42 years$23,044$14,133$8,345$4,785$2,685$135
43 years$22,256$13,465$7,831$4,417$2,436$113
44 years$21,505$12,835$7,351$4,078$2,212$94
45 years$20,790$12,240$6,902$3,766$2,008$78
46 years$20,109$11,676$6,483$3,479$1,823$65
47 years$19,458$11,143$6,090$3,214$1,655$54
48 years$18,836$10,637$5,723$2,970$1,503$45
49 years$18,241$10,158$5,379$2,745$1,365$38
50 years$17,672$9,703$5,058$2,537$1,240$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,100,000, adding $4,176 every year, while hoping to spend $23,050 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: 63/22/15 Blend
60$18,100,000$18,100,000$18,100,000$18,100,000
61$19,950,508$18,991,208$18,710,658$21,133,905
62$21,960,934$19,897,252$19,312,940$22,834,438
63$24,175,652$20,846,919$19,934,625$24,687,631
64$26,615,474$21,842,324$20,576,341$26,710,767
65$29,303,336$22,885,682$21,238,732$28,920,381
66$32,264,512$23,979,316$21,922,465$31,334,660
67$35,526,853$25,125,663$22,628,229$33,973,608
68$39,121,052$26,327,280$23,356,734$36,859,234
69$43,080,927$27,586,845$24,108,713$40,015,750
70$47,443,750$28,907,169$24,884,923$43,469,796
71$52,250,592$30,291,199$25,686,147$47,250,689
72$57,546,709$31,742,025$26,513,190$51,390,688
73$63,381,977$33,262,888$27,366,886$55,925,294
74$69,811,356$34,857,187$28,248,093$60,893,583
75$76,895,411$36,528,485$29,157,701$66,338,563
76$84,700,883$38,280,521$30,096,624$72,307,574
77$93,301,321$40,117,214$31,065,809$78,852,729
78$102,777,773$42,042,675$32,066,231$86,031,398
79$113,219,554$44,061,215$33,098,898$93,906,738
80$124,725,088$46,177,354$34,164,851$102,548,287
81$137,402,837$48,395,834$35,265,163$112,032,606
82$151,372,323$50,721,627$36,400,943$122,443,993
83$166,765,261$53,159,947$37,573,335$133,875,275
84$183,726,796$55,716,263$38,783,520$146,428,664
85$202,416,879$58,396,310$40,032,718$160,216,722
86$223,011,775$61,206,103$41,322,188$175,363,405
87$245,705,723$64,151,949$42,653,229$192,005,223
88$270,712,777$67,240,465$44,027,182$210,292,519
89$298,268,820$70,478,587$45,445,432$230,390,874
90$328,633,795$73,873,593$46,909,409$252,482,657
91$362,094,155$77,433,113$48,420,588$276,768,731
92$398,965,574$81,165,151$49,980,493$303,470,338
93$439,595,919$85,078,099$51,590,695$332,831,170
94$484,368,538$89,180,761$53,252,819$365,119,653
95$533,705,880$93,482,370$54,968,540$400,631,468
96$588,073,482$97,992,608$56,739,588$439,692,320
97$647,984,361$102,721,630$58,567,748$482,660,999
98$714,003,862$107,680,086$60,454,864$529,932,744
99$786,754,993$112,879,147$62,402,839$581,942,957
100$866,924,306$118,330,529$64,413,637$639,171,293