Can I retire at age 61 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,413,342
2 years$744,029$730,172$716,743$703,722$691,092$653,116
3 years$491,092$477,176$463,780$450,882$438,457$401,644
4 years$364,649$350,775$337,513$324,835$312,711$277,344
5 years$288,802$275,012$261,924$249,504$237,718$203,894
6 years$238,255$224,568$211,674$199,531$188,098$155,851
7 years$202,163$188,592$175,902$164,045$152,974$122,306
8 years$175,107$161,658$149,179$137,613$126,907$97,803
9 years$154,074$140,752$128,487$117,216$106,874$79,308
10 years$137,258$124,066$112,018$101,041$91,062$65,001
11 years$123,508$110,449$98,619$87,936$78,316$53,720
12 years$112,059$99,133$87,522$77,132$67,867$44,692
13 years$102,378$89,587$78,195$68,096$59,182$37,380
14 years$94,087$81,432$70,259$60,448$51,878$31,400
15 years$86,908$74,390$63,434$53,909$45,678$26,470
16 years$80,633$68,251$57,512$48,270$40,370$22,381
17 years$75,102$62,857$52,334$43,370$35,795$18,969
18 years$70,190$58,083$47,774$39,085$31,827$16,111
19 years$65,801$53,830$43,735$35,317$28,368$13,707
20 years$61,856$50,022$40,138$31,986$25,339$11,678
21 years$58,291$46,593$36,919$29,029$22,676$9,962
22 years$55,055$43,493$34,027$26,394$20,325$8,507
23 years$52,104$40,678$31,417$24,038$18,245$7,271
24 years$49,403$38,113$29,056$21,924$16,399$6,219
25 years$46,922$35,767$26,912$20,022$14,757$5,323
26 years$44,636$33,615$24,959$18,307$13,292$4,558
27 years$42,523$31,636$23,177$16,757$11,984$3,905
28 years$40,564$29,810$21,546$15,353$10,814$3,347
29 years$38,743$28,123$20,050$14,079$9,764$2,869
30 years$37,047$26,559$18,676$12,921$8,823$2,461
31 years$35,464$25,107$17,411$11,867$7,977$2,111
32 years$33,982$23,756$16,245$10,906$7,215$1,811
33 years$32,594$22,498$15,168$10,029$6,530$1,554
34 years$31,289$21,323$14,172$9,228$5,912$1,334
35 years$30,062$20,224$13,250$8,494$5,355$1,145
36 years$28,906$19,196$12,395$7,823$4,852$983
37 years$27,815$18,231$11,601$7,208$4,397$844
38 years$26,783$17,326$10,864$6,644$3,987$725
39 years$25,807$16,476$10,179$6,126$3,615$622
40 years$24,882$15,675$9,540$5,650$3,279$535
41 years$24,005$14,921$8,946$5,213$2,975$459
42 years$23,171$14,211$8,392$4,811$2,699$394
43 years$22,379$13,540$7,874$4,441$2,450$339
44 years$21,624$12,906$7,391$4,101$2,224$291
45 years$20,905$12,307$6,940$3,787$2,019$250
46 years$20,220$11,741$6,518$3,498$1,833$215
47 years$19,565$11,204$6,124$3,232$1,664$184
48 years$18,940$10,696$5,755$2,986$1,511$158
49 years$18,342$10,214$5,409$2,760$1,373$136
50 years$17,770$9,757$5,085$2,551$1,247$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,200,000, adding $2,389 every year, while hoping to spend $44,193 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: 51/35/14 Blend
60$18,200,000$18,200,000$18,200,000$18,200,000
61$20,058,864$19,094,264$18,812,164$21,005,692
62$22,057,847$19,982,862$19,395,351$22,543,446
63$24,259,246$20,913,520$19,996,593$24,209,470
64$26,683,659$21,888,253$20,616,449$26,019,711
65$29,353,786$22,909,171$21,255,494$27,987,786
66$32,294,641$23,978,489$21,914,321$30,128,651
67$35,533,786$25,098,527$22,593,543$32,458,738
68$39,101,594$26,271,717$23,293,789$34,996,100
69$43,031,534$27,500,609$24,015,708$37,760,579
70$47,360,489$28,787,876$24,759,972$40,773,982
71$52,129,098$30,136,322$25,527,271$44,060,278
72$57,382,147$31,548,883$26,318,316$47,645,820
73$63,168,988$33,028,640$27,133,841$51,559,580
74$69,544,003$34,578,821$27,974,603$55,833,419
75$76,567,121$36,202,813$28,841,381$60,502,373
76$84,304,379$37,904,163$29,734,980$65,604,976
77$92,828,552$39,686,593$30,656,228$71,183,615
78$102,219,832$41,554,004$31,605,979$77,284,916
79$112,566,590$43,510,485$32,585,115$83,960,174
80$123,966,207$45,560,324$33,594,541$91,265,824
81$136,525,997$47,708,017$34,635,195$99,263,966
82$150,364,216$49,958,276$35,708,041$108,022,932
83$165,611,178$52,316,044$36,814,073$117,617,919
84$182,410,490$54,786,502$37,954,316$128,131,689
85$200,920,401$57,375,082$39,129,827$139,655,328
86$221,315,301$60,087,480$40,341,695$152,289,094
87$243,787,362$62,929,667$41,591,042$166,143,350
88$268,548,358$65,907,905$42,879,027$181,339,580
89$295,831,657$69,028,760$44,206,841$198,011,529
90$325,894,432$72,299,114$45,575,716$216,306,435
91$359,020,079$75,726,186$46,986,918$236,386,408
92$395,520,902$79,317,544$48,441,754$258,429,937
93$435,741,053$83,081,122$49,941,572$282,633,550
94$480,059,785$87,025,243$51,487,759$309,213,652
95$528,895,033$91,158,629$53,081,748$338,408,539
96$582,707,353$95,490,429$54,725,014$370,480,629
97$642,004,279$100,030,235$56,419,078$405,718,905
98$707,345,105$104,788,107$58,165,507$444,441,624
99$779,346,173$109,774,591$59,965,918$486,999,287
100$858,686,682$115,000,746$61,821,976$533,777,921