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

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,439,134
2 years$744,029$730,172$716,743$703,722$691,092$678,837
3 years$491,092$477,176$463,780$450,882$438,457$426,486
4 years$364,649$350,775$337,513$324,835$312,711$301,116
5 years$288,802$275,012$261,924$249,504$237,718$226,534
6 years$238,255$224,568$211,674$199,531$188,098$177,338
7 years$202,163$188,592$175,902$164,045$152,974$142,644
8 years$175,107$161,658$149,179$137,613$126,907$117,006
9 years$154,074$140,752$128,487$117,216$106,874$97,399
10 years$137,258$124,066$112,018$101,041$91,062$82,008
11 years$123,508$110,449$98,619$87,936$78,316$69,676
12 years$112,059$99,133$87,522$77,132$67,867$59,633
13 years$102,378$89,587$78,195$68,096$59,182$51,344
14 years$94,087$81,432$70,259$60,448$51,878$44,428
15 years$86,908$74,390$63,434$53,909$45,678$38,604
16 years$80,633$68,251$57,512$48,270$40,370$33,661
17 years$75,102$62,857$52,334$43,370$35,795$29,440
18 years$70,190$58,083$47,774$39,085$31,827$25,814
19 years$65,801$53,830$43,735$35,317$28,368$22,685
20 years$61,856$50,022$40,138$31,986$25,339$19,973
21 years$58,291$46,593$36,919$29,029$22,676$17,615
22 years$55,055$43,493$34,027$26,394$20,325$15,558
23 years$52,104$40,678$31,417$24,038$18,245$13,758
24 years$49,403$38,113$29,056$21,924$16,399$12,180
25 years$46,922$35,767$26,912$20,022$14,757$10,793
26 years$44,636$33,615$24,959$18,307$13,292$9,573
27 years$42,523$31,636$23,177$16,757$11,984$8,497
28 years$40,564$29,810$21,546$15,353$10,814$7,547
29 years$38,743$28,123$20,050$14,079$9,764$6,707
30 years$37,047$26,559$18,676$12,921$8,823$5,963
31 years$35,464$25,107$17,411$11,867$7,977$5,305
32 years$33,982$23,756$16,245$10,906$7,215$4,721
33 years$32,594$22,498$15,168$10,029$6,530$4,203
34 years$31,289$21,323$14,172$9,228$5,912$3,743
35 years$30,062$20,224$13,250$8,494$5,355$3,334
36 years$28,906$19,196$12,395$7,823$4,852$2,971
37 years$27,815$18,231$11,601$7,208$4,397$2,647
38 years$26,783$17,326$10,864$6,644$3,987$2,360
39 years$25,807$16,476$10,179$6,126$3,615$2,104
40 years$24,882$15,675$9,540$5,650$3,279$1,876
41 years$24,005$14,921$8,946$5,213$2,975$1,673
42 years$23,171$14,211$8,392$4,811$2,699$1,492
43 years$22,379$13,540$7,874$4,441$2,450$1,331
44 years$21,624$12,906$7,391$4,101$2,224$1,188
45 years$20,905$12,307$6,940$3,787$2,019$1,060
46 years$20,220$11,741$6,518$3,498$1,833$945
47 years$19,565$11,204$6,124$3,232$1,664$844
48 years$18,940$10,696$5,755$2,986$1,511$753
49 years$18,342$10,214$5,409$2,760$1,373$672
50 years$17,770$9,757$5,085$2,551$1,247$600

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 $3,975 every year, while hoping to spend $43,202 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: 75/14/11 Blend
60$18,200,000$18,200,000$18,200,000$18,200,000
61$20,060,500$19,095,900$18,813,800$21,522,917
62$22,060,705$19,985,633$19,398,096$23,377,536
63$24,263,482$20,917,514$20,000,518$25,403,600
64$26,689,449$21,893,564$20,621,627$27,622,745
65$29,361,324$22,915,900$21,262,003$30,054,126
66$32,304,141$23,986,742$21,922,242$32,718,825
67$35,545,487$25,108,415$22,602,960$35,640,056
68$39,115,759$26,283,359$23,304,791$38,843,373
69$43,048,454$27,514,132$24,028,390$42,356,911
70$47,380,485$28,803,413$24,774,430$46,211,649
71$52,152,528$30,154,014$25,543,607$50,441,697
72$57,409,405$31,568,880$26,336,637$55,084,616
73$63,200,509$33,051,100$27,154,259$60,181,765
74$69,580,269$34,603,912$27,997,234$65,778,694
75$76,608,664$36,230,711$28,866,349$71,925,562
76$84,351,788$37,935,056$29,762,412$78,677,612
77$92,882,476$39,720,679$30,686,258$86,095,683
78$102,280,988$41,591,491$31,638,747$94,246,786
79$112,635,770$43,551,596$32,620,766$103,204,722
80$124,044,286$45,605,292$33,633,230$113,050,782
81$136,613,941$47,757,089$34,677,081$123,874,505
82$150,463,090$50,011,714$35,753,290$135,774,517
83$165,722,160$52,374,122$36,862,861$148,859,458
84$182,534,878$54,849,512$38,006,824$163,248,998
85$201,059,629$57,443,332$39,186,246$179,074,965
86$221,470,950$60,161,293$40,402,224$196,482,577
87$243,961,177$63,009,387$41,655,888$215,631,809
88$268,742,263$65,993,893$42,948,407$236,698,895
89$296,047,777$69,121,397$44,280,982$259,877,983
90$326,135,108$72,398,803$45,654,852$285,382,962
91$359,287,896$75,833,352$47,071,297$313,449,468
92$395,818,710$79,432,634$48,531,634$344,337,105
93$436,071,995$83,204,610$50,037,220$378,331,879
94$480,427,328$87,157,625$51,589,457$415,748,898
95$529,302,999$91,300,433$53,189,787$456,935,326
96$583,159,959$95,642,208$54,839,699$502,273,657
97$642,506,173$100,192,574$56,540,727$552,185,313
98$707,901,413$104,961,620$58,294,451$607,134,606
99$779,962,545$109,959,928$60,102,504$667,633,117
100$859,369,351$115,198,591$61,966,564$734,244,505