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%13.5%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,430,196
2 years$744,029$730,172$716,743$703,722$691,092$669,881
3 years$491,092$477,176$463,780$450,882$438,457$417,792
4 years$364,649$350,775$337,513$324,835$312,711$292,751
5 years$288,802$275,012$261,924$249,504$237,718$218,521
6 years$238,255$224,568$211,674$199,531$188,098$169,687
7 years$202,163$188,592$175,902$164,045$152,974$135,355
8 years$175,107$161,658$149,179$137,613$126,907$110,077
9 years$154,074$140,752$128,487$117,216$106,874$90,825
10 years$137,258$124,066$112,018$101,041$91,062$75,782
11 years$123,508$110,449$98,619$87,936$78,316$63,790
12 years$112,059$99,133$87,522$77,132$67,867$54,078
13 years$102,378$89,587$78,195$68,096$59,182$46,109
14 years$94,087$81,432$70,259$60,448$51,878$39,503
15 years$86,908$74,390$63,434$53,909$45,678$33,977
16 years$80,633$68,251$57,512$48,270$40,370$29,322
17 years$75,102$62,857$52,334$43,370$35,795$25,376
18 years$70,190$58,083$47,774$39,085$31,827$22,014
19 years$65,801$53,830$43,735$35,317$28,368$19,136
20 years$61,856$50,022$40,138$31,986$25,339$16,663
21 years$58,291$46,593$36,919$29,029$22,676$14,532
22 years$55,055$43,493$34,027$26,394$20,325$12,690
23 years$52,104$40,678$31,417$24,038$18,245$11,094
24 years$49,403$38,113$29,056$21,924$16,399$9,708
25 years$46,922$35,767$26,912$20,022$14,757$8,503
26 years$44,636$33,615$24,959$18,307$13,292$7,452
27 years$42,523$31,636$23,177$16,757$11,984$6,536
28 years$40,564$29,810$21,546$15,353$10,814$5,735
29 years$38,743$28,123$20,050$14,079$9,764$5,035
30 years$37,047$26,559$18,676$12,921$8,823$4,423
31 years$35,464$25,107$17,411$11,867$7,977$3,886
32 years$33,982$23,756$16,245$10,906$7,215$3,416
33 years$32,594$22,498$15,168$10,029$6,530$3,003
34 years$31,289$21,323$14,172$9,228$5,912$2,641
35 years$30,062$20,224$13,250$8,494$5,355$2,323
36 years$28,906$19,196$12,395$7,823$4,852$2,044
37 years$27,815$18,231$11,601$7,208$4,397$1,798
38 years$26,783$17,326$10,864$6,644$3,987$1,583
39 years$25,807$16,476$10,179$6,126$3,615$1,393
40 years$24,882$15,675$9,540$5,650$3,279$1,226
41 years$24,005$14,921$8,946$5,213$2,975$1,080
42 years$23,171$14,211$8,392$4,811$2,699$951
43 years$22,379$13,540$7,874$4,441$2,450$837
44 years$21,624$12,906$7,391$4,101$2,224$737
45 years$20,905$12,307$6,940$3,787$2,019$649
46 years$20,220$11,741$6,518$3,498$1,833$572
47 years$19,565$11,204$6,124$3,232$1,664$504
48 years$18,940$10,696$5,755$2,986$1,511$444
49 years$18,342$10,214$5,409$2,760$1,373$391
50 years$17,770$9,757$5,085$2,551$1,247$344

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 $6,736 every year, while hoping to spend $37,837 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: 48/46/6 Blend
60$18,200,000$18,200,000$18,200,000$18,200,000
61$20,063,348$19,098,748$18,816,648$20,994,928
62$22,069,551$19,994,329$19,406,748$22,528,345
63$24,279,119$20,932,524$20,015,347$24,187,667
64$26,712,755$21,915,383$20,643,027$25,988,251
65$29,393,272$22,945,053$21,290,385$27,943,236
66$32,345,810$24,023,786$21,958,037$30,067,045
67$35,598,072$25,153,940$22,646,620$32,375,511
68$39,180,583$26,337,991$23,356,790$34,886,014
69$43,126,983$27,578,533$24,089,222$37,617,644
70$47,474,340$28,878,286$24,844,616$40,591,362
71$52,263,502$30,240,101$25,623,691$43,830,198
72$57,539,483$31,666,969$26,427,187$47,359,450
73$63,351,884$33,162,025$27,255,872$51,206,915
74$69,755,366$34,728,554$28,110,534$55,403,143
75$76,810,164$36,370,004$28,991,987$59,981,708
76$84,582,653$38,089,986$29,901,071$64,979,516
77$93,145,978$39,892,290$30,838,652$70,437,140
78$102,580,743$41,780,888$31,805,622$76,399,187
79$112,975,772$43,759,944$32,802,903$82,914,710
80$124,428,945$45,833,825$33,831,444$90,037,648
81$137,048,125$48,007,110$34,892,225$97,827,329
82$150,952,175$50,284,600$35,986,256$106,349,004
83$166,272,081$52,671,330$37,114,579$115,674,454
84$183,152,184$55,172,576$38,278,269$125,882,645
85$201,751,549$57,793,875$39,478,434$137,060,453
86$222,245,462$60,541,029$40,716,216$149,303,470
87$244,827,084$63,420,125$41,992,794$162,716,880
88$269,709,278$66,437,542$43,309,384$177,416,435
89$297,126,616$69,599,973$44,667,239$193,529,518
90$327,337,592$72,914,433$46,067,653$211,196,331
91$360,627,065$76,388,279$47,511,959$230,571,184
92$397,308,948$80,029,227$49,001,532$251,823,933
93$437,729,167$83,845,366$50,537,790$275,141,551
94$482,268,932$87,845,178$52,122,195$300,729,868
95$531,348,332$92,037,561$53,756,257$328,815,479
96$585,430,301$96,431,841$55,441,532$359,647,857
97$645,024,991$101,037,800$57,179,622$393,501,670
98$710,694,585$105,865,697$58,972,184$430,679,345
99$783,058,604$110,926,288$60,820,924$471,513,879
100$862,799,758$116,230,852$62,727,601$516,371,951