Can I retire at age 61 with 18,300,000?

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 $18,300,000?

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%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,446,437
2 years$748,117$734,184$720,681$707,589$694,889$681,960
3 years$493,791$479,798$466,328$453,359$440,866$428,239
4 years$366,652$352,702$339,368$326,620$314,430$302,201
5 years$290,389$276,523$263,363$250,875$239,024$227,231
6 years$239,564$225,802$212,837$200,627$189,132$177,789
7 years$203,274$189,628$176,868$164,946$153,815$142,927
8 years$176,069$162,546$149,998$138,369$127,604$117,171
9 years$154,921$141,526$129,193$117,860$107,461$97,480
10 years$138,012$124,748$112,634$101,597$91,562$82,026
11 years$124,187$111,056$99,161$88,419$78,747$69,649
12 years$112,674$99,678$88,003$77,556$68,240$59,572
13 years$102,940$90,079$78,625$68,470$59,507$51,259
14 years$94,604$81,880$70,645$60,780$52,163$44,325
15 years$87,386$74,799$63,783$54,205$45,929$38,488
16 years$81,076$68,626$57,828$48,535$40,592$33,538
17 years$75,514$63,202$52,621$43,608$35,992$29,311
18 years$70,576$58,402$48,037$39,300$32,002$25,683
19 years$66,163$54,126$43,975$35,511$28,524$22,554
20 years$62,196$50,297$40,358$32,162$25,478$19,843
21 years$58,611$46,849$37,122$29,189$22,800$17,487
22 years$55,357$43,732$34,214$26,539$20,437$15,433
23 years$52,390$40,902$31,590$24,170$18,346$13,638
24 years$49,675$38,322$29,216$22,044$16,489$12,064
25 years$47,180$35,964$27,059$20,132$14,838$10,683
26 years$44,881$33,800$25,096$18,408$13,365$9,467
27 years$42,756$31,810$23,304$16,849$12,050$8,396
28 years$40,787$29,974$21,664$15,437$10,873$7,451
29 years$38,956$28,277$20,160$14,156$9,818$6,617
30 years$37,251$26,705$18,779$12,992$8,871$5,878
31 years$35,659$25,245$17,507$11,932$8,020$5,225
32 years$34,169$23,887$16,334$10,966$7,255$4,646
33 years$32,773$22,621$15,251$10,084$6,566$4,133
34 years$31,461$21,440$14,250$9,278$5,945$3,677
35 years$30,227$20,335$13,323$8,541$5,384$3,273
36 years$29,065$19,301$12,463$7,866$4,878$2,914
37 years$27,967$18,332$11,665$7,248$4,421$2,595
38 years$26,930$17,422$10,924$6,680$4,008$2,311
39 years$25,949$16,566$10,235$6,160$3,635$2,058
40 years$25,019$15,761$9,593$5,681$3,297$1,834
41 years$24,137$15,003$8,995$5,242$2,991$1,634
42 years$23,299$14,289$8,438$4,838$2,714$1,456
43 years$22,502$13,614$7,918$4,466$2,463$1,298
44 years$21,743$12,977$7,432$4,123$2,236$1,157
45 years$21,020$12,375$6,978$3,808$2,030$1,031
46 years$20,331$11,805$6,554$3,517$1,843$919
47 years$19,673$11,266$6,158$3,250$1,674$820
48 years$19,044$10,755$5,786$3,003$1,520$731
49 years$18,443$10,270$5,439$2,775$1,380$652
50 years$17,867$9,810$5,113$2,565$1,254$581

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,300,000, adding $6,832 every year, while hoping to spend $39,461 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: 40/38/22 Blend
60$18,300,000$18,300,000$18,300,000$18,300,000
61$20,173,647$19,203,747$18,920,097$20,848,933
62$22,189,373$20,102,745$19,511,934$22,233,664
63$24,409,380$21,044,470$20,122,275$23,726,496
64$26,854,464$22,030,976$20,751,699$25,340,733
65$29,547,539$23,064,414$21,400,800$27,087,470
66$32,513,857$24,147,039$22,070,195$28,978,875
67$35,781,241$25,281,215$22,760,518$31,028,302
68$39,380,354$26,469,421$23,472,422$33,250,403
69$43,344,984$27,714,256$24,206,582$35,661,260
70$47,712,363$29,018,445$24,963,692$38,278,531
71$52,523,519$30,384,844$25,744,471$41,121,601
72$57,823,665$31,816,448$26,549,658$44,211,764
73$63,662,622$33,316,398$27,380,015$47,572,405
74$70,095,292$34,887,984$28,236,329$51,229,216
75$77,182,177$36,534,660$29,119,410$55,210,427
76$84,989,944$38,260,043$30,030,095$59,547,057
77$93,592,061$40,067,928$30,969,247$64,273,201
78$103,069,489$41,962,294$31,937,754$69,426,333
79$113,511,441$43,947,312$32,936,534$75,047,651
80$125,016,233$46,027,354$33,966,532$81,182,450
81$137,692,201$48,207,007$35,028,723$87,880,536
82$151,658,735$50,491,079$36,124,114$95,196,678
83$167,047,395$52,884,612$37,253,742$103,191,117
84$184,003,162$55,392,890$38,418,675$111,930,110
85$202,685,801$58,021,458$39,620,017$121,486,541
86$223,271,370$60,776,127$40,858,904$131,940,592
87$245,953,882$63,662,990$42,136,511$143,380,480
88$270,947,140$66,688,438$43,454,045$155,903,271
89$298,486,747$69,859,170$44,812,755$169,615,775
90$328,832,339$73,182,213$46,213,925$184,635,532
91$362,270,029$76,664,934$47,658,884$201,091,898
92$399,115,113$80,315,056$49,148,997$219,127,247
93$439,715,041$84,140,681$50,685,676$238,898,285
94$484,452,704$88,150,303$52,270,374$260,577,506
95$533,750,040$92,352,828$53,904,592$284,354,792
96$588,072,023$96,757,596$55,589,875$310,439,180
97$647,931,053$101,374,401$57,327,819$339,060,801
98$713,891,788$106,213,514$59,120,068$370,473,026
99$786,576,478$111,285,704$60,968,318$404,954,820
100$866,670,840$116,602,265$62,874,318$442,813,348