Can I retire at age 61 with 18,400,000?

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 $18,400,000?

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$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,445,913
2 years$752,205$738,196$724,619$711,455$698,687$677,242
3 years$496,489$482,419$468,877$455,836$443,275$422,383
4 years$368,656$354,629$341,222$328,404$316,148$295,968
5 years$291,976$278,034$264,802$252,246$240,331$220,923
6 years$240,873$227,035$214,000$201,723$190,165$171,552
7 years$204,385$190,664$177,835$165,848$154,655$136,842
8 years$177,031$163,434$150,818$139,126$128,302$111,286
9 years$155,768$142,299$129,899$118,504$108,048$91,823
10 years$138,767$125,430$113,249$102,152$92,063$76,615
11 years$124,866$111,663$99,703$88,903$79,177$64,491
12 years$113,290$100,222$88,484$77,980$68,613$54,672
13 years$103,503$90,572$79,054$68,844$59,832$46,616
14 years$95,121$82,327$71,031$61,112$52,448$39,937
15 years$87,863$75,207$64,131$54,501$46,180$34,351
16 years$81,519$69,001$58,144$48,800$40,814$29,645
17 years$75,927$63,548$52,909$43,846$36,188$25,655
18 years$70,962$58,721$48,299$39,514$32,177$22,256
19 years$66,524$54,422$44,216$35,705$28,680$19,346
20 years$62,536$50,571$40,579$32,337$25,617$16,847
21 years$58,932$47,105$37,325$29,348$22,925$14,692
22 years$55,660$43,971$34,400$26,684$20,549$12,830
23 years$52,677$41,125$31,763$24,302$18,446$11,216
24 years$49,946$38,532$29,375$22,165$16,580$9,815
25 years$47,438$36,160$27,207$20,242$14,919$8,596
26 years$45,127$33,985$25,233$18,508$13,439$7,534
27 years$42,990$31,984$23,431$16,941$12,116$6,608
28 years$41,010$30,138$21,783$15,522$10,932$5,798
29 years$39,169$28,432$20,270$14,234$9,872$5,091
30 years$37,454$26,851$18,881$13,063$8,920$4,471
31 years$35,854$25,383$17,602$11,997$8,064$3,929
32 years$34,356$24,017$16,423$11,026$7,295$3,453
33 years$32,952$22,745$15,335$10,139$6,602$3,036
34 years$31,633$21,557$14,328$9,329$5,977$2,670
35 years$30,392$20,446$13,395$8,588$5,414$2,349
36 years$29,223$19,407$12,531$7,909$4,905$2,066
37 years$28,120$18,432$11,729$7,287$4,446$1,818
38 years$27,078$17,517$10,984$6,717$4,030$1,600
39 years$26,091$16,657$10,290$6,193$3,655$1,409
40 years$25,156$15,848$9,645$5,712$3,315$1,240
41 years$24,269$15,085$9,044$5,270$3,008$1,092
42 years$23,426$14,367$8,484$4,864$2,729$961
43 years$22,625$13,689$7,961$4,490$2,477$846
44 years$21,862$13,048$7,473$4,146$2,248$745
45 years$21,135$12,443$7,017$3,829$2,041$656
46 years$20,442$11,870$6,590$3,537$1,853$578
47 years$19,780$11,327$6,191$3,267$1,683$509
48 years$19,148$10,813$5,818$3,019$1,528$448
49 years$18,543$10,326$5,469$2,790$1,388$395
50 years$17,965$9,864$5,141$2,579$1,261$348

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,400,000, adding $3,158 every year, while hoping to spend $39,754 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: 21/49/30 Blend
60$18,400,000$18,400,000$18,400,000$18,400,000
61$20,280,057$19,304,857$19,019,657$20,512,965
62$22,306,325$20,208,498$19,614,518$21,633,328
63$24,537,940$21,155,084$20,227,974$22,826,599
64$26,995,805$22,146,678$20,860,607$24,101,311
65$29,702,955$23,185,443$21,513,015$25,464,093
66$32,684,772$24,273,645$22,185,816$26,922,175
67$35,969,226$25,413,661$22,879,648$28,483,449
68$39,587,138$26,607,981$23,595,167$30,156,532
69$43,572,472$27,859,218$24,333,051$31,950,837
70$47,962,655$29,170,111$25,093,999$33,876,648
71$52,798,929$30,543,529$25,878,731$35,945,211
72$58,126,742$31,982,484$26,687,991$38,168,819
73$63,996,174$33,490,131$27,522,543$40,560,922
74$70,462,415$35,069,778$28,383,179$43,136,238
75$77,586,279$36,724,895$29,270,714$45,910,877
76$85,434,783$38,459,119$30,185,986$48,902,477
77$94,081,778$40,276,262$31,129,864$52,130,358
78$103,608,645$42,180,324$32,103,239$55,615,685
79$114,105,063$44,175,497$33,107,035$59,381,653
80$125,669,859$46,266,176$34,142,200$63,453,686
81$138,411,936$48,456,969$35,209,714$67,859,659
82$152,451,302$50,752,710$36,310,589$72,630,142
83$167,920,207$53,158,464$37,445,865$77,798,668
84$184,964,384$55,679,545$38,616,618$83,402,026
85$203,744,431$58,321,523$39,823,954$89,480,588
86$224,437,324$61,090,238$41,069,018$96,078,667
87$247,238,087$63,991,816$42,352,986$103,244,910
88$272,361,635$67,032,678$43,677,074$111,032,729
89$300,044,800$70,219,558$45,042,535$119,500,782
90$330,548,570$73,559,517$46,450,660$128,713,497
91$364,160,550$77,059,959$47,902,783$138,741,650
92$401,197,676$80,728,647$49,400,276$149,663,004
93$442,009,211$84,573,722$50,944,558$161,563,008
94$486,980,038$88,603,722$52,537,087$174,535,574
95$536,534,294$92,827,597$54,179,372$188,683,924
96$591,139,377$97,254,734$55,872,966$204,121,530
97$651,310,354$101,894,976$57,619,471$220,973,144
98$717,614,825$106,758,645$59,420,538$239,375,939
99$790,678,283$111,856,564$61,277,872$259,480,758
100$871,190,016$117,200,084$63,193,229$281,453,495