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%19.7%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,410,141
2 years$752,205$738,196$724,619$711,455$698,687$641,848
3 years$496,489$482,419$468,877$455,836$443,275$388,489
4 years$368,656$354,629$341,222$328,404$316,148$263,830
5 years$291,976$278,034$264,802$252,246$240,331$190,616
6 years$240,873$227,035$214,000$201,723$190,165$143,086
7 years$204,385$190,664$177,835$165,848$154,655$110,196
8 years$177,031$163,434$150,818$139,126$128,302$86,418
9 years$155,768$142,299$129,899$118,504$108,048$68,680
10 years$138,767$125,430$113,249$102,152$92,063$55,133
11 years$124,866$111,663$99,703$88,903$79,177$44,603
12 years$113,290$100,222$88,484$77,980$68,613$36,303
13 years$103,503$90,572$79,054$68,844$59,832$29,690
14 years$95,121$82,327$71,031$61,112$52,448$24,375
15 years$87,863$75,207$64,131$54,501$46,180$20,073
16 years$81,519$69,001$58,144$48,800$40,814$16,572
17 years$75,927$63,548$52,909$43,846$36,188$13,710
18 years$70,962$58,721$48,299$39,514$32,177$11,362
19 years$66,524$54,422$44,216$35,705$28,680$9,428
20 years$62,536$50,571$40,579$32,337$25,617$7,833
21 years$58,932$47,105$37,325$29,348$22,925$6,514
22 years$55,660$43,971$34,400$26,684$20,549$5,421
23 years$52,677$41,125$31,763$24,302$18,446$4,514
24 years$49,946$38,532$29,375$22,165$16,580$3,761
25 years$47,438$36,160$27,207$20,242$14,919$3,135
26 years$45,127$33,985$25,233$18,508$13,439$2,614
27 years$42,990$31,984$23,431$16,941$12,116$2,181
28 years$41,010$30,138$21,783$15,522$10,932$1,819
29 years$39,169$28,432$20,270$14,234$9,872$1,518
30 years$37,454$26,851$18,881$13,063$8,920$1,267
31 years$35,854$25,383$17,602$11,997$8,064$1,058
32 years$34,356$24,017$16,423$11,026$7,295$883
33 years$32,952$22,745$15,335$10,139$6,602$738
34 years$31,633$21,557$14,328$9,329$5,977$616
35 years$30,392$20,446$13,395$8,588$5,414$514
36 years$29,223$19,407$12,531$7,909$4,905$430
37 years$28,120$18,432$11,729$7,287$4,446$359
38 years$27,078$17,517$10,984$6,717$4,030$300
39 years$26,091$16,657$10,290$6,193$3,655$250
40 years$25,156$15,848$9,645$5,712$3,315$209
41 years$24,269$15,085$9,044$5,270$3,008$175
42 years$23,426$14,367$8,484$4,864$2,729$146
43 years$22,625$13,689$7,961$4,490$2,477$122
44 years$21,862$13,048$7,473$4,146$2,248$102
45 years$21,135$12,443$7,017$3,829$2,041$85
46 years$20,442$11,870$6,590$3,537$1,853$71
47 years$19,780$11,327$6,191$3,267$1,683$59
48 years$19,148$10,813$5,818$3,019$1,528$50
49 years$18,543$10,326$5,469$2,790$1,388$41
50 years$17,965$9,864$5,141$2,579$1,261$35

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 $5,303 every year, while hoping to spend $22,428 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: 81/11/8 Blend
60$18,400,000$18,400,000$18,400,000$18,400,000
61$20,282,270$19,307,070$19,021,870$21,904,435
62$22,327,198$20,229,253$19,635,239$23,889,563
63$24,579,958$21,195,872$20,268,405$26,064,378
64$27,061,723$22,209,079$20,922,006$28,450,675
65$29,795,829$23,271,134$21,596,704$31,069,599
66$32,807,988$24,384,405$22,293,178$33,944,433
67$36,126,537$25,551,374$23,012,133$37,100,813
68$39,782,700$26,774,648$23,754,296$40,566,972
69$43,810,886$28,056,956$24,520,416$44,374,002
70$48,249,013$29,401,164$25,311,267$48,556,144
71$53,138,866$30,810,274$26,127,647$53,151,107
72$58,526,490$32,287,438$26,970,383$58,200,425
73$64,462,627$33,835,957$27,840,326$63,749,843
74$71,003,192$35,459,296$28,738,354$69,849,745
75$78,209,805$37,161,088$29,665,376$76,555,626
76$86,150,366$38,945,143$30,622,328$83,928,615
77$94,899,705$40,815,457$31,610,177$92,036,046
78$104,540,280$42,776,219$32,629,922$100,952,089
79$115,162,958$44,831,823$33,682,595$110,758,447
80$126,867,876$46,986,879$34,769,258$121,545,124
81$139,765,382$49,246,218$35,891,011$133,411,266
82$153,977,078$51,614,911$37,048,987$146,466,099
83$169,636,970$54,098,271$38,244,358$160,829,946
84$186,892,729$56,701,874$39,478,332$176,635,367
85$205,907,088$59,431,567$40,752,157$194,028,399
86$226,859,378$62,293,481$42,067,121$213,169,928
87$249,947,219$65,294,046$43,424,554$234,237,208
88$275,388,388$68,440,006$44,825,829$257,425,522
89$303,422,872$71,738,435$46,272,363$282,950,021
90$334,315,137$75,196,751$47,765,619$311,047,749
91$368,356,622$78,822,732$49,307,108$341,979,874
92$405,868,490$82,624,539$50,898,389$376,034,143
93$447,204,663$86,610,728$52,541,072$413,527,594
94$492,755,160$90,790,275$54,236,819$454,809,539
95$542,949,779$95,172,592$55,987,345$500,264,853
96$598,262,158$99,767,550$57,794,422$550,317,600
97$659,214,241$104,585,503$59,659,879$605,435,024
98$726,381,212$109,637,311$61,585,603$666,131,954
99$800,396,917$114,934,361$63,573,543$732,975,651
100$881,959,857$120,488,599$65,625,710$806,591,153