Can I retire at age 61 with 18,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,449,584
2 years$756,293$742,208$728,557$715,322$702,484$676,743
3 years$499,187$485,041$471,425$458,314$445,685$420,637
4 years$370,659$356,557$343,077$330,189$317,866$293,704
5 years$293,563$279,545$266,242$253,617$241,637$218,430
6 years$242,182$228,269$215,163$202,820$191,199$168,974
7 years$205,496$191,700$178,801$166,749$155,496$134,259
8 years$177,994$164,322$151,638$139,882$128,999$108,745
9 years$156,614$143,072$130,605$119,148$108,636$89,354
10 years$139,521$126,111$113,865$102,707$92,563$74,236
11 years$125,544$112,269$100,245$89,386$79,607$62,216
12 years$113,906$100,767$88,965$78,403$68,986$52,506
13 years$104,065$91,064$79,484$69,218$60,157$44,564
14 years$95,638$82,775$71,417$61,444$52,733$38,000
15 years$88,341$75,616$64,480$54,798$46,431$32,528
16 years$81,962$69,376$58,460$49,065$41,036$27,935
17 years$76,340$63,893$53,197$44,085$36,385$24,055
18 years$71,347$59,040$48,562$39,729$32,352$20,762
19 years$66,886$54,718$44,456$35,899$28,836$17,955
20 years$62,876$50,846$40,799$32,513$25,757$15,554
21 years$59,252$47,361$37,528$29,508$23,049$13,493
22 years$55,962$44,210$34,587$26,829$20,660$11,720
23 years$52,963$41,349$31,935$24,434$18,546$10,191
24 years$50,218$38,741$29,535$22,285$16,670$8,869
25 years$47,696$36,357$27,355$20,352$15,000$7,725
26 years$45,372$34,169$25,371$18,609$13,512$6,733
27 years$43,224$32,157$23,559$17,033$12,182$5,872
28 years$41,232$30,302$21,901$15,606$10,992$5,123
29 years$39,382$28,586$20,381$14,311$9,925$4,472
30 years$37,658$26,997$18,984$13,134$8,968$3,906
31 years$36,048$25,521$17,698$12,063$8,108$3,412
32 years$34,543$24,148$16,513$11,086$7,334$2,982
33 years$33,131$22,868$15,418$10,194$6,638$2,606
34 years$31,805$21,674$14,406$9,380$6,010$2,279
35 years$30,558$20,557$13,468$8,635$5,443$1,993
36 years$29,382$19,512$12,599$7,952$4,932$1,743
37 years$28,273$18,532$11,793$7,327$4,470$1,524
38 years$27,225$17,612$11,043$6,753$4,052$1,334
39 years$26,233$16,747$10,346$6,227$3,675$1,167
40 years$25,292$15,934$9,698$5,743$3,333$1,021
41 years$24,400$15,167$9,093$5,299$3,024$894
42 years$23,553$14,445$8,530$4,890$2,744$782
43 years$22,748$13,763$8,004$4,514$2,490$684
44 years$21,981$13,119$7,513$4,168$2,260$599
45 years$21,250$12,510$7,055$3,850$2,052$524
46 years$20,553$11,934$6,626$3,556$1,863$459
47 years$19,888$11,389$6,225$3,285$1,692$402
48 years$19,252$10,872$5,850$3,036$1,536$352
49 years$18,644$10,382$5,498$2,805$1,395$308
50 years$18,062$9,918$5,169$2,593$1,267$270

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,500,000, adding $4,386 every year, while hoping to spend $32,959 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: 73/14/13 Blend
60$18,500,000$18,500,000$18,500,000$18,500,000
61$20,391,524$19,411,024$19,124,274$21,823,923
62$22,436,392$20,327,096$19,729,869$23,688,228
63$24,688,731$21,286,951$20,354,647$25,725,146
64$27,169,669$22,292,700$20,999,216$27,955,364
65$29,902,488$23,346,554$21,664,202$30,398,021
66$32,912,842$24,450,836$22,350,253$33,074,184
67$36,229,001$25,607,976$23,058,036$36,007,040
68$39,882,119$26,820,527$23,788,239$39,222,120
69$43,906,524$28,091,161$24,541,574$42,747,526
70$48,340,046$29,422,685$25,318,774$46,614,203
71$53,224,371$30,818,037$26,120,594$50,856,219
72$58,605,438$32,280,302$26,947,814$55,511,086
73$64,533,866$33,812,711$27,801,240$60,620,110
74$71,065,441$35,418,654$28,681,702$66,228,778
75$78,261,634$37,101,686$29,590,057$72,387,176
76$86,190,185$38,865,533$30,527,188$79,150,467
77$94,925,743$40,714,103$31,494,008$86,579,398
78$104,550,570$42,651,494$32,491,458$94,740,874
79$115,155,314$44,682,004$33,520,507$103,708,581
80$126,839,870$46,810,136$34,582,159$113,563,675
81$139,714,321$49,040,617$35,677,445$124,395,546
82$153,899,974$51,378,399$36,807,432$136,302,654
83$169,530,510$53,828,680$37,973,220$149,393,448
84$186,753,242$56,396,905$39,175,942$163,787,390
85$205,730,506$59,088,787$40,416,771$179,616,069
86$226,641,198$61,910,318$41,696,912$197,024,441
87$249,682,455$64,867,778$43,017,614$216,172,185
88$275,071,521$67,967,755$44,380,160$237,235,206
89$303,047,799$71,217,157$45,785,877$260,407,287
90$333,875,104$74,623,228$47,236,134$285,901,904
91$367,844,162$78,193,563$48,732,342$313,954,240
92$405,275,349$81,936,130$50,275,957$344,823,391
93$446,521,715$85,859,282$51,868,483$378,794,801
94$491,972,322$89,971,778$53,511,469$416,182,949
95$542,055,911$94,282,807$55,206,515$457,334,303
96$597,244,952$98,802,003$56,955,271$502,630,586
97$658,060,104$103,539,468$58,759,440$552,492,358
98$725,075,130$108,505,798$60,620,777$607,382,982
99$798,922,316$113,712,105$62,541,096$667,812,980
100$880,298,435$119,170,040$64,522,265$734,344,843