Can I retire at age 61 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,438,594
2 years$760,381$746,220$732,495$719,188$706,281$661,727
3 years$501,886$487,663$473,973$460,791$448,094$404,978
4 years$372,663$358,484$344,931$331,974$319,584$278,238
5 years$295,150$281,056$267,681$254,988$242,943$203,478
6 years$243,491$229,503$216,326$203,916$192,232$154,684
7 years$206,606$192,736$179,768$167,650$156,336$120,703
8 years$178,956$165,211$152,457$140,638$129,696$95,956
9 years$157,461$143,846$131,311$119,792$109,223$77,340
10 years$140,275$126,793$114,480$103,262$93,063$62,993
11 years$126,223$112,876$100,787$89,869$80,038$51,727
12 years$114,521$101,312$89,446$78,827$69,359$42,751
13 years$104,628$91,556$79,914$69,593$60,482$35,516
14 years$96,155$83,222$71,803$61,776$53,018$29,629
15 years$88,818$76,025$64,828$55,094$46,682$24,803
16 years$82,405$69,751$58,776$49,330$41,257$20,821
17 years$76,752$64,238$53,484$44,323$36,582$17,519
18 years$71,733$59,359$48,824$39,944$32,527$14,769
19 years$67,248$55,013$44,696$36,093$28,992$12,471
20 years$63,216$51,121$41,020$32,689$25,896$10,545
21 years$59,572$47,617$37,730$29,667$23,174$8,926
22 years$56,265$44,449$34,774$26,974$20,772$7,563
23 years$53,249$41,572$32,108$24,566$18,646$6,414
24 years$50,489$38,951$29,694$22,406$16,760$5,442
25 years$47,954$36,553$27,503$20,462$15,081$4,621
26 years$45,617$34,354$25,508$18,710$13,585$3,925
27 years$43,457$32,331$23,686$17,125$12,248$3,336
28 years$41,455$30,466$22,019$15,690$11,051$2,836
29 years$39,595$28,741$20,491$14,388$9,979$2,411
30 years$37,862$27,143$19,086$13,205$9,017$2,051
31 years$36,243$25,659$17,794$12,128$8,152$1,745
32 years$34,729$24,278$16,602$11,146$7,374$1,485
33 years$33,310$22,992$15,501$10,249$6,673$1,264
34 years$31,977$21,791$14,483$9,430$6,042$1,076
35 years$30,723$20,669$13,541$8,681$5,473$916
36 years$29,541$19,618$12,667$7,995$4,958$779
37 years$28,426$18,632$11,856$7,366$4,494$664
38 years$27,372$17,707$11,103$6,790$4,074$565
39 years$26,374$16,838$10,402$6,261$3,695$481
40 years$25,429$16,020$9,750$5,774$3,351$410
41 years$24,532$15,249$9,142$5,328$3,040$349
42 years$23,681$14,523$8,576$4,917$2,759$297
43 years$22,871$13,837$8,047$4,539$2,504$253
44 years$22,099$13,190$7,554$4,191$2,273$216
45 years$21,365$12,578$7,093$3,870$2,063$184
46 years$20,664$11,999$6,662$3,575$1,873$156
47 years$19,995$11,450$6,259$3,303$1,701$133
48 years$19,356$10,931$5,881$3,052$1,545$113
49 years$18,745$10,439$5,528$2,821$1,403$97
50 years$18,160$9,971$5,197$2,607$1,274$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,600,000, adding $2,603 every year, while hoping to spend $57,161 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: 26/49/25 Blend
60$18,600,000$18,600,000$18,600,000$18,600,000
61$20,499,885$19,514,085$19,225,785$20,871,366
62$22,530,054$20,409,456$19,809,030$22,067,716
63$24,765,385$21,346,785$20,409,898$23,345,342
64$27,226,744$22,328,067$21,028,919$24,715,015
65$29,937,122$23,355,393$21,666,638$26,184,539
66$32,921,857$24,430,955$22,323,619$27,762,447
67$36,208,866$25,557,051$23,000,439$29,458,066
68$39,828,913$26,736,089$23,697,696$31,281,605
69$43,815,896$27,970,592$24,416,004$33,244,231
70$48,207,172$29,263,205$25,155,994$35,358,171
71$53,043,903$30,616,702$25,918,319$37,636,811
72$58,371,447$32,033,986$26,703,649$40,094,817
73$64,239,789$33,518,106$27,512,675$42,748,252
74$70,704,006$35,072,252$28,346,109$45,614,724
75$77,824,795$36,699,772$29,204,684$48,713,532
76$85,669,036$38,404,173$30,089,153$52,065,837
77$94,310,433$40,189,133$31,000,295$55,694,847
78$103,830,202$42,058,505$31,938,909$59,626,022
79$114,317,840$44,016,330$32,905,820$63,887,292
80$125,871,972$46,066,842$33,901,877$68,509,313
81$138,601,277$48,214,481$34,927,954$73,525,731
82$152,625,517$50,463,901$35,984,951$78,973,486
83$168,076,668$52,819,980$37,073,795$84,893,138
84$185,100,161$55,287,832$38,195,440$91,329,232
85$203,856,261$57,872,819$39,350,871$98,330,696
86$224,521,573$60,580,561$40,541,098$105,951,283
87$247,290,714$63,416,949$41,767,166$114,250,052
88$272,378,148$66,388,160$43,030,147$123,291,903
89$300,020,209$69,500,670$44,331,146$133,148,166
90$330,477,334$72,761,267$45,671,304$143,897,245
91$364,036,521$76,177,067$47,051,791$155,625,331
92$401,014,035$79,755,533$48,473,815$168,427,188
93$441,758,398$83,504,485$49,938,619$182,407,017
94$486,653,675$87,432,126$51,447,483$197,679,406
95$536,123,102$91,547,052$53,001,726$214,370,382
96$590,633,079$95,858,278$54,602,705$232,618,561
97$650,697,575$100,375,256$56,251,817$252,576,425
98$716,882,977$105,107,892$57,950,502$274,411,721
99$789,813,439$110,066,577$59,700,242$298,309,004
100$870,176,772$115,262,202$61,502,563$324,471,340