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%14.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,457,420
2 years$760,381$746,220$732,495$719,188$706,281$680,401
3 years$501,886$487,663$473,973$460,791$448,094$422,911
4 years$372,663$358,484$344,931$331,974$319,584$295,292
5 years$295,150$281,056$267,681$254,988$242,943$219,611
6 years$243,491$229,503$216,326$203,916$192,232$169,888
7 years$206,606$192,736$179,768$167,650$156,336$134,985
8 years$178,956$165,211$152,457$140,638$129,696$109,333
9 years$157,461$143,846$131,311$119,792$109,223$89,837
10 years$140,275$126,793$114,480$103,262$93,063$74,638
11 years$126,223$112,876$100,787$89,869$80,038$62,552
12 years$114,521$101,312$89,446$78,827$69,359$52,790
13 years$104,628$91,556$79,914$69,593$60,482$44,805
14 years$96,155$83,222$71,803$61,776$53,018$38,205
15 years$88,818$76,025$64,828$55,094$46,682$32,704
16 years$82,405$69,751$58,776$49,330$41,257$28,086
17 years$76,752$64,238$53,484$44,323$36,582$24,185
18 years$71,733$59,359$48,824$39,944$32,527$20,875
19 years$67,248$55,013$44,696$36,093$28,992$18,053
20 years$63,216$51,121$41,020$32,689$25,896$15,638
21 years$59,572$47,617$37,730$29,667$23,174$13,566
22 years$56,265$44,449$34,774$26,974$20,772$11,783
23 years$53,249$41,572$32,108$24,566$18,646$10,246
24 years$50,489$38,951$29,694$22,406$16,760$8,917
25 years$47,954$36,553$27,503$20,462$15,081$7,766
26 years$45,617$34,354$25,508$18,710$13,585$6,769
27 years$43,457$32,331$23,686$17,125$12,248$5,903
28 years$41,455$30,466$22,019$15,690$11,051$5,151
29 years$39,595$28,741$20,491$14,388$9,979$4,497
30 years$37,862$27,143$19,086$13,205$9,017$3,927
31 years$36,243$25,659$17,794$12,128$8,152$3,431
32 years$34,729$24,278$16,602$11,146$7,374$2,998
33 years$33,310$22,992$15,501$10,249$6,673$2,620
34 years$31,977$21,791$14,483$9,430$6,042$2,291
35 years$30,723$20,669$13,541$8,681$5,473$2,003
36 years$29,541$19,618$12,667$7,995$4,958$1,752
37 years$28,426$18,632$11,856$7,366$4,494$1,533
38 years$27,372$17,707$11,103$6,790$4,074$1,341
39 years$26,374$16,838$10,402$6,261$3,695$1,173
40 years$25,429$16,020$9,750$5,774$3,351$1,027
41 years$24,532$15,249$9,142$5,328$3,040$898
42 years$23,681$14,523$8,576$4,917$2,759$786
43 years$22,871$13,837$8,047$4,539$2,504$688
44 years$22,099$13,190$7,554$4,191$2,273$602
45 years$21,365$12,578$7,093$3,870$2,063$527
46 years$20,664$11,999$6,662$3,575$1,873$462
47 years$19,995$11,450$6,259$3,303$1,701$404
48 years$19,356$10,931$5,881$3,052$1,545$354
49 years$18,745$10,439$5,528$2,821$1,403$310
50 years$18,160$9,971$5,197$2,607$1,274$271

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 $3,902 every year, while hoping to spend $56,076 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: 57/24/19 Blend
60$18,600,000$18,600,000$18,600,000$18,600,000
61$20,501,225$19,515,425$19,227,125$21,566,070
62$22,532,685$20,412,016$19,811,569$23,187,459
63$24,769,475$21,350,661$20,413,713$24,947,173
64$27,232,479$22,333,361$21,034,090$26,863,657
65$29,944,710$23,362,214$21,673,250$28,952,003
66$32,931,526$24,439,417$22,331,759$31,228,803
67$36,220,869$25,567,276$23,010,200$33,712,305
68$39,843,530$26,748,205$23,709,174$36,422,576
69$43,833,439$27,984,736$24,429,301$39,381,687
70$48,227,984$29,279,522$25,171,216$42,613,916
71$53,068,363$30,635,344$25,935,577$46,145,971
72$58,399,977$32,055,117$26,723,059$50,007,236
73$64,272,853$33,541,895$27,534,360$54,230,042
74$70,742,118$35,098,882$28,370,195$58,849,964
75$77,868,521$36,729,435$29,231,304$63,906,150
76$85,719,005$38,437,072$30,118,447$69,441,686
77$94,367,337$40,225,482$31,032,409$75,503,991
78$103,894,806$42,098,531$31,973,995$82,145,257
79$114,390,990$44,060,273$32,944,037$89,422,936
80$125,954,600$46,114,955$33,943,392$97,400,270
81$138,694,414$48,267,033$34,972,941$106,146,882
82$152,730,301$50,521,175$36,033,591$115,739,420
83$168,194,354$52,882,274$37,126,279$126,262,272
84$185,232,136$55,355,463$38,251,966$137,808,355
85$204,004,053$57,946,120$39,411,646$150,479,975
86$224,686,870$60,659,884$40,606,340$164,389,785
87$247,475,378$63,502,665$41,837,100$179,661,837
88$272,584,233$66,480,662$43,105,009$196,432,738
89$300,249,982$69,600,372$44,411,184$214,852,928
90$330,733,295$72,868,605$45,756,774$235,088,084
91$364,321,427$76,292,503$47,142,962$257,320,675
92$401,330,929$79,879,551$48,570,967$281,751,661
93$442,110,634$83,637,600$50,042,045$308,602,383
94$487,044,954$87,574,878$51,557,489$338,116,631
95$536,557,504$91,700,012$53,118,630$370,562,928
96$591,115,104$96,022,047$54,726,838$406,237,049
97$651,232,185$100,550,467$56,383,527$445,464,794
98$717,475,642$105,295,215$58,090,150$488,605,043
99$790,470,193$110,266,715$59,848,205$536,053,123
100$870,904,267$115,475,899$61,659,234$588,244,521