Can I retire at age 61 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,455,707
2 years$764,470$750,232$736,434$723,055$710,078$674,563
3 years$504,584$490,285$476,521$463,268$450,503$416,039
4 years$374,667$360,411$346,785$333,759$321,302$288,156
5 years$296,736$282,567$269,120$256,359$244,249$212,512
6 years$244,800$230,737$217,489$205,012$193,266$162,971
7 years$207,717$193,773$180,734$168,552$157,177$128,329
8 years$179,918$166,099$153,277$141,394$130,393$102,980
9 years$158,307$144,619$132,017$120,436$109,810$83,809
10 years$141,029$127,475$115,096$103,817$93,564$68,946
11 years$126,902$113,483$101,328$90,352$80,468$57,199
12 years$115,137$101,856$89,926$79,251$69,732$47,774
13 years$105,190$92,048$80,343$69,967$60,807$40,119
14 years$96,672$83,669$72,189$62,109$53,303$33,839
15 years$89,296$76,434$65,177$55,390$46,933$28,647
16 years$82,848$70,126$59,092$49,596$41,479$24,325
17 years$77,165$64,584$53,772$44,561$36,778$20,707
18 years$72,119$59,678$49,087$40,159$32,702$17,665
19 years$67,609$55,309$44,936$36,287$29,148$15,097
20 years$63,555$51,396$41,240$32,865$26,035$12,921
21 years$59,893$47,873$37,933$29,827$23,299$11,073
22 years$56,567$44,688$34,961$27,119$20,884$9,500
23 years$53,535$41,796$32,281$24,698$18,747$8,158
24 years$50,760$39,160$29,854$22,526$16,850$7,011
25 years$48,211$36,750$27,651$20,572$15,162$6,029
26 years$45,862$34,539$25,645$18,810$13,658$5,188
27 years$43,691$32,505$23,813$17,217$12,314$4,466
28 years$41,678$30,629$22,138$15,775$11,111$3,847
29 years$39,808$28,895$20,601$14,466$10,033$3,314
30 years$38,065$27,288$19,189$13,276$9,065$2,857
31 years$36,438$25,797$17,889$12,193$8,196$2,463
32 years$34,916$24,409$16,691$11,206$7,414$2,123
33 years$33,489$23,116$15,585$10,305$6,709$1,831
34 years$32,149$21,908$14,561$9,481$6,075$1,580
35 years$30,888$20,780$13,614$8,728$5,502$1,363
36 years$29,700$19,723$12,735$8,038$4,985$1,176
37 years$28,579$18,732$11,920$7,406$4,518$1,015
38 years$27,519$17,802$11,163$6,826$4,096$876
39 years$26,516$16,928$10,458$6,294$3,714$756
40 years$25,566$16,106$9,802$5,806$3,369$653
41 years$24,664$15,331$9,192$5,356$3,057$563
42 years$23,808$14,601$8,622$4,943$2,774$486
43 years$22,993$13,912$8,091$4,563$2,517$420
44 years$22,218$13,261$7,594$4,213$2,285$362
45 years$21,480$12,645$7,131$3,891$2,074$313
46 years$20,775$12,063$6,698$3,594$1,883$270
47 years$20,103$11,512$6,292$3,321$1,710$233
48 years$19,460$10,990$5,913$3,068$1,553$201
49 years$18,846$10,495$5,558$2,836$1,410$174
50 years$18,258$10,025$5,225$2,621$1,281$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,700,000, adding $4,884 every year, while hoping to spend $28,784 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: 60/34/6 Blend
60$18,700,000$18,700,000$18,700,000$18,700,000
61$20,612,438$19,621,338$19,331,488$21,825,433
62$22,684,281$20,552,157$19,948,467$23,568,429
63$24,966,486$21,527,622$20,585,150$25,464,891
64$27,480,482$22,549,890$21,242,166$27,532,568
65$30,249,879$23,621,223$21,920,167$29,787,920
66$33,300,696$24,743,992$22,619,821$32,249,036
67$36,661,604$25,920,684$23,341,822$34,935,806
68$40,364,198$27,153,908$24,086,884$37,870,094
69$44,443,294$28,446,398$24,855,742$41,075,942
70$48,937,260$29,801,021$25,649,159$44,579,788
71$53,888,374$31,220,784$26,467,920$48,410,707
72$59,343,226$32,708,840$27,312,833$52,600,680
73$65,353,157$34,268,496$28,184,735$57,184,885
74$71,974,745$35,903,218$29,084,489$62,202,021
75$79,270,334$37,616,641$30,012,985$67,694,662
76$87,308,631$39,412,579$30,971,143$73,709,653
77$96,165,344$41,295,028$31,959,909$80,298,539
78$105,923,905$43,268,181$32,980,262$87,518,039
79$116,676,256$45,336,434$34,033,213$95,430,576
80$128,523,711$47,504,396$35,119,803$104,104,850
81$141,577,921$49,776,903$36,241,108$113,616,473
82$155,961,922$52,159,024$37,398,238$124,048,674
83$171,811,297$54,656,075$38,592,338$135,493,068
84$189,275,457$57,273,631$39,824,589$148,050,508
85$208,519,054$60,017,539$41,096,213$161,832,022
86$229,723,528$62,893,929$42,408,467$176,959,844
87$253,088,828$65,909,232$43,762,651$193,568,553
88$278,835,294$69,070,190$45,160,105$211,806,327
89$307,205,739$72,383,874$46,602,213$231,836,321
90$338,467,740$75,857,699$48,090,403$253,838,192
91$372,916,167$79,499,444$49,626,149$278,009,771
92$410,875,961$83,317,262$51,210,970$304,568,915
93$452,705,209$87,319,707$52,846,437$333,755,536
94$498,798,516$91,515,749$54,534,169$365,833,849
95$549,590,738$95,914,794$56,275,837$401,094,838
96$605,561,083$100,526,708$58,073,166$439,858,982
97$667,237,633$105,361,837$59,927,937$482,479,249
98$735,202,335$110,431,030$61,841,986$529,344,407
99$810,096,490$115,745,667$63,817,210$580,882,660
100$892,626,809$121,317,683$65,855,564$637,565,663