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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,482,388
2 years$764,470$750,232$736,434$723,055$710,078$701,224
3 years$504,584$490,285$476,521$463,268$450,503$441,845
4 years$374,667$360,411$346,785$333,759$321,302$312,907
5 years$296,736$282,567$269,120$256,359$244,249$236,142
6 years$244,800$230,737$217,489$205,012$193,266$185,457
7 years$207,717$193,773$180,734$168,552$157,177$149,670
8 years$179,918$166,099$153,277$141,394$130,393$123,188
9 years$158,307$144,619$132,017$120,436$109,810$102,906
10 years$141,029$127,475$115,096$103,817$93,564$86,956
11 years$126,902$113,483$101,328$90,352$80,468$74,153
12 years$115,137$101,856$89,926$79,251$69,732$63,704
13 years$105,190$92,048$80,343$69,967$60,807$55,061
14 years$96,672$83,669$72,189$62,109$53,303$47,832
15 years$89,296$76,434$65,177$55,390$46,933$41,728
16 years$82,848$70,126$59,092$49,596$41,479$36,535
17 years$77,165$64,584$53,772$44,561$36,778$32,086
18 years$72,119$59,678$49,087$40,159$32,702$28,254
19 years$67,609$55,309$44,936$36,287$29,148$24,936
20 years$63,555$51,396$41,240$32,865$26,035$22,051
21 years$59,893$47,873$37,933$29,827$23,299$19,534
22 years$56,567$44,688$34,961$27,119$20,884$17,330
23 years$53,535$41,796$32,281$24,698$18,747$15,395
24 years$50,760$39,160$29,854$22,526$16,850$13,692
25 years$48,211$36,750$27,651$20,572$15,162$12,189
26 years$45,862$34,539$25,645$18,810$13,658$10,862
27 years$43,691$32,505$23,813$17,217$12,314$9,687
28 years$41,678$30,629$22,138$15,775$11,111$8,645
29 years$39,808$28,895$20,601$14,466$10,033$7,720
30 years$38,065$27,288$19,189$13,276$9,065$6,897
31 years$36,438$25,797$17,889$12,193$8,196$6,166
32 years$34,916$24,409$16,691$11,206$7,414$5,514
33 years$33,489$23,116$15,585$10,305$6,709$4,933
34 years$32,149$21,908$14,561$9,481$6,075$4,415
35 years$30,888$20,780$13,614$8,728$5,502$3,953
36 years$29,700$19,723$12,735$8,038$4,985$3,540
37 years$28,579$18,732$11,920$7,406$4,518$3,171
38 years$27,519$17,802$11,163$6,826$4,096$2,841
39 years$26,516$16,928$10,458$6,294$3,714$2,546
40 years$25,566$16,106$9,802$5,806$3,369$2,282
41 years$24,664$15,331$9,192$5,356$3,057$2,045
42 years$23,808$14,601$8,622$4,943$2,774$1,834
43 years$22,993$13,912$8,091$4,563$2,517$1,644
44 years$22,218$13,261$7,594$4,213$2,285$1,475
45 years$21,480$12,645$7,131$3,891$2,074$1,323
46 years$20,775$12,063$6,698$3,594$1,883$1,186
47 years$20,103$11,512$6,292$3,321$1,710$1,064
48 years$19,460$10,990$5,913$3,068$1,553$955
49 years$18,846$10,495$5,558$2,836$1,410$856
50 years$18,258$10,025$5,225$2,621$1,281$768

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 $4,390 every year, while hoping to spend $30,072 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: 87/8/5 Blend
60$18,700,000$18,700,000$18,700,000$18,700,000
61$20,611,928$19,620,828$19,330,978$22,406,561
62$22,682,349$20,550,252$19,946,570$24,504,809
63$24,962,944$21,524,211$20,581,776$26,805,961
64$27,475,120$22,544,853$21,237,221$29,334,106
65$30,242,466$23,614,435$21,913,552$32,112,081
66$33,290,975$24,735,319$22,611,433$35,165,041
67$36,649,291$25,909,987$23,331,553$38,520,690
68$40,348,979$27,141,036$24,074,619$42,209,547
69$44,424,820$28,431,192$24,841,365$46,265,225
70$48,915,145$29,783,314$25,632,544$50,724,752
71$53,862,192$31,200,398$26,448,936$55,628,914
72$59,312,504$32,685,586$27,291,344$61,022,641
73$65,317,375$34,242,175$28,160,599$66,955,428
74$71,933,324$35,873,619$29,057,556$73,481,798
75$79,222,638$37,583,541$29,983,099$80,661,816
76$87,253,953$39,375,741$30,938,140$88,561,655
77$96,102,907$41,254,203$31,923,618$97,254,213
78$105,852,849$43,223,104$32,940,505$106,819,802
79$116,595,630$45,286,826$33,989,802$117,346,902
80$128,432,467$47,449,964$35,072,543$128,932,993
81$141,474,900$49,717,333$36,189,794$141,685,473
82$155,845,844$52,093,987$37,342,657$155,722,666
83$171,680,750$54,585,222$38,532,266$171,174,939
84$189,128,884$57,196,595$39,759,794$188,185,924
85$208,354,733$59,933,931$41,026,450$206,913,874
86$229,539,562$62,803,340$42,333,482$227,533,153
87$252,883,122$65,811,228$43,682,178$250,235,873
88$278,605,537$68,964,315$45,073,867$275,233,710
89$306,949,380$72,269,645$46,509,920$302,759,891
90$338,181,967$75,734,607$47,991,753$333,071,394
91$372,597,876$79,366,951$49,520,825$366,451,370
92$410,521,730$83,174,803$51,098,643$403,211,808
93$452,311,261$87,166,683$52,726,763$443,696,476
94$498,360,689$91,351,529$54,406,788$488,284,161
95$549,104,439$95,738,714$56,140,376$537,392,236
96$605,021,247$100,338,067$57,929,234$591,480,598
97$666,638,676$105,159,894$59,775,125$651,055,999
98$734,538,099$110,215,007$61,679,870$716,676,826
99$809,360,185$115,514,741$63,645,345$788,958,363
100$891,810,948$121,070,988$65,673,488$868,578,592