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%14.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,462,253
2 years$764,470$750,232$736,434$723,055$710,078$681,068
3 years$504,584$490,285$476,521$463,268$450,503$422,298
4 years$374,667$360,411$346,785$333,759$321,302$294,120
5 years$296,736$282,567$269,120$256,359$244,249$218,167
6 years$244,800$230,737$217,489$205,012$193,266$168,313
7 years$207,717$193,773$180,734$168,552$157,177$133,359
8 years$179,918$166,099$153,277$141,394$130,393$107,704
9 years$158,307$144,619$132,017$120,436$109,810$88,234
10 years$141,029$127,475$115,096$103,817$93,564$73,082
11 years$126,902$113,483$101,328$90,352$80,468$61,055
12 years$115,137$101,856$89,926$79,251$69,732$51,360
13 years$105,190$92,048$80,343$69,967$60,807$43,448
14 years$96,672$83,669$72,189$62,109$53,303$36,923
15 years$89,296$76,434$65,177$55,390$46,933$31,497
16 years$82,848$70,126$59,092$49,596$41,479$26,955
17 years$77,165$64,584$53,772$44,561$36,778$23,128
18 years$72,119$59,678$49,087$40,159$32,702$19,890
19 years$67,609$55,309$44,936$36,287$29,148$17,138
20 years$63,555$51,396$41,240$32,865$26,035$14,790
21 years$59,893$47,873$37,933$29,827$23,299$12,782
22 years$56,567$44,688$34,961$27,119$20,884$11,059
23 years$53,535$41,796$32,281$24,698$18,747$9,579
24 years$50,760$39,160$29,854$22,526$16,850$8,304
25 years$48,211$36,750$27,651$20,572$15,162$7,204
26 years$45,862$34,539$25,645$18,810$13,658$6,254
27 years$43,691$32,505$23,813$17,217$12,314$5,432
28 years$41,678$30,629$22,138$15,775$11,111$4,721
29 years$39,808$28,895$20,601$14,466$10,033$4,104
30 years$38,065$27,288$19,189$13,276$9,065$3,569
31 years$36,438$25,797$17,889$12,193$8,196$3,105
32 years$34,916$24,409$16,691$11,206$7,414$2,702
33 years$33,489$23,116$15,585$10,305$6,709$2,352
34 years$32,149$21,908$14,561$9,481$6,075$2,048
35 years$30,888$20,780$13,614$8,728$5,502$1,783
36 years$29,700$19,723$12,735$8,038$4,985$1,553
37 years$28,579$18,732$11,920$7,406$4,518$1,353
38 years$27,519$17,802$11,163$6,826$4,096$1,178
39 years$26,516$16,928$10,458$6,294$3,714$1,027
40 years$25,566$16,106$9,802$5,806$3,369$895
41 years$24,664$15,331$9,192$5,356$3,057$779
42 years$23,808$14,601$8,622$4,943$2,774$679
43 years$22,993$13,912$8,091$4,563$2,517$592
44 years$22,218$13,261$7,594$4,213$2,285$516
45 years$21,480$12,645$7,131$3,891$2,074$450
46 years$20,775$12,063$6,698$3,594$1,883$392
47 years$20,103$11,512$6,292$3,321$1,710$342
48 years$19,460$10,990$5,913$3,068$1,553$298
49 years$18,846$10,495$5,558$2,836$1,410$260
50 years$18,258$10,025$5,225$2,621$1,281$226

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 $3,229 every year, while hoping to spend $32,672 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: 65/24/11 Blend
60$18,700,000$18,700,000$18,700,000$18,700,000
61$20,610,731$19,619,631$19,329,781$21,900,138
62$22,678,262$20,546,230$19,942,566$23,687,171
63$24,955,587$21,517,137$20,574,784$25,634,817
64$27,464,070$22,534,490$21,227,052$27,762,017
65$30,227,253$23,600,527$21,900,006$30,086,271
66$33,271,078$24,717,599$22,594,302$32,626,826
67$36,624,135$25,888,168$23,310,617$35,404,858
68$40,317,924$27,114,815$24,049,650$38,443,662
69$44,387,160$28,400,250$24,812,122$41,768,867
70$48,870,099$29,747,310$25,598,776$45,408,673
71$53,808,893$31,158,972$26,410,379$49,394,114
72$59,249,997$32,638,359$27,247,724$53,759,339
73$65,244,601$34,188,742$28,111,626$58,541,933
74$71,849,114$35,813,554$29,002,929$63,783,261
75$79,125,698$37,516,393$29,922,502$69,528,857
76$87,142,855$39,301,032$30,871,242$75,828,839
77$95,976,072$41,171,428$31,850,074$82,738,380
78$105,708,533$43,131,730$32,859,953$90,318,218
79$116,431,907$45,186,288$33,901,865$98,635,223
80$128,247,209$47,339,664$34,976,826$107,763,016
81$141,265,759$49,596,642$36,085,884$117,782,660
82$155,610,227$51,962,238$37,230,121$128,783,409
83$171,415,794$54,441,712$38,410,654$140,863,544
84$188,831,429$57,040,580$39,628,635$154,131,292
85$208,021,292$59,764,626$40,885,252$168,705,833
86$229,166,287$62,619,915$42,181,731$184,718,413
87$252,465,766$65,612,809$43,519,336$202,313,575
88$278,139,414$68,749,977$44,899,374$221,650,506
89$306,429,321$72,038,413$46,323,191$242,904,531
90$337,602,270$75,485,453$47,792,175$266,268,749
91$371,952,249$79,098,788$49,307,761$291,955,845
92$409,803,235$82,886,485$50,871,427$320,200,082
93$451,512,245$86,857,002$52,484,700$351,259,495
94$497,472,710$91,019,211$54,149,153$385,418,311
95$548,118,188$95,382,414$55,866,411$422,989,615
96$603,926,457$99,956,367$57,638,151$464,318,286
97$665,424,027$104,751,300$59,466,100$509,784,235
98$733,191,106$109,777,943$61,352,043$559,805,970
99$807,867,084$115,047,546$63,297,821$614,844,527
100$890,156,561$120,571,911$65,305,333$675,407,800