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%17.6%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,445,167
2 years$764,470$750,232$736,434$723,055$710,078$664,139
3 years$504,584$490,285$476,521$463,268$450,503$406,063
4 years$374,667$360,411$346,785$333,759$321,302$278,702
5 years$296,736$282,567$269,120$256,359$244,249$203,603
6 years$244,800$230,737$217,489$205,012$193,266$154,609
7 years$207,717$193,773$180,734$168,552$157,177$120,508
8 years$179,918$166,099$153,277$141,394$130,393$95,688
9 years$158,307$144,619$132,017$120,436$109,810$77,030
10 years$141,029$127,475$115,096$103,817$93,564$62,662
11 years$126,902$113,483$101,328$90,352$80,468$51,389
12 years$115,137$101,856$89,926$79,251$69,732$42,416
13 years$105,190$92,048$80,343$69,967$60,807$35,189
14 years$96,672$83,669$72,189$62,109$53,303$29,316
15 years$89,296$76,434$65,177$55,390$46,933$24,506
16 years$82,848$70,126$59,092$49,596$41,479$20,542
17 years$77,165$64,584$53,772$44,561$36,778$17,259
18 years$72,119$59,678$49,087$40,159$32,702$14,529
19 years$67,609$55,309$44,936$36,287$29,148$12,250
20 years$63,555$51,396$41,240$32,865$26,035$10,342
21 years$59,893$47,873$37,933$29,827$23,299$8,741
22 years$56,567$44,688$34,961$27,119$20,884$7,395
23 years$53,535$41,796$32,281$24,698$18,747$6,261
24 years$50,760$39,160$29,854$22,526$16,850$5,304
25 years$48,211$36,750$27,651$20,572$15,162$4,496
26 years$45,862$34,539$25,645$18,810$13,658$3,813
27 years$43,691$32,505$23,813$17,217$12,314$3,235
28 years$41,678$30,629$22,138$15,775$11,111$2,746
29 years$39,808$28,895$20,601$14,466$10,033$2,331
30 years$38,065$27,288$19,189$13,276$9,065$1,980
31 years$36,438$25,797$17,889$12,193$8,196$1,681
32 years$34,916$24,409$16,691$11,206$7,414$1,428
33 years$33,489$23,116$15,585$10,305$6,709$1,214
34 years$32,149$21,908$14,561$9,481$6,075$1,031
35 years$30,888$20,780$13,614$8,728$5,502$876
36 years$29,700$19,723$12,735$8,038$4,985$745
37 years$28,579$18,732$11,920$7,406$4,518$633
38 years$27,519$17,802$11,163$6,826$4,096$538
39 years$26,516$16,928$10,458$6,294$3,714$457
40 years$25,566$16,106$9,802$5,806$3,369$389
41 years$24,664$15,331$9,192$5,356$3,057$331
42 years$23,808$14,601$8,622$4,943$2,774$281
43 years$22,993$13,912$8,091$4,563$2,517$239
44 years$22,218$13,261$7,594$4,213$2,285$203
45 years$21,480$12,645$7,131$3,891$2,074$173
46 years$20,775$12,063$6,698$3,594$1,883$147
47 years$20,103$11,512$6,292$3,321$1,710$125
48 years$19,460$10,990$5,913$3,068$1,553$106
49 years$18,846$10,495$5,558$2,836$1,410$90
50 years$18,258$10,025$5,225$2,621$1,281$77

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 $2,261 every year, while hoping to spend $23,476 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: 77/14/9 Blend
60$18,700,000$18,700,000$18,700,000$18,700,000
61$20,609,732$19,618,632$19,328,782$22,167,035
62$22,686,947$20,554,967$19,951,318$24,127,464
63$24,975,250$21,536,395$20,593,922$26,273,155
64$27,496,149$22,565,102$21,257,242$28,625,085
65$30,273,342$23,643,378$21,941,946$31,203,762
66$33,332,946$24,773,626$22,648,723$34,031,764
67$36,703,738$25,958,366$23,378,288$37,133,946
68$40,417,432$27,200,239$24,131,373$40,537,675
69$44,508,976$28,502,016$24,908,740$44,273,083
70$49,016,879$29,866,602$25,711,170$48,373,347
71$53,983,580$31,297,045$26,539,474$52,875,000
72$59,455,844$32,796,539$27,394,485$57,818,272
73$65,485,207$34,368,436$28,277,067$63,247,464
74$72,128,458$36,016,249$29,188,108$69,211,364
75$79,448,178$37,743,663$30,128,528$75,763,702
76$87,513,333$39,554,543$31,099,274$82,963,652
77$96,399,919$41,452,942$32,101,325$90,876,387
78$106,191,683$43,443,109$33,135,693$99,573,690
79$116,980,916$45,529,502$34,203,419$109,134,621
80$128,869,317$47,716,795$35,305,581$119,646,266
81$141,968,959$50,009,890$36,443,290$131,204,547
82$156,403,347$52,413,929$37,617,695$143,915,122
83$172,308,580$54,934,303$38,829,979$157,894,380
84$189,834,637$57,576,665$40,081,365$173,270,529
85$209,146,795$60,346,947$41,373,116$190,184,801
86$230,427,188$63,251,367$42,706,535$208,792,779
87$253,876,524$66,296,447$44,082,967$229,265,855
88$279,715,984$69,489,028$45,503,801$251,792,843
89$308,189,307$72,836,283$46,970,471$276,581,752
90$339,565,092$76,345,736$48,484,457$303,861,742
91$374,139,331$80,025,277$50,047,286$333,885,277
92$412,238,208$83,883,181$51,660,535$366,930,497
93$454,221,176$87,928,127$53,325,834$403,303,840
94$500,484,348$92,169,218$55,044,862$443,342,916
95$551,464,242$96,616,000$56,819,355$487,419,692
96$607,641,895$101,278,484$58,651,104$535,943,984
97$669,547,410$106,167,172$60,541,958$589,367,320
98$737,764,958$111,293,076$62,493,825$648,187,187
99$812,938,293$116,667,745$64,508,678$712,951,717
100$895,776,830$122,303,295$66,588,549$784,264,843