Can I retire at age 61 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,461,119
2 years$768,558$754,244$740,372$726,922$713,875$675,818
3 years$507,282$492,907$479,070$465,746$452,912$416,007
4 years$376,670$362,339$348,640$335,544$323,021$287,552
5 years$298,323$284,078$270,559$257,730$245,555$211,622
6 years$246,109$231,971$218,652$206,108$194,299$161,935
7 years$208,828$194,809$181,701$169,453$158,017$127,224
8 years$180,880$166,987$154,097$142,150$131,091$101,855
9 years$159,154$145,392$132,723$121,080$110,397$82,694
10 years$141,783$128,156$115,711$104,372$94,064$67,860
11 years$127,580$114,090$101,870$90,835$80,898$56,155
12 years$115,753$102,401$90,407$79,675$70,105$46,779
13 years$105,753$92,541$80,773$70,341$61,133$39,178
14 years$97,189$84,117$72,575$62,441$53,589$32,955
15 years$89,773$76,842$65,525$55,686$47,184$27,821
16 years$83,291$70,501$59,408$49,861$41,701$23,556
17 years$77,577$64,929$54,059$44,800$36,975$19,995
18 years$72,504$59,997$49,349$40,373$32,876$17,007
19 years$67,971$55,605$45,177$36,481$29,303$14,491
20 years$63,895$51,671$41,461$33,040$26,174$12,365
21 years$60,213$48,129$38,136$29,986$23,423$10,564
22 years$56,870$44,927$35,148$27,264$20,996$9,035
23 years$53,822$42,019$32,453$24,830$18,847$7,734
24 years$51,032$39,369$30,014$22,647$16,940$6,626
25 years$48,469$36,946$27,799$20,682$15,243$5,680
26 years$46,108$34,723$25,782$18,911$13,731$4,872
27 years$43,925$32,679$23,941$17,309$12,379$4,181
28 years$41,901$30,793$22,256$15,859$11,170$3,589
29 years$40,021$29,050$20,711$14,543$10,086$3,082
30 years$38,269$27,434$19,292$13,347$9,114$2,648
31 years$36,633$25,935$17,985$12,258$8,240$2,275
32 years$35,103$24,539$16,780$11,266$7,453$1,955
33 years$33,668$23,239$15,668$10,360$6,745$1,681
34 years$32,321$22,026$14,639$9,532$6,107$1,445
35 years$31,053$20,891$13,687$8,775$5,531$1,242
36 years$29,859$19,828$12,804$8,081$5,012$1,068
37 years$28,732$18,833$11,984$7,446$4,542$919
38 years$27,666$17,898$11,222$6,863$4,118$790
39 years$26,658$17,019$10,514$6,328$3,734$680
40 years$25,703$16,192$9,855$5,837$3,387$585
41 years$24,796$15,413$9,241$5,385$3,073$503
42 years$23,935$14,679$8,668$4,970$2,788$433
43 years$23,116$13,986$8,134$4,588$2,531$372
44 years$22,337$13,332$7,635$4,236$2,297$320
45 years$21,594$12,713$7,169$3,912$2,085$276
46 years$20,886$12,128$6,733$3,614$1,893$237
47 years$20,210$11,574$6,326$3,338$1,719$204
48 years$19,564$11,049$5,945$3,085$1,561$176
49 years$18,946$10,551$5,588$2,851$1,418$151
50 years$18,355$10,079$5,253$2,635$1,288$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,800,000, adding $5,304 every year, while hoping to spend $49,422 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: 58/23/19 Blend
60$18,800,000$18,800,000$18,800,000$18,800,000
61$20,723,071$19,726,671$19,435,271$21,820,799
62$22,784,240$20,640,693$20,033,768$23,480,724
63$25,053,991$21,597,846$20,650,658$25,283,653
64$27,553,549$22,600,191$21,286,506$27,248,096
65$30,306,298$23,649,888$21,941,892$29,389,634
66$33,338,011$24,749,203$22,617,415$31,725,404
67$36,677,083$25,900,509$23,313,693$34,274,249
68$40,354,806$27,106,294$24,031,362$37,056,896
69$44,405,661$28,369,168$24,771,078$40,096,142
70$48,867,646$29,691,865$25,533,517$43,417,065
71$53,782,631$31,077,250$26,319,374$47,047,257
72$59,196,754$32,528,330$27,129,368$51,017,072
73$65,160,859$34,048,255$27,964,238$55,359,914
74$71,730,972$35,640,325$28,824,746$60,112,540
75$78,968,834$37,308,004$29,711,678$65,315,399
76$86,942,479$39,054,920$30,625,843$71,013,013
77$95,726,879$40,884,878$31,568,076$77,254,382
78$105,404,650$42,801,866$32,539,235$84,093,442
79$116,066,833$44,810,067$33,540,208$91,589,567
80$127,813,752$46,913,862$34,571,908$99,808,115
81$140,755,963$49,117,849$35,635,274$108,821,045
82$155,015,292$51,426,845$36,731,277$118,707,575
83$170,725,993$53,845,902$37,860,916$129,554,931
84$188,036,009$56,380,315$39,025,221$141,459,151
85$207,108,369$59,035,638$40,225,254$154,525,987
86$228,122,730$61,817,691$41,462,107$168,871,886
87$251,277,069$64,732,578$42,736,907$184,625,082
88$276,789,553$67,786,698$44,050,817$201,926,791
89$304,900,601$70,986,760$45,405,033$220,932,533
90$335,875,149$74,339,798$46,800,788$241,813,583
91$370,005,154$77,853,187$48,239,354$264,758,580
92$407,612,347$81,534,661$49,722,040$289,975,283
93$449,051,274$85,392,327$51,250,196$317,692,525
94$494,712,639$89,434,686$52,825,213$348,162,354
95$545,026,995$93,670,652$54,448,524$381,662,394
96$600,468,805$98,109,571$56,121,607$418,498,449
97$661,560,926$102,761,243$57,845,983$459,007,370
98$728,879,538$107,635,942$59,623,221$503,560,217
99$803,059,590$112,744,442$61,454,938$552,565,740
100$884,800,789$118,098,040$63,342,799$606,474,218