Can I retire at age 61 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,453,061
2 years$772,646$758,256$744,310$730,788$717,673$663,801
3 years$509,981$495,529$481,618$468,223$455,321$403,323
4 years$378,674$364,266$350,494$337,328$324,739$275,012
5 years$299,910$285,589$271,998$259,101$246,861$199,535
6 years$247,418$233,205$219,815$207,205$195,333$150,442
7 years$209,939$195,845$182,667$170,354$158,858$116,393
8 years$181,842$167,875$154,916$142,906$131,788$91,713
9 years$160,000$146,166$133,429$121,724$110,985$73,246
10 years$142,537$128,838$116,327$104,928$94,564$59,098
11 years$128,259$114,697$102,412$91,318$81,329$48,060
12 years$116,368$102,946$90,888$80,099$70,478$39,326
13 years$106,315$93,033$81,203$70,715$61,458$32,339
14 years$97,706$84,564$72,961$62,773$53,874$26,699
15 years$90,251$77,251$65,874$55,982$47,435$22,113
16 years$83,734$70,876$59,724$50,126$41,923$18,363
17 years$77,990$65,274$54,347$45,038$37,172$15,282
18 years$72,890$60,317$49,612$40,588$33,051$12,740
19 years$68,332$55,901$45,417$36,675$29,459$10,636
20 years$64,235$51,946$41,681$33,216$26,314$8,891
21 years$60,533$48,385$38,339$30,146$23,548$7,439
22 years$57,172$45,166$35,335$27,409$21,107$6,230
23 years$54,108$42,243$32,626$24,962$18,947$5,221
24 years$51,303$39,579$30,173$22,767$17,030$4,378
25 years$48,727$37,143$27,947$20,792$15,324$3,673
26 years$46,353$34,908$25,919$19,011$13,804$3,082
27 years$44,158$32,853$24,068$17,402$12,445$2,588
28 years$42,124$30,957$22,374$15,944$11,230$2,173
29 years$40,233$29,204$20,821$14,621$10,140$1,825
30 years$38,472$27,580$19,394$13,418$9,162$1,534
31 years$36,828$26,073$18,081$12,323$8,283$1,289
32 years$35,289$24,670$16,870$11,326$7,493$1,083
33 years$33,847$23,363$15,751$10,415$6,781$910
34 years$32,493$22,143$14,717$9,582$6,140$765
35 years$31,218$21,002$13,759$8,821$5,561$643
36 years$30,018$19,934$12,872$8,124$5,038$541
37 years$28,884$18,933$12,048$7,485$4,566$455
38 years$27,813$17,993$11,282$6,899$4,140$382
39 years$26,800$17,109$10,570$6,362$3,754$321
40 years$25,839$16,278$9,907$5,868$3,405$270
41 years$24,928$15,495$9,290$5,414$3,089$227
42 years$24,062$14,757$8,714$4,996$2,803$191
43 years$23,239$14,061$8,177$4,612$2,544$161
44 years$22,456$13,403$7,676$4,258$2,309$135
45 years$21,709$12,781$7,207$3,933$2,096$114
46 years$20,997$12,192$6,769$3,633$1,903$96
47 years$20,318$11,635$6,360$3,356$1,728$80
48 years$19,668$11,107$5,976$3,101$1,570$68
49 years$19,047$10,607$5,617$2,866$1,426$57
50 years$18,453$10,132$5,281$2,649$1,295$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,900,000, adding $2,627 every year, while hoping to spend $29,882 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: 28/48/24 Blend
60$18,900,000$18,900,000$18,900,000$18,900,000
61$20,830,510$19,828,810$19,535,860$21,257,176
62$22,923,428$20,768,627$20,158,517$22,532,702
63$25,228,821$21,753,494$20,801,031$23,899,384
64$27,768,332$22,785,587$21,464,037$25,367,169
65$30,565,808$23,867,186$22,148,188$26,944,726
66$33,647,527$25,000,684$22,854,159$28,641,535
67$37,042,447$26,188,591$23,582,646$30,467,968
68$40,782,480$27,433,535$24,334,367$32,435,374
69$44,902,789$28,738,275$25,110,065$34,556,176
70$49,442,126$30,105,703$25,910,505$36,843,977
71$54,443,192$31,538,851$26,736,476$39,313,676
72$59,953,043$33,040,899$27,588,793$41,981,595
73$66,023,532$34,615,183$28,468,296$44,865,623
74$72,711,803$36,265,197$29,375,855$47,985,366
75$80,080,824$37,994,609$30,312,363$51,362,324
76$88,199,987$39,807,264$31,278,746$55,020,072
77$97,145,758$41,707,192$32,275,957$58,984,472
78$107,002,403$43,698,622$33,304,979$63,283,898
79$117,862,781$45,785,987$34,366,828$67,949,487
80$129,829,220$47,973,937$35,462,553$73,015,413
81$143,014,486$50,267,345$36,593,234$78,519,195
82$157,542,844$52,671,325$37,759,988$84,502,027
83$173,551,232$55,191,238$38,963,965$91,009,149
84$191,190,555$57,832,706$40,206,355$98,090,248
85$210,627,107$60,601,624$41,488,384$105,799,909
86$232,044,144$63,504,175$42,811,316$114,198,106
87$255,643,610$66,546,843$44,176,459$123,350,738
88$281,648,047$69,736,427$45,585,159$133,330,231
89$310,302,694$73,080,058$47,038,807$144,216,192
90$341,877,800$76,585,213$48,538,839$156,096,129
91$376,671,181$80,259,733$50,086,736$169,066,253
92$415,011,025$84,111,843$51,684,024$183,232,349
93$457,258,993$88,150,168$53,332,283$198,710,746
94$503,813,635$92,383,750$55,033,139$215,629,378
95$555,114,148$96,822,077$56,788,272$234,128,956
96$611,644,527$101,475,094$58,599,414$254,364,260
97$673,938,129$106,353,234$60,468,355$276,505,560
98$742,582,713$111,467,438$62,396,940$300,740,181
99$818,225,987$116,829,179$64,387,074$327,274,230
100$901,581,719$122,450,490$66,440,723$356,334,494