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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,477,892
2 years$772,646$758,256$744,310$730,788$717,673$688,352
3 years$509,981$495,529$481,618$468,223$455,321$426,815
4 years$378,674$364,266$350,494$337,328$324,739$297,266
5 years$299,910$285,589$271,998$259,101$246,861$220,501
6 years$247,418$233,205$219,815$207,205$195,333$170,113
7 years$209,939$195,845$182,667$170,354$158,858$134,785
8 years$181,842$167,875$154,916$142,906$131,788$108,856
9 years$160,000$146,166$133,429$121,724$110,985$89,178
10 years$142,537$128,838$116,327$104,928$94,564$73,863
11 years$128,259$114,697$102,412$91,318$81,329$61,708
12 years$116,368$102,946$90,888$80,099$70,478$51,910
13 years$106,315$93,033$81,203$70,715$61,458$43,912
14 years$97,706$84,564$72,961$62,773$53,874$37,318
15 years$90,251$77,251$65,874$55,982$47,435$31,834
16 years$83,734$70,876$59,724$50,126$41,923$27,243
17 years$77,990$65,274$54,347$45,038$37,172$23,376
18 years$72,890$60,317$49,612$40,588$33,051$20,103
19 years$68,332$55,901$45,417$36,675$29,459$17,321
20 years$64,235$51,946$41,681$33,216$26,314$14,948
21 years$60,533$48,385$38,339$30,146$23,548$12,919
22 years$57,172$45,166$35,335$27,409$21,107$11,178
23 years$54,108$42,243$32,626$24,962$18,947$9,681
24 years$51,303$39,579$30,173$22,767$17,030$8,393
25 years$48,727$37,143$27,947$20,792$15,324$7,281
26 years$46,353$34,908$25,919$19,011$13,804$6,321
27 years$44,158$32,853$24,068$17,402$12,445$5,490
28 years$42,124$30,957$22,374$15,944$11,230$4,771
29 years$40,233$29,204$20,821$14,621$10,140$4,148
30 years$38,472$27,580$19,394$13,418$9,162$3,608
31 years$36,828$26,073$18,081$12,323$8,283$3,139
32 years$35,289$24,670$16,870$11,326$7,493$2,731
33 years$33,847$23,363$15,751$10,415$6,781$2,377
34 years$32,493$22,143$14,717$9,582$6,140$2,070
35 years$31,218$21,002$13,759$8,821$5,561$1,802
36 years$30,018$19,934$12,872$8,124$5,038$1,570
37 years$28,884$18,933$12,048$7,485$4,566$1,367
38 years$27,813$17,993$11,282$6,899$4,140$1,191
39 years$26,800$17,109$10,570$6,362$3,754$1,038
40 years$25,839$16,278$9,907$5,868$3,405$904
41 years$24,928$15,495$9,290$5,414$3,089$788
42 years$24,062$14,757$8,714$4,996$2,803$687
43 years$23,239$14,061$8,177$4,612$2,544$598
44 years$22,456$13,403$7,676$4,258$2,309$521
45 years$21,709$12,781$7,207$3,933$2,096$454
46 years$20,997$12,192$6,769$3,633$1,903$396
47 years$20,318$11,635$6,360$3,356$1,728$345
48 years$19,668$11,107$5,976$3,101$1,570$301
49 years$19,047$10,607$5,617$2,866$1,426$262
50 years$18,453$10,132$5,281$2,649$1,295$229

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 $5,984 every year, while hoping to spend $42,615 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: 36/37/27 Blend
60$18,900,000$18,900,000$18,900,000$18,900,000
61$20,833,972$19,832,272$19,539,322$21,414,709
62$22,913,696$20,758,712$20,148,548$22,772,649
63$25,204,122$21,729,118$20,776,754$24,233,340
64$27,726,699$22,745,602$21,424,532$25,809,477
65$30,505,059$23,810,373$22,092,490$27,511,466
66$33,565,245$24,925,750$22,781,258$29,350,711
67$36,935,952$26,094,164$23,491,482$31,339,723
68$40,648,803$27,318,163$24,223,831$33,492,220
69$44,738,645$28,600,417$24,978,994$35,823,258
70$49,243,877$29,943,727$25,757,679$38,349,354
71$54,206,811$31,351,028$26,560,621$41,088,639
72$59,674,077$32,825,400$27,388,572$44,061,017
73$65,697,056$34,370,068$28,242,313$47,288,341
74$72,332,370$35,988,415$29,122,644$50,794,613
75$79,642,413$37,683,989$30,030,395$54,606,192
76$87,695,944$39,460,509$30,966,418$58,752,039
77$96,568,730$41,321,874$31,931,592$63,263,970
78$106,344,266$43,272,171$32,926,826$68,176,950
79$117,114,560$45,315,687$33,953,054$73,529,404
80$128,981,005$47,456,915$35,011,241$79,363,571
81$142,055,331$49,700,567$36,102,381$85,725,883
82$156,460,663$52,051,584$37,227,499$92,667,390
83$172,332,684$54,515,144$38,387,654$100,244,225
84$189,820,911$57,096,680$39,583,933$108,518,117
85$209,090,112$59,801,885$40,817,463$117,556,956
86$230,321,856$62,636,730$42,089,401$127,435,416
87$253,716,231$65,607,476$43,400,942$138,235,640
88$279,493,732$68,720,688$44,753,319$150,047,993
89$307,897,339$71,983,248$46,147,801$162,971,897
90$339,194,814$75,402,373$47,585,699$177,116,745
91$373,681,228$78,985,632$49,068,362$192,602,913
92$411,681,744$82,740,960$50,597,184$209,562,868
93$453,554,693$86,676,677$52,173,600$228,142,396
94$499,694,946$90,801,509$53,799,090$248,501,952
95$550,537,652$95,124,604$55,475,181$270,818,144
96$606,562,339$99,655,557$57,203,447$295,285,374
97$668,297,445$104,404,426$58,985,509$322,117,642
98$736,325,302$109,381,761$60,823,042$351,550,531
99$811,287,639$114,598,623$62,717,769$383,843,403
100$893,891,634$120,066,612$64,671,471$419,281,808