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%17.2%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,462,973
2 years$772,646$758,256$744,310$730,788$717,673$673,560
3 years$509,981$495,529$481,618$468,223$455,321$412,618
4 years$378,674$364,266$350,494$337,328$324,739$283,773
5 years$299,910$285,589$271,998$259,101$246,861$207,745
6 years$247,418$233,205$219,815$207,205$195,333$158,101
7 years$209,939$195,845$182,667$170,354$158,858$123,510
8 years$181,842$167,875$154,916$142,906$131,788$98,303
9 years$160,000$146,166$133,429$121,724$110,985$79,328
10 years$142,537$128,838$116,327$104,928$94,564$64,693
11 years$128,259$114,697$102,412$91,318$81,329$53,192
12 years$116,368$102,946$90,888$80,099$70,478$44,020
13 years$106,315$93,033$81,203$70,715$61,458$36,619
14 years$97,706$84,564$72,961$62,773$53,874$30,592
15 years$90,251$77,251$65,874$55,982$47,435$25,645
16 years$83,734$70,876$59,724$50,126$41,923$21,559
17 years$77,990$65,274$54,347$45,038$37,172$18,166
18 years$72,890$60,317$49,612$40,588$33,051$15,338
19 years$68,332$55,901$45,417$36,675$29,459$12,971
20 years$64,235$51,946$41,681$33,216$26,314$10,984
21 years$60,533$48,385$38,339$30,146$23,548$9,313
22 years$57,172$45,166$35,335$27,409$21,107$7,903
23 years$54,108$42,243$32,626$24,962$18,947$6,712
24 years$51,303$39,579$30,173$22,767$17,030$5,705
25 years$48,727$37,143$27,947$20,792$15,324$4,851
26 years$46,353$34,908$25,919$19,011$13,804$4,128
27 years$44,158$32,853$24,068$17,402$12,445$3,514
28 years$42,124$30,957$22,374$15,944$11,230$2,992
29 years$40,233$29,204$20,821$14,621$10,140$2,548
30 years$38,472$27,580$19,394$13,418$9,162$2,171
31 years$36,828$26,073$18,081$12,323$8,283$1,850
32 years$35,289$24,670$16,870$11,326$7,493$1,577
33 years$33,847$23,363$15,751$10,415$6,781$1,344
34 years$32,493$22,143$14,717$9,582$6,140$1,146
35 years$31,218$21,002$13,759$8,821$5,561$977
36 years$30,018$19,934$12,872$8,124$5,038$833
37 years$28,884$18,933$12,048$7,485$4,566$711
38 years$27,813$17,993$11,282$6,899$4,140$606
39 years$26,800$17,109$10,570$6,362$3,754$517
40 years$25,839$16,278$9,907$5,868$3,405$441
41 years$24,928$15,495$9,290$5,414$3,089$376
42 years$24,062$14,757$8,714$4,996$2,803$321
43 years$23,239$14,061$8,177$4,612$2,544$274
44 years$22,456$13,403$7,676$4,258$2,309$234
45 years$21,709$12,781$7,207$3,933$2,096$199
46 years$20,997$12,192$6,769$3,633$1,903$170
47 years$20,318$11,635$6,360$3,356$1,728$145
48 years$19,668$11,107$5,976$3,101$1,570$124
49 years$19,047$10,607$5,617$2,866$1,426$106
50 years$18,453$10,132$5,281$2,649$1,295$90

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 $2,728 every year, while hoping to spend $51,738 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: 58/35/7 Blend
60$18,900,000$18,900,000$18,900,000$18,900,000
61$20,830,614$19,828,914$19,535,964$22,007,389
62$22,900,288$20,745,482$20,135,370$23,714,675
63$25,179,334$21,705,228$20,753,122$25,568,548
64$27,689,055$22,710,212$21,389,780$27,587,841
65$30,452,922$23,762,596$22,045,921$29,788,391
66$33,496,800$24,864,644$22,722,140$32,187,604
67$36,849,191$26,018,728$23,419,049$34,804,612
68$40,541,501$27,227,339$24,137,279$37,660,450
69$44,608,338$28,493,082$24,877,482$40,778,241
70$49,087,837$29,818,692$25,640,327$44,183,414
71$54,022,024$31,207,035$26,426,504$47,903,929
72$59,457,205$32,661,114$27,236,727$51,970,540
73$65,444,409$34,184,079$28,071,727$56,417,072
74$72,039,870$35,779,229$28,932,261$61,280,734
75$79,305,552$37,450,026$29,819,107$66,602,457
76$87,309,738$39,200,098$30,733,066$72,427,276
77$96,127,674$41,033,245$31,674,967$78,804,740
78$105,842,279$42,953,456$32,645,660$85,789,374
79$116,544,925$44,964,909$33,646,024$93,441,178
80$128,336,303$47,071,986$34,676,961$101,826,182
81$141,327,371$49,279,278$35,739,405$111,017,062
82$155,640,402$51,591,602$36,834,314$121,093,806
83$171,410,138$54,014,006$37,962,679$132,144,461
84$188,785,062$56,551,781$39,125,518$144,265,948
85$207,928,796$59,210,477$40,323,881$157,564,963
86$229,021,653$61,995,910$41,558,851$172,158,968
87$252,262,331$64,914,179$42,831,542$188,177,282
88$277,869,793$67,971,678$44,143,102$205,762,289
89$306,085,333$71,175,111$45,494,717$225,070,762
90$337,174,851$74,531,505$46,887,604$246,275,322
91$371,431,368$78,048,231$48,323,021$269,566,053
92$409,177,786$81,733,014$49,802,261$295,152,273
93$450,769,943$85,593,954$51,326,660$323,264,489
94$496,599,965$89,639,545$52,897,590$354,156,550
95$547,099,970$93,878,692$54,516,469$388,108,022
96$602,746,151$98,320,732$56,184,754$425,426,801
97$664,063,265$102,975,454$57,903,949$466,451,995
98$731,629,589$107,853,123$59,675,603$511,557,098
99$806,082,383$112,964,501$61,501,312$561,153,486
100$888,123,899$118,320,875$63,382,719$615,694,274