Can I retire at age 61 with 19,000,000?

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 $19,000,000?

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$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,460,749
2 years$776,734$762,268$748,248$734,655$721,470$667,313
3 years$512,679$498,150$484,166$470,701$457,730$405,457
4 years$380,677$366,193$352,349$339,113$326,457$276,467
5 years$301,497$287,100$273,437$260,471$248,167$200,591
6 years$248,727$234,439$220,978$208,301$196,366$151,238
7 years$211,050$196,881$183,634$171,256$159,698$117,009
8 years$182,804$168,764$155,736$143,662$132,485$92,198
9 years$160,847$146,939$134,135$122,368$111,572$73,634
10 years$143,292$129,520$116,942$105,483$95,065$59,411
11 years$128,937$115,304$102,954$91,802$81,759$48,314
12 years$116,984$103,490$91,369$80,522$70,850$39,535
13 years$106,878$93,525$81,632$71,089$61,783$32,510
14 years$98,223$85,012$73,347$63,105$54,159$26,840
15 years$90,728$77,660$66,222$56,279$47,686$22,230
16 years$84,177$71,251$60,040$50,391$42,145$18,460
17 years$78,403$65,620$54,634$45,276$37,368$15,363
18 years$73,276$60,636$49,874$40,803$33,226$12,807
19 years$68,694$56,197$45,657$36,869$29,615$10,693
20 years$64,575$52,221$41,902$33,392$26,453$8,938
21 years$60,853$48,641$38,542$30,305$23,672$7,479
22 years$57,475$45,405$35,522$27,554$21,219$6,263
23 years$54,394$42,466$32,798$25,094$19,047$5,248
24 years$51,575$39,788$30,333$22,888$17,120$4,401
25 years$48,985$37,339$28,094$20,902$15,406$3,692
26 years$46,598$35,093$26,056$19,112$13,877$3,099
27 years$44,392$33,026$24,195$17,494$12,511$2,601
28 years$42,347$31,121$22,493$16,028$11,289$2,185
29 years$40,446$29,359$20,931$14,698$10,194$1,835
30 years$38,676$27,726$19,497$13,489$9,211$1,542
31 years$37,023$26,211$18,176$12,389$8,327$1,295
32 years$35,476$24,800$16,959$11,385$7,533$1,089
33 years$34,026$23,486$15,835$10,470$6,817$915
34 years$32,665$22,260$14,795$9,633$6,172$769
35 years$31,384$21,113$13,832$8,868$5,590$647
36 years$30,176$20,039$12,940$8,167$5,065$544
37 years$29,037$19,033$12,111$7,525$4,591$457
38 years$27,961$18,088$11,342$6,936$4,162$384
39 years$26,942$17,200$10,626$6,395$3,774$323
40 years$25,976$16,364$9,960$5,899$3,423$272
41 years$25,060$15,577$9,339$5,442$3,106$229
42 years$24,190$14,835$8,760$5,023$2,818$192
43 years$23,362$14,135$8,220$4,636$2,558$162
44 years$22,575$13,474$7,716$4,281$2,321$136
45 years$21,824$12,848$7,245$3,954$2,107$114
46 years$21,108$12,257$6,805$3,652$1,913$96
47 years$20,425$11,697$6,393$3,374$1,738$81
48 years$19,772$11,166$6,008$3,118$1,578$68
49 years$19,148$10,663$5,647$2,881$1,433$57
50 years$18,551$10,186$5,309$2,663$1,302$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,000,000, adding $3,512 every year, while hoping to spend $32,408 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: 76/9/15 Blend
60$19,000,000$19,000,000$19,000,000$19,000,000
61$20,941,623$19,934,623$19,640,123$22,465,451
62$23,043,186$20,876,937$20,263,585$24,414,482
63$25,358,023$21,864,339$20,906,847$26,546,241
64$27,907,853$22,899,003$21,570,538$28,882,443
65$30,716,610$23,983,210$22,255,307$31,443,450
66$33,810,668$25,119,351$22,961,823$34,251,680
67$37,219,090$26,309,934$23,690,779$37,331,818
68$40,973,903$27,557,586$24,442,885$40,711,045
69$45,110,399$28,865,066$25,218,880$44,419,294
70$49,667,468$30,235,262$26,019,520$48,489,527
71$54,687,965$31,671,205$26,845,590$52,958,044
72$60,219,118$33,176,074$27,697,897$57,864,824
73$66,312,966$34,753,201$28,577,275$63,253,895
74$73,026,860$36,406,079$29,484,585$69,173,752
75$80,423,995$38,138,372$30,420,714$75,677,806
76$88,574,012$39,953,922$31,386,577$82,824,889
77$97,553,654$41,856,757$32,383,120$90,679,800
78$107,447,490$43,851,101$33,411,318$99,313,919
79$118,348,713$45,941,384$34,472,177$108,805,869
80$130,360,021$48,132,251$35,566,733$119,242,263
81$143,594,583$50,428,572$36,696,060$130,718,509
82$158,177,114$52,835,454$37,861,260$143,339,709
83$174,245,042$55,358,255$39,063,476$157,221,647
84$191,949,816$58,002,589$40,303,882$172,491,876
85$211,458,328$60,774,346$41,583,692$189,290,916
86$232,954,492$63,679,703$42,904,160$207,773,576
87$256,640,978$66,725,137$44,266,577$228,110,408
88$282,741,126$69,917,437$45,672,277$250,489,314
89$311,501,058$73,263,728$47,122,634$275,117,308
90$343,191,993$76,771,478$48,619,070$302,222,469
91$378,112,814$80,448,519$50,163,047$332,056,086
92$416,592,890$84,303,065$51,756,078$364,895,018
93$458,995,179$88,343,729$53,399,721$401,044,308
94$505,719,661$92,579,546$55,095,585$440,840,048
95$557,207,110$97,019,987$56,845,330$484,652,547
96$613,943,256$101,674,987$58,650,669$532,889,818
97$676,463,370$106,554,964$60,513,370$586,001,419
98$745,357,321$111,670,844$62,435,254$644,482,691
99$821,275,137$117,034,085$64,418,205$708,879,419
100$904,933,149$122,656,702$66,464,162$779,792,980