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

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 $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%14.3%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,488,151
2 years$776,734$762,268$748,248$734,655$721,470$694,424
3 years$512,679$498,150$484,166$470,701$457,730$431,417
4 years$380,677$366,193$352,349$339,113$326,457$301,079
5 years$301,497$287,100$273,437$260,471$248,167$223,798
6 years$248,727$234,439$220,978$208,301$196,366$173,032
7 years$211,050$196,881$183,634$171,256$159,698$137,407
8 years$182,804$168,764$155,736$143,662$132,485$111,230
9 years$160,847$146,939$134,135$122,368$111,572$91,341
10 years$143,292$129,520$116,942$105,483$95,065$75,841
11 years$128,937$115,304$102,954$91,802$81,759$63,520
12 years$116,984$103,490$91,369$80,522$70,850$53,573
13 years$106,878$93,525$81,632$71,089$61,783$45,439
14 years$98,223$85,012$73,347$63,105$54,159$38,720
15 years$90,728$77,660$66,222$56,279$47,686$33,122
16 years$84,177$71,251$60,040$50,391$42,145$28,424
17 years$78,403$65,620$54,634$45,276$37,368$24,460
18 years$73,276$60,636$49,874$40,803$33,226$21,096
19 years$68,694$56,197$45,657$36,869$29,615$18,231
20 years$64,575$52,221$41,902$33,392$26,453$15,781
21 years$60,853$48,641$38,542$30,305$23,672$13,679
22 years$57,475$45,405$35,522$27,554$21,219$11,873
23 years$54,394$42,466$32,798$25,094$19,047$10,315
24 years$51,575$39,788$30,333$22,888$17,120$8,970
25 years$48,985$37,339$28,094$20,902$15,406$7,807
26 years$46,598$35,093$26,056$19,112$13,877$6,799
27 years$44,392$33,026$24,195$17,494$12,511$5,925
28 years$42,347$31,121$22,493$16,028$11,289$5,165
29 years$40,446$29,359$20,931$14,698$10,194$4,505
30 years$38,676$27,726$19,497$13,489$9,211$3,931
31 years$37,023$26,211$18,176$12,389$8,327$3,432
32 years$35,476$24,800$16,959$11,385$7,533$2,996
33 years$34,026$23,486$15,835$10,470$6,817$2,617
34 years$32,665$22,260$14,795$9,633$6,172$2,286
35 years$31,384$21,113$13,832$8,868$5,590$1,997
36 years$30,176$20,039$12,940$8,167$5,065$1,745
37 years$29,037$19,033$12,111$7,525$4,591$1,525
38 years$27,961$18,088$11,342$6,936$4,162$1,333
39 years$26,942$17,200$10,626$6,395$3,774$1,166
40 years$25,976$16,364$9,960$5,899$3,423$1,019
41 years$25,060$15,577$9,339$5,442$3,106$891
42 years$24,190$14,835$8,760$5,023$2,818$779
43 years$23,362$14,135$8,220$4,636$2,558$681
44 years$22,575$13,474$7,716$4,281$2,321$596
45 years$21,824$12,848$7,245$3,954$2,107$521
46 years$21,108$12,257$6,805$3,652$1,913$456
47 years$20,425$11,697$6,393$3,374$1,738$399
48 years$19,772$11,166$6,008$3,118$1,578$349
49 years$19,148$10,663$5,647$2,881$1,433$305
50 years$18,551$10,186$5,309$2,663$1,302$267

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 $5,543 every year, while hoping to spend $34,001 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: 64/24/12 Blend
60$19,000,000$19,000,000$19,000,000$19,000,000
61$20,943,718$19,936,718$19,642,218$22,226,018
62$23,043,800$20,877,440$20,264,055$24,024,516
63$25,356,951$21,863,118$20,905,585$25,983,745
64$27,904,868$22,895,919$21,567,430$28,122,935
65$30,711,461$23,978,115$22,250,234$30,459,602
66$33,803,075$25,112,087$22,954,662$33,013,009
67$37,208,743$26,300,335$23,681,398$35,804,346
68$40,960,459$27,545,475$24,431,149$38,856,925
69$45,093,478$28,850,255$25,204,644$42,196,392
70$49,646,648$30,217,553$26,002,636$45,850,964
71$54,662,781$31,650,388$26,825,899$49,851,693
72$60,189,054$33,151,926$27,675,235$54,232,746
73$66,277,452$34,725,485$28,551,471$59,031,728
74$72,985,264$36,374,546$29,455,457$64,290,023
75$80,375,619$38,102,757$30,388,073$70,053,184
76$88,518,085$39,913,945$31,350,227$76,371,352
77$97,489,324$41,812,123$32,342,853$83,299,721
78$107,373,814$43,801,496$33,366,918$90,899,050
79$118,264,651$45,886,477$34,423,417$99,236,233
80$130,264,422$48,071,691$35,513,379$108,384,915
81$143,486,178$50,361,989$36,637,862$118,426,180
82$158,054,500$52,762,458$37,797,961$129,449,310
83$174,106,671$55,278,430$38,994,805$141,552,611
84$191,793,977$57,915,500$40,229,557$154,844,334
85$211,283,135$60,679,531$41,503,419$169,443,687
86$232,757,861$63,576,674$42,817,630$185,481,943
87$256,420,610$66,613,378$44,173,468$203,103,673
88$282,494,485$69,796,407$45,572,252$222,468,093
89$311,225,343$73,132,851$47,015,343$243,750,555
90$342,884,116$76,630,149$48,504,145$267,144,188
91$377,769,368$80,296,098$50,040,106$292,861,708
92$416,210,114$84,138,878$51,624,720$321,137,407
93$458,568,928$88,167,064$53,259,530$352,229,350
94$505,245,359$92,389,652$54,946,125$386,421,795
95$556,679,712$96,816,071$56,686,147$424,027,858
96$613,357,198$101,456,214$58,481,288$465,392,448
97$675,812,517$106,320,453$60,333,296$510,895,507
98$744,634,904$111,419,665$62,243,971$560,955,573
99$820,473,694$116,765,258$64,215,174$616,033,712
100$904,044,450$122,369,195$66,248,822$676,637,847