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%15.9%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,478,460
2 years$776,734$762,268$748,248$734,655$721,470$684,789
3 years$512,679$498,150$484,166$470,701$457,730$422,142
4 years$380,677$366,193$352,349$339,113$326,457$292,235
5 years$301,497$287,100$273,437$260,471$248,167$215,408
6 years$248,727$234,439$220,978$208,301$196,366$165,102
7 years$211,050$196,881$183,634$171,256$159,698$129,933
8 years$182,804$168,764$155,736$143,662$132,485$104,206
9 years$160,847$146,939$134,135$122,368$111,572$84,756
10 years$143,292$129,520$116,942$105,483$95,065$69,682
11 years$128,937$115,304$102,954$91,802$81,759$57,773
12 years$116,984$103,490$91,369$80,522$70,850$48,221
13 years$106,878$93,525$81,632$71,089$61,783$40,467
14 years$98,223$85,012$73,347$63,105$54,159$34,110
15 years$90,728$77,660$66,222$56,279$47,686$28,856
16 years$84,177$71,251$60,040$50,391$42,145$24,485
17 years$78,403$65,620$54,634$45,276$37,368$20,829
18 years$73,276$60,636$49,874$40,803$33,226$17,755
19 years$68,694$56,197$45,657$36,869$29,615$15,162
20 years$64,575$52,221$41,902$33,392$26,453$12,968
21 years$60,853$48,641$38,542$30,305$23,672$11,105
22 years$57,475$45,405$35,522$27,554$21,219$9,519
23 years$54,394$42,466$32,798$25,094$19,047$8,168
24 years$51,575$39,788$30,333$22,888$17,120$7,014
25 years$48,985$37,339$28,094$20,902$15,406$6,027
26 years$46,598$35,093$26,056$19,112$13,877$5,182
27 years$44,392$33,026$24,195$17,494$12,511$4,458
28 years$42,347$31,121$22,493$16,028$11,289$3,836
29 years$40,446$29,359$20,931$14,698$10,194$3,303
30 years$38,676$27,726$19,497$13,489$9,211$2,844
31 years$37,023$26,211$18,176$12,389$8,327$2,450
32 years$35,476$24,800$16,959$11,385$7,533$2,111
33 years$34,026$23,486$15,835$10,470$6,817$1,819
34 years$32,665$22,260$14,795$9,633$6,172$1,568
35 years$31,384$21,113$13,832$8,868$5,590$1,351
36 years$30,176$20,039$12,940$8,167$5,065$1,165
37 years$29,037$19,033$12,111$7,525$4,591$1,005
38 years$27,961$18,088$11,342$6,936$4,162$866
39 years$26,942$17,200$10,626$6,395$3,774$747
40 years$25,976$16,364$9,960$5,899$3,423$644
41 years$25,060$15,577$9,339$5,442$3,106$556
42 years$24,190$14,835$8,760$5,023$2,818$479
43 years$23,362$14,135$8,220$4,636$2,558$413
44 years$22,575$13,474$7,716$4,281$2,321$357
45 years$21,824$12,848$7,245$3,954$2,107$308
46 years$21,108$12,257$6,805$3,652$1,913$265
47 years$20,425$11,697$6,393$3,374$1,738$229
48 years$19,772$11,166$6,008$3,118$1,578$197
49 years$19,148$10,663$5,647$2,881$1,433$170
50 years$18,551$10,186$5,309$2,663$1,302$147

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 $2,421 every year, while hoping to spend $33,058 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: 53/17/30 Blend
60$19,000,000$19,000,000$19,000,000$19,000,000
61$20,940,497$19,933,497$19,638,997$21,874,138
62$23,041,255$20,875,065$20,261,730$23,464,823
63$25,355,181$21,861,662$20,904,217$25,191,518
64$27,903,985$22,895,459$21,567,084$27,070,134
65$30,711,589$23,978,733$22,250,978$29,115,250
66$33,804,351$25,113,872$22,956,566$31,342,894
67$37,211,322$26,303,379$23,684,538$33,770,693
68$40,964,509$27,549,877$24,435,603$36,418,029
69$45,099,188$28,856,119$25,210,494$39,306,223
70$49,654,226$30,224,990$26,009,967$42,458,726
71$54,672,459$31,659,516$26,834,802$45,901,337
72$60,201,087$33,162,870$27,685,805$49,662,439
73$66,292,124$34,738,376$28,563,805$53,773,264
74$73,002,888$36,389,524$29,469,661$58,268,176
75$80,396,542$38,119,971$30,404,254$63,184,991
76$88,542,692$39,933,552$31,368,499$68,565,331
77$97,518,038$41,834,287$32,363,335$74,455,003
78$107,407,105$43,826,395$33,389,734$80,904,427
79$118,303,037$45,914,295$34,448,698$87,969,104
80$130,308,477$48,102,626$35,541,259$95,710,131
81$143,536,536$50,396,249$36,668,485$104,194,769
82$158,111,859$52,800,262$37,831,476$113,497,070
83$174,171,805$55,320,011$39,031,367$123,698,565
84$191,867,741$57,961,103$40,269,330$134,889,023
85$211,366,470$60,729,416$41,546,571$147,167,291
86$232,851,808$63,631,116$42,864,340$160,642,216
87$256,526,318$66,672,667$44,223,921$175,433,657
88$282,613,223$69,860,847$45,626,643$191,673,611
89$311,358,510$73,202,768$47,073,874$209,507,442
90$343,033,257$76,705,882$48,567,027$229,095,243
91$377,936,188$80,378,009$50,107,561$250,613,333
92$416,396,494$84,227,346$51,696,980$274,255,908
93$458,776,942$88,262,492$53,336,834$300,236,860
94$505,477,298$92,492,462$55,028,726$328,791,782
95$556,938,101$96,926,711$56,774,307$360,180,172
96$613,644,823$101,575,155$58,575,282$394,687,872
97$676,132,449$106,448,193$60,433,409$432,629,747
98$744,990,534$111,556,729$62,350,502$474,352,638
99$820,868,759$116,912,199$64,328,435$520,238,618
100$904,483,072$122,526,597$66,369,137$570,708,582