Can I retire at age 61 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,489,874
2 years$780,822$766,280$752,186$738,521$725,267$691,999
3 years$515,377$500,772$486,714$473,178$460,139$427,829
4 years$382,681$368,121$354,203$340,898$328,175$297,071
5 years$303,084$288,611$274,876$261,842$249,474$219,663
6 years$250,036$235,673$222,141$209,397$197,400$168,915
7 years$212,160$197,918$184,600$172,157$160,539$133,384
8 years$183,766$169,652$156,556$144,418$133,183$107,349
9 years$161,694$147,712$134,841$123,012$112,159$87,628
10 years$144,046$130,201$117,558$106,038$95,565$72,312
11 years$129,616$115,911$103,496$92,285$82,189$60,183
12 years$117,600$104,035$91,850$80,946$71,223$50,430
13 years$107,440$94,017$82,062$71,463$62,108$42,491
14 years$98,740$85,459$73,733$63,437$54,444$35,963
15 years$91,206$78,068$66,571$56,575$47,936$30,551
16 years$84,620$71,626$60,356$50,657$42,366$26,034
17 years$78,815$65,965$54,922$45,515$37,565$22,242
18 years$73,661$60,955$50,137$41,018$33,401$19,044
19 years$69,055$56,492$45,898$37,063$29,771$16,336
20 years$64,915$52,495$42,123$33,568$26,592$14,035
21 years$61,174$48,897$38,745$30,465$23,797$12,074
22 years$57,777$45,644$35,709$27,700$21,331$10,398
23 years$54,681$42,690$32,971$25,226$19,148$8,964
24 years$51,846$39,998$30,493$23,008$17,210$7,734
25 years$49,243$37,536$28,242$21,012$15,487$6,678
26 years$46,843$35,278$26,193$19,213$13,950$5,769
27 years$44,626$33,200$24,323$17,586$12,577$4,987
28 years$42,570$31,284$22,611$16,112$11,348$4,313
29 years$40,659$29,513$21,042$14,775$10,247$3,731
30 years$38,879$27,872$19,600$13,560$9,259$3,229
31 years$37,218$26,348$18,272$12,454$8,371$2,795
32 years$35,663$24,931$17,048$11,445$7,572$2,420
33 years$34,205$23,610$15,918$10,525$6,853$2,096
34 years$32,836$22,377$14,873$9,684$6,205$1,816
35 years$31,549$21,224$13,905$8,915$5,620$1,573
36 years$30,335$20,145$13,008$8,210$5,092$1,363
37 years$29,190$19,133$12,175$7,564$4,615$1,181
38 years$28,108$18,183$11,401$6,972$4,184$1,024
39 years$27,083$17,290$10,682$6,429$3,794$888
40 years$26,113$16,450$10,012$5,930$3,441$769
41 years$25,192$15,659$9,388$5,471$3,122$667
42 years$24,317$14,913$8,806$5,049$2,833$578
43 years$23,485$14,209$8,264$4,661$2,571$501
44 years$22,694$13,545$7,757$4,303$2,334$435
45 years$21,939$12,916$7,283$3,974$2,119$377
46 years$21,220$12,321$6,841$3,671$1,924$327
47 years$20,533$11,758$6,427$3,392$1,747$283
48 years$19,876$11,225$6,039$3,134$1,586$246
49 years$19,249$10,719$5,677$2,896$1,441$213
50 years$18,648$10,239$5,337$2,677$1,309$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,100,000, adding $2,984 every year, while hoping to spend $49,922 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: 57/34/9 Blend
60$19,100,000$19,100,000$19,100,000$19,100,000
61$21,051,278$20,038,978$19,742,928$22,206,401
62$23,145,392$20,967,771$20,351,199$23,914,012
63$25,451,432$21,940,402$20,978,175$25,767,875
64$27,990,962$22,958,966$21,624,428$27,786,582
65$30,787,745$24,025,660$22,290,550$29,985,897
66$33,867,962$25,142,785$22,977,152$32,383,146
67$37,260,468$26,312,755$23,684,860$34,997,371
68$40,997,055$27,538,100$24,414,322$37,849,506
69$45,112,759$28,821,471$25,166,207$40,962,565
70$49,646,186$30,165,649$25,941,200$44,361,854
71$54,639,879$31,573,546$26,740,011$48,075,201
72$60,140,716$33,048,220$27,563,371$52,133,210
73$66,200,356$34,592,870$28,412,032$56,569,544
74$72,875,727$36,210,855$29,286,769$61,421,228
75$80,229,558$37,905,694$30,188,383$66,728,997
76$88,330,975$39,681,075$31,117,696$72,537,664
77$97,256,155$41,540,868$32,075,559$78,896,537
78$107,089,038$43,489,126$33,062,845$85,859,869
79$117,922,127$45,530,100$34,080,458$93,487,367
80$129,857,356$47,668,248$35,129,326$101,844,735
81$143,007,055$49,908,240$36,210,407$111,004,286
82$157,495,007$52,254,976$37,324,688$121,045,615
83$173,457,619$54,713,591$38,473,186$132,056,329
84$191,045,208$57,289,469$39,656,949$144,132,867
85$210,423,421$59,988,254$40,877,059$157,381,393
86$231,774,797$62,815,866$42,134,627$171,918,781
87$255,300,491$65,778,508$43,430,802$187,873,704
88$281,222,173$68,882,687$44,766,766$205,387,833
89$309,784,119$72,135,223$46,143,737$224,617,154
90$341,255,518$75,543,268$47,562,971$245,733,423
91$375,933,013$79,114,320$49,025,762$268,925,767
92$414,143,499$82,856,240$50,533,444$294,402,452
93$456,247,212$86,777,272$52,087,390$322,392,824
94$502,641,127$90,886,059$53,689,018$353,149,454
95$553,762,708$95,191,662$55,339,786$386,950,498
96$610,094,035$99,703,583$57,041,199$424,102,298
97$672,166,353$104,431,786$58,794,807$464,942,251
98$740,565,095$109,386,716$60,602,206$509,841,963
99$815,935,397$114,579,329$62,465,043$559,210,731
100$898,988,200$120,021,108$64,385,014$613,499,379