Can I retire at age 61 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,511,903
2 years$784,910$770,292$756,124$742,388$729,064$709,814
3 years$518,075$503,394$489,263$475,655$462,548$443,777
4 years$384,684$370,048$356,058$342,683$329,893$311,746
5 years$304,671$290,122$276,316$263,213$250,780$233,309
6 years$251,346$236,907$223,304$210,494$198,433$181,660
7 years$213,271$198,954$185,567$173,059$161,380$145,310
8 years$184,728$170,540$157,375$145,175$133,880$118,513
9 years$162,540$148,486$135,547$123,656$112,746$98,075
10 years$144,800$130,883$118,173$106,593$96,065$82,081
11 years$130,295$116,517$104,038$92,768$82,619$69,308
12 years$118,216$104,580$92,331$81,370$71,596$58,943
13 years$108,003$94,510$82,492$71,837$62,433$50,422
14 years$99,257$85,907$74,119$63,769$54,729$43,342
15 years$91,683$78,477$66,919$56,871$48,187$37,407
16 years$85,063$72,001$60,672$50,922$42,588$32,394
17 years$79,228$66,311$55,209$45,753$37,762$28,134
18 years$74,047$61,274$50,399$41,233$33,576$24,494
19 years$69,417$56,788$46,138$37,257$29,927$21,370
20 years$65,255$52,770$42,343$33,743$26,731$18,678
21 years$61,494$49,153$38,947$30,624$23,921$16,350
22 years$58,080$45,883$35,896$27,845$21,442$14,332
23 years$54,967$42,913$33,144$25,359$19,248$12,578
24 years$52,118$40,207$30,652$23,128$17,300$11,049
25 years$49,501$37,732$28,390$21,122$15,568$9,715
26 years$47,089$35,462$26,330$19,313$14,023$8,549
27 years$44,859$33,374$24,450$17,678$12,643$7,528
28 years$42,793$31,448$22,730$16,197$11,408$6,633
29 years$40,872$29,668$21,152$14,853$10,301$5,847
30 years$39,083$28,018$19,702$13,631$9,308$5,157
31 years$37,412$26,486$18,368$12,519$8,415$4,550
32 years$35,850$25,062$17,137$11,505$7,612$4,016
33 years$34,384$23,734$16,001$10,580$6,889$3,545
34 years$33,008$22,494$14,951$9,735$6,237$3,131
35 years$31,714$21,335$13,978$8,961$5,649$2,766
36 years$30,494$20,250$13,076$8,253$5,118$2,443
37 years$29,343$19,233$12,239$7,604$4,639$2,159
38 years$28,255$18,278$11,461$7,009$4,206$1,908
39 years$27,225$17,381$10,738$6,463$3,814$1,687
40 years$26,249$16,537$10,065$5,961$3,459$1,491
41 years$25,324$15,741$9,437$5,500$3,138$1,319
42 years$24,444$14,991$8,853$5,075$2,848$1,166
43 years$23,608$14,284$8,307$4,685$2,584$1,031
44 years$22,812$13,615$7,798$4,326$2,346$912
45 years$22,054$12,984$7,322$3,995$2,130$807
46 years$21,331$12,386$6,877$3,690$1,934$714
47 years$20,640$11,820$6,460$3,410$1,756$631
48 years$19,980$11,284$6,071$3,151$1,595$558
49 years$19,350$10,775$5,706$2,912$1,448$494
50 years$18,746$10,293$5,365$2,691$1,315$437

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,200,000, adding $6,399 every year, while hoping to spend $53,958 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: 80/8/12 Blend
60$19,200,000$19,200,000$19,200,000$19,200,000
61$21,165,001$20,147,401$19,849,801$22,811,016
62$23,266,420$21,077,212$20,457,358$24,822,737
63$25,580,375$22,050,776$21,083,460$27,022,233
64$28,128,489$23,070,180$21,728,671$29,434,384
65$30,934,586$24,137,610$22,393,573$32,080,452
66$34,024,920$25,255,359$23,078,764$34,983,847
67$37,428,421$26,425,830$23,784,861$38,170,353
68$41,176,967$27,651,543$24,512,502$41,668,364
69$45,305,686$28,935,138$25,262,339$45,509,152
70$49,853,288$30,279,381$26,035,050$49,727,159
71$54,862,428$31,687,175$26,831,328$54,360,321
72$60,380,109$33,161,561$27,651,891$59,450,419
73$66,458,128$34,705,725$28,497,477$65,043,477
74$73,153,560$36,323,009$29,368,846$71,190,188
75$80,529,303$38,016,916$30,266,783$77,946,393
76$88,654,666$39,791,119$31,192,093$85,373,603
77$97,606,024$41,649,465$32,145,610$93,539,578
78$107,467,540$43,595,991$33,128,190$102,518,961
79$118,331,961$45,634,926$34,140,716$112,393,981
80$130,301,489$47,770,706$35,184,098$123,255,226
81$143,488,748$50,007,977$36,259,273$135,202,491
82$158,017,847$52,351,616$37,367,206$148,345,721
83$174,025,552$54,806,729$38,508,891$162,806,040
84$191,662,575$57,378,675$39,685,355$178,716,892
85$211,094,995$60,073,068$40,897,653$196,225,297
86$232,505,832$62,895,796$42,146,872$215,493,233
87$256,096,768$65,853,030$43,434,132$236,699,160
88$282,090,052$68,951,243$44,760,590$260,039,700
89$310,730,601$72,197,217$46,127,433$285,731,488
90$342,288,307$75,598,066$47,535,887$314,013,212
91$377,060,590$79,161,247$48,987,215$345,147,859
92$415,375,201$82,894,578$50,482,717$379,425,191
93$457,593,316$86,806,257$52,023,732$417,164,476
94$504,112,949$90,904,879$53,611,642$458,717,497
95$555,372,706$95,199,454$55,247,868$504,471,861
96$611,855,925$99,699,430$56,933,875$554,854,655
97$674,095,242$104,414,715$58,671,172$610,336,467
98$742,677,614$109,355,693$60,461,314$671,435,827
99$818,249,865$114,533,257$62,305,903$738,724,085
100$901,524,788$119,958,824$64,206,588$812,830,804