Can I retire at age 61 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,504,861
2 years$788,998$774,304$760,063$746,255$732,861$698,636
3 years$520,774$506,016$491,811$478,133$464,957$431,722
4 years$386,688$371,975$357,912$344,468$331,612$299,623
5 years$306,257$291,633$277,755$264,584$252,086$221,434
6 years$252,655$238,140$224,467$211,590$199,467$170,184
7 years$214,382$199,990$186,533$173,960$162,220$134,311
8 years$185,691$171,428$158,195$145,931$134,577$108,032
9 years$163,387$149,259$136,253$124,301$113,333$88,133
10 years$145,554$131,565$118,789$107,148$96,566$72,683
11 years$130,973$117,124$104,580$93,251$83,050$60,453
12 years$118,831$105,124$92,812$81,794$71,969$50,623
13 years$108,565$95,002$82,921$72,212$62,759$42,625
14 years$99,774$86,354$74,505$64,101$55,014$36,052
15 years$92,161$78,886$67,268$57,167$48,438$30,606
16 years$85,506$72,376$60,988$51,187$42,810$26,062
17 years$79,641$66,656$55,497$45,991$37,958$22,250
18 years$74,433$61,593$50,662$41,447$33,751$19,037
19 years$69,778$57,084$46,378$37,451$30,083$16,318
20 years$65,595$53,045$42,564$33,919$26,871$14,008
21 years$61,814$49,409$39,150$30,784$24,046$12,042
22 years$58,382$46,122$36,083$27,990$21,554$10,363
23 years$55,253$43,137$33,316$25,491$19,348$8,927
24 years$52,389$40,416$30,812$23,249$17,390$7,696
25 years$49,758$37,929$28,538$21,232$15,649$6,640
26 years$47,334$35,647$26,468$19,414$14,096$5,732
27 years$45,093$33,548$24,578$17,770$12,709$4,950
28 years$43,015$31,612$22,848$16,281$11,467$4,278
29 years$41,085$29,822$21,262$14,930$10,355$3,698
30 years$39,286$28,164$19,805$13,702$9,356$3,197
31 years$37,607$26,624$18,463$12,584$8,459$2,766
32 years$36,036$25,192$17,227$11,565$7,652$2,393
33 years$34,563$23,857$16,085$10,635$6,925$2,071
34 years$33,180$22,611$15,029$9,785$6,269$1,792
35 years$31,879$21,446$14,051$9,008$5,678$1,551
36 years$30,653$20,356$13,144$8,296$5,145$1,343
37 years$29,496$19,333$12,303$7,644$4,663$1,163
38 years$28,402$18,374$11,521$7,045$4,228$1,007
39 years$27,367$17,471$10,794$6,496$3,834$872
40 years$26,386$16,623$10,117$5,992$3,477$755
41 years$25,456$15,823$9,487$5,528$3,155$654
42 years$24,572$15,070$8,899$5,102$2,863$567
43 years$23,731$14,358$8,350$4,710$2,598$491
44 years$22,931$13,686$7,838$4,349$2,358$425
45 years$22,169$13,051$7,360$4,016$2,141$369
46 years$21,442$12,450$6,912$3,710$1,944$319
47 years$20,748$11,881$6,494$3,427$1,765$277
48 years$20,085$11,342$6,103$3,167$1,603$240
49 years$19,450$10,831$5,736$2,927$1,456$208
50 years$18,844$10,347$5,393$2,705$1,322$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,300,000, adding $6,949 every year, while hoping to spend $29,409 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: 48/25/27 Blend
60$19,300,000$19,300,000$19,300,000$19,300,000
61$21,275,768$20,252,868$19,953,718$22,132,826
62$23,414,605$21,213,967$20,590,876$23,696,732
63$25,770,618$22,221,175$21,248,394$25,390,655
64$28,365,928$23,276,720$21,926,922$27,229,698
65$31,224,911$24,382,937$22,627,132$29,227,555
66$34,374,428$25,542,277$23,349,717$31,399,270
67$37,844,080$26,757,309$24,095,393$33,761,375
68$41,666,485$28,030,726$24,864,898$36,332,035
69$45,877,589$29,365,354$25,658,994$39,131,219
70$50,517,000$30,764,153$26,478,468$42,180,873
71$55,628,368$32,230,231$27,324,130$45,505,128
72$61,259,793$33,766,844$28,196,820$49,130,514
73$67,464,279$35,377,406$29,097,401$53,086,206
74$74,300,236$37,065,500$30,026,764$57,404,288
75$81,832,031$38,834,880$30,985,831$62,120,049
76$90,130,593$40,689,484$31,975,552$67,272,307
77$99,274,088$42,633,443$32,996,907$72,903,764
78$109,348,649$44,671,086$34,050,908$79,061,400
79$120,449,197$46,806,954$35,138,598$85,796,906
80$132,680,330$49,045,811$36,261,057$93,167,160
81$146,157,317$51,392,648$37,419,395$101,234,754
82$161,007,179$53,852,704$38,614,761$110,068,573
83$177,369,895$56,431,470$39,848,339$119,744,428
84$195,399,717$59,134,704$41,121,351$130,345,767
85$215,266,630$61,968,447$42,435,059$141,964,439
86$237,157,958$64,939,033$43,790,764$154,701,556
87$261,280,126$68,053,101$45,189,811$168,668,425
88$287,860,614$71,317,619$46,633,586$183,987,589
89$317,150,105$74,739,891$48,123,519$200,793,962
90$349,424,847$78,327,577$49,661,088$219,236,092
91$384,989,264$82,088,710$51,247,817$239,477,536
92$424,178,828$86,031,717$52,885,278$261,698,397
93$467,363,229$90,165,431$54,575,095$286,096,995
94$514,949,861$94,499,119$56,318,943$312,891,722
95$567,387,669$99,042,499$58,118,551$342,323,085
96$625,171,392$103,805,762$59,975,702$374,655,950
97$688,846,224$108,799,595$61,892,239$410,182,021
98$759,012,972$114,035,207$63,870,061$449,222,570
99$836,333,717$119,524,354$65,911,130$492,131,442
100$921,538,072$125,279,364$68,017,470$539,298,371