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%17.6%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,491,536
2 years$788,998$774,304$760,063$746,255$732,861$685,449
3 years$520,774$506,016$491,811$478,133$464,957$419,091
4 years$386,688$371,975$357,912$344,468$331,612$287,644
5 years$306,257$291,633$277,755$264,584$252,086$210,135
6 years$252,655$238,140$224,467$211,590$199,467$159,570
7 years$214,382$199,990$186,533$173,960$162,220$124,374
8 years$185,691$171,428$158,195$145,931$134,577$98,758
9 years$163,387$149,259$136,253$124,301$113,333$79,502
10 years$145,554$131,565$118,789$107,148$96,566$64,672
11 years$130,973$117,124$104,580$93,251$83,050$53,038
12 years$118,831$105,124$92,812$81,794$71,969$43,776
13 years$108,565$95,002$82,921$72,212$62,759$36,318
14 years$99,774$86,354$74,505$64,101$55,014$30,257
15 years$92,161$78,886$67,268$57,167$48,438$25,292
16 years$85,506$72,376$60,988$51,187$42,810$21,201
17 years$79,641$66,656$55,497$45,991$37,958$17,813
18 years$74,433$61,593$50,662$41,447$33,751$14,995
19 years$69,778$57,084$46,378$37,451$30,083$12,643
20 years$65,595$53,045$42,564$33,919$26,871$10,674
21 years$61,814$49,409$39,150$30,784$24,046$9,021
22 years$58,382$46,122$36,083$27,990$21,554$7,632
23 years$55,253$43,137$33,316$25,491$19,348$6,462
24 years$52,389$40,416$30,812$23,249$17,390$5,474
25 years$49,758$37,929$28,538$21,232$15,649$4,641
26 years$47,334$35,647$26,468$19,414$14,096$3,936
27 years$45,093$33,548$24,578$17,770$12,709$3,339
28 years$43,015$31,612$22,848$16,281$11,467$2,834
29 years$41,085$29,822$21,262$14,930$10,355$2,406
30 years$39,286$28,164$19,805$13,702$9,356$2,043
31 years$37,607$26,624$18,463$12,584$8,459$1,735
32 years$36,036$25,192$17,227$11,565$7,652$1,474
33 years$34,563$23,857$16,085$10,635$6,925$1,252
34 years$33,180$22,611$15,029$9,785$6,269$1,064
35 years$31,879$21,446$14,051$9,008$5,678$904
36 years$30,653$20,356$13,144$8,296$5,145$769
37 years$29,496$19,333$12,303$7,644$4,663$653
38 years$28,402$18,374$11,521$7,045$4,228$555
39 years$27,367$17,471$10,794$6,496$3,834$472
40 years$26,386$16,623$10,117$5,992$3,477$401
41 years$25,456$15,823$9,487$5,528$3,155$341
42 years$24,572$15,070$8,899$5,102$2,863$290
43 years$23,731$14,358$8,350$4,710$2,598$247
44 years$22,931$13,686$7,838$4,349$2,358$210
45 years$22,169$13,051$7,360$4,016$2,141$178
46 years$21,442$12,450$6,912$3,710$1,944$152
47 years$20,748$11,881$6,494$3,427$1,765$129
48 years$20,085$11,342$6,103$3,167$1,603$110
49 years$19,450$10,831$5,736$2,927$1,456$93
50 years$18,844$10,347$5,393$2,705$1,322$79

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 $2,420 every year, while hoping to spend $51,584 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: 81/6/13 Blend
60$19,300,000$19,300,000$19,300,000$19,300,000
61$21,271,096$20,248,196$19,949,046$22,941,457
62$23,385,863$21,185,473$20,562,454$24,975,706
63$25,714,607$22,166,947$21,194,683$27,201,262
64$28,279,100$23,194,730$21,846,307$29,642,778
65$31,103,331$24,271,035$22,517,922$32,321,886
66$34,213,737$25,398,182$23,210,138$35,262,413
67$37,639,447$26,578,602$23,923,586$38,490,597
68$41,412,560$27,814,843$24,658,916$42,035,339
69$45,568,449$29,109,577$25,416,797$45,928,471
70$50,146,090$30,465,606$26,197,919$50,205,054
71$55,188,434$31,885,864$27,002,993$54,903,708
72$60,742,812$33,373,429$27,832,751$60,066,972
73$66,861,380$34,931,528$28,687,949$65,741,706
74$73,601,609$36,563,541$29,569,364$71,979,530
75$81,026,833$38,273,015$30,477,797$78,837,306
76$89,206,843$40,063,666$31,414,077$86,377,676
77$98,218,545$41,939,389$32,379,052$94,669,649
78$108,146,688$43,904,270$33,373,601$103,789,247
79$119,084,661$45,962,591$34,398,628$113,820,225
80$131,135,379$48,118,840$35,455,064$124,854,851
81$144,412,248$50,377,723$36,543,870$136,994,783
82$159,040,241$52,744,176$37,666,033$150,352,015
83$175,157,075$55,223,370$38,822,575$165,049,940
84$192,914,510$57,820,728$40,014,544$181,224,505
85$212,479,783$60,541,937$41,243,024$199,025,491
86$234,037,186$63,392,956$42,509,130$218,617,928
87$257,789,804$66,380,036$43,814,011$240,183,641
88$283,961,435$69,509,729$45,158,852$263,922,969
89$312,798,701$72,788,905$46,544,873$290,056,648
90$344,573,373$76,224,766$47,973,330$318,827,888
91$379,584,942$79,824,865$49,445,522$350,504,672
92$418,163,441$83,597,118$50,962,782$385,382,270
93$460,672,563$87,549,828$52,526,486$423,786,032
94$507,513,093$91,691,699$54,138,053$466,074,445
95$559,126,694$96,031,857$55,798,942$512,642,515
96$616,000,071$100,579,872$57,510,661$563,925,491
97$678,669,569$105,345,777$59,274,760$620,402,967
98$747,726,238$110,340,092$61,092,836$682,603,400
99$823,821,406$115,573,849$62,966,538$751,109,098
100$907,672,835$121,058,613$64,897,563$826,561,704