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%16%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,501,195
2 years$788,998$774,304$760,063$746,255$732,861$694,998
3 years$520,774$506,016$491,811$478,133$464,957$428,228
4 years$386,688$371,975$357,912$344,468$331,612$296,298
5 years$306,257$291,633$277,755$264,584$252,086$218,288
6 years$252,655$238,140$224,467$211,590$199,467$167,218
7 years$214,382$199,990$186,533$173,960$162,220$131,524
8 years$185,691$171,428$158,195$145,931$134,577$105,420
9 years$163,387$149,259$136,253$124,301$113,333$85,692
10 years$145,554$131,565$118,789$107,148$96,566$70,408
11 years$130,973$117,124$104,580$93,251$83,050$58,338
12 years$118,831$105,124$92,812$81,794$71,969$48,661
13 years$108,565$95,002$82,921$72,212$62,759$40,809
14 years$99,774$86,354$74,505$64,101$55,014$34,374
15 years$92,161$78,886$67,268$57,167$48,438$29,059
16 years$85,506$72,376$60,988$51,187$42,810$24,640
17 years$79,641$66,656$55,497$45,991$37,958$20,945
18 years$74,433$61,593$50,662$41,447$33,751$17,841
19 years$69,778$57,084$46,378$37,451$30,083$15,225
20 years$65,595$53,045$42,564$33,919$26,871$13,011
21 years$61,814$49,409$39,150$30,784$24,046$11,133
22 years$58,382$46,122$36,083$27,990$21,554$9,537
23 years$55,253$43,137$33,316$25,491$19,348$8,176
24 years$52,389$40,416$30,812$23,249$17,390$7,016
25 years$49,758$37,929$28,538$21,232$15,649$6,024
26 years$47,334$35,647$26,468$19,414$14,096$5,175
27 years$45,093$33,548$24,578$17,770$12,709$4,448
28 years$43,015$31,612$22,848$16,281$11,467$3,825
29 years$41,085$29,822$21,262$14,930$10,355$3,290
30 years$39,286$28,164$19,805$13,702$9,356$2,831
31 years$37,607$26,624$18,463$12,584$8,459$2,436
32 years$36,036$25,192$17,227$11,565$7,652$2,097
33 years$34,563$23,857$16,085$10,635$6,925$1,806
34 years$33,180$22,611$15,029$9,785$6,269$1,555
35 years$31,879$21,446$14,051$9,008$5,678$1,339
36 years$30,653$20,356$13,144$8,296$5,145$1,154
37 years$29,496$19,333$12,303$7,644$4,663$994
38 years$28,402$18,374$11,521$7,045$4,228$856
39 years$27,367$17,471$10,794$6,496$3,834$738
40 years$26,386$16,623$10,117$5,992$3,477$636
41 years$25,456$15,823$9,487$5,528$3,155$548
42 years$24,572$15,070$8,899$5,102$2,863$472
43 years$23,731$14,358$8,350$4,710$2,598$407
44 years$22,931$13,686$7,838$4,349$2,358$351
45 years$22,169$13,051$7,360$4,016$2,141$302
46 years$21,442$12,450$6,912$3,710$1,944$261
47 years$20,748$11,881$6,494$3,427$1,765$225
48 years$20,085$11,342$6,103$3,167$1,603$194
49 years$19,450$10,831$5,736$2,927$1,456$167
50 years$18,844$10,347$5,393$2,705$1,322$144

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 $2,976 every year, while hoping to spend $32,077 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: 67/13/20 Blend
60$19,300,000$19,300,000$19,300,000$19,300,000
61$21,271,670$20,248,770$19,949,620$22,590,386
62$23,407,250$21,206,830$20,583,802$24,431,935
63$25,759,585$22,210,760$21,238,155$26,441,006
64$28,350,749$23,262,773$21,913,319$28,637,276
65$31,205,068$24,365,191$22,609,958$31,039,159
66$34,349,347$25,520,448$23,328,754$33,666,920
67$37,813,126$26,731,096$24,070,413$36,542,862
68$41,628,955$27,999,809$24,835,662$39,691,535
69$45,832,703$29,329,395$25,625,251$43,139,960
70$50,463,899$30,722,795$26,439,956$46,917,882
71$55,566,098$32,183,093$27,280,576$51,058,049
72$61,187,300$33,713,525$28,147,936$55,596,511
73$67,380,399$35,317,482$29,042,886$60,572,961
74$74,203,681$36,998,520$29,966,305$66,031,101
75$81,721,379$38,760,370$30,919,098$72,019,050
76$90,004,273$40,606,941$31,902,201$78,589,798
77$99,130,362$42,542,335$32,916,578$85,801,691
78$109,185,601$44,570,851$33,963,226$93,718,986
79$120,264,708$46,696,999$35,043,169$102,412,445
80$132,472,063$48,925,506$36,157,470$111,959,999
81$145,922,689$51,261,332$37,307,221$122,447,477
82$160,743,340$53,709,674$38,493,550$133,969,409
83$177,073,699$56,275,987$39,717,623$146,629,913
84$195,067,693$58,965,987$40,980,640$160,543,668
85$214,894,947$61,785,670$42,283,840$175,836,987
86$236,742,388$64,741,323$43,628,504$192,649,009
87$260,816,003$67,839,540$45,015,952$211,132,996
88$287,342,794$71,087,235$46,447,544$231,457,775
89$316,572,909$74,491,660$47,924,687$253,809,321
90$348,782,012$78,060,418$49,448,830$278,392,504
91$384,273,881$81,801,482$51,021,470$305,433,013
92$423,383,279$85,723,216$52,644,151$335,179,476
93$466,479,109$89,834,390$54,318,466$367,905,795
94$513,967,901$94,144,198$56,046,058$403,913,721
95$566,297,651$98,662,288$57,828,624$443,535,692
96$623,962,043$103,398,771$59,667,915$487,137,959
97$687,505,117$108,364,257$61,565,735$535,124,026
98$757,526,401$113,569,867$63,523,950$587,938,452
99$834,686,572$119,027,270$65,544,481$646,071,030
100$919,713,695$124,748,698$67,629,313$710,061,397