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%18.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,487,958
2 years$788,998$774,304$760,063$746,255$732,861$681,924
3 years$520,774$506,016$491,811$478,133$464,957$415,733
4 years$386,688$371,975$357,912$344,468$331,612$284,476
5 years$306,257$291,633$277,755$264,584$252,086$207,165
6 years$252,655$238,140$224,467$211,590$199,467$156,797
7 years$214,382$199,990$186,533$173,960$162,220$121,796
8 years$185,691$171,428$158,195$145,931$134,577$96,369
9 years$163,387$149,259$136,253$124,301$113,333$77,295
10 years$145,554$131,565$118,789$107,148$96,566$62,640
11 years$130,973$117,124$104,580$93,251$83,050$51,173
12 years$118,831$105,124$92,812$81,794$71,969$42,069
13 years$108,565$95,002$82,921$72,212$62,759$34,760
14 years$99,774$86,354$74,505$64,101$55,014$28,838
15 years$92,161$78,886$67,268$57,167$48,438$24,004
16 years$85,506$72,376$60,988$51,187$42,810$20,035
17 years$79,641$66,656$55,497$45,991$37,958$16,759
18 years$74,433$61,593$50,662$41,447$33,751$14,044
19 years$69,778$57,084$46,378$37,451$30,083$11,788
20 years$65,595$53,045$42,564$33,919$26,871$9,906
21 years$61,814$49,409$39,150$30,784$24,046$8,334
22 years$58,382$46,122$36,083$27,990$21,554$7,018
23 years$55,253$43,137$33,316$25,491$19,348$5,913
24 years$52,389$40,416$30,812$23,249$17,390$4,986
25 years$49,758$37,929$28,538$21,232$15,649$4,206
26 years$47,334$35,647$26,468$19,414$14,096$3,550
27 years$45,093$33,548$24,578$17,770$12,709$2,998
28 years$43,015$31,612$22,848$16,281$11,467$2,532
29 years$41,085$29,822$21,262$14,930$10,355$2,139
30 years$39,286$28,164$19,805$13,702$9,356$1,807
31 years$37,607$26,624$18,463$12,584$8,459$1,527
32 years$36,036$25,192$17,227$11,565$7,652$1,291
33 years$34,563$23,857$16,085$10,635$6,925$1,092
34 years$33,180$22,611$15,029$9,785$6,269$923
35 years$31,879$21,446$14,051$9,008$5,678$780
36 years$30,653$20,356$13,144$8,296$5,145$660
37 years$29,496$19,333$12,303$7,644$4,663$558
38 years$28,402$18,374$11,521$7,045$4,228$472
39 years$27,367$17,471$10,794$6,496$3,834$399
40 years$26,386$16,623$10,117$5,992$3,477$338
41 years$25,456$15,823$9,487$5,528$3,155$286
42 years$24,572$15,070$8,899$5,102$2,863$242
43 years$23,731$14,358$8,350$4,710$2,598$204
44 years$22,931$13,686$7,838$4,349$2,358$173
45 years$22,169$13,051$7,360$4,016$2,141$146
46 years$21,442$12,450$6,912$3,710$1,944$124
47 years$20,748$11,881$6,494$3,427$1,765$105
48 years$20,085$11,342$6,103$3,167$1,603$89
49 years$19,450$10,831$5,736$2,927$1,456$75
50 years$18,844$10,347$5,393$2,705$1,322$63

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 $6,117 every year, while hoping to spend $27,709 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: 70/8/22 Blend
60$19,300,000$19,300,000$19,300,000$19,300,000
61$21,274,910$20,252,010$19,952,860$22,647,174
62$23,415,468$21,214,876$20,591,798$24,527,440
63$25,773,435$22,223,994$21,251,213$26,581,068
64$28,370,957$23,281,601$21,931,760$28,828,366
65$31,232,438$24,390,043$22,634,117$31,288,509
66$34,384,770$25,551,778$23,358,983$33,982,609
67$37,857,589$26,769,388$24,107,082$36,933,905
68$41,683,551$28,045,576$24,879,157$40,167,987
69$45,898,643$29,383,179$25,675,978$43,713,026
70$50,542,520$30,785,170$26,498,339$47,600,043
71$55,658,882$32,254,669$27,347,059$51,863,197
72$61,295,886$33,794,945$28,222,983$56,540,102
73$67,506,597$35,409,429$29,126,984$61,672,180
74$74,349,495$37,101,716$30,059,963$67,305,048
75$81,889,022$38,875,577$31,022,849$73,488,943
76$90,196,189$40,734,968$32,016,602$80,279,197
77$99,349,255$42,684,036$33,042,213$87,736,749
78$109,434,454$44,727,129$34,100,702$95,928,719
79$120,546,818$46,868,808$35,193,126$104,929,037
80$132,791,070$49,113,856$36,320,572$114,819,135
81$146,282,613$51,467,289$37,484,164$125,688,712
82$161,148,619$53,934,365$38,685,063$137,636,573
83$177,529,231$56,520,602$39,924,465$150,771,559
84$195,578,883$59,231,782$41,203,606$165,213,569
85$215,467,763$62,073,974$42,523,761$181,094,683
86$237,383,414$65,053,537$43,886,246$198,560,406
87$261,532,506$68,177,144$45,292,419$217,771,032
88$288,142,789$71,451,792$46,743,682$238,903,153
89$317,465,240$74,884,817$48,241,483$262,151,318
90$349,776,437$78,483,914$49,787,314$287,729,865
91$385,381,162$82,257,155$51,382,718$315,874,930
92$424,615,286$86,213,001$53,029,284$346,846,676
93$467,848,936$90,360,329$54,728,656$380,931,739
94$515,489,990$94,708,447$56,482,528$418,445,920
95$567,987,925$99,267,117$58,292,649$459,737,166
96$625,838,065$104,046,578$60,160,825$505,188,837
97$689,586,255$109,057,567$62,088,919$555,223,324
98$759,834,009$114,311,344$64,078,855$610,306,018
99$837,244,198$119,819,721$66,132,617$670,949,699
100$922,547,301$125,595,081$68,252,254$737,719,364