Can I retire at age 61 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,506,530
2 years$793,086$778,316$764,001$750,121$736,659$696,178
3 years$523,472$508,638$494,359$480,610$467,367$428,126
4 years$388,691$373,903$359,767$346,252$333,330$295,630
5 years$307,844$293,144$279,194$265,955$253,392$217,338
6 years$253,964$239,374$225,630$212,686$200,500$166,127
7 years$215,493$201,026$187,500$174,861$163,061$130,370
8 years$186,653$172,317$159,015$146,687$135,274$104,251
9 years$164,233$150,033$136,959$124,945$113,921$84,537
10 years$146,308$132,246$119,404$107,703$97,066$69,286
11 years$131,652$117,731$105,121$93,734$83,480$57,262
12 years$119,447$105,669$93,293$82,218$72,342$47,639
13 years$109,128$95,494$83,351$72,586$63,084$39,844
14 years$100,290$86,801$74,891$64,434$55,299$33,470
15 years$92,638$79,295$67,617$57,463$48,689$28,216
16 years$85,949$72,751$61,304$51,452$43,032$23,856
17 years$80,053$67,001$55,784$46,229$38,155$20,220
18 years$74,818$61,912$50,924$41,662$33,926$17,173
19 years$70,140$57,380$46,619$37,645$30,239$14,611
20 years$65,934$53,320$42,784$34,095$27,010$12,448
21 years$62,135$49,665$39,353$30,943$24,171$10,619
22 years$58,685$46,361$36,270$28,135$21,666$9,068
23 years$55,539$43,360$33,489$25,623$19,448$7,750
24 years$52,661$40,626$30,972$23,369$17,481$6,629
25 years$50,016$38,125$28,686$21,342$15,730$5,674
26 years$47,579$35,832$26,605$19,514$14,169$4,858
27 years$45,326$33,722$24,705$17,862$12,774$4,162
28 years$43,238$31,776$22,966$16,365$11,527$3,568
29 years$41,298$29,977$21,372$15,007$10,408$3,059
30 years$39,490$28,310$19,907$13,773$9,404$2,623
31 years$37,802$26,762$18,559$12,649$8,503$2,250
32 years$36,223$25,323$17,316$11,625$7,691$1,931
33 years$34,743$23,981$16,168$10,690$6,961$1,657
34 years$33,352$22,728$15,106$9,836$6,302$1,422
35 years$32,044$21,558$14,123$9,055$5,708$1,221
36 years$30,812$20,461$13,212$8,339$5,172$1,048
37 years$29,648$19,434$12,366$7,683$4,687$900
38 years$28,549$18,469$11,581$7,082$4,249$773
39 years$27,509$17,562$10,850$6,530$3,854$663
40 years$26,523$16,709$10,169$6,023$3,495$570
41 years$25,587$15,905$9,536$5,557$3,171$489
42 years$24,699$15,148$8,945$5,128$2,877$420
43 years$23,854$14,433$8,393$4,734$2,611$361
44 years$23,050$13,757$7,879$4,371$2,370$310
45 years$22,284$13,119$7,398$4,037$2,152$266
46 years$21,553$12,515$6,948$3,729$1,954$229
47 years$20,855$11,943$6,528$3,445$1,774$197
48 years$20,189$11,401$6,134$3,183$1,611$169
49 years$19,551$10,887$5,766$2,942$1,463$145
50 years$18,941$10,400$5,421$2,719$1,329$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,400,000, adding $5,847 every year, while hoping to spend $46,021 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: 53/24/23 Blend
60$19,400,000$19,400,000$19,400,000$19,400,000
61$21,384,831$20,356,631$20,055,931$22,381,962
62$23,517,118$21,305,140$20,678,839$24,018,254
63$25,865,356$22,298,584$21,321,072$25,792,650
64$28,451,522$23,339,115$21,983,228$27,722,606
65$31,299,837$24,428,991$22,665,926$29,822,981
66$34,436,987$25,570,578$23,369,801$32,110,110
67$37,892,380$26,766,357$24,095,510$34,601,949
68$41,698,422$28,018,928$24,843,728$37,318,241
69$45,890,823$29,331,016$25,615,155$40,280,694
70$50,508,932$30,705,481$26,410,507$43,513,182
71$55,596,111$32,145,318$27,230,528$47,041,962
72$61,200,144$33,653,668$28,075,979$50,895,913
73$67,373,684$35,233,823$28,947,651$55,106,807
74$74,174,756$36,889,237$29,846,353$59,709,593
75$81,667,300$38,623,528$30,772,925$64,742,729
76$89,921,774$40,440,491$31,728,228$70,248,526
77$99,015,825$42,344,104$32,713,152$76,273,547
78$109,035,012$44,338,538$33,728,616$82,869,033
79$120,073,622$46,428,166$34,775,564$90,091,380
80$132,235,558$48,617,572$35,854,972$98,002,658
81$145,635,315$50,911,564$36,967,844$106,671,189
82$160,399,068$53,315,181$38,115,217$116,172,181
83$176,665,855$55,833,707$39,298,159$126,588,427
84$194,588,896$58,472,682$40,517,770$138,011,072
85$214,337,035$61,237,916$41,775,188$150,540,465
86$236,096,337$64,135,498$43,071,581$164,287,088
87$260,071,841$67,171,815$44,408,156$179,372,594
88$286,489,497$70,353,562$45,786,158$195,930,931
89$315,598,299$73,687,760$47,206,868$214,109,599
90$347,672,636$77,181,771$48,671,608$234,071,027
91$383,014,879$80,843,312$50,181,741$255,994,083
92$421,958,240$84,680,477$51,738,673$280,075,756
93$464,869,912$88,701,752$53,343,850$306,532,990
94$512,154,541$92,916,036$54,998,767$335,604,717
95$564,258,041$97,332,658$56,704,962$367,554,093
96$621,671,805$101,961,403$58,464,023$402,670,962
97$684,937,346$106,812,528$60,277,585$441,274,572
98$754,651,406$111,896,792$62,147,333$483,716,564
99$831,471,588$117,225,474$64,075,008$530,384,273
100$916,122,570$122,810,402$66,062,401$581,704,357