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%13.9%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,521,982
2 years$793,086$778,316$764,001$750,121$736,659$711,539
3 years$523,472$508,638$494,359$480,610$467,367$442,910
4 years$388,691$373,903$359,767$346,252$333,330$309,725
5 years$307,844$293,144$279,194$265,955$253,392$230,708
6 years$253,964$239,374$225,630$212,686$200,500$178,762
7 years$215,493$201,026$187,500$174,861$163,061$142,275
8 years$186,653$172,317$159,015$146,687$135,274$115,438
9 years$164,233$150,033$136,959$124,945$113,921$95,023
10 years$146,308$132,246$119,404$107,703$97,066$79,091
11 years$131,652$117,731$105,121$93,734$83,480$66,409
12 years$119,447$105,669$93,293$82,218$72,342$56,154
13 years$109,128$95,494$83,351$72,586$63,084$47,754
14 years$100,290$86,801$74,891$64,434$55,299$40,802
15 years$92,638$79,295$67,617$57,463$48,689$34,999
16 years$85,949$72,751$61,304$51,452$43,032$30,120
17 years$80,053$67,001$55,784$46,229$38,155$25,992
18 years$74,818$61,912$50,924$41,662$33,926$22,483
19 years$70,140$57,380$46,619$37,645$30,239$19,487
20 years$65,934$53,320$42,784$34,095$27,010$16,919
21 years$62,135$49,665$39,353$30,943$24,171$14,710
22 years$58,685$46,361$36,270$28,135$21,666$12,806
23 years$55,539$43,360$33,489$25,623$19,448$11,161
24 years$52,661$40,626$30,972$23,369$17,481$9,736
25 years$50,016$38,125$28,686$21,342$15,730$8,500
26 years$47,579$35,832$26,605$19,514$14,169$7,427
27 years$45,326$33,722$24,705$17,862$12,774$6,492
28 years$43,238$31,776$22,966$16,365$11,527$5,679
29 years$41,298$29,977$21,372$15,007$10,408$4,970
30 years$39,490$28,310$19,907$13,773$9,404$4,351
31 years$37,802$26,762$18,559$12,649$8,503$3,810
32 years$36,223$25,323$17,316$11,625$7,691$3,338
33 years$34,743$23,981$16,168$10,690$6,961$2,925
34 years$33,352$22,728$15,106$9,836$6,302$2,564
35 years$32,044$21,558$14,123$9,055$5,708$2,247
36 years$30,812$20,461$13,212$8,339$5,172$1,971
37 years$29,648$19,434$12,366$7,683$4,687$1,728
38 years$28,549$18,469$11,581$7,082$4,249$1,516
39 years$27,509$17,562$10,850$6,530$3,854$1,330
40 years$26,523$16,709$10,169$6,023$3,495$1,166
41 years$25,587$15,905$9,536$5,557$3,171$1,023
42 years$24,699$15,148$8,945$5,128$2,877$898
43 years$23,854$14,433$8,393$4,734$2,611$788
44 years$23,050$13,757$7,879$4,371$2,370$692
45 years$22,284$13,119$7,398$4,037$2,152$607
46 years$21,553$12,515$6,948$3,729$1,954$533
47 years$20,855$11,943$6,528$3,445$1,774$467
48 years$20,189$11,401$6,134$3,183$1,611$410
49 years$19,551$10,887$5,766$2,942$1,463$360
50 years$18,941$10,400$5,421$2,719$1,329$316

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 $4,827 every year, while hoping to spend $59,841 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: 67/7/26 Blend
60$19,400,000$19,400,000$19,400,000$19,400,000
61$21,383,779$20,355,579$20,054,879$22,671,755
62$23,501,254$21,289,332$20,663,047$24,472,683
63$25,832,706$22,266,833$21,289,583$26,434,383
64$28,399,897$23,290,163$21,935,040$28,578,593
65$31,226,808$24,361,503$22,599,985$30,923,332
66$34,339,863$25,483,136$23,285,004$33,488,435
67$37,768,178$26,657,460$23,990,701$36,295,739
68$41,543,840$27,886,983$24,717,697$39,369,285
69$45,702,203$29,174,337$25,466,632$42,735,542
70$50,282,228$30,522,279$26,238,164$46,423,655
71$55,326,845$31,933,700$27,032,972$50,465,718
72$60,883,361$33,411,629$27,851,754$54,897,069
73$67,003,907$34,959,242$28,695,231$59,756,625
74$73,745,927$36,579,867$29,564,144$65,087,243
75$81,172,724$38,276,993$30,459,255$70,936,124
76$89,354,052$40,054,276$31,381,350$77,355,250
77$98,366,780$41,915,550$32,331,240$84,401,875
78$108,295,613$43,864,833$33,309,758$92,139,059
79$119,233,892$45,906,337$34,317,761$100,636,261
80$131,284,478$48,044,476$35,356,135$109,969,989
81$144,560,718$50,283,879$36,425,789$120,224,517
82$159,187,519$52,629,397$37,527,661$131,492,675
83$175,302,525$55,086,116$38,662,716$143,876,727
84$193,057,414$57,659,368$39,831,949$157,489,320
85$212,619,335$60,354,741$41,036,383$172,454,552
86$234,172,478$63,178,094$42,277,073$188,909,134
87$257,919,819$66,135,569$43,555,104$207,003,673
88$284,085,035$69,233,606$44,871,594$226,904,092
89$312,914,611$72,478,955$46,227,695$248,793,186
90$344,680,170$75,878,693$47,624,591$272,872,344
91$379,681,036$79,440,237$49,063,504$299,363,443
92$418,247,060$83,171,368$50,545,690$328,510,933
93$460,741,734$87,080,238$52,072,444$360,584,142
94$507,565,619$91,175,398$53,645,099$395,879,807
95$559,160,129$95,465,809$55,265,027$434,724,869
96$616,011,698$99,960,870$56,933,641$477,479,551
97$678,656,370$104,670,431$58,652,397$524,540,751
98$747,684,860$109,604,823$60,422,792$576,345,780
99$823,748,130$114,774,874$62,246,370$633,376,479
100$907,563,536$120,191,939$64,124,720$696,163,760