Can I retire at age 61 with 19,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,521,076
2 years$797,174$782,328$767,939$753,988$740,456$706,491
3 years$526,170$511,260$496,907$483,087$469,776$436,788
4 years$390,695$375,830$361,621$348,037$335,048$303,292
5 years$309,431$294,655$280,633$267,326$254,698$224,263
6 years$255,273$240,608$226,793$213,783$201,534$172,452
7 years$216,603$202,062$188,466$175,763$163,901$136,178
8 years$187,615$173,205$159,834$147,443$135,972$109,597
9 years$165,080$150,806$137,665$125,589$114,508$89,463
10 years$147,062$132,928$120,020$108,259$97,566$73,826
11 years$132,330$118,338$105,663$94,217$83,910$61,443
12 years$120,063$106,214$93,774$82,641$72,715$51,486
13 years$109,690$95,986$83,780$72,960$63,409$43,380
14 years$100,807$87,249$75,277$64,766$55,584$36,716
15 years$93,116$79,703$67,965$57,760$48,940$31,191
16 years$86,392$73,126$61,620$51,717$43,254$26,579
17 years$80,466$67,347$56,072$46,468$38,352$22,708
18 years$75,204$62,231$51,187$41,877$34,101$19,443
19 years$70,501$57,675$46,859$37,839$30,395$16,678
20 years$66,274$53,595$43,005$34,271$27,149$14,329
21 years$62,455$49,921$39,556$31,103$24,295$12,327
22 years$58,987$46,600$36,457$28,280$21,777$10,616
23 years$55,826$43,584$33,662$25,755$19,549$9,152
24 years$52,932$40,835$31,131$23,490$17,571$7,896
25 years$50,274$38,322$28,834$21,452$15,811$6,818
26 years$47,824$36,016$26,742$19,615$14,242$5,890
27 years$45,560$33,896$24,832$17,954$12,840$5,092
28 years$43,461$31,940$23,085$16,450$11,586$4,403
29 years$41,511$30,131$21,482$15,085$10,462$3,809
30 years$39,694$28,456$20,010$13,844$9,453$3,297
31 years$37,997$26,900$18,655$12,715$8,546$2,854
32 years$36,410$25,453$17,405$11,685$7,731$2,471
33 years$34,922$24,105$16,251$10,745$6,996$2,140
34 years$33,524$22,846$15,184$9,887$6,334$1,854
35 years$32,209$21,669$14,196$9,101$5,737$1,606
36 years$30,971$20,567$13,280$8,382$5,198$1,392
37 years$29,801$19,534$12,430$7,723$4,711$1,206
38 years$28,696$18,564$11,640$7,118$4,271$1,045
39 years$27,651$17,653$10,906$6,564$3,873$906
40 years$26,660$16,795$10,222$6,054$3,513$785
41 years$25,719$15,987$9,585$5,585$3,187$681
42 years$24,826$15,226$8,991$5,155$2,892$590
43 years$23,977$14,507$8,437$4,758$2,625$512
44 years$23,169$13,828$7,919$4,394$2,383$444
45 years$22,399$13,186$7,436$4,058$2,163$385
46 years$21,664$12,579$6,984$3,748$1,964$334
47 years$20,963$12,005$6,561$3,463$1,783$289
48 years$20,293$11,460$6,166$3,200$1,619$251
49 years$19,652$10,944$5,796$2,957$1,471$218
50 years$19,039$10,454$5,449$2,733$1,336$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,500,000, adding $6,058 every year, while hoping to spend $34,040 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: 58/17/25 Blend
60$19,500,000$19,500,000$19,500,000$19,500,000
61$21,495,249$20,461,749$20,159,499$22,596,083
62$23,651,546$21,428,156$20,798,624$24,314,997
63$26,026,644$22,440,777$21,458,018$26,184,104
64$28,642,826$23,501,839$22,138,326$28,221,345
65$31,524,645$24,613,679$22,840,210$30,443,004
66$34,699,156$25,778,747$23,564,355$32,866,988
67$38,196,177$26,999,612$24,311,468$35,512,993
68$42,048,561$28,278,968$25,082,276$38,402,689
69$46,292,514$29,619,637$25,877,532$41,559,914
70$50,967,933$31,024,582$26,698,012$45,010,898
71$56,118,783$32,496,906$27,544,516$48,784,501
72$61,793,511$34,039,867$28,417,869$52,912,483
73$68,045,505$35,656,877$29,318,924$57,429,798
74$74,933,598$37,351,516$30,248,560$62,374,913
75$82,522,622$39,127,536$31,207,683$67,790,170
76$90,884,018$40,988,875$32,197,229$73,722,176
77$100,096,516$42,939,657$33,218,164$80,222,237
78$110,246,871$44,984,212$34,271,484$87,346,833
79$121,430,690$47,127,075$35,358,216$95,158,145
80$133,753,324$49,373,006$36,479,420$103,724,635
81$147,330,874$51,726,994$37,636,191$113,121,680
82$162,291,277$54,194,270$38,829,658$123,432,279
83$178,775,519$56,780,322$40,060,984$134,747,823
84$196,938,967$59,490,902$41,331,371$147,168,952
85$216,952,828$62,332,043$42,642,059$160,806,492
86$239,005,776$65,310,072$43,994,327$175,782,495
87$263,305,722$68,431,623$45,389,494$192,231,373
88$290,081,785$71,703,653$46,828,922$210,301,163
89$319,586,452$75,133,456$48,314,015$230,154,908
90$352,097,959$78,728,685$49,846,224$251,972,184
91$387,922,921$82,497,360$51,427,043$275,950,785
92$427,399,225$86,447,897$53,058,014$302,308,573
93$470,899,219$90,589,117$54,740,731$331,285,525
94$518,833,228$94,930,272$56,476,834$363,145,976
95$571,653,429$99,481,067$58,268,019$398,181,110
96$629,858,115$104,251,675$60,116,034$436,711,681
97$693,996,404$109,252,769$62,022,683$479,091,034
98$764,673,420$114,495,538$63,989,826$525,708,416
99$842,556,008$119,991,718$66,019,384$576,992,636
100$928,379,026$125,753,617$68,113,338$633,416,093