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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,494,443
2 years$797,174$782,328$767,939$753,988$740,456$680,220
3 years$526,170$511,260$496,907$483,087$469,776$411,714
4 years$390,695$375,830$361,621$348,037$335,048$279,603
5 years$309,431$294,655$280,633$267,326$254,698$202,011
6 years$255,273$240,608$226,793$213,783$201,534$151,640
7 years$216,603$202,062$188,466$175,763$163,901$116,784
8 years$187,615$173,205$159,834$147,443$135,972$91,585
9 years$165,080$150,806$137,665$125,589$114,508$72,785
10 years$147,062$132,928$120,020$108,259$97,566$58,429
11 years$132,330$118,338$105,663$94,217$83,910$47,269
12 years$120,063$106,214$93,774$82,641$72,715$38,473
13 years$109,690$95,986$83,780$72,960$63,409$31,464
14 years$100,807$87,249$75,277$64,766$55,584$25,832
15 years$93,116$79,703$67,965$57,760$48,940$21,273
16 years$86,392$73,126$61,620$51,717$43,254$17,563
17 years$80,466$67,347$56,072$46,468$38,352$14,530
18 years$75,204$62,231$51,187$41,877$34,101$12,041
19 years$70,501$57,675$46,859$37,839$30,395$9,992
20 years$66,274$53,595$43,005$34,271$27,149$8,301
21 years$62,455$49,921$39,556$31,103$24,295$6,903
22 years$58,987$46,600$36,457$28,280$21,777$5,745
23 years$55,826$43,584$33,662$25,755$19,549$4,784
24 years$52,932$40,835$31,131$23,490$17,571$3,986
25 years$50,274$38,322$28,834$21,452$15,811$3,323
26 years$47,824$36,016$26,742$19,615$14,242$2,771
27 years$45,560$33,896$24,832$17,954$12,840$2,311
28 years$43,461$31,940$23,085$16,450$11,586$1,928
29 years$41,511$30,131$21,482$15,085$10,462$1,609
30 years$39,694$28,456$20,010$13,844$9,453$1,343
31 years$37,997$26,900$18,655$12,715$8,546$1,121
32 years$36,410$25,453$17,405$11,685$7,731$936
33 years$34,922$24,105$16,251$10,745$6,996$782
34 years$33,524$22,846$15,184$9,887$6,334$653
35 years$32,209$21,669$14,196$9,101$5,737$545
36 years$30,971$20,567$13,280$8,382$5,198$455
37 years$29,801$19,534$12,430$7,723$4,711$380
38 years$28,696$18,564$11,640$7,118$4,271$318
39 years$27,651$17,653$10,906$6,564$3,873$265
40 years$26,660$16,795$10,222$6,054$3,513$222
41 years$25,719$15,987$9,585$5,585$3,187$185
42 years$24,826$15,226$8,991$5,155$2,892$155
43 years$23,977$14,507$8,437$4,758$2,625$129
44 years$23,169$13,828$7,919$4,394$2,383$108
45 years$22,399$13,186$7,436$4,058$2,163$90
46 years$21,664$12,579$6,984$3,748$1,964$75
47 years$20,963$12,005$6,561$3,463$1,783$63
48 years$20,293$11,460$6,166$3,200$1,619$53
49 years$19,652$10,944$5,796$2,957$1,471$44
50 years$19,039$10,454$5,449$2,733$1,336$37

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 $6,964 every year, while hoping to spend $50,277 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: 52/43/5 Blend
60$19,500,000$19,500,000$19,500,000$19,500,000
61$21,496,183$20,462,683$20,160,433$22,589,522
62$23,635,300$21,411,861$20,782,314$24,280,200
63$25,990,921$22,405,862$21,423,342$26,111,683
64$28,585,077$23,446,832$22,084,106$28,102,065
65$31,442,045$24,537,016$22,765,213$30,266,303
66$34,588,573$25,678,770$23,467,288$32,620,821
67$38,054,140$26,874,562$24,190,975$35,183,656
68$41,871,228$28,126,981$24,936,937$37,974,625
69$46,075,628$29,438,738$25,705,859$41,015,497
70$50,706,783$30,812,678$26,498,447$44,330,193
71$55,808,157$32,251,781$27,315,427$47,945,001
72$61,427,643$33,759,172$28,157,548$51,888,816
73$67,618,019$35,338,128$29,025,582$56,193,398
74$74,437,444$36,992,082$29,920,326$60,893,666
75$81,950,004$38,724,636$30,842,598$66,028,010
76$90,226,324$40,539,563$31,793,245$71,638,648
77$99,344,228$42,440,820$32,773,137$77,772,004
78$109,389,474$44,432,555$33,783,172$84,479,141
79$120,456,568$46,519,117$34,824,275$91,816,223
80$132,649,650$48,705,066$35,897,401$99,845,033
81$146,083,482$50,995,182$37,003,531$108,633,541
82$160,884,527$53,394,476$38,143,680$118,256,529
83$177,192,145$55,908,202$39,318,890$128,796,279
84$195,159,908$58,541,869$40,530,237$140,343,335
85$214,957,050$61,301,251$41,778,831$152,997,338
86$236,770,061$64,192,404$43,065,813$166,867,943
87$260,804,452$67,221,677$44,392,363$182,075,843
88$287,286,692$70,395,725$45,759,693$198,753,878
89$316,466,346$73,721,527$47,169,055$217,048,271
90$348,618,432$77,206,401$48,621,737$237,119,987
91$384,046,016$80,858,018$50,119,068$259,146,223
92$423,083,070$84,684,421$51,662,418$283,322,059
93$466,097,632$88,694,046$53,253,197$309,862,272
94$513,495,271$92,895,736$54,892,860$339,003,335
95$565,722,924$97,298,762$56,582,906$371,005,620
96$623,273,108$101,912,847$58,324,879$406,155,825
97$686,688,574$106,748,185$60,120,371$444,769,648
98$756,567,428$111,815,466$61,971,023$487,194,735
99$833,568,778$117,125,897$63,878,526$533,813,926
100$918,418,958$122,691,230$65,844,621$585,048,828