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%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,498,594
2 years$797,174$782,328$767,939$753,988$740,456$684,290
3 years$526,170$511,260$496,907$483,087$469,776$415,572
4 years$390,695$375,830$361,621$348,037$335,048$283,221
5 years$309,431$294,655$280,633$267,326$254,698$205,383
6 years$255,273$240,608$226,793$213,783$201,534$154,766
7 years$216,603$202,062$188,466$175,763$163,901$119,670
8 years$187,615$173,205$159,834$147,443$135,972$94,239
9 years$165,080$150,806$137,665$125,589$114,508$75,218
10 years$147,062$132,928$120,020$108,259$97,566$60,650
11 years$132,330$118,338$105,663$94,217$83,910$49,290
12 years$120,063$106,214$93,774$82,641$72,715$40,306
13 years$109,690$95,986$83,780$72,960$63,409$33,122
14 years$100,807$87,249$75,277$64,766$55,584$27,326
15 years$93,116$79,703$67,965$57,760$48,940$22,617
16 years$86,392$73,126$61,620$51,717$43,254$18,768
17 years$80,466$67,347$56,072$46,468$38,352$15,607
18 years$75,204$62,231$51,187$41,877$34,101$13,001
19 years$70,501$57,675$46,859$37,839$30,395$10,846
20 years$66,274$53,595$43,005$34,271$27,149$9,059
21 years$62,455$49,921$39,556$31,103$24,295$7,574
22 years$58,987$46,600$36,457$28,280$21,777$6,338
23 years$55,826$43,584$33,662$25,755$19,549$5,307
24 years$52,932$40,835$31,131$23,490$17,571$4,447
25 years$50,274$38,322$28,834$21,452$15,811$3,727
26 years$47,824$36,016$26,742$19,615$14,242$3,126
27 years$45,560$33,896$24,832$17,954$12,840$2,622
28 years$43,461$31,940$23,085$16,450$11,586$2,200
29 years$41,511$30,131$21,482$15,085$10,462$1,847
30 years$39,694$28,456$20,010$13,844$9,453$1,550
31 years$37,997$26,900$18,655$12,715$8,546$1,302
32 years$36,410$25,453$17,405$11,685$7,731$1,093
33 years$34,922$24,105$16,251$10,745$6,996$918
34 years$33,524$22,846$15,184$9,887$6,334$771
35 years$32,209$21,669$14,196$9,101$5,737$648
36 years$30,971$20,567$13,280$8,382$5,198$544
37 years$29,801$19,534$12,430$7,723$4,711$457
38 years$28,696$18,564$11,640$7,118$4,271$384
39 years$27,651$17,653$10,906$6,564$3,873$323
40 years$26,660$16,795$10,222$6,054$3,513$271
41 years$25,719$15,987$9,585$5,585$3,187$228
42 years$24,826$15,226$8,991$5,155$2,892$191
43 years$23,977$14,507$8,437$4,758$2,625$161
44 years$23,169$13,828$7,919$4,394$2,383$135
45 years$22,399$13,186$7,436$4,058$2,163$114
46 years$21,664$12,579$6,984$3,748$1,964$95
47 years$20,963$12,005$6,561$3,463$1,783$80
48 years$20,293$11,460$6,166$3,200$1,619$67
49 years$19,652$10,944$5,796$2,957$1,471$57
50 years$19,039$10,454$5,449$2,733$1,336$48

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 $2,817 every year, while hoping to spend $56,824 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: 53/22/25 Blend
60$19,500,000$19,500,000$19,500,000$19,500,000
61$21,491,906$20,458,406$20,156,156$22,481,587
62$23,623,620$21,400,407$20,770,927$24,107,512
63$25,970,864$22,386,662$21,404,388$25,869,862
64$28,555,563$23,419,280$22,057,106$27,786,578
65$31,401,875$24,500,469$22,729,663$29,872,432
66$34,536,420$25,632,546$23,422,661$32,143,662
67$37,988,533$26,817,939$24,136,718$34,618,120
68$41,790,538$28,059,192$24,872,472$37,315,439
69$45,978,053$29,358,972$25,630,580$40,257,206
70$50,590,328$30,720,076$26,411,718$43,467,167
71$55,670,614$32,145,433$27,216,584$46,971,439
72$61,266,572$33,638,114$28,045,895$50,798,753
73$67,430,721$35,201,340$28,900,391$54,980,717
74$74,220,934$36,838,485$29,780,833$59,552,110
75$81,700,986$38,553,087$30,688,008$64,551,198
76$89,941,152$40,348,855$31,622,722$70,020,092
77$99,018,876$42,229,674$32,585,809$76,005,136
78$109,019,495$44,199,622$33,578,127$82,557,334
79$120,037,049$46,262,969$34,600,560$89,732,826
80$132,175,166$48,424,193$35,654,017$97,593,405
81$145,548,043$50,687,988$36,739,437$106,207,096
82$160,281,521$53,059,277$37,857,785$115,648,781
83$176,514,272$55,543,217$39,010,057$126,000,903
84$194,399,110$58,145,218$40,197,276$137,354,227
85$214,104,434$60,870,948$41,420,500$149,808,689
86$235,815,815$63,726,353$42,680,815$163,474,327
87$259,737,747$66,717,664$43,979,342$178,472,305
88$286,095,582$69,851,413$45,317,234$194,936,049
89$315,137,649$73,134,451$46,695,679$213,012,487
90$347,137,608$76,573,957$48,115,903$232,863,424
91$382,397,023$80,177,461$49,579,165$254,667,058
92$421,248,218$83,952,854$51,086,765$278,619,641
93$464,057,405$87,908,414$52,640,041$304,937,320
94$511,228,149$92,052,814$54,240,371$333,858,159
95$563,205,170$96,395,152$55,889,173$365,644,368
96$620,478,548$100,944,964$57,587,911$400,584,762
97$683,588,343$105,712,251$59,338,089$438,997,466
98$753,129,698$110,707,496$61,141,259$481,232,900
99$829,758,455$115,941,691$62,999,019$527,677,064
100$914,197,345$121,426,361$64,913,014$578,755,162