Can I retire at age 61 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,547,898
2 years$801,262$786,339$771,877$757,855$744,253$729,109
3 years$528,869$513,882$499,455$485,565$472,185$457,399
4 years$392,699$377,757$363,476$349,822$336,766$322,453
5 years$311,018$296,166$282,072$268,697$256,004$242,206
6 years$256,582$241,842$227,956$214,879$202,567$189,301
7 years$217,714$203,099$189,433$176,664$164,742$152,013
8 years$188,577$174,093$160,654$148,199$136,669$124,478
9 years$165,926$151,579$138,371$126,233$115,095$103,437
10 years$147,817$133,610$120,635$108,814$98,067$86,935
11 years$133,009$118,945$106,205$94,701$84,341$73,726
12 years$120,678$106,759$94,254$83,065$73,088$62,980
13 years$110,253$96,479$84,210$73,334$63,734$54,121
14 years$101,324$87,696$75,663$65,098$55,869$46,738
15 years$93,593$80,112$68,314$58,056$49,191$40,529
16 years$86,835$73,501$61,936$51,983$43,475$35,268
17 years$80,879$67,692$56,360$46,706$38,548$30,780
18 years$75,590$62,550$51,449$42,092$34,275$26,932
19 years$70,863$57,971$47,099$38,033$30,550$23,616
20 years$66,614$53,870$43,225$34,446$27,288$20,748
21 years$62,775$50,177$39,759$31,262$24,420$18,257
22 years$59,290$46,839$36,644$28,425$21,889$16,089
23 years$56,112$43,807$33,834$25,887$19,649$14,195
24 years$53,204$41,045$31,291$23,610$17,661$12,538
25 years$50,532$38,518$28,982$21,562$15,892$11,085
26 years$48,070$36,201$26,879$19,715$14,315$9,808
27 years$45,794$34,069$24,960$18,046$12,906$8,685
28 years$43,684$32,103$23,203$16,534$11,645$7,695
29 years$41,724$30,286$21,592$15,162$10,516$6,822
30 years$39,897$28,602$20,113$13,915$9,501$6,051
31 years$38,192$27,038$18,750$12,780$8,590$5,370
32 years$36,596$25,584$17,494$11,745$7,770$4,767
33 years$35,101$24,228$16,335$10,800$7,032$4,233
34 years$33,696$22,963$15,262$9,937$6,367$3,760
35 years$32,375$21,780$14,269$9,148$5,767$3,341
36 years$31,129$20,672$13,348$8,425$5,225$2,970
37 years$29,954$19,634$12,494$7,763$4,736$2,640
38 years$28,843$18,659$11,700$7,155$4,293$2,347
39 years$27,792$17,743$10,962$6,597$3,893$2,087
40 years$26,796$16,881$10,274$6,085$3,531$1,856
41 years$25,851$16,069$9,634$5,614$3,204$1,651
42 years$24,954$15,304$9,037$5,181$2,907$1,469
43 years$24,100$14,581$8,480$4,783$2,638$1,307
44 years$23,288$13,899$7,960$4,416$2,395$1,163
45 years$22,513$13,254$7,474$4,078$2,174$1,035
46 years$21,775$12,644$7,020$3,767$1,974$921
47 years$21,070$12,066$6,595$3,481$1,792$820
48 years$20,397$11,519$6,198$3,216$1,628$730
49 years$19,753$11,000$5,825$2,972$1,478$649
50 years$19,136$10,507$5,477$2,747$1,343$578

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,600,000, adding $5,700 every year, while hoping to spend $38,627 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: 84/11/5 Blend
60$19,600,000$19,600,000$19,600,000$19,600,000
61$21,605,080$20,566,280$20,262,480$23,419,051
62$23,767,699$21,532,928$20,900,174$25,569,796
63$26,149,611$22,545,648$21,557,936$27,925,652
64$28,773,142$23,606,656$22,236,398$30,511,816
65$31,662,896$24,718,276$22,936,211$33,351,364
66$34,845,985$25,882,945$23,658,047$36,469,709
67$38,352,282$27,103,216$24,402,599$39,894,836
68$42,214,711$28,381,769$25,170,582$43,657,567
69$46,469,547$29,721,412$25,962,732$47,791,844
70$51,156,769$31,125,089$26,779,811$52,335,053
71$56,320,427$32,595,887$27,622,603$57,328,370
72$62,009,068$34,137,042$28,491,917$62,817,145
73$68,276,184$35,751,949$29,388,588$68,851,332
74$75,180,726$37,444,165$30,313,477$75,485,956
75$82,787,652$39,217,421$31,267,470$82,781,623
76$91,168,547$41,075,630$32,251,485$90,805,098
77$100,402,296$43,022,892$33,266,467$99,629,923
78$110,575,825$45,063,508$34,313,388$109,337,113
79$121,784,927$47,201,989$35,393,255$120,015,913
80$134,135,165$49,443,061$36,507,104$131,764,640
81$147,742,864$51,791,683$37,656,004$144,691,602
82$162,736,215$54,253,055$38,841,059$158,916,119
83$179,256,480$56,832,626$40,063,406$174,569,643
84$197,459,330$59,536,113$41,324,219$191,796,995
85$217,516,308$62,369,510$42,624,707$210,757,724
86$239,616,457$65,339,101$43,966,120$231,627,614
87$263,968,095$68,451,476$45,349,745$254,600,327
88$290,800,790$71,713,548$46,776,910$279,889,235
89$320,367,519$75,132,561$48,248,986$307,729,424
90$352,947,065$78,716,114$49,767,385$338,379,904
91$388,846,638$82,472,177$51,333,565$372,126,052
92$428,404,786$86,409,104$52,949,031$409,282,295
93$471,994,582$90,535,658$54,615,331$450,195,071
94$520,027,152$94,861,028$56,334,067$495,246,094
95$572,955,551$99,394,848$58,106,888$544,855,947
96$631,279,044$104,147,222$59,935,495$599,488,042
97$695,547,817$109,128,747$61,821,645$659,652,989
98$766,368,172$114,350,533$63,767,148$725,913,406
99$844,408,249$119,824,232$65,773,870$798,889,219
100$930,404,335$125,562,065$67,843,740$879,263,504