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

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,525,768
2 years$801,262$786,339$771,877$757,855$744,253$707,029
3 years$528,869$513,882$499,455$485,565$472,185$436,063
4 years$392,699$377,757$363,476$349,822$336,766$302,025
5 years$311,018$296,166$282,072$268,697$256,004$222,740
6 years$256,582$241,842$227,956$214,879$202,567$170,815
7 years$217,714$203,099$189,433$176,664$164,742$134,505
8 years$188,577$174,093$160,654$148,199$136,669$107,936
9 years$165,926$151,579$138,371$126,233$115,095$87,843
10 years$147,817$133,610$120,635$108,814$98,067$72,264
11 years$133,009$118,945$106,205$94,701$84,341$59,952
12 years$120,678$106,759$94,254$83,065$73,088$50,073
13 years$110,253$96,479$84,210$73,334$63,734$42,049
14 years$101,324$87,696$75,663$65,098$55,869$35,468
15 years$93,593$80,112$68,314$58,056$49,191$30,026
16 years$86,835$73,501$61,936$51,983$43,475$25,496
17 years$80,879$67,692$56,360$46,706$38,548$21,704
18 years$75,590$62,550$51,449$42,092$34,275$18,515
19 years$70,863$57,971$47,099$38,033$30,550$15,823
20 years$66,614$53,870$43,225$34,446$27,288$13,543
21 years$62,775$50,177$39,759$31,262$24,420$11,606
22 years$59,290$46,839$36,644$28,425$21,889$9,957
23 years$56,112$43,807$33,834$25,887$19,649$8,550
24 years$53,204$41,045$31,291$23,610$17,661$7,348
25 years$50,532$38,518$28,982$21,562$15,892$6,319
26 years$48,070$36,201$26,879$19,715$14,315$5,438
27 years$45,794$34,069$24,960$18,046$12,906$4,681
28 years$43,684$32,103$23,203$16,534$11,645$4,032
29 years$41,724$30,286$21,592$15,162$10,516$3,474
30 years$39,897$28,602$20,113$13,915$9,501$2,994
31 years$38,192$27,038$18,750$12,780$8,590$2,581
32 years$36,596$25,584$17,494$11,745$7,770$2,226
33 years$35,101$24,228$16,335$10,800$7,032$1,920
34 years$33,696$22,963$15,262$9,937$6,367$1,656
35 years$32,375$21,780$14,269$9,148$5,767$1,429
36 years$31,129$20,672$13,348$8,425$5,225$1,233
37 years$29,954$19,634$12,494$7,763$4,736$1,064
38 years$28,843$18,659$11,700$7,155$4,293$918
39 years$27,792$17,743$10,962$6,597$3,893$792
40 years$26,796$16,881$10,274$6,085$3,531$684
41 years$25,851$16,069$9,634$5,614$3,204$590
42 years$24,954$15,304$9,037$5,181$2,907$510
43 years$24,100$14,581$8,480$4,783$2,638$440
44 years$23,288$13,899$7,960$4,416$2,395$380
45 years$22,513$13,254$7,474$4,078$2,174$328
46 years$21,775$12,644$7,020$3,767$1,974$283
47 years$21,070$12,066$6,595$3,481$1,792$245
48 years$20,397$11,519$6,198$3,216$1,628$211
49 years$19,753$11,000$5,825$2,972$1,478$182
50 years$19,136$10,507$5,477$2,747$1,343$157

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 $3,128 every year, while hoping to spend $51,287 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: 48/29/23 Blend
60$19,600,000$19,600,000$19,600,000$19,600,000
61$21,602,427$20,563,627$20,259,827$22,498,114
62$23,751,305$21,516,675$20,883,962$24,077,168
63$26,117,650$22,514,704$21,527,287$25,785,524
64$28,723,590$23,559,864$22,190,390$27,639,658
65$31,593,506$24,654,407$22,873,878$29,653,298
66$34,754,267$25,800,697$23,578,376$31,841,524
67$38,235,480$27,001,209$24,304,530$34,220,902
68$42,069,769$28,258,538$25,053,002$36,809,638
69$46,293,086$29,575,407$25,824,477$39,627,738
70$50,945,045$30,954,666$26,619,661$42,697,193
71$56,069,300$32,399,306$27,439,281$46,042,177
72$61,713,958$33,912,460$28,284,086$49,689,267
73$67,932,026$35,497,416$29,154,848$53,667,687
74$74,781,920$37,157,616$30,052,362$58,009,571
75$82,328,009$38,896,673$30,977,450$62,750,263
76$90,641,227$40,718,370$31,930,955$67,928,637
77$99,799,739$42,626,678$32,913,749$73,587,453
78$109,889,682$44,625,755$33,926,729$79,773,753
79$121,005,977$46,719,963$34,970,821$86,539,293
80$133,253,221$48,913,876$36,046,978$93,941,020
81$146,746,680$51,212,286$37,156,182$102,041,596
82$161,613,373$53,620,220$38,299,446$110,909,978
83$177,993,272$56,142,946$39,477,813$120,622,058
84$196,040,624$58,785,989$40,692,358$131,261,363
85$215,925,406$61,555,140$41,944,190$142,919,828
86$237,834,927$64,456,472$43,234,450$155,698,653
87$261,975,601$67,496,350$44,564,316$169,709,237
88$288,574,891$70,681,451$45,934,999$185,074,220
89$317,883,459$74,018,771$47,347,751$201,928,617
90$350,177,530$77,515,648$48,803,858$220,421,079
91$385,761,499$81,179,777$50,304,649$240,715,276
92$424,970,808$85,019,222$51,851,491$262,991,421
93$468,175,108$89,042,441$53,445,794$287,447,954
94$515,781,751$93,258,303$55,089,010$314,303,391
95$568,239,634$97,676,104$56,782,636$343,798,364
96$626,043,438$102,305,594$58,528,215$376,197,873
97$689,738,296$107,156,995$60,327,338$411,793,760
98$759,924,939$112,241,026$62,181,641$450,907,437
99$837,265,371$117,568,923$64,092,813$493,892,899
100$922,489,111$123,152,473$66,062,595$541,140,031