Can I retire at age 61 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,557,744
2 years$805,350$790,351$775,815$761,721$748,050$734,785
3 years$531,567$516,503$502,004$488,042$474,594$461,636
4 years$394,702$379,685$365,330$351,607$338,484$325,934
5 years$312,605$297,677$283,511$270,068$257,310$245,204
6 years$257,891$243,076$229,119$215,975$203,601$191,954
7 years$218,825$204,135$190,399$177,565$165,582$154,400
8 years$189,539$174,981$161,474$148,955$137,366$126,649
9 years$166,773$152,353$139,077$126,877$115,682$105,426
10 years$148,571$134,291$121,251$109,369$98,567$88,767
11 years$133,688$119,552$106,747$95,184$84,771$75,419
12 years$121,294$107,303$94,735$83,489$73,461$64,548
13 years$110,815$96,971$84,640$73,708$64,059$55,576
14 years$101,841$88,144$76,049$65,430$56,154$48,089
15 years$94,071$80,521$68,662$58,352$49,442$41,785
16 years$87,278$73,876$62,253$52,248$43,697$36,436
17 years$81,291$68,037$56,647$46,944$38,745$31,866
18 years$75,975$62,870$51,712$42,306$34,450$27,942
19 years$71,225$58,267$47,339$38,227$30,706$24,555
20 years$66,954$54,144$43,446$34,622$27,427$21,620
21 years$63,095$50,433$39,962$31,422$24,544$19,067
22 years$59,592$47,078$36,831$28,570$22,001$16,840
23 years$56,398$44,031$34,007$26,019$19,749$14,892
24 years$53,475$41,254$31,451$23,731$17,751$13,184
25 years$50,790$38,715$29,130$21,672$15,973$11,683
26 years$48,315$36,386$27,016$19,816$14,388$10,362
27 years$46,027$34,243$25,087$18,138$12,972$9,197
28 years$43,907$32,267$23,322$16,618$11,705$8,169
29 years$41,936$30,440$21,703$15,239$10,569$7,259
30 years$40,101$28,748$20,215$13,986$9,550$6,455
31 years$38,387$27,176$18,846$12,845$8,634$5,742
32 years$36,783$25,714$17,584$11,805$7,810$5,110
33 years$35,280$24,352$16,418$10,856$7,068$4,549
34 years$33,868$23,080$15,340$9,988$6,399$4,051
35 years$32,540$21,891$14,342$9,195$5,796$3,609
36 years$31,288$20,778$13,416$8,468$5,252$3,215
37 years$30,107$19,734$12,558$7,802$4,760$2,866
38 years$28,991$18,754$11,760$7,191$4,315$2,554
39 years$27,934$17,834$11,017$6,631$3,913$2,277
40 years$26,933$16,967$10,327$6,116$3,549$2,031
41 years$25,983$16,151$9,683$5,643$3,220$1,811
42 years$25,081$15,382$9,083$5,208$2,922$1,615
43 years$24,223$14,656$8,523$4,807$2,652$1,441
44 years$23,406$13,970$8,001$4,439$2,407$1,285
45 years$22,628$13,322$7,512$4,099$2,185$1,147
46 years$21,886$12,708$7,056$3,787$1,984$1,023
47 years$21,178$12,128$6,629$3,498$1,802$913
48 years$20,501$11,577$6,229$3,233$1,636$815
49 years$19,854$11,056$5,855$2,987$1,486$727
50 years$19,234$10,561$5,505$2,761$1,350$649

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,700,000, adding $5,838 every year, while hoping to spend $23,743 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: 58/32/10 Blend
60$19,700,000$19,700,000$19,700,000$19,700,000
61$21,715,422$20,671,322$20,365,972$22,922,931
62$23,905,133$21,658,954$21,022,970$24,724,381
63$26,317,398$22,694,185$21,701,181$26,683,867
64$28,974,894$23,779,321$22,401,292$28,819,111
65$31,902,607$24,916,782$23,124,009$31,146,970
66$35,128,074$26,109,105$23,870,064$33,685,972
67$38,681,638$27,358,952$24,640,212$36,456,481
68$42,596,736$28,669,111$25,435,230$39,480,887
69$46,910,215$30,042,510$26,255,922$42,783,807
70$51,662,681$31,482,217$27,103,119$46,392,308
71$56,898,878$32,991,449$27,977,678$50,336,161
72$62,668,115$34,573,582$28,880,482$54,648,104
73$69,024,730$36,232,154$29,812,444$59,364,150
74$76,028,599$37,970,877$30,774,509$64,523,915
75$83,745,709$39,793,643$31,767,648$70,170,980
76$92,248,774$41,704,533$32,792,866$76,353,296
77$101,617,922$43,707,829$33,851,200$83,123,622
78$111,941,456$45,808,019$34,943,722$90,540,015
79$123,316,684$48,009,811$36,071,536$98,666,365
80$135,850,837$50,318,143$37,235,783$107,572,985
81$149,662,083$52,738,192$38,437,642$117,337,264
82$164,880,641$55,275,390$39,678,329$128,044,381
83$181,650,013$57,935,430$40,959,099$139,788,099
84$200,128,334$60,724,286$42,281,249$152,671,629
85$220,489,869$63,648,221$43,646,116$166,808,597
86$242,926,658$66,713,806$45,055,083$182,324,094
87$267,650,323$69,927,929$46,509,575$199,355,841
88$294,894,075$73,297,816$48,011,064$218,055,475
89$324,914,906$76,831,045$49,561,071$238,589,957
90$357,996,025$80,535,564$51,161,164$261,143,131
91$394,449,521$84,419,708$52,812,965$285,917,438
92$434,619,317$88,492,219$54,518,145$313,135,809
93$478,884,415$92,762,265$56,278,430$343,043,742
94$527,662,471$97,239,462$58,095,604$375,911,598
95$581,413,743$101,933,895$59,971,506$412,037,130
96$640,645,430$106,856,141$61,908,036$451,748,268
97$705,916,464$112,017,293$63,907,156$495,406,185
98$777,842,788$117,428,985$65,970,891$543,408,683
99$857,103,167$123,103,419$68,101,330$596,193,911
100$944,445,597$129,053,394$70,300,631$654,244,480