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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,533,552
2 years$805,350$790,351$775,815$761,721$748,050$710,636
3 years$531,567$516,503$502,004$488,042$474,594$438,288
4 years$394,702$379,685$365,330$351,607$338,484$303,566
5 years$312,605$297,677$283,511$270,068$257,310$223,877
6 years$257,891$243,076$229,119$215,975$203,601$171,687
7 years$218,825$204,135$190,399$177,565$165,582$135,191
8 years$189,539$174,981$161,474$148,955$137,366$108,487
9 years$166,773$152,353$139,077$126,877$115,682$88,291
10 years$148,571$134,291$121,251$109,369$98,567$72,633
11 years$133,688$119,552$106,747$95,184$84,771$60,258
12 years$121,294$107,303$94,735$83,489$73,461$50,329
13 years$110,815$96,971$84,640$73,708$64,059$42,264
14 years$101,841$88,144$76,049$65,430$56,154$35,649
15 years$94,071$80,521$68,662$58,352$49,442$30,179
16 years$87,278$73,876$62,253$52,248$43,697$25,626
17 years$81,291$68,037$56,647$46,944$38,745$21,815
18 years$75,975$62,870$51,712$42,306$34,450$18,610
19 years$71,225$58,267$47,339$38,227$30,706$15,904
20 years$66,954$54,144$43,446$34,622$27,427$13,612
21 years$63,095$50,433$39,962$31,422$24,544$11,665
22 years$59,592$47,078$36,831$28,570$22,001$10,008
23 years$56,398$44,031$34,007$26,019$19,749$8,594
24 years$53,475$41,254$31,451$23,731$17,751$7,386
25 years$50,790$38,715$29,130$21,672$15,973$6,352
26 years$48,315$36,386$27,016$19,816$14,388$5,465
27 years$46,027$34,243$25,087$18,138$12,972$4,705
28 years$43,907$32,267$23,322$16,618$11,705$4,052
29 years$41,936$30,440$21,703$15,239$10,569$3,492
30 years$40,101$28,748$20,215$13,986$9,550$3,009
31 years$38,387$27,176$18,846$12,845$8,634$2,594
32 years$36,783$25,714$17,584$11,805$7,810$2,237
33 years$35,280$24,352$16,418$10,856$7,068$1,929
34 years$33,868$23,080$15,340$9,988$6,399$1,664
35 years$32,540$21,891$14,342$9,195$5,796$1,436
36 years$31,288$20,778$13,416$8,468$5,252$1,239
37 years$30,107$19,734$12,558$7,802$4,760$1,069
38 years$28,991$18,754$11,760$7,191$4,315$923
39 years$27,934$17,834$11,017$6,631$3,913$796
40 years$26,933$16,967$10,327$6,116$3,549$687
41 years$25,983$16,151$9,683$5,643$3,220$593
42 years$25,081$15,382$9,083$5,208$2,922$512
43 years$24,223$14,656$8,523$4,807$2,652$442
44 years$23,406$13,970$8,001$4,439$2,407$382
45 years$22,628$13,322$7,512$4,099$2,185$330
46 years$21,886$12,708$7,056$3,787$1,984$285
47 years$21,178$12,128$6,629$3,498$1,802$246
48 years$20,501$11,577$6,229$3,233$1,636$212
49 years$19,854$11,056$5,855$2,987$1,486$183
50 years$19,234$10,561$5,505$2,761$1,350$158

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 $5,753 every year, while hoping to spend $36,386 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: 67/22/11 Blend
60$19,700,000$19,700,000$19,700,000$19,700,000
61$21,715,334$20,671,234$20,365,884$23,118,611
62$23,891,584$21,645,410$21,009,427$25,027,102
63$26,288,592$22,666,101$21,673,309$27,108,038
64$28,928,836$23,735,549$22,358,173$29,382,206
65$31,837,088$24,856,101$23,064,682$31,868,513
66$35,040,643$26,030,222$23,793,521$34,587,759
67$38,569,580$27,260,495$24,545,396$37,562,828
68$42,457,045$28,549,627$25,321,034$40,818,901
69$46,739,562$29,900,457$26,121,187$44,383,686
70$51,457,381$31,315,963$26,946,631$48,287,677
71$56,654,854$32,799,265$27,798,163$52,564,432
72$62,380,858$34,353,638$28,676,610$57,250,887
73$68,689,251$35,982,511$29,582,822$62,387,698
74$75,639,385$37,689,485$30,517,677$68,019,616
75$83,296,663$39,478,330$31,482,080$74,195,905
76$91,733,158$41,353,004$32,476,965$80,970,799
77$101,028,293$43,317,654$33,503,296$88,404,005
78$111,269,590$45,376,631$34,562,068$96,561,262
79$122,553,496$47,534,494$35,654,305$105,514,950
80$134,986,295$49,796,026$36,781,067$115,344,766
81$148,685,108$52,166,242$37,943,443$126,138,467
82$163,779,001$54,650,400$39,142,561$137,992,690
83$180,410,204$57,254,015$40,379,582$151,013,853
84$198,735,451$59,982,867$41,655,703$165,319,150
85$218,927,460$62,843,021$42,972,163$181,037,646
86$241,176,566$65,840,833$44,330,234$198,311,484
87$265,692,512$68,982,971$45,731,234$217,297,216
88$292,706,438$72,276,426$47,176,520$238,167,268
89$322,473,053$75,728,529$48,667,491$261,111,554
90$355,273,044$79,346,967$50,205,593$286,339,255
91$391,415,729$83,139,803$51,792,314$314,080,783
92$431,241,970$87,115,490$53,429,194$344,589,935
93$475,127,396$91,282,893$55,117,816$378,146,281
94$523,485,945$95,651,310$56,859,818$415,057,779
95$576,773,776$100,230,489$58,656,886$455,663,671
96$635,493,572$105,030,654$60,510,763$500,337,667
97$700,199,287$110,062,527$62,423,245$549,491,450
98$771,501,374$115,337,350$64,396,183$603,578,549
99$850,072,550$120,866,916$66,431,490$663,098,597
100$936,654,143$126,663,588$68,531,139$728,602,023