Can I retire at age 61 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,527,727
2 years$809,438$794,363$779,753$765,588$751,848$700,792
3 years$534,265$519,125$504,552$490,519$477,003$427,647
4 years$396,706$381,612$367,185$353,392$340,203$292,924
5 years$314,192$299,188$284,950$271,439$258,617$213,542
6 years$259,200$244,310$230,282$217,072$204,634$161,802
7 years$219,936$205,171$191,366$178,467$166,423$125,827
8 years$190,501$175,869$162,293$149,711$138,064$99,676
9 years$167,619$153,126$139,783$127,521$116,270$80,045
10 years$149,325$134,973$121,866$109,924$99,067$64,951
11 years$134,366$120,159$107,289$95,667$85,201$53,129
12 years$121,910$107,848$95,216$83,913$73,834$43,735
13 years$111,378$97,463$85,069$74,082$64,384$36,186
14 years$102,358$88,591$76,435$65,762$56,439$30,063
15 years$94,548$80,930$69,011$58,648$49,693$25,059
16 years$87,721$74,251$62,569$52,513$43,919$20,945
17 years$81,704$68,383$56,935$47,183$38,942$17,546
18 years$76,361$63,189$51,974$42,521$34,625$14,726
19 years$71,586$58,563$47,580$38,421$30,862$12,379
20 years$67,294$54,419$43,666$34,798$27,567$10,419
21 years$63,416$50,689$40,165$31,581$24,669$8,779
22 years$59,895$47,317$37,018$28,715$22,112$7,404
23 years$56,685$44,254$34,179$26,151$19,849$6,249
24 years$53,746$41,463$31,610$23,851$17,841$5,277
25 years$51,047$38,911$29,277$21,782$16,054$4,459
26 years$48,560$36,570$27,153$19,917$14,461$3,770
27 years$46,261$34,417$25,214$18,230$13,038$3,188
28 years$44,130$32,431$23,440$16,703$11,764$2,697
29 years$42,149$30,595$21,813$15,317$10,623$2,282
30 years$40,304$28,894$20,318$14,057$9,598$1,932
31 years$38,582$27,314$18,942$12,910$8,678$1,635
32 years$36,970$25,845$17,673$11,865$7,850$1,384
33 years$35,459$24,475$16,501$10,911$7,104$1,172
34 years$34,040$23,197$15,418$10,039$6,432$993
35 years$32,705$22,002$14,415$9,241$5,826$841
36 years$31,447$20,883$13,485$8,511$5,278$712
37 years$30,260$19,834$12,621$7,842$4,784$603
38 years$29,138$18,850$11,819$7,228$4,337$511
39 years$28,076$17,924$11,073$6,664$3,933$433
40 years$27,070$17,053$10,379$6,147$3,567$367
41 years$26,115$16,233$9,732$5,671$3,236$311
42 years$25,208$15,460$9,129$5,234$2,937$263
43 years$24,346$14,730$8,567$4,832$2,665$223
44 years$23,525$14,041$8,041$4,461$2,419$189
45 years$22,743$13,389$7,550$4,120$2,196$160
46 years$21,997$12,773$7,092$3,806$1,994$136
47 years$21,285$12,189$6,662$3,516$1,811$115
48 years$20,605$11,636$6,261$3,249$1,644$98
49 years$19,954$11,112$5,885$3,003$1,493$83
50 years$19,332$10,615$5,533$2,775$1,357$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,800,000, adding $6,156 every year, while hoping to spend $30,678 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: 37/45/18 Blend
60$19,800,000$19,800,000$19,800,000$19,800,000
61$21,825,950$20,776,550$20,469,650$22,514,434
62$24,019,556$21,761,960$21,122,742$23,998,079
63$26,435,881$22,794,626$21,796,685$25,596,223
64$29,097,611$23,876,833$22,492,144$27,321,818
65$32,029,743$25,010,974$23,209,806$29,186,316
66$35,259,825$26,199,559$23,950,383$31,202,265
67$38,818,210$27,445,221$24,714,604$33,383,420
68$42,738,351$28,750,720$25,503,226$35,744,866
69$47,057,107$30,118,950$26,317,029$38,303,141
70$51,815,099$31,552,945$27,156,816$41,076,392
71$57,057,088$33,055,889$28,023,419$44,084,526
72$62,832,401$34,631,118$28,917,693$47,349,390
73$69,195,394$36,282,130$29,840,524$50,894,964
74$76,205,966$38,012,596$30,792,823$54,747,573
75$83,930,125$39,826,363$31,775,533$58,936,121
76$92,440,608$41,727,466$32,789,624$63,492,354
77$101,817,574$43,720,136$33,836,100$68,451,139
78$112,149,353$45,808,809$34,915,996$73,850,777
79$123,533,285$47,998,139$36,030,380$79,733,355
80$136,076,636$50,293,003$37,180,353$86,145,116
81$149,897,612$52,698,519$38,367,054$93,136,884
82$165,126,474$55,220,052$39,591,656$100,764,525
83$181,906,768$57,863,228$40,855,370$109,089,448
84$200,396,679$60,633,948$42,159,446$118,179,169
85$220,770,528$63,538,399$43,505,175$128,107,928
86$243,220,410$66,583,069$44,893,887$138,957,360
87$267,958,017$69,774,764$46,326,957$150,817,248
88$295,216,626$73,120,619$47,805,802$163,786,341
89$325,253,311$76,628,118$49,331,885$177,973,262
90$358,351,362$80,305,110$50,906,717$193,497,508
91$394,822,965$84,159,823$52,531,855$210,490,542
92$435,012,143$88,200,891$54,208,908$229,097,012
93$479,298,010$92,437,363$55,939,535$249,476,079
94$528,098,347$96,878,733$57,725,449$271,802,887
95$581,873,544$101,534,957$59,568,417$296,270,186
96$641,130,950$106,416,474$61,470,263$323,090,110
97$706,429,659$111,534,234$63,432,870$352,496,143
98$778,385,793$116,899,720$65,458,180$384,745,283
99$857,678,312$122,524,975$67,548,197$420,120,429
100$945,055,429$128,422,628$69,704,991$458,933,003