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%18.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,524,680
2 years$809,438$794,363$779,753$765,588$751,848$697,794
3 years$534,265$519,125$504,552$490,519$477,003$424,794
4 years$396,706$381,612$367,185$353,392$340,203$290,237
5 years$314,192$299,188$284,950$271,439$258,617$211,026
6 years$259,200$244,310$230,282$217,072$204,634$159,457
7 years$219,936$205,171$191,366$178,467$166,423$123,650
8 years$190,501$175,869$162,293$149,711$138,064$97,662
9 years$167,619$153,126$139,783$127,521$116,270$78,189
10 years$149,325$134,973$121,866$109,924$99,067$63,245
11 years$134,366$120,159$107,289$95,667$85,201$51,566
12 years$121,910$107,848$95,216$83,913$73,834$42,308
13 years$111,378$97,463$85,069$74,082$64,384$34,886
14 years$102,358$88,591$76,435$65,762$56,439$28,882
15 years$94,548$80,930$69,011$58,648$49,693$23,990
16 years$87,721$74,251$62,569$52,513$43,919$19,979
17 years$81,704$68,383$56,935$47,183$38,942$16,676
18 years$76,361$63,189$51,974$42,521$34,625$13,944
19 years$71,586$58,563$47,580$38,421$30,862$11,677
20 years$67,294$54,419$43,666$34,798$27,567$9,790
21 years$63,416$50,689$40,165$31,581$24,669$8,217
22 years$59,895$47,317$37,018$28,715$22,112$6,903
23 years$56,685$44,254$34,179$26,151$19,849$5,803
24 years$53,746$41,463$31,610$23,851$17,841$4,882
25 years$51,047$38,911$29,277$21,782$16,054$4,108
26 years$48,560$36,570$27,153$19,917$14,461$3,459
27 years$46,261$34,417$25,214$18,230$13,038$2,914
28 years$44,130$32,431$23,440$16,703$11,764$2,455
29 years$42,149$30,595$21,813$15,317$10,623$2,069
30 years$40,304$28,894$20,318$14,057$9,598$1,744
31 years$38,582$27,314$18,942$12,910$8,678$1,470
32 years$36,970$25,845$17,673$11,865$7,850$1,240
33 years$35,459$24,475$16,501$10,911$7,104$1,045
34 years$34,040$23,197$15,418$10,039$6,432$882
35 years$32,705$22,002$14,415$9,241$5,826$744
36 years$31,447$20,883$13,485$8,511$5,278$627
37 years$30,260$19,834$12,621$7,842$4,784$529
38 years$29,138$18,850$11,819$7,228$4,337$446
39 years$28,076$17,924$11,073$6,664$3,933$377
40 years$27,070$17,053$10,379$6,147$3,567$318
41 years$26,115$16,233$9,732$5,671$3,236$268
42 years$25,208$15,460$9,129$5,234$2,937$226
43 years$24,346$14,730$8,567$4,832$2,665$191
44 years$23,525$14,041$8,041$4,461$2,419$161
45 years$22,743$13,389$7,550$4,120$2,196$136
46 years$21,997$12,773$7,092$3,806$1,994$115
47 years$21,285$12,189$6,662$3,516$1,811$97
48 years$20,605$11,636$6,261$3,249$1,644$82
49 years$19,954$11,112$5,885$3,003$1,493$69
50 years$19,332$10,615$5,533$2,775$1,357$58

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 $6,973 every year, while hoping to spend $43,357 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: 52/34/14 Blend
60$19,800,000$19,800,000$19,800,000$19,800,000
61$21,826,793$20,777,393$20,470,493$22,879,431
62$24,006,994$21,749,353$21,110,123$24,571,948
63$26,408,123$22,767,487$21,769,727$26,406,564
64$29,052,668$23,834,010$22,449,929$28,400,910
65$31,965,410$24,951,247$23,151,372$30,570,109
66$35,173,657$26,121,634$23,874,719$32,930,773
67$38,707,501$27,347,724$24,620,652$35,501,155
68$42,600,099$28,632,196$25,389,878$38,301,315
69$46,887,993$29,977,857$26,183,122$41,353,297
70$51,611,446$31,387,650$27,001,134$44,681,334
71$56,814,828$32,864,660$27,844,687$48,312,063
72$62,547,035$34,412,122$28,714,578$52,274,772
73$68,861,945$36,033,429$29,611,630$56,601,666
74$75,818,933$37,732,136$30,536,688$61,328,157
75$83,483,424$39,511,971$31,490,628$66,493,196
76$91,927,519$41,376,843$32,474,349$72,139,622
77$101,230,669$43,330,851$33,488,783$78,314,560
78$111,480,426$45,378,291$34,534,885$85,069,854
79$122,773,271$47,523,670$35,613,646$92,462,540
80$135,215,524$49,771,709$36,726,083$100,555,376
81$148,924,348$52,127,363$37,873,247$109,417,420
82$164,028,852$54,595,825$39,056,221$119,124,666
83$180,671,314$57,182,539$40,276,123$129,760,748
84$199,008,519$59,893,215$41,534,105$141,417,715
85$219,213,245$62,733,839$42,831,354$154,196,881
86$241,475,887$65,710,688$44,169,095$168,209,767
87$266,006,260$68,830,344$45,548,592$183,579,135
88$293,035,575$72,099,707$46,971,147$200,440,129
89$322,818,626$75,526,015$48,438,103$218,941,531
90$355,636,190$79,116,855$49,950,844$239,247,146
91$391,797,684$82,880,183$51,510,799$261,537,324
92$431,644,078$86,824,342$53,119,441$286,010,645
93$475,551,119$90,958,080$54,778,288$312,885,768
94$523,932,878$95,290,571$56,488,905$342,403,469
95$577,245,656$99,831,433$58,252,908$374,828,893
96$635,992,293$104,590,754$60,071,961$410,454,025
97$700,726,917$109,579,110$61,947,781$449,600,423
98$772,060,169$114,807,593$63,882,138$492,622,223
99$850,664,975$120,287,834$65,876,859$539,909,450
100$937,282,893$126,032,029$67,933,824$591,891,669