Can I retire at age 61 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,548,492
2 years$813,526$798,375$783,691$769,454$755,645$717,227
3 years$536,964$521,747$507,100$492,997$479,412$442,138
4 years$398,709$383,539$369,039$355,176$341,921$306,078
5 years$315,778$300,700$286,390$272,810$259,923$225,611
6 years$260,509$245,544$231,445$218,168$205,668$172,922
7 years$221,047$206,207$192,332$179,368$167,263$136,087
8 years$191,463$176,758$163,113$150,467$138,761$109,142
9 years$168,466$153,899$140,489$128,165$116,857$88,771
10 years$150,079$135,655$122,482$110,479$99,568$72,982
11 years$135,045$120,765$107,831$96,150$85,632$60,510
12 years$122,526$108,393$95,697$84,337$74,207$50,506
13 years$111,940$97,955$85,499$74,457$64,710$42,384
14 years$102,875$89,039$76,821$66,094$56,724$35,726
15 years$95,026$81,338$69,359$58,944$49,944$30,223
16 years$88,165$74,626$62,885$52,778$44,141$25,645
17 years$82,117$68,728$57,222$47,421$39,138$21,815
18 years$76,747$63,508$52,237$42,736$34,800$18,596
19 years$71,948$58,858$47,820$38,615$31,018$15,881
20 years$67,634$54,694$43,887$34,974$27,706$13,582
21 years$63,736$50,945$40,367$31,741$24,794$11,631
22 years$60,197$47,556$37,205$28,860$22,224$9,970
23 years$56,971$44,478$34,352$26,283$19,950$8,555
24 years$54,018$41,673$31,770$23,972$17,931$7,346
25 years$51,305$39,108$29,425$21,892$16,135$6,313
26 years$48,805$36,755$27,290$20,017$14,534$5,428
27 years$46,495$34,591$25,342$18,322$13,104$4,669
28 years$44,353$32,595$23,558$16,787$11,824$4,018
29 years$42,362$30,749$21,923$15,394$10,676$3,459
30 years$40,508$29,040$20,420$14,128$9,647$2,979
31 years$38,776$27,452$19,037$12,975$8,722$2,566
32 years$37,157$25,975$17,762$11,925$7,889$2,211
33 years$35,638$24,599$16,585$10,966$7,140$1,905
34 years$34,212$23,314$15,496$10,090$6,464$1,642
35 years$32,870$22,113$14,487$9,288$5,855$1,415
36 years$31,606$20,989$13,553$8,554$5,305$1,220
37 years$30,413$19,934$12,685$7,881$4,808$1,052
38 years$29,285$18,945$11,879$7,264$4,359$907
39 years$28,218$18,015$11,129$6,698$3,953$782
40 years$27,206$17,139$10,432$6,178$3,585$675
41 years$26,247$16,315$9,781$5,700$3,253$582
42 years$25,336$15,538$9,175$5,260$2,952$502
43 years$24,469$14,805$8,610$4,856$2,679$433
44 years$23,644$14,112$8,082$4,484$2,431$374
45 years$22,858$13,457$7,589$4,141$2,207$322
46 years$22,108$12,837$7,127$3,825$2,004$278
47 years$21,393$12,251$6,696$3,534$1,820$240
48 years$20,709$11,695$6,292$3,265$1,653$207
49 years$20,055$11,168$5,914$3,018$1,501$178
50 years$19,429$10,668$5,560$2,789$1,363$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,900,000, adding $2,870 every year, while hoping to spend $39,916 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: 62/32/6 Blend
60$19,900,000$19,900,000$19,900,000$19,900,000
61$21,932,760$20,878,060$20,569,610$23,268,968
62$24,127,432$21,858,615$21,216,222$25,141,381
63$26,544,622$22,885,879$21,883,157$27,179,199
64$29,206,985$23,962,099$22,571,055$29,402,266
65$32,139,486$25,089,630$23,280,574$31,828,470
66$35,369,634$26,270,943$24,012,393$34,477,478
67$38,927,742$27,508,624$24,767,214$37,370,914
68$42,847,215$28,805,390$25,545,759$40,532,557
69$47,164,863$30,164,087$26,348,774$43,988,560
70$51,921,249$31,587,697$27,177,028$47,767,685
71$57,161,072$33,079,349$28,031,314$51,901,572
72$62,933,588$34,642,324$28,912,450$56,425,028
73$69,293,076$36,280,061$29,821,279$61,376,344
74$76,299,351$37,996,164$30,758,673$66,797,653
75$84,018,324$39,794,416$31,725,528$72,735,313
76$92,522,631$41,678,780$32,722,771$79,240,340
77$101,892,312$43,653,413$33,751,356$86,368,875
78$112,215,570$45,722,672$34,812,269$94,182,707
79$123,589,603$47,891,128$35,906,525$102,749,841
80$136,121,520$50,163,571$37,035,171$112,145,133
81$149,929,356$52,545,026$38,199,290$122,450,981
82$165,143,178$55,040,761$39,399,995$133,758,093
83$181,906,324$57,656,299$40,638,435$146,166,325
84$200,376,744$60,397,433$41,915,798$159,785,615
85$220,728,500$63,270,236$43,233,305$174,737,004
86$243,153,405$66,281,075$44,592,219$191,153,762
87$267,862,834$69,436,630$45,993,840$209,182,632
88$295,089,720$72,743,902$47,439,511$228,985,195
89$325,090,752$76,210,233$48,930,615$250,739,385
90$358,148,798$79,843,325$50,468,581$274,641,140
91$394,575,578$83,651,249$52,054,880$300,906,241
92$434,714,600$87,642,474$53,691,032$329,772,325
93$478,944,410$91,825,876$55,378,602$361,501,105
94$527,682,162$96,210,766$57,119,207$396,380,825
95$581,387,555$100,806,906$58,914,514$434,728,949
96$640,567,176$105,624,535$60,766,240$476,895,142
97$705,779,278$110,674,387$62,676,159$523,264,537
98$777,639,053$115,967,721$64,646,099$574,261,353
99$856,824,439$121,516,342$66,677,946$630,352,863
100$944,082,520$127,332,631$68,773,645$692,053,781