Can I retire at age 61 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,555,011
2 years$817,615$802,387$787,630$773,321$759,442$719,580
3 years$539,662$524,369$509,648$495,474$481,821$443,159
4 years$400,713$385,467$370,894$356,961$343,639$306,475
5 years$317,365$302,211$287,829$274,180$261,229$225,667
6 years$261,818$246,778$232,608$219,264$206,701$172,776
7 years$222,157$207,243$193,299$180,269$168,104$135,819
8 years$192,425$177,646$163,933$151,223$139,458$108,799
9 years$169,313$154,673$141,195$128,809$117,444$88,385
10 years$150,833$136,336$123,097$111,034$100,068$72,575
11 years$135,724$121,372$108,373$96,633$86,062$60,095
12 years$123,141$108,937$96,178$84,760$74,579$50,094
13 years$112,503$98,447$85,929$74,831$65,035$41,983
14 years$103,392$89,486$77,207$66,426$57,009$35,339
15 years$95,503$81,747$69,708$59,241$50,195$29,854
16 years$88,608$75,001$63,201$53,044$44,363$25,296
17 years$82,529$69,073$57,510$47,659$39,335$21,487
18 years$77,132$63,827$52,499$42,951$34,975$18,289
19 years$72,309$59,154$48,060$38,809$31,174$15,595
20 years$67,974$54,969$44,107$35,149$27,845$13,318
21 years$64,056$51,201$40,570$31,900$24,918$11,387
22 years$60,500$47,795$37,392$29,005$22,336$9,746
23 years$57,257$44,701$34,525$26,415$20,050$8,350
24 years$54,289$41,882$31,930$24,092$18,021$7,159
25 years$51,563$39,304$29,573$22,002$16,216$6,142
26 years$49,051$36,940$27,428$20,118$14,607$5,272
27 years$46,728$34,765$25,469$18,414$13,170$4,528
28 years$44,576$32,759$23,677$16,871$11,883$3,890
29 years$42,575$30,904$22,033$15,471$10,730$3,343
30 years$40,711$29,186$20,523$14,199$9,695$2,874
31 years$38,971$27,590$19,133$13,041$8,766$2,472
32 years$37,343$26,106$17,851$11,985$7,929$2,126
33 years$35,817$24,723$16,668$11,021$7,176$1,829
34 years$34,384$23,431$15,574$10,140$6,497$1,574
35 years$33,035$22,224$14,560$9,335$5,884$1,354
36 years$31,765$21,094$13,621$8,597$5,332$1,166
37 years$30,565$20,035$12,749$7,921$4,832$1,003
38 years$29,432$19,040$11,939$7,301$4,381$864
39 years$28,360$18,105$11,185$6,732$3,973$744
40 years$27,343$17,226$10,484$6,209$3,603$640
41 years$26,379$16,397$9,831$5,729$3,269$551
42 years$25,463$15,616$9,221$5,287$2,966$475
43 years$24,592$14,879$8,653$4,880$2,692$409
44 years$23,763$14,183$8,122$4,506$2,444$352
45 years$22,973$13,525$7,627$4,162$2,218$303
46 years$22,219$12,902$7,163$3,844$2,014$261
47 years$21,500$12,312$6,730$3,552$1,829$225
48 years$20,813$11,754$6,324$3,282$1,661$194
49 years$20,156$11,224$5,944$3,033$1,509$167
50 years$19,527$10,722$5,588$2,803$1,370$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $20,000,000, adding $4,353 every year, while hoping to spend $58,670 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: 23/48/29 Blend
60$20,000,000$20,000,000$20,000,000$20,000,000
61$22,044,490$20,984,490$20,674,490$22,349,707
62$24,230,604$21,950,306$21,304,661$23,582,772
63$26,637,734$22,961,480$21,953,976$24,896,751
64$29,288,364$24,020,173$22,623,016$26,302,289
65$32,207,266$25,128,650$23,312,375$27,806,985
66$35,421,738$26,289,285$24,022,670$29,419,136
67$38,961,860$27,504,564$24,754,534$31,147,809
68$42,860,778$28,777,096$25,508,620$33,002,915
69$47,155,017$30,109,614$26,285,598$34,995,289
70$51,884,825$31,504,982$27,086,162$37,136,781
71$57,094,554$32,966,202$27,911,025$39,440,359
72$62,833,075$34,496,423$28,760,922$41,920,216
73$69,154,244$36,098,943$29,636,608$44,591,889
74$76,117,407$37,777,221$30,538,864$47,472,395
75$83,787,959$39,534,882$31,468,493$50,580,376
76$92,237,965$41,375,725$32,426,322$53,936,258
77$101,546,836$43,303,734$33,413,202$57,562,431
78$111,802,081$45,323,085$34,430,011$61,483,439
79$123,100,131$47,438,153$35,477,654$65,726,199
80$135,547,250$49,653,529$36,557,062$70,320,236
81$149,260,539$51,974,021$37,669,193$75,297,938
82$164,369,039$54,404,673$38,815,036$80,694,847
83$181,014,950$56,950,771$39,995,608$86,549,973
84$199,354,971$59,617,856$41,211,958$92,906,138
85$219,561,785$62,411,737$42,465,165$99,810,357
86$241,825,681$65,338,506$43,756,342$107,314,264
87$266,356,355$68,404,547$45,086,634$115,474,564
88$293,384,888$71,616,555$46,457,220$124,353,554
89$323,165,927$74,981,546$47,869,318$134,019,673
90$355,980,089$78,506,880$49,324,178$144,548,127
91$392,136,610$82,200,269$50,823,089$156,021,566
92$431,976,262$86,069,800$52,367,381$168,530,832
93$475,874,572$90,123,952$53,958,420$182,175,786
94$524,245,368$94,371,615$55,597,616$197,066,214
95$577,544,680$98,822,108$57,286,421$213,322,831
96$636,275,049$103,485,204$59,026,328$231,078,379
97$700,990,272$108,371,146$60,818,878$250,478,843
98$772,300,626$113,490,678$62,665,656$271,684,789
99$850,878,629$118,855,061$64,568,295$294,872,834
100$937,465,395$124,476,105$66,528,478$320,237,271