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%18.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,542,542
2 years$817,615$802,387$787,630$773,321$759,442$707,264
3 years$539,662$524,369$509,648$495,474$481,821$431,388
4 years$400,713$385,467$370,894$356,961$343,639$295,338
5 years$317,365$302,211$287,829$274,180$261,229$215,188
6 years$261,818$246,778$232,608$219,264$206,701$162,959
7 years$222,157$207,243$193,299$180,269$168,104$126,655
8 years$192,425$177,646$163,933$151,223$139,458$100,272
9 years$169,313$154,673$141,195$128,809$117,444$80,475
10 years$150,833$136,336$123,097$111,034$100,068$65,259
11 years$135,724$121,372$108,373$96,633$86,062$53,346
12 years$123,141$108,937$96,178$84,760$74,579$43,885
13 years$112,503$98,447$85,929$74,831$65,035$36,285
14 years$103,392$89,486$77,207$66,426$57,009$30,124
15 years$95,503$81,747$69,708$59,241$50,195$25,092
16 years$88,608$75,001$63,201$53,044$44,363$20,958
17 years$82,529$69,073$57,510$47,659$39,335$17,544
18 years$77,132$63,827$52,499$42,951$34,975$14,714
19 years$72,309$59,154$48,060$38,809$31,174$12,359
20 years$67,974$54,969$44,107$35,149$27,845$10,394
21 years$64,056$51,201$40,570$31,900$24,918$8,751
22 years$60,500$47,795$37,392$29,005$22,336$7,375
23 years$57,257$44,701$34,525$26,415$20,050$6,219
24 years$54,289$41,882$31,930$24,092$18,021$5,248
25 years$51,563$39,304$29,573$22,002$16,216$4,431
26 years$49,051$36,940$27,428$20,118$14,607$3,743
27 years$46,728$34,765$25,469$18,414$13,170$3,163
28 years$44,576$32,759$23,677$16,871$11,883$2,673
29 years$42,575$30,904$22,033$15,471$10,730$2,260
30 years$40,711$29,186$20,523$14,199$9,695$1,912
31 years$38,971$27,590$19,133$13,041$8,766$1,617
32 years$37,343$26,106$17,851$11,985$7,929$1,368
33 years$35,817$24,723$16,668$11,021$7,176$1,157
34 years$34,384$23,431$15,574$10,140$6,497$979
35 years$33,035$22,224$14,560$9,335$5,884$829
36 years$31,765$21,094$13,621$8,597$5,332$701
37 years$30,565$20,035$12,749$7,921$4,832$594
38 years$29,432$19,040$11,939$7,301$4,381$503
39 years$28,360$18,105$11,185$6,732$3,973$425
40 years$27,343$17,226$10,484$6,209$3,603$360
41 years$26,379$16,397$9,831$5,729$3,269$305
42 years$25,463$15,616$9,221$5,287$2,966$258
43 years$24,592$14,879$8,653$4,880$2,692$219
44 years$23,763$14,183$8,122$4,506$2,444$185
45 years$22,973$13,525$7,627$4,162$2,218$157
46 years$22,219$12,902$7,163$3,844$2,014$133
47 years$21,500$12,312$6,730$3,552$1,829$112
48 years$20,813$11,754$6,324$3,282$1,661$95
49 years$20,156$11,224$5,944$3,033$1,509$80
50 years$19,527$10,722$5,588$2,803$1,370$68

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 $3,266 every year, while hoping to spend $58,417 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: 33/48/19 Blend
60$20,000,000$20,000,000$20,000,000$20,000,000
61$22,043,369$20,983,369$20,673,369$22,641,149
62$24,229,637$21,949,399$21,303,772$24,050,576
63$26,636,947$22,960,806$21,953,335$25,562,958
64$29,287,783$24,019,753$22,622,639$27,191,718
65$32,206,921$25,128,505$23,312,281$28,947,125
66$35,421,662$26,289,437$24,022,878$30,840,423
67$38,962,091$27,505,038$24,755,063$32,883,931
68$42,861,357$28,777,918$25,509,490$35,091,147
69$47,155,989$30,110,810$26,286,833$37,476,863
70$51,886,242$31,506,581$27,087,783$40,057,299
71$57,096,471$32,968,236$27,913,056$42,850,237
72$62,835,555$34,498,924$28,763,388$45,875,184
73$69,157,356$36,101,945$29,639,535$49,153,538
74$76,121,226$37,780,761$30,542,280$52,708,779
75$83,792,571$39,538,998$31,472,426$56,566,677
76$92,243,463$41,380,458$32,430,802$60,755,518
77$101,553,323$43,309,128$33,418,261$65,306,360
78$111,809,672$45,329,185$34,435,682$70,253,306
79$123,108,952$47,445,008$35,483,971$75,633,814
80$135,557,441$49,661,190$36,564,061$81,489,026
81$149,272,255$51,982,543$37,676,912$87,864,145
82$164,382,450$54,414,113$38,823,514$94,808,840
83$181,030,245$56,961,190$40,004,886$102,377,692
84$199,372,360$59,629,318$41,222,079$110,630,694
85$219,581,496$62,424,310$42,476,175$119,633,790
86$241,847,969$65,352,262$43,768,287$129,459,477
87$266,381,501$68,419,561$45,099,564$140,187,466
88$293,413,202$71,632,908$46,471,187$151,905,408
89$323,197,751$74,999,323$47,884,374$164,709,693
90$356,015,801$78,526,168$49,340,380$178,706,338
91$392,176,626$82,221,164$50,840,496$194,011,955
92$432,021,042$86,092,402$52,386,053$210,754,820
93$475,924,625$90,148,365$53,978,422$229,076,057
94$524,301,252$94,397,951$55,619,014$249,130,933
95$577,607,013$98,850,484$57,309,285$271,090,291
96$636,344,513$103,515,742$59,050,731$295,142,126
97$701,067,618$108,403,979$60,844,895$321,493,324
98$772,386,683$113,525,941$62,693,367$350,371,569
99$850,974,313$118,892,900$64,597,783$382,027,458
100$937,571,712$124,516,672$66,559,828$416,736,819