Can I retire at age 61 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,420,356
2 years$735,853$722,148$708,867$695,989$683,498$668,403
3 years$485,696$471,932$458,684$445,927$433,639$418,907
4 years$360,642$346,920$333,804$321,265$309,275$295,019
5 years$285,629$271,990$259,046$246,762$235,106$221,368
6 years$235,636$222,100$209,347$197,338$186,031$172,829
7 years$199,942$186,519$173,969$162,242$151,293$138,631
8 years$173,183$159,881$147,539$136,101$125,512$113,390
9 years$152,381$139,205$127,076$115,928$105,700$94,113
10 years$135,750$122,703$110,787$99,931$90,061$79,003
11 years$122,151$109,235$97,535$86,970$77,456$66,916
12 years$110,827$98,044$86,560$76,284$67,122$57,090
13 years$101,253$88,603$77,336$67,348$58,531$48,996
14 years$93,053$80,537$69,487$59,784$51,308$42,257
15 years$85,953$73,572$62,737$53,317$45,176$36,594
16 years$79,747$67,501$56,880$47,739$39,926$31,799
17 years$74,276$62,166$51,759$42,893$35,402$27,715
18 years$69,419$57,444$47,249$38,655$31,477$24,215
19 years$65,078$53,239$43,254$34,929$28,057$21,203
20 years$61,176$49,472$39,697$31,634$25,061$18,601
21 years$57,651$46,081$36,513$28,710$22,426$16,344
22 years$54,450$43,015$33,653$26,104$20,102$14,381
23 years$51,531$40,231$31,072$23,774$18,045$12,669
24 years$48,860$37,694$28,737$21,683$16,219$11,173
25 years$46,407$35,374$26,616$19,802$14,595$9,862
26 years$44,146$33,246$24,685$18,106$13,146$8,713
27 years$42,055$31,288$22,922$16,573$11,853$7,703
28 years$40,118$29,483$21,309$15,184$10,695$6,814
29 years$38,318$27,814$19,830$13,924$9,657$6,031
30 years$36,640$26,267$18,471$12,779$8,726$5,341
31 years$35,074$24,831$17,220$11,737$7,889$4,732
32 years$33,609$23,495$16,066$10,786$7,136$4,193
33 years$32,235$22,250$15,001$9,919$6,458$3,718
34 years$30,945$21,088$14,016$9,126$5,847$3,297
35 years$29,732$20,002$13,104$8,401$5,296$2,925
36 years$28,588$18,985$12,259$7,737$4,798$2,595
37 years$27,509$18,031$11,474$7,129$4,349$2,303
38 years$26,489$17,136$10,745$6,571$3,943$2,044
39 years$25,524$16,295$10,067$6,059$3,575$1,815
40 years$24,609$15,503$9,436$5,588$3,243$1,611
41 years$23,741$14,757$8,848$5,156$2,942$1,431
42 years$22,917$14,054$8,299$4,758$2,670$1,271
43 years$22,133$13,391$7,788$4,392$2,423$1,128
44 years$21,387$12,764$7,310$4,056$2,199$1,002
45 years$20,676$12,172$6,864$3,745$1,997$890
46 years$19,997$11,612$6,447$3,460$1,813$791
47 years$19,350$11,081$6,057$3,196$1,646$703
48 years$18,732$10,578$5,692$2,954$1,495$624
49 years$18,140$10,102$5,350$2,730$1,358$555
50 years$17,574$9,650$5,030$2,523$1,233$493

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,000,000, adding $5,174 every year, while hoping to spend $45,077 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: 45/49/6 Blend
60$18,000,000$18,000,000$18,000,000$18,000,000
61$19,841,337$18,887,337$18,608,337$20,701,118
62$21,817,192$19,764,855$19,183,755$22,171,513
63$23,993,073$20,683,860$19,776,938$23,759,802
64$26,389,336$21,646,339$20,388,435$25,480,863
65$29,028,410$22,654,371$21,018,809$27,346,924
66$31,935,011$23,710,139$21,668,643$29,371,398
67$35,136,376$24,815,929$22,338,536$31,569,005
68$38,662,515$25,974,139$23,029,106$33,955,898
69$42,546,501$27,187,281$23,740,990$36,549,809
70$46,824,776$28,457,990$24,474,846$39,370,204
71$51,537,500$29,789,028$25,231,349$42,438,460
72$56,728,923$31,183,289$26,011,198$45,778,053
73$62,447,812$32,643,809$26,815,112$49,414,771
74$68,747,903$34,173,769$27,643,832$53,376,942
75$75,688,410$35,776,505$28,498,122$57,695,695
76$83,334,589$37,455,515$29,378,769$62,405,234
77$91,758,345$39,214,463$30,286,587$67,543,153
78$101,038,919$41,057,195$31,222,410$73,150,776
79$111,263,630$42,987,738$32,187,102$79,273,528
80$122,528,702$45,010,319$33,181,551$85,961,353
81$134,940,171$47,129,366$34,206,675$93,269,170
82$148,614,886$49,349,523$35,263,416$101,257,368
83$163,681,613$51,675,658$36,352,749$109,992,367
84$180,282,248$54,112,876$37,475,677$119,547,217
85$198,573,159$56,666,529$38,633,234$130,002,278
86$218,726,660$59,342,227$39,826,486$141,445,951
87$240,932,638$62,145,855$41,056,532$153,975,491
88$265,400,345$65,083,580$42,324,503$167,697,910
89$292,360,374$68,161,869$43,631,568$182,730,955
90$322,066,836$71,387,504$44,978,930$199,204,199
91$354,799,757$74,767,596$46,367,827$217,260,239
92$390,867,722$78,309,597$47,799,539$237,056,015
93$430,610,788$82,021,327$49,275,383$258,764,260
94$474,403,696$85,910,979$50,796,715$282,575,106
95$522,659,405$89,987,149$52,364,937$308,697,842
96$575,832,992$94,258,847$53,981,490$337,362,864
97$634,425,948$98,735,521$55,647,861$368,823,810
98$698,990,912$103,427,079$57,365,581$403,359,921
99$770,136,888$108,343,909$59,136,232$441,278,640
100$848,534,994$113,496,904$60,961,439$482,918,475