Can I retire at age 61 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,393,712
2 years$744,029$730,172$716,743$703,722$691,092$633,793
3 years$491,092$477,176$463,780$450,882$438,457$383,246
4 years$364,649$350,775$337,513$324,835$312,711$260,007
5 years$288,802$275,012$261,924$249,504$237,718$187,655
6 years$238,255$224,568$211,674$199,531$188,098$140,709
7 years$202,163$188,592$175,902$164,045$152,974$108,241
8 years$175,107$161,658$149,179$137,613$126,907$84,784
9 years$154,074$140,752$128,487$117,216$106,874$67,298
10 years$137,258$124,066$112,018$101,041$91,062$53,955
11 years$123,508$110,449$98,619$87,936$78,316$43,593
12 years$112,059$99,133$87,522$77,132$67,867$35,433
13 years$102,378$89,587$78,195$68,096$59,182$28,939
14 years$94,087$81,432$70,259$60,448$51,878$23,725
15 years$86,908$74,390$63,434$53,909$45,678$19,510
16 years$80,633$68,251$57,512$48,270$40,370$16,084
17 years$75,102$62,857$52,334$43,370$35,795$13,287
18 years$70,190$58,083$47,774$39,085$31,827$10,994
19 years$65,801$53,830$43,735$35,317$28,368$9,110
20 years$61,856$50,022$40,138$31,986$25,339$7,556
21 years$58,291$46,593$36,919$29,029$22,676$6,274
22 years$55,055$43,493$34,027$26,394$20,325$5,213
23 years$52,104$40,678$31,417$24,038$18,245$4,334
24 years$49,403$38,113$29,056$21,924$16,399$3,606
25 years$46,922$35,767$26,912$20,022$14,757$3,001
26 years$44,636$33,615$24,959$18,307$13,292$2,498
27 years$42,523$31,636$23,177$16,757$11,984$2,080
28 years$40,564$29,810$21,546$15,353$10,814$1,733
29 years$38,743$28,123$20,050$14,079$9,764$1,444
30 years$37,047$26,559$18,676$12,921$8,823$1,203
31 years$35,464$25,107$17,411$11,867$7,977$1,003
32 years$33,982$23,756$16,245$10,906$7,215$836
33 years$32,594$22,498$15,168$10,029$6,530$697
34 years$31,289$21,323$14,172$9,228$5,912$581
35 years$30,062$20,224$13,250$8,494$5,355$484
36 years$28,906$19,196$12,395$7,823$4,852$404
37 years$27,815$18,231$11,601$7,208$4,397$337
38 years$26,783$17,326$10,864$6,644$3,987$281
39 years$25,807$16,476$10,179$6,126$3,615$234
40 years$24,882$15,675$9,540$5,650$3,279$195
41 years$24,005$14,921$8,946$5,213$2,975$163
42 years$23,171$14,211$8,392$4,811$2,699$136
43 years$22,379$13,540$7,874$4,441$2,450$113
44 years$21,624$12,906$7,391$4,101$2,224$94
45 years$20,905$12,307$6,940$3,787$2,019$79
46 years$20,220$11,741$6,518$3,498$1,833$66
47 years$19,565$11,204$6,124$3,232$1,664$55
48 years$18,940$10,696$5,755$2,986$1,511$46
49 years$18,342$10,214$5,409$2,760$1,373$38
50 years$17,770$9,757$5,085$2,551$1,247$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,200,000, adding $5,298 every year, while hoping to spend $59,742 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: 27/43/30 Blend
60$18,200,000$18,200,000$18,200,000$18,200,000
61$20,061,865$19,097,265$18,815,165$20,416,732
62$22,044,610$19,969,466$19,381,908$21,579,870
63$24,227,593$20,882,402$19,965,634$22,822,294
64$26,631,175$21,838,007$20,566,851$24,155,029
65$29,277,791$22,838,307$21,186,077$25,585,824
66$32,192,166$23,885,423$21,823,850$27,123,161
67$35,401,539$24,981,581$22,480,721$28,776,318
68$38,935,930$26,129,113$23,157,260$30,555,456
69$42,828,418$27,330,462$23,854,051$32,471,700
70$47,115,451$28,588,190$24,571,696$34,537,239
71$51,837,196$29,904,980$25,310,817$36,765,427
72$57,037,912$31,283,645$26,072,051$39,170,898
73$62,766,370$32,727,135$26,856,056$41,769,699
74$69,076,315$34,238,540$27,663,509$44,579,426
75$76,026,969$35,821,098$28,495,106$47,619,375
76$83,683,593$37,478,205$29,351,565$50,910,719
77$92,118,101$39,213,420$30,233,625$54,476,690
78$101,409,742$41,030,471$31,142,045$58,342,785
79$111,645,840$42,933,269$32,077,609$62,536,993
80$122,922,629$44,925,912$33,041,121$67,090,046
81$135,346,150$47,012,695$34,033,412$72,035,691
82$149,033,262$49,198,121$35,055,336$77,410,993
83$164,112,735$51,486,910$36,107,770$83,256,670
84$180,726,474$53,884,009$37,191,621$89,617,454
85$199,030,854$56,394,604$38,307,819$96,542,503
86$219,198,193$59,024,133$39,457,324$104,085,838
87$241,418,387$61,778,293$40,641,122$112,306,838
88$265,900,692$64,663,059$41,860,230$121,270,774
89$292,875,708$67,684,695$43,115,693$131,049,408
90$322,597,550$70,849,764$44,408,588$141,721,647
91$355,346,248$74,165,150$45,740,023$153,374,257
92$391,430,391$77,638,069$47,111,140$166,102,666
93$431,190,040$81,276,083$48,523,112$180,011,831
94$474,999,936$85,087,123$49,977,149$195,217,204
95$523,273,040$89,079,502$51,474,493$211,845,794
96$576,464,428$93,261,936$53,016,427$230,037,334
97$635,075,591$97,643,561$54,604,268$249,945,566
98$699,659,163$102,233,958$56,239,373$271,739,664
99$770,824,144$107,043,169$57,923,138$295,605,794
100$849,241,646$112,081,722$59,657,002$321,748,832