Can I retire at age 61 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,442,828
2 years$748,117$734,184$720,681$707,589$694,889$678,339
3 years$493,791$479,798$466,328$453,359$440,866$424,720
4 years$366,652$352,702$339,368$326,620$314,430$298,811
5 years$290,389$276,523$263,363$250,875$239,024$223,979
6 years$239,564$225,802$212,837$200,627$189,132$174,679
7 years$203,274$189,628$176,868$164,946$153,815$139,959
8 years$176,069$162,546$149,998$138,369$127,604$114,346
9 years$154,921$141,526$129,193$117,860$107,461$94,794
10 years$138,012$124,748$112,634$101,597$91,562$79,479
11 years$124,187$111,056$99,161$88,419$78,747$67,236
12 years$112,674$99,678$88,003$77,556$68,240$57,290
13 years$102,940$90,079$78,625$68,470$59,507$49,104
14 years$94,604$81,880$70,645$60,780$52,163$42,294
15 years$87,386$74,799$63,783$54,205$45,929$36,576
16 years$81,076$68,626$57,828$48,535$40,592$31,741
17 years$75,514$63,202$52,621$43,608$35,992$27,625
18 years$70,576$58,402$48,037$39,300$32,002$24,102
19 years$66,163$54,126$43,975$35,511$28,524$21,074
20 years$62,196$50,297$40,358$32,162$25,478$18,460
21 years$58,611$46,849$37,122$29,189$22,800$16,196
22 years$55,357$43,732$34,214$26,539$20,437$14,229
23 years$52,390$40,902$31,590$24,170$18,346$12,516
24 years$49,675$38,322$29,216$22,044$16,489$11,021
25 years$47,180$35,964$27,059$20,132$14,838$9,713
26 years$44,881$33,800$25,096$18,408$13,365$8,567
27 years$42,756$31,810$23,304$16,849$12,050$7,562
28 years$40,787$29,974$21,664$15,437$10,873$6,679
29 years$38,956$28,277$20,160$14,156$9,818$5,902
30 years$37,251$26,705$18,779$12,992$8,871$5,218
31 years$35,659$25,245$17,507$11,932$8,020$4,615
32 years$34,169$23,887$16,334$10,966$7,255$4,083
33 years$32,773$22,621$15,251$10,084$6,566$3,614
34 years$31,461$21,440$14,250$9,278$5,945$3,200
35 years$30,227$20,335$13,323$8,541$5,384$2,834
36 years$29,065$19,301$12,463$7,866$4,878$2,510
37 years$27,967$18,332$11,665$7,248$4,421$2,224
38 years$26,930$17,422$10,924$6,680$4,008$1,970
39 years$25,949$16,566$10,235$6,160$3,635$1,746
40 years$25,019$15,761$9,593$5,681$3,297$1,548
41 years$24,137$15,003$8,995$5,242$2,991$1,372
42 years$23,299$14,289$8,438$4,838$2,714$1,216
43 years$22,502$13,614$7,918$4,466$2,463$1,079
44 years$21,743$12,977$7,432$4,123$2,236$956
45 years$21,020$12,375$6,978$3,808$2,030$848
46 years$20,331$11,805$6,554$3,517$1,843$752
47 years$19,673$11,266$6,158$3,250$1,674$667
48 years$19,044$10,755$5,786$3,003$1,520$592
49 years$18,443$10,270$5,439$2,775$1,380$525
50 years$17,867$9,810$5,113$2,565$1,254$466

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,300,000, adding $4,007 every year, while hoping to spend $57,201 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: 60/25/15 Blend
60$18,300,000$18,300,000$18,300,000$18,300,000
61$20,170,733$19,200,833$18,917,183$21,304,619
62$22,167,287$20,080,813$19,490,047$22,949,424
63$24,365,571$21,001,994$20,080,185$24,736,146
64$26,786,103$21,966,336$20,688,116$26,683,900
65$29,451,490$22,975,890$21,314,372$28,808,255
66$32,386,642$24,032,809$21,959,503$31,126,331
67$35,619,009$25,139,346$22,624,076$33,656,957
68$39,178,839$26,297,865$23,308,674$36,420,844
69$43,099,463$27,510,842$24,013,896$39,440,771
70$47,417,608$28,780,873$24,740,361$42,741,802
71$52,173,746$30,110,679$25,488,706$46,351,507
72$57,412,477$31,503,110$26,259,586$50,300,225
73$63,182,943$32,961,157$27,053,676$54,621,340
74$69,539,301$34,487,951$27,871,672$59,351,587
75$76,541,226$36,086,777$28,714,289$64,531,396
76$84,254,478$37,761,075$29,582,265$70,205,266
77$92,751,522$39,514,455$30,476,358$76,422,175
78$102,112,212$41,350,698$31,397,350$83,236,034
79$112,424,543$43,273,768$32,346,047$90,706,191
80$123,785,484$45,287,820$33,323,277$98,897,981
81$136,301,890$47,397,211$34,329,894$107,883,330
82$150,091,514$49,606,505$35,366,777$117,741,431
83$165,284,115$51,920,490$36,434,830$128,559,476
84$182,022,684$54,344,184$37,534,986$140,433,472
85$200,464,794$56,882,845$38,668,205$153,469,133
86$220,784,087$59,541,988$39,835,474$167,782,873
87$243,171,912$62,327,394$41,037,810$183,502,885
88$267,839,133$65,245,122$42,276,262$200,770,343
89$295,018,116$68,301,524$43,551,909$219,740,722
90$324,964,926$71,503,262$44,865,860$240,585,251
91$357,961,743$74,857,315$46,219,260$263,492,516
92$394,319,521$78,371,005$47,613,286$288,670,223
93$434,380,933$82,052,004$49,049,151$316,347,147
94$478,523,594$85,908,358$50,528,104$346,775,272
95$527,163,634$89,948,501$52,051,429$380,232,153
96$580,759,624$94,181,277$53,620,451$417,023,523
97$639,816,901$98,615,955$55,236,532$457,486,154
98$704,892,344$103,262,256$56,901,075$501,991,021
99$776,599,627$108,130,370$58,615,525$550,946,781
100$855,615,013$113,230,983$60,381,369$604,803,614