Can I retire at age 61 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,442,935
2 years$752,205$738,196$724,619$711,455$698,687$674,269
3 years$496,489$482,419$468,877$455,836$443,275$419,507
4 years$368,656$354,629$341,222$328,404$316,148$293,211
5 years$291,976$278,034$264,802$252,246$240,331$218,292
6 years$240,873$227,035$214,000$201,723$190,165$169,051
7 years$204,385$190,664$177,835$165,848$154,655$134,471
8 years$177,031$163,434$150,818$139,126$128,302$109,043
9 years$155,768$142,299$129,899$118,504$108,048$89,705
10 years$138,767$125,430$113,249$102,152$92,063$74,619
11 years$124,866$111,663$99,703$88,903$79,177$62,615
12 years$113,290$100,222$88,484$77,980$68,613$52,911
13 years$103,503$90,572$79,054$68,844$59,832$44,967
14 years$95,121$82,327$71,031$61,112$52,448$38,395
15 years$87,863$75,207$64,131$54,501$46,180$32,912
16 years$81,519$69,001$58,144$48,800$40,814$28,304
17 years$75,927$63,548$52,909$43,846$36,188$24,408
18 years$70,962$58,721$48,299$39,514$32,177$21,097
19 years$66,524$54,422$44,216$35,705$28,680$18,272
20 years$62,536$50,571$40,579$32,337$25,617$15,852
21 years$58,932$47,105$37,325$29,348$22,925$13,773
22 years$55,660$43,971$34,400$26,684$20,549$11,981
23 years$52,677$41,125$31,763$24,302$18,446$10,434
24 years$49,946$38,532$29,375$22,165$16,580$9,095
25 years$47,438$36,160$27,207$20,242$14,919$7,934
26 years$45,127$33,985$25,233$18,508$13,439$6,926
27 years$42,990$31,984$23,431$16,941$12,116$6,050
28 years$41,010$30,138$21,783$15,522$10,932$5,288
29 years$39,169$28,432$20,270$14,234$9,872$4,623
30 years$37,454$26,851$18,881$13,063$8,920$4,044
31 years$35,854$25,383$17,602$11,997$8,064$3,539
32 years$34,356$24,017$16,423$11,026$7,295$3,098
33 years$32,952$22,745$15,335$10,139$6,602$2,712
34 years$31,633$21,557$14,328$9,329$5,977$2,375
35 years$30,392$20,446$13,395$8,588$5,414$2,080
36 years$29,223$19,407$12,531$7,909$4,905$1,823
37 years$28,120$18,432$11,729$7,287$4,446$1,597
38 years$27,078$17,517$10,984$6,717$4,030$1,400
39 years$26,091$16,657$10,290$6,193$3,655$1,227
40 years$25,156$15,848$9,645$5,712$3,315$1,075
41 years$24,269$15,085$9,044$5,270$3,008$943
42 years$23,426$14,367$8,484$4,864$2,729$826
43 years$22,625$13,689$7,961$4,490$2,477$724
44 years$21,862$13,048$7,473$4,146$2,248$635
45 years$21,135$12,443$7,017$3,829$2,041$557
46 years$20,442$11,870$6,590$3,537$1,853$488
47 years$19,780$11,327$6,191$3,267$1,683$428
48 years$19,148$10,813$5,818$3,019$1,528$376
49 years$18,543$10,326$5,469$2,790$1,388$329
50 years$17,965$9,864$5,141$2,579$1,261$289

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,400,000, adding $3,074 every year, while hoping to spend $28,018 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: 44/38/18 Blend
60$18,400,000$18,400,000$18,400,000$18,400,000
61$20,279,971$19,304,771$19,019,571$21,066,610
62$22,318,717$20,220,894$19,626,916$22,535,620
63$24,564,476$21,180,967$20,253,667$24,123,908
64$27,038,334$22,187,116$20,900,446$25,844,891
65$29,763,526$23,241,567$21,567,894$27,710,842
66$32,765,658$24,346,656$22,256,670$29,735,231
67$36,072,943$25,504,830$22,967,457$31,932,841
68$39,716,476$26,718,659$23,700,959$34,319,903
69$43,730,517$27,990,834$24,457,902$36,914,238
70$48,152,824$29,324,179$25,239,036$39,735,420
71$53,025,003$30,721,655$26,045,134$42,804,946
72$58,392,902$32,186,365$26,876,995$46,146,433
73$64,307,047$33,721,566$27,735,443$49,785,832
74$70,823,114$35,330,671$28,621,329$53,751,657
75$78,002,457$37,017,259$29,535,529$58,075,248
76$85,912,688$38,785,085$30,478,949$62,791,053
77$94,628,313$40,638,085$31,452,525$67,936,943
78$104,231,436$42,580,386$32,457,219$73,554,553
79$114,812,535$44,616,318$33,494,029$79,689,665
80$126,471,316$46,750,419$34,563,981$86,392,623
81$139,317,651$48,987,451$35,668,135$93,718,800
82$153,472,619$51,332,404$36,807,586$101,729,096
83$169,069,648$53,790,514$37,983,462$110,490,505
84$186,255,773$56,367,270$39,196,929$120,076,726
85$205,193,025$59,068,429$40,449,189$130,568,844
86$226,059,960$61,900,028$41,741,483$142,056,074
87$249,053,346$64,868,400$43,075,093$154,636,588
88$274,390,018$67,980,182$44,451,339$168,418,417
89$302,308,927$71,242,339$45,871,587$183,520,454
90$333,073,396$74,662,172$47,337,243$200,073,550
91$366,973,603$78,247,338$48,849,761$218,221,731
92$404,329,323$82,005,870$50,410,640$238,123,529
93$445,492,944$85,946,189$52,021,428$259,953,456
94$490,852,800$90,077,127$53,683,720$283,903,624
95$540,836,827$94,407,948$55,399,167$310,185,532
96$595,916,612$98,948,366$57,169,467$339,032,030
97$656,611,839$103,708,568$58,996,377$370,699,491
98$723,495,199$108,699,241$60,881,708$405,470,198
99$797,197,794$113,931,588$62,827,330$443,654,974
100$878,415,095$119,417,362$64,835,172$485,596,083