Can I retire at age 61 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,453,244
2 years$760,381$746,220$732,495$719,188$706,281$676,242
3 years$501,886$487,663$473,973$460,791$448,094$418,899
4 years$372,663$358,484$344,931$331,974$319,584$291,458
5 years$295,150$281,056$267,681$254,988$242,943$215,966
6 years$243,491$229,503$216,326$203,916$192,232$166,434
7 years$206,606$192,736$179,768$167,650$156,336$131,722
8 years$178,956$165,211$152,457$140,638$129,696$106,258
9 years$157,461$143,846$131,311$119,792$109,223$86,946
10 years$140,275$126,793$114,480$103,262$93,063$71,926
11 years$126,223$112,876$100,787$89,869$80,038$60,013
12 years$114,521$101,312$89,446$78,827$69,359$50,419
13 years$104,628$91,556$79,914$69,593$60,482$42,595
14 years$96,155$83,222$71,803$61,776$53,018$36,149
15 years$88,818$76,025$64,828$55,094$46,682$30,794
16 years$82,405$69,751$58,776$49,330$41,257$26,316
17 years$76,752$64,238$53,484$44,323$36,582$22,548
18 years$71,733$59,359$48,824$39,944$32,527$19,362
19 years$67,248$55,013$44,696$36,093$28,992$16,658
20 years$63,216$51,121$41,020$32,689$25,896$14,355
21 years$59,572$47,617$37,730$29,667$23,174$12,387
22 years$56,265$44,449$34,774$26,974$20,772$10,701
23 years$53,249$41,572$32,108$24,566$18,646$9,254
24 years$50,489$38,951$29,694$22,406$16,760$8,010
25 years$47,954$36,553$27,503$20,462$15,081$6,938
26 years$45,617$34,354$25,508$18,710$13,585$6,013
27 years$43,457$32,331$23,686$17,125$12,248$5,215
28 years$41,455$30,466$22,019$15,690$11,051$4,524
29 years$39,595$28,741$20,491$14,388$9,979$3,927
30 years$37,862$27,143$19,086$13,205$9,017$3,410
31 years$36,243$25,659$17,794$12,128$8,152$2,961
32 years$34,729$24,278$16,602$11,146$7,374$2,573
33 years$33,310$22,992$15,501$10,249$6,673$2,236
34 years$31,977$21,791$14,483$9,430$6,042$1,943
35 years$30,723$20,669$13,541$8,681$5,473$1,689
36 years$29,541$19,618$12,667$7,995$4,958$1,469
37 years$28,426$18,632$11,856$7,366$4,494$1,277
38 years$27,372$17,707$11,103$6,790$4,074$1,111
39 years$26,374$16,838$10,402$6,261$3,695$966
40 years$25,429$16,020$9,750$5,774$3,351$840
41 years$24,532$15,249$9,142$5,328$3,040$731
42 years$23,681$14,523$8,576$4,917$2,759$636
43 years$22,871$13,837$8,047$4,539$2,504$553
44 years$22,099$13,190$7,554$4,191$2,273$481
45 years$21,365$12,578$7,093$3,870$2,063$419
46 years$20,664$11,999$6,662$3,575$1,873$364
47 years$19,995$11,450$6,259$3,303$1,701$317
48 years$19,356$10,931$5,881$3,052$1,545$276
49 years$18,745$10,439$5,528$2,821$1,403$240
50 years$18,160$9,971$5,197$2,607$1,274$209

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $18,600,000, adding $6,176 every year, while hoping to spend $41,484 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: 57/30/13 Blend
60$18,600,000$18,600,000$18,600,000$18,600,000
61$20,503,571$19,517,771$19,229,471$21,604,439
62$22,550,796$20,430,003$19,829,519$23,261,981
63$24,805,448$21,385,544$20,448,279$25,062,168
64$27,288,641$22,386,472$21,086,333$27,022,789
65$30,023,640$23,434,967$21,744,283$29,159,226
66$33,036,082$24,533,312$22,422,748$31,488,384
67$36,354,220$25,683,902$23,122,367$34,028,848
68$40,009,185$26,889,247$23,843,801$36,801,053
69$44,035,281$28,151,979$24,587,727$39,827,467
70$48,470,311$29,474,858$25,354,848$43,132,796
71$53,355,933$30,860,775$26,145,885$46,744,216
72$58,738,050$32,312,765$26,961,584$50,691,616
73$64,667,247$33,834,007$27,802,713$55,007,872
74$71,199,266$35,427,833$28,670,064$59,729,156
75$78,395,534$37,097,740$29,564,454$64,895,261
76$86,323,741$38,847,391$30,486,725$70,549,972
77$95,058,478$40,680,629$31,437,747$76,741,471
78$104,681,945$42,601,482$32,418,413$83,522,776
79$115,284,721$44,614,173$33,429,648$90,952,238
80$126,966,625$46,723,130$34,472,404$99,094,079
81$139,837,654$48,932,996$35,547,662$108,018,986
82$154,019,021$51,248,639$36,656,435$117,804,766
83$169,644,302$53,675,163$37,799,767$128,537,069
84$186,860,695$56,217,921$38,978,733$140,310,186
85$205,830,410$58,882,522$40,194,444$153,227,921
86$226,732,197$61,674,852$41,448,044$167,404,563
87$249,763,041$64,601,079$42,740,713$182,965,943
88$275,140,011$67,667,672$44,073,667$200,050,612
89$303,102,319$70,881,415$45,448,161$218,811,131
90$333,913,569$74,249,418$46,865,489$239,415,494
91$367,864,254$77,779,140$48,326,983$262,048,696
92$405,274,491$81,478,401$49,834,020$286,914,461
93$446,497,047$85,355,400$51,388,018$314,237,148
94$491,920,667$89,418,736$52,990,437$344,263,846
95$541,973,745$93,677,424$54,642,787$377,266,687
96$597,128,368$98,140,919$56,346,622$413,545,391
97$657,904,772$102,819,134$58,103,543$453,430,075
98$724,876,252$107,722,465$59,915,205$497,284,342
99$798,674,576$112,861,813$61,783,312$545,508,692
100$879,995,950$118,248,609$63,709,619$598,544,271