Can I retire at age 61 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,508,068
2 years$776,734$762,268$748,248$734,655$721,470$714,386
3 years$512,679$498,150$484,166$470,701$457,730$450,799
4 years$380,677$366,193$352,349$339,113$326,457$319,733
5 years$301,497$287,100$273,437$260,471$248,167$241,670
6 years$248,727$234,439$220,978$208,301$196,366$190,104
7 years$211,050$196,881$183,634$171,256$159,698$153,674
8 years$182,804$168,764$155,736$143,662$132,485$126,700
9 years$160,847$146,939$134,135$122,368$111,572$106,024
10 years$143,292$129,520$116,942$105,483$95,065$89,751
11 years$128,937$115,304$102,954$91,802$81,759$76,677
12 years$116,984$103,490$91,369$80,522$70,850$65,996
13 years$106,878$93,525$81,632$71,089$61,783$57,151
14 years$98,223$85,012$73,347$63,105$54,159$49,744
15 years$90,728$77,660$66,222$56,279$47,686$43,483
16 years$84,177$71,251$60,040$50,391$42,145$38,149
17 years$78,403$65,620$54,634$45,276$37,368$33,573
18 years$73,276$60,636$49,874$40,803$33,226$29,625
19 years$68,694$56,197$45,657$36,869$29,615$26,202
20 years$64,575$52,221$41,902$33,392$26,453$23,221
21 years$60,853$48,641$38,542$30,305$23,672$20,615
22 years$57,475$45,405$35,522$27,554$21,219$18,330
23 years$54,394$42,466$32,798$25,094$19,047$16,320
24 years$51,575$39,788$30,333$22,888$17,120$14,548
25 years$48,985$37,339$28,094$20,902$15,406$12,982
26 years$46,598$35,093$26,056$19,112$13,877$11,595
27 years$44,392$33,026$24,195$17,494$12,511$10,365
28 years$42,347$31,121$22,493$16,028$11,289$9,272
29 years$40,446$29,359$20,931$14,698$10,194$8,299
30 years$38,676$27,726$19,497$13,489$9,211$7,433
31 years$37,023$26,211$18,176$12,389$8,327$6,661
32 years$35,476$24,800$16,959$11,385$7,533$5,972
33 years$34,026$23,486$15,835$10,470$6,817$5,356
34 years$32,665$22,260$14,795$9,633$6,172$4,806
35 years$31,384$21,113$13,832$8,868$5,590$4,313
36 years$30,176$20,039$12,940$8,167$5,065$3,872
37 years$29,037$19,033$12,111$7,525$4,591$3,477
38 years$27,961$18,088$11,342$6,936$4,162$3,123
39 years$26,942$17,200$10,626$6,395$3,774$2,806
40 years$25,976$16,364$9,960$5,899$3,423$2,522
41 years$25,060$15,577$9,339$5,442$3,106$2,266
42 years$24,190$14,835$8,760$5,023$2,818$2,037
43 years$23,362$14,135$8,220$4,636$2,558$1,831
44 years$22,575$13,474$7,716$4,281$2,321$1,647
45 years$21,824$12,848$7,245$3,954$2,107$1,481
46 years$21,108$12,257$6,805$3,652$1,913$1,331
47 years$20,425$11,697$6,393$3,374$1,738$1,198
48 years$19,772$11,166$6,008$3,118$1,578$1,077
49 years$19,148$10,663$5,647$2,881$1,433$969
50 years$18,551$10,186$5,309$2,663$1,302$872

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,000,000, adding $5,150 every year, while hoping to spend $53,755 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: 52/24/24 Blend
60$19,000,000$19,000,000$19,000,000$19,000,000
61$20,943,312$19,936,312$19,641,812$21,892,090
62$23,022,335$20,855,997$20,242,618$23,468,570
63$25,311,617$21,818,944$20,861,749$25,176,552
64$27,832,547$22,827,217$21,499,763$27,033,377
65$30,608,695$23,882,979$22,157,233$29,053,238
66$33,666,032$24,988,496$22,834,751$31,251,735
67$37,033,179$26,146,143$23,532,927$33,646,018
68$40,741,671$27,358,412$24,252,387$36,254,941
69$44,826,258$28,627,911$24,993,779$39,099,235
70$49,325,235$29,957,378$25,757,770$42,201,699
71$54,280,799$31,349,679$26,545,045$45,587,405
72$59,739,449$32,807,821$27,356,312$49,283,931
73$65,752,424$34,334,956$28,192,300$53,321,615
74$72,376,188$35,934,386$29,053,759$57,733,831
75$79,672,963$37,609,574$29,941,463$62,557,296
76$87,711,312$39,364,150$30,856,209$67,832,414
77$96,566,791$41,201,919$31,798,818$73,603,642
78$106,322,661$43,126,870$32,770,135$79,919,905
79$117,070,670$45,143,184$33,771,032$86,835,050
80$128,911,923$47,255,246$34,802,407$94,408,339
81$141,957,836$49,467,649$35,865,184$102,705,004
82$156,331,184$51,785,213$36,960,317$111,796,851
83$172,167,264$54,212,987$38,088,786$121,762,924
84$189,615,168$56,756,267$39,251,604$132,690,244
85$208,839,194$59,420,603$40,449,811$144,674,616
86$230,020,394$62,211,814$41,684,482$157,821,522
87$253,358,284$65,136,003$42,956,722$172,247,102
88$279,072,727$68,199,565$44,267,669$188,079,241
89$307,406,007$71,409,206$45,618,499$205,458,757
90$338,625,120$74,771,957$47,010,418$224,540,719
91$373,024,289$78,295,189$48,444,674$245,495,893
92$410,927,744$81,986,631$49,922,548$268,512,341
93$452,692,783$85,854,386$51,445,363$293,797,177
94$498,713,145$89,906,948$53,014,481$321,578,505
95$549,422,723$94,153,226$54,631,303$352,107,555
96$605,299,664$98,602,557$56,297,275$385,661,034
97$666,870,881$103,264,734$58,013,885$422,543,719
98$734,717,029$108,150,024$59,782,668$463,091,313
99$809,477,980$113,269,190$61,605,202$507,673,592
100$891,858,874$118,633,519$63,483,116$556,697,874