Can I retire at age 61 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,488,055
2 years$780,822$766,280$752,186$738,521$725,267$690,192
3 years$515,377$500,772$486,714$473,178$460,139$426,091
4 years$382,681$368,121$354,203$340,898$328,175$295,417
5 years$303,084$288,611$274,876$261,842$249,474$218,096
6 years$250,036$235,673$222,141$209,397$197,400$167,436
7 years$212,160$197,918$184,600$172,157$160,539$131,993
8 years$183,766$169,652$156,556$144,418$133,183$106,044
9 years$161,694$147,712$134,841$123,012$112,159$86,407
10 years$144,046$130,201$117,558$106,038$95,565$71,171
11 years$129,616$115,911$103,496$92,285$82,189$59,121
12 years$117,600$104,035$91,850$80,946$71,223$49,443
13 years$107,440$94,017$82,062$71,463$62,108$41,576
14 years$98,740$85,459$73,733$63,437$54,444$35,117
15 years$91,206$78,068$66,571$56,575$47,936$29,770
16 years$84,620$71,626$60,356$50,657$42,366$25,314
17 years$78,815$65,965$54,922$45,515$37,565$21,581
18 years$73,661$60,955$50,137$41,018$33,401$18,437
19 years$69,055$56,492$45,898$37,063$29,771$15,780
20 years$64,915$52,495$42,123$33,568$26,592$13,526
21 years$61,174$48,897$38,745$30,465$23,797$11,610
22 years$57,777$45,644$35,709$27,700$21,331$9,976
23 years$54,681$42,690$32,971$25,226$19,148$8,580
24 years$51,846$39,998$30,493$23,008$17,210$7,385
25 years$49,243$37,536$28,242$21,012$15,487$6,361
26 years$46,843$35,278$26,193$19,213$13,950$5,482
27 years$44,626$33,200$24,323$17,586$12,577$4,728
28 years$42,570$31,284$22,611$16,112$11,348$4,078
29 years$40,659$29,513$21,042$14,775$10,247$3,520
30 years$38,879$27,872$19,600$13,560$9,259$3,038
31 years$37,218$26,348$18,272$12,454$8,371$2,624
32 years$35,663$24,931$17,048$11,445$7,572$2,266
33 years$34,205$23,610$15,918$10,525$6,853$1,958
34 years$32,836$22,377$14,873$9,684$6,205$1,692
35 years$31,549$21,224$13,905$8,915$5,620$1,462
36 years$30,335$20,145$13,008$8,210$5,092$1,264
37 years$29,190$19,133$12,175$7,564$4,615$1,092
38 years$28,108$18,183$11,401$6,972$4,184$944
39 years$27,083$17,290$10,682$6,429$3,794$816
40 years$26,113$16,450$10,012$5,930$3,441$706
41 years$25,192$15,659$9,388$5,471$3,122$610
42 years$24,317$14,913$8,806$5,049$2,833$528
43 years$23,485$14,209$8,264$4,661$2,571$456
44 years$22,694$13,545$7,757$4,303$2,334$395
45 years$21,939$12,916$7,283$3,974$2,119$341
46 years$21,220$12,321$6,841$3,671$1,924$295
47 years$20,533$11,758$6,427$3,392$1,747$255
48 years$19,876$11,225$6,039$3,134$1,586$221
49 years$19,249$10,719$5,677$2,896$1,441$191
50 years$18,648$10,239$5,337$2,677$1,309$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,100,000, adding $4,536 every year, while hoping to spend $51,801 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: 30/50/20 Blend
60$19,100,000$19,100,000$19,100,000$19,100,000
61$21,052,879$20,040,579$19,744,529$21,552,270
62$23,145,157$20,967,451$20,350,855$22,859,145
63$25,449,111$21,938,004$20,975,756$24,259,162
64$27,986,277$22,954,324$21,619,801$25,764,243
65$30,780,387$24,018,596$22,283,575$27,383,503
66$33,857,591$25,133,111$22,967,679$29,126,912
67$37,246,704$26,300,273$23,672,735$31,005,385
68$40,979,480$27,522,598$24,399,383$33,030,874
69$45,090,907$28,802,725$25,148,283$35,216,466
70$49,619,543$30,143,422$25,920,114$37,576,499
71$54,607,875$31,547,588$26,715,576$40,126,686
72$60,102,721$33,018,263$27,535,391$42,884,249
73$66,155,674$34,558,634$28,380,302$45,868,069
74$72,823,587$36,172,040$29,251,076$49,098,852
75$80,169,107$37,861,985$30,148,501$52,599,311
76$88,261,273$39,632,139$31,073,393$56,394,362
77$97,176,159$41,486,350$32,026,588$60,511,348
78$106,997,599$43,428,653$33,008,950$64,980,279
79$117,817,974$45,463,277$34,021,370$69,834,099
80$129,739,086$47,594,656$35,064,764$75,108,978
81$142,873,117$49,827,438$36,140,078$80,844,638
82$157,343,690$52,166,498$37,248,286$87,084,706
83$173,287,032$54,616,942$38,390,390$93,877,106
84$190,853,266$57,184,129$39,567,424$101,274,491
85$210,207,821$59,873,673$40,780,455$109,334,718
86$231,532,997$62,691,462$42,030,579$118,121,371
87$255,029,687$65,643,667$43,318,927$127,704,336
88$280,919,269$68,736,761$44,646,665$138,160,436
89$309,445,700$71,977,528$46,014,994$149,574,130
90$340,877,816$75,373,081$47,425,151$162,038,283
91$375,511,870$78,930,879$48,878,410$175,655,011
92$413,674,331$82,658,742$50,376,087$190,536,617
93$455,724,960$86,564,868$51,919,533$206,806,621
94$502,060,212$90,657,852$53,510,144$224,600,886
95$553,116,976$94,946,710$55,149,356$244,068,872
96$609,376,699$99,440,890$56,838,651$265,375,010
97$671,369,930$104,150,301$58,579,553$288,700,211
98$739,681,330$109,085,333$60,373,635$314,243,538
99$814,955,190$114,256,879$62,222,517$342,224,044
100$897,901,515$119,676,361$64,127,866$372,882,791