Can I retire at age 61 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,531,880
2 years$788,998$774,304$760,063$746,255$732,861$725,665
3 years$520,774$506,016$491,811$478,133$464,957$457,917
4 years$386,688$371,975$357,912$344,468$331,612$324,781
5 years$306,257$291,633$277,755$264,584$252,086$245,486
6 years$252,655$238,140$224,467$211,590$199,467$193,106
7 years$214,382$199,990$186,533$173,960$162,220$156,101
8 years$185,691$171,428$158,195$145,931$134,577$128,700
9 years$163,387$149,259$136,253$124,301$113,333$107,698
10 years$145,554$131,565$118,789$107,148$96,566$91,168
11 years$130,973$117,124$104,580$93,251$83,050$77,887
12 years$118,831$105,124$92,812$81,794$71,969$67,038
13 years$108,565$95,002$82,921$72,212$62,759$58,053
14 years$99,774$86,354$74,505$64,101$55,014$50,530
15 years$92,161$78,886$67,268$57,167$48,438$44,170
16 years$85,506$72,376$60,988$51,187$42,810$38,751
17 years$79,641$66,656$55,497$45,991$37,958$34,103
18 years$74,433$61,593$50,662$41,447$33,751$30,093
19 years$69,778$57,084$46,378$37,451$30,083$26,616
20 years$65,595$53,045$42,564$33,919$26,871$23,588
21 years$61,814$49,409$39,150$30,784$24,046$20,941
22 years$58,382$46,122$36,083$27,990$21,554$18,619
23 years$55,253$43,137$33,316$25,491$19,348$16,578
24 years$52,389$40,416$30,812$23,249$17,390$14,778
25 years$49,758$37,929$28,538$21,232$15,649$13,187
26 years$47,334$35,647$26,468$19,414$14,096$11,778
27 years$45,093$33,548$24,578$17,770$12,709$10,528
28 years$43,015$31,612$22,848$16,281$11,467$9,418
29 years$41,085$29,822$21,262$14,930$10,355$8,431
30 years$39,286$28,164$19,805$13,702$9,356$7,551
31 years$37,607$26,624$18,463$12,584$8,459$6,766
32 years$36,036$25,192$17,227$11,565$7,652$6,066
33 years$34,563$23,857$16,085$10,635$6,925$5,441
34 years$33,180$22,611$15,029$9,785$6,269$4,882
35 years$31,879$21,446$14,051$9,008$5,678$4,381
36 years$30,653$20,356$13,144$8,296$5,145$3,933
37 years$29,496$19,333$12,303$7,644$4,663$3,532
38 years$28,402$18,374$11,521$7,045$4,228$3,173
39 years$27,367$17,471$10,794$6,496$3,834$2,850
40 years$26,386$16,623$10,117$5,992$3,477$2,561
41 years$25,456$15,823$9,487$5,528$3,155$2,302
42 years$24,572$15,070$8,899$5,102$2,863$2,069
43 years$23,731$14,358$8,350$4,710$2,598$1,860
44 years$22,931$13,686$7,838$4,349$2,358$1,673
45 years$22,169$13,051$7,360$4,016$2,141$1,504
46 years$21,442$12,450$6,912$3,710$1,944$1,353
47 years$20,748$11,881$6,494$3,427$1,765$1,216
48 years$20,085$11,342$6,103$3,167$1,603$1,094
49 years$19,450$10,831$5,736$2,927$1,456$984
50 years$18,844$10,347$5,393$2,705$1,322$885

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,300,000, adding $6,579 every year, while hoping to spend $51,019 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: 42/48/10 Blend
60$19,300,000$19,300,000$19,300,000$19,300,000
61$21,275,386$20,252,486$19,953,336$22,106,336
62$23,391,192$21,190,574$20,567,489$23,625,691
63$25,721,100$22,172,919$21,200,506$25,264,237
64$28,286,894$23,201,634$21,852,966$27,037,323
65$31,112,580$24,278,937$22,525,463$28,957,237
66$34,224,610$25,407,152$23,218,613$31,037,455
67$37,652,131$26,588,713$23,933,047$33,292,760
68$41,427,262$27,826,173$24,669,418$35,739,371
69$45,585,397$29,122,210$25,428,397$38,395,087
70$50,165,537$30,479,628$26,210,678$41,279,443
71$55,210,660$31,901,368$27,016,974$44,413,885
72$60,768,125$33,390,513$27,848,020$47,821,963
73$66,890,120$34,950,294$28,704,575$51,529,535
74$73,634,153$36,584,099$29,587,419$55,565,007
75$81,063,596$38,295,480$30,497,358$59,959,580
76$89,248,284$40,088,159$31,435,220$64,747,537
77$98,265,170$41,966,040$32,401,861$69,966,550
78$108,199,056$43,933,214$33,398,162$75,658,019
79$119,143,390$45,993,971$34,425,030$81,867,449
80$131,201,148$48,152,809$35,483,401$88,644,864
81$144,485,809$50,414,441$36,574,239$96,045,260
82$159,122,424$52,783,810$37,698,538$104,129,107
83$175,248,793$55,266,099$38,857,322$112,962,900
84$193,016,773$57,866,741$40,051,645$122,619,769
85$212,593,704$60,591,431$41,282,594$133,180,146
86$234,163,991$63,446,141$42,551,291$144,732,504
87$257,930,849$66,437,132$43,858,890$157,374,172
88$284,118,213$69,570,970$45,206,581$171,212,224
89$312,972,859$72,854,535$46,595,589$186,364,470
90$344,766,728$76,295,045$48,027,178$202,960,540
91$379,799,497$79,900,064$49,502,651$221,143,080
92$418,401,404$83,677,526$51,023,349$241,069,072
93$460,936,371$87,635,749$52,590,655$262,911,284
94$507,805,432$91,783,452$54,205,993$286,859,868
95$559,450,524$96,129,779$55,870,832$313,124,128
96$616,358,657$100,684,317$57,586,684$341,934,455
97$679,066,512$105,457,120$59,355,110$373,544,468
98$748,165,504$110,458,727$61,177,714$408,233,374
99$824,307,371$115,700,191$63,056,153$446,308,559
100$908,210,322$121,193,099$64,992,133$488,108,449