Can I retire at age 61 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,516,547
2 years$801,262$786,339$771,877$757,855$744,253$697,905
3 years$528,869$513,882$499,455$485,565$472,185$427,325
4 years$392,699$377,757$363,476$349,822$336,766$293,740
5 years$311,018$296,166$282,072$268,697$256,004$214,928
6 years$256,582$241,842$227,956$214,879$202,567$163,478
7 years$217,714$203,099$189,433$176,664$164,742$127,638
8 years$188,577$174,093$160,654$148,199$136,669$101,528
9 years$165,926$151,579$138,371$126,233$115,095$81,881
10 years$147,817$133,610$120,635$108,814$98,067$66,733
11 years$133,009$118,945$106,205$94,701$84,341$54,834
12 years$120,678$106,759$94,254$83,065$73,088$45,349
13 years$110,253$96,479$84,210$73,334$63,734$37,700
14 years$101,324$87,696$75,663$65,098$55,869$31,473
15 years$93,593$80,112$68,314$58,056$49,191$26,364
16 years$86,835$73,501$61,936$51,983$43,475$22,148
17 years$80,879$67,692$56,360$46,706$38,548$18,649
18 years$75,590$62,550$51,449$42,092$34,275$15,734
19 years$70,863$57,971$47,099$38,033$30,550$13,296
20 years$66,614$53,870$43,225$34,446$27,288$11,251
21 years$62,775$50,177$39,759$31,262$24,420$9,531
22 years$59,290$46,839$36,644$28,425$21,889$8,082
23 years$56,112$43,807$33,834$25,887$19,649$6,859
24 years$53,204$41,045$31,291$23,610$17,661$5,825
25 years$50,532$38,518$28,982$21,562$15,892$4,950
26 years$48,070$36,201$26,879$19,715$14,315$4,208
27 years$45,794$34,069$24,960$18,046$12,906$3,579
28 years$43,684$32,103$23,203$16,534$11,645$3,045
29 years$41,724$30,286$21,592$15,162$10,516$2,591
30 years$39,897$28,602$20,113$13,915$9,501$2,206
31 years$38,192$27,038$18,750$12,780$8,590$1,878
32 years$36,596$25,584$17,494$11,745$7,770$1,600
33 years$35,101$24,228$16,335$10,800$7,032$1,362
34 years$33,696$22,963$15,262$9,937$6,367$1,161
35 years$32,375$21,780$14,269$9,148$5,767$989
36 years$31,129$20,672$13,348$8,425$5,225$842
37 years$29,954$19,634$12,494$7,763$4,736$718
38 years$28,843$18,659$11,700$7,155$4,293$612
39 years$27,792$17,743$10,962$6,597$3,893$521
40 years$26,796$16,881$10,274$6,085$3,531$444
41 years$25,851$16,069$9,634$5,614$3,204$379
42 years$24,954$15,304$9,037$5,181$2,907$323
43 years$24,100$14,581$8,480$4,783$2,638$275
44 years$23,288$13,899$7,960$4,416$2,395$235
45 years$22,513$13,254$7,474$4,078$2,174$200
46 years$21,775$12,644$7,020$3,767$1,974$170
47 years$21,070$12,066$6,595$3,481$1,792$145
48 years$20,397$11,519$6,198$3,216$1,628$124
49 years$19,753$11,000$5,825$2,972$1,478$106
50 years$19,136$10,507$5,477$2,747$1,343$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,600,000, adding $3,213 every year, while hoping to spend $47,012 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: 74/12/14 Blend
60$19,600,000$19,600,000$19,600,000$19,600,000
61$21,602,514$20,563,714$20,259,914$23,136,100
62$23,755,950$21,521,316$20,888,601$25,108,281
63$26,127,461$22,524,264$21,536,773$27,262,372
64$28,739,241$23,574,732$22,205,034$29,621,289
65$31,615,746$24,674,996$22,894,004$32,205,354
66$34,783,925$25,827,444$23,604,326$35,036,936
67$38,273,474$27,034,578$24,336,661$38,140,663
68$42,117,118$28,299,021$25,091,688$41,543,649
69$46,350,915$29,623,524$25,870,111$45,275,748
70$51,014,602$31,010,971$26,672,653$49,369,831
71$56,151,966$32,464,383$27,500,061$53,862,095
72$61,811,258$33,986,929$28,353,105$58,792,399
73$68,045,649$35,581,931$29,232,577$64,204,635
74$74,913,731$37,252,872$30,139,294$70,147,141
75$82,480,072$39,003,403$31,074,101$76,673,151
76$90,815,822$40,837,353$32,037,866$83,841,296
77$99,999,386$42,758,733$33,031,485$91,716,148
78$110,117,164$44,771,752$34,055,880$100,368,828
79$121,264,368$46,880,821$35,112,005$109,877,673
80$133,545,917$49,090,564$36,200,841$120,328,967
81$147,077,431$51,405,832$37,323,399$131,817,751
82$161,986,318$53,831,707$38,480,722$144,448,717
83$178,412,982$56,373,521$39,673,886$158,337,188
84$196,512,144$59,036,861$40,903,999$173,610,198
85$216,454,303$61,827,587$42,172,203$190,407,692
86$238,427,347$64,751,844$43,479,677$208,883,830
87$262,638,324$67,816,072$44,827,634$229,208,444
88$289,315,400$71,027,026$46,217,326$251,568,629
89$318,710,008$74,391,788$47,650,045$276,170,505
90$351,099,226$77,917,783$49,127,118$303,241,148
91$386,788,390$81,612,797$50,649,919$333,030,732
92$426,113,975$85,484,993$52,219,861$365,814,881
93$469,446,774$89,542,932$53,838,401$401,897,256
94$517,195,399$93,795,589$55,507,040$441,612,418
95$569,810,132$98,252,375$57,227,328$485,328,975
96$627,787,183$102,923,159$59,000,862$533,453,049
97$691,673,370$107,818,289$60,829,285$586,432,100
98$762,071,283$112,948,615$62,714,296$644,759,139
99$839,644,971$118,325,514$64,657,642$708,977,371
100$925,126,212$123,960,917$66,661,126$779,685,309