Can I retire at age 61 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,534,176
2 years$805,350$790,351$775,815$761,721$748,050$711,254
3 years$531,567$516,503$502,004$488,042$474,594$438,882
4 years$394,702$379,685$365,330$351,607$338,484$304,130
5 years$312,605$297,677$283,511$270,068$257,310$224,411
6 years$257,891$243,076$229,119$215,975$203,601$172,190
7 years$218,825$204,135$190,399$177,565$165,582$135,664
8 years$189,539$174,981$161,474$148,955$137,366$108,930
9 years$166,773$152,353$139,077$126,877$115,682$88,705
10 years$148,571$134,291$121,251$109,369$98,567$73,019
11 years$133,688$119,552$106,747$95,184$84,771$60,617
12 years$121,294$107,303$94,735$83,489$73,461$50,662
13 years$110,815$96,971$84,640$73,708$64,059$42,572
14 years$101,841$88,144$76,049$65,430$56,154$35,933
15 years$94,071$80,521$68,662$58,352$49,442$30,441
16 years$87,278$73,876$62,253$52,248$43,697$25,867
17 years$81,291$68,037$56,647$46,944$38,745$22,036
18 years$75,975$62,870$51,712$42,306$34,450$18,812
19 years$71,225$58,267$47,339$38,227$30,706$16,089
20 years$66,954$54,144$43,446$34,622$27,427$13,781
21 years$63,095$50,433$39,962$31,422$24,544$11,819
22 years$59,592$47,078$36,831$28,570$22,001$10,148
23 years$56,398$44,031$34,007$26,019$19,749$8,721
24 years$53,475$41,254$31,451$23,731$17,751$7,501
25 years$50,790$38,715$29,130$21,672$15,973$6,455
26 years$48,315$36,386$27,016$19,816$14,388$5,559
27 years$46,027$34,243$25,087$18,138$12,972$4,790
28 years$43,907$32,267$23,322$16,618$11,705$4,129
29 years$41,936$30,440$21,703$15,239$10,569$3,560
30 years$40,101$28,748$20,215$13,986$9,550$3,071
31 years$38,387$27,176$18,846$12,845$8,634$2,650
32 years$36,783$25,714$17,584$11,805$7,810$2,287
33 years$35,280$24,352$16,418$10,856$7,068$1,974
34 years$33,868$23,080$15,340$9,988$6,399$1,704
35 years$32,540$21,891$14,342$9,195$5,796$1,471
36 years$31,288$20,778$13,416$8,468$5,252$1,271
37 years$30,107$19,734$12,558$7,802$4,760$1,098
38 years$28,991$18,754$11,760$7,191$4,315$948
39 years$27,934$17,834$11,017$6,631$3,913$819
40 years$26,933$16,967$10,327$6,116$3,549$707
41 years$25,983$16,151$9,683$5,643$3,220$611
42 years$25,081$15,382$9,083$5,208$2,922$528
43 years$24,223$14,656$8,523$4,807$2,652$456
44 years$23,406$13,970$8,001$4,439$2,407$394
45 years$22,628$13,322$7,512$4,099$2,185$341
46 years$21,886$12,708$7,056$3,787$1,984$294
47 years$21,178$12,128$6,629$3,498$1,802$254
48 years$20,501$11,577$6,229$3,233$1,636$220
49 years$19,854$11,056$5,855$2,987$1,486$190
50 years$19,234$10,561$5,505$2,761$1,350$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,700,000, adding $3,458 every year, while hoping to spend $24,028 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: 56/29/15 Blend
60$19,700,000$19,700,000$19,700,000$19,700,000
61$21,712,967$20,668,867$20,363,517$22,843,764
62$23,902,124$21,656,076$21,020,129$24,599,071
63$26,313,770$22,690,853$21,697,933$26,507,273
64$28,970,573$23,775,503$22,397,612$28,585,332
65$31,897,513$24,912,444$23,119,873$30,849,508
66$35,122,116$26,104,211$23,865,447$33,317,673
67$38,674,718$27,353,464$24,635,085$36,009,473
68$42,588,745$28,662,989$25,429,566$38,946,504
69$46,901,033$30,035,711$26,249,692$42,152,513
70$51,652,173$31,474,696$27,096,292$45,653,611
71$56,886,898$32,983,159$27,970,221$49,478,513
72$62,654,500$34,564,472$28,872,361$53,658,803
73$69,009,299$36,222,171$29,803,626$58,229,218
74$76,011,155$37,959,965$30,764,954$63,227,974
75$83,726,032$39,781,743$31,757,319$68,697,112
76$92,226,621$41,691,582$32,781,723$74,682,888
77$101,593,027$43,693,760$33,839,202$81,236,198
78$111,913,524$45,792,762$34,930,823$88,413,047
79$123,285,388$47,993,293$36,057,691$96,275,070
80$135,815,819$50,300,286$37,220,945$104,890,097
81$149,622,947$52,718,914$38,421,761$114,332,786
82$164,836,949$55,254,602$39,661,352$124,685,311
83$181,601,282$57,913,042$40,940,971$136,038,128
84$200,074,033$60,700,201$42,261,914$148,490,811
85$220,429,411$63,622,338$43,625,515$162,152,979
86$242,859,395$66,686,016$45,033,153$177,145,316
87$267,575,541$69,898,119$46,486,251$193,600,694
88$294,810,985$73,265,866$47,986,280$211,665,409
89$324,822,641$76,796,829$49,534,756$231,500,547
90$357,893,626$80,498,949$51,133,246$253,283,483
91$394,335,932$84,380,553$52,783,365$277,209,538
92$434,493,373$88,450,377$54,486,785$303,493,803
93$478,744,832$92,717,580$56,245,226$332,373,147
94$527,507,833$97,191,769$58,060,470$364,108,433
95$581,242,487$101,883,021$59,934,351$398,986,953
96$640,455,836$106,801,904$61,868,766$437,325,121
97$705,706,634$111,959,500$63,865,673$479,471,433
98$777,610,629$117,367,434$65,927,091$525,809,728
99$856,846,372$123,037,897$68,055,108$576,762,785
100$944,161,624$128,983,676$70,251,876$632,796,286