Can I retire at age 61 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,529,564
2 years$809,438$794,363$779,753$765,588$751,848$702,602
3 years$534,265$519,125$504,552$490,519$477,003$429,372
4 years$396,706$381,612$367,185$353,392$340,203$294,551
5 years$314,192$299,188$284,950$271,439$258,617$215,068
6 years$259,200$244,310$230,282$217,072$204,634$163,226
7 years$219,936$205,171$191,366$178,467$166,423$127,152
8 years$190,501$175,869$162,293$149,711$138,064$100,904
9 years$167,619$153,126$139,783$127,521$116,270$81,179
10 years$149,325$134,973$121,866$109,924$99,067$65,996
11 years$134,366$120,159$107,289$95,667$85,201$54,088
12 years$121,910$107,848$95,216$83,913$73,834$44,614
13 years$111,378$97,463$85,069$74,082$64,384$36,988
14 years$102,358$88,591$76,435$65,762$56,439$30,793
15 years$94,548$80,930$69,011$58,648$49,693$25,722
16 years$87,721$74,251$62,569$52,513$43,919$21,546
17 years$81,704$68,383$56,935$47,183$38,942$18,090
18 years$76,361$63,189$51,974$42,521$34,625$15,216
19 years$71,586$58,563$47,580$38,421$30,862$12,820
20 years$67,294$54,419$43,666$34,798$27,567$10,815
21 years$63,416$50,689$40,165$31,581$24,669$9,134
22 years$59,895$47,317$37,018$28,715$22,112$7,721
23 years$56,685$44,254$34,179$26,151$19,849$6,532
24 years$53,746$41,463$31,610$23,851$17,841$5,530
25 years$51,047$38,911$29,277$21,782$16,054$4,684
26 years$48,560$36,570$27,153$19,917$14,461$3,969
27 years$46,261$34,417$25,214$18,230$13,038$3,365
28 years$44,130$32,431$23,440$16,703$11,764$2,853
29 years$42,149$30,595$21,813$15,317$10,623$2,420
30 years$40,304$28,894$20,318$14,057$9,598$2,054
31 years$38,582$27,314$18,942$12,910$8,678$1,743
32 years$36,970$25,845$17,673$11,865$7,850$1,479
33 years$35,459$24,475$16,501$10,911$7,104$1,256
34 years$34,040$23,197$15,418$10,039$6,432$1,066
35 years$32,705$22,002$14,415$9,241$5,826$905
36 years$31,447$20,883$13,485$8,511$5,278$769
37 years$30,260$19,834$12,621$7,842$4,784$653
38 years$29,138$18,850$11,819$7,228$4,337$555
39 years$28,076$17,924$11,073$6,664$3,933$471
40 years$27,070$17,053$10,379$6,147$3,567$400
41 years$26,115$16,233$9,732$5,671$3,236$340
42 years$25,208$15,460$9,129$5,234$2,937$289
43 years$24,346$14,730$8,567$4,832$2,665$245
44 years$23,525$14,041$8,041$4,461$2,419$208
45 years$22,743$13,389$7,550$4,120$2,196$177
46 years$21,997$12,773$7,092$3,806$1,994$150
47 years$21,285$12,189$6,662$3,516$1,811$128
48 years$20,605$11,636$6,261$3,249$1,644$109
49 years$19,954$11,112$5,885$3,003$1,493$92
50 years$19,332$10,615$5,533$2,775$1,357$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,800,000, adding $6,747 every year, while hoping to spend $54,115 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: 57/30/13 Blend
60$19,800,000$19,800,000$19,800,000$19,800,000
61$21,826,560$20,777,160$20,470,260$22,998,452
62$23,995,291$21,737,662$21,098,435$24,752,369
63$26,383,419$22,743,416$21,745,841$26,656,081
64$29,013,265$23,796,581$22,413,064$28,729,213
65$31,909,426$24,899,421$23,100,710$30,988,009
66$35,099,004$26,054,310$23,809,401$33,450,324
67$38,611,867$27,263,735$24,539,780$36,135,788
68$42,480,923$28,530,304$25,292,508$39,065,983
69$46,742,439$29,856,751$26,068,269$42,264,639
70$51,436,375$31,245,939$26,867,764$45,757,857
71$56,606,769$32,700,874$27,691,717$49,574,337
72$62,302,145$34,224,702$28,540,875$53,745,653
73$68,575,976$35,820,725$29,416,007$58,306,536
74$75,487,187$37,492,402$30,317,905$63,295,192
75$83,100,710$39,243,360$31,247,385$68,753,660
76$91,488,099$41,077,400$32,205,288$74,728,195
77$100,728,200$42,998,509$33,192,481$81,269,696
78$110,907,905$45,010,863$34,209,856$88,434,176
79$122,122,960$47,118,844$35,258,335$96,283,280
80$134,478,877$49,327,043$36,338,865$104,884,858
81$148,091,929$51,640,275$37,452,424$114,313,591
82$163,090,242$54,063,585$38,600,016$124,651,685
83$179,615,011$56,602,265$39,782,681$135,989,633
84$197,821,828$59,261,861$41,001,486$148,427,059
85$217,882,151$62,048,189$42,257,533$162,073,641
86$239,984,927$64,967,347$43,551,956$177,050,135
87$264,338,367$68,025,724$44,885,925$193,489,497
88$291,171,920$71,230,025$46,260,643$211,538,122
89$320,738,433$74,587,273$47,677,352$231,357,214
90$353,316,541$78,104,837$49,137,330$253,124,282
91$389,213,293$81,790,439$50,641,896$277,034,807
92$428,767,055$85,652,177$52,192,406$303,304,059
93$472,350,703$89,698,541$53,790,260$332,169,117
94$520,375,139$93,938,434$55,436,898$363,891,080
95$573,293,174$98,381,188$57,133,805$398,757,516
96$631,603,802$103,036,591$58,882,511$437,085,145
97$695,856,907$107,914,901$60,684,593$479,222,816
98$766,658,459$113,026,879$62,541,674$525,554,765
99$844,676,230$118,383,804$64,455,429$576,504,222
100$930,646,100$123,997,505$66,427,580$632,537,377