Can I retire at age 61 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,577,515
2 years$813,526$798,375$783,691$769,454$755,645$746,223
3 years$536,964$521,747$507,100$492,997$479,412$470,199
4 years$398,709$383,539$369,039$355,176$341,921$332,987
5 years$315,778$300,700$286,390$272,810$259,923$251,295
6 years$260,509$245,544$231,445$218,168$205,668$197,358
7 years$221,047$206,207$192,332$179,368$167,263$159,274
8 years$191,463$176,758$163,113$150,467$138,761$131,094
9 years$168,466$153,899$140,489$128,165$116,857$109,509
10 years$150,079$135,655$122,482$110,479$99,568$92,536
11 years$135,045$120,765$107,831$96,150$85,632$78,911
12 years$122,526$108,393$95,697$84,337$74,207$67,792
13 years$111,940$97,955$85,499$74,457$64,710$58,594
14 years$102,875$89,039$76,821$66,094$56,724$50,901
15 years$95,026$81,338$69,359$58,944$49,944$44,406
16 years$88,165$74,626$62,885$52,778$44,141$38,879
17 years$82,117$68,728$57,222$47,421$39,138$34,145
18 years$76,747$63,508$52,237$42,736$34,800$30,067
19 years$71,948$58,858$47,820$38,615$31,018$26,536
20 years$67,634$54,694$43,887$34,974$27,706$23,466
21 years$63,736$50,945$40,367$31,741$24,794$20,787
22 years$60,197$47,556$37,205$28,860$22,224$18,442
23 years$56,971$44,478$34,352$26,283$19,950$16,383
24 years$54,018$41,673$31,770$23,972$17,931$14,570
25 years$51,305$39,108$29,425$21,892$16,135$12,972
26 years$48,805$36,755$27,290$20,017$14,534$11,559
27 years$46,495$34,591$25,342$18,322$13,104$10,308
28 years$44,353$32,595$23,558$16,787$11,824$9,199
29 years$42,362$30,749$21,923$15,394$10,676$8,215
30 years$40,508$29,040$20,420$14,128$9,647$7,340
31 years$38,776$27,452$19,037$12,975$8,722$6,561
32 years$37,157$25,975$17,762$11,925$7,889$5,868
33 years$35,638$24,599$16,585$10,966$7,140$5,250
34 years$34,212$23,314$15,496$10,090$6,464$4,699
35 years$32,870$22,113$14,487$9,288$5,855$4,207
36 years$31,606$20,989$13,553$8,554$5,305$3,767
37 years$30,413$19,934$12,685$7,881$4,808$3,374
38 years$29,285$18,945$11,879$7,264$4,359$3,023
39 years$28,218$18,015$11,129$6,698$3,953$2,709
40 years$27,206$17,139$10,432$6,178$3,585$2,428
41 years$26,247$16,315$9,781$5,700$3,253$2,177
42 years$25,336$15,538$9,175$5,260$2,952$1,952
43 years$24,469$14,805$8,610$4,856$2,679$1,750
44 years$23,644$14,112$8,082$4,484$2,431$1,569
45 years$22,858$13,457$7,589$4,141$2,207$1,407
46 years$22,108$12,837$7,127$3,825$2,004$1,262
47 years$21,393$12,251$6,696$3,534$1,820$1,132
48 years$20,709$11,695$6,292$3,265$1,653$1,016
49 years$20,055$11,168$5,914$3,018$1,501$911
50 years$19,429$10,668$5,560$2,789$1,363$818

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $19,900,000, adding $4,248 every year, while hoping to spend $51,954 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: 58/13/29 Blend
60$19,900,000$19,900,000$19,900,000$19,900,000
61$21,934,182$20,879,482$20,571,032$23,031,904
62$24,116,190$21,847,298$21,204,883$24,753,001
63$26,519,021$22,860,795$21,858,226$26,622,953
64$29,165,145$23,922,158$22,531,661$28,660,961
65$32,079,321$25,033,675$23,225,803$30,883,348
66$35,288,832$26,197,746$23,941,287$33,308,068
67$38,823,742$27,416,884$24,678,769$35,954,878
68$42,717,179$28,693,727$25,438,924$38,845,513
69$47,005,650$30,031,038$26,222,446$42,003,892
70$51,729,381$31,431,713$27,030,052$45,456,336
71$56,932,700$32,898,790$27,862,482$49,231,815
72$62,664,457$34,435,452$28,720,496$53,362,212
73$68,978,478$36,045,036$29,604,880$57,882,623
74$75,934,080$37,731,040$30,516,441$62,831,679
75$83,596,628$39,497,132$31,456,012$68,251,908
76$92,038,149$41,347,157$32,424,454$74,190,131
77$101,338,017$43,285,144$33,422,650$80,697,895
78$111,583,699$45,315,321$34,451,513$87,831,955
79$122,871,581$47,442,116$35,511,983$95,654,802
80$135,307,876$49,670,173$36,605,029$104,235,249
81$149,009,630$52,004,363$37,731,648$113,649,069
82$164,105,825$54,449,789$38,892,871$123,979,708
83$180,738,593$57,011,803$40,089,756$135,319,058
84$199,064,564$59,696,015$41,323,397$147,768,324
85$219,256,339$62,508,310$42,594,920$161,438,965
86$241,504,122$65,454,853$43,905,486$176,453,741
87$266,017,512$68,542,111$45,256,290$192,947,862
88$293,027,488$71,776,864$46,648,566$211,070,251
89$322,788,581$75,166,220$48,083,582$230,984,947
90$355,581,283$78,717,631$49,562,649$252,872,638
91$391,714,691$82,438,912$51,087,114$276,932,355
92$431,529,426$86,338,255$52,658,369$303,383,346
93$475,400,849$90,424,251$54,277,846$332,467,125
94$523,742,603$94,705,907$55,947,021$364,449,750
95$577,010,518$99,192,666$57,667,416$399,624,311
96$635,706,915$103,894,430$59,440,599$438,313,694
97$700,385,346$108,821,583$61,268,184$480,873,607
98$771,655,821$113,985,011$63,151,838$527,695,928
99$850,190,567$119,396,128$65,093,277$579,212,388
100$936,730,371$125,066,904$67,094,268$635,898,633