Can I retire at age 61 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,556,906
2 years$817,615$802,387$787,630$773,321$759,442$721,458
3 years$539,662$524,369$509,648$495,474$481,821$444,962
4 years$400,713$385,467$370,894$356,961$343,639$308,188
5 years$317,365$302,211$287,829$274,180$261,229$227,286
6 years$261,818$246,778$232,608$219,264$206,701$174,301
7 years$222,157$207,243$193,299$180,269$168,104$137,250
8 years$192,425$177,646$163,933$151,223$139,458$110,139
9 years$169,313$154,673$141,195$128,809$117,444$89,635
10 years$150,833$136,336$123,097$111,034$100,068$73,739
11 years$135,724$121,372$108,373$96,633$86,062$61,176
12 years$123,141$108,937$96,178$84,760$74,579$51,095
13 years$112,503$98,447$85,929$74,831$65,035$42,908
14 years$103,392$89,486$77,207$66,426$57,009$36,192
15 years$95,503$81,747$69,708$59,241$50,195$30,639
16 years$88,608$75,001$63,201$53,044$44,363$26,016
17 years$82,529$69,073$57,510$47,659$39,335$22,147
18 years$77,132$63,827$52,499$42,951$34,975$18,893
19 years$72,309$59,154$48,060$38,809$31,174$16,146
20 years$67,974$54,969$44,107$35,149$27,845$13,819
21 years$64,056$51,201$40,570$31,900$24,918$11,843
22 years$60,500$47,795$37,392$29,005$22,336$10,160
23 years$57,257$44,701$34,525$26,415$20,050$8,725
24 years$54,289$41,882$31,930$24,092$18,021$7,498
25 years$51,563$39,304$29,573$22,002$16,216$6,448
26 years$49,051$36,940$27,428$20,118$14,607$5,549
27 years$46,728$34,765$25,469$18,414$13,170$4,777
28 years$44,576$32,759$23,677$16,871$11,883$4,114
29 years$42,575$30,904$22,033$15,471$10,730$3,545
30 years$40,711$29,186$20,523$14,199$9,695$3,055
31 years$38,971$27,590$19,133$13,041$8,766$2,634
32 years$37,343$26,106$17,851$11,985$7,929$2,271
33 years$35,817$24,723$16,668$11,021$7,176$1,959
34 years$34,384$23,431$15,574$10,140$6,497$1,690
35 years$33,035$22,224$14,560$9,335$5,884$1,458
36 years$31,765$21,094$13,621$8,597$5,332$1,258
37 years$30,565$20,035$12,749$7,921$4,832$1,085
38 years$29,432$19,040$11,939$7,301$4,381$937
39 years$28,360$18,105$11,185$6,732$3,973$809
40 years$27,343$17,226$10,484$6,209$3,603$698
41 years$26,379$16,397$9,831$5,729$3,269$602
42 years$25,463$15,616$9,221$5,287$2,966$520
43 years$24,592$14,879$8,653$4,880$2,692$449
44 years$23,763$14,183$8,122$4,506$2,444$388
45 years$22,973$13,525$7,627$4,162$2,218$335
46 years$22,219$12,902$7,163$3,844$2,014$289
47 years$21,500$12,312$6,730$3,552$1,829$249
48 years$20,813$11,754$6,324$3,282$1,661$215
49 years$20,156$11,224$5,944$3,033$1,509$186
50 years$19,527$10,722$5,588$2,803$1,370$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $20,000,000, adding $2,264 every year, while hoping to spend $59,250 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: 57/38/5 Blend
60$20,000,000$20,000,000$20,000,000$20,000,000
61$22,042,335$20,982,335$20,672,335$23,277,711
62$24,227,612$21,947,428$21,301,817$25,072,732
63$26,633,801$22,957,825$21,950,401$27,020,591
64$29,283,373$24,015,683$22,618,663$29,141,270
65$32,201,089$25,123,262$23,307,200$31,451,253
66$35,414,231$26,282,934$24,016,623$33,968,655
67$38,952,867$27,497,182$24,747,564$36,713,385
68$42,850,124$28,768,609$25,500,672$39,707,323
69$47,142,510$30,099,944$26,276,618$42,974,524
70$51,870,252$31,494,047$27,076,090$46,541,431
71$57,077,678$32,953,915$27,899,800$50,437,121
72$62,813,637$34,482,693$28,748,479$54,693,569
73$69,131,955$36,083,672$29,622,880$59,345,937
74$76,091,949$37,760,307$30,523,781$64,432,901
75$83,758,981$39,516,215$31,451,981$69,997,001
76$92,205,079$41,355,191$32,408,304$76,085,037
77$101,509,613$43,281,211$33,393,598$82,748,492
78$111,760,047$45,298,444$34,408,737$90,044,015
79$123,052,764$47,411,260$35,454,622$98,033,935
80$135,493,973$49,624,239$36,532,179$106,786,840
81$149,200,716$51,942,184$37,642,364$116,378,214
82$164,301,966$54,370,129$38,786,161$126,891,127
83$180,939,851$56,913,350$39,964,582$138,417,011
84$199,270,992$59,577,380$41,178,671$151,056,507
85$219,467,981$62,368,019$42,429,504$164,920,392
86$241,721,009$65,291,346$43,718,187$180,130,617
87$266,239,667$68,353,737$45,045,861$196,821,432
88$293,254,915$71,561,872$46,413,700$215,140,639
89$323,021,271$74,922,759$47,822,914$235,250,964
90$355,819,208$78,443,741$49,274,748$257,331,578
91$391,957,802$82,132,519$50,770,487$281,579,758
92$431,777,651$85,997,166$52,311,452$308,212,736
93$475,654,089$90,046,145$53,899,003$337,469,718
94$524,000,731$94,288,330$55,534,544$369,614,121
95$577,273,372$98,733,025$57,219,518$404,936,033
96$635,974,297$103,389,984$58,955,413$443,754,925
97$700,657,016$108,269,434$60,743,760$486,422,634
98$771,931,492$113,382,097$62,586,137$533,326,660
99$850,469,900$118,739,216$64,484,168$584,893,786
100$937,012,970$124,352,577$66,439,527$641,594,082