Can I retire at age 61 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$990,949$982,122$973,510$965,105$956,897$925,155
2 years$490,569$481,432$472,578$463,993$455,665$423,994
3 years$323,797$314,621$305,789$297,285$289,093$258,487
4 years$240,428$231,280$222,536$214,177$206,183$176,876
5 years$190,419$181,326$172,697$164,508$156,737$128,807
6 years$157,091$148,067$139,565$131,559$124,021$97,491
7 years$133,294$124,346$115,979$108,162$100,862$75,728
8 years$115,455$106,588$98,360$90,734$83,675$59,918
9 years$101,588$92,804$84,717$77,285$70,466$48,059
10 years$90,500$81,802$73,858$66,621$60,041$38,947
11 years$81,434$72,823$65,024$57,980$51,637$31,817
12 years$73,885$65,362$57,707$50,856$44,748$26,157
13 years$67,502$59,068$51,557$44,898$39,021$21,613
14 years$62,035$53,692$46,324$39,856$34,205$17,930
15 years$57,302$49,048$41,825$35,544$30,117$14,925
16 years$53,165$45,001$37,920$31,826$26,618$12,457
17 years$49,518$41,444$34,506$28,595$23,601$10,420
18 years$46,279$38,296$31,499$25,770$20,985$8,732
19 years$43,385$35,493$28,836$23,286$18,704$7,329
20 years$40,784$32,981$26,464$21,090$16,707$6,159
21 years$38,434$30,721$24,342$19,140$14,951$5,182
22 years$36,300$28,677$22,435$17,403$13,401$4,363
23 years$34,354$26,821$20,715$15,849$12,030$3,677
24 years$32,574$25,129$19,158$14,455$10,813$3,100
25 years$30,938$23,583$17,744$13,201$9,730$2,615
26 years$29,430$22,164$16,457$12,071$8,764$2,207
27 years$28,037$20,859$15,281$11,049$7,902$1,864
28 years$26,745$19,655$14,206$10,123$7,130$1,574
29 years$25,545$18,542$13,220$9,283$6,438$1,330
30 years$24,427$17,511$12,314$8,519$5,817$1,124
31 years$23,383$16,554$11,480$7,824$5,259$950
32 years$22,406$15,663$10,711$7,191$4,757$803
33 years$21,490$14,834$10,001$6,613$4,305$679
34 years$20,630$14,059$9,344$6,084$3,898$574
35 years$19,821$13,335$8,736$5,601$3,531$485
36 years$19,059$12,656$8,172$5,158$3,199$410
37 years$18,339$12,021$7,649$4,753$2,899$347
38 years$17,659$11,424$7,163$4,381$2,629$293
39 years$17,016$10,863$6,711$4,039$2,384$248
40 years$16,406$10,335$6,290$3,725$2,162$210
41 years$15,827$9,838$5,898$3,437$1,961$178
42 years$15,278$9,370$5,533$3,172$1,780$150
43 years$14,755$8,927$5,192$2,928$1,615$127
44 years$14,258$8,510$4,873$2,704$1,466$107
45 years$13,784$8,115$4,576$2,497$1,331$91
46 years$13,332$7,741$4,298$2,307$1,209$77
47 years$12,900$7,387$4,038$2,131$1,097$65
48 years$12,488$7,052$3,794$1,969$997$55
49 years$12,094$6,735$3,567$1,820$905$47
50 years$11,716$6,433$3,353$1,682$822$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,000,000, adding $4,424 every year, while hoping to spend $57,593 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: 84/9/7 Blend
60$12,000,000$12,000,000$12,000,000$12,000,000
61$13,228,563$12,592,563$12,406,563$14,331,411
62$14,516,598$13,148,320$12,760,905$15,607,910
63$15,934,083$13,729,379$13,125,186$17,001,437
64$17,494,159$14,336,919$13,499,680$18,530,203
65$19,211,310$14,972,174$13,884,666$20,207,751
66$21,101,491$15,636,439$14,280,430$22,048,995
67$23,182,286$16,331,067$14,687,267$24,070,359
68$25,473,068$17,057,478$15,105,479$26,289,934
69$27,995,184$17,817,158$15,535,376$28,727,644
70$30,772,158$18,611,664$15,977,276$31,405,434
71$33,829,910$19,442,627$16,431,507$34,347,474
72$37,197,000$20,311,755$16,898,402$37,580,390
73$40,904,901$21,220,838$17,378,305$41,133,509
74$44,988,294$22,171,752$17,871,571$45,039,136
75$49,485,391$23,166,460$18,378,561$49,332,857
76$54,438,304$24,207,019$18,899,645$54,053,873
77$59,893,435$25,295,586$19,435,207$59,245,370
78$65,901,914$26,434,419$19,985,636$64,954,922
79$72,520,089$27,625,885$20,551,333$71,234,938
80$79,810,046$28,872,462$21,132,712$78,143,158
81$87,840,206$30,176,748$21,730,193$85,743,191
82$96,685,963$31,541,464$22,344,210$94,105,116
83$106,430,398$32,969,462$22,975,207$103,306,143
84$117,165,062$34,463,730$23,623,641$113,431,335
85$128,990,844$36,027,398$24,289,978$124,574,409
86$142,018,916$37,663,747$24,974,698$136,838,623
87$156,371,788$39,376,213$25,678,293$150,337,740
88$172,184,462$41,168,398$26,401,267$165,197,107
89$189,605,705$43,044,078$27,144,138$181,554,829
90$208,799,455$45,007,206$27,907,435$199,563,072
91$229,946,368$47,061,928$28,691,702$219,389,495
92$253,245,521$49,212,586$29,497,498$241,218,833
93$278,916,294$51,463,732$30,325,393$265,254,631
94$307,200,436$53,820,135$31,175,975$291,721,166
95$338,364,354$56,286,795$32,049,843$320,865,560
96$372,701,619$58,868,950$32,947,614$352,960,107
97$410,535,745$61,572,089$33,869,920$388,304,840
98$452,223,237$64,401,967$34,817,408$427,230,360
99$498,156,957$67,364,613$35,790,741$470,100,951
100$548,769,835$70,466,348$36,790,600$517,318,012