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%17.4%
1 years$990,949$982,122$973,510$965,105$956,897$928,125
2 years$490,569$481,432$472,578$463,993$455,665$426,920
3 years$323,797$314,621$305,789$297,285$289,093$261,276
4 years$240,428$231,280$222,536$214,177$206,183$179,508
5 years$190,419$181,326$172,697$164,508$156,737$131,276
6 years$157,091$148,067$139,565$131,559$124,021$99,796
7 years$133,294$124,346$115,979$108,162$100,862$77,873
8 years$115,455$106,588$98,360$90,734$83,675$61,907
9 years$101,588$92,804$84,717$77,285$70,466$49,897
10 years$90,500$81,802$73,858$66,621$60,041$40,640
11 years$81,434$72,823$65,024$57,980$51,637$33,372
12 years$73,885$65,362$57,707$50,856$44,748$27,581
13 years$67,502$59,068$51,557$44,898$39,021$22,914
14 years$62,035$53,692$46,324$39,856$34,205$19,116
15 years$57,302$49,048$41,825$35,544$30,117$16,002
16 years$53,165$45,001$37,920$31,826$26,618$13,433
17 years$49,518$41,444$34,506$28,595$23,601$11,303
18 years$46,279$38,296$31,499$25,770$20,985$9,529
19 years$43,385$35,493$28,836$23,286$18,704$8,046
20 years$40,784$32,981$26,464$21,090$16,707$6,803
21 years$38,434$30,721$24,342$19,140$14,951$5,759
22 years$36,300$28,677$22,435$17,403$13,401$4,880
23 years$34,354$26,821$20,715$15,849$12,030$4,138
24 years$32,574$25,129$19,158$14,455$10,813$3,511
25 years$30,938$23,583$17,744$13,201$9,730$2,981
26 years$29,430$22,164$16,457$12,071$8,764$2,532
27 years$28,037$20,859$15,281$11,049$7,902$2,152
28 years$26,745$19,655$14,206$10,123$7,130$1,830
29 years$25,545$18,542$13,220$9,283$6,438$1,556
30 years$24,427$17,511$12,314$8,519$5,817$1,323
31 years$23,383$16,554$11,480$7,824$5,259$1,126
32 years$22,406$15,663$10,711$7,191$4,757$958
33 years$21,490$14,834$10,001$6,613$4,305$815
34 years$20,630$14,059$9,344$6,084$3,898$694
35 years$19,821$13,335$8,736$5,601$3,531$591
36 years$19,059$12,656$8,172$5,158$3,199$503
37 years$18,339$12,021$7,649$4,753$2,899$428
38 years$17,659$11,424$7,163$4,381$2,629$365
39 years$17,016$10,863$6,711$4,039$2,384$310
40 years$16,406$10,335$6,290$3,725$2,162$264
41 years$15,827$9,838$5,898$3,437$1,961$225
42 years$15,278$9,370$5,533$3,172$1,780$192
43 years$14,755$8,927$5,192$2,928$1,615$163
44 years$14,258$8,510$4,873$2,704$1,466$139
45 years$13,784$8,115$4,576$2,497$1,331$118
46 years$13,332$7,741$4,298$2,307$1,209$101
47 years$12,900$7,387$4,038$2,131$1,097$86
48 years$12,488$7,052$3,794$1,969$997$73
49 years$12,094$6,735$3,567$1,820$905$62
50 years$11,716$6,433$3,353$1,682$822$53

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 $6,187 every year, while hoping to spend $27,287 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: 67/9/24 Blend
60$12,000,000$12,000,000$12,000,000$12,000,000
61$13,230,382$12,594,382$12,408,382$14,034,815
62$14,550,848$13,182,473$12,795,030$15,164,055
63$16,005,086$13,798,467$13,193,715$16,394,897
64$17,606,714$14,443,701$13,604,814$17,740,405
65$19,370,735$15,119,578$14,028,711$19,211,884
66$21,313,682$15,827,569$14,465,805$20,821,778
67$23,453,774$16,569,217$14,916,506$22,583,789
68$25,811,088$17,346,138$15,381,238$24,512,995
69$28,407,747$18,160,026$15,860,437$26,626,001
70$31,268,128$19,012,658$16,354,552$28,941,084
71$34,419,096$19,905,897$16,864,049$31,478,370
72$37,890,253$20,841,696$17,389,404$34,260,020
73$41,714,222$21,822,102$17,931,112$37,310,436
74$45,926,949$22,849,261$18,489,681$40,656,486
75$50,568,047$23,925,425$19,065,635$44,327,762
76$55,681,169$25,052,951$19,659,514$48,356,850
77$61,314,417$26,234,315$20,271,877$52,779,640
78$67,520,801$27,472,109$20,903,298$57,635,657
79$74,358,733$28,769,053$21,554,369$62,968,433
80$81,892,585$30,127,998$22,225,701$68,825,918
81$90,193,292$31,551,933$22,917,925$75,260,923
82$99,339,022$33,043,992$23,631,690$82,331,622
83$109,415,916$34,607,461$24,367,665$90,102,092
84$120,518,899$36,245,786$25,126,542$98,642,916
85$132,752,577$37,962,580$25,909,031$108,031,847
86$146,232,223$39,761,630$26,715,868$118,354,537
87$161,084,869$41,646,909$27,547,808$129,705,338
88$177,450,498$43,622,581$28,405,632$142,188,195
89$195,483,374$45,693,012$29,290,146$155,917,618
90$215,353,489$47,862,781$30,202,177$171,019,758
91$237,248,178$50,136,689$31,142,582$187,633,596
92$261,373,876$52,519,771$32,112,243$205,912,247
93$287,958,077$55,017,305$33,112,068$226,024,402
94$317,251,474$57,634,827$34,142,996$248,155,914
95$349,530,330$60,378,139$35,205,992$272,511,546
96$385,099,085$63,253,329$36,302,054$299,316,900
97$424,293,227$66,266,778$37,432,209$328,820,538
98$467,482,464$69,425,178$38,597,516$361,296,325
99$515,074,211$72,735,547$39,799,067$397,046,006
100$567,517,434$76,205,242$41,037,990$436,402,044