Can I retire at age 61 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$999,207$990,306$981,623$973,147$964,871$940,020
2 years$494,657$485,444$476,516$467,859$459,462$434,591
3 years$326,495$317,243$308,337$299,762$291,502$267,388
4 years$242,431$233,207$224,391$215,962$207,902$184,730
5 years$192,006$182,837$174,136$165,879$158,043$135,879
6 years$158,400$149,300$140,728$132,655$125,054$103,919
7 years$134,405$125,382$116,946$109,063$101,703$81,598
8 years$116,417$107,476$99,179$91,490$84,372$65,289
9 years$102,434$93,577$85,423$77,929$71,054$52,974
10 years$91,254$82,484$74,474$67,176$60,541$43,445
11 years$82,113$73,430$65,565$58,463$52,067$35,928
12 years$74,500$65,907$58,188$51,280$45,121$29,910
13 years$68,064$59,561$51,987$45,273$39,346$25,033
14 years$62,552$54,139$46,710$40,188$34,490$21,042
15 years$57,780$49,457$42,173$35,841$30,368$17,752
16 years$53,608$45,376$38,236$32,091$26,839$15,020
17 years$49,930$41,789$34,793$28,834$23,798$12,740
18 years$46,665$38,615$31,762$25,985$21,160$10,828
19 years$43,747$35,788$29,077$23,480$18,860$9,219
20 years$41,124$33,256$26,685$21,265$16,846$7,861
21 years$38,754$30,977$24,545$19,300$15,076$6,711
22 years$36,602$28,916$22,622$17,548$13,513$5,735
23 years$34,641$27,044$20,887$15,981$12,130$4,905
24 years$32,845$25,339$19,317$14,576$10,903$4,199
25 years$31,196$23,779$17,892$13,311$9,811$3,597
26 years$29,676$22,349$16,594$12,171$8,837$3,082
27 years$28,271$21,033$15,409$11,141$7,968$2,643
28 years$26,968$19,819$14,324$10,207$7,189$2,267
29 years$25,758$18,697$13,330$9,360$6,492$1,945
30 years$24,630$17,657$12,416$8,590$5,866$1,670
31 years$23,578$16,692$11,576$7,890$5,303$1,434
32 years$22,593$15,794$10,800$7,251$4,797$1,231
33 years$21,669$14,957$10,084$6,668$4,341$1,057
34 years$20,802$14,176$9,422$6,135$3,931$908
35 years$19,986$13,446$8,809$5,647$3,560$780
36 years$19,218$12,762$8,241$5,201$3,226$670
37 years$18,492$12,121$7,713$4,792$2,924$576
38 years$17,806$11,519$7,223$4,417$2,650$495
39 years$17,158$10,954$6,767$4,073$2,403$426
40 years$16,543$10,421$6,343$3,757$2,180$366
41 years$15,959$9,920$5,948$3,466$1,978$314
42 years$15,405$9,448$5,579$3,199$1,795$270
43 years$14,878$9,002$5,235$2,953$1,629$232
44 years$14,377$8,581$4,914$2,726$1,478$200
45 years$13,899$8,182$4,614$2,518$1,342$172
46 years$13,443$7,806$4,334$2,326$1,219$148
47 years$13,008$7,449$4,071$2,149$1,107$127
48 years$12,592$7,111$3,826$1,985$1,005$109
49 years$12,194$6,791$3,596$1,835$913$94
50 years$11,814$6,487$3,381$1,696$829$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,100,000, adding $4,224 every year, while hoping to spend $52,644 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: 48/35/17 Blend
60$12,100,000$12,100,000$12,100,000$12,100,000
61$13,338,557$12,697,257$12,509,707$13,914,941
62$14,643,077$13,263,410$12,872,769$14,880,966
63$16,078,894$13,855,540$13,246,230$15,923,598
64$17,659,344$14,474,864$13,630,382$17,054,602
65$19,399,122$15,122,658$14,025,525$18,282,272
66$21,314,422$15,800,257$14,431,969$19,615,719
67$23,423,084$16,509,061$14,850,031$21,064,949
68$25,744,770$17,250,537$15,280,039$22,640,959
69$28,301,143$18,026,219$15,722,326$24,355,830
70$31,116,073$18,837,717$16,177,238$26,222,840
71$34,215,865$19,686,718$16,645,128$28,256,585
72$37,629,503$20,574,987$17,126,359$30,473,109
73$41,388,927$21,504,375$17,621,307$32,890,051
74$45,529,329$22,476,822$18,130,353$35,526,807
75$50,089,493$23,494,359$18,653,892$38,404,707
76$55,112,153$24,559,114$19,192,329$41,547,208
77$60,644,401$25,673,319$19,746,080$44,980,113
78$66,738,128$26,839,310$20,315,572$48,731,804
79$73,450,518$28,059,536$20,901,244$52,833,503
80$80,844,582$29,336,565$21,503,547$57,319,564
81$88,989,757$30,673,084$22,122,943$62,227,785
82$97,962,559$32,071,912$22,759,909$67,599,759
83$107,847,306$33,536,002$23,414,932$73,481,255
84$118,736,913$35,068,448$24,088,514$79,922,647
85$130,733,770$36,672,493$24,781,170$86,979,376
86$143,950,705$38,351,536$25,493,430$94,712,466
87$158,512,053$40,109,137$26,225,836$103,189,087
88$174,554,827$41,949,030$26,978,947$112,483,182
89$192,230,013$43,875,126$27,753,335$122,676,154
90$211,703,991$45,891,524$28,549,589$133,857,621
91$233,160,111$48,002,521$29,368,312$146,126,250
92$256,800,417$50,212,620$30,210,126$159,590,678
93$282,847,561$52,526,540$31,075,667$174,370,524
94$311,546,899$54,949,227$31,965,588$190,597,501
95$343,168,810$57,485,865$32,880,562$208,416,652
96$378,011,245$60,141,889$33,821,277$227,987,697
97$416,402,544$62,922,994$34,788,442$249,486,531
98$458,704,531$65,835,148$35,782,783$273,106,863
99$505,315,932$68,884,610$36,805,045$299,062,033
100$556,676,137$72,077,936$37,855,994$327,587,002