Can I retire at age 61 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,007,465$998,491$989,735$981,190$972,845$952,813
2 years$498,745$489,456$480,454$471,726$463,260$443,169
3 years$329,194$319,865$310,886$302,239$293,911$274,388
4 years$244,435$235,135$226,245$217,746$209,620$190,815
5 years$193,593$184,348$175,575$167,250$159,350$141,317
6 years$159,709$150,534$141,891$133,751$126,088$108,846
7 years$135,516$126,419$117,912$109,964$102,543$86,097
8 years$117,379$108,364$99,999$92,246$85,069$69,413
9 years$103,281$94,350$86,129$78,573$71,641$56,763
10 years$92,008$83,165$75,089$67,731$61,042$46,928
11 years$82,791$74,037$66,107$58,946$52,498$39,131
12 years$75,116$66,452$58,669$51,704$45,493$32,854
13 years$68,627$60,053$52,416$45,647$39,671$27,737
14 years$63,069$54,586$47,096$40,520$34,776$23,524
15 years$58,257$49,866$42,522$36,137$30,619$20,025
16 years$54,051$45,751$38,552$32,357$27,061$17,101
17 years$50,343$42,135$35,081$29,072$23,994$14,642
18 years$47,051$38,934$32,024$26,200$21,335$12,564
19 years$44,109$36,084$29,317$23,674$19,016$10,801
20 years$41,464$33,531$26,906$21,441$16,986$9,301
21 years$39,074$31,233$24,748$19,459$15,200$8,020
22 years$36,905$29,155$22,809$17,693$13,625$6,923
23 years$34,927$27,268$21,060$16,113$12,230$5,982
24 years$33,116$25,548$19,477$14,696$10,993$5,174
25 years$31,453$23,976$18,040$13,421$9,892$4,478
26 years$29,921$22,533$16,731$12,272$8,910$3,878
27 years$28,504$21,206$15,536$11,233$8,033$3,360
28 years$27,191$19,983$14,443$10,292$7,249$2,913
29 years$25,971$18,851$13,440$9,438$6,545$2,526
30 years$24,834$17,803$12,519$8,661$5,914$2,192
31 years$23,772$16,830$11,671$7,955$5,347$1,902
32 years$22,779$15,925$10,889$7,311$4,837$1,651
33 years$21,848$15,081$10,167$6,723$4,377$1,434
34 years$20,974$14,293$9,500$6,186$3,963$1,245
35 years$20,152$13,557$8,882$5,694$3,590$1,081
36 years$19,376$12,867$8,309$5,244$3,252$939
37 years$18,645$12,221$7,777$4,832$2,948$816
38 years$17,954$11,614$7,283$4,454$2,672$709
39 years$17,299$11,044$6,823$4,106$2,423$616
40 years$16,679$10,508$6,395$3,788$2,198$536
41 years$16,091$10,002$5,997$3,495$1,994$465
42 years$15,532$9,526$5,625$3,225$1,809$405
43 years$15,001$9,076$5,278$2,977$1,642$352
44 years$14,495$8,651$4,955$2,749$1,491$306
45 years$14,013$8,250$4,652$2,539$1,353$266
46 years$13,554$7,870$4,370$2,345$1,229$231
47 years$13,115$7,511$4,105$2,166$1,116$201
48 years$12,696$7,170$3,858$2,002$1,013$175
49 years$12,295$6,847$3,626$1,850$920$152
50 years$11,911$6,540$3,409$1,710$836$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,200,000, adding $4,206 every year, while hoping to spend $57,402 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: 77/9/14 Blend
60$12,200,000$12,200,000$12,200,000$12,200,000
61$13,448,738$12,802,138$12,613,038$14,445,043
62$14,759,435$13,368,368$12,974,500$15,668,711
63$16,201,898$13,960,419$13,346,147$17,002,537
64$17,789,508$14,579,496$13,728,259$18,463,596
65$19,537,007$15,226,860$14,121,125$20,064,560
66$21,460,639$15,903,835$14,525,041$21,819,380
67$23,578,305$16,611,802$14,940,309$23,743,419
68$25,909,725$17,352,214$15,367,243$25,853,594
69$28,476,633$18,126,589$15,806,162$28,168,537
70$31,302,975$18,936,517$16,257,394$30,708,765
71$34,415,139$19,783,666$16,721,277$33,496,875
72$37,842,200$20,669,783$17,198,156$36,557,754
73$41,616,197$21,596,695$17,688,388$39,918,814
74$45,772,437$22,566,321$18,192,336$43,610,245
75$50,349,821$23,580,666$18,710,375$47,665,303
76$55,391,220$24,641,836$19,242,889$52,120,618
77$60,943,871$25,752,033$19,790,273$57,016,539
78$67,059,829$26,913,565$20,352,930$62,397,514
79$73,796,455$28,128,853$20,931,277$68,312,504
80$81,216,957$29,400,431$21,525,738$74,815,445
81$89,390,988$30,730,954$22,136,752$81,965,754
82$98,395,302$32,123,204$22,764,767$89,828,889
83$108,314,480$33,580,097$23,410,243$98,476,960
84$119,241,723$35,104,688$24,073,652$107,989,412
85$131,279,738$36,700,178$24,755,479$118,453,767
86$144,541,705$38,369,920$25,456,222$129,966,451
87$159,152,343$40,117,430$26,176,389$142,633,700
88$175,249,088$41,946,391$26,916,504$156,572,558
89$192,983,393$43,860,661$27,677,105$171,911,980
90$212,522,152$45,864,287$28,458,741$188,794,045
91$234,049,279$47,961,505$29,261,976$207,375,294
92$257,767,445$50,156,757$30,087,391$227,828,204
93$283,899,985$52,454,699$30,935,580$250,342,810
94$312,693,012$54,860,208$31,807,151$275,128,498
95$344,417,738$57,378,397$32,702,729$302,415,975
96$379,373,032$60,014,624$33,622,955$332,459,443
97$417,888,244$62,774,503$34,568,487$365,538,994
98$460,326,311$65,663,919$35,539,997$401,963,248
99$507,087,185$68,689,042$36,538,177$442,072,264
100$558,611,607$71,856,334$37,563,735$486,240,740