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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$1,007,465$998,491$989,735$981,190$972,845$959,893
2 years$498,745$489,456$480,454$471,726$463,260$450,231
3 years$329,194$319,865$310,886$302,239$293,911$281,211
4 years$244,435$235,135$226,245$217,746$209,620$197,347
5 years$193,593$184,348$175,575$167,250$159,350$147,539
6 years$159,709$150,534$141,891$133,751$126,088$114,753
7 years$135,516$126,419$117,912$109,964$102,543$91,689
8 years$117,379$108,364$99,999$92,246$85,069$74,695
9 years$103,281$94,350$86,129$78,573$71,641$61,740
10 years$92,008$83,165$75,089$67,731$61,042$51,609
11 years$82,791$74,037$66,107$58,946$52,498$43,523
12 years$75,116$66,452$58,669$51,704$45,493$36,968
13 years$68,627$60,053$52,416$45,647$39,671$31,582
14 years$63,069$54,586$47,096$40,520$34,776$27,112
15 years$58,257$49,866$42,522$36,137$30,619$23,367
16 years$54,051$45,751$38,552$32,357$27,061$20,208
17 years$50,343$42,135$35,081$29,072$23,994$17,526
18 years$47,051$38,934$32,024$26,200$21,335$15,236
19 years$44,109$36,084$29,317$23,674$19,016$13,273
20 years$41,464$33,531$26,906$21,441$16,986$11,584
21 years$39,074$31,233$24,748$19,459$15,200$10,125
22 years$36,905$29,155$22,809$17,693$13,625$8,862
23 years$34,927$27,268$21,060$16,113$12,230$7,765
24 years$33,116$25,548$19,477$14,696$10,993$6,811
25 years$31,453$23,976$18,040$13,421$9,892$5,979
26 years$29,921$22,533$16,731$12,272$8,910$5,253
27 years$28,504$21,206$15,536$11,233$8,033$4,618
28 years$27,191$19,983$14,443$10,292$7,249$4,063
29 years$25,971$18,851$13,440$9,438$6,545$3,575
30 years$24,834$17,803$12,519$8,661$5,914$3,148
31 years$23,772$16,830$11,671$7,955$5,347$2,773
32 years$22,779$15,925$10,889$7,311$4,837$2,443
33 years$21,848$15,081$10,167$6,723$4,377$2,154
34 years$20,974$14,293$9,500$6,186$3,963$1,899
35 years$20,152$13,557$8,882$5,694$3,590$1,674
36 years$19,376$12,867$8,309$5,244$3,252$1,477
37 years$18,645$12,221$7,777$4,832$2,948$1,303
38 years$17,954$11,614$7,283$4,454$2,672$1,150
39 years$17,299$11,044$6,823$4,106$2,423$1,014
40 years$16,679$10,508$6,395$3,788$2,198$895
41 years$16,091$10,002$5,997$3,495$1,994$790
42 years$15,532$9,526$5,625$3,225$1,809$698
43 years$15,001$9,076$5,278$2,977$1,642$616
44 years$14,495$8,651$4,955$2,749$1,491$544
45 years$14,013$8,250$4,652$2,539$1,353$480
46 years$13,554$7,870$4,370$2,345$1,229$424
47 years$13,115$7,511$4,105$2,166$1,116$374
48 years$12,696$7,170$3,858$2,002$1,013$331
49 years$12,295$6,847$3,626$1,850$920$292
50 years$11,911$6,540$3,409$1,710$836$258

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 $2,929 every year, while hoping to spend $38,755 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: 59/29/12 Blend
60$12,200,000$12,200,000$12,200,000$12,200,000
61$13,447,421$12,800,821$12,611,721$14,201,251
62$14,777,823$13,386,826$12,992,979$15,295,274
63$16,242,627$14,000,247$13,385,710$16,483,077
64$17,855,501$14,642,385$13,790,257$17,777,358
65$19,631,507$15,314,607$14,206,975$19,188,367
66$21,587,239$16,018,341$14,636,228$20,727,376
67$23,740,986$16,755,088$15,078,389$22,406,777
68$26,112,898$17,526,419$15,533,847$24,240,198
69$28,725,180$18,333,980$16,002,998$26,242,627
70$31,602,302$19,179,498$16,486,251$28,430,548
71$34,771,225$20,064,782$16,984,029$30,822,096
72$38,261,661$20,991,727$17,496,765$33,437,218
73$42,106,351$21,962,322$18,024,907$36,297,862
74$46,341,371$22,978,649$18,568,914$39,428,175
75$51,006,480$24,042,891$19,129,261$42,854,731
76$56,145,485$25,157,337$19,706,436$46,606,769
77$61,806,664$26,324,386$20,300,941$50,716,470
78$68,043,215$27,546,552$20,913,294$55,219,251
79$74,913,761$28,826,471$21,544,027$60,154,098
80$82,482,901$30,166,905$22,193,689$65,563,919
81$90,821,824$31,570,751$22,862,844$71,495,950
82$100,008,976$33,041,043$23,552,075$78,002,192
83$110,130,801$34,580,964$24,261,980$85,139,892
84$121,282,562$36,193,850$24,993,175$92,972,078
85$133,569,233$37,883,198$25,746,295$101,568,145
86$147,106,493$39,652,673$26,521,995$111,004,503
87$162,021,819$41,506,118$27,320,946$121,365,287
88$178,455,688$43,447,562$28,143,841$132,743,143
89$196,562,903$45,481,227$28,991,394$145,240,095
90$216,514,053$47,611,541$29,864,340$158,968,494
91$238,497,125$49,843,145$30,763,433$174,052,072
92$262,719,277$52,180,904$31,689,454$190,627,096
93$289,408,795$54,629,920$32,643,202$208,843,645
94$318,817,247$57,195,541$33,625,504$228,867,011
95$351,221,856$59,883,373$34,637,209$250,879,252
96$386,928,121$62,699,294$35,679,192$275,080,893
97$426,272,697$65,649,467$36,752,352$301,692,807
98$469,626,574$68,740,352$37,857,617$330,958,285
99$517,398,579$71,978,724$38,995,942$363,145,318
100$570,039,236$75,371,684$40,168,308$398,549,111