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%14.2%
1 years$1,007,465$998,491$989,735$981,190$972,845$955,942
2 years$498,745$489,456$480,454$471,726$463,260$446,285
3 years$329,194$319,865$310,886$302,239$293,911$277,393
4 years$244,435$235,135$226,245$217,746$209,620$193,686
5 years$193,593$184,348$175,575$167,250$159,350$144,046
6 years$159,709$150,534$141,891$133,751$126,088$111,432
7 years$135,516$126,419$117,912$109,964$102,543$88,539
8 years$117,379$108,364$99,999$92,246$85,069$71,713
9 years$103,281$94,350$86,129$78,573$71,641$58,925
10 years$92,008$83,165$75,089$67,731$61,042$48,956
11 years$82,791$74,037$66,107$58,946$52,498$41,029
12 years$75,116$66,452$58,669$51,704$45,493$34,626
13 years$68,627$60,053$52,416$45,647$39,671$29,388
14 years$63,069$54,586$47,096$40,520$34,776$25,059
15 years$58,257$49,866$42,522$36,137$30,619$21,451
16 years$54,051$45,751$38,552$32,357$27,061$18,422
17 years$50,343$42,135$35,081$29,072$23,994$15,863
18 years$47,051$38,934$32,024$26,200$21,335$13,692
19 years$44,109$36,084$29,317$23,674$19,016$11,841
20 years$41,464$33,531$26,906$21,441$16,986$10,257
21 years$39,074$31,233$24,748$19,459$15,200$8,898
22 years$36,905$29,155$22,809$17,693$13,625$7,729
23 years$34,927$27,268$21,060$16,113$12,230$6,720
24 years$33,116$25,548$19,477$14,696$10,993$5,849
25 years$31,453$23,976$18,040$13,421$9,892$5,094
26 years$29,921$22,533$16,731$12,272$8,910$4,440
27 years$28,504$21,206$15,536$11,233$8,033$3,872
28 years$27,191$19,983$14,443$10,292$7,249$3,379
29 years$25,971$18,851$13,440$9,438$6,545$2,949
30 years$24,834$17,803$12,519$8,661$5,914$2,576
31 years$23,772$16,830$11,671$7,955$5,347$2,250
32 years$22,779$15,925$10,889$7,311$4,837$1,966
33 years$21,848$15,081$10,167$6,723$4,377$1,719
34 years$20,974$14,293$9,500$6,186$3,963$1,503
35 years$20,152$13,557$8,882$5,694$3,590$1,314
36 years$19,376$12,867$8,309$5,244$3,252$1,149
37 years$18,645$12,221$7,777$4,832$2,948$1,005
38 years$17,954$11,614$7,283$4,454$2,672$879
39 years$17,299$11,044$6,823$4,106$2,423$769
40 years$16,679$10,508$6,395$3,788$2,198$673
41 years$16,091$10,002$5,997$3,495$1,994$589
42 years$15,532$9,526$5,625$3,225$1,809$516
43 years$15,001$9,076$5,278$2,977$1,642$451
44 years$14,495$8,651$4,955$2,749$1,491$395
45 years$14,013$8,250$4,652$2,539$1,353$346
46 years$13,554$7,870$4,370$2,345$1,229$303
47 years$13,115$7,511$4,105$2,166$1,116$265
48 years$12,696$7,170$3,858$2,002$1,013$232
49 years$12,295$6,847$3,626$1,850$920$203
50 years$11,911$6,540$3,409$1,710$836$178

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 $2,655 every year, while hoping to spend $48,046 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: 75/19/6 Blend
60$12,200,000$12,200,000$12,200,000$12,200,000
61$13,447,139$12,800,539$12,611,439$14,447,130
62$14,767,626$13,376,644$12,982,801$15,681,095
63$16,221,193$13,979,369$13,364,994$17,026,438
64$17,821,363$14,609,966$13,758,330$18,499,200
65$19,583,037$15,269,749$14,163,128$20,111,976
66$21,522,634$15,960,095$14,579,721$21,878,634
67$23,658,247$16,682,444$15,008,446$23,814,435
68$26,009,812$17,438,308$15,449,653$25,936,180
69$28,599,298$18,229,269$15,903,701$28,262,362
70$31,450,910$19,056,987$16,370,958$30,813,342
71$34,591,322$19,923,199$16,851,805$33,611,536
72$38,049,928$20,829,727$17,346,632$36,681,625
73$41,859,116$21,778,479$17,855,839$40,050,784
74$46,054,577$22,771,455$18,379,840$43,748,934
75$50,675,637$23,810,750$18,919,059$47,809,024
76$55,765,636$24,898,561$19,473,931$52,267,340
77$61,372,330$26,037,188$20,044,906$57,163,836
78$67,548,341$27,229,045$20,632,445$62,542,517
79$74,351,661$28,476,657$21,237,021$68,451,844
80$81,846,191$29,782,674$21,859,122$74,945,192
81$90,102,349$31,149,872$22,499,249$82,081,344
82$99,197,733$32,581,159$23,157,917$89,925,047
83$109,217,851$34,079,585$23,835,657$98,547,616
84$120,256,933$35,648,346$24,533,013$108,027,601
85$132,418,815$37,290,790$25,250,544$118,451,526
86$145,817,923$39,010,428$25,988,826$129,914,699
87$160,580,351$40,810,938$26,748,451$142,522,107
88$176,845,049$42,696,176$27,530,026$156,389,400
89$194,765,140$44,670,185$28,334,178$171,643,977
90$214,509,360$46,737,200$29,161,549$188,426,183
91$236,263,652$48,901,660$30,012,799$206,890,628
92$260,232,925$51,168,222$30,888,607$227,207,636
93$286,642,980$53,541,761$31,789,672$249,564,851
94$315,742,649$56,027,393$32,716,711$274,168,994
95$347,806,140$58,630,476$33,670,462$301,247,813
96$383,135,626$61,356,629$34,651,682$331,052,222
97$422,064,097$64,211,741$35,661,151$363,858,659
98$464,958,504$67,201,985$36,699,669$399,971,689
99$512,223,223$70,333,834$37,768,059$439,726,871
100$564,303,870$73,614,070$38,867,167$483,493,911