Can I retire at age 61 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$957,108
2 years$502,833$493,468$484,392$475,592$467,057$443,311
3 years$331,892$322,487$313,434$304,717$296,320$273,281
4 years$246,438$237,062$228,100$219,531$211,338$189,184
5 years$195,180$185,859$177,015$168,621$160,656$139,448
6 years$161,018$151,768$143,054$134,848$127,121$106,882
7 years$136,627$127,455$118,879$110,866$103,384$84,114
8 years$118,342$109,252$100,818$93,002$85,767$67,460
9 years$104,127$95,124$86,835$79,217$72,228$54,868
10 years$92,762$83,847$75,705$68,286$61,542$45,110
11 years$83,470$74,644$66,649$59,429$52,928$37,400
12 years$75,732$66,996$59,149$52,128$45,866$31,217
13 years$69,189$60,545$52,846$46,021$39,996$26,197
14 years$63,586$55,034$47,482$40,852$35,061$22,082
15 years$58,735$50,274$42,870$36,433$30,870$18,681
16 years$54,494$46,126$38,868$32,622$27,283$15,851
17 years$50,755$42,480$35,369$29,310$24,191$13,484
18 years$47,436$39,254$32,287$26,415$21,510$11,494
19 years$44,470$36,380$29,557$23,868$19,172$9,816
20 years$41,804$33,806$27,126$21,617$17,125$8,395
21 years$39,395$31,489$24,951$19,619$15,325$7,189
22 years$37,207$29,394$22,996$17,838$13,736$6,163
23 years$35,213$27,491$21,233$16,245$12,331$5,288
24 years$33,388$25,758$19,637$14,817$11,083$4,541
25 years$31,711$24,172$18,187$13,531$9,973$3,902
26 years$30,166$22,718$16,868$12,372$8,983$3,355
27 years$28,738$21,380$15,663$11,325$8,099$2,886
28 years$27,414$20,147$14,561$10,376$7,308$2,483
29 years$26,184$19,006$13,550$9,515$6,599$2,138
30 years$25,037$17,949$12,622$8,732$5,963$1,841
31 years$23,967$16,968$11,767$8,020$5,391$1,586
32 years$22,966$16,055$10,979$7,371$4,876$1,366
33 years$22,027$15,204$10,251$6,778$4,413$1,177
34 years$21,146$14,410$9,578$6,236$3,996$1,015
35 years$20,317$13,668$8,955$5,741$3,619$875
36 years$19,535$12,973$8,377$5,287$3,279$754
37 years$18,798$12,321$7,841$4,871$2,972$650
38 years$18,101$11,710$7,342$4,490$2,694$561
39 years$17,441$11,135$6,879$4,140$2,443$484
40 years$16,816$10,594$6,448$3,819$2,216$417
41 years$16,223$10,084$6,046$3,523$2,010$360
42 years$15,660$9,604$5,671$3,251$1,824$310
43 years$15,124$9,151$5,322$3,001$1,656$268
44 years$14,614$8,722$4,995$2,771$1,503$231
45 years$14,128$8,318$4,690$2,559$1,364$199
46 years$13,665$7,935$4,405$2,364$1,239$172
47 years$13,223$7,572$4,139$2,184$1,125$148
48 years$12,800$7,229$3,889$2,018$1,022$128
49 years$12,396$6,903$3,656$1,865$928$110
50 years$12,009$6,594$3,437$1,724$843$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,300,000, adding $6,689 every year, while hoping to spend $37,837 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: 25/48/27 Blend
60$12,300,000$12,300,000$12,300,000$12,300,000
61$13,561,500$12,909,600$12,718,950$13,785,193
62$14,904,514$13,501,912$13,104,776$14,563,836
63$16,383,248$14,121,979$13,502,260$15,394,433
64$18,011,505$14,771,122$13,911,751$16,284,217
65$19,804,495$15,450,723$14,333,611$17,238,174
66$21,778,978$16,162,233$14,768,211$18,261,758
67$23,953,423$16,907,171$15,215,935$19,360,927
68$26,348,180$17,687,130$15,677,177$20,542,201
69$28,985,674$18,503,780$16,152,343$21,812,711
70$31,890,618$19,358,870$16,641,851$23,180,265
71$35,090,241$20,254,234$17,146,133$24,653,406
72$38,614,548$21,191,795$17,665,631$26,241,494
73$42,496,606$22,173,567$18,200,804$27,954,781
74$46,772,850$23,201,662$18,752,121$29,804,498
75$51,483,431$24,278,293$19,320,067$31,802,958
76$56,672,593$25,405,782$19,905,142$33,963,658
77$62,389,093$26,586,560$20,507,859$36,301,398
78$68,686,656$27,823,177$21,128,748$38,832,411
79$75,624,487$29,118,305$21,768,353$41,574,506
80$83,267,829$30,474,746$22,427,237$44,547,225
81$91,688,575$31,895,436$23,105,977$47,772,014
82$100,965,951$33,383,454$23,805,169$51,272,417
83$111,187,262$34,942,027$24,525,426$55,074,281
84$122,448,714$36,574,538$25,267,379$59,205,993
85$134,856,325$38,284,533$26,031,679$63,698,726
86$148,526,925$40,075,730$26,818,995$68,586,726
87$163,589,256$41,952,025$27,630,016$73,907,617
88$180,185,192$43,917,506$28,465,453$79,702,741
89$198,471,073$45,976,455$29,326,037$86,017,530
90$218,619,183$48,133,363$30,212,520$92,901,919
91$240,819,379$50,392,937$31,125,679$100,410,802
92$265,280,878$52,760,112$32,066,311$108,604,525
93$292,234,234$55,240,065$33,035,239$117,549,441
94$321,933,516$57,838,217$34,033,309$127,318,514
95$354,658,703$60,560,259$35,061,394$137,991,986
96$390,718,330$63,412,151$36,120,390$149,658,111
97$430,452,400$66,400,146$37,211,223$162,413,965
98$474,235,589$69,530,798$38,334,843$176,366,338
99$522,480,791$72,810,978$39,492,232$191,632,716
100$575,643,008$76,247,893$40,684,398$208,342,362