Can I retire at age 61 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$961,770
2 years$506,921$497,480$488,330$479,459$470,854$443,825
3 years$334,590$325,109$315,982$307,194$298,729$272,542
4 years$248,442$238,989$229,954$221,316$213,056$187,911
5 years$196,766$187,371$178,454$169,992$161,962$137,929
6 years$162,327$153,002$144,217$135,944$128,155$105,256
7 years$137,738$128,491$119,845$111,767$104,224$82,461
8 years$119,304$110,140$101,638$93,759$86,464$65,824
9 years$104,974$95,897$87,541$79,861$72,815$53,280
10 years$93,517$84,529$76,320$68,841$62,042$43,586
11 years$84,149$75,251$67,191$59,913$53,358$35,953
12 years$76,348$67,541$59,630$52,551$46,239$29,852
13 years$69,752$61,037$53,276$46,395$40,322$24,917
14 years$64,103$55,481$47,869$41,184$35,346$20,888
15 years$59,212$50,683$43,219$36,729$31,121$17,572
16 years$54,937$46,501$39,184$32,887$27,505$14,825
17 years$51,168$42,826$35,656$29,549$24,388$12,538
18 years$47,822$39,573$32,549$26,629$21,684$10,625
19 years$44,832$36,676$29,797$24,062$19,328$9,019
20 years$42,144$34,081$27,347$21,793$17,264$7,667
21 years$39,715$31,745$25,154$19,778$15,449$6,525
22 years$37,510$29,633$23,183$17,983$13,848$5,559
23 years$35,499$27,715$21,405$16,377$12,431$4,740
24 years$33,659$25,967$19,796$14,937$11,173$4,045
25 years$31,969$24,369$18,335$13,641$10,054$3,453
26 years$30,411$22,903$17,005$12,473$9,056$2,950
27 years$28,972$21,554$15,791$11,417$8,165$2,521
28 years$27,637$20,310$14,680$10,460$7,368$2,156
29 years$26,397$19,160$13,661$9,592$6,653$1,844
30 years$25,241$18,095$12,724$8,803$6,011$1,577
31 years$24,162$17,106$11,863$8,085$5,435$1,350
32 years$23,153$16,186$11,068$7,431$4,916$1,155
33 years$22,207$15,328$10,334$6,833$4,449$989
34 years$21,318$14,527$9,656$6,287$4,028$847
35 years$20,482$13,779$9,027$5,787$3,648$725
36 years$19,694$13,078$8,445$5,330$3,306$621
37 years$18,951$12,421$7,904$4,911$2,996$532
38 years$18,248$11,805$7,402$4,527$2,716$455
39 years$17,583$11,225$6,935$4,174$2,463$390
40 years$16,953$10,680$6,500$3,850$2,234$334
41 years$16,355$10,166$6,095$3,552$2,027$286
42 years$15,787$9,682$5,717$3,278$1,839$245
43 years$15,247$9,225$5,365$3,026$1,669$210
44 years$14,733$8,793$5,036$2,794$1,515$180
45 years$14,243$8,385$4,729$2,580$1,375$154
46 years$13,776$7,999$4,441$2,383$1,249$132
47 years$13,330$7,634$4,172$2,202$1,134$113
48 years$12,904$7,287$3,921$2,035$1,030$97
49 years$12,497$6,959$3,685$1,880$935$83
50 years$12,107$6,648$3,465$1,738$850$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,400,000, adding $5,604 every year, while hoping to spend $53,169 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: 80/12/8 Blend
60$12,400,000$12,400,000$12,400,000$12,400,000
61$13,670,581$13,013,381$12,821,181$14,749,642
62$15,008,408$13,594,465$13,194,119$16,038,674
63$16,480,913$14,202,240$13,577,768$17,445,222
64$18,101,774$14,837,958$13,972,432$18,986,994
65$19,886,068$15,502,931$14,378,421$20,677,472
66$21,850,403$16,198,531$14,796,055$22,531,498
67$24,013,084$16,926,198$15,225,662$24,565,418
68$26,394,276$17,687,440$15,667,580$26,797,228
69$29,016,205$18,483,837$16,122,156$29,246,748
70$31,903,355$19,317,043$16,589,746$31,935,804
71$35,082,712$20,188,792$17,070,716$34,888,433
72$38,584,006$21,100,901$17,565,444$38,131,107
73$42,440,003$22,055,274$18,074,314$41,692,983
74$46,686,806$23,053,904$18,597,726$45,606,173
75$51,364,196$24,098,881$19,136,086$49,906,047
76$56,516,014$25,192,396$19,689,814$54,631,564
77$62,190,565$26,336,742$20,259,341$59,825,636
78$68,441,084$27,534,323$20,845,110$65,535,532
79$75,326,229$28,787,659$21,447,575$71,813,321
80$82,910,639$30,099,389$22,067,204$78,716,360
81$91,265,545$31,472,280$22,704,476$86,307,835
82$100,469,438$32,909,230$23,359,884$94,657,350
83$110,608,816$34,413,277$24,033,935$103,841,584
84$121,778,992$35,987,605$24,727,149$113,945,011
85$134,085,000$37,635,548$25,440,060$125,060,692
86$147,642,585$39,360,605$26,173,216$137,291,154
87$162,579,292$41,166,438$26,927,182$150,749,350
88$179,035,674$43,056,887$27,702,537$165,559,721
89$197,166,616$45,035,978$28,499,875$181,859,370
90$217,142,796$47,107,926$29,319,806$199,799,351
91$239,152,301$49,277,154$30,162,959$219,546,088
92$263,402,394$51,548,293$31,029,977$241,282,941
93$290,121,479$53,926,200$31,921,522$265,211,937
94$319,561,249$56,415,964$32,838,272$291,555,667
95$351,999,069$59,022,918$33,780,927$320,559,385
96$387,740,587$61,752,654$34,750,201$352,493,313
97$427,122,625$64,611,032$35,746,830$387,655,193
98$470,516,354$67,604,194$36,771,571$426,373,085
99$518,330,801$70,738,579$37,825,198$469,008,462
100$571,016,708$74,020,935$38,908,507$515,959,615