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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$956,759
2 years$506,921$497,480$488,330$479,459$470,854$438,880
3 years$334,590$325,109$315,982$307,194$298,729$267,820
4 years$248,442$238,989$229,954$221,316$213,056$183,448
5 years$196,766$187,371$178,454$169,992$161,962$133,734
6 years$162,327$153,002$144,217$135,944$128,155$101,330
7 years$137,738$128,491$119,845$111,767$104,224$78,801
8 years$119,304$110,140$101,638$93,759$86,464$62,423
9 years$104,974$95,897$87,541$79,861$72,815$50,129
10 years$93,517$84,529$76,320$68,841$62,042$40,676
11 years$84,149$75,251$67,191$59,913$53,358$33,273
12 years$76,348$67,541$59,630$52,551$46,239$27,390
13 years$69,752$61,037$53,276$46,395$40,322$22,662
14 years$64,103$55,481$47,869$41,184$35,346$18,827
15 years$59,212$50,683$43,219$36,729$31,121$15,694
16 years$54,937$46,501$39,184$32,887$27,505$13,117
17 years$51,168$42,826$35,656$29,549$24,388$10,989
18 years$47,822$39,573$32,549$26,629$21,684$9,223
19 years$44,832$36,676$29,797$24,062$19,328$7,752
20 years$42,144$34,081$27,347$21,793$17,264$6,525
21 years$39,715$31,745$25,154$19,778$15,449$5,498
22 years$37,510$29,633$23,183$17,983$13,848$4,637
23 years$35,499$27,715$21,405$16,377$12,431$3,913
24 years$33,659$25,967$19,796$14,937$11,173$3,305
25 years$31,969$24,369$18,335$13,641$10,054$2,793
26 years$30,411$22,903$17,005$12,473$9,056$2,361
27 years$28,972$21,554$15,791$11,417$8,165$1,996
28 years$27,637$20,310$14,680$10,460$7,368$1,689
29 years$26,397$19,160$13,661$9,592$6,653$1,429
30 years$25,241$18,095$12,724$8,803$6,011$1,210
31 years$24,162$17,106$11,863$8,085$5,435$1,024
32 years$23,153$16,186$11,068$7,431$4,916$867
33 years$22,207$15,328$10,334$6,833$4,449$734
34 years$21,318$14,527$9,656$6,287$4,028$622
35 years$20,482$13,779$9,027$5,787$3,648$527
36 years$19,694$13,078$8,445$5,330$3,306$446
37 years$18,951$12,421$7,904$4,911$2,996$378
38 years$18,248$11,805$7,402$4,527$2,716$320
39 years$17,583$11,225$6,935$4,174$2,463$271
40 years$16,953$10,680$6,500$3,850$2,234$230
41 years$16,355$10,166$6,095$3,552$2,027$195
42 years$15,787$9,682$5,717$3,278$1,839$165
43 years$15,247$9,225$5,365$3,026$1,669$140
44 years$14,733$8,793$5,036$2,794$1,515$118
45 years$14,243$8,385$4,729$2,580$1,375$100
46 years$13,776$7,999$4,441$2,383$1,249$85
47 years$13,330$7,634$4,172$2,202$1,134$72
48 years$12,904$7,287$3,921$2,035$1,030$61
49 years$12,497$6,959$3,685$1,880$935$52
50 years$12,107$6,648$3,465$1,738$850$44

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 $3,494 every year, while hoping to spend $47,342 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: 62/19/19 Blend
60$12,400,000$12,400,000$12,400,000$12,400,000
61$13,668,404$13,011,204$12,819,004$14,448,983
62$15,012,210$13,598,382$13,198,069$15,562,850
63$16,491,497$14,212,744$13,588,246$16,772,749
64$18,120,035$14,855,574$13,989,858$18,092,545
65$19,912,995$15,528,214$14,403,235$19,532,937
66$21,887,096$16,232,071$14,828,718$21,105,695
67$24,060,759$16,968,622$15,266,660$22,823,769
68$26,454,283$17,739,411$15,717,419$24,701,405
69$29,090,035$18,546,057$16,181,368$26,754,283
70$31,992,662$19,390,258$16,658,887$28,999,655
71$35,189,323$20,273,790$17,150,370$31,456,510
72$38,709,947$21,198,519$17,656,220$34,145,745
73$42,587,510$22,166,395$18,176,852$37,090,364
74$46,858,354$23,179,465$18,712,694$40,315,686
75$51,562,521$24,239,874$19,264,184$43,849,586
76$56,744,138$25,349,868$19,831,775$47,722,750
77$62,451,831$26,511,803$20,415,930$51,968,960
78$68,739,182$27,728,145$21,017,128$56,625,413
79$75,665,237$29,001,483$21,635,860$61,733,062
80$83,295,061$30,334,525$22,272,631$67,337,004
81$91,700,354$31,730,114$22,927,961$73,486,894
82$100,960,127$33,191,226$23,602,385$80,237,414
83$111,161,446$34,720,982$24,296,451$87,648,782
84$122,400,257$36,322,653$25,010,725$95,787,315
85$134,782,287$37,999,667$25,745,788$104,726,047
86$148,424,045$39,755,617$26,502,237$114,545,416
87$163,453,924$41,594,267$27,280,688$125,334,016
88$180,013,404$43,519,567$28,081,771$137,189,423
89$198,258,398$45,535,652$28,906,137$150,219,116
90$218,360,715$47,646,859$29,754,453$164,541,476
91$240,509,687$49,857,735$30,627,407$180,286,906
92$264,913,954$52,173,043$31,525,704$197,599,043
93$291,803,434$54,597,778$32,450,071$216,636,116
94$321,431,490$57,137,175$33,401,254$237,572,423
95$354,077,327$59,796,722$34,380,021$260,599,972
96$390,048,624$62,582,171$35,387,162$285,930,285
97$429,684,439$65,499,553$36,423,487$313,796,380
98$473,358,409$68,555,188$37,489,831$344,454,965
99$521,482,278$71,755,703$38,587,051$378,188,850
100$574,509,782$75,108,045$39,716,030$415,309,604