Can I retire at age 61 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$989,656
2 years$511,009$501,492$492,268$483,326$474,651$467,481
3 years$337,289$327,731$318,530$309,671$301,138$294,130
4 years$250,446$240,917$231,808$223,101$214,774$207,983
5 years$198,353$188,882$179,893$171,363$163,268$156,713
6 years$163,636$154,236$145,380$137,040$129,188$122,878
7 years$138,848$129,527$120,812$112,668$105,065$99,003
8 years$120,266$111,029$102,458$94,515$87,161$81,347
9 years$105,820$96,670$88,247$80,506$73,402$67,835
10 years$94,271$85,210$76,936$69,397$62,543$57,218
11 years$84,827$75,858$67,733$60,396$53,789$48,704
12 years$76,963$68,086$60,111$52,975$46,612$41,763
13 years$70,314$61,530$53,705$46,769$40,647$36,027
14 years$64,620$55,929$48,255$41,516$35,631$31,235
15 years$59,690$51,092$43,567$37,025$31,372$27,195
16 years$55,380$46,876$39,500$33,152$27,727$23,762
17 years$51,581$43,171$35,944$29,787$24,584$20,825
18 years$48,208$39,892$32,812$26,844$21,859$18,299
19 years$45,193$36,971$30,038$24,256$19,484$16,116
20 years$42,484$34,356$27,567$21,968$17,403$14,220
21 years$40,035$32,001$25,356$19,938$15,574$12,569
22 years$37,812$29,872$23,370$18,128$13,960$11,126
23 years$35,786$27,938$21,578$16,509$12,531$9,862
24 years$33,931$26,176$19,956$15,058$11,263$8,751
25 years$32,227$24,565$18,483$13,752$10,135$7,772
26 years$30,657$23,087$17,142$12,574$9,129$6,910
27 years$29,205$21,728$15,918$11,509$8,231$6,148
28 years$27,860$20,474$14,798$10,545$7,427$5,473
29 years$26,609$19,315$13,771$9,670$6,706$4,876
30 years$25,445$18,241$12,827$8,874$6,060$4,346
31 years$24,357$17,244$11,958$8,150$5,478$3,875
32 years$23,340$16,316$11,157$7,490$4,956$3,457
33 years$22,386$15,452$10,418$6,888$4,485$3,086
34 years$21,490$14,645$9,734$6,338$4,061$2,755
35 years$20,647$13,890$9,100$5,834$3,678$2,460
36 years$19,853$13,184$8,513$5,373$3,332$2,197
37 years$19,103$12,522$7,968$4,951$3,020$1,963
38 years$18,395$11,900$7,462$4,563$2,738$1,755
39 years$17,725$11,316$6,991$4,207$2,483$1,568
40 years$17,089$10,766$6,552$3,881$2,252$1,402
41 years$16,487$10,248$6,144$3,580$2,043$1,254
42 years$15,914$9,760$5,763$3,304$1,854$1,121
43 years$15,370$9,299$5,408$3,050$1,683$1,003
44 years$14,852$8,864$5,077$2,816$1,527$897
45 years$14,358$8,453$4,767$2,601$1,387$802
46 years$13,887$8,064$4,477$2,403$1,259$718
47 years$13,438$7,695$4,206$2,220$1,143$642
48 years$13,008$7,346$3,953$2,051$1,038$574
49 years$12,597$7,015$3,715$1,896$943$514
50 years$12,204$6,701$3,493$1,752$856$460

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,500,000, adding $3,210 every year, while hoping to spend $33,514 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: 50/25/25 Blend
60$12,500,000$12,500,000$12,500,000$12,500,000
61$13,778,311$13,115,811$12,922,061$14,369,971
62$15,148,040$13,722,827$13,319,292$15,389,308
63$16,656,358$14,358,464$13,728,706$16,492,950
64$18,317,366$15,024,088$14,150,677$17,691,835
65$20,146,602$15,721,133$14,585,589$18,995,000
66$22,161,187$16,451,100$15,033,838$20,412,374
67$24,379,988$17,215,564$15,495,831$21,954,873
68$26,823,795$18,016,175$15,971,990$23,634,492
69$29,515,518$18,854,663$16,462,747$25,464,421
70$32,480,401$19,732,841$16,968,549$27,459,160
71$35,746,262$20,652,610$17,489,856$29,634,655
72$39,343,756$21,615,963$18,027,141$32,008,441
73$43,306,662$22,624,989$18,580,894$34,599,805
74$47,672,205$23,681,877$19,151,617$37,429,962
75$52,481,404$24,788,923$19,739,831$40,522,250
76$57,779,461$25,948,534$20,346,068$43,902,344
77$63,616,185$27,163,231$20,970,880$47,598,493
78$70,046,466$28,435,659$21,614,835$51,641,782
79$77,130,791$29,768,592$22,278,517$56,066,418
80$84,935,814$31,164,935$22,962,530$60,910,045
81$93,534,986$32,627,737$23,667,494$66,214,094
82$103,009,249$34,160,190$24,394,050$72,024,168
83$113,447,798$35,765,646$25,142,856$78,390,462
84$124,948,925$37,447,614$25,914,594$85,368,231
85$137,620,945$39,209,776$26,709,962$93,018,303
86$151,583,218$41,055,992$27,529,682$101,407,645
87$166,967,279$42,990,308$28,374,499$110,609,986
88$183,918,075$45,016,966$29,245,178$120,706,502
89$202,595,336$47,140,416$30,142,509$131,786,576
90$223,175,083$49,365,319$31,067,306$143,948,627
91$245,851,288$51,696,565$32,020,407$157,301,034
92$270,837,704$54,139,281$33,002,675$171,963,143
93$298,369,886$56,698,843$34,015,001$188,066,385
94$328,707,413$59,380,885$35,058,303$205,755,501
95$362,136,338$62,191,317$36,133,525$225,189,902
96$398,971,887$65,136,334$37,241,640$246,545,154
97$439,561,438$68,222,433$38,383,654$270,014,624
98$484,287,798$71,456,425$39,560,599$295,811,294
99$533,572,815$74,845,452$40,773,541$324,169,751
100$587,881,366$78,397,002$42,023,578$355,348,388