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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$964,860
2 years$511,009$501,492$492,268$483,326$474,651$442,800
3 years$337,289$327,731$318,530$309,671$301,138$270,342
4 years$250,446$240,917$231,808$223,101$214,774$185,269
5 years$198,353$188,882$179,893$171,363$163,268$135,132
6 years$163,636$154,236$145,380$137,040$129,188$102,446
7 years$138,848$129,527$120,812$112,668$105,065$79,714
8 years$120,266$111,029$102,458$94,515$87,161$63,184
9 years$105,820$96,670$88,247$80,506$73,402$50,771
10 years$94,271$85,210$76,936$69,397$62,543$41,223
11 years$84,827$75,858$67,733$60,396$53,789$33,742
12 years$76,963$68,086$60,111$52,975$46,612$27,794
13 years$70,314$61,530$53,705$46,769$40,647$23,012
14 years$64,620$55,929$48,255$41,516$35,631$19,132
15 years$59,690$51,092$43,567$37,025$31,372$15,959
16 years$55,380$46,876$39,500$33,152$27,727$13,348
17 years$51,581$43,171$35,944$29,787$24,584$11,190
18 years$48,208$39,892$32,812$26,844$21,859$9,399
19 years$45,193$36,971$30,038$24,256$19,484$7,907
20 years$42,484$34,356$27,567$21,968$17,403$6,660
21 years$40,035$32,001$25,356$19,938$15,574$5,616
22 years$37,812$29,872$23,370$18,128$13,960$4,740
23 years$35,786$27,938$21,578$16,509$12,531$4,004
24 years$33,931$26,176$19,956$15,058$11,263$3,384
25 years$32,227$24,565$18,483$13,752$10,135$2,862
26 years$30,657$23,087$17,142$12,574$9,129$2,421
27 years$29,205$21,728$15,918$11,509$8,231$2,049
28 years$27,860$20,474$14,798$10,545$7,427$1,735
29 years$26,609$19,315$13,771$9,670$6,706$1,469
30 years$25,445$18,241$12,827$8,874$6,060$1,245
31 years$24,357$17,244$11,958$8,150$5,478$1,054
32 years$23,340$16,316$11,157$7,490$4,956$894
33 years$22,386$15,452$10,418$6,888$4,485$757
34 years$21,490$14,645$9,734$6,338$4,061$642
35 years$20,647$13,890$9,100$5,834$3,678$544
36 years$19,853$13,184$8,513$5,373$3,332$461
37 years$19,103$12,522$7,968$4,951$3,020$391
38 years$18,395$11,900$7,462$4,563$2,738$332
39 years$17,725$11,316$6,991$4,207$2,483$281
40 years$17,089$10,766$6,552$3,881$2,252$238
41 years$16,487$10,248$6,144$3,580$2,043$202
42 years$15,914$9,760$5,763$3,304$1,854$171
43 years$15,370$9,299$5,408$3,050$1,683$145
44 years$14,852$8,864$5,077$2,816$1,527$123
45 years$14,358$8,453$4,767$2,601$1,387$105
46 years$13,887$8,064$4,477$2,403$1,259$89
47 years$13,438$7,695$4,206$2,220$1,143$75
48 years$13,008$7,346$3,953$2,051$1,038$64
49 years$12,597$7,015$3,715$1,896$943$54
50 years$12,204$6,701$3,493$1,752$856$46

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 $4,920 every year, while hoping to spend $38,900 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: 46/42/12 Blend
60$12,500,000$12,500,000$12,500,000$12,500,000
61$13,780,075$13,117,575$12,923,825$14,367,187
62$15,144,253$13,718,947$13,315,384$15,375,553
63$16,646,274$14,348,482$13,718,756$16,464,437
64$18,300,156$15,007,520$14,134,297$17,644,813
65$20,121,347$15,697,463$14,562,370$18,925,176
66$22,126,868$16,419,783$15,003,354$20,314,847
67$24,335,477$17,176,020$15,457,634$21,824,064
68$26,767,841$17,967,791$15,925,611$23,464,063
69$29,446,736$18,796,788$16,407,694$25,247,189
70$32,397,259$19,664,786$16,904,307$27,186,996
71$35,647,064$20,573,645$17,415,885$29,298,377
72$39,226,625$21,525,314$17,942,878$31,597,696
73$43,169,524$22,521,838$18,485,748$34,102,932
74$47,512,764$23,565,357$19,044,970$36,833,847
75$52,297,124$24,658,117$19,621,034$39,812,162
76$57,567,537$25,802,471$20,214,445$43,061,754
77$63,373,519$27,000,886$20,825,722$46,608,875
78$69,769,636$28,255,947$21,455,402$50,482,390
79$76,816,015$29,570,365$22,104,034$54,714,043
80$84,578,916$30,946,980$22,772,187$59,338,744
81$93,131,354$32,388,771$23,460,444$64,394,891
82$102,553,791$33,898,859$24,169,407$69,924,722
83$112,934,892$35,480,518$24,899,697$75,974,700
84$124,372,365$37,137,177$25,651,950$82,595,948
85$136,973,881$38,872,433$26,426,825$89,844,712
86$150,858,090$40,690,056$27,224,997$97,782,883
87$166,155,744$42,593,998$28,047,164$106,478,570
88$183,010,929$44,588,402$28,894,042$116,006,727
89$201,582,421$46,677,612$29,766,371$126,449,847
90$222,045,194$48,866,181$30,664,910$137,898,728
91$244,592,063$51,158,883$31,590,443$150,453,312
92$269,435,508$53,560,722$32,543,778$164,223,616
93$296,809,678$56,076,946$33,525,742$179,330,748
94$326,972,604$58,713,055$34,537,193$195,908,039
95$360,208,630$61,474,815$35,579,010$214,102,280
96$396,831,104$64,368,274$36,652,100$234,075,088
97$437,185,327$67,399,770$37,757,396$256,004,414
98$481,651,821$70,575,949$38,895,859$280,086,198
99$530,649,915$73,903,779$40,068,479$306,536,200
100$584,641,707$77,390,566$41,276,274$335,592,012