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%16.2%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$971,488
2 years$511,009$501,492$492,268$483,326$474,651$449,347
3 years$337,289$327,731$318,530$309,671$301,138$276,600
4 years$250,446$240,917$231,808$223,101$214,774$191,192
5 years$198,353$188,882$179,893$171,363$163,268$140,706
6 years$163,636$154,236$145,380$137,040$129,188$107,669
7 years$138,848$129,527$120,812$112,668$105,065$84,590
8 years$120,266$111,029$102,458$94,515$87,161$67,723
9 years$105,820$96,670$88,247$80,506$73,402$54,983
10 years$94,271$85,210$76,936$69,397$62,543$45,120
11 years$84,827$75,858$67,733$60,396$53,789$37,337
12 years$76,963$68,086$60,111$52,975$46,612$31,103
13 years$70,314$61,530$53,705$46,769$40,647$26,049
14 years$64,620$55,929$48,255$41,516$35,631$21,912
15 years$59,690$51,092$43,567$37,025$31,372$18,498
16 years$55,380$46,876$39,500$33,152$27,727$15,662
17 years$51,581$43,171$35,944$29,787$24,584$13,294
18 years$48,208$39,892$32,812$26,844$21,859$11,308
19 years$45,193$36,971$30,038$24,256$19,484$9,635
20 years$42,484$34,356$27,567$21,968$17,403$8,221
21 years$40,035$32,001$25,356$19,938$15,574$7,024
22 years$37,812$29,872$23,370$18,128$13,960$6,007
23 years$35,786$27,938$21,578$16,509$12,531$5,143
24 years$33,931$26,176$19,956$15,058$11,263$4,406
25 years$32,227$24,565$18,483$13,752$10,135$3,777
26 years$30,657$23,087$17,142$12,574$9,129$3,239
27 years$29,205$21,728$15,918$11,509$8,231$2,780
28 years$27,860$20,474$14,798$10,545$7,427$2,386
29 years$26,609$19,315$13,771$9,670$6,706$2,049
30 years$25,445$18,241$12,827$8,874$6,060$1,760
31 years$24,357$17,244$11,958$8,150$5,478$1,513
32 years$23,340$16,316$11,157$7,490$4,956$1,300
33 years$22,386$15,452$10,418$6,888$4,485$1,117
34 years$21,490$14,645$9,734$6,338$4,061$961
35 years$20,647$13,890$9,100$5,834$3,678$826
36 years$19,853$13,184$8,513$5,373$3,332$710
37 years$19,103$12,522$7,968$4,951$3,020$611
38 years$18,395$11,900$7,462$4,563$2,738$525
39 years$17,725$11,316$6,991$4,207$2,483$452
40 years$17,089$10,766$6,552$3,881$2,252$389
41 years$16,487$10,248$6,144$3,580$2,043$335
42 years$15,914$9,760$5,763$3,304$1,854$288
43 years$15,370$9,299$5,408$3,050$1,683$248
44 years$14,852$8,864$5,077$2,816$1,527$213
45 years$14,358$8,453$4,767$2,601$1,387$183
46 years$13,887$8,064$4,477$2,403$1,259$158
47 years$13,438$7,695$4,206$2,220$1,143$136
48 years$13,008$7,346$3,953$2,051$1,038$117
49 years$12,597$7,015$3,715$1,896$943$100
50 years$12,204$6,701$3,493$1,752$856$86

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 $5,569 every year, while hoping to spend $29,303 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: 40/43/17 Blend
60$12,500,000$12,500,000$12,500,000$12,500,000
61$13,780,744$13,118,244$12,924,494$14,262,180
62$15,155,202$13,729,860$13,326,287$15,217,010
63$16,668,873$14,370,463$13,740,557$16,246,044
64$18,335,924$15,041,442$14,167,692$17,358,653
65$20,171,970$15,744,255$14,608,092$18,562,446
66$22,194,215$16,480,427$15,062,167$19,865,768
67$24,421,617$17,251,560$15,530,341$21,277,773
68$26,875,067$18,059,332$16,013,053$22,808,503
69$29,577,586$18,905,501$16,510,752$24,468,978
70$32,554,542$19,791,913$17,023,905$26,271,295
71$35,833,888$20,720,500$17,552,989$28,228,731
72$39,446,430$21,693,289$18,098,499$30,355,866
73$43,426,111$22,712,406$18,660,944$32,668,712
74$47,810,339$23,780,078$19,240,850$35,184,855
75$52,640,333$24,898,641$19,838,758$37,923,612
76$57,961,516$26,070,544$20,455,226$40,906,210
77$63,823,945$27,298,354$21,090,829$44,155,971
78$70,282,777$28,584,763$21,746,162$47,698,529
79$77,398,796$29,932,593$22,421,835$51,562,057
80$85,238,986$31,344,803$23,118,479$55,777,528
81$93,877,159$32,824,494$23,836,744$60,378,990
82$103,394,655$34,374,920$24,577,300$65,403,885
83$113,881,109$35,999,491$25,340,840$70,893,382
84$125,435,298$37,701,782$26,128,074$76,892,762
85$138,166,071$39,485,542$26,939,737$83,451,824
86$152,193,379$41,354,702$27,776,587$90,625,349
87$167,649,405$43,313,384$28,639,403$98,473,600
88$184,679,812$45,365,908$29,528,992$107,062,876
89$203,445,122$47,516,806$30,446,182$116,466,125
90$224,122,225$49,770,830$31,391,829$126,763,612
91$246,906,051$52,132,960$32,366,815$138,043,667
92$272,011,414$54,608,420$33,372,049$150,403,495
93$299,675,033$57,202,688$34,408,467$163,950,076
94$330,157,773$59,921,506$35,477,037$178,801,161
95$363,747,103$62,770,897$36,578,755$195,086,358
96$400,759,811$65,757,175$37,714,647$212,948,335
97$441,544,996$68,886,961$38,885,773$232,544,149
98$486,487,363$72,167,199$40,093,223$254,046,700
99$536,010,851$75,605,169$41,338,123$277,646,345
100$590,582,641$79,208,505$42,621,633$303,552,662