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%13.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$983,090
2 years$511,009$501,492$492,268$483,326$474,651$460,895
3 years$337,289$327,731$318,530$309,671$301,138$287,732
4 years$250,446$240,917$231,808$223,101$214,774$201,821
5 years$198,353$188,882$179,893$171,363$163,268$150,805
6 years$163,636$154,236$145,380$137,040$129,188$117,230
7 years$138,848$129,527$120,812$112,668$105,065$93,616
8 years$120,266$111,029$102,458$94,515$87,161$76,220
9 years$105,820$96,670$88,247$80,506$73,402$62,964
10 years$94,271$85,210$76,936$69,397$62,543$52,600
11 years$84,827$75,858$67,733$60,396$53,789$44,332
12 years$76,963$68,086$60,111$52,975$46,612$37,630
13 years$70,314$61,530$53,705$46,769$40,647$32,127
14 years$64,620$55,929$48,255$41,516$35,631$27,561
15 years$59,690$51,092$43,567$37,025$31,372$23,738
16 years$55,380$46,876$39,500$33,152$27,727$20,515
17 years$51,581$43,171$35,944$29,787$24,584$17,779
18 years$48,208$39,892$32,812$26,844$21,859$15,445
19 years$45,193$36,971$30,038$24,256$19,484$13,446
20 years$42,484$34,356$27,567$21,968$17,403$11,726
21 years$40,035$32,001$25,356$19,938$15,574$10,242
22 years$37,812$29,872$23,370$18,128$13,960$8,957
23 years$35,786$27,938$21,578$16,509$12,531$7,843
24 years$33,931$26,176$19,956$15,058$11,263$6,873
25 years$32,227$24,565$18,483$13,752$10,135$6,029
26 years$30,657$23,087$17,142$12,574$9,129$5,293
27 years$29,205$21,728$15,918$11,509$8,231$4,650
28 years$27,860$20,474$14,798$10,545$7,427$4,087
29 years$26,609$19,315$13,771$9,670$6,706$3,594
30 years$25,445$18,241$12,827$8,874$6,060$3,162
31 years$24,357$17,244$11,958$8,150$5,478$2,783
32 years$23,340$16,316$11,157$7,490$4,956$2,450
33 years$22,386$15,452$10,418$6,888$4,485$2,158
34 years$21,490$14,645$9,734$6,338$4,061$1,901
35 years$20,647$13,890$9,100$5,834$3,678$1,675
36 years$19,853$13,184$8,513$5,373$3,332$1,476
37 years$19,103$12,522$7,968$4,951$3,020$1,301
38 years$18,395$11,900$7,462$4,563$2,738$1,147
39 years$17,725$11,316$6,991$4,207$2,483$1,011
40 years$17,089$10,766$6,552$3,881$2,252$892
41 years$16,487$10,248$6,144$3,580$2,043$786
42 years$15,914$9,760$5,763$3,304$1,854$694
43 years$15,370$9,299$5,408$3,050$1,683$612
44 years$14,852$8,864$5,077$2,816$1,527$540
45 years$14,358$8,453$4,767$2,601$1,387$476
46 years$13,887$8,064$4,477$2,403$1,259$420
47 years$13,438$7,695$4,206$2,220$1,143$371
48 years$13,008$7,346$3,953$2,051$1,038$327
49 years$12,597$7,015$3,715$1,896$943$288
50 years$12,204$6,701$3,493$1,752$856$255

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 $3,216 every year, while hoping to spend $59,609 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: 65/21/14 Blend
60$12,500,000$12,500,000$12,500,000$12,500,000
61$13,778,317$13,115,817$12,922,067$14,628,116
62$15,120,282$13,695,069$13,291,533$15,775,852
63$16,597,130$14,300,706$13,671,378$17,022,256
64$18,222,555$14,933,958$14,061,887$18,382,717
65$20,011,647$15,596,114$14,463,352$19,868,371
66$21,981,035$16,288,524$14,876,074$21,491,469
67$24,149,038$17,012,599$15,300,361$23,265,491
68$26,535,845$17,769,821$15,736,528$25,205,267
69$29,163,700$18,561,741$16,184,900$27,327,122
70$32,057,113$19,389,982$16,645,810$29,649,019
71$35,243,095$20,256,247$17,119,600$32,190,727
72$38,751,405$21,162,318$17,606,622$34,974,010
73$42,614,839$22,110,062$18,107,234$38,022,821
74$46,869,532$23,101,435$18,621,806$41,363,530
75$51,555,306$24,138,487$19,150,718$45,025,166
76$56,716,039$25,223,365$19,694,359$49,039,689
77$62,400,083$26,358,317$20,253,128$53,442,287
78$68,660,718$27,545,701$20,827,434$58,271,703
79$75,556,656$28,787,985$21,417,698$63,570,598
80$83,152,595$30,087,757$22,024,351$69,385,948
81$91,519,828$31,447,725$22,647,835$75,769,480
82$100,736,917$32,870,731$23,288,605$82,778,161
83$110,890,435$34,359,749$23,947,125$90,474,725
84$122,075,780$35,917,897$24,623,874$98,928,262
85$134,398,077$37,548,442$25,319,342$108,214,864
86$147,973,171$39,254,806$26,034,030$118,418,339
87$162,928,720$41,040,576$26,768,455$129,630,992
88$179,405,396$42,909,512$27,523,145$141,954,492
89$197,558,219$44,865,550$28,298,643$155,500,825
90$217,558,014$46,912,819$29,095,504$170,393,344
91$239,593,027$49,055,643$29,914,300$186,767,925
92$263,870,701$51,298,554$30,755,613$204,774,242
93$290,619,631$53,646,302$31,620,045$224,577,173
94$320,091,728$56,103,865$32,508,211$246,358,345
95$352,564,588$58,676,458$33,420,740$270,317,844
96$388,344,120$61,369,549$34,358,279$296,676,088
97$427,767,430$64,188,866$35,321,491$325,675,906
98$471,206,002$67,140,415$36,311,055$357,584,812
99$519,069,207$70,230,487$37,327,668$392,697,527
100$571,808,164$73,465,680$38,372,043$431,338,746