Can I retire at age 61 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$967,554
2 years$515,097$505,504$496,207$487,192$478,448$441,402
3 years$339,987$330,352$321,079$312,149$303,547$267,808
4 years$252,449$242,844$233,663$224,886$216,493$182,333
5 years$199,940$190,393$181,332$172,734$164,574$132,082
6 years$164,946$155,470$146,543$138,137$130,222$99,421
7 years$139,959$130,563$121,778$113,570$105,905$76,788
8 years$121,228$111,917$103,277$95,271$87,859$60,398
9 years$106,667$97,444$88,953$81,150$73,990$48,148
10 years$95,025$85,892$77,551$69,952$63,043$38,774
11 years$85,506$76,465$68,275$60,879$54,219$31,470
12 years$77,579$68,630$60,592$53,399$46,985$25,700
13 years$70,877$62,022$54,135$47,143$40,972$21,091
14 years$65,137$56,376$48,641$41,849$35,916$17,376
15 years$60,167$51,501$43,916$37,322$31,623$14,361
16 years$55,823$47,251$39,816$33,417$27,949$11,899
17 years$51,993$43,516$36,231$30,025$24,781$9,881
18 years$48,593$40,211$33,074$27,059$22,034$8,219
19 years$45,555$37,267$30,278$24,450$19,640$6,846
20 years$42,823$34,630$27,788$22,144$17,542$5,709
21 years$40,355$32,257$25,559$20,097$15,698$4,766
22 years$38,115$30,111$23,557$18,273$14,071$3,982
23 years$36,072$28,162$21,751$16,642$12,631$3,329
24 years$34,202$26,386$20,116$15,178$11,353$2,785
25 years$32,485$24,762$18,631$13,862$10,216$2,331
26 years$30,902$23,272$17,279$12,674$9,202$1,951
27 years$29,439$21,902$16,045$11,601$8,297$1,634
28 years$28,083$20,638$14,916$10,629$7,486$1,369
29 years$26,822$19,470$13,881$9,747$6,760$1,147
30 years$25,648$18,387$12,930$8,945$6,108$961
31 years$24,552$17,382$12,054$8,216$5,522$806
32 years$23,526$16,447$11,246$7,550$4,995$676
33 years$22,565$15,575$10,501$6,943$4,521$566
34 years$21,662$14,762$9,811$6,388$4,093$475
35 years$20,812$14,001$9,173$5,881$3,707$398
36 years$20,012$13,289$8,581$5,416$3,359$334
37 years$19,256$12,622$8,032$4,990$3,044$280
38 years$18,542$11,995$7,521$4,600$2,760$235
39 years$17,867$11,406$7,047$4,241$2,503$197
40 years$17,226$10,852$6,605$3,912$2,270$165
41 years$16,619$10,330$6,193$3,609$2,060$139
42 years$16,042$9,838$5,810$3,331$1,869$116
43 years$15,493$9,374$5,451$3,075$1,696$98
44 years$14,971$8,935$5,117$2,839$1,540$82
45 years$14,473$8,520$4,805$2,622$1,398$69
46 years$13,998$8,128$4,513$2,422$1,269$58
47 years$13,545$7,757$4,240$2,237$1,152$48
48 years$13,112$7,405$3,984$2,068$1,046$41
49 years$12,698$7,071$3,745$1,911$950$34
50 years$12,302$6,755$3,521$1,766$863$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,600,000, adding $6,687 every year, while hoping to spend $27,409 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: 55/18/27 Blend
60$12,600,000$12,600,000$12,600,000$12,600,000
61$13,892,098$13,224,298$13,028,998$14,552,179
62$15,279,929$13,843,125$13,436,306$15,626,515
63$16,808,400$14,491,357$13,856,341$16,792,597
64$18,491,827$15,170,404$14,289,499$18,062,081
65$20,345,987$15,881,747$14,736,191$19,444,922
66$22,388,263$16,626,938$15,196,838$20,952,068
67$24,637,811$17,407,603$15,671,878$22,595,559
68$27,115,740$18,225,448$16,161,758$24,388,635
69$29,845,312$19,082,261$16,666,943$26,345,863
70$32,852,158$19,979,917$17,187,910$28,483,266
71$36,164,526$20,920,380$17,725,152$30,818,472
72$39,813,540$21,905,712$18,279,178$33,370,878
73$43,833,502$22,938,072$18,850,511$36,161,827
74$48,262,207$24,019,725$19,439,691$39,214,806
75$53,141,307$25,153,047$20,047,276$42,555,665
76$58,516,701$26,340,527$20,673,840$46,212,852
77$64,438,967$27,584,775$21,319,976$50,217,683
78$70,963,841$28,888,529$21,986,295$54,604,625
79$78,152,744$30,254,657$22,673,426$59,411,623
80$86,073,358$31,686,170$23,382,020$64,680,450
81$94,800,269$33,186,221$24,112,747$70,457,095
82$104,415,670$34,758,119$24,866,297$76,792,192
83$115,010,133$36,405,331$25,643,383$83,741,491
84$126,683,469$38,131,495$26,444,739$91,366,379
85$139,545,668$39,940,424$27,271,123$99,734,453
86$153,717,937$41,836,115$28,123,316$108,920,148
87$169,333,844$43,822,762$29,002,124$119,005,438
88$186,540,578$45,904,759$29,908,377$130,080,595
89$205,500,342$48,086,717$30,842,933$142,245,041
90$226,391,879$50,373,469$31,806,673$155,608,270
91$249,412,164$52,770,082$32,800,510$170,290,880
92$274,778,259$55,281,871$33,825,382$186,425,699
93$302,729,367$57,914,408$34,882,258$204,159,030
94$333,529,086$60,673,538$35,972,137$223,652,021
95$367,467,898$63,565,386$37,096,048$245,082,178
96$404,865,912$66,596,378$38,255,054$268,645,030
97$446,075,886$69,773,252$39,450,250$294,555,962
98$491,486,558$73,103,073$40,682,765$323,052,235
99$541,526,313$76,593,249$41,953,763$354,395,219
100$596,667,229$80,251,550$43,264,446$388,872,842