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%11.5%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$998,410
2 years$515,097$505,504$496,207$487,192$478,448$472,061
3 years$339,987$330,352$321,079$312,149$303,547$297,303
4 years$252,449$242,844$233,663$224,886$216,493$210,439
5 years$199,940$190,393$181,332$172,734$164,574$158,729
6 years$164,946$155,470$146,543$138,137$130,222$124,593
7 years$139,959$130,563$121,778$113,570$105,905$100,495
8 years$121,228$111,917$103,277$95,271$87,859$82,667
9 years$106,667$97,444$88,953$81,150$73,990$69,016
10 years$95,025$85,892$77,551$69,952$63,043$58,284
11 years$85,506$76,465$68,275$60,879$54,219$49,672
12 years$77,579$68,630$60,592$53,399$46,985$42,646
13 years$70,877$62,022$54,135$47,143$40,972$36,837
14 years$65,137$56,376$48,641$41,849$35,916$31,979
15 years$60,167$51,501$43,916$37,322$31,623$27,880
16 years$55,823$47,251$39,816$33,417$27,949$24,394
17 years$51,993$43,516$36,231$30,025$24,781$21,408
18 years$48,593$40,211$33,074$27,059$22,034$18,838
19 years$45,555$37,267$30,278$24,450$19,640$16,614
20 years$42,823$34,630$27,788$22,144$17,542$14,681
21 years$40,355$32,257$25,559$20,097$15,698$12,996
22 years$38,115$30,111$23,557$18,273$14,071$11,521
23 years$36,072$28,162$21,751$16,642$12,631$10,227
24 years$34,202$26,386$20,116$15,178$11,353$9,089
25 years$32,485$24,762$18,631$13,862$10,216$8,085
26 years$30,902$23,272$17,279$12,674$9,202$7,199
27 years$29,439$21,902$16,045$11,601$8,297$6,415
28 years$28,083$20,638$14,916$10,629$7,486$5,720
29 years$26,822$19,470$13,881$9,747$6,760$5,104
30 years$25,648$18,387$12,930$8,945$6,108$4,557
31 years$24,552$17,382$12,054$8,216$5,522$4,070
32 years$23,526$16,447$11,246$7,550$4,995$3,637
33 years$22,565$15,575$10,501$6,943$4,521$3,251
34 years$21,662$14,762$9,811$6,388$4,093$2,908
35 years$20,812$14,001$9,173$5,881$3,707$2,601
36 years$20,012$13,289$8,581$5,416$3,359$2,327
37 years$19,256$12,622$8,032$4,990$3,044$2,083
38 years$18,542$11,995$7,521$4,600$2,760$1,864
39 years$17,867$11,406$7,047$4,241$2,503$1,669
40 years$17,226$10,852$6,605$3,912$2,270$1,495
41 years$16,619$10,330$6,193$3,609$2,060$1,339
42 years$16,042$9,838$5,810$3,331$1,869$1,199
43 years$15,493$9,374$5,451$3,075$1,696$1,075
44 years$14,971$8,935$5,117$2,839$1,540$963
45 years$14,473$8,520$4,805$2,622$1,398$863
46 years$13,998$8,128$4,513$2,422$1,269$773
47 years$13,545$7,757$4,240$2,237$1,152$693
48 years$13,112$7,405$3,984$2,068$1,046$621
49 years$12,698$7,071$3,745$1,911$950$557
50 years$12,302$6,755$3,521$1,766$863$499

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 $3,971 every year, while hoping to spend $31,932 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: 49/36/15 Blend
60$12,600,000$12,600,000$12,600,000$12,600,000
61$13,889,296$13,221,496$13,026,196$14,511,996
62$15,272,029$13,835,374$13,428,598$15,555,617
63$16,794,730$14,478,262$13,843,411$16,685,010
64$18,471,643$15,151,547$14,271,015$17,911,138
65$20,318,462$15,856,684$14,711,806$19,243,088
66$22,352,483$16,595,199$15,166,189$20,690,837
67$24,592,762$17,368,689$15,634,582$22,265,344
68$27,060,299$18,178,831$16,117,416$23,978,649
69$29,778,236$19,027,381$16,615,136$25,843,980
70$32,772,073$19,916,179$17,128,200$27,875,872
71$36,069,910$20,847,157$17,657,080$30,090,302
72$39,702,712$21,822,339$18,202,263$32,504,830
73$43,704,599$22,843,844$18,764,250$35,138,758
74$48,113,174$23,913,899$19,343,558$38,013,313
75$52,969,871$25,034,833$19,940,721$41,151,829
76$58,320,350$26,209,091$20,556,286$44,579,972
77$64,214,925$27,439,236$21,190,821$48,325,965
78$70,709,042$28,727,953$21,844,909$52,420,854
79$77,863,801$30,078,060$22,519,150$56,898,787
80$85,746,533$31,492,509$23,214,166$61,797,334
81$94,431,433$32,974,396$23,930,594$67,157,826
82$104,000,264$34,526,966$24,669,093$73,025,741
83$114,543,125$36,153,621$25,430,342$79,451,123
84$126,159,306$37,857,931$26,215,040$86,489,041
85$138,958,219$39,643,633$27,023,909$94,200,099
86$153,060,438$41,514,652$27,857,690$102,651,002
87$168,598,830$43,475,097$28,717,150$111,915,167
88$185,719,814$45,529,280$29,603,078$122,073,408
89$204,584,741$47,681,721$30,516,287$133,214,684
90$225,371,419$49,937,160$31,457,617$145,436,927
91$248,275,787$52,300,564$32,427,931$158,847,952
92$273,513,770$54,777,144$33,428,119$173,566,459
93$301,323,314$57,372,364$34,459,100$189,723,140
94$331,966,632$60,091,949$35,521,820$207,461,894
95$365,732,681$62,941,908$36,617,253$226,941,173
96$402,939,889$65,928,536$37,746,406$248,335,455
97$443,939,160$69,058,436$38,910,313$271,836,875
98$489,117,188$72,338,533$40,110,042$297,657,020
99$538,900,106$75,776,086$41,346,693$326,028,907
100$593,757,510$79,378,708$42,621,401$357,209,159