Can I retire at age 61 with 12,700,000?

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 $12,700,000?

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$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,006,333
2 years$519,185$509,516$500,145$491,059$482,246$475,808
3 years$342,685$332,974$323,627$314,626$305,956$299,662
4 years$254,453$244,771$235,517$226,670$218,211$212,109
5 years$201,527$191,904$182,771$174,105$165,880$159,989
6 years$166,255$156,704$147,706$139,233$131,255$125,582
7 years$141,070$131,600$122,745$114,471$106,746$101,293
8 years$122,190$112,805$104,097$96,027$88,556$83,323
9 years$107,513$98,217$89,659$81,794$74,577$69,564
10 years$95,779$86,574$78,167$70,507$63,543$58,747
11 years$86,184$77,071$68,817$61,362$54,649$50,067
12 years$78,195$69,175$61,073$53,823$47,358$42,985
13 years$71,439$62,514$54,565$47,517$41,297$37,129
14 years$65,654$56,824$49,027$42,181$36,201$32,233
15 years$60,645$51,909$44,264$37,618$31,874$28,101
16 years$56,266$47,626$40,132$33,683$28,170$24,587
17 years$52,406$43,862$36,519$30,264$24,978$21,578
18 years$48,979$40,530$33,337$27,274$22,209$18,988
19 years$45,916$37,563$30,518$24,644$19,795$16,746
20 years$43,163$34,905$28,008$22,320$17,682$14,798
21 years$40,676$32,513$25,762$20,257$15,823$13,099
22 years$38,417$30,350$23,744$18,418$14,183$11,612
23 years$36,358$28,385$21,923$16,774$12,732$10,308
24 years$34,474$26,595$20,275$15,299$11,443$9,161
25 years$32,743$24,958$18,779$13,972$10,297$8,149
26 years$31,147$23,457$17,417$12,775$9,276$7,256
27 years$29,672$22,076$16,173$11,693$8,363$6,466
28 years$28,306$20,802$15,035$10,713$7,546$5,766
29 years$27,035$19,624$13,991$9,824$6,814$5,145
30 years$25,852$18,533$13,032$9,016$6,157$4,593
31 years$24,747$17,520$12,150$8,281$5,566$4,102
32 years$23,713$16,577$11,336$7,610$5,035$3,666
33 years$22,744$15,699$10,584$6,998$4,557$3,277
34 years$21,834$14,879$9,889$6,439$4,126$2,931
35 years$20,977$14,112$9,246$5,927$3,737$2,621
36 years$20,171$13,395$8,649$5,459$3,386$2,346
37 years$19,409$12,722$8,095$5,030$3,068$2,099
38 years$18,689$12,090$7,581$4,636$2,782$1,879
39 years$18,008$11,497$7,103$4,275$2,523$1,683
40 years$17,363$10,938$6,657$3,943$2,288$1,507
41 years$16,751$10,412$6,242$3,638$2,076$1,350
42 years$16,169$9,916$5,856$3,357$1,884$1,209
43 years$15,616$9,448$5,495$3,099$1,710$1,083
44 years$15,089$9,006$5,158$2,861$1,552$970
45 years$14,588$8,588$4,843$2,643$1,409$870
46 years$14,109$8,193$4,549$2,441$1,279$779
47 years$13,653$7,818$4,273$2,255$1,161$698
48 years$13,216$7,464$4,016$2,084$1,055$626
49 years$12,799$7,127$3,775$1,926$958$561
50 years$12,400$6,808$3,549$1,780$870$503

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,700,000, adding $4,376 every year, while hoping to spend $37,562 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: 45/26/29 Blend
60$12,700,000$12,700,000$12,700,000$12,700,000
61$13,999,914$13,326,814$13,129,964$14,512,251
62$15,387,939$13,939,862$13,529,852$15,490,669
63$16,916,285$14,581,691$13,941,877$16,547,204
64$18,599,222$15,253,670$14,366,407$17,692,375
65$20,452,480$15,957,238$14,803,819$18,934,487
66$22,493,389$16,693,898$15,254,503$20,282,661
67$24,741,045$17,465,229$15,718,859$21,746,919
68$27,216,492$18,272,886$16,197,301$23,338,270
69$29,942,919$19,118,601$16,690,255$25,068,815
70$32,945,876$20,004,193$17,198,158$26,951,851
71$36,253,522$20,931,565$17,721,463$29,001,996
72$39,896,883$21,902,713$18,260,634$31,235,322
73$43,910,151$22,919,732$18,816,151$33,669,497
74$48,331,001$23,984,813$19,388,506$36,323,951
75$53,200,951$25,100,257$19,978,210$39,220,053
76$58,565,752$26,268,474$20,585,784$42,381,305
77$64,475,820$27,491,990$21,211,768$45,833,559
78$70,986,709$28,773,453$21,856,718$49,605,254
79$78,159,642$30,115,641$22,521,207$53,727,678
80$86,062,081$31,521,463$23,205,822$58,235,257
81$94,768,368$32,993,969$23,911,173$63,165,871
82$104,360,427$34,536,360$24,637,883$68,561,205
83$114,928,536$36,151,986$25,386,597$74,467,137
84$126,572,177$37,844,364$26,157,978$80,934,157
85$139,400,978$39,617,177$26,952,710$88,017,841
86$153,535,749$41,474,289$27,771,496$95,779,360
87$169,109,615$43,419,750$28,615,061$104,286,056
88$186,269,283$45,457,804$29,484,153$113,612,060
89$205,176,417$47,592,904$30,379,539$123,838,989
90$226,009,170$49,829,715$31,302,012$135,056,696
91$248,963,864$52,173,129$32,252,388$147,364,119
92$274,256,842$54,628,277$33,231,507$160,870,192
93$302,126,511$57,200,534$34,240,234$175,694,867
94$332,835,595$59,895,539$35,279,461$191,970,235
95$366,673,608$62,719,204$36,350,106$209,841,752
96$403,959,596$65,677,724$37,453,114$229,469,608
97$445,045,140$68,777,598$38,589,459$251,030,216
98$490,317,683$72,025,639$39,760,144$274,717,867
99$540,204,180$75,428,988$40,966,203$300,746,547
100$595,175,133$78,995,136$42,208,698$329,351,939