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%15.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$990,245
2 years$519,185$509,516$500,145$491,059$482,246$459,724
3 years$342,685$332,974$323,627$314,626$305,956$284,087
4 years$254,453$244,771$235,517$226,670$218,211$197,161
5 years$201,527$191,904$182,771$174,105$165,880$145,710
6 years$166,255$156,704$147,706$139,233$131,255$111,986
7 years$141,070$131,600$122,745$114,471$106,746$88,381
8 years$122,190$112,805$104,097$96,027$88,556$71,088
9 years$107,513$98,217$89,659$81,794$74,577$57,994
10 years$95,779$86,574$78,167$70,507$63,543$47,828
11 years$86,184$77,071$68,817$61,362$54,649$39,780
12 years$78,195$69,175$61,073$53,823$47,358$33,312
13 years$71,439$62,514$54,565$47,517$41,297$28,049
14 years$65,654$56,824$49,027$42,181$36,201$23,723
15 years$60,645$51,909$44,264$37,618$31,874$20,139
16 years$56,266$47,626$40,132$33,683$28,170$17,150
17 years$52,406$43,862$36,519$30,264$24,978$14,641
18 years$48,979$40,530$33,337$27,274$22,209$12,527
19 years$45,916$37,563$30,518$24,644$19,795$10,738
20 years$43,163$34,905$28,008$22,320$17,682$9,218
21 years$40,676$32,513$25,762$20,257$15,823$7,924
22 years$38,417$30,350$23,744$18,418$14,183$6,819
23 years$36,358$28,385$21,923$16,774$12,732$5,874
24 years$34,474$26,595$20,275$15,299$11,443$5,064
25 years$32,743$24,958$18,779$13,972$10,297$4,369
26 years$31,147$23,457$17,417$12,775$9,276$3,772
27 years$29,672$22,076$16,173$11,693$8,363$3,258
28 years$28,306$20,802$15,035$10,713$7,546$2,815
29 years$27,035$19,624$13,991$9,824$6,814$2,433
30 years$25,852$18,533$13,032$9,016$6,157$2,104
31 years$24,747$17,520$12,150$8,281$5,566$1,820
32 years$23,713$16,577$11,336$7,610$5,035$1,574
33 years$22,744$15,699$10,584$6,998$4,557$1,362
34 years$21,834$14,879$9,889$6,439$4,126$1,179
35 years$20,977$14,112$9,246$5,927$3,737$1,021
36 years$20,171$13,395$8,649$5,459$3,386$884
37 years$19,409$12,722$8,095$5,030$3,068$765
38 years$18,689$12,090$7,581$4,636$2,782$663
39 years$18,008$11,497$7,103$4,275$2,523$574
40 years$17,363$10,938$6,657$3,943$2,288$497
41 years$16,751$10,412$6,242$3,638$2,076$431
42 years$16,169$9,916$5,856$3,357$1,884$373
43 years$15,616$9,448$5,495$3,099$1,710$323
44 years$15,089$9,006$5,158$2,861$1,552$280
45 years$14,588$8,588$4,843$2,643$1,409$242
46 years$14,109$8,193$4,549$2,441$1,279$210
47 years$13,653$7,818$4,273$2,255$1,161$182
48 years$13,216$7,464$4,016$2,084$1,055$158
49 years$12,799$7,127$3,775$1,926$958$137
50 years$12,400$6,808$3,549$1,780$870$118

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 $6,096 every year, while hoping to spend $33,212 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: 22/48/30 Blend
60$12,700,000$12,700,000$12,700,000$12,700,000
61$14,001,688$13,328,588$13,131,738$14,176,923
62$15,394,523$13,946,352$13,536,314$14,953,428
63$16,928,314$14,593,272$13,953,330$15,780,376
64$18,617,403$15,270,744$14,383,168$16,664,335
65$20,477,595$15,980,228$14,826,221$17,609,994
66$22,526,305$16,723,254$15,282,895$18,622,473
67$24,782,724$17,501,429$15,753,607$19,707,360
68$27,267,997$18,316,434$16,238,788$20,870,764
69$30,005,427$19,170,034$16,738,882$22,119,361
70$33,020,692$20,064,077$17,254,346$23,460,447
71$36,342,088$21,000,502$17,785,652$24,902,006
72$40,000,794$21,981,340$18,333,285$26,452,771
73$44,031,171$23,008,721$18,897,745$28,122,298
74$48,471,080$24,084,878$19,479,550$29,921,053
75$53,362,245$25,212,152$20,079,229$31,860,493
76$58,750,643$26,392,997$20,697,333$33,953,171
77$64,686,940$27,629,984$21,334,424$36,212,841
78$71,226,966$28,925,812$21,991,085$38,654,577
79$78,432,246$30,283,306$22,667,916$41,294,905
80$86,370,579$31,705,432$23,365,536$44,151,946
81$95,116,677$33,195,297$24,084,580$47,245,575
82$104,752,870$34,756,158$24,825,705$50,597,597
83$115,369,885$36,391,432$25,589,588$54,231,937
84$127,067,700$38,104,700$26,376,927$58,174,854
85$139,956,490$39,899,715$27,188,439$62,455,171
86$154,157,666$41,780,415$28,024,865$67,104,535
87$169,805,018$43,750,925$28,886,968$72,157,696
88$187,045,983$45,815,573$29,775,535$77,652,823
89$206,043,033$47,978,897$30,691,375$83,631,840
90$226,975,211$50,245,651$31,635,325$90,140,809
91$250,039,818$52,620,824$32,608,244$97,230,342
92$275,454,279$55,109,643$33,611,019$104,956,058
93$303,458,193$57,717,593$34,644,566$113,379,091
94$334,315,594$60,450,421$35,709,824$122,566,639
95$368,317,447$63,314,154$36,807,766$132,592,581
96$405,784,392$66,315,113$37,939,391$143,538,143
97$447,069,770$69,459,923$39,105,731$155,492,648
98$492,562,961$72,755,534$40,307,847$168,554,323
99$542,693,057$76,209,229$41,546,834$182,831,207
100$597,932,916$79,828,649$42,823,821$198,442,135