Can I retire at age 61 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$990,796
2 years$523,273$513,528$504,083$494,925$486,043$456,168
3 years$345,384$335,596$326,175$317,104$308,366$279,445
4 years$256,456$246,699$237,372$228,455$219,929$192,185
5 years$203,114$193,415$184,210$175,476$167,186$140,695
6 years$167,564$157,938$148,869$140,329$132,289$107,074
7 years$142,181$132,636$123,711$115,372$107,586$83,647
8 years$123,152$113,693$104,917$96,783$89,253$66,575
9 years$108,360$98,991$90,365$82,438$75,164$53,725
10 years$96,533$87,255$78,782$71,062$64,044$43,813
11 years$86,863$77,678$69,359$61,845$55,080$36,024
12 years$78,810$69,720$61,554$54,247$47,731$29,812
13 years$72,002$63,006$54,994$47,892$41,622$24,800
14 years$66,171$57,271$49,413$42,513$36,486$20,718
15 years$61,122$52,318$44,613$37,914$32,125$17,368
16 years$56,709$48,001$40,448$33,948$28,392$14,601
17 years$52,819$44,207$36,806$30,502$25,174$12,303
18 years$49,365$40,849$33,599$27,488$22,384$10,388
19 years$46,278$37,859$30,759$24,838$19,951$8,784
20 years$43,503$35,180$28,229$22,496$17,821$7,439
21 years$40,996$32,769$25,965$20,416$15,948$6,307
22 years$38,720$30,589$23,931$18,563$14,295$5,352
23 years$36,645$28,609$22,096$16,906$12,832$4,546
24 years$34,745$26,805$20,435$15,419$11,534$3,864
25 years$33,000$25,155$18,927$14,082$10,378$3,286
26 years$31,392$23,642$17,554$12,875$9,349$2,796
27 years$29,906$22,249$16,300$11,785$8,428$2,380
28 years$28,528$20,966$15,153$10,798$7,605$2,026
29 years$27,248$19,779$14,101$9,902$6,867$1,726
30 years$26,055$18,679$13,135$9,087$6,205$1,470
31 years$24,942$17,658$12,245$8,346$5,610$1,253
32 years$23,900$16,708$11,425$7,670$5,075$1,068
33 years$22,923$15,822$10,668$7,053$4,592$910
34 years$22,006$14,996$9,967$6,490$4,158$776
35 years$21,143$14,224$9,319$5,974$3,766$662
36 years$20,329$13,500$8,717$5,502$3,412$564
37 years$19,562$12,822$8,159$5,069$3,093$481
38 years$18,837$12,186$7,641$4,673$2,804$410
39 years$18,150$11,587$7,159$4,308$2,543$350
40 years$17,500$11,024$6,710$3,974$2,306$299
41 years$16,882$10,494$6,292$3,666$2,092$255
42 years$16,296$9,994$5,902$3,384$1,898$217
43 years$15,739$9,523$5,538$3,123$1,723$185
44 years$15,208$9,077$5,198$2,884$1,564$158
45 years$14,703$8,656$4,881$2,663$1,420$135
46 years$14,220$8,257$4,584$2,460$1,289$115
47 years$13,760$7,880$4,307$2,273$1,171$98
48 years$13,320$7,522$4,047$2,100$1,063$84
49 years$12,900$7,184$3,804$1,941$965$71
50 years$12,497$6,862$3,577$1,794$877$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,800,000, adding $3,473 every year, while hoping to spend $43,613 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: 26/46/28 Blend
60$12,800,000$12,800,000$12,800,000$12,800,000
61$14,109,182$13,430,782$13,232,382$14,352,430
62$15,501,915$14,042,487$13,629,263$15,164,418
63$17,035,245$14,682,703$14,037,978$16,031,037
64$18,723,466$15,352,782$14,458,877$16,959,974
65$20,582,331$16,054,140$14,892,321$17,956,530
66$22,629,196$16,788,260$15,338,680$19,026,502
67$24,883,187$17,556,697$15,798,339$20,176,229
68$27,365,377$18,361,080$16,271,688$21,412,651
69$30,098,990$19,203,118$16,759,135$22,743,363
70$33,109,616$20,084,599$17,261,094$24,176,681
71$36,425,452$21,007,400$17,777,996$25,721,713
72$40,077,571$21,973,485$18,310,282$27,388,439
73$44,100,213$22,984,916$18,858,406$29,187,794
74$48,531,108$24,043,850$19,422,836$31,131,768
75$53,411,834$25,152,552$20,004,054$33,233,503
76$58,788,206$26,313,392$20,602,555$35,507,415
77$64,710,712$27,528,857$21,218,849$37,969,317
78$71,234,986$28,801,552$21,853,462$40,636,558
79$78,422,335$30,134,209$22,506,933$43,528,179
80$86,340,317$31,529,689$23,179,819$46,665,079
81$95,063,378$32,990,993$23,872,693$50,070,201
82$104,673,557$34,521,266$24,586,142$53,768,739
83$115,261,256$36,123,804$25,320,774$57,788,362
84$126,926,097$37,802,063$26,077,213$62,159,462
85$139,777,859$39,559,665$26,856,100$66,915,425
86$153,937,519$41,400,406$27,658,097$72,092,938
87$169,538,386$43,328,267$28,483,884$77,732,315
88$186,727,368$45,347,418$29,334,161$83,877,862
89$205,666,353$47,462,235$30,209,648$90,578,283
90$226,533,736$49,677,300$31,111,087$97,887,120
91$249,526,110$51,997,420$32,039,241$105,863,238
92$274,860,113$54,427,633$32,994,895$114,571,368
93$302,774,477$56,973,220$33,978,857$124,082,695
94$333,532,284$59,639,718$34,991,958$134,475,508
95$367,423,443$62,432,931$36,035,056$145,835,922
96$404,767,433$65,358,943$37,109,029$158,258,664
97$445,916,314$68,424,134$38,214,784$171,847,948
98$491,258,053$71,635,192$39,353,254$186,718,430
99$541,220,185$74,999,126$40,525,399$202,996,269
100$596,273,849$78,523,289$41,732,205$220,820,289