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%14%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,003,781
2 years$523,273$513,528$504,083$494,925$486,043$469,056
3 years$345,384$335,596$326,175$317,104$308,366$291,831
4 years$256,456$246,699$237,372$228,455$219,929$203,973
5 years$203,114$193,415$184,210$175,476$167,186$151,856
6 years$167,564$157,938$148,869$140,329$132,289$117,600
7 years$142,181$132,636$123,711$115,372$107,586$93,545
8 years$123,152$113,693$104,917$96,783$89,253$75,856
9 years$108,360$98,991$90,365$82,438$75,164$62,403
10 years$96,533$87,255$78,782$71,062$64,044$51,909
11 years$86,863$77,678$69,359$61,845$55,080$43,558
12 years$78,810$69,720$61,554$54,247$47,731$36,808
13 years$72,002$63,006$54,994$47,892$41,622$31,281
14 years$66,171$57,271$49,413$42,513$36,486$26,710
15 years$61,122$52,318$44,613$37,914$32,125$22,895
16 years$56,709$48,001$40,448$33,948$28,392$19,690
17 years$52,819$44,207$36,806$30,502$25,174$16,979
18 years$49,365$40,849$33,599$27,488$22,384$14,676
19 years$46,278$37,859$30,759$24,838$19,951$12,711
20 years$43,503$35,180$28,229$22,496$17,821$11,028
21 years$40,996$32,769$25,965$20,416$15,948$9,581
22 years$38,720$30,589$23,931$18,563$14,295$8,335
23 years$36,645$28,609$22,096$16,906$12,832$7,258
24 years$34,745$26,805$20,435$15,419$11,534$6,327
25 years$33,000$25,155$18,927$14,082$10,378$5,519
26 years$31,392$23,642$17,554$12,875$9,349$4,818
27 years$29,906$22,249$16,300$11,785$8,428$4,209
28 years$28,528$20,966$15,153$10,798$7,605$3,678
29 years$27,248$19,779$14,101$9,902$6,867$3,216
30 years$26,055$18,679$13,135$9,087$6,205$2,813
31 years$24,942$17,658$12,245$8,346$5,610$2,462
32 years$23,900$16,708$11,425$7,670$5,075$2,155
33 years$22,923$15,822$10,668$7,053$4,592$1,887
34 years$22,006$14,996$9,967$6,490$4,158$1,652
35 years$21,143$14,224$9,319$5,974$3,766$1,447
36 years$20,329$13,500$8,717$5,502$3,412$1,268
37 years$19,562$12,822$8,159$5,069$3,093$1,111
38 years$18,837$12,186$7,641$4,673$2,804$974
39 years$18,150$11,587$7,159$4,308$2,543$853
40 years$17,500$11,024$6,710$3,974$2,306$748
41 years$16,882$10,494$6,292$3,666$2,092$656
42 years$16,296$9,994$5,902$3,384$1,898$575
43 years$15,739$9,523$5,538$3,123$1,723$504
44 years$15,208$9,077$5,198$2,884$1,564$442
45 years$14,703$8,656$4,881$2,663$1,420$387
46 years$14,220$8,257$4,584$2,460$1,289$340
47 years$13,760$7,880$4,307$2,273$1,171$298
48 years$13,320$7,522$4,047$2,100$1,063$261
49 years$12,900$7,184$3,804$1,941$965$229
50 years$12,497$6,862$3,577$1,794$877$201

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 $2,248 every year, while hoping to spend $42,382 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: 45/35/20 Blend
60$12,800,000$12,800,000$12,800,000$12,800,000
61$14,107,919$13,429,519$13,231,119$14,661,475
62$15,501,832$14,042,471$13,629,267$15,663,367
63$17,036,505$14,684,038$14,039,333$16,744,822
64$18,726,248$15,355,576$14,461,671$17,916,720
65$20,586,835$16,058,508$14,896,646$19,187,481
66$22,635,642$16,794,324$15,344,633$20,566,347
67$24,891,819$17,564,588$15,806,020$22,063,469
68$27,376,467$18,370,936$16,281,205$23,689,993
69$30,112,839$19,215,084$16,770,597$25,458,165
70$33,126,556$20,098,830$17,274,620$27,381,440
71$36,445,851$21,024,060$17,793,706$29,474,598
72$40,101,837$21,992,748$18,328,304$31,753,888
73$44,128,796$23,006,964$18,878,874$34,237,164
74$48,564,508$24,068,879$19,445,891$36,944,057
75$53,450,600$25,180,767$20,029,841$39,896,147
76$58,832,949$26,345,012$20,631,228$43,117,161
77$64,762,104$27,564,112$21,250,568$46,633,192
78$71,293,771$28,840,686$21,888,395$50,472,936
79$78,489,335$30,177,479$22,545,255$54,667,956
80$86,416,440$31,577,368$23,221,714$59,252,969
81$95,149,627$33,043,370$23,918,352$64,266,167
82$104,771,039$34,578,645$24,635,766$69,749,569
83$115,371,194$36,186,507$25,374,573$75,749,408
84$127,049,839$37,870,429$26,135,405$82,316,555
85$139,916,897$39,634,054$26,918,915$89,506,991
86$154,093,495$41,481,198$27,725,773$97,382,324
87$169,713,116$43,415,861$28,556,671$106,010,361
88$186,922,854$45,442,238$29,412,320$115,465,732
89$205,884,804$47,564,727$30,293,452$125,830,587
90$226,777,591$49,787,936$31,200,820$137,195,353
91$249,798,057$52,116,697$32,135,199$149,659,579
92$275,163,120$54,556,075$33,097,389$163,332,859
93$303,111,817$57,111,381$34,088,210$178,335,853
94$333,907,565$59,788,183$35,108,508$194,801,407
95$367,840,648$62,592,315$36,159,155$212,875,796
96$405,230,953$65,529,897$37,241,045$232,720,084
97$446,430,991$68,607,343$38,355,101$254,511,627
98$491,829,227$71,831,378$39,502,272$278,445,730
99$541,853,745$75,209,052$40,683,535$304,737,471
100$596,976,289$78,747,757$41,899,895$333,623,710