Can I retire at age 61 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,012,039
2 years$527,361$517,540$508,021$498,792$489,840$473,137
3 years$348,082$338,218$328,723$319,581$310,775$294,512
4 years$258,460$248,626$239,226$230,240$221,647$205,951
5 years$204,701$194,926$185,649$176,846$168,493$153,409
6 years$168,873$159,172$150,032$141,425$133,322$118,868
7 years$143,292$133,672$124,678$116,274$108,427$94,606
8 years$124,114$114,582$105,736$97,539$89,951$76,760
9 years$109,207$99,764$91,071$83,082$75,751$63,185
10 years$97,287$87,937$79,398$71,617$64,544$52,592
11 years$87,542$78,285$69,900$62,328$55,510$44,159
12 years$79,426$70,265$62,035$54,670$48,104$37,339
13 years$72,564$63,499$55,424$48,266$41,947$31,754
14 years$66,688$57,718$49,799$42,845$36,771$27,131
15 years$61,600$52,727$44,962$38,210$32,376$23,273
16 years$57,152$48,376$40,764$34,213$28,614$20,028
17 years$53,231$44,552$37,094$30,740$25,371$17,284
18 years$49,750$41,168$33,862$27,703$22,559$14,950
19 years$46,639$38,154$30,999$25,032$20,107$12,958
20 years$43,843$35,455$28,449$22,671$17,960$11,250
21 years$41,316$33,025$26,168$20,576$16,072$9,782
22 years$39,022$30,828$24,118$18,708$14,407$8,516
23 years$36,931$28,832$22,268$17,038$12,932$7,422
24 years$35,017$27,014$20,595$15,539$11,624$6,474
25 years$33,258$25,351$19,075$14,192$10,460$5,652
26 years$31,638$23,826$17,691$12,976$9,422$4,938
27 years$30,140$22,423$16,427$11,877$8,494$4,317
28 years$28,751$21,129$15,271$10,882$7,665$3,776
29 years$27,461$19,933$14,211$9,979$6,921$3,305
30 years$26,259$18,825$13,237$9,158$6,254$2,893
31 years$25,136$17,796$12,341$8,411$5,654$2,534
32 years$24,086$16,838$11,514$7,730$5,114$2,219
33 years$23,102$15,946$10,751$7,108$4,628$1,945
34 years$22,178$15,113$10,045$6,540$4,190$1,705
35 years$21,308$14,335$9,391$6,021$3,795$1,494
36 years$20,488$13,606$8,785$5,545$3,439$1,310
37 years$19,715$12,922$8,223$5,109$3,117$1,149
38 years$18,984$12,281$7,700$4,709$2,826$1,008
39 years$18,292$11,678$7,214$4,342$2,562$884
40 years$17,636$11,111$6,762$4,005$2,324$776
41 years$17,014$10,576$6,341$3,695$2,109$681
42 years$16,424$10,072$5,948$3,410$1,913$597
43 years$15,862$9,597$5,581$3,148$1,736$524
44 years$15,327$9,148$5,239$2,907$1,576$460
45 years$14,817$8,723$4,919$2,684$1,431$404
46 years$14,332$8,322$4,620$2,479$1,299$354
47 years$13,868$7,941$4,341$2,291$1,180$311
48 years$13,424$7,581$4,079$2,117$1,071$273
49 years$13,001$7,240$3,834$1,956$973$239
50 years$12,595$6,916$3,605$1,808$884$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,900,000, adding $4,710 every year, while hoping to spend $37,841 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: 84/5/11 Blend
60$12,900,000$12,900,000$12,900,000$12,900,000
61$14,220,658$13,536,958$13,337,008$15,389,564
62$15,630,903$14,160,007$13,743,536$16,778,037
63$17,183,724$14,812,316$14,162,413$18,297,403
64$18,893,625$15,495,281$14,594,015$19,965,232
65$20,776,586$16,210,361$15,038,726$21,796,439
66$22,850,218$16,959,088$15,496,943$23,807,449
67$25,133,924$17,743,068$15,969,075$26,016,356
68$27,649,087$18,563,981$16,455,541$28,443,089
69$30,419,269$19,423,591$16,956,777$31,109,601
70$33,470,434$20,323,746$17,473,229$34,040,073
71$36,831,192$21,266,384$18,005,356$37,261,146
72$40,533,071$22,253,534$18,553,632$40,802,162
73$44,610,812$23,287,325$19,118,547$44,695,449
74$49,102,699$24,369,988$19,700,602$48,976,619
75$54,050,918$25,503,861$20,300,316$53,684,905
76$59,501,958$26,691,396$20,918,223$58,863,531
77$65,507,045$27,935,163$21,554,871$64,560,113
78$72,122,632$29,237,854$22,210,828$70,827,114
79$79,410,926$30,602,294$22,886,676$77,722,331
80$87,440,477$32,031,443$23,583,016$85,309,446
81$96,286,826$33,528,404$24,300,467$93,658,616
82$106,033,216$35,096,430$25,039,667$102,847,143
83$116,771,380$36,738,930$25,801,271$112,960,195
84$128,602,403$38,459,481$26,585,957$124,091,611
85$141,637,682$40,261,829$27,394,420$136,344,781
86$155,999,971$42,149,904$28,227,378$149,833,627
87$171,824,544$44,127,825$29,085,571$164,683,668
88$189,260,469$46,199,910$29,969,760$181,033,209
89$208,472,019$48,370,687$30,880,728$199,034,637
90$229,640,216$50,644,902$31,819,284$218,855,865
91$252,964,547$53,027,531$32,786,259$240,681,908
92$278,664,841$55,523,792$33,782,509$264,716,631
93$306,983,351$58,139,153$34,808,919$291,184,667
94$338,187,031$60,879,350$35,866,396$320,333,537
95$372,570,065$63,750,394$36,955,877$352,435,982
96$410,456,639$66,758,591$38,078,326$387,792,535
97$452,204,003$69,910,549$39,234,737$426,734,356
98$498,205,843$73,213,197$40,426,132$469,626,352
99$548,895,997$76,673,802$41,653,566$516,870,619
100$604,752,551$80,299,981$42,918,123$568,910,235