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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,000,147
2 years$527,361$517,540$508,021$498,792$489,840$461,322
3 years$348,082$338,218$328,723$319,581$310,775$283,149
4 years$258,460$248,626$239,226$230,240$221,647$195,126
5 years$204,701$194,926$185,649$176,846$168,493$143,149
6 years$168,873$159,172$150,032$141,425$133,322$109,180
7 years$143,292$133,672$124,678$116,274$108,427$85,486
8 years$124,114$114,582$105,736$97,539$89,951$68,200
9 years$109,207$99,764$91,071$83,082$75,751$55,169
10 years$97,287$87,937$79,398$71,617$64,544$45,104
11 years$87,542$78,285$69,900$62,328$55,510$37,181
12 years$79,426$70,265$62,035$54,670$48,104$30,851
13 years$72,564$63,499$55,424$48,266$41,947$25,734
14 years$66,688$57,718$49,799$42,845$36,771$21,557
15 years$61,600$52,727$44,962$38,210$32,376$18,122
16 years$57,152$48,376$40,764$34,213$28,614$15,279
17 years$53,231$44,552$37,094$30,740$25,371$12,912
18 years$49,750$41,168$33,862$27,703$22,559$10,934
19 years$46,639$38,154$30,999$25,032$20,107$9,275
20 years$43,843$35,455$28,449$22,671$17,960$7,878
21 years$41,316$33,025$26,168$20,576$16,072$6,700
22 years$39,022$30,828$24,118$18,708$14,407$5,703
23 years$36,931$28,832$22,268$17,038$12,932$4,859
24 years$35,017$27,014$20,595$15,539$11,624$4,143
25 years$33,258$25,351$19,075$14,192$10,460$3,535
26 years$31,638$23,826$17,691$12,976$9,422$3,017
27 years$30,140$22,423$16,427$11,877$8,494$2,576
28 years$28,751$21,129$15,271$10,882$7,665$2,201
29 years$27,461$19,933$14,211$9,979$6,921$1,881
30 years$26,259$18,825$13,237$9,158$6,254$1,608
31 years$25,136$17,796$12,341$8,411$5,654$1,375
32 years$24,086$16,838$11,514$7,730$5,114$1,176
33 years$23,102$15,946$10,751$7,108$4,628$1,005
34 years$22,178$15,113$10,045$6,540$4,190$860
35 years$21,308$14,335$9,391$6,021$3,795$736
36 years$20,488$13,606$8,785$5,545$3,439$630
37 years$19,715$12,922$8,223$5,109$3,117$539
38 years$18,984$12,281$7,700$4,709$2,826$461
39 years$18,292$11,678$7,214$4,342$2,562$395
40 years$17,636$11,111$6,762$4,005$2,324$338
41 years$17,014$10,576$6,341$3,695$2,109$289
42 years$16,424$10,072$5,948$3,410$1,913$247
43 years$15,862$9,597$5,581$3,148$1,736$212
44 years$15,327$9,148$5,239$2,907$1,576$181
45 years$14,817$8,723$4,919$2,684$1,431$155
46 years$14,332$8,322$4,620$2,479$1,299$133
47 years$13,868$7,941$4,341$2,291$1,180$114
48 years$13,424$7,581$4,079$2,117$1,071$97
49 years$13,001$7,240$3,834$1,956$973$83
50 years$12,595$6,916$3,605$1,808$884$71

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 $3,093 every year, while hoping to spend $32,618 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: 46/26/28 Blend
60$12,900,000$12,900,000$12,900,000$12,900,000
61$14,218,990$13,535,290$13,335,340$14,758,266
62$15,634,622$14,163,814$13,747,369$15,769,151
63$17,193,555$14,822,043$14,172,107$16,861,917
64$18,910,372$15,511,397$14,609,947$18,047,000
65$20,801,140$16,233,366$15,061,291$19,333,068
66$22,883,567$16,989,512$15,526,555$20,729,644
67$25,177,164$17,781,471$16,006,168$22,247,189
68$27,703,432$18,610,960$16,500,571$23,897,198
69$30,486,062$19,479,776$17,010,220$25,692,303
70$33,551,161$20,389,807$17,535,584$27,646,389
71$36,927,500$21,343,028$18,077,146$29,774,718
72$40,646,781$22,341,512$18,635,406$32,094,071
73$44,743,937$23,387,430$19,210,877$34,622,898
74$49,257,465$24,483,061$19,804,088$37,381,488
75$54,229,787$25,630,792$20,415,585$40,392,154
76$59,707,650$26,833,125$21,045,932$43,679,439
77$65,742,568$28,092,686$21,695,708$47,270,341
78$72,391,306$29,412,223$22,365,510$51,194,558
79$79,716,420$30,794,623$23,055,956$55,484,765
80$87,786,843$32,242,908$23,767,679$60,176,915
81$96,678,539$33,760,248$24,501,334$65,310,570
82$106,475,217$35,349,968$25,257,596$70,929,266
83$117,269,124$37,015,551$26,037,160$77,080,914
84$129,161,912$38,760,650$26,840,742$83,818,250
85$142,265,602$40,589,097$27,669,082$91,199,318
86$156,703,637$42,504,906$28,522,940$99,288,008
87$172,612,050$44,512,289$29,403,101$108,154,654
88$190,140,748$46,615,660$30,310,373$117,876,685
89$209,454,925$48,819,648$31,245,591$128,539,346
90$230,736,621$51,129,105$32,209,613$140,236,488
91$254,186,446$53,549,120$33,203,324$153,071,448
92$280,025,466$56,085,029$34,227,637$167,158,009
93$308,497,293$58,742,426$35,283,493$182,621,461
94$339,870,388$61,527,175$36,371,861$199,599,772
95$374,440,589$64,445,428$37,493,740$218,244,876
96$412,533,908$67,503,634$38,650,159$238,724,091
97$454,509,608$70,708,553$39,842,181$261,221,686
98$500,763,593$74,067,276$41,070,898$285,940,604
99$551,732,144$77,587,238$42,337,439$313,104,359
100$607,896,045$81,276,234$43,642,965$342,959,130