Can I retire at age 61 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,014,836
2 years$539,626$529,576$519,835$510,392$501,232$463,607
3 years$356,177$346,083$336,368$327,013$318,002$281,686
4 years$264,470$254,408$244,790$235,594$226,802$192,072
5 years$209,461$199,459$189,967$180,959$172,411$139,358
6 years$172,800$162,873$153,521$144,714$136,423$105,071
7 years$146,624$136,781$127,577$118,978$110,948$81,291
8 years$127,001$117,246$108,195$99,807$92,042$64,054
9 years$111,746$102,084$93,189$85,014$77,513$51,156
10 years$99,550$89,982$81,244$73,283$66,045$41,275
11 years$89,578$80,106$71,526$63,778$56,801$33,566
12 years$81,273$71,899$63,477$55,942$49,222$27,466
13 years$74,252$64,975$56,713$49,388$42,923$22,586
14 years$68,239$59,061$50,957$43,841$37,626$18,647
15 years$63,032$53,953$46,007$39,099$33,129$15,444
16 years$58,481$49,501$41,712$35,009$29,279$12,825
17 years$54,469$45,589$37,956$31,455$25,961$10,673
18 years$50,907$42,126$34,649$28,347$23,083$8,898
19 years$47,724$39,042$31,720$25,614$20,575$7,429
20 years$44,863$36,280$29,111$23,199$18,378$6,210
21 years$42,277$33,793$26,776$21,054$16,446$5,196
22 years$39,930$31,544$24,679$19,143$14,742$4,351
23 years$37,790$29,503$22,786$17,434$13,233$3,646
24 years$35,831$27,642$21,073$15,901$11,894$3,057
25 years$34,032$25,941$19,518$14,522$10,703$2,565
26 years$32,373$24,380$18,102$13,278$9,641$2,153
27 years$30,841$22,945$16,809$12,153$8,692$1,807
28 years$29,420$21,621$15,627$11,135$7,843$1,518
29 years$28,100$20,397$14,542$10,211$7,082$1,275
30 years$26,869$19,262$13,545$9,371$6,399$1,071
31 years$25,721$18,209$12,628$8,607$5,785$900
32 years$24,647$17,230$11,782$7,910$5,233$756
33 years$23,639$16,317$11,001$7,274$4,736$636
34 years$22,693$15,465$10,279$6,693$4,288$534
35 years$21,803$14,668$9,610$6,161$3,884$449
36 years$20,965$13,922$8,990$5,674$3,519$378
37 years$20,173$13,223$8,414$5,228$3,189$318
38 years$19,425$12,566$7,880$4,819$2,891$267
39 years$18,717$11,949$7,382$4,443$2,622$225
40 years$18,046$11,369$6,919$4,098$2,378$189
41 years$17,410$10,822$6,488$3,781$2,158$159
42 years$16,806$10,307$6,086$3,489$1,958$134
43 years$16,231$9,820$5,711$3,221$1,777$112
44 years$15,683$9,361$5,361$2,974$1,613$94
45 years$15,162$8,926$5,034$2,747$1,464$79
46 years$14,665$8,515$4,728$2,537$1,329$67
47 years$14,190$8,126$4,442$2,344$1,207$56
48 years$13,737$7,757$4,174$2,166$1,096$47
49 years$13,303$7,408$3,923$2,002$996$40
50 years$12,888$7,076$3,688$1,850$904$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,200,000, adding $3,174 every year, while hoping to spend $59,256 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: 56/32/12 Blend
60$13,200,000$13,200,000$13,200,000$13,200,000
61$14,549,674$13,850,074$13,645,474$15,320,148
62$15,970,693$14,465,680$14,039,549$16,457,702
63$17,534,670$15,109,464$14,444,840$17,689,385
64$19,256,123$15,782,745$14,861,660$19,029,587
65$21,151,052$16,486,904$15,290,330$20,488,684
66$23,237,084$17,223,387$15,731,181$22,078,080
67$25,533,643$17,993,710$16,184,552$23,810,314
68$28,062,132$18,799,459$16,650,792$25,699,170
69$30,846,135$19,642,297$17,130,258$27,759,805
70$33,911,638$20,523,967$17,623,319$30,008,887
71$37,287,277$21,446,294$18,130,353$32,464,746
72$41,004,607$22,411,189$18,651,746$35,147,545
73$45,098,395$23,420,656$19,187,899$38,079,463
74$49,606,957$24,476,793$19,739,218$41,284,900
75$54,572,510$25,581,800$20,306,126$44,790,700
76$60,041,577$26,737,980$20,889,053$48,626,400
77$66,065,424$27,947,746$21,488,442$52,824,503
78$72,700,540$29,213,629$22,104,748$57,420,775
79$80,009,177$30,538,278$22,738,438$62,454,579
80$88,059,929$31,924,470$23,389,992$67,969,241
81$96,928,387$33,375,115$24,059,902$74,012,445
82$106,697,848$34,893,261$24,748,674$80,636,683
83$117,460,102$36,482,103$25,456,828$87,899,736
84$129,316,295$38,144,990$26,184,895$95,865,215
85$142,377,892$39,885,429$26,933,423$104,603,152
86$156,767,718$41,707,096$27,702,974$114,190,650
87$172,621,126$43,613,844$28,494,124$124,712,602
88$190,087,269$45,609,711$29,307,465$136,262,483
89$209,330,510$47,698,927$30,143,606$148,943,220
90$230,531,974$49,885,926$31,003,168$162,868,154
91$253,891,254$52,175,355$31,886,793$178,162,100
92$279,628,299$54,572,085$32,795,138$194,962,507
93$307,985,487$57,081,218$33,728,876$213,420,750
94$339,229,914$59,708,105$34,688,701$233,703,540
95$373,655,915$62,458,351$35,675,321$255,994,489
96$411,587,840$65,337,833$36,689,467$280,495,822
97$453,383,122$68,352,708$37,731,886$307,430,278
98$499,435,641$71,509,432$38,803,345$337,043,192
99$550,179,453$74,814,770$39,904,633$369,604,797
100$606,092,876$78,275,813$41,036,557$405,412,753