Can I retire at age 61 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,007,465$998,491$989,735$981,190$972,845$944,733
2 years$498,745$489,456$480,454$471,726$463,260$435,160
3 years$329,194$319,865$310,886$302,239$293,911$266,705
4 years$244,435$235,135$226,245$217,746$209,620$183,516
5 years$193,593$184,348$175,575$167,250$159,350$134,419
6 years$159,709$150,534$141,891$133,751$126,088$102,353
7 years$135,516$126,419$117,912$109,964$102,543$80,005
8 years$117,379$108,364$99,999$92,246$85,069$63,714
9 years$103,281$94,350$86,129$78,573$71,641$51,447
10 years$92,008$83,165$75,089$67,731$61,042$41,982
11 years$82,791$74,037$66,107$58,946$52,498$34,541
12 years$75,116$66,452$58,669$51,704$45,493$28,604
13 years$68,627$60,053$52,416$45,647$39,671$23,811
14 years$63,069$54,586$47,096$40,520$34,776$19,905
15 years$58,257$49,866$42,522$36,137$30,619$16,698
16 years$54,051$45,751$38,552$32,357$27,061$14,048
17 years$50,343$42,135$35,081$29,072$23,994$11,846
18 years$47,051$38,934$32,024$26,200$21,335$10,009
19 years$44,109$36,084$29,317$23,674$19,016$8,471
20 years$41,464$33,531$26,906$21,441$16,986$7,179
21 years$39,074$31,233$24,748$19,459$15,200$6,091
22 years$36,905$29,155$22,809$17,693$13,625$5,173
23 years$34,927$27,268$21,060$16,113$12,230$4,397
24 years$33,116$25,548$19,477$14,696$10,993$3,740
25 years$31,453$23,976$18,040$13,421$9,892$3,183
26 years$29,921$22,533$16,731$12,272$8,910$2,711
27 years$28,504$21,206$15,536$11,233$8,033$2,309
28 years$27,191$19,983$14,443$10,292$7,249$1,968
29 years$25,971$18,851$13,440$9,438$6,545$1,677
30 years$24,834$17,803$12,519$8,661$5,914$1,430
31 years$23,772$16,830$11,671$7,955$5,347$1,220
32 years$22,779$15,925$10,889$7,311$4,837$1,041
33 years$21,848$15,081$10,167$6,723$4,377$888
34 years$20,974$14,293$9,500$6,186$3,963$758
35 years$20,152$13,557$8,882$5,694$3,590$646
36 years$19,376$12,867$8,309$5,244$3,252$552
37 years$18,645$12,221$7,777$4,832$2,948$471
38 years$17,954$11,614$7,283$4,454$2,672$402
39 years$17,299$11,044$6,823$4,106$2,423$343
40 years$16,679$10,508$6,395$3,788$2,198$293
41 years$16,091$10,002$5,997$3,495$1,994$250
42 years$15,532$9,526$5,625$3,225$1,809$214
43 years$15,001$9,076$5,278$2,977$1,642$182
44 years$14,495$8,651$4,955$2,749$1,491$156
45 years$14,013$8,250$4,652$2,539$1,353$133
46 years$13,554$7,870$4,370$2,345$1,229$113
47 years$13,115$7,511$4,105$2,166$1,116$97
48 years$12,696$7,170$3,858$2,002$1,013$83
49 years$12,295$6,847$3,626$1,850$920$71
50 years$11,911$6,540$3,409$1,710$836$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,200,000, adding $6,757 every year, while hoping to spend $21,419 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: 50/34/16 Blend
60$12,200,000$12,200,000$12,200,000$12,200,000
61$13,451,370$12,804,770$12,615,670$14,064,272
62$14,800,620$13,409,414$13,015,505$15,091,651
63$16,286,776$14,042,968$13,428,017$16,204,752
64$17,923,779$14,706,825$13,853,608$17,413,941
65$19,726,992$15,402,448$14,292,692$18,728,276
66$21,713,346$16,131,368$14,745,697$20,157,700
67$23,901,495$16,895,193$15,213,066$21,713,139
68$26,311,997$17,695,606$15,695,253$23,406,596
69$28,967,505$18,534,376$16,192,728$25,251,263
70$31,892,983$19,413,353$16,705,977$27,261,633
71$35,115,940$20,334,480$17,235,500$29,453,641
72$38,666,689$21,299,793$17,781,813$31,844,800
73$42,578,637$22,311,427$18,345,449$34,454,366
74$46,888,592$23,371,622$18,926,956$37,303,513
75$51,637,122$24,482,725$19,526,903$40,415,522
76$56,868,928$25,647,198$20,145,873$43,815,999
77$62,633,269$26,867,622$20,784,471$47,533,107
78$68,984,431$28,146,703$21,443,318$51,597,825
79$75,982,231$29,487,280$22,123,058$56,044,231
80$83,692,591$30,892,329$22,824,353$60,909,819
81$92,188,154$32,364,971$23,547,887$66,235,842
82$101,548,969$33,908,479$24,294,364$72,067,690
83$111,863,253$35,526,283$25,064,515$78,455,316
84$123,228,217$37,221,983$25,859,088$85,453,691
85$135,750,986$38,999,352$26,678,859$93,123,314
86$149,549,614$40,862,347$27,524,628$101,530,777
87$164,754,190$42,815,117$28,397,218$110,749,376
88$181,508,074$44,862,015$29,297,482$120,859,794
89$199,969,247$47,007,602$30,226,296$131,950,851
90$220,311,800$49,256,665$31,184,568$144,120,330
91$242,727,584$51,614,222$32,173,231$157,475,883
92$267,428,012$54,085,534$33,193,249$172,136,036
93$294,646,064$56,676,120$34,245,618$188,231,294
94$324,638,480$59,391,767$35,331,363$205,905,354
95$357,688,186$62,238,544$36,451,544$225,316,448
96$394,106,964$65,222,815$37,607,254$246,638,819
97$434,238,396$68,351,256$38,799,619$270,064,347
98$478,461,109$71,630,864$40,029,803$295,804,346
99$527,192,347$75,068,980$41,299,005$324,091,532
100$580,891,908$78,673,303$42,608,465$355,182,205