Can I retire at age 61 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$977,042
2 years$511,009$501,492$492,268$483,326$474,651$454,861
3 years$337,289$327,731$318,530$309,671$301,138$281,901
4 years$250,446$240,917$231,808$223,101$214,774$196,238
5 years$198,353$188,882$179,893$171,363$163,268$145,486
6 years$163,636$154,236$145,380$137,040$129,188$112,179
7 years$138,848$129,527$120,812$112,668$105,065$88,833
8 years$120,266$111,029$102,458$94,515$87,161$71,702
9 years$105,820$96,670$88,247$80,506$73,402$58,705
10 years$94,271$85,210$76,936$69,397$62,543$48,594
11 years$84,827$75,858$67,733$60,396$53,789$40,571
12 years$76,963$68,086$60,111$52,975$46,612$34,107
13 years$70,314$61,530$53,705$46,769$40,647$28,833
14 years$64,620$55,929$48,255$41,516$35,631$24,487
15 years$59,690$51,092$43,567$37,025$31,372$20,874
16 years$55,380$46,876$39,500$33,152$27,727$17,851
17 years$51,581$43,171$35,944$29,787$24,584$15,306
18 years$48,208$39,892$32,812$26,844$21,859$13,153
19 years$45,193$36,971$30,038$24,256$19,484$11,325
20 years$42,484$34,356$27,567$21,968$17,403$9,766
21 years$40,035$32,001$25,356$19,938$15,574$8,434
22 years$37,812$29,872$23,370$18,128$13,960$7,292
23 years$35,786$27,938$21,578$16,509$12,531$6,310
24 years$33,931$26,176$19,956$15,058$11,263$5,466
25 years$32,227$24,565$18,483$13,752$10,135$4,738
26 years$30,657$23,087$17,142$12,574$9,129$4,110
27 years$29,205$21,728$15,918$11,509$8,231$3,567
28 years$27,860$20,474$14,798$10,545$7,427$3,097
29 years$26,609$19,315$13,771$9,670$6,706$2,691
30 years$25,445$18,241$12,827$8,874$6,060$2,338
31 years$24,357$17,244$11,958$8,150$5,478$2,033
32 years$23,340$16,316$11,157$7,490$4,956$1,767
33 years$22,386$15,452$10,418$6,888$4,485$1,537
34 years$21,490$14,645$9,734$6,338$4,061$1,337
35 years$20,647$13,890$9,100$5,834$3,678$1,163
36 years$19,853$13,184$8,513$5,373$3,332$1,012
37 years$19,103$12,522$7,968$4,951$3,020$881
38 years$18,395$11,900$7,462$4,563$2,738$767
39 years$17,725$11,316$6,991$4,207$2,483$667
40 years$17,089$10,766$6,552$3,881$2,252$581
41 years$16,487$10,248$6,144$3,580$2,043$506
42 years$15,914$9,760$5,763$3,304$1,854$440
43 years$15,370$9,299$5,408$3,050$1,683$384
44 years$14,852$8,864$5,077$2,816$1,527$334
45 years$14,358$8,453$4,767$2,601$1,387$291
46 years$13,887$8,064$4,477$2,403$1,259$253
47 years$13,438$7,695$4,206$2,220$1,143$221
48 years$13,008$7,346$3,953$2,051$1,038$192
49 years$12,597$7,015$3,715$1,896$943$167
50 years$12,204$6,701$3,493$1,752$856$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,500,000, adding $6,316 every year, while hoping to spend $38,818 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: 39/37/24 Blend
60$12,500,000$12,500,000$12,500,000$12,500,000
61$13,781,515$13,119,015$12,925,265$14,220,456
62$15,145,927$13,720,545$13,316,959$15,140,634
63$16,648,209$14,350,248$13,720,474$16,130,865
64$18,302,381$15,009,465$14,136,165$17,200,854
65$20,123,895$15,699,600$14,564,397$18,357,876
66$22,129,775$16,422,123$15,005,547$19,609,913
67$24,338,782$17,178,577$15,460,003$20,965,723
68$26,771,588$17,970,578$15,928,164$22,434,916
69$29,450,974$18,799,820$16,410,441$24,028,044
70$32,402,040$19,668,078$16,907,258$25,756,687
71$35,652,448$20,577,214$17,419,051$27,633,565
72$39,232,678$21,529,177$17,946,269$29,672,647
73$43,176,317$22,526,012$18,489,375$31,889,274
74$47,520,377$23,569,863$19,048,845$34,300,306
75$52,305,643$24,662,974$19,625,169$36,924,263
76$57,577,060$25,807,701$20,218,853$39,781,501
77$63,384,153$27,006,511$20,830,418$42,894,392
78$69,781,497$28,261,991$21,460,398$46,287,530
79$76,829,234$29,576,853$22,109,345$49,987,949
80$84,593,636$30,953,939$22,777,828$54,025,378
81$93,147,733$32,396,228$23,466,431$58,432,504
82$102,572,002$33,906,844$24,175,758$63,245,278
83$112,955,128$35,489,061$24,906,427$68,503,239
84$124,394,838$37,146,311$25,659,079$74,249,878
85$136,998,824$38,882,193$26,434,370$80,533,040
86$150,885,761$40,700,477$27,232,979$87,405,361
87$166,186,427$42,605,119$28,055,602$94,924,754
88$183,044,936$44,600,264$28,902,959$103,154,944
89$201,620,100$46,690,256$29,775,787$112,166,055
90$222,086,924$48,879,653$30,674,850$122,035,259
91$244,638,263$51,173,229$31,600,931$132,847,489
92$269,486,642$53,575,993$32,554,838$144,696,228
93$296,866,256$56,093,193$33,537,402$157,684,372
94$327,035,188$58,730,334$34,549,478$171,925,189
95$360,277,841$61,493,184$35,591,950$187,543,367
96$396,907,624$64,387,794$36,665,724$204,676,178
97$437,269,910$67,420,504$37,771,734$223,474,749
98$481,745,298$70,597,966$38,910,944$244,105,472
99$530,753,202$73,927,149$40,084,344$266,751,557
100$584,755,813$77,415,364$41,292,954$291,614,734