Can I retire at age 61 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$995,907
2 years$515,097$505,504$496,207$487,192$478,448$469,546
3 years$339,987$330,352$321,079$312,149$303,547$294,853
4 years$252,449$242,844$233,663$224,886$216,493$208,073
5 years$199,940$190,393$181,332$172,734$164,574$156,454
6 years$164,946$155,470$146,543$138,137$130,222$122,412
7 years$139,959$130,563$121,778$113,570$105,905$98,409
8 years$121,228$111,917$103,277$95,271$87,859$80,675
9 years$106,667$97,444$88,953$81,150$73,990$67,117
10 years$95,025$85,892$77,551$69,952$63,043$56,477
11 years$85,506$76,465$68,275$60,879$54,219$47,955
12 years$77,579$68,630$60,592$53,399$46,985$41,017
13 years$70,877$62,022$54,135$47,143$40,972$35,293
14 years$65,137$56,376$48,641$41,849$35,916$30,519
15 years$60,167$51,501$43,916$37,322$31,623$26,500
16 years$55,823$47,251$39,816$33,417$27,949$23,092
17 years$51,993$43,516$36,231$30,025$24,781$20,182
18 years$48,593$40,211$33,074$27,059$22,034$17,684
19 years$45,555$37,267$30,278$24,450$19,640$15,529
20 years$42,823$34,630$27,788$22,144$17,542$13,663
21 years$40,355$32,257$25,559$20,097$15,698$12,041
22 years$38,115$30,111$23,557$18,273$14,071$10,626
23 years$36,072$28,162$21,751$16,642$12,631$9,390
24 years$34,202$26,386$20,116$15,178$11,353$8,307
25 years$32,485$24,762$18,631$13,862$10,216$7,355
26 years$30,902$23,272$17,279$12,674$9,202$6,518
27 years$29,439$21,902$16,045$11,601$8,297$5,781
28 years$28,083$20,638$14,916$10,629$7,486$5,130
29 years$26,822$19,470$13,881$9,747$6,760$4,556
30 years$25,648$18,387$12,930$8,945$6,108$4,047
31 years$24,552$17,382$12,054$8,216$5,522$3,598
32 years$23,526$16,447$11,246$7,550$4,995$3,199
33 years$22,565$15,575$10,501$6,943$4,521$2,845
34 years$21,662$14,762$9,811$6,388$4,093$2,532
35 years$20,812$14,001$9,173$5,881$3,707$2,253
36 years$20,012$13,289$8,581$5,416$3,359$2,006
37 years$19,256$12,622$8,032$4,990$3,044$1,786
38 years$18,542$11,995$7,521$4,600$2,760$1,591
39 years$17,867$11,406$7,047$4,241$2,503$1,417
40 years$17,226$10,852$6,605$3,912$2,270$1,263
41 years$16,619$10,330$6,193$3,609$2,060$1,125
42 years$16,042$9,838$5,810$3,331$1,869$1,003
43 years$15,493$9,374$5,451$3,075$1,696$894
44 years$14,971$8,935$5,117$2,839$1,540$797
45 years$14,473$8,520$4,805$2,622$1,398$710
46 years$13,998$8,128$4,513$2,422$1,269$633
47 years$13,545$7,757$4,240$2,237$1,152$564
48 years$13,112$7,405$3,984$2,068$1,046$503
49 years$12,698$7,071$3,745$1,911$950$449
50 years$12,302$6,755$3,521$1,766$863$400

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,600,000, adding $5,593 every year, while hoping to spend $22,479 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: 59/29/12 Blend
60$12,600,000$12,600,000$12,600,000$12,600,000
61$13,890,969$13,223,169$13,027,869$14,669,515
62$15,283,931$13,847,187$13,440,385$15,818,511
63$16,818,221$14,501,028$13,865,967$17,067,820
64$18,508,231$15,186,131$14,305,029$18,429,560
65$20,369,821$15,904,001$14,757,998$19,914,552
66$22,420,466$16,656,221$15,225,315$21,534,694
67$24,679,424$17,444,446$15,707,433$23,303,069
68$27,167,917$18,270,415$16,204,823$25,234,060
69$29,909,327$19,135,949$16,717,968$27,343,486
70$32,929,426$20,042,958$17,247,367$29,648,744
71$36,256,609$20,993,444$17,793,536$32,168,971
72$39,922,169$21,989,509$18,357,005$34,925,217
73$43,960,589$23,033,353$18,938,323$37,940,640
74$48,409,867$24,127,286$19,538,055$41,240,720
75$53,311,879$25,273,728$20,156,786$44,853,490
76$58,712,769$26,475,219$20,795,116$48,809,800
77$64,663,387$27,734,420$21,453,667$53,143,599
78$71,219,767$29,054,122$22,133,081$57,892,248
79$78,443,661$30,437,252$22,834,017$63,096,868
80$86,403,116$31,886,878$23,557,158$68,802,722
81$95,173,119$33,406,220$24,303,207$75,059,629
82$104,836,304$34,998,652$25,072,891$81,922,435
83$115,483,732$36,667,711$25,866,959$89,451,515
84$127,215,754$38,417,110$26,686,183$97,713,338
85$140,142,951$40,250,738$27,531,360$106,781,087
86$154,387,184$42,172,677$28,403,313$116,735,336
87$170,082,744$44,187,205$29,302,891$127,664,805
88$187,377,614$46,298,809$30,230,968$139,667,183
89$206,434,874$48,512,194$31,188,449$152,850,045
90$227,434,234$50,832,294$32,176,265$167,331,852
91$250,573,734$53,264,284$33,195,377$183,243,058
92$276,071,610$55,813,589$34,246,777$200,727,332
93$304,168,359$58,485,900$35,331,490$219,942,896
94$335,129,006$61,287,183$36,450,569$241,064,010
95$369,245,607$64,223,697$37,605,105$264,282,604
96$406,840,004$67,302,004$38,796,222$289,810,067
97$448,266,867$70,528,985$40,025,078$317,879,237
98$493,917,040$73,911,857$41,292,870$348,746,577
99$544,221,229$77,458,190$42,600,832$382,694,578
100$599,654,072$81,175,918$43,950,238$420,034,413