Can I retire at age 61 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,006,684
2 years$523,273$513,528$504,083$494,925$486,043$471,957
3 years$345,384$335,596$326,175$317,104$308,366$294,637
4 years$256,456$246,699$237,372$228,455$219,929$206,664
5 years$203,114$193,415$184,210$175,476$167,186$154,424
6 years$167,564$157,938$148,869$140,329$132,289$120,044
7 years$142,181$132,636$123,711$115,372$107,586$95,863
8 years$123,152$113,693$104,917$96,783$89,253$78,050
9 years$108,360$98,991$90,365$82,438$75,164$64,476
10 years$96,533$87,255$78,782$71,062$64,044$53,862
11 years$86,863$77,678$69,359$61,845$55,080$45,396
12 years$78,810$69,720$61,554$54,247$47,731$38,533
13 years$72,002$63,006$54,994$47,892$41,622$32,898
14 years$66,171$57,271$49,413$42,513$36,486$28,222
15 years$61,122$52,318$44,613$37,914$32,125$24,308
16 years$56,709$48,001$40,448$33,948$28,392$21,007
17 years$52,819$44,207$36,806$30,502$25,174$18,206
18 years$49,365$40,849$33,599$27,488$22,384$15,816
19 years$46,278$37,859$30,759$24,838$19,951$13,769
20 years$43,503$35,180$28,229$22,496$17,821$12,007
21 years$40,996$32,769$25,965$20,416$15,948$10,487
22 years$38,720$30,589$23,931$18,563$14,295$9,172
23 years$36,645$28,609$22,096$16,906$12,832$8,031
24 years$34,745$26,805$20,435$15,419$11,534$7,038
25 years$33,000$25,155$18,927$14,082$10,378$6,174
26 years$31,392$23,642$17,554$12,875$9,349$5,420
27 years$29,906$22,249$16,300$11,785$8,428$4,761
28 years$28,528$20,966$15,153$10,798$7,605$4,185
29 years$27,248$19,779$14,101$9,902$6,867$3,680
30 years$26,055$18,679$13,135$9,087$6,205$3,238
31 years$24,942$17,658$12,245$8,346$5,610$2,849
32 years$23,900$16,708$11,425$7,670$5,075$2,509
33 years$22,923$15,822$10,668$7,053$4,592$2,209
34 years$22,006$14,996$9,967$6,490$4,158$1,946
35 years$21,143$14,224$9,319$5,974$3,766$1,715
36 years$20,329$13,500$8,717$5,502$3,412$1,511
37 years$19,562$12,822$8,159$5,069$3,093$1,332
38 years$18,837$12,186$7,641$4,673$2,804$1,174
39 years$18,150$11,587$7,159$4,308$2,543$1,035
40 years$17,500$11,024$6,710$3,974$2,306$913
41 years$16,882$10,494$6,292$3,666$2,092$805
42 years$16,296$9,994$5,902$3,384$1,898$710
43 years$15,739$9,523$5,538$3,123$1,723$626
44 years$15,208$9,077$5,198$2,884$1,564$553
45 years$14,703$8,656$4,881$2,663$1,420$488
46 years$14,220$8,257$4,584$2,460$1,289$430
47 years$13,760$7,880$4,307$2,273$1,171$379
48 years$13,320$7,522$4,047$2,100$1,063$335
49 years$12,900$7,184$3,804$1,941$965$295
50 years$12,497$6,862$3,577$1,794$877$261

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $12,800,000, adding $3,598 every year, while hoping to spend $33,404 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: 58/31/11 Blend
60$12,800,000$12,800,000$12,800,000$12,800,000
61$14,109,311$13,430,911$13,232,511$14,889,754
62$15,512,919$14,053,484$13,640,259$16,038,757
63$17,058,576$14,705,444$14,060,546$17,286,557
64$18,760,735$15,388,195$14,493,759$18,645,872
65$20,635,323$16,103,209$14,940,292$20,127,406
66$22,699,890$16,852,030$15,400,556$21,742,925
67$24,973,775$17,636,277$15,874,972$23,505,364
68$27,478,289$18,457,643$16,363,972$25,428,943
69$30,236,916$19,317,909$16,868,006$27,529,303
70$33,275,531$20,218,936$17,387,534$29,823,640
71$36,622,650$21,162,679$17,923,032$32,330,871
72$40,309,695$22,151,185$18,474,988$35,071,800
73$44,371,292$23,186,601$19,043,908$38,069,314
74$48,845,598$24,271,178$19,630,313$41,348,593
75$53,774,658$25,407,275$20,234,737$44,937,339
76$59,204,806$26,597,365$20,857,735$48,866,034
77$65,187,102$27,844,041$21,499,874$53,168,221
78$71,777,809$29,150,022$22,161,743$57,880,813
79$79,038,929$30,518,157$22,843,945$63,044,434
80$87,038,787$31,951,433$23,547,104$68,703,797
81$95,852,674$33,452,984$24,271,862$74,908,117
82$105,563,558$35,026,092$25,018,882$81,711,568
83$116,262,872$36,674,201$25,788,845$89,173,785
84$128,051,368$38,400,920$26,582,454$97,360,421
85$141,040,075$40,210,033$27,400,434$106,343,754
86$155,351,346$42,105,508$28,243,532$116,203,361
87$171,120,010$44,091,505$29,112,517$127,026,861
88$188,494,647$46,172,384$30,008,182$138,910,728
89$207,638,989$48,352,719$30,931,344$151,961,194
90$228,733,467$50,637,304$31,882,846$166,295,238
91$251,976,914$53,031,165$32,863,554$182,041,680
92$277,588,441$55,539,574$33,874,365$199,342,382
93$305,809,505$58,168,056$34,916,199$218,353,575
94$336,906,189$60,922,405$35,990,006$239,247,323
95$371,171,715$63,808,697$37,096,766$262,213,127
96$408,929,208$66,833,302$38,237,486$287,459,704
97$450,534,753$70,002,899$39,413,207$315,216,938
98$496,380,747$73,324,491$40,624,999$345,738,034
99$546,899,614$76,805,422$41,873,968$379,301,892
100$602,567,879$80,453,391$43,161,249$416,215,723