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%11%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,048,151
2 years$539,626$529,576$519,835$510,392$501,232$496,754
3 years$356,177$346,083$336,368$327,013$318,002$313,621
4 years$264,470$254,408$244,790$235,594$226,802$222,550
5 years$209,461$199,459$189,967$180,959$172,411$168,302
6 years$172,800$162,873$153,521$144,714$136,423$132,462
7 years$146,624$136,781$127,577$118,978$110,948$107,137
8 years$127,001$117,246$108,195$99,807$92,042$88,381
9 years$111,746$102,084$93,189$85,014$77,513$74,001
10 years$99,550$89,982$81,244$73,283$66,045$62,681
11 years$89,578$80,106$71,526$63,778$56,801$53,583
12 years$81,273$71,899$63,477$55,942$49,222$46,147
13 years$74,252$64,975$56,713$49,388$42,923$39,988
14 years$68,239$59,061$50,957$43,841$37,626$34,828
15 years$63,032$53,953$46,007$39,099$33,129$30,465
16 years$58,481$49,501$41,712$35,009$29,279$26,745
17 years$54,469$45,589$37,956$31,455$25,961$23,554
18 years$50,907$42,126$34,649$28,347$23,083$20,798
19 years$47,724$39,042$31,720$25,614$20,575$18,408
20 years$44,863$36,280$29,111$23,199$18,378$16,326
21 years$42,277$33,793$26,776$21,054$16,446$14,504
22 years$39,930$31,544$24,679$19,143$14,742$12,906
23 years$37,790$29,503$22,786$17,434$13,233$11,499
24 years$35,831$27,642$21,073$15,901$11,894$10,258
25 years$34,032$25,941$19,518$14,522$10,703$9,161
26 years$32,373$24,380$18,102$13,278$9,641$8,189
27 years$30,841$22,945$16,809$12,153$8,692$7,326
28 years$29,420$21,621$15,627$11,135$7,843$6,558
29 years$28,100$20,397$14,542$10,211$7,082$5,875
30 years$26,869$19,262$13,545$9,371$6,399$5,267
31 years$25,721$18,209$12,628$8,607$5,785$4,723
32 years$24,647$17,230$11,782$7,910$5,233$4,238
33 years$23,639$16,317$11,001$7,274$4,736$3,804
34 years$22,693$15,465$10,279$6,693$4,288$3,416
35 years$21,803$14,668$9,610$6,161$3,884$3,068
36 years$20,965$13,922$8,990$5,674$3,519$2,757
37 years$20,173$13,223$8,414$5,228$3,189$2,478
38 years$19,425$12,566$7,880$4,819$2,891$2,228
39 years$18,717$11,949$7,382$4,443$2,622$2,003
40 years$18,046$11,369$6,919$4,098$2,378$1,801
41 years$17,410$10,822$6,488$3,781$2,158$1,620
42 years$16,806$10,307$6,086$3,489$1,958$1,458
43 years$16,231$9,820$5,711$3,221$1,777$1,312
44 years$15,683$9,361$5,361$2,974$1,613$1,180
45 years$15,162$8,926$5,034$2,747$1,464$1,062
46 years$14,665$8,515$4,728$2,537$1,329$956
47 years$14,190$8,126$4,442$2,344$1,207$861
48 years$13,737$7,757$4,174$2,166$1,096$775
49 years$13,303$7,408$3,923$2,002$996$698
50 years$12,888$7,076$3,688$1,850$904$628

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 $5,921 every year, while hoping to spend $34,244 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: 64/29/7 Blend
60$13,200,000$13,200,000$13,200,000$13,200,000
61$14,552,508$13,852,908$13,648,308$15,464,672
62$16,000,428$14,495,265$14,069,090$16,715,196
63$17,594,889$15,167,950$14,502,822$18,075,847
64$19,350,800$15,872,412$14,949,900$19,561,002
65$21,284,594$16,610,172$15,410,733$21,182,741
66$23,414,375$17,382,823$15,885,745$22,954,348
67$25,760,094$18,192,034$16,375,370$24,890,436
68$28,343,736$19,039,557$16,880,058$27,007,073
69$31,189,527$19,927,225$17,400,270$29,321,938
70$34,324,164$20,856,964$17,936,484$31,854,479
71$37,777,062$21,830,788$18,489,189$34,626,092
72$41,580,638$22,850,813$19,058,893$37,660,320
73$45,770,614$23,919,254$19,646,117$40,983,067
74$50,386,354$25,038,434$20,251,399$44,622,843
75$55,471,233$26,210,789$20,875,292$48,611,021
76$61,073,053$27,438,872$21,518,369$52,982,131
77$67,244,487$28,725,358$22,181,216$57,774,181
78$74,043,579$30,073,056$22,864,441$63,029,005
79$81,534,294$31,484,905$23,568,670$68,792,657
80$89,787,116$32,963,990$24,294,545$75,115,833
81$98,879,722$34,513,545$25,042,732$82,054,347
82$108,897,703$36,136,959$25,813,913$89,669,648
83$119,935,385$37,837,786$26,608,796$98,029,394
84$132,096,709$39,619,752$27,428,105$107,208,077
85$145,496,218$41,486,764$28,272,591$117,287,727
86$160,260,134$43,442,918$29,143,024$128,358,666
87$176,527,554$45,492,507$30,040,202$140,520,361
88$194,451,758$47,640,033$30,964,942$153,882,347
89$214,201,660$49,890,218$31,918,091$168,565,253
90$235,963,401$52,248,010$32,900,519$184,701,929
91$259,942,105$54,718,600$33,913,123$202,438,687
92$286,363,815$57,307,426$34,956,828$221,936,676
93$315,477,629$60,020,195$36,032,587$243,373,382
94$347,558,051$62,862,888$37,141,382$266,944,299
95$382,907,579$65,841,777$38,284,225$292,864,754
96$421,859,565$68,963,437$39,462,160$321,371,930
97$464,781,360$72,234,764$40,676,261$352,727,088
98$512,077,779$75,662,988$41,927,636$387,218,015
99$564,194,928$79,255,690$43,217,427$425,161,730
100$621,624,410$83,020,818$44,546,810$466,907,455