Can I retire at age 59 with 13,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,019,045
2 years$531,449$521,552$511,959$502,659$493,637$475,967
3 years$350,780$340,840$331,272$322,058$313,184$295,986
4 years$260,463$250,553$241,081$232,025$223,365$206,773
5 years$206,287$196,437$187,089$178,217$169,799$153,859
6 years$170,182$160,405$151,195$142,522$134,356$119,088
7 years$144,402$134,708$125,644$117,175$109,267$94,675
8 years$125,077$115,470$106,556$98,295$90,648$76,728
9 years$110,053$100,537$91,777$83,726$76,339$63,083
10 years$98,042$88,619$80,013$72,172$65,044$52,442
11 years$88,220$78,892$70,442$62,812$55,940$43,978
12 years$80,042$70,809$62,516$55,094$48,477$37,139
13 years$73,127$63,991$55,854$48,640$42,273$31,542
14 years$67,205$58,166$50,185$43,177$37,056$26,914
15 years$62,077$53,136$45,310$38,506$32,627$23,054
16 years$57,595$48,751$41,080$34,478$28,836$19,813
17 years$53,644$44,898$37,381$30,978$25,568$17,073
18 years$50,136$41,488$34,124$27,918$22,734$14,747
19 years$47,001$38,450$31,239$25,226$20,263$12,763
20 years$44,183$35,730$28,670$22,847$18,099$11,064
21 years$41,637$33,281$26,371$20,735$16,197$9,605
22 years$39,325$31,067$24,305$18,853$14,518$8,349
23 years$37,217$29,056$22,441$17,170$13,032$7,266
24 years$35,288$27,224$20,754$15,660$11,714$6,328
25 years$33,516$25,548$19,223$14,302$10,541$5,516
26 years$31,883$24,011$17,828$13,077$9,495$4,812
27 years$30,373$22,597$16,555$11,969$8,560$4,200
28 years$28,974$21,293$15,390$10,966$7,724$3,667
29 years$27,674$20,088$14,322$10,056$6,975$3,204
30 years$26,462$18,971$13,340$9,229$6,302$2,800
31 years$25,331$17,934$12,436$8,476$5,698$2,448
32 years$24,273$16,969$11,603$7,790$5,154$2,141
33 years$23,281$16,070$10,834$7,164$4,664$1,873
34 years$22,349$15,230$10,123$6,591$4,223$1,639
35 years$21,473$14,446$9,464$6,067$3,825$1,435
36 years$20,647$13,711$8,853$5,588$3,466$1,256
37 years$19,868$13,022$8,287$5,149$3,141$1,099
38 years$19,131$12,376$7,760$4,746$2,848$963
39 years$18,434$11,768$7,270$4,376$2,582$843
40 years$17,773$11,197$6,815$4,036$2,342$738
41 years$17,146$10,658$6,390$3,724$2,125$647
42 years$16,551$10,150$5,994$3,436$1,928$566
43 years$15,985$9,671$5,624$3,172$1,750$496
44 years$15,446$9,219$5,280$2,929$1,588$435
45 years$14,932$8,791$4,957$2,705$1,442$381
46 years$14,443$8,386$4,656$2,499$1,309$334
47 years$13,975$8,003$4,374$2,309$1,189$292
48 years$13,528$7,640$4,111$2,133$1,080$256
49 years$13,101$7,296$3,864$1,971$981$224
50 years$12,693$6,969$3,632$1,822$891$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,000,000, adding $3,713 every year, while hoping to spend $30,592 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: 61/16/23 Blend
58$13,000,000$13,000,000$13,000,000$13,000,000
59$14,329,830$13,640,830$13,439,330$15,116,573
60$15,758,923$14,276,681$13,856,998$16,286,070
61$17,332,758$14,942,663$14,287,632$17,558,256
62$19,066,067$15,640,221$14,731,635$18,946,123
63$20,975,082$16,370,869$15,189,422$20,460,936
64$23,077,692$17,136,192$15,661,419$22,115,088
65$25,393,607$17,937,856$16,148,067$23,922,212
66$27,944,548$18,777,604$16,649,820$25,897,311
67$30,754,450$19,657,265$17,167,147$28,056,893
68$33,849,688$20,578,755$17,700,531$30,419,124
69$37,259,326$21,544,085$18,250,469$33,003,997
70$41,015,393$22,555,360$18,817,474$35,833,518
71$45,153,179$23,614,789$19,402,076$38,931,907
72$49,711,578$24,724,688$20,004,820$42,325,827
73$54,733,446$25,887,484$20,626,268$46,044,628
74$60,266,009$27,105,724$21,267,001$50,120,621
75$66,361,312$28,382,074$21,927,615$54,589,383
76$73,076,703$29,719,332$22,608,727$59,490,079
77$80,475,379$31,120,432$23,310,972$64,865,836
78$88,626,984$32,588,449$24,035,005$70,764,141
79$97,608,260$34,126,607$24,781,502$77,237,284
80$107,503,778$35,738,286$25,551,158$84,342,848
81$118,406,732$37,427,031$26,344,690$92,144,246
82$130,419,821$39,196,558$27,162,840$100,711,313
83$143,656,217$41,050,763$28,006,369$110,120,962
84$158,240,633$42,993,732$28,876,064$120,457,899
85$174,310,500$45,029,748$29,772,735$131,815,422
86$192,017,268$47,163,303$30,697,219$144,296,288
87$211,527,830$49,399,105$31,650,376$158,013,684
88$233,026,100$51,742,093$32,633,095$173,092,280
89$256,714,751$54,197,444$33,646,292$189,669,402
90$282,817,123$56,770,586$34,690,911$207,896,323
91$311,579,338$59,467,213$35,767,924$227,939,674
92$343,272,616$62,293,293$36,878,336$249,983,018
93$378,195,843$65,255,084$38,023,181$274,228,567
94$416,678,387$68,359,150$39,203,524$300,899,084
95$459,083,206$71,612,373$40,420,466$330,239,975
96$505,810,281$75,021,967$41,675,140$362,521,594
97$557,300,386$78,595,500$42,968,713$398,041,787
98$614,039,252$82,340,906$44,302,392$437,128,689
99$676,562,150$86,266,505$45,677,416$480,143,814
100$745,458,947$90,381,021$47,095,068$527,485,449