Can I retire at age 60 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,011,989
2 years$531,449$521,552$511,959$502,659$493,637$468,948
3 years$350,780$340,840$331,272$322,058$313,184$289,225
4 years$260,463$250,553$241,081$232,025$223,365$200,322
5 years$206,287$196,437$187,089$178,217$169,799$147,736
6 years$170,182$160,405$151,195$142,522$134,356$113,296
7 years$144,402$134,708$125,644$117,175$109,267$89,212
8 years$125,077$115,470$106,556$98,295$90,648$71,590
9 years$110,053$100,537$91,777$83,726$76,339$58,263
10 years$98,042$88,619$80,013$72,172$65,044$47,930
11 years$88,220$78,892$70,442$62,812$55,940$39,764
12 years$80,042$70,809$62,516$55,094$48,477$33,212
13 years$73,127$63,991$55,854$48,640$42,273$27,890
14 years$67,205$58,166$50,185$43,177$37,056$23,525
15 years$62,077$53,136$45,310$38,506$32,627$19,915
16 years$57,595$48,751$41,080$34,478$28,836$16,911
17 years$53,644$44,898$37,381$30,978$25,568$14,395
18 years$50,136$41,488$34,124$27,918$22,734$12,280
19 years$47,001$38,450$31,239$25,226$20,263$10,495
20 years$44,183$35,730$28,670$22,847$18,099$8,983
21 years$41,637$33,281$26,371$20,735$16,197$7,698
22 years$39,325$31,067$24,305$18,853$14,518$6,604
23 years$37,217$29,056$22,441$17,170$13,032$5,671
24 years$35,288$27,224$20,754$15,660$11,714$4,874
25 years$33,516$25,548$19,223$14,302$10,541$4,191
26 years$31,883$24,011$17,828$13,077$9,495$3,607
27 years$30,373$22,597$16,555$11,969$8,560$3,105
28 years$28,974$21,293$15,390$10,966$7,724$2,674
29 years$27,674$20,088$14,322$10,056$6,975$2,304
30 years$26,462$18,971$13,340$9,229$6,302$1,986
31 years$25,331$17,934$12,436$8,476$5,698$1,712
32 years$24,273$16,969$11,603$7,790$5,154$1,476
33 years$23,281$16,070$10,834$7,164$4,664$1,273
34 years$22,349$15,230$10,123$6,591$4,223$1,098
35 years$21,473$14,446$9,464$6,067$3,825$948
36 years$20,647$13,711$8,853$5,588$3,466$818
37 years$19,868$13,022$8,287$5,149$3,141$706
38 years$19,131$12,376$7,760$4,746$2,848$609
39 years$18,434$11,768$7,270$4,376$2,582$526
40 years$17,773$11,197$6,815$4,036$2,342$454
41 years$17,146$10,658$6,390$3,724$2,125$392
42 years$16,551$10,150$5,994$3,436$1,928$338
43 years$15,985$9,671$5,624$3,172$1,750$292
44 years$15,446$9,219$5,280$2,929$1,588$252
45 years$14,932$8,791$4,957$2,705$1,442$218
46 years$14,443$8,386$4,656$2,499$1,309$188
47 years$13,975$8,003$4,374$2,309$1,189$162
48 years$13,528$7,640$4,111$2,133$1,080$140
49 years$13,101$7,296$3,864$1,971$981$121
50 years$12,693$6,969$3,632$1,822$891$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,000,000, adding $3,226 every year, while hoping to spend $25,686 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: 48/28/24 Blend
59$13,000,000$13,000,000$13,000,000$13,000,000
60$14,329,328$13,640,328$13,438,828$14,919,210
61$15,763,589$14,281,374$13,861,699$15,973,222
62$17,343,285$14,952,971$14,297,875$17,114,329
63$19,083,221$15,656,588$14,747,775$18,353,008
64$20,999,715$16,393,766$15,211,831$19,698,450
65$23,110,747$17,166,121$15,690,488$21,160,750
66$25,436,129$17,975,347$16,184,205$22,751,001
67$27,997,695$18,823,220$16,693,457$24,481,390
68$30,819,504$19,711,601$17,218,732$26,365,312
69$33,928,067$20,642,444$17,760,533$28,417,489
70$37,352,601$21,617,794$18,319,382$30,654,105
71$41,125,299$22,639,799$18,895,814$33,092,953
72$45,281,638$23,710,708$19,490,383$35,753,598
73$49,860,713$24,832,881$20,103,658$38,657,552
74$54,905,605$26,008,791$20,736,230$41,828,478
75$60,463,787$27,241,032$21,388,704$45,292,398
76$66,587,575$28,532,324$22,061,707$49,077,941
77$73,334,618$29,885,519$22,755,885$53,216,598
78$80,768,446$31,303,606$23,471,904$57,743,018
79$88,959,066$32,789,721$24,210,451$62,695,322
80$97,983,624$34,347,151$24,972,235$68,115,460
81$107,927,135$35,979,343$25,757,986$74,049,595
82$118,883,284$37,689,912$26,568,460$80,548,531
83$130,955,309$39,482,647$27,404,433$87,668,183
84$144,256,977$41,361,523$28,266,708$95,470,096
85$158,913,658$43,330,708$29,156,112$104,022,015
86$175,063,509$45,394,570$30,073,500$113,398,514
87$192,858,775$47,557,692$31,019,750$123,681,691
88$212,467,230$49,824,879$31,995,772$134,961,926
89$234,073,759$52,201,169$33,002,501$147,338,729
90$257,882,102$54,691,846$34,040,905$160,921,663
91$284,116,780$57,302,450$35,111,978$175,831,363
92$313,025,212$60,038,791$36,216,750$192,200,667
93$344,880,052$62,906,960$37,356,280$210,175,851
94$379,981,764$65,913,348$38,531,662$229,917,994
95$418,661,455$69,064,653$39,744,024$251,604,488
96$461,284,003$72,367,900$40,994,528$275,430,691
97$508,251,502$75,830,458$42,284,375$301,611,756
98$560,007,056$79,460,052$43,614,803$330,384,643
99$617,038,965$83,264,783$44,987,088$362,010,341
100$679,885,331$87,253,149$46,402,547$396,776,306