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%16.3%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,009,939
2 years$531,449$521,552$511,959$502,659$493,637$466,916
3 years$350,780$340,840$331,272$322,058$313,184$287,276
4 years$260,463$250,553$241,081$232,025$223,365$198,471
5 years$206,287$196,437$187,089$178,217$169,799$145,986
6 years$170,182$160,405$151,195$142,522$134,356$111,649
7 years$144,402$134,708$125,644$117,175$109,267$87,667
8 years$125,077$115,470$106,556$98,295$90,648$70,145
9 years$110,053$100,537$91,777$83,726$76,339$56,915
10 years$98,042$88,619$80,013$72,172$65,044$46,676
11 years$88,220$78,892$70,442$62,812$55,940$38,600
12 years$80,042$70,809$62,516$55,094$48,477$32,134
13 years$73,127$63,991$55,854$48,640$42,273$26,895
14 years$67,205$58,166$50,185$43,177$37,056$22,608
15 years$62,077$53,136$45,310$38,506$32,627$19,072
16 years$57,595$48,751$41,080$34,478$28,836$16,137
17 years$53,644$44,898$37,381$30,978$25,568$13,687
18 years$50,136$41,488$34,124$27,918$22,734$11,633
19 years$47,001$38,450$31,239$25,226$20,263$9,905
20 years$44,183$35,730$28,670$22,847$18,099$8,445
21 years$41,637$33,281$26,371$20,735$16,197$7,210
22 years$39,325$31,067$24,305$18,853$14,518$6,162
23 years$37,217$29,056$22,441$17,170$13,032$5,270
24 years$35,288$27,224$20,754$15,660$11,714$4,511
25 years$33,516$25,548$19,223$14,302$10,541$3,864
26 years$31,883$24,011$17,828$13,077$9,495$3,312
27 years$30,373$22,597$16,555$11,969$8,560$2,840
28 years$28,974$21,293$15,390$10,966$7,724$2,436
29 years$27,674$20,088$14,322$10,056$6,975$2,090
30 years$26,462$18,971$13,340$9,229$6,302$1,794
31 years$25,331$17,934$12,436$8,476$5,698$1,540
32 years$24,273$16,969$11,603$7,790$5,154$1,323
33 years$23,281$16,070$10,834$7,164$4,664$1,136
34 years$22,349$15,230$10,123$6,591$4,223$976
35 years$21,473$14,446$9,464$6,067$3,825$838
36 years$20,647$13,711$8,853$5,588$3,466$720
37 years$19,868$13,022$8,287$5,149$3,141$619
38 years$19,131$12,376$7,760$4,746$2,848$532
39 years$18,434$11,768$7,270$4,376$2,582$457
40 years$17,773$11,197$6,815$4,036$2,342$393
41 years$17,146$10,658$6,390$3,724$2,125$338
42 years$16,551$10,150$5,994$3,436$1,928$290
43 years$15,985$9,671$5,624$3,172$1,750$250
44 years$15,446$9,219$5,280$2,929$1,588$215
45 years$14,932$8,791$4,957$2,705$1,442$184
46 years$14,443$8,386$4,656$2,499$1,309$159
47 years$13,975$8,003$4,374$2,309$1,189$136
48 years$13,528$7,640$4,111$2,133$1,080$117
49 years$13,101$7,296$3,864$1,971$981$101
50 years$12,693$6,969$3,632$1,822$891$87

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 $4,802 every year, while hoping to spend $49,260 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: 69/13/18 Blend
59$13,000,000$13,000,000$13,000,000$13,000,000
60$14,330,953$13,641,953$13,440,453$15,257,241
61$15,740,298$14,257,997$13,838,296$16,491,648
62$17,291,745$14,902,575$14,247,816$17,835,558
63$18,999,737$15,577,035$14,669,351$19,304,816
64$20,880,188$16,282,787$15,103,252$20,911,780
65$22,950,632$17,021,309$15,549,876$22,670,052
66$25,230,392$17,794,149$16,009,593$24,594,605
67$27,740,761$18,602,931$16,482,782$26,701,919
68$30,505,198$19,449,354$16,969,835$29,010,140
69$33,549,556$20,335,200$17,471,153$31,539,242
70$36,902,323$21,262,337$17,987,149$34,311,218
71$40,594,890$22,232,722$18,518,248$37,350,285
72$44,661,847$23,248,404$19,064,888$40,683,104
73$49,141,312$24,311,532$19,627,518$44,339,036
74$54,075,286$25,424,357$20,206,601$48,350,413
75$59,510,056$26,589,241$20,802,612$52,752,838
76$65,496,623$27,808,655$21,416,041$57,585,523
77$72,091,191$29,085,192$22,047,390$62,891,649
78$79,355,693$30,421,567$22,697,179$68,718,778
79$87,358,377$31,820,627$23,365,937$75,119,289
80$96,174,449$33,285,356$24,054,215$82,150,878
81$105,886,785$34,818,880$24,762,573$89,877,093
82$116,586,709$36,424,477$25,491,591$98,367,930
83$128,374,859$38,105,582$26,241,865$107,700,492
84$141,362,134$39,865,795$27,014,006$117,959,708
85$155,670,741$41,708,889$27,808,645$129,239,135
86$171,435,351$43,638,818$28,626,429$141,641,833
87$188,804,366$45,659,730$29,468,024$155,281,336
88$207,941,324$47,775,969$30,334,115$170,282,712
89$229,026,436$49,992,088$31,225,405$186,783,744
90$252,258,296$52,312,864$32,142,619$204,936,225
91$277,855,746$54,743,299$33,086,501$224,907,379
92$306,059,951$57,288,639$34,057,818$246,881,441
93$337,136,666$59,954,383$35,057,355$271,061,382
94$371,378,752$62,746,294$36,085,922$297,670,826
95$409,108,937$65,670,414$37,144,353$326,956,146
96$450,682,861$68,733,077$38,233,501$359,188,788
97$496,492,438$71,940,922$39,354,248$394,667,825
98$546,969,548$75,300,909$40,507,497$433,722,768
99$602,590,123$78,820,334$41,694,179$476,716,674
100$663,878,631$82,506,847$42,915,250$524,049,559