Can I retire at age 60 with 13,300,000?

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 $13,300,000?

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$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,035,342
2 years$543,714$533,587$523,774$514,258$505,029$479,769
3 years$358,875$348,705$338,916$329,490$320,411$295,900
4 years$266,474$256,335$246,644$237,379$228,520$204,945
5 years$211,048$200,970$191,406$182,330$173,717$151,145
6 years$174,109$164,107$154,685$145,811$137,456$115,910
7 years$147,735$137,817$128,544$119,879$111,789$91,271
8 years$127,963$118,135$109,015$100,564$92,740$73,242
9 years$112,593$102,857$93,895$85,658$78,100$59,607
10 years$100,304$90,664$81,860$73,838$66,545$49,037
11 years$90,256$80,713$72,068$64,261$57,231$40,682
12 years$81,889$72,443$63,958$56,366$49,595$33,978
13 years$74,814$65,468$57,143$49,762$43,248$28,534
14 years$68,756$59,508$51,343$44,173$37,911$24,068
15 years$63,510$54,362$46,356$39,395$33,380$20,375
16 years$58,924$49,876$42,028$35,274$29,501$17,301
17 years$54,882$45,934$38,244$31,693$26,158$14,728
18 years$51,293$42,445$34,912$28,562$23,258$12,564
19 years$48,086$39,338$31,960$25,808$20,731$10,737
20 years$45,202$36,554$29,331$23,374$18,517$9,190
21 years$42,597$34,049$26,979$21,214$16,571$7,876
22 years$40,232$31,783$24,866$19,288$14,853$6,757
23 years$38,076$29,726$22,959$17,566$13,333$5,802
24 years$36,102$27,852$21,233$16,021$11,984$4,986
25 years$34,289$26,137$19,666$14,632$10,784$4,288
26 years$32,619$24,565$18,239$13,378$9,714$3,690
27 years$31,074$23,119$16,937$12,246$8,758$3,177
28 years$29,643$21,784$15,745$11,220$7,902$2,736
29 years$28,312$20,551$14,652$10,289$7,136$2,357
30 years$27,073$19,408$13,648$9,442$6,447$2,032
31 years$25,916$18,347$12,723$8,672$5,829$1,751
32 years$24,833$17,360$11,871$7,970$5,273$1,510
33 years$23,818$16,441$11,084$7,329$4,772$1,303
34 years$22,865$15,582$10,356$6,743$4,320$1,124
35 years$21,968$14,779$9,683$6,208$3,913$969
36 years$21,123$14,028$9,058$5,717$3,546$836
37 years$20,326$13,323$8,478$5,267$3,213$722
38 years$19,572$12,662$7,939$4,855$2,913$623
39 years$18,859$12,040$7,438$4,477$2,642$538
40 years$18,183$11,455$6,972$4,129$2,396$464
41 years$17,542$10,904$6,537$3,810$2,174$401
42 years$16,933$10,385$6,132$3,516$1,973$346
43 years$16,354$9,895$5,754$3,245$1,790$299
44 years$15,802$9,432$5,401$2,997$1,625$258
45 years$15,277$8,994$5,072$2,768$1,475$223
46 years$14,776$8,580$4,764$2,556$1,339$192
47 years$14,298$8,188$4,475$2,362$1,216$166
48 years$13,841$7,816$4,205$2,182$1,105$143
49 years$13,404$7,464$3,953$2,017$1,003$124
50 years$12,985$7,130$3,716$1,864$911$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,300,000, adding $3,762 every year, while hoping to spend $51,570 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: 41/46/13 Blend
59$13,300,000$13,300,000$13,300,000$13,300,000
60$14,660,481$13,955,581$13,749,431$15,205,062
61$16,100,979$14,584,534$14,155,166$16,217,953
62$17,686,681$15,242,578$14,572,766$17,308,163
63$19,432,341$15,931,082$15,002,572$18,486,987
64$21,354,219$16,651,485$15,444,938$19,762,514
65$23,470,232$17,405,291$15,900,226$21,143,613
66$25,800,122$18,194,076$16,368,810$22,640,015
67$28,365,642$19,019,493$16,851,073$24,262,398
68$31,190,764$19,883,274$17,347,409$26,022,482
69$34,301,900$20,787,233$17,858,226$27,933,130
70$37,728,157$21,733,271$18,383,940$30,008,467
71$41,501,607$22,723,379$18,924,980$32,264,002
72$45,657,592$23,759,646$19,481,788$34,716,772
73$50,235,057$24,844,259$20,054,818$37,385,488
74$55,276,915$25,979,510$20,644,537$40,290,708
75$60,830,456$27,167,802$21,251,425$43,455,024
76$66,947,791$28,411,652$21,875,975$46,903,260
77$73,686,341$29,713,698$22,518,696$50,662,703
78$81,109,384$31,076,706$23,180,108$54,763,347
79$89,286,649$32,503,573$23,860,750$59,238,168
80$98,294,975$33,997,335$24,561,173$64,123,423
81$108,219,034$35,561,176$25,281,944$69,458,980
82$119,152,133$37,198,432$26,023,647$75,288,687
83$131,197,094$38,912,598$26,786,882$81,660,767
84$144,467,221$40,707,338$27,572,266$88,628,265
85$159,087,373$42,586,494$28,380,433$96,249,534
86$175,195,143$44,554,090$29,212,035$104,588,770
87$192,942,152$46,614,345$30,067,742$113,716,605
88$212,495,485$48,771,681$30,948,245$123,710,759
89$234,039,264$51,030,734$31,854,252$134,656,754
90$257,776,391$53,396,361$32,786,490$146,648,706
91$283,930,455$55,873,655$33,745,711$159,790,197
92$312,747,852$58,467,954$34,732,682$174,195,232
93$344,500,102$61,184,854$35,748,196$189,989,296
94$379,486,419$64,030,218$36,793,068$207,310,520
95$418,036,531$67,010,196$37,868,132$226,310,961
96$460,513,792$70,131,231$38,974,250$247,158,015
97$507,318,617$73,400,079$40,112,305$270,035,976
98$558,892,255$76,823,822$41,283,206$295,147,749
99$615,720,958$80,409,883$42,487,887$322,716,741
100$678,340,573$84,166,044$43,727,309$352,988,942