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%16.1%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,034,083
2 years$543,714$533,587$523,774$514,258$505,029$478,520
3 years$358,875$348,705$338,916$329,490$320,411$294,701
4 years$266,474$256,335$246,644$237,379$228,520$203,806
5 years$211,048$200,970$191,406$182,330$173,717$150,068
6 years$174,109$164,107$154,685$145,811$137,456$114,896
7 years$147,735$137,817$128,544$119,879$111,789$90,319
8 years$127,963$118,135$109,015$100,564$92,740$72,351
9 years$112,593$102,857$93,895$85,658$78,100$58,776
10 years$100,304$90,664$81,860$73,838$66,545$48,263
11 years$90,256$80,713$72,068$64,261$57,231$39,963
12 years$81,889$72,443$63,958$56,366$49,595$33,313
13 years$74,814$65,468$57,143$49,762$43,248$27,918
14 years$68,756$59,508$51,343$44,173$37,911$23,500
15 years$63,510$54,362$46,356$39,395$33,380$19,853
16 years$58,924$49,876$42,028$35,274$29,501$16,822
17 years$54,882$45,934$38,244$31,693$26,158$14,289
18 years$51,293$42,445$34,912$28,562$23,258$12,162
19 years$48,086$39,338$31,960$25,808$20,731$10,371
20 years$45,202$36,554$29,331$23,374$18,517$8,856
21 years$42,597$34,049$26,979$21,214$16,571$7,572
22 years$40,232$31,783$24,866$19,288$14,853$6,481
23 years$38,076$29,726$22,959$17,566$13,333$5,552
24 years$36,102$27,852$21,233$16,021$11,984$4,760
25 years$34,289$26,137$19,666$14,632$10,784$4,084
26 years$32,619$24,565$18,239$13,378$9,714$3,506
27 years$31,074$23,119$16,937$12,246$8,758$3,011
28 years$29,643$21,784$15,745$11,220$7,902$2,587
29 years$28,312$20,551$14,652$10,289$7,136$2,223
30 years$27,073$19,408$13,648$9,442$6,447$1,911
31 years$25,916$18,347$12,723$8,672$5,829$1,644
32 years$24,833$17,360$11,871$7,970$5,273$1,414
33 years$23,818$16,441$11,084$7,329$4,772$1,216
34 years$22,865$15,582$10,356$6,743$4,320$1,047
35 years$21,968$14,779$9,683$6,208$3,913$901
36 years$21,123$14,028$9,058$5,717$3,546$775
37 years$20,326$13,323$8,478$5,267$3,213$667
38 years$19,572$12,662$7,939$4,855$2,913$574
39 years$18,859$12,040$7,438$4,477$2,642$495
40 years$18,183$11,455$6,972$4,129$2,396$426
41 years$17,542$10,904$6,537$3,810$2,174$367
42 years$16,933$10,385$6,132$3,516$1,973$316
43 years$16,354$9,895$5,754$3,245$1,790$272
44 years$15,802$9,432$5,401$2,997$1,625$234
45 years$15,277$8,994$5,072$2,768$1,475$202
46 years$14,776$8,580$4,764$2,556$1,339$174
47 years$14,298$8,188$4,475$2,362$1,216$150
48 years$13,841$7,816$4,205$2,182$1,105$129
49 years$13,404$7,464$3,953$2,017$1,003$111
50 years$12,985$7,130$3,716$1,864$911$96

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 $2,701 every year, while hoping to spend $45,190 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: 63/12/25 Blend
59$13,300,000$13,300,000$13,300,000$13,300,000
60$14,659,386$13,954,486$13,748,336$15,486,024
61$16,106,562$14,590,174$14,160,824$16,681,331
62$17,699,835$15,255,496$14,585,615$17,981,101
63$19,454,059$15,951,857$15,023,074$19,399,798
64$21,385,603$16,680,728$15,473,577$20,949,067
65$23,512,502$17,443,651$15,937,509$22,641,724
66$25,854,630$18,242,243$16,415,269$24,491,872
67$28,433,887$19,078,197$16,907,265$26,515,035
68$31,274,403$19,953,289$17,413,918$28,728,299
69$34,402,770$20,869,378$17,935,662$31,150,470
70$37,848,290$21,828,414$18,472,944$33,802,252
71$41,643,250$22,832,442$19,026,223$36,706,439
72$45,823,231$23,883,601$19,595,971$39,888,123
73$50,427,440$24,984,136$20,182,675$43,374,934
74$55,499,081$26,136,401$20,786,836$47,197,291
75$61,085,762$27,342,859$21,408,970$51,388,691
76$67,239,947$28,606,097$22,049,608$55,986,020
77$74,019,447$29,928,820$22,709,295$61,029,896
78$81,487,968$31,313,870$23,388,594$66,565,050
79$89,715,712$32,764,221$24,088,083$72,640,746
80$98,780,039$34,282,993$24,808,358$79,311,238
81$108,766,197$35,873,453$25,550,032$86,636,280
82$119,768,127$37,539,031$26,313,737$94,681,686
83$131,889,349$39,283,316$27,100,120$103,519,946
84$145,243,939$41,110,075$27,909,850$113,230,905
85$159,957,607$43,023,254$28,743,616$123,902,514
86$176,168,880$45,026,991$29,602,124$135,631,650
87$194,030,414$47,125,622$30,486,104$148,525,031
88$213,710,433$49,323,694$31,396,305$162,700,214
89$235,394,314$51,625,973$32,333,498$178,286,698
90$259,286,342$54,037,453$33,298,478$195,427,145
91$285,611,634$56,563,373$34,292,062$214,278,714
92$314,618,265$59,209,223$35,315,091$235,014,544
93$346,579,611$61,980,758$36,368,429$257,825,376
94$381,796,928$64,884,012$37,452,969$282,921,351
95$420,602,198$67,925,311$38,569,626$310,533,983
96$463,361,256$71,111,286$39,719,343$340,918,338
97$510,477,255$74,448,889$40,903,091$374,355,431
98$562,394,459$77,945,409$42,121,869$411,154,877
99$619,602,447$81,608,488$43,376,705$451,657,795
100$682,640,728$85,446,135$44,668,656$496,240,029