Can I retire at age 61 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%11%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,032,270
2 years$531,449$521,552$511,959$502,659$493,637$489,228
3 years$350,780$340,840$331,272$322,058$313,184$308,869
4 years$260,463$250,553$241,081$232,025$223,365$219,178
5 years$206,287$196,437$187,089$178,217$169,799$165,752
6 years$170,182$160,405$151,195$142,522$134,356$130,455
7 years$144,402$134,708$125,644$117,175$109,267$105,514
8 years$125,077$115,470$106,556$98,295$90,648$87,042
9 years$110,053$100,537$91,777$83,726$76,339$72,880
10 years$98,042$88,619$80,013$72,172$65,044$61,731
11 years$88,220$78,892$70,442$62,812$55,940$52,771
12 years$80,042$70,809$62,516$55,094$48,477$45,448
13 years$73,127$63,991$55,854$48,640$42,273$39,382
14 years$67,205$58,166$50,185$43,177$37,056$34,300
15 years$62,077$53,136$45,310$38,506$32,627$30,003
16 years$57,595$48,751$41,080$34,478$28,836$26,340
17 years$53,644$44,898$37,381$30,978$25,568$23,197
18 years$50,136$41,488$34,124$27,918$22,734$20,483
19 years$47,001$38,450$31,239$25,226$20,263$18,129
20 years$44,183$35,730$28,670$22,847$18,099$16,078
21 years$41,637$33,281$26,371$20,735$16,197$14,284
22 years$39,325$31,067$24,305$18,853$14,518$12,710
23 years$37,217$29,056$22,441$17,170$13,032$11,325
24 years$35,288$27,224$20,754$15,660$11,714$10,103
25 years$33,516$25,548$19,223$14,302$10,541$9,022
26 years$31,883$24,011$17,828$13,077$9,495$8,065
27 years$30,373$22,597$16,555$11,969$8,560$7,215
28 years$28,974$21,293$15,390$10,966$7,724$6,459
29 years$27,674$20,088$14,322$10,056$6,975$5,786
30 years$26,462$18,971$13,340$9,229$6,302$5,187
31 years$25,331$17,934$12,436$8,476$5,698$4,652
32 years$24,273$16,969$11,603$7,790$5,154$4,174
33 years$23,281$16,070$10,834$7,164$4,664$3,746
34 years$22,349$15,230$10,123$6,591$4,223$3,364
35 years$21,473$14,446$9,464$6,067$3,825$3,022
36 years$20,647$13,711$8,853$5,588$3,466$2,715
37 years$19,868$13,022$8,287$5,149$3,141$2,440
38 years$19,131$12,376$7,760$4,746$2,848$2,194
39 years$18,434$11,768$7,270$4,376$2,582$1,973
40 years$17,773$11,197$6,815$4,036$2,342$1,774
41 years$17,146$10,658$6,390$3,724$2,125$1,596
42 years$16,551$10,150$5,994$3,436$1,928$1,436
43 years$15,985$9,671$5,624$3,172$1,750$1,292
44 years$15,446$9,219$5,280$2,929$1,588$1,163
45 years$14,932$8,791$4,957$2,705$1,442$1,046
46 years$14,443$8,386$4,656$2,499$1,309$942
47 years$13,975$8,003$4,374$2,309$1,189$848
48 years$13,528$7,640$4,111$2,133$1,080$763
49 years$13,101$7,296$3,864$1,971$981$687
50 years$12,693$6,969$3,632$1,822$891$619

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,000,000, adding $4,799 every year, while hoping to spend $34,121 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: 80/14/6 Blend
60$13,000,000$13,000,000$13,000,000$13,000,000
61$14,330,950$13,641,950$13,440,450$15,470,617
62$15,756,403$14,274,101$13,854,401$16,849,535
63$17,326,108$14,936,084$14,281,075$18,357,167
64$19,054,743$15,629,325$14,720,863$20,010,319
65$20,958,482$16,355,317$15,174,168$21,823,495
66$23,055,148$17,115,628$15,641,403$23,812,661
67$25,364,379$17,911,900$16,122,996$25,995,400
68$27,907,816$18,745,853$16,619,387$28,391,071
69$30,709,306$19,619,293$17,131,029$31,020,989
70$33,795,127$20,534,110$17,658,390$33,908,630
71$37,194,236$21,492,288$18,201,953$37,079,841
72$40,938,543$22,495,905$18,762,213$40,563,092
73$45,063,210$23,547,139$19,339,682$44,389,732
74$49,606,984$24,648,276$19,934,888$48,594,290
75$54,612,564$25,801,709$20,548,374$53,214,795
76$60,127,001$27,009,948$21,180,701$58,293,131
77$66,202,146$28,275,626$21,832,445$63,875,430
78$72,895,134$29,601,502$22,504,201$70,012,507
79$80,268,929$30,990,466$23,196,583$76,760,333
80$88,392,913$32,445,553$23,910,223$84,180,559
81$97,343,546$33,969,940$24,645,770$92,341,100
82$107,205,081$35,566,961$25,403,897$101,316,766
83$118,070,366$37,240,109$26,185,295$111,189,967
84$130,041,718$38,993,048$26,990,676$122,051,487
85$143,231,884$40,829,619$27,820,775$134,001,336
86$157,765,114$42,753,847$28,676,348$147,149,688
87$173,778,325$44,769,956$29,558,176$161,617,921
88$191,422,401$46,882,371$30,467,062$177,539,753
89$210,863,612$49,095,732$31,403,834$195,062,499
90$232,285,184$51,414,907$32,369,346$214,348,462
91$255,889,031$53,844,996$33,364,477$235,576,451
92$281,897,659$56,391,348$34,390,134$258,943,470
93$310,556,268$59,059,571$35,447,251$284,666,569
94$342,135,064$61,855,547$36,536,791$312,984,885
95$376,931,811$64,785,440$37,659,745$344,161,895
96$415,274,645$67,855,715$38,817,135$378,487,896
97$457,525,165$71,073,151$40,010,015$416,282,735
98$504,081,852$74,444,856$41,239,471$457,898,823
99$555,383,828$77,978,281$42,506,621$503,724,456
100$611,915,004$81,681,242$43,812,617$554,187,468