Can I retire at age 64 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%14.7%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,016,539
2 years$531,449$521,552$511,959$502,659$493,637$473,470
3 years$350,780$340,840$331,272$322,058$313,184$293,576
4 years$260,463$250,553$241,081$232,025$223,365$204,469
5 years$206,287$196,437$187,089$178,217$169,799$151,667
6 years$170,182$160,405$151,195$142,522$134,356$117,009
7 years$144,402$134,708$125,644$117,175$109,267$92,709
8 years$125,077$115,470$106,556$98,295$90,648$74,874
9 years$110,053$100,537$91,777$83,726$76,339$61,339
10 years$98,042$88,619$80,013$72,172$65,044$50,805
11 years$88,220$78,892$70,442$62,812$55,940$42,445
12 years$80,042$70,809$62,516$55,094$48,477$35,705
13 years$73,127$63,991$55,854$48,640$42,273$30,204
14 years$67,205$58,166$50,185$43,177$37,056$25,668
15 years$62,077$53,136$45,310$38,506$32,627$21,897
16 years$57,595$48,751$41,080$34,478$28,836$18,738
17 years$53,644$44,898$37,381$30,978$25,568$16,079
18 years$50,136$41,488$34,124$27,918$22,734$13,827
19 years$47,001$38,450$31,239$25,226$20,263$11,914
20 years$44,183$35,730$28,670$22,847$18,099$10,282
21 years$41,637$33,281$26,371$20,735$16,197$8,886
22 years$39,325$31,067$24,305$18,853$14,518$7,688
23 years$37,217$29,056$22,441$17,170$13,032$6,659
24 years$35,288$27,224$20,754$15,660$11,714$5,773
25 years$33,516$25,548$19,223$14,302$10,541$5,008
26 years$31,883$24,011$17,828$13,077$9,495$4,348
27 years$30,373$22,597$16,555$11,969$8,560$3,776
28 years$28,974$21,293$15,390$10,966$7,724$3,282
29 years$27,674$20,088$14,322$10,056$6,975$2,853
30 years$26,462$18,971$13,340$9,229$6,302$2,481
31 years$25,331$17,934$12,436$8,476$5,698$2,159
32 years$24,273$16,969$11,603$7,790$5,154$1,879
33 years$23,281$16,070$10,834$7,164$4,664$1,635
34 years$22,349$15,230$10,123$6,591$4,223$1,424
35 years$21,473$14,446$9,464$6,067$3,825$1,240
36 years$20,647$13,711$8,853$5,588$3,466$1,080
37 years$19,868$13,022$8,287$5,149$3,141$940
38 years$19,131$12,376$7,760$4,746$2,848$819
39 years$18,434$11,768$7,270$4,376$2,582$714
40 years$17,773$11,197$6,815$4,036$2,342$622
41 years$17,146$10,658$6,390$3,724$2,125$542
42 years$16,551$10,150$5,994$3,436$1,928$472
43 years$15,985$9,671$5,624$3,172$1,750$412
44 years$15,446$9,219$5,280$2,929$1,588$359
45 years$14,932$8,791$4,957$2,705$1,442$313
46 years$14,443$8,386$4,656$2,499$1,309$272
47 years$13,975$8,003$4,374$2,309$1,189$237
48 years$13,528$7,640$4,111$2,133$1,080$207
49 years$13,101$7,296$3,864$1,971$981$180
50 years$12,693$6,969$3,632$1,822$891$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $13,000,000, adding $4,456 every year, while hoping to spend $49,302 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: 61/20/19 Blend
63$13,000,000$13,000,000$13,000,000$13,000,000
64$14,330,596$13,641,596$13,440,096$15,134,125
65$15,739,860$14,257,578$13,837,883$16,293,276
66$17,291,217$14,902,090$14,247,342$17,551,881
67$18,999,107$15,576,478$14,668,815$18,924,342
68$20,879,444$16,282,154$15,102,648$20,421,720
69$22,949,762$17,020,594$15,549,201$22,056,183
70$25,229,381$17,793,347$16,008,843$23,841,117
71$27,739,593$18,602,035$16,481,954$25,791,248
72$30,503,855$19,448,359$16,968,923$27,922,779
73$33,548,019$20,334,099$17,470,153$30,253,540
74$36,900,571$21,261,124$17,986,057$32,803,153
75$40,592,898$22,231,388$18,517,058$35,593,212
76$44,659,589$23,246,941$19,063,596$38,647,484
77$49,138,758$24,309,933$19,626,117$41,992,128
78$54,072,406$25,422,613$20,205,086$45,655,942
79$59,506,812$26,587,342$20,800,978$49,670,625
80$65,492,977$27,806,592$21,414,281$54,071,075
81$72,087,100$29,082,954$22,045,498$58,895,712
82$79,351,109$30,419,144$22,695,147$64,186,838
83$87,353,247$31,818,007$23,363,760$69,991,028
84$96,168,716$33,282,527$24,051,884$76,359,569
85$105,880,384$34,815,830$24,760,081$83,348,932
86$116,579,569$36,421,192$25,488,930$91,021,305
87$128,366,903$38,102,048$26,239,026$99,445,170
88$141,353,274$39,861,996$27,010,981$108,695,947
89$155,660,884$41,704,809$27,805,425$118,856,696
90$171,424,392$43,634,442$28,623,004$130,018,895
91$188,792,189$45,655,039$29,464,384$142,283,296
92$207,927,801$47,770,945$30,330,249$155,760,869
93$229,011,427$49,986,712$31,221,303$170,573,844
94$252,241,646$52,307,114$32,138,270$186,856,851
95$277,837,285$54,737,154$33,081,893$204,758,187
96$306,039,490$57,282,076$34,052,938$224,441,205
97$337,113,998$59,947,378$35,052,192$246,085,848
98$371,353,648$62,738,821$36,080,462$269,890,336
99$409,081,143$65,662,447$37,138,581$296,073,028
100$450,652,100$68,724,587$38,227,404$324,874,472