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%14.3%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,018,208
2 years$531,449$521,552$511,959$502,659$493,637$475,132
3 years$350,780$340,840$331,272$322,058$313,184$295,180
4 years$260,463$250,553$241,081$232,025$223,365$206,002
5 years$206,287$196,437$187,089$178,217$169,799$153,125
6 years$170,182$160,405$151,195$142,522$134,356$118,391
7 years$144,402$134,708$125,644$117,175$109,267$94,015
8 years$125,077$115,470$106,556$98,295$90,648$76,105
9 years$110,053$100,537$91,777$83,726$76,339$62,497
10 years$98,042$88,619$80,013$72,172$65,044$51,891
11 years$88,220$78,892$70,442$62,812$55,940$43,461
12 years$80,042$70,809$62,516$55,094$48,477$36,655
13 years$73,127$63,991$55,854$48,640$42,273$31,090
14 years$67,205$58,166$50,185$43,177$37,056$26,493
15 years$62,077$53,136$45,310$38,506$32,627$22,662
16 years$57,595$48,751$41,080$34,478$28,836$19,448
17 years$53,644$44,898$37,381$30,978$25,568$16,735
18 years$50,136$41,488$34,124$27,918$22,734$14,434
19 years$47,001$38,450$31,239$25,226$20,263$12,474
20 years$44,183$35,730$28,670$22,847$18,099$10,797
21 years$41,637$33,281$26,371$20,735$16,197$9,360
22 years$39,325$31,067$24,305$18,853$14,518$8,123
23 years$37,217$29,056$22,441$17,170$13,032$7,058
24 years$35,288$27,224$20,754$15,660$11,714$6,138
25 years$33,516$25,548$19,223$14,302$10,541$5,342
26 years$31,883$24,011$17,828$13,077$9,495$4,652
27 years$30,373$22,597$16,555$11,969$8,560$4,054
28 years$28,974$21,293$15,390$10,966$7,724$3,534
29 years$27,674$20,088$14,322$10,056$6,975$3,083
30 years$26,462$18,971$13,340$9,229$6,302$2,690
31 years$25,331$17,934$12,436$8,476$5,698$2,348
32 years$24,273$16,969$11,603$7,790$5,154$2,050
33 years$23,281$16,070$10,834$7,164$4,664$1,790
34 years$22,349$15,230$10,123$6,591$4,223$1,564
35 years$21,473$14,446$9,464$6,067$3,825$1,367
36 years$20,647$13,711$8,853$5,588$3,466$1,194
37 years$19,868$13,022$8,287$5,149$3,141$1,044
38 years$19,131$12,376$7,760$4,746$2,848$912
39 years$18,434$11,768$7,270$4,376$2,582$798
40 years$17,773$11,197$6,815$4,036$2,342$697
41 years$17,146$10,658$6,390$3,724$2,125$610
42 years$16,551$10,150$5,994$3,436$1,928$533
43 years$15,985$9,671$5,624$3,172$1,750$466
44 years$15,446$9,219$5,280$2,929$1,588$408
45 years$14,932$8,791$4,957$2,705$1,442$357
46 years$14,443$8,386$4,656$2,499$1,309$312
47 years$13,975$8,003$4,374$2,309$1,189$273
48 years$13,528$7,640$4,111$2,133$1,080$239
49 years$13,101$7,296$3,864$1,971$981$209
50 years$12,693$6,969$3,632$1,822$891$183

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 $3,241 every year, while hoping to spend $31,122 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: 38/45/17 Blend
63$13,000,000$13,000,000$13,000,000$13,000,000
64$14,329,343$13,640,343$13,438,843$14,800,395
65$15,757,823$14,275,606$13,855,931$15,774,166
66$17,330,964$14,940,954$14,285,948$16,822,633
67$19,063,489$15,637,829$14,729,294$17,955,070
68$20,971,623$16,367,740$15,186,383$19,179,057
69$23,073,241$17,132,272$15,657,640$20,502,902
70$25,388,044$17,933,085$16,143,503$21,935,715
71$27,937,738$18,771,920$16,644,424$23,487,487
72$30,746,245$19,650,602$17,160,870$25,169,179
73$33,839,924$20,571,043$17,693,321$26,992,818
74$37,247,821$21,535,249$18,242,272$28,971,599
75$41,001,944$22,545,322$18,808,233$31,120,009
76$45,137,566$23,603,466$19,391,733$33,453,951
77$49,693,554$24,711,992$19,993,312$35,990,888
78$54,712,739$25,873,322$20,613,531$38,749,999
79$60,242,320$27,089,997$21,252,966$41,752,347
80$66,334,309$28,364,678$21,912,212$45,021,074
81$73,046,019$29,700,158$22,591,882$48,581,609
82$80,440,610$31,099,364$23,292,607$52,461,890
83$88,587,683$32,565,363$24,015,040$56,692,628
84$97,563,934$34,101,373$24,759,851$61,307,578
85$107,453,882$35,710,767$25,527,733$66,343,845
86$118,350,665$37,397,082$26,319,399$71,842,228
87$130,356,920$39,164,026$27,135,586$77,847,586
88$143,585,749$41,015,486$27,977,051$84,409,250
89$158,161,790$42,955,539$28,844,577$91,581,477
90$174,222,391$44,988,459$29,738,969$99,423,940
91$191,918,908$47,118,728$30,661,058$108,002,284
92$211,418,135$49,351,043$31,611,701$117,388,723
93$232,903,872$51,690,332$32,591,781$127,662,708
94$256,578,669$54,141,760$33,602,207$138,911,654
95$282,665,731$56,710,744$34,643,919$151,231,756
96$311,411,029$59,402,964$35,717,884$164,728,865
97$343,085,619$62,224,374$36,825,098$179,519,476
98$377,988,203$65,181,219$37,966,590$195,731,803
99$416,447,948$68,280,047$39,143,419$213,506,964
100$458,827,593$71,527,724$40,356,678$233,000,292