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%13.6%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,021,147
2 years$531,449$521,552$511,959$502,659$493,637$478,065
3 years$350,780$340,840$331,272$322,058$313,184$298,015
4 years$260,463$250,553$241,081$232,025$223,365$208,717
5 years$206,287$196,437$187,089$178,217$169,799$155,713
6 years$170,182$160,405$151,195$142,522$134,356$120,849
7 years$144,402$134,708$125,644$117,175$109,267$96,344
8 years$125,077$115,470$106,556$98,295$90,648$78,307
9 years$110,053$100,537$91,777$83,726$76,339$64,573
10 years$98,042$88,619$80,013$72,172$65,044$53,845
11 years$88,220$78,892$70,442$62,812$55,940$45,296
12 years$80,042$70,809$62,516$55,094$48,477$38,375
13 years$73,127$63,991$55,854$48,640$42,273$32,699
14 years$67,205$58,166$50,185$43,177$37,056$27,995
15 years$62,077$53,136$45,310$38,506$32,627$24,063
16 years$57,595$48,751$41,080$34,478$28,836$20,752
17 years$53,644$44,898$37,381$30,978$25,568$17,946
18 years$50,136$41,488$34,124$27,918$22,734$15,557
19 years$47,001$38,450$31,239$25,226$20,263$13,513
20 years$44,183$35,730$28,670$22,847$18,099$11,759
21 years$41,637$33,281$26,371$20,735$16,197$10,247
22 years$39,325$31,067$24,305$18,853$14,518$8,941
23 years$37,217$29,056$22,441$17,170$13,032$7,811
24 years$35,288$27,224$20,754$15,660$11,714$6,830
25 years$33,516$25,548$19,223$14,302$10,541$5,977
26 years$31,883$24,011$17,828$13,077$9,495$5,234
27 years$30,373$22,597$16,555$11,969$8,560$4,587
28 years$28,974$21,293$15,390$10,966$7,724$4,022
29 years$27,674$20,088$14,322$10,056$6,975$3,528
30 years$26,462$18,971$13,340$9,229$6,302$3,096
31 years$25,331$17,934$12,436$8,476$5,698$2,718
32 years$24,273$16,969$11,603$7,790$5,154$2,387
33 years$23,281$16,070$10,834$7,164$4,664$2,097
34 years$22,349$15,230$10,123$6,591$4,223$1,843
35 years$21,473$14,446$9,464$6,067$3,825$1,620
36 years$20,647$13,711$8,853$5,588$3,466$1,424
37 years$19,868$13,022$8,287$5,149$3,141$1,252
38 years$19,131$12,376$7,760$4,746$2,848$1,101
39 years$18,434$11,768$7,270$4,376$2,582$968
40 years$17,773$11,197$6,815$4,036$2,342$851
41 years$17,146$10,658$6,390$3,724$2,125$749
42 years$16,551$10,150$5,994$3,436$1,928$659
43 years$15,985$9,671$5,624$3,172$1,750$580
44 years$15,446$9,219$5,280$2,929$1,588$510
45 years$14,932$8,791$4,957$2,705$1,442$449
46 years$14,443$8,386$4,656$2,499$1,309$395
47 years$13,975$8,003$4,374$2,309$1,189$347
48 years$13,528$7,640$4,111$2,133$1,080$306
49 years$13,101$7,296$3,864$1,971$981$269
50 years$12,693$6,969$3,632$1,822$891$237

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 $3,728 every year, while hoping to spend $31,321 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: 86/6/8 Blend
63$13,000,000$13,000,000$13,000,000$13,000,000
64$14,329,845$13,640,845$13,439,345$15,550,042
65$15,758,164$14,275,922$13,856,238$16,981,598
66$17,331,122$14,941,067$14,286,047$18,549,821
67$19,063,439$15,637,721$14,729,172$20,272,158
68$20,971,335$16,367,395$15,186,024$22,164,111
69$23,072,684$17,131,670$15,657,029$24,242,756
70$25,387,182$17,932,207$16,142,624$26,526,898
71$27,936,534$18,770,744$16,643,261$29,037,254
72$30,744,655$19,649,104$17,159,405$31,796,643
73$33,837,900$20,569,201$17,691,535$34,830,202
74$37,245,310$21,533,036$18,240,146$38,165,622
75$40,998,889$22,542,712$18,805,748$41,833,406
76$45,133,901$23,600,431$19,388,867$45,867,159
77$49,689,208$24,708,501$19,990,043$50,303,899
78$54,707,633$25,869,343$20,609,835$55,184,411
79$60,236,367$27,085,496$21,248,820$60,553,625
80$66,327,411$28,359,620$21,907,589$66,461,041
81$73,038,070$29,694,504$22,586,757$72,961,194
82$80,431,492$31,093,074$23,286,952$80,114,166
83$88,577,264$32,558,395$24,008,825$87,986,156
84$97,552,070$34,093,681$24,753,046$96,650,094
85$107,440,415$35,702,305$25,520,306$106,186,336
86$118,335,418$37,387,799$26,311,318$116,683,417
87$130,339,699$39,153,869$27,126,815$128,238,883
88$143,566,339$41,004,400$27,967,554$140,960,213
89$158,139,954$42,943,464$28,834,316$154,965,828
90$174,197,869$44,975,333$29,727,904$170,386,209
91$191,891,411$47,104,484$30,649,149$187,365,123
92$211,387,343$49,335,612$31,598,903$206,060,980
93$232,869,435$51,673,640$32,578,050$226,648,326
94$256,540,199$54,123,730$33,587,496$249,319,486
95$282,622,801$56,691,294$34,628,178$274,286,376
96$311,363,166$59,382,007$35,701,062$301,782,502
97$343,032,303$62,201,819$36,807,141$332,065,162
98$377,928,859$65,156,970$37,947,442$365,417,869
99$416,381,943$68,254,002$39,123,022$402,153,022
100$458,754,229$71,499,775$40,334,970$442,614,859