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%15.1%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,014,878
2 years$531,449$521,552$511,959$502,659$493,637$471,817
3 years$350,780$340,840$331,272$322,058$313,184$291,984
4 years$260,463$250,553$241,081$232,025$223,365$202,949
5 years$206,287$196,437$187,089$178,217$169,799$150,224
6 years$170,182$160,405$151,195$142,522$134,356$115,644
7 years$144,402$134,708$125,644$117,175$109,267$91,422
8 years$125,077$115,470$106,556$98,295$90,648$73,663
9 years$110,053$100,537$91,777$83,726$76,339$60,203
10 years$98,042$88,619$80,013$72,172$65,044$49,741
11 years$88,220$78,892$70,442$62,812$55,940$41,451
12 years$80,042$70,809$62,516$55,094$48,477$34,779
13 years$73,127$63,991$55,854$48,640$42,273$29,342
14 years$67,205$58,166$50,185$43,177$37,056$24,868
15 years$62,077$53,136$45,310$38,506$32,627$21,155
16 years$57,595$48,751$41,080$34,478$28,836$18,053
17 years$53,644$44,898$37,381$30,978$25,568$15,446
18 years$50,136$41,488$34,124$27,918$22,734$13,244
19 years$47,001$38,450$31,239$25,226$20,263$11,378
20 years$44,183$35,730$28,670$22,847$18,099$9,790
21 years$41,637$33,281$26,371$20,735$16,197$8,435
22 years$39,325$31,067$24,305$18,853$14,518$7,276
23 years$37,217$29,056$22,441$17,170$13,032$6,282
24 years$35,288$27,224$20,754$15,660$11,714$5,429
25 years$33,516$25,548$19,223$14,302$10,541$4,695
26 years$31,883$24,011$17,828$13,077$9,495$4,063
27 years$30,373$22,597$16,555$11,969$8,560$3,517
28 years$28,974$21,293$15,390$10,966$7,724$3,047
29 years$27,674$20,088$14,322$10,056$6,975$2,640
30 years$26,462$18,971$13,340$9,229$6,302$2,289
31 years$25,331$17,934$12,436$8,476$5,698$1,984
32 years$24,273$16,969$11,603$7,790$5,154$1,721
33 years$23,281$16,070$10,834$7,164$4,664$1,493
34 years$22,349$15,230$10,123$6,591$4,223$1,296
35 years$21,473$14,446$9,464$6,067$3,825$1,124
36 years$20,647$13,711$8,853$5,588$3,466$976
37 years$19,868$13,022$8,287$5,149$3,141$847
38 years$19,131$12,376$7,760$4,746$2,848$736
39 years$18,434$11,768$7,270$4,376$2,582$639
40 years$17,773$11,197$6,815$4,036$2,342$555
41 years$17,146$10,658$6,390$3,724$2,125$482
42 years$16,551$10,150$5,994$3,436$1,928$418
43 years$15,985$9,671$5,624$3,172$1,750$363
44 years$15,446$9,219$5,280$2,929$1,588$315
45 years$14,932$8,791$4,957$2,705$1,442$274
46 years$14,443$8,386$4,656$2,499$1,309$238
47 years$13,975$8,003$4,374$2,309$1,189$207
48 years$13,528$7,640$4,111$2,133$1,080$180
49 years$13,101$7,296$3,864$1,971$981$156
50 years$12,693$6,969$3,632$1,822$891$136

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 $5,673 every year, while hoping to spend $54,976 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: 75/11/14 Blend
63$13,000,000$13,000,000$13,000,000$13,000,000
64$14,331,852$13,642,852$13,441,352$15,363,847
65$15,735,207$14,252,857$13,833,143$16,656,367
66$17,279,861$14,890,911$14,236,217$18,065,129
67$18,980,170$15,558,328$14,650,893$19,607,612
68$20,851,949$16,256,489$15,077,500$21,297,094
69$22,912,628$16,986,837$15,516,376$23,148,196
70$25,181,410$17,750,886$15,967,869$25,177,015
71$27,679,457$18,550,222$16,432,335$27,401,276
72$30,430,085$19,386,506$16,910,142$29,840,495
73$33,458,987$20,261,478$17,401,665$32,516,162
74$36,794,476$21,176,963$17,907,293$35,451,945
75$40,467,749$22,134,871$18,427,424$38,673,907
76$44,513,184$23,137,204$18,962,467$42,210,751
77$48,968,661$24,186,059$19,512,842$46,094,088
78$53,875,923$25,283,635$20,078,981$50,358,736
79$59,280,968$26,432,234$20,661,328$55,043,042
80$65,234,484$27,634,271$21,260,340$60,189,243
81$71,792,325$28,892,273$21,876,484$65,843,863
82$79,016,038$30,208,891$22,510,243$72,058,147
83$86,973,449$31,586,902$23,162,111$78,888,545
84$95,739,296$33,029,215$23,832,596$86,397,237
85$105,395,937$34,538,879$24,522,222$94,652,721
86$116,034,130$36,119,091$25,231,523$103,730,453
87$127,753,884$37,773,200$25,961,052$113,713,559
88$140,665,408$39,504,714$26,711,375$124,693,613
89$154,890,147$41,317,313$27,483,073$136,771,498
90$170,561,930$43,214,850$28,276,745$150,058,356
91$187,828,235$45,201,365$29,093,004$164,676,632
92$206,851,576$47,281,093$29,932,480$180,761,224
93$227,811,041$49,458,471$30,795,823$198,460,755
94$250,903,980$51,738,149$31,683,696$217,938,968
95$276,347,870$54,125,002$32,596,783$239,376,268
96$304,382,365$56,624,139$33,535,787$262,971,422
97$335,271,558$59,240,914$34,501,429$288,943,427
98$369,306,479$61,980,941$35,494,449$317,533,571
99$406,807,834$64,850,101$36,515,607$349,007,709
100$448,129,039$67,854,561$37,565,685$383,658,763