Can I retire at age 65 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%13.2%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,022,837
2 years$531,449$521,552$511,959$502,659$493,637$479,755
3 years$350,780$340,840$331,272$322,058$313,184$299,651
4 years$260,463$250,553$241,081$232,025$223,365$210,287
5 years$206,287$196,437$187,089$178,217$169,799$157,213
6 years$170,182$160,405$151,195$142,522$134,356$122,278
7 years$144,402$134,708$125,644$117,175$109,267$97,701
8 years$125,077$115,470$106,556$98,295$90,648$79,593
9 years$110,053$100,537$91,777$83,726$76,339$65,789
10 years$98,042$88,619$80,013$72,172$65,044$54,993
11 years$88,220$78,892$70,442$62,812$55,940$46,377
12 years$80,042$70,809$62,516$55,094$48,477$39,392
13 years$73,127$63,991$55,854$48,640$42,273$33,653
14 years$67,205$58,166$50,185$43,177$37,056$28,889
15 years$62,077$53,136$45,310$38,506$32,627$24,899
16 years$57,595$48,751$41,080$34,478$28,836$21,533
17 years$53,644$44,898$37,381$30,978$25,568$18,675
18 years$50,136$41,488$34,124$27,918$22,734$16,235
19 years$47,001$38,450$31,239$25,226$20,263$14,144
20 years$44,183$35,730$28,670$22,847$18,099$12,344
21 years$41,637$33,281$26,371$20,735$16,197$10,789
22 years$39,325$31,067$24,305$18,853$14,518$9,443
23 years$37,217$29,056$22,441$17,170$13,032$8,275
24 years$35,288$27,224$20,754$15,660$11,714$7,258
25 years$33,516$25,548$19,223$14,302$10,541$6,372
26 years$31,883$24,011$17,828$13,077$9,495$5,598
27 years$30,373$22,597$16,555$11,969$8,560$4,921
28 years$28,974$21,293$15,390$10,966$7,724$4,329
29 years$27,674$20,088$14,322$10,056$6,975$3,810
30 years$26,462$18,971$13,340$9,229$6,302$3,355
31 years$25,331$17,934$12,436$8,476$5,698$2,955
32 years$24,273$16,969$11,603$7,790$5,154$2,604
33 years$23,281$16,070$10,834$7,164$4,664$2,295
34 years$22,349$15,230$10,123$6,591$4,223$2,023
35 years$21,473$14,446$9,464$6,067$3,825$1,784
36 years$20,647$13,711$8,853$5,588$3,466$1,574
37 years$19,868$13,022$8,287$5,149$3,141$1,388
38 years$19,131$12,376$7,760$4,746$2,848$1,225
39 years$18,434$11,768$7,270$4,376$2,582$1,081
40 years$17,773$11,197$6,815$4,036$2,342$954
41 years$17,146$10,658$6,390$3,724$2,125$842
42 years$16,551$10,150$5,994$3,436$1,928$743
43 years$15,985$9,671$5,624$3,172$1,750$656
44 years$15,446$9,219$5,280$2,929$1,588$579
45 years$14,932$8,791$4,957$2,705$1,442$512
46 years$14,443$8,386$4,656$2,499$1,309$452
47 years$13,975$8,003$4,374$2,309$1,189$399
48 years$13,528$7,640$4,111$2,133$1,080$352
49 years$13,101$7,296$3,864$1,971$981$311
50 years$12,693$6,969$3,632$1,822$891$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $13,000,000, adding $3,779 every year, while hoping to spend $28,847 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: 74/18/8 Blend
64$13,000,000$13,000,000$13,000,000$13,000,000
65$14,329,898$13,640,898$13,439,398$15,372,250
66$15,760,855$14,278,609$13,858,925$16,697,274
67$17,336,802$14,946,601$14,291,539$18,144,411
68$19,072,499$15,646,327$14,737,649$19,728,930
69$20,984,208$16,379,312$15,197,674$21,464,417
70$23,089,850$17,147,151$15,672,049$23,365,823
71$25,409,173$17,951,520$16,161,221$25,449,606
72$27,963,939$18,794,174$16,665,652$27,733,880
73$30,778,125$19,676,954$17,185,816$30,238,588
74$33,878,158$20,601,788$17,722,205$32,985,683
75$37,293,155$21,570,700$18,275,323$35,999,334
76$41,055,203$22,585,811$18,845,693$39,306,152
77$45,199,662$23,649,344$19,433,852$42,935,435
78$49,765,496$24,763,630$20,040,354$46,919,445
79$54,795,642$25,931,114$20,665,772$51,293,704
80$60,337,416$27,154,357$21,310,694$56,097,331
81$66,442,958$28,436,046$21,975,728$61,373,402
82$73,169,726$29,778,999$22,661,501$67,169,357
83$80,581,037$31,186,168$23,368,660$73,537,440
84$88,746,663$32,660,651$24,097,870$80,535,190
85$97,743,493$34,205,694$24,849,820$88,225,979
86$107,656,258$35,824,701$25,625,217$96,679,602
87$118,578,326$37,521,241$26,424,792$105,972,936
88$130,612,591$39,299,058$27,249,298$116,190,658
89$143,872,438$41,162,074$28,099,512$127,426,035
90$158,482,817$43,114,406$28,976,236$139,781,805
91$174,581,419$45,160,366$29,880,294$153,371,135
92$192,319,979$47,304,480$30,812,540$168,318,688
93$211,865,706$49,551,489$31,773,850$184,761,788
94$233,402,865$51,906,368$32,765,130$202,851,712
95$257,134,509$54,374,332$33,787,314$222,755,108
96$283,284,405$56,960,850$34,841,364$244,655,567
97$312,099,138$59,671,656$35,928,274$268,755,339
98$343,850,445$62,512,763$37,049,067$295,277,240
99$378,837,778$65,490,475$38,204,797$324,466,744
100$417,391,128$68,611,405$39,396,555$356,594,293