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%18%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,003,053
2 years$531,449$521,552$511,959$502,659$493,637$460,116
3 years$350,780$340,840$331,272$322,058$313,184$280,779
4 years$260,463$250,553$241,081$232,025$223,365$192,324
5 years$206,287$196,437$187,089$178,217$169,799$140,205
6 years$170,182$160,405$151,195$142,522$134,356$106,234
7 years$144,402$134,708$125,644$117,175$109,267$82,613
8 years$125,077$115,470$106,556$98,295$90,648$65,444
9 years$110,053$100,537$91,777$83,726$76,339$52,555
10 years$98,042$88,619$80,013$72,172$65,044$42,644
11 years$88,220$78,892$70,442$62,812$55,940$34,883
12 years$80,042$70,809$62,516$55,094$48,477$28,715
13 years$73,127$63,991$55,854$48,640$42,273$23,759
14 years$67,205$58,166$50,185$43,177$37,056$19,738
15 years$62,077$53,136$45,310$38,506$32,627$16,453
16 years$57,595$48,751$41,080$34,478$28,836$13,752
17 years$53,644$44,898$37,381$30,978$25,568$11,520
18 years$50,136$41,488$34,124$27,918$22,734$9,669
19 years$47,001$38,450$31,239$25,226$20,263$8,128
20 years$44,183$35,730$28,670$22,847$18,099$6,841
21 years$41,637$33,281$26,371$20,735$16,197$5,764
22 years$39,325$31,067$24,305$18,853$14,518$4,861
23 years$37,217$29,056$22,441$17,170$13,032$4,103
24 years$35,288$27,224$20,754$15,660$11,714$3,465
25 years$33,516$25,548$19,223$14,302$10,541$2,928
26 years$31,883$24,011$17,828$13,077$9,495$2,475
27 years$30,373$22,597$16,555$11,969$8,560$2,093
28 years$28,974$21,293$15,390$10,966$7,724$1,771
29 years$27,674$20,088$14,322$10,056$6,975$1,498
30 years$26,462$18,971$13,340$9,229$6,302$1,268
31 years$25,331$17,934$12,436$8,476$5,698$1,074
32 years$24,273$16,969$11,603$7,790$5,154$909
33 years$23,281$16,070$10,834$7,164$4,664$770
34 years$22,349$15,230$10,123$6,591$4,223$652
35 years$21,473$14,446$9,464$6,067$3,825$552
36 years$20,647$13,711$8,853$5,588$3,466$468
37 years$19,868$13,022$8,287$5,149$3,141$396
38 years$19,131$12,376$7,760$4,746$2,848$336
39 years$18,434$11,768$7,270$4,376$2,582$284
40 years$17,773$11,197$6,815$4,036$2,342$241
41 years$17,146$10,658$6,390$3,724$2,125$204
42 years$16,551$10,150$5,994$3,436$1,928$173
43 years$15,985$9,671$5,624$3,172$1,750$147
44 years$15,446$9,219$5,280$2,929$1,588$124
45 years$14,932$8,791$4,957$2,705$1,442$105
46 years$14,443$8,386$4,656$2,499$1,309$89
47 years$13,975$8,003$4,374$2,309$1,189$76
48 years$13,528$7,640$4,111$2,133$1,080$64
49 years$13,101$7,296$3,864$1,971$981$54
50 years$12,693$6,969$3,632$1,822$891$46

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 $5,962 every year, while hoping to spend $26,800 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: 61/15/24 Blend
64$13,000,000$13,000,000$13,000,000$13,000,000
65$14,332,150$13,643,150$13,441,650$15,114,697
66$15,765,514$14,283,149$13,863,430$16,286,246
67$17,344,183$14,953,610$14,298,442$17,560,926
68$19,082,950$15,655,997$14,747,100$18,951,637
69$20,998,116$16,391,846$15,209,832$20,469,686
70$23,107,642$17,162,765$15,687,080$22,127,509
71$25,431,324$17,970,442$16,179,299$23,938,791
72$27,990,972$18,816,647$16,686,959$25,918,589
73$30,810,622$19,703,234$17,210,543$28,083,473
74$33,916,761$20,632,147$17,750,552$30,451,676
75$37,338,574$21,605,427$18,307,499$33,043,268
76$41,108,225$22,625,209$18,881,917$35,880,336
77$45,261,156$23,693,736$19,474,352$38,987,195
78$49,836,422$24,813,357$20,085,371$42,390,608
79$54,877,062$25,986,537$20,715,556$46,120,039
80$60,430,503$27,215,858$21,365,508$50,207,925
81$66,549,008$28,504,029$22,035,847$54,689,979
82$73,290,171$29,853,890$22,727,212$59,605,521
83$80,717,457$31,268,419$23,440,262$64,997,847
84$88,900,804$32,750,739$24,175,677$70,914,630
85$97,917,283$34,304,122$24,934,160$77,408,368
86$107,851,824$35,932,002$25,716,432$84,536,872
87$118,798,018$37,637,977$26,523,240$92,363,808
88$130,859,000$39,425,823$27,355,353$100,959,291
89$144,148,426$41,299,496$28,213,565$110,400,540
90$158,791,540$43,263,146$29,098,694$120,772,604
91$174,926,361$45,321,124$30,011,584$132,169,156
92$192,704,983$47,477,992$30,953,106$144,693,371
93$212,295,013$49,738,536$31,924,156$158,458,893
94$233,881,151$52,107,770$32,925,662$173,590,900
95$257,666,934$54,590,957$33,958,578$190,227,279
96$283,876,660$57,193,612$35,023,888$208,519,920
97$312,757,500$59,921,520$36,122,609$228,636,138
98$344,581,836$62,780,745$37,255,788$250,760,248
99$379,649,831$65,777,650$38,424,505$275,095,295
100$418,292,262$68,918,903$39,629,874$301,864,960