Can I retire at age 65 with 13,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,019,301
2 years$539,626$529,576$519,835$510,392$501,232$467,998
3 years$356,177$346,083$336,368$327,013$318,002$285,864
4 years$264,470$254,408$244,790$235,594$226,802$196,005
5 years$209,461$199,459$189,967$180,959$172,411$143,039
6 years$172,800$162,873$153,521$144,714$136,423$108,500
7 years$146,624$136,781$127,577$118,978$110,948$84,472
8 years$127,001$117,246$108,195$99,807$92,042$66,995
9 years$111,746$102,084$93,189$85,014$77,513$53,866
10 years$99,550$89,982$81,244$73,283$66,045$43,764
11 years$89,578$80,106$71,526$63,778$56,801$35,844
12 years$81,273$71,899$63,477$55,942$49,222$29,546
13 years$74,252$64,975$56,713$49,388$42,923$24,479
14 years$68,239$59,061$50,957$43,841$37,626$20,365
15 years$63,032$53,953$46,007$39,099$33,129$17,000
16 years$58,481$49,501$41,712$35,009$29,279$14,229
17 years$54,469$45,589$37,956$31,455$25,961$11,938
18 years$50,907$42,126$34,649$28,347$23,083$10,034
19 years$47,724$39,042$31,720$25,614$20,575$8,447
20 years$44,863$36,280$29,111$23,199$18,378$7,121
21 years$42,277$33,793$26,776$21,054$16,446$6,009
22 years$39,930$31,544$24,679$19,143$14,742$5,076
23 years$37,790$29,503$22,786$17,434$13,233$4,291
24 years$35,831$27,642$21,073$15,901$11,894$3,629
25 years$34,032$25,941$19,518$14,522$10,703$3,072
26 years$32,373$24,380$18,102$13,278$9,641$2,601
27 years$30,841$22,945$16,809$12,153$8,692$2,203
28 years$29,420$21,621$15,627$11,135$7,843$1,867
29 years$28,100$20,397$14,542$10,211$7,082$1,582
30 years$26,869$19,262$13,545$9,371$6,399$1,341
31 years$25,721$18,209$12,628$8,607$5,785$1,137
32 years$24,647$17,230$11,782$7,910$5,233$965
33 years$23,639$16,317$11,001$7,274$4,736$818
34 years$22,693$15,465$10,279$6,693$4,288$694
35 years$21,803$14,668$9,610$6,161$3,884$589
36 years$20,965$13,922$8,990$5,674$3,519$500
37 years$20,173$13,223$8,414$5,228$3,189$424
38 years$19,425$12,566$7,880$4,819$2,891$360
39 years$18,717$11,949$7,382$4,443$2,622$305
40 years$18,046$11,369$6,919$4,098$2,378$259
41 years$17,410$10,822$6,488$3,781$2,158$220
42 years$16,806$10,307$6,086$3,489$1,958$187
43 years$16,231$9,820$5,711$3,221$1,777$158
44 years$15,683$9,361$5,361$2,974$1,613$134
45 years$15,162$8,926$5,034$2,747$1,464$114
46 years$14,665$8,515$4,728$2,537$1,329$97
47 years$14,190$8,126$4,442$2,344$1,207$82
48 years$13,737$7,757$4,174$2,166$1,096$70
49 years$13,303$7,408$3,923$2,002$996$59
50 years$12,888$7,076$3,688$1,850$904$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $13,200,000, adding $6,379 every year, while hoping to spend $47,124 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: 43/46/11 Blend
64$13,200,000$13,200,000$13,200,000$13,200,000
65$14,552,980$13,853,380$13,648,780$15,132,085
66$15,987,244$14,482,056$14,055,874$16,165,343
67$17,566,224$15,139,958$14,475,027$17,278,784
68$19,304,631$15,828,468$14,906,593$18,483,956
69$21,218,675$16,549,034$15,350,935$19,789,280
70$23,326,218$17,303,175$15,808,429$21,203,995
71$25,646,942$18,092,480$16,279,462$22,738,239
72$28,202,536$18,918,617$16,764,429$24,403,140
73$31,016,898$19,783,333$17,263,741$26,210,911
74$34,116,362$20,688,457$17,777,817$28,174,962
75$37,529,948$21,635,908$18,307,091$30,310,019
76$41,289,631$22,627,697$18,852,007$32,632,256
77$45,430,649$23,665,929$19,413,025$35,159,437
78$49,991,829$24,752,813$19,990,615$37,911,082
79$55,015,957$25,890,663$20,585,262$40,908,637
80$60,550,183$27,081,904$21,197,467$44,175,670
81$66,646,462$28,329,077$21,827,742$47,738,088
82$73,362,047$29,634,848$22,476,617$51,624,365
83$80,760,027$31,002,006$23,144,635$55,865,806
84$88,909,925$32,433,480$23,832,355$60,496,831
85$97,888,352$33,932,335$24,540,354$65,555,288
86$107,779,732$35,501,788$25,269,224$71,082,802
87$118,677,095$37,145,207$26,019,574$77,125,152
88$130,682,961$38,866,123$26,792,032$83,732,692
89$143,910,300$40,668,241$27,587,242$90,960,815
90$158,483,605$42,555,438$28,405,868$98,870,460
91$174,540,062$44,531,784$29,248,594$107,528,677
92$192,230,848$46,601,541$30,116,122$117,009,239
93$211,722,556$48,769,179$31,009,174$127,393,327
94$233,198,771$51,039,382$31,928,495$138,770,278
95$256,861,795$53,417,061$32,874,849$151,238,414
96$282,934,565$55,907,365$33,849,024$164,905,949
97$311,662,753$58,515,688$34,851,829$179,891,993
98$343,317,086$61,247,688$35,884,097$196,327,658
99$378,195,899$64,109,296$36,946,685$214,357,271
100$416,627,956$67,106,727$38,040,474$234,139,722