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

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,032,179
2 years$539,626$529,576$519,835$510,392$501,232$480,754
3 years$356,177$346,083$336,368$327,013$318,002$298,093
4 years$264,470$254,408$244,790$235,594$226,802$207,614
5 years$209,461$199,459$189,967$180,959$172,411$154,000
6 years$172,800$162,873$153,521$144,714$136,423$118,809
7 years$146,624$136,781$127,577$118,978$110,948$94,136
8 years$127,001$117,246$108,195$99,807$92,042$76,026
9 years$111,746$102,084$93,189$85,014$77,513$62,283
10 years$99,550$89,982$81,244$73,283$66,045$51,587
11 years$89,578$80,106$71,526$63,778$56,801$43,098
12 years$81,273$71,899$63,477$55,942$49,222$36,254
13 years$74,252$64,975$56,713$49,388$42,923$30,669
14 years$68,239$59,061$50,957$43,841$37,626$26,063
15 years$63,032$53,953$46,007$39,099$33,129$22,233
16 years$58,481$49,501$41,712$35,009$29,279$19,027
17 years$54,469$45,589$37,956$31,455$25,961$16,326
18 years$50,907$42,126$34,649$28,347$23,083$14,040
19 years$47,724$39,042$31,720$25,614$20,575$12,097
20 years$44,863$36,280$29,111$23,199$18,378$10,440
21 years$42,277$33,793$26,776$21,054$16,446$9,022
22 years$39,930$31,544$24,679$19,143$14,742$7,807
23 years$37,790$29,503$22,786$17,434$13,233$6,762
24 years$35,831$27,642$21,073$15,901$11,894$5,862
25 years$34,032$25,941$19,518$14,522$10,703$5,085
26 years$32,373$24,380$18,102$13,278$9,641$4,414
27 years$30,841$22,945$16,809$12,153$8,692$3,834
28 years$29,420$21,621$15,627$11,135$7,843$3,332
29 years$28,100$20,397$14,542$10,211$7,082$2,897
30 years$26,869$19,262$13,545$9,371$6,399$2,520
31 years$25,721$18,209$12,628$8,607$5,785$2,192
32 years$24,647$17,230$11,782$7,910$5,233$1,908
33 years$23,639$16,317$11,001$7,274$4,736$1,660
34 years$22,693$15,465$10,279$6,693$4,288$1,446
35 years$21,803$14,668$9,610$6,161$3,884$1,259
36 years$20,965$13,922$8,990$5,674$3,519$1,096
37 years$20,173$13,223$8,414$5,228$3,189$955
38 years$19,425$12,566$7,880$4,819$2,891$832
39 years$18,717$11,949$7,382$4,443$2,622$725
40 years$18,046$11,369$6,919$4,098$2,378$631
41 years$17,410$10,822$6,488$3,781$2,158$550
42 years$16,806$10,307$6,086$3,489$1,958$479
43 years$16,231$9,820$5,711$3,221$1,777$418
44 years$15,683$9,361$5,361$2,974$1,613$364
45 years$15,162$8,926$5,034$2,747$1,464$317
46 years$14,665$8,515$4,728$2,537$1,329$277
47 years$14,190$8,126$4,442$2,344$1,207$241
48 years$13,737$7,757$4,174$2,166$1,096$210
49 years$13,303$7,408$3,923$2,002$996$183
50 years$12,888$7,076$3,688$1,850$904$160

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 $5,031 every year, while hoping to spend $48,880 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: 59/28/13 Blend
64$13,200,000$13,200,000$13,200,000$13,200,000
65$14,551,589$13,851,989$13,647,389$15,362,948
66$15,983,844$14,478,729$14,052,569$16,537,171
67$17,560,550$15,134,541$14,469,684$17,811,108
68$19,296,390$15,820,797$14,899,082$19,199,108
69$21,207,542$16,538,937$15,341,122$20,712,160
70$23,311,834$17,290,468$15,796,173$22,362,347
71$25,628,910$18,076,969$16,264,613$24,162,956
72$28,180,414$18,900,096$16,746,833$26,128,600
73$30,990,198$19,761,582$17,243,233$28,275,350
74$34,084,544$20,663,246$17,754,228$30,620,883
75$37,492,415$21,606,992$18,280,242$33,184,646
76$41,245,722$22,594,816$18,821,711$35,988,034
77$45,379,633$23,628,809$19,379,085$39,054,585
78$49,932,898$24,711,163$19,952,828$42,410,202
79$54,948,220$25,844,176$20,543,413$46,083,386
80$60,472,652$27,030,255$21,151,332$50,105,506
81$66,558,048$28,271,923$21,777,086$54,511,082
82$73,261,545$29,571,823$22,421,195$59,338,112
83$80,646,109$30,932,728$23,084,191$64,628,420
84$88,781,122$32,357,542$23,766,622$70,428,044
85$97,743,043$33,849,309$24,469,050$76,787,667
86$107,616,128$35,411,219$25,192,057$83,763,084
87$118,493,220$37,046,616$25,936,239$91,415,723
88$130,476,634$38,759,005$26,702,208$99,813,220
89$143,679,115$40,552,061$27,490,596$109,030,043
90$158,224,905$42,429,633$28,302,052$119,148,190
91$174,250,918$44,395,757$29,137,243$130,257,955
92$191,908,027$46,454,664$29,996,856$142,458,768
93$211,362,491$48,610,788$30,881,597$155,860,125
94$232,797,526$50,868,778$31,792,191$170,582,612
95$256,415,031$53,233,505$32,729,386$186,759,031
96$282,437,494$55,710,077$33,693,950$204,535,644
97$311,110,094$58,303,846$34,686,674$224,073,539
98$342,703,015$61,020,426$35,708,368$245,550,143
99$377,513,994$63,865,698$36,759,870$269,160,879
100$415,871,134$66,845,830$37,842,038$295,121,000