Can I retire at age 65 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,039,332
2 years$547,802$537,599$527,712$518,125$508,826$479,618
3 years$361,573$351,327$341,464$331,968$322,820$294,521
4 years$268,478$258,263$248,499$239,164$230,238$203,065
5 years$212,635$202,481$192,845$183,701$175,023$149,052
6 years$175,418$165,341$155,848$146,907$138,490$113,744
7 years$148,845$138,853$129,510$120,780$112,629$89,111
8 years$128,925$119,023$109,835$101,320$93,437$71,133
9 years$113,439$103,631$94,601$86,302$78,687$57,577
10 years$101,058$91,345$82,475$74,393$67,046$47,101
11 years$90,935$81,319$72,610$64,744$57,661$38,852
12 years$82,505$72,988$64,439$56,789$49,968$32,259
13 years$75,377$65,960$57,572$50,137$43,573$26,927
14 years$69,273$59,956$51,729$44,506$38,196$22,572
15 years$63,987$54,771$46,704$39,691$33,631$18,989
16 years$59,367$50,251$42,344$35,539$29,723$16,021
17 years$55,295$46,279$38,532$31,932$26,354$13,549
18 years$51,679$42,764$35,174$28,777$23,433$11,482
19 years$48,447$39,633$32,200$26,002$20,887$9,747
20 years$45,542$36,829$29,552$23,550$18,656$8,285
21 years$42,918$34,305$27,182$21,373$16,695$7,051
22 years$40,535$32,022$25,053$19,433$14,965$6,007
23 years$38,362$29,950$23,132$17,698$13,433$5,122
24 years$36,374$28,061$21,393$16,142$12,074$4,371
25 years$34,547$26,334$19,814$14,742$10,865$3,732
26 years$32,864$24,750$18,376$13,479$9,787$3,188
27 years$31,308$23,292$17,064$12,338$8,824$2,725
28 years$29,866$21,948$15,863$11,304$7,962$2,330
29 years$28,525$20,706$14,762$10,366$7,189$1,992
30 years$27,277$19,554$13,750$9,513$6,496$1,704
31 years$26,111$18,485$12,819$8,737$5,873$1,459
32 years$25,020$17,491$11,960$8,030$5,312$1,248
33 years$23,997$16,564$11,168$7,384$4,808$1,069
34 years$23,037$15,699$10,434$6,794$4,353$915
35 years$22,134$14,890$9,755$6,254$3,943$783
36 years$21,282$14,133$9,126$5,760$3,572$671
37 years$20,479$13,423$8,542$5,307$3,238$574
38 years$19,720$12,757$7,999$4,892$2,935$492
39 years$19,001$12,130$7,494$4,510$2,662$421
40 years$18,320$11,541$7,024$4,160$2,414$361
41 years$17,674$10,986$6,586$3,838$2,190$309
42 years$17,060$10,463$6,178$3,542$1,987$265
43 years$16,477$9,969$5,798$3,270$1,804$227
44 years$15,921$9,502$5,442$3,019$1,637$194
45 years$15,392$9,061$5,110$2,788$1,486$167
46 years$14,887$8,644$4,799$2,576$1,350$143
47 years$14,405$8,249$4,509$2,380$1,225$122
48 years$13,945$7,875$4,237$2,199$1,113$105
49 years$13,504$7,520$3,983$2,032$1,011$90
50 years$13,083$7,184$3,744$1,878$918$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $13,400,000, adding $4,275 every year, while hoping to spend $51,352 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: 47/24/29 Blend
64$13,400,000$13,400,000$13,400,000$13,400,000
65$14,771,210$14,061,010$13,853,310$15,342,339
66$16,223,235$14,695,361$14,262,757$16,380,921
67$17,821,646$15,359,074$14,684,201$17,502,331
68$19,581,319$16,053,535$15,117,987$18,718,709
69$21,518,648$16,780,192$15,564,473$20,039,018
70$23,651,695$17,540,567$16,024,029$21,473,107
71$26,000,365$18,336,251$16,497,030$23,031,800
72$28,586,589$19,168,915$16,983,868$24,726,992
73$31,434,535$20,040,305$17,484,942$26,571,762
74$34,570,833$20,952,256$18,000,663$28,580,487
75$38,024,828$21,906,686$18,531,455$30,768,976
76$41,828,855$22,905,608$19,077,753$33,154,614
77$46,018,546$23,951,131$19,640,005$35,756,521
78$50,633,164$25,045,463$20,218,672$38,595,729
79$55,715,977$26,190,920$20,814,227$41,695,371
80$61,314,660$27,389,929$21,427,158$45,080,899
81$67,481,753$28,645,033$22,057,965$48,780,315
82$74,275,148$29,958,896$22,707,163$52,824,429
83$81,758,642$31,334,311$23,375,282$57,247,146
84$90,002,537$32,774,206$24,062,868$62,085,779
85$99,084,302$34,281,648$24,770,479$67,381,392
86$109,089,304$35,859,852$25,498,694$73,179,184
87$120,111,615$37,512,187$26,248,103$79,528,903
88$132,254,902$39,242,186$27,019,316$86,485,315
89$145,633,398$41,053,550$27,812,959$94,108,705
90$160,372,989$42,950,158$28,629,678$102,465,446
91$176,612,395$44,936,077$29,470,133$111,628,607
92$194,504,484$47,015,569$30,335,007$121,678,643
93$214,217,711$49,193,101$31,224,999$132,704,139
94$235,937,710$51,473,356$32,140,829$144,802,637
95$259,869,048$53,861,242$33,083,239$158,081,547
96$286,237,152$56,361,903$34,052,988$172,659,151
97$315,290,438$58,980,733$35,050,860$188,665,707
98$347,302,658$61,723,385$36,077,659$206,244,666
99$382,575,481$64,595,783$37,134,212$225,554,014
100$421,441,343$67,604,138$38,221,371$246,767,752