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

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,041,436
2 years$547,802$537,599$527,712$518,125$508,826$481,700
3 years$361,573$351,327$341,464$331,968$322,820$296,516
4 years$268,478$258,263$248,499$239,164$230,238$204,957
5 years$212,635$202,481$192,845$183,701$175,023$150,837
6 years$175,418$165,341$155,848$146,907$138,490$115,421
7 years$148,845$138,853$129,510$120,780$112,629$90,681
8 years$128,925$119,023$109,835$101,320$93,437$72,599
9 years$113,439$103,631$94,601$86,302$78,687$58,941
10 years$101,058$91,345$82,475$74,393$67,046$48,368
11 years$90,935$81,319$72,610$64,744$57,661$40,025
12 years$82,505$72,988$64,439$56,789$49,968$33,342
13 years$75,377$65,960$57,572$50,137$43,573$27,925
14 years$69,273$59,956$51,729$44,506$38,196$23,489
15 years$63,987$54,771$46,704$39,691$33,631$19,830
16 years$59,367$50,251$42,344$35,539$29,723$16,790
17 years$55,295$46,279$38,532$31,932$26,354$14,252
18 years$51,679$42,764$35,174$28,777$23,433$12,122
19 years$48,447$39,633$32,200$26,002$20,887$10,328
20 years$45,542$36,829$29,552$23,550$18,656$8,813
21 years$42,918$34,305$27,182$21,373$16,695$7,530
22 years$40,535$32,022$25,053$19,433$14,965$6,440
23 years$38,362$29,950$23,132$17,698$13,433$5,513
24 years$36,374$28,061$21,393$16,142$12,074$4,723
25 years$34,547$26,334$19,814$14,742$10,865$4,048
26 years$32,864$24,750$18,376$13,479$9,787$3,472
27 years$31,308$23,292$17,064$12,338$8,824$2,980
28 years$29,866$21,948$15,863$11,304$7,962$2,558
29 years$28,525$20,706$14,762$10,366$7,189$2,197
30 years$27,277$19,554$13,750$9,513$6,496$1,887
31 years$26,111$18,485$12,819$8,737$5,873$1,621
32 years$25,020$17,491$11,960$8,030$5,312$1,394
33 years$23,997$16,564$11,168$7,384$4,808$1,198
34 years$23,037$15,699$10,434$6,794$4,353$1,030
35 years$22,134$14,890$9,755$6,254$3,943$886
36 years$21,282$14,133$9,126$5,760$3,572$762
37 years$20,479$13,423$8,542$5,307$3,238$655
38 years$19,720$12,757$7,999$4,892$2,935$563
39 years$19,001$12,130$7,494$4,510$2,662$485
40 years$18,320$11,541$7,024$4,160$2,414$417
41 years$17,674$10,986$6,586$3,838$2,190$359
42 years$17,060$10,463$6,178$3,542$1,987$309
43 years$16,477$9,969$5,798$3,270$1,804$265
44 years$15,921$9,502$5,442$3,019$1,637$228
45 years$15,392$9,061$5,110$2,788$1,486$197
46 years$14,887$8,644$4,799$2,576$1,350$169
47 years$14,405$8,249$4,509$2,380$1,225$145
48 years$13,945$7,875$4,237$2,199$1,113$125
49 years$13,504$7,520$3,983$2,032$1,011$108
50 years$13,083$7,184$3,744$1,878$918$93

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 $2,029 every year, while hoping to spend $52,168 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: 58/28/14 Blend
64$13,400,000$13,400,000$13,400,000$13,400,000
65$14,768,893$14,058,693$13,850,993$15,572,943
66$16,219,814$14,692,063$14,259,495$16,749,921
67$17,816,980$15,354,719$14,679,933$18,026,370
68$19,575,253$16,048,042$15,112,653$19,416,581
69$21,511,011$16,773,477$15,558,008$20,931,497
70$23,642,296$17,532,540$16,016,363$22,583,150
71$25,988,993$18,326,817$16,488,095$24,384,768
72$28,573,012$19,157,973$16,973,587$26,350,901
73$31,418,494$20,027,749$17,473,237$28,497,548
74$34,552,044$20,937,971$17,987,454$30,842,308
75$38,002,974$21,890,554$18,516,655$33,404,541
76$41,803,588$22,887,501$19,061,274$36,205,545
77$45,989,481$23,930,915$19,621,753$39,268,752
78$50,599,875$25,022,997$20,198,549$42,619,946
79$55,677,992$26,166,054$20,792,131$46,287,496
80$61,271,461$27,362,505$21,402,981$50,302,626
81$67,432,764$28,614,882$22,031,595$54,699,696
82$74,219,737$29,925,841$22,678,484$59,516,527
83$81,696,108$31,298,166$23,344,171$64,794,745
84$89,932,108$32,734,773$24,029,197$70,580,172
85$99,005,123$34,238,717$24,734,116$76,923,251
86$109,000,434$35,813,203$25,459,498$83,879,512
87$120,012,016$37,461,587$26,205,928$91,510,092
88$132,143,426$39,187,389$26,974,011$99,882,300
89$145,508,780$40,994,296$27,764,365$109,070,249
90$160,233,832$42,886,173$28,577,628$119,155,543
91$176,457,159$44,867,071$29,414,454$130,228,040
92$194,331,469$46,941,237$30,275,518$142,386,690
93$214,025,042$49,113,121$31,161,511$155,740,458
94$235,723,320$51,387,388$32,073,146$170,409,345
95$259,630,656$53,768,928$33,011,154$186,525,507
96$285,972,243$56,262,864$33,976,287$204,234,493
97$314,996,237$58,874,571$34,969,318$223,696,606
98$346,976,107$61,609,678$35,991,043$245,088,403
99$382,213,205$64,474,088$37,042,279$268,604,351
100$421,039,623$67,473,989$38,123,866$294,458,647