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%14%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,050,833
2 years$547,802$537,599$527,712$518,125$508,826$491,043
3 years$361,573$351,327$341,464$331,968$322,820$305,510
4 years$268,478$258,263$248,499$239,164$230,238$213,534
5 years$212,635$202,481$192,845$183,701$175,023$158,974
6 years$175,418$165,341$155,848$146,907$138,490$123,113
7 years$148,845$138,853$129,510$120,780$112,629$97,930
8 years$128,925$119,023$109,835$101,320$93,437$79,411
9 years$113,439$103,631$94,601$86,302$78,687$65,329
10 years$101,058$91,345$82,475$74,393$67,046$54,342
11 years$90,935$81,319$72,610$64,744$57,661$45,600
12 years$82,505$72,988$64,439$56,789$49,968$38,533
13 years$75,377$65,960$57,572$50,137$43,573$32,748
14 years$69,273$59,956$51,729$44,506$38,196$27,962
15 years$63,987$54,771$46,704$39,691$33,631$23,968
16 years$59,367$50,251$42,344$35,539$29,723$20,613
17 years$55,295$46,279$38,532$31,932$26,354$17,775
18 years$51,679$42,764$35,174$28,777$23,433$15,364
19 years$48,447$39,633$32,200$26,002$20,887$13,307
20 years$45,542$36,829$29,552$23,550$18,656$11,544
21 years$42,918$34,305$27,182$21,373$16,695$10,030
22 years$40,535$32,022$25,053$19,433$14,965$8,725
23 years$38,362$29,950$23,132$17,698$13,433$7,598
24 years$36,374$28,061$21,393$16,142$12,074$6,623
25 years$34,547$26,334$19,814$14,742$10,865$5,778
26 years$32,864$24,750$18,376$13,479$9,787$5,044
27 years$31,308$23,292$17,064$12,338$8,824$4,406
28 years$29,866$21,948$15,863$11,304$7,962$3,851
29 years$28,525$20,706$14,762$10,366$7,189$3,367
30 years$27,277$19,554$13,750$9,513$6,496$2,945
31 years$26,111$18,485$12,819$8,737$5,873$2,577
32 years$25,020$17,491$11,960$8,030$5,312$2,256
33 years$23,997$16,564$11,168$7,384$4,808$1,975
34 years$23,037$15,699$10,434$6,794$4,353$1,730
35 years$22,134$14,890$9,755$6,254$3,943$1,515
36 years$21,282$14,133$9,126$5,760$3,572$1,327
37 years$20,479$13,423$8,542$5,307$3,238$1,163
38 years$19,720$12,757$7,999$4,892$2,935$1,019
39 years$19,001$12,130$7,494$4,510$2,662$893
40 years$18,320$11,541$7,024$4,160$2,414$783
41 years$17,674$10,986$6,586$3,838$2,190$686
42 years$17,060$10,463$6,178$3,542$1,987$602
43 years$16,477$9,969$5,798$3,270$1,804$528
44 years$15,921$9,502$5,442$3,019$1,637$463
45 years$15,392$9,061$5,110$2,788$1,486$406
46 years$14,887$8,644$4,799$2,576$1,350$356
47 years$14,405$8,249$4,509$2,380$1,225$312
48 years$13,945$7,875$4,237$2,199$1,113$274
49 years$13,504$7,520$3,983$2,032$1,011$240
50 years$13,083$7,184$3,744$1,878$918$210

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 $4,294 every year, while hoping to spend $40,116 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: 65/22/13 Blend
64$13,400,000$13,400,000$13,400,000$13,400,000
65$14,771,229$14,061,029$13,853,329$15,686,539
66$16,235,212$14,707,337$14,274,733$16,944,799
67$17,847,175$15,383,968$14,708,909$18,314,045
68$19,622,173$16,092,368$15,156,243$19,809,175
69$21,576,789$16,834,049$15,617,132$21,442,471
70$23,729,301$17,610,597$16,091,985$23,227,446
71$26,099,847$18,423,674$16,581,224$25,178,965
72$28,710,619$19,275,021$17,085,282$27,313,385
73$31,586,070$20,166,464$17,604,606$29,648,704
74$34,753,146$21,099,918$18,139,658$32,204,726
75$38,241,541$22,077,388$18,690,910$35,003,248
76$42,083,975$23,100,977$19,258,852$38,068,257
77$46,316,503$24,172,888$19,843,987$41,426,158
78$50,978,858$25,295,432$20,446,833$45,106,013
79$56,114,823$26,471,029$21,067,923$49,139,815
80$61,772,644$27,702,219$21,707,807$53,562,781
81$68,005,488$28,991,661$22,367,053$58,413,687
82$74,871,940$30,342,145$23,046,241$63,735,218
83$82,436,562$31,756,594$23,745,975$69,574,376
84$90,770,498$33,238,074$24,466,871$75,982,911
85$99,952,145$34,789,796$25,209,568$83,017,808
86$110,067,897$36,415,129$25,974,721$90,741,815
87$121,212,955$38,117,603$26,763,007$99,224,031
88$133,492,230$39,900,919$27,575,122$108,540,551
89$147,021,332$41,768,958$28,411,783$118,775,179
90$161,927,658$43,725,787$29,273,727$130,020,207
91$178,351,599$45,775,671$30,161,717$142,377,284
92$196,447,862$47,923,079$31,076,535$155,958,365
93$216,386,933$50,172,699$32,018,988$170,886,757
94$238,356,683$52,529,444$32,989,907$187,298,279
95$262,564,143$54,998,465$33,990,147$205,342,532
96$289,237,460$57,585,164$35,020,591$225,184,301
97$318,628,045$60,295,201$36,082,145$247,005,103
98$351,012,954$63,134,514$37,175,745$271,004,886
99$386,697,496$66,109,326$38,302,353$297,403,912
100$426,018,119$69,226,162$39,462,961$326,444,816