Can I retire at age 66 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,009,155
2 years$535,538$525,564$515,897$506,525$497,434$462,067
3 years$353,479$343,462$333,820$324,536$315,593$281,427
4 years$262,467$252,481$242,935$233,810$225,083$192,379
5 years$207,874$197,948$188,528$179,588$171,105$139,949
6 years$171,491$161,639$152,358$143,618$135,389$105,808
7 years$145,513$135,744$126,611$118,076$110,108$82,095
8 years$126,039$116,358$107,376$99,051$91,345$64,879
9 years$110,900$101,311$92,483$84,370$76,926$51,974
10 years$98,796$89,300$80,629$72,728$65,545$42,067
11 years$88,899$79,499$70,984$63,295$56,371$34,321
12 years$80,658$71,354$62,997$55,518$48,850$28,178
13 years$73,689$64,483$56,283$49,014$42,598$23,251
14 years$67,722$58,613$50,571$43,509$37,341$19,263
15 years$62,555$53,544$45,659$38,803$32,878$16,011
16 years$58,038$49,126$41,396$34,744$29,058$13,344
17 years$54,057$45,243$37,669$31,217$25,764$11,146
18 years$50,522$41,807$34,387$28,133$22,909$9,327
19 years$47,362$38,746$31,480$25,420$20,419$7,816
20 years$44,523$36,005$28,890$23,023$18,239$6,559
21 years$41,957$33,537$26,574$20,895$16,321$5,509
22 years$39,627$31,305$24,492$18,998$14,630$4,632
23 years$37,503$29,279$22,614$17,302$13,133$3,897
24 years$35,559$27,433$20,914$15,780$11,804$3,281
25 years$33,774$25,744$19,370$14,412$10,622$2,763
26 years$32,128$24,196$17,965$13,177$9,568$2,328
27 years$30,607$22,771$16,682$12,061$8,626$1,963
28 years$29,197$21,457$15,508$11,051$7,783$1,655
29 years$27,887$20,242$14,432$10,134$7,028$1,396
30 years$26,666$19,117$13,443$9,300$6,350$1,178
31 years$25,526$18,071$12,532$8,542$5,741$994
32 years$24,460$17,099$11,693$7,850$5,194$838
33 years$23,460$16,193$10,918$7,219$4,700$708
34 years$22,521$15,348$10,201$6,642$4,255$597
35 years$21,638$14,557$9,537$6,114$3,854$504
36 years$20,806$13,817$8,922$5,631$3,492$426
37 years$20,020$13,123$8,350$5,188$3,165$359
38 years$19,278$12,471$7,820$4,782$2,869$303
39 years$18,575$11,859$7,326$4,409$2,602$256
40 years$17,910$11,283$6,867$4,067$2,360$216
41 years$17,278$10,740$6,439$3,752$2,141$183
42 years$16,678$10,229$6,040$3,463$1,943$154
43 years$16,108$9,746$5,668$3,197$1,763$130
44 years$15,565$9,290$5,320$2,952$1,601$110
45 years$15,047$8,859$4,995$2,726$1,453$93
46 years$14,554$8,451$4,692$2,518$1,319$78
47 years$14,083$8,065$4,408$2,326$1,198$66
48 years$13,632$7,699$4,142$2,150$1,088$56
49 years$13,202$7,352$3,893$1,987$988$47
50 years$12,790$7,023$3,660$1,836$898$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,100,000, adding $6,334 every year, while hoping to spend $40,885 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: 46/35/19 Blend
65$13,100,000$13,100,000$13,100,000$13,100,000
66$14,442,734$13,748,434$13,545,384$15,028,427
67$15,872,391$14,378,605$13,955,653$16,068,603
68$17,446,503$15,038,285$14,378,295$17,191,842
69$19,179,762$15,728,876$14,813,683$18,409,611
70$21,088,354$16,451,848$15,262,198$19,730,729
71$23,190,119$17,208,742$15,724,235$21,164,883
72$25,504,713$18,001,172$16,200,199$22,722,710
73$28,053,796$18,830,831$16,690,507$24,415,892
74$30,861,234$19,699,493$17,195,590$26,257,264
75$33,953,328$20,609,017$17,715,891$28,260,929
76$37,359,060$21,561,351$18,251,866$30,442,383
77$41,110,365$22,558,538$18,803,984$32,818,656
78$45,242,435$23,602,718$19,372,730$35,408,469
79$49,794,048$24,696,137$19,958,601$38,232,402
80$54,807,938$25,841,144$20,562,111$41,313,080
81$60,331,193$27,040,206$21,183,788$44,675,385
82$66,415,706$28,295,907$21,824,175$48,346,675
83$73,118,656$29,610,955$22,483,834$52,357,042
84$80,503,057$30,988,190$23,163,340$56,739,584
85$88,638,345$32,430,587$23,863,289$61,530,710
86$97,601,038$33,941,268$24,584,290$66,770,472
87$107,475,456$35,523,501$25,326,976$72,502,940
88$118,354,516$37,180,716$26,091,993$78,776,602
89$130,340,611$38,916,507$26,880,010$85,644,813
90$143,546,578$40,734,640$27,691,714$93,166,291
91$158,096,756$42,639,065$28,527,814$101,405,655
92$174,128,169$44,633,922$29,389,039$110,434,028
93$191,791,810$46,723,552$30,276,140$120,329,693
94$211,254,073$48,912,505$31,189,889$131,178,822
95$232,698,321$51,205,550$32,131,083$143,076,273
96$256,326,618$53,607,690$33,100,542$156,126,472
97$282,361,632$56,124,166$34,099,109$170,444,386
98$311,048,743$58,760,474$35,127,654$186,156,592
99$342,658,355$61,522,378$36,187,071$203,402,455
100$377,488,451$64,415,918$37,278,282$222,335,426