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%20%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,002,770
2 years$535,538$525,564$515,897$506,525$497,434$455,805
3 years$353,479$343,462$333,820$324,536$315,593$275,486
4 years$262,467$252,481$242,935$233,810$225,083$186,805
5 years$207,874$197,948$188,528$179,588$171,105$134,752
6 years$171,491$161,639$152,358$143,618$135,389$100,985
7 years$145,513$135,744$126,611$118,076$110,108$77,638
8 years$126,039$116,358$107,376$99,051$91,345$60,777
9 years$110,900$101,311$92,483$84,370$76,926$48,213
10 years$98,796$89,300$80,629$72,728$65,545$38,629
11 years$88,899$79,499$70,984$63,295$56,371$31,190
12 years$80,658$71,354$62,997$55,518$48,850$25,335
13 years$73,689$64,483$56,283$49,014$42,598$20,677
14 years$67,722$58,613$50,571$43,509$37,341$16,940
15 years$62,555$53,544$45,659$38,803$32,878$13,921
16 years$58,038$49,126$41,396$34,744$29,058$11,468
17 years$54,057$45,243$37,669$31,217$25,764$9,466
18 years$50,522$41,807$34,387$28,133$22,909$7,827
19 years$47,362$38,746$31,480$25,420$20,419$6,480
20 years$44,523$36,005$28,890$23,023$18,239$5,371
21 years$41,957$33,537$26,574$20,895$16,321$4,456
22 years$39,627$31,305$24,492$18,998$14,630$3,700
23 years$37,503$29,279$22,614$17,302$13,133$3,074
24 years$35,559$27,433$20,914$15,780$11,804$2,555
25 years$33,774$25,744$19,370$14,412$10,622$2,125
26 years$32,128$24,196$17,965$13,177$9,568$1,767
27 years$30,607$22,771$16,682$12,061$8,626$1,471
28 years$29,197$21,457$15,508$11,051$7,783$1,224
29 years$27,887$20,242$14,432$10,134$7,028$1,019
30 years$26,666$19,117$13,443$9,300$6,350$848
31 years$25,526$18,071$12,532$8,542$5,741$707
32 years$24,460$17,099$11,693$7,850$5,194$588
33 years$23,460$16,193$10,918$7,219$4,700$490
34 years$22,521$15,348$10,201$6,642$4,255$408
35 years$21,638$14,557$9,537$6,114$3,854$340
36 years$20,806$13,817$8,922$5,631$3,492$283
37 years$20,020$13,123$8,350$5,188$3,165$236
38 years$19,278$12,471$7,820$4,782$2,869$197
39 years$18,575$11,859$7,326$4,409$2,602$164
40 years$17,910$11,283$6,867$4,067$2,360$137
41 years$17,278$10,740$6,439$3,752$2,141$114
42 years$16,678$10,229$6,040$3,463$1,943$95
43 years$16,108$9,746$5,668$3,197$1,763$79
44 years$15,565$9,290$5,320$2,952$1,601$66
45 years$15,047$8,859$4,995$2,726$1,453$55
46 years$14,554$8,451$4,692$2,518$1,319$46
47 years$14,083$8,065$4,408$2,326$1,198$38
48 years$13,632$7,699$4,142$2,150$1,088$32
49 years$13,202$7,352$3,893$1,987$988$26
50 years$12,790$7,023$3,660$1,836$898$22

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 $2,395 every year, while hoping to spend $56,790 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: 64/30/6 Blend
65$13,100,000$13,100,000$13,100,000$13,100,000
66$14,438,670$13,744,370$13,541,320$15,348,154
67$15,850,991$14,357,420$13,934,531$16,566,701
68$17,405,464$14,998,607$14,339,010$17,890,060
69$19,116,531$15,669,248$14,755,076$19,333,853
70$21,000,101$16,370,725$15,183,055$20,909,757
71$23,073,706$17,104,485$15,623,282$22,630,613
72$25,356,665$17,872,045$16,076,103$24,510,546
73$27,870,262$18,674,993$16,541,870$26,565,088
74$30,637,954$19,514,993$17,020,948$28,811,329
75$33,685,586$20,393,788$17,513,710$31,268,069
76$37,041,636$21,313,204$18,020,540$33,955,994
77$40,737,488$22,275,156$18,541,832$36,897,862
78$44,807,721$23,281,648$19,077,993$40,118,719
79$49,290,440$24,334,781$19,629,438$43,646,127
80$54,227,636$25,436,755$20,196,594$47,510,419
81$59,665,576$26,589,878$20,779,902$51,744,982
82$65,655,249$27,796,566$21,379,813$56,386,564
83$72,252,837$29,059,351$21,996,789$61,475,617
84$79,520,253$30,380,885$22,631,308$67,056,670
85$87,525,721$31,763,951$23,283,859$73,178,746
86$96,344,420$33,211,460$23,954,943$79,895,815
87$106,059,195$34,726,465$24,645,078$87,267,301
88$116,761,338$36,312,167$25,354,794$95,358,628
89$128,551,449$37,971,918$26,084,634$104,241,838
90$141,540,385$39,709,231$26,835,158$113,996,256
91$155,850,309$41,527,788$27,606,940$124,709,236
92$171,615,838$43,431,447$28,400,570$136,476,971
93$188,985,319$45,424,253$29,216,654$149,405,399
94$208,122,223$47,510,443$30,055,814$163,611,185
95$229,206,695$49,694,459$30,918,688$179,222,818
96$252,437,246$51,980,956$31,805,933$196,381,812
97$278,032,635$54,374,813$32,718,222$215,244,029
98$306,233,928$56,881,143$33,656,246$235,981,141
99$337,306,774$59,505,305$34,620,716$258,782,237
100$371,543,916$62,252,915$35,612,361$283,855,594