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%15.8%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,019,773
2 years$535,538$525,564$515,897$506,525$497,434$472,555
3 years$353,479$343,462$333,820$324,536$315,593$291,450
4 years$262,467$252,481$242,935$233,810$225,083$201,863
5 years$207,874$197,948$188,528$179,588$171,105$148,872
6 years$171,491$161,639$152,358$143,618$135,389$114,167
7 years$145,513$135,744$126,611$118,076$110,108$89,899
8 years$126,039$116,358$107,376$99,051$91,345$72,141
9 years$110,900$101,311$92,483$84,370$76,926$58,711
10 years$98,796$89,300$80,629$72,728$65,545$48,299
11 years$88,899$79,499$70,984$63,295$56,371$40,070
12 years$80,658$71,354$62,997$55,518$48,850$33,467
13 years$73,689$64,483$56,283$49,014$42,598$28,104
14 years$67,722$58,613$50,571$43,509$37,341$23,706
15 years$62,555$53,544$45,659$38,803$32,878$20,068
16 years$58,038$49,126$41,396$34,744$29,058$17,041
17 years$54,057$45,243$37,669$31,217$25,764$14,506
18 years$50,522$41,807$34,387$28,133$22,909$12,375
19 years$47,362$38,746$31,480$25,420$20,419$10,576
20 years$44,523$36,005$28,890$23,023$18,239$9,052
21 years$41,957$33,537$26,574$20,895$16,321$7,757
22 years$39,627$31,305$24,492$18,998$14,630$6,655
23 years$37,503$29,279$22,614$17,302$13,133$5,715
24 years$35,559$27,433$20,914$15,780$11,804$4,911
25 years$33,774$25,744$19,370$14,412$10,622$4,224
26 years$32,128$24,196$17,965$13,177$9,568$3,634
27 years$30,607$22,771$16,682$12,061$8,626$3,129
28 years$29,197$21,457$15,508$11,051$7,783$2,695
29 years$27,887$20,242$14,432$10,134$7,028$2,322
30 years$26,666$19,117$13,443$9,300$6,350$2,001
31 years$25,526$18,071$12,532$8,542$5,741$1,725
32 years$24,460$17,099$11,693$7,850$5,194$1,488
33 years$23,460$16,193$10,918$7,219$4,700$1,283
34 years$22,521$15,348$10,201$6,642$4,255$1,107
35 years$21,638$14,557$9,537$6,114$3,854$955
36 years$20,806$13,817$8,922$5,631$3,492$824
37 years$20,020$13,123$8,350$5,188$3,165$711
38 years$19,278$12,471$7,820$4,782$2,869$614
39 years$18,575$11,859$7,326$4,409$2,602$530
40 years$17,910$11,283$6,867$4,067$2,360$457
41 years$17,278$10,740$6,439$3,752$2,141$395
42 years$16,678$10,229$6,040$3,463$1,943$341
43 years$16,108$9,746$5,668$3,197$1,763$294
44 years$15,565$9,290$5,320$2,952$1,601$254
45 years$15,047$8,859$4,995$2,726$1,453$219
46 years$14,554$8,451$4,692$2,518$1,319$189
47 years$14,083$8,065$4,408$2,326$1,198$163
48 years$13,632$7,699$4,142$2,150$1,088$141
49 years$13,202$7,352$3,893$1,987$988$122
50 years$12,790$7,023$3,660$1,836$898$105

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 $6,178 every year, while hoping to spend $49,758 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: 50/25/25 Blend
65$13,100,000$13,100,000$13,100,000$13,100,000
66$14,442,573$13,748,273$13,545,223$15,062,632
67$15,862,773$14,368,996$13,946,045$16,115,758
68$17,426,166$15,018,467$14,358,628$17,254,232
69$19,147,305$15,698,042$14,783,312$18,490,649
70$21,042,226$16,409,141$15,220,449$19,834,309
71$23,128,598$17,153,255$15,670,399$21,295,431
72$25,425,892$17,931,941$16,133,535$22,885,248
73$27,955,563$18,746,836$16,610,238$24,616,111
74$30,741,252$19,599,653$17,100,902$26,501,596
75$33,809,009$20,492,185$17,605,932$28,556,632
76$37,187,539$21,426,314$18,125,742$30,797,636
77$40,908,476$22,404,010$18,660,762$33,242,667
78$45,006,673$23,427,340$19,211,431$35,911,584
79$49,520,541$24,498,467$19,778,201$38,826,236
80$54,492,404$25,619,660$20,361,539$42,010,658
81$59,968,902$26,793,295$20,961,922$45,491,297
82$66,001,427$28,021,864$21,579,844$49,297,251
83$72,646,615$29,307,978$22,215,811$53,460,541
84$79,966,873$30,654,372$22,870,344$58,016,405
85$88,030,971$32,063,913$23,543,978$63,003,628
86$96,914,693$33,539,608$24,237,264$68,464,897
87$106,701,549$35,084,605$24,950,769$74,447,197
88$117,483,562$36,702,207$25,685,075$81,002,251
89$129,362,143$38,395,872$26,440,783$88,186,997
90$142,449,039$40,169,228$27,218,506$96,064,121
91$156,867,395$42,026,074$28,018,881$104,702,633
92$172,752,914$43,970,396$28,842,557$114,178,521
93$190,255,133$46,006,368$29,690,206$124,575,448
94$209,538,845$48,138,367$30,562,515$135,985,541
95$230,785,641$50,370,982$31,460,194$148,510,243
96$254,195,637$52,709,021$32,383,971$162,261,267
97$279,989,354$55,157,524$33,334,595$177,361,635
98$308,409,800$57,721,775$34,312,837$193,946,832
99$339,724,771$60,407,313$35,319,488$212,166,069
100$374,229,369$63,219,943$36,355,362$232,183,681