Can I retire at age 66 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,037,875
2 years$543,714$533,587$523,774$514,258$505,029$482,284
3 years$358,875$348,705$338,916$329,490$320,411$298,317
4 years$266,474$256,335$246,644$237,379$228,520$207,246
5 years$211,048$200,970$191,406$182,330$173,717$153,325
6 years$174,109$164,107$154,685$145,811$137,456$117,967
7 years$147,735$137,817$128,544$119,879$111,789$93,205
8 years$127,963$118,135$109,015$100,564$92,740$75,056
9 years$112,593$102,857$93,895$85,658$78,100$61,305
10 years$100,304$90,664$81,860$73,838$66,545$50,620
11 years$90,256$80,713$72,068$64,261$57,231$42,157
12 years$81,889$72,443$63,958$56,366$49,595$35,348
13 years$74,814$65,468$57,143$49,762$43,248$29,803
14 years$68,756$59,508$51,343$44,173$37,911$25,241
15 years$63,510$54,362$46,356$39,395$33,380$21,458
16 years$58,924$49,876$42,028$35,274$29,501$18,298
17 years$54,882$45,934$38,244$31,693$26,158$15,644
18 years$51,293$42,445$34,912$28,562$23,258$13,405
19 years$48,086$39,338$31,960$25,808$20,731$11,507
20 years$45,202$36,554$29,331$23,374$18,517$9,894
21 years$42,597$34,049$26,979$21,214$16,571$8,518
22 years$40,232$31,783$24,866$19,288$14,853$7,342
23 years$38,076$29,726$22,959$17,566$13,333$6,334
24 years$36,102$27,852$21,233$16,021$11,984$5,469
25 years$34,289$26,137$19,666$14,632$10,784$4,726
26 years$32,619$24,565$18,239$13,378$9,714$4,086
27 years$31,074$23,119$16,937$12,246$8,758$3,535
28 years$29,643$21,784$15,745$11,220$7,902$3,060
29 years$28,312$20,551$14,652$10,289$7,136$2,649
30 years$27,073$19,408$13,648$9,442$6,447$2,294
31 years$25,916$18,347$12,723$8,672$5,829$1,988
32 years$24,833$17,360$11,871$7,970$5,273$1,723
33 years$23,818$16,441$11,084$7,329$4,772$1,493
34 years$22,865$15,582$10,356$6,743$4,320$1,295
35 years$21,968$14,779$9,683$6,208$3,913$1,123
36 years$21,123$14,028$9,058$5,717$3,546$974
37 years$20,326$13,323$8,478$5,267$3,213$844
38 years$19,572$12,662$7,939$4,855$2,913$732
39 years$18,859$12,040$7,438$4,477$2,642$635
40 years$18,183$11,455$6,972$4,129$2,396$551
41 years$17,542$10,904$6,537$3,810$2,174$478
42 years$16,933$10,385$6,132$3,516$1,973$415
43 years$16,354$9,895$5,754$3,245$1,790$360
44 years$15,802$9,432$5,401$2,997$1,625$313
45 years$15,277$8,994$5,072$2,768$1,475$271
46 years$14,776$8,580$4,764$2,556$1,339$235
47 years$14,298$8,188$4,475$2,362$1,216$204
48 years$13,841$7,816$4,205$2,182$1,105$177
49 years$13,404$7,464$3,953$2,017$1,003$154
50 years$12,985$7,130$3,716$1,864$911$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,300,000, adding $6,375 every year, while hoping to spend $29,600 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: 31/44/25 Blend
65$13,300,000$13,300,000$13,300,000$13,300,000
66$14,663,176$13,958,276$13,752,126$15,004,617
67$16,127,326$14,610,737$14,181,328$15,919,188
68$17,739,827$15,294,177$14,623,916$16,899,914
69$19,515,779$16,010,082$15,080,308$17,955,031
70$21,471,824$16,760,011$15,550,933$19,091,055
71$23,626,296$17,545,598$16,036,235$20,315,118
72$25,999,401$18,368,555$16,536,672$21,635,032
73$28,613,404$19,230,679$17,052,715$23,059,354
74$31,492,841$20,133,852$17,584,851$24,597,459
75$34,664,748$21,080,047$18,133,580$26,259,626
76$38,158,918$22,071,335$18,699,421$28,057,120
77$42,008,181$23,109,884$19,282,905$30,002,297
78$46,248,717$24,197,970$19,884,584$32,108,708
79$50,920,392$25,337,976$20,505,023$34,391,219
80$56,067,138$26,532,404$21,144,808$36,866,143
81$61,737,368$27,783,873$21,804,541$39,551,385
82$67,984,430$29,095,133$22,484,843$42,466,599
83$74,867,113$30,469,065$23,186,356$45,633,364
84$82,450,199$31,908,691$23,909,740$49,075,376
85$90,805,080$33,417,177$24,655,676$52,818,662
86$100,010,424$34,997,845$25,424,868$56,891,811
87$110,152,926$36,654,177$26,218,039$61,326,235
88$121,328,118$38,389,826$27,035,937$66,156,448
89$133,641,276$40,208,618$27,879,332$71,420,380
90$147,208,414$42,114,568$28,749,017$77,159,722
91$162,157,376$44,111,885$29,645,812$83,420,302
92$178,629,043$46,204,982$30,570,562$90,252,504
93$196,778,667$48,398,487$31,524,137$97,711,725
94$216,777,329$50,697,252$32,507,434$105,858,882
95$238,813,564$53,106,364$33,521,380$114,760,970
96$263,095,130$55,631,159$34,566,929$124,491,672
97$289,850,977$58,277,230$35,645,065$135,132,038
98$319,333,406$61,050,442$36,756,804$146,771,230
99$351,820,447$63,956,948$37,903,191$159,507,337
100$387,618,490$67,003,196$39,085,305$173,448,284