Can I retire at age 67 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,031,992
2 years$543,714$533,587$523,774$514,258$505,029$476,451
3 years$358,875$348,705$338,916$329,490$320,411$292,718
4 years$266,474$256,335$246,644$237,379$228,520$201,924
5 years$211,048$200,970$191,406$182,330$173,717$148,292
6 years$174,109$164,107$154,685$145,811$137,456$113,226
7 years$147,735$137,817$128,544$119,879$111,789$88,755
8 years$127,963$118,135$109,015$100,564$92,740$70,890
9 years$112,593$102,857$93,895$85,658$78,100$57,415
10 years$100,304$90,664$81,860$73,838$66,545$46,999
11 years$90,256$80,713$72,068$64,261$57,231$38,793
12 years$81,889$72,443$63,958$56,366$49,595$32,231
13 years$74,814$65,468$57,143$49,762$43,248$26,921
14 years$68,756$59,508$51,343$44,173$37,911$22,583
15 years$63,510$54,362$46,356$39,395$33,380$19,011
16 years$58,924$49,876$42,028$35,274$29,501$16,051
17 years$54,882$45,934$38,244$31,693$26,158$13,585
18 years$51,293$42,445$34,912$28,562$23,258$11,521
19 years$48,086$39,338$31,960$25,808$20,731$9,787
20 years$45,202$36,554$29,331$23,374$18,517$8,326
21 years$42,597$34,049$26,979$21,214$16,571$7,091
22 years$40,232$31,783$24,866$19,288$14,853$6,046
23 years$38,076$29,726$22,959$17,566$13,333$5,159
24 years$36,102$27,852$21,233$16,021$11,984$4,406
25 years$34,289$26,137$19,666$14,632$10,784$3,765
26 years$32,619$24,565$18,239$13,378$9,714$3,219
27 years$31,074$23,119$16,937$12,246$8,758$2,753
28 years$29,643$21,784$15,745$11,220$7,902$2,356
29 years$28,312$20,551$14,652$10,289$7,136$2,017
30 years$27,073$19,408$13,648$9,442$6,447$1,727
31 years$25,916$18,347$12,723$8,672$5,829$1,479
32 years$24,833$17,360$11,871$7,970$5,273$1,267
33 years$23,818$16,441$11,084$7,329$4,772$1,085
34 years$22,865$15,582$10,356$6,743$4,320$930
35 years$21,968$14,779$9,683$6,208$3,913$797
36 years$21,123$14,028$9,058$5,717$3,546$683
37 years$20,326$13,323$8,478$5,267$3,213$585
38 years$19,572$12,662$7,939$4,855$2,913$502
39 years$18,859$12,040$7,438$4,477$2,642$430
40 years$18,183$11,455$6,972$4,129$2,396$369
41 years$17,542$10,904$6,537$3,810$2,174$316
42 years$16,933$10,385$6,132$3,516$1,973$271
43 years$16,354$9,895$5,754$3,245$1,790$232
44 years$15,802$9,432$5,401$2,997$1,625$199
45 years$15,277$8,994$5,072$2,768$1,475$171
46 years$14,776$8,580$4,764$2,556$1,339$147
47 years$14,298$8,188$4,475$2,362$1,216$126
48 years$13,841$7,816$4,205$2,182$1,105$108
49 years$13,404$7,464$3,953$2,017$1,003$92
50 years$12,985$7,130$3,716$1,864$911$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $13,300,000, adding $6,799 every year, while hoping to spend $31,569 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: 73/21/6 Blend
66$13,300,000$13,300,000$13,300,000$13,300,000
67$14,663,613$13,958,713$13,752,563$15,723,443
68$16,125,713$14,609,101$14,179,685$17,072,926
69$17,735,888$15,290,300$14,620,057$18,545,708
70$19,509,210$16,003,786$15,074,090$20,157,698
71$21,462,285$16,751,107$15,542,208$21,922,622
72$23,613,412$17,533,885$16,024,846$23,855,585
73$25,982,757$18,353,822$16,522,455$25,973,213
74$28,592,539$19,212,701$17,035,499$28,293,802
75$31,467,245$20,112,390$17,564,454$30,837,491
76$34,633,856$21,054,849$18,109,816$33,626,449
77$38,122,105$22,042,132$18,672,090$36,685,079
78$41,964,757$23,076,394$19,251,803$40,040,246
79$46,197,917$24,159,892$19,849,493$43,721,525
80$50,861,371$25,294,993$20,465,717$47,761,479
81$55,998,961$26,484,179$21,101,049$52,195,962
82$61,659,003$27,730,051$21,756,082$57,064,448
83$67,894,736$29,035,338$22,431,425$62,410,407
84$74,764,828$30,402,899$23,127,707$68,281,704
85$82,333,932$31,835,732$23,845,577$74,731,050
86$90,673,293$33,336,982$24,585,703$81,816,493
87$99,861,418$34,909,944$25,348,774$89,601,959
88$109,984,826$36,558,074$26,135,501$98,157,852
89$121,138,853$38,284,995$26,946,615$107,561,712
90$133,428,562$40,094,506$27,782,872$117,898,941
91$146,969,728$41,990,589$28,645,051$129,263,601
92$161,889,933$43,977,421$29,533,954$141,759,297
93$178,329,772$46,059,381$30,450,407$155,500,147
94$196,444,178$48,241,059$31,395,264$170,611,853
95$216,403,883$50,527,269$32,369,404$187,232,879
96$238,397,033$52,923,060$33,373,734$205,515,748
97$262,630,963$55,433,723$34,409,187$225,628,477
98$289,334,153$58,064,807$35,476,727$247,756,150
99$318,758,386$60,822,132$36,577,346$272,102,662
100$351,181,124$63,711,798$37,712,069$298,892,626