Can I retire at age 69 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,009,122
2 years$531,449$521,552$511,959$502,659$493,637$466,107
3 years$350,780$340,840$331,272$322,058$313,184$286,501
4 years$260,463$250,553$241,081$232,025$223,365$197,736
5 years$206,287$196,437$187,089$178,217$169,799$145,292
6 years$170,182$160,405$151,195$142,522$134,356$110,997
7 years$144,402$134,708$125,644$117,175$109,267$87,057
8 years$125,077$115,470$106,556$98,295$90,648$69,575
9 years$110,053$100,537$91,777$83,726$76,339$56,384
10 years$98,042$88,619$80,013$72,172$65,044$46,183
11 years$88,220$78,892$70,442$62,812$55,940$38,144
12 years$80,042$70,809$62,516$55,094$48,477$31,713
13 years$73,127$63,991$55,854$48,640$42,273$26,506
14 years$67,205$58,166$50,185$43,177$37,056$22,250
15 years$62,077$53,136$45,310$38,506$32,627$18,744
16 years$57,595$48,751$41,080$34,478$28,836$15,837
17 years$53,644$44,898$37,381$30,978$25,568$13,413
18 years$50,136$41,488$34,124$27,918$22,734$11,384
19 years$47,001$38,450$31,239$25,226$20,263$9,678
20 years$44,183$35,730$28,670$22,847$18,099$8,239
21 years$41,637$33,281$26,371$20,735$16,197$7,023
22 years$39,325$31,067$24,305$18,853$14,518$5,993
23 years$37,217$29,056$22,441$17,170$13,032$5,118
24 years$35,288$27,224$20,754$15,660$11,714$4,374
25 years$33,516$25,548$19,223$14,302$10,541$3,740
26 years$31,883$24,011$17,828$13,077$9,495$3,201
27 years$30,373$22,597$16,555$11,969$8,560$2,740
28 years$28,974$21,293$15,390$10,966$7,724$2,346
29 years$27,674$20,088$14,322$10,056$6,975$2,010
30 years$26,462$18,971$13,340$9,229$6,302$1,722
31 years$25,331$17,934$12,436$8,476$5,698$1,476
32 years$24,273$16,969$11,603$7,790$5,154$1,266
33 years$23,281$16,070$10,834$7,164$4,664$1,085
34 years$22,349$15,230$10,123$6,591$4,223$931
35 years$21,473$14,446$9,464$6,067$3,825$798
36 years$20,647$13,711$8,853$5,588$3,466$685
37 years$19,868$13,022$8,287$5,149$3,141$587
38 years$19,131$12,376$7,760$4,746$2,848$504
39 years$18,434$11,768$7,270$4,376$2,582$432
40 years$17,773$11,197$6,815$4,036$2,342$371
41 years$17,146$10,658$6,390$3,724$2,125$318
42 years$16,551$10,150$5,994$3,436$1,928$273
43 years$15,985$9,671$5,624$3,172$1,750$234
44 years$15,446$9,219$5,280$2,929$1,588$201
45 years$14,932$8,791$4,957$2,705$1,442$173
46 years$14,443$8,386$4,656$2,499$1,309$148
47 years$13,975$8,003$4,374$2,309$1,189$127
48 years$13,528$7,640$4,111$2,133$1,080$109
49 years$13,101$7,296$3,864$1,971$981$94
50 years$12,693$6,969$3,632$1,822$891$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $13,000,000, adding $3,687 every year, while hoping to spend $33,922 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: 62/24/14 Blend
68$13,000,000$13,000,000$13,000,000$13,000,000
69$14,329,803$13,640,803$13,439,303$15,169,133
70$15,755,350$14,273,110$13,853,427$16,365,412
71$17,325,166$14,935,262$14,280,287$17,666,530
72$19,053,931$15,628,688$14,720,274$19,086,023
73$20,957,820$16,354,882$15,173,792$20,635,378
74$23,054,658$17,115,411$15,641,254$22,327,229
75$25,364,086$17,911,919$16,123,089$24,175,471
76$27,907,748$18,746,129$16,619,738$26,195,389
77$30,709,494$19,619,845$17,131,655$28,403,800
78$33,795,606$20,534,961$17,659,309$30,819,203
79$37,195,044$21,493,460$18,203,182$33,461,956
80$40,939,722$22,497,423$18,763,772$36,354,459
81$45,064,807$23,549,030$19,341,591$39,521,363
82$49,609,051$24,650,566$19,937,168$42,989,796
83$54,615,158$25,804,428$20,551,048$46,789,619
84$60,130,187$27,013,128$21,183,791$50,953,697
85$66,205,994$28,279,299$21,835,975$55,518,207
86$72,899,723$29,605,702$22,508,198$60,522,973
87$80,274,344$30,995,231$23,201,072$66,011,839
88$88,399,251$32,450,921$23,915,232$72,033,070
89$97,350,912$33,975,953$24,651,329$78,639,808
90$107,213,592$35,573,662$25,410,036$85,890,566
91$118,080,151$37,247,545$26,192,045$93,849,768
92$130,052,920$39,001,267$26,998,072$102,588,357
93$143,244,661$40,838,672$27,828,850$112,184,452
94$157,779,639$42,763,790$28,685,140$122,724,080
95$173,794,792$44,780,846$29,567,722$134,301,979
96$191,441,022$46,894,269$30,477,402$147,022,482
97$210,884,621$49,108,703$31,415,010$161,000,498
98$232,308,841$51,429,017$32,381,400$176,362,581
99$255,915,621$53,860,318$33,377,456$193,248,117
100$281,927,499$56,407,957$34,404,085$211,810,631