Can I retire at age 59 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%17.2%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,006,277
2 years$531,449$521,552$511,959$502,659$493,637$463,295
3 years$350,780$340,840$331,272$322,058$313,184$283,811
4 years$260,463$250,553$241,081$232,025$223,365$195,188
5 years$206,287$196,437$187,089$178,217$169,799$142,893
6 years$170,182$160,405$151,195$142,522$134,356$108,747
7 years$144,402$134,708$125,644$117,175$109,267$84,954
8 years$125,077$115,470$106,556$98,295$90,648$67,616
9 years$110,053$100,537$91,777$83,726$76,339$54,564
10 years$98,042$88,619$80,013$72,172$65,044$44,498
11 years$88,220$78,892$70,442$62,812$55,940$36,587
12 years$80,042$70,809$62,516$55,094$48,477$30,278
13 years$73,127$63,991$55,854$48,640$42,273$25,188
14 years$67,205$58,166$50,185$43,177$37,056$21,042
15 years$62,077$53,136$45,310$38,506$32,627$17,639
16 years$57,595$48,751$41,080$34,478$28,836$14,829
17 years$53,644$44,898$37,381$30,978$25,568$12,495
18 years$50,136$41,488$34,124$27,918$22,734$10,550
19 years$47,001$38,450$31,239$25,226$20,263$8,922
20 years$44,183$35,730$28,670$22,847$18,099$7,555
21 years$41,637$33,281$26,371$20,735$16,197$6,405
22 years$39,325$31,067$24,305$18,853$14,518$5,436
23 years$37,217$29,056$22,441$17,170$13,032$4,617
24 years$35,288$27,224$20,754$15,660$11,714$3,924
25 years$33,516$25,548$19,223$14,302$10,541$3,337
26 years$31,883$24,011$17,828$13,077$9,495$2,839
27 years$30,373$22,597$16,555$11,969$8,560$2,417
28 years$28,974$21,293$15,390$10,966$7,724$2,058
29 years$27,674$20,088$14,322$10,056$6,975$1,753
30 years$26,462$18,971$13,340$9,229$6,302$1,493
31 years$25,331$17,934$12,436$8,476$5,698$1,273
32 years$24,273$16,969$11,603$7,790$5,154$1,085
33 years$23,281$16,070$10,834$7,164$4,664$925
34 years$22,349$15,230$10,123$6,591$4,223$788
35 years$21,473$14,446$9,464$6,067$3,825$672
36 years$20,647$13,711$8,853$5,588$3,466$573
37 years$19,868$13,022$8,287$5,149$3,141$489
38 years$19,131$12,376$7,760$4,746$2,848$417
39 years$18,434$11,768$7,270$4,376$2,582$356
40 years$17,773$11,197$6,815$4,036$2,342$303
41 years$17,146$10,658$6,390$3,724$2,125$259
42 years$16,551$10,150$5,994$3,436$1,928$221
43 years$15,985$9,671$5,624$3,172$1,750$188
44 years$15,446$9,219$5,280$2,929$1,588$161
45 years$14,932$8,791$4,957$2,705$1,442$137
46 years$14,443$8,386$4,656$2,499$1,309$117
47 years$13,975$8,003$4,374$2,309$1,189$100
48 years$13,528$7,640$4,111$2,133$1,080$85
49 years$13,101$7,296$3,864$1,971$981$73
50 years$12,693$6,969$3,632$1,822$891$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $13,000,000, adding $6,755 every year, while hoping to spend $48,477 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: 55/20/25 Blend
58$13,000,000$13,000,000$13,000,000$13,000,000
59$14,332,968$13,643,968$13,442,468$15,022,396
60$15,743,351$14,260,943$13,841,211$16,114,045
61$17,295,969$14,906,525$14,251,688$17,296,708
62$19,005,278$15,582,065$14,674,240$18,583,749
63$20,887,208$16,288,978$15,109,218$19,985,213
64$22,959,312$17,028,746$15,556,985$21,512,143
65$25,240,930$17,802,924$16,017,913$23,176,683
66$27,753,377$18,613,139$16,492,385$24,992,193
67$30,520,136$19,461,097$16,980,795$26,973,365
68$33,567,086$20,348,587$17,483,547$29,136,366
69$36,922,742$21,277,481$18,001,060$31,498,978
70$40,618,528$22,249,744$18,533,761$34,080,771
71$44,689,068$23,267,431$19,082,092$36,903,276
72$49,172,518$24,332,700$19,646,507$39,990,188
73$54,110,923$25,447,810$20,227,473$43,367,588
74$59,550,613$26,615,129$20,825,469$47,064,175
75$65,542,643$27,837,138$21,440,991$51,111,544
76$72,143,274$29,116,439$22,074,545$55,544,470
77$79,414,500$30,455,757$22,726,654$60,401,236
78$87,424,638$31,857,948$23,397,856$65,723,987
79$96,248,971$33,326,008$24,088,704$71,559,123
80$105,970,457$34,863,073$24,799,767$77,957,730
81$116,680,514$36,472,434$25,531,629$84,976,059
82$128,479,880$38,157,537$26,284,893$92,676,045
83$141,479,567$39,921,995$27,060,176$101,125,891
84$155,801,906$41,769,596$27,858,115$110,400,702
85$171,581,704$43,704,310$28,679,365$120,583,185
86$188,967,513$45,730,297$29,524,600$131,764,425
87$208,123,036$47,851,918$30,394,510$144,044,737
88$229,228,669$50,073,744$31,289,809$157,534,602
89$252,483,204$52,400,569$32,211,228$172,355,702
90$278,105,707$54,837,414$33,159,522$188,642,064
91$306,337,587$57,389,544$34,135,463$206,541,308
92$337,444,869$60,062,480$35,139,849$226,216,037
93$371,720,710$62,862,006$36,173,498$247,845,360
94$409,488,166$65,794,188$37,237,254$271,626,570
95$451,103,238$68,865,382$38,331,981$297,776,999
96$496,958,237$72,082,255$39,458,572$326,536,054
97$547,485,484$75,451,792$40,617,940$358,167,467
98$603,161,392$78,981,318$41,811,029$392,961,774
99$664,510,962$82,678,511$43,038,807$431,239,039
100$732,112,742$86,551,420$44,302,269$473,351,866