Can I retire at age 60 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%15.2%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,014,464
2 years$531,449$521,552$511,959$502,659$493,637$471,405
3 years$350,780$340,840$331,272$322,058$313,184$291,588
4 years$260,463$250,553$241,081$232,025$223,365$202,572
5 years$206,287$196,437$187,089$178,217$169,799$149,866
6 years$170,182$160,405$151,195$142,522$134,356$115,306
7 years$144,402$134,708$125,644$117,175$109,267$91,103
8 years$125,077$115,470$106,556$98,295$90,648$73,363
9 years$110,053$100,537$91,777$83,726$76,339$59,922
10 years$98,042$88,619$80,013$72,172$65,044$49,479
11 years$88,220$78,892$70,442$62,812$55,940$41,206
12 years$80,042$70,809$62,516$55,094$48,477$34,551
13 years$73,127$63,991$55,854$48,640$42,273$29,131
14 years$67,205$58,166$50,185$43,177$37,056$24,672
15 years$62,077$53,136$45,310$38,506$32,627$20,974
16 years$57,595$48,751$41,080$34,478$28,836$17,885
17 years$53,644$44,898$37,381$30,978$25,568$15,292
18 years$50,136$41,488$34,124$27,918$22,734$13,102
19 years$47,001$38,450$31,239$25,226$20,263$11,248
20 years$44,183$35,730$28,670$22,847$18,099$9,670
21 years$41,637$33,281$26,371$20,735$16,197$8,326
22 years$39,325$31,067$24,305$18,853$14,518$7,176
23 years$37,217$29,056$22,441$17,170$13,032$6,191
24 years$35,288$27,224$20,754$15,660$11,714$5,346
25 years$33,516$25,548$19,223$14,302$10,541$4,619
26 years$31,883$24,011$17,828$13,077$9,495$3,994
27 years$30,373$22,597$16,555$11,969$8,560$3,455
28 years$28,974$21,293$15,390$10,966$7,724$2,991
29 years$27,674$20,088$14,322$10,056$6,975$2,589
30 years$26,462$18,971$13,340$9,229$6,302$2,243
31 years$25,331$17,934$12,436$8,476$5,698$1,943
32 years$24,273$16,969$11,603$7,790$5,154$1,684
33 years$23,281$16,070$10,834$7,164$4,664$1,460
34 years$22,349$15,230$10,123$6,591$4,223$1,265
35 years$21,473$14,446$9,464$6,067$3,825$1,097
36 years$20,647$13,711$8,853$5,588$3,466$952
37 years$19,868$13,022$8,287$5,149$3,141$825
38 years$19,131$12,376$7,760$4,746$2,848$716
39 years$18,434$11,768$7,270$4,376$2,582$621
40 years$17,773$11,197$6,815$4,036$2,342$539
41 years$17,146$10,658$6,390$3,724$2,125$468
42 years$16,551$10,150$5,994$3,436$1,928$406
43 years$15,985$9,671$5,624$3,172$1,750$352
44 years$15,446$9,219$5,280$2,929$1,588$306
45 years$14,932$8,791$4,957$2,705$1,442$265
46 years$14,443$8,386$4,656$2,499$1,309$230
47 years$13,975$8,003$4,374$2,309$1,189$200
48 years$13,528$7,640$4,111$2,133$1,080$173
49 years$13,101$7,296$3,864$1,971$981$150
50 years$12,693$6,969$3,632$1,822$891$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,000,000, adding $6,994 every year, while hoping to spend $58,740 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: 81/7/12 Blend
59$13,000,000$13,000,000$13,000,000$13,000,000
60$14,333,214$13,644,214$13,442,714$15,462,524
61$15,732,703$14,250,282$13,830,546$16,810,617
62$17,272,971$14,884,078$14,229,402$18,281,675
63$18,968,316$15,546,900$14,639,589$19,894,698
64$20,834,491$16,240,105$15,061,422$21,663,890
65$22,888,856$16,965,116$15,495,226$23,604,890
66$25,150,536$17,723,424$15,941,333$25,734,921
67$27,640,610$18,516,591$16,400,087$28,072,954
68$30,382,299$19,346,251$16,871,837$30,639,882
69$33,401,195$20,214,118$17,356,944$33,458,720
70$36,725,495$21,121,988$17,855,780$36,554,814
71$40,386,271$22,071,741$18,368,724$39,956,086
72$44,417,761$23,065,347$18,896,167$43,693,291
73$48,857,695$24,104,871$19,438,511$47,800,307
74$53,747,645$25,192,475$19,996,166$52,314,455
75$59,133,424$26,330,425$20,569,557$57,276,846
76$65,065,513$27,521,096$21,159,117$62,732,769
77$71,599,540$28,766,975$21,765,292$68,732,118
78$78,796,804$30,070,668$22,388,541$75,329,857
79$86,724,854$31,434,906$23,029,333$82,586,540
80$95,458,125$32,862,552$23,688,151$90,568,881
81$105,078,640$34,356,603$24,365,490$99,350,376
82$115,676,787$35,920,203$25,061,860$109,012,003
83$127,352,169$37,556,642$25,777,782$119,642,975
84$140,214,545$39,269,372$26,513,792$131,341,585
85$154,384,865$41,062,008$27,270,441$144,216,131
86$169,996,414$42,938,339$28,048,293$158,385,934
87$187,196,066$44,902,336$28,847,929$173,982,459
88$206,145,673$46,958,159$29,669,943$191,150,560
89$227,023,592$49,110,169$30,514,946$210,049,837
90$250,026,367$51,362,936$31,383,566$230,856,143
91$275,370,586$53,721,249$32,276,444$253,763,242
92$303,294,923$56,190,127$33,194,242$278,984,628
93$334,062,393$58,774,832$34,137,638$306,755,546
94$367,962,834$61,480,875$35,107,326$337,335,201
95$405,315,642$64,314,037$36,104,019$371,009,207
96$446,472,784$67,280,372$37,128,451$408,092,273
97$491,822,126$70,386,228$38,181,373$448,931,174
98$541,791,089$73,638,259$39,263,554$493,908,019
99$596,850,683$77,043,436$40,375,786$543,443,854
100$657,519,958$80,609,070$41,518,880$598,002,630