Can I retire at age 60 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,016,063
2 years$535,538$525,564$515,897$506,525$497,434$468,880
3 years$353,479$343,462$333,820$324,536$315,593$287,927
4 years$262,467$252,481$242,935$233,810$225,083$198,519
5 years$207,874$197,948$188,528$179,588$171,105$145,715
6 years$171,491$161,639$152,358$143,618$135,389$111,198
7 years$145,513$135,744$126,611$118,076$110,108$87,116
8 years$126,039$116,358$107,376$99,051$91,345$69,540
9 years$110,900$101,311$92,483$84,370$76,926$56,288
10 years$98,796$89,300$80,629$72,728$65,545$46,047
11 years$88,899$79,499$70,984$63,295$56,371$37,983
12 years$80,658$71,354$62,997$55,518$48,850$31,537
13 years$73,689$64,483$56,283$49,014$42,598$26,324
14 years$67,722$58,613$50,571$43,509$37,341$22,067
15 years$62,555$53,544$45,659$38,803$32,878$18,564
16 years$58,038$49,126$41,396$34,744$29,058$15,662
17 years$54,057$45,243$37,669$31,217$25,764$13,246
18 years$50,522$41,807$34,387$28,133$22,909$11,225
19 years$47,362$38,746$31,480$25,420$20,419$9,528
20 years$44,523$36,005$28,890$23,023$18,239$8,100
21 years$41,957$33,537$26,574$20,895$16,321$6,894
22 years$39,627$31,305$24,492$18,998$14,630$5,873
23 years$37,503$29,279$22,614$17,302$13,133$5,008
24 years$35,559$27,433$20,914$15,780$11,804$4,273
25 years$33,774$25,744$19,370$14,412$10,622$3,648
26 years$32,128$24,196$17,965$13,177$9,568$3,117
27 years$30,607$22,771$16,682$12,061$8,626$2,664
28 years$29,197$21,457$15,508$11,051$7,783$2,277
29 years$27,887$20,242$14,432$10,134$7,028$1,948
30 years$26,666$19,117$13,443$9,300$6,350$1,666
31 years$25,526$18,071$12,532$8,542$5,741$1,426
32 years$24,460$17,099$11,693$7,850$5,194$1,220
33 years$23,460$16,193$10,918$7,219$4,700$1,045
34 years$22,521$15,348$10,201$6,642$4,255$894
35 years$21,638$14,557$9,537$6,114$3,854$766
36 years$20,806$13,817$8,922$5,631$3,492$656
37 years$20,020$13,123$8,350$5,188$3,165$562
38 years$19,278$12,471$7,820$4,782$2,869$481
39 years$18,575$11,859$7,326$4,409$2,602$412
40 years$17,910$11,283$6,867$4,067$2,360$353
41 years$17,278$10,740$6,439$3,752$2,141$302
42 years$16,678$10,229$6,040$3,463$1,943$259
43 years$16,108$9,746$5,668$3,197$1,763$222
44 years$15,565$9,290$5,320$2,952$1,601$190
45 years$15,047$8,859$4,995$2,726$1,453$163
46 years$14,554$8,451$4,692$2,518$1,319$140
47 years$14,083$8,065$4,408$2,326$1,198$120
48 years$13,632$7,699$4,142$2,150$1,088$102
49 years$13,202$7,352$3,893$1,987$988$88
50 years$12,790$7,023$3,660$1,836$898$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,100,000, adding $4,898 every year, while hoping to spend $38,924 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: 77/5/18 Blend
59$13,100,000$13,100,000$13,100,000$13,100,000
60$14,441,252$13,746,952$13,543,902$15,494,140
61$15,872,845$14,379,138$13,956,208$16,822,807
62$17,449,156$15,040,996$14,381,022$18,274,226
63$19,184,905$15,733,940$14,818,721$19,864,966
64$21,096,312$16,459,450$15,269,695$21,608,939
65$23,201,251$17,219,078$15,734,345$23,521,470
66$25,519,417$18,014,451$16,213,084$25,619,432
67$28,072,512$18,847,274$16,706,337$27,921,410
68$30,884,452$19,719,334$17,214,543$30,447,871
69$33,981,589$20,632,504$17,738,152$33,221,359
70$37,392,961$21,588,748$18,277,631$36,266,705
71$41,150,569$22,590,122$18,833,458$39,611,258
72$45,289,674$23,638,785$19,406,126$43,285,145
73$49,849,133$24,736,998$19,996,143$47,321,551
74$54,871,764$25,887,130$20,604,033$51,757,029
75$60,404,751$27,091,667$21,230,335$56,631,848
76$66,500,089$28,353,211$21,875,605$61,990,369
77$73,215,074$29,674,495$22,540,413$67,881,459
78$80,612,844$31,058,378$23,225,350$74,358,953
79$88,762,977$32,507,861$23,931,022$81,482,160
80$97,742,144$34,026,089$24,658,054$89,316,422
81$107,634,834$35,616,359$25,407,090$97,933,722
82$118,534,152$37,282,126$26,178,793$107,413,370
83$130,542,699$39,027,013$26,973,846$117,842,743
84$143,773,536$40,854,819$27,792,952$129,318,109
85$158,351,257$42,769,525$28,636,835$141,945,534
86$174,413,159$44,775,305$29,506,243$155,841,878
87$192,110,542$46,876,536$30,401,943$171,135,899
88$211,610,136$49,077,806$31,324,727$187,969,461
89$233,095,676$51,383,923$32,275,411$206,498,874
90$256,769,631$53,799,932$33,254,834$226,896,365
91$282,855,123$56,331,118$34,263,860$249,351,697
92$311,598,027$58,983,024$35,303,381$274,073,963
93$343,269,295$61,761,462$36,374,314$301,293,553
94$378,167,513$64,672,524$37,477,603$331,264,323
95$416,621,719$67,722,597$38,614,223$364,265,993
96$458,994,510$70,918,379$39,785,174$400,606,777
97$505,685,462$74,266,892$40,991,490$440,626,294
98$557,134,907$77,775,498$42,234,233$484,698,767
99$613,828,086$81,451,915$43,514,498$533,236,550
100$676,299,729$85,304,238$44,833,412$586,694,019