Can I retire at age 60 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%13.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,046,008
2 years$543,714$533,587$523,774$514,258$505,029$490,393
3 years$358,875$348,705$338,916$329,490$320,411$306,147
4 years$266,474$256,335$246,644$237,379$228,520$214,737
5 years$211,048$200,970$191,406$182,330$173,717$160,456
6 years$174,109$164,107$154,685$145,811$137,456$124,733
7 years$147,735$137,817$128,544$119,879$111,789$99,607
8 years$127,963$118,135$109,015$100,564$92,740$81,098
9 years$112,593$102,857$93,895$85,658$78,100$66,994
10 years$100,304$90,664$81,860$73,838$66,545$55,966
11 years$90,256$80,713$72,068$64,261$57,231$47,169
12 years$81,889$72,443$63,958$56,366$49,595$40,038
13 years$74,814$65,468$57,143$49,762$43,248$34,183
14 years$68,756$59,508$51,343$44,173$37,911$29,325
15 years$63,510$54,362$46,356$39,395$33,380$25,258
16 years$58,924$49,876$42,028$35,274$29,501$21,827
17 years$54,882$45,934$38,244$31,693$26,158$18,917
18 years$51,293$42,445$34,912$28,562$23,258$16,434
19 years$48,086$39,338$31,960$25,808$20,731$14,306
20 years$45,202$36,554$29,331$23,374$18,517$12,476
21 years$42,597$34,049$26,979$21,214$16,571$10,897
22 years$40,232$31,783$24,866$19,288$14,853$9,530
23 years$38,076$29,726$22,959$17,566$13,333$8,344
24 years$36,102$27,852$21,233$16,021$11,984$7,313
25 years$34,289$26,137$19,666$14,632$10,784$6,415
26 years$32,619$24,565$18,239$13,378$9,714$5,632
27 years$31,074$23,119$16,937$12,246$8,758$4,947
28 years$29,643$21,784$15,745$11,220$7,902$4,348
29 years$28,312$20,551$14,652$10,289$7,136$3,824
30 years$27,073$19,408$13,648$9,442$6,447$3,364
31 years$25,916$18,347$12,723$8,672$5,829$2,961
32 years$24,833$17,360$11,871$7,970$5,273$2,607
33 years$23,818$16,441$11,084$7,329$4,772$2,296
34 years$22,865$15,582$10,356$6,743$4,320$2,022
35 years$21,968$14,779$9,683$6,208$3,913$1,782
36 years$21,123$14,028$9,058$5,717$3,546$1,570
37 years$20,326$13,323$8,478$5,267$3,213$1,384
38 years$19,572$12,662$7,939$4,855$2,913$1,220
39 years$18,859$12,040$7,438$4,477$2,642$1,076
40 years$18,183$11,455$6,972$4,129$2,396$949
41 years$17,542$10,904$6,537$3,810$2,174$837
42 years$16,933$10,385$6,132$3,516$1,973$738
43 years$16,354$9,895$5,754$3,245$1,790$651
44 years$15,802$9,432$5,401$2,997$1,625$574
45 years$15,277$8,994$5,072$2,768$1,475$507
46 years$14,776$8,580$4,764$2,556$1,339$447
47 years$14,298$8,188$4,475$2,362$1,216$394
48 years$13,841$7,816$4,205$2,182$1,105$348
49 years$13,404$7,464$3,953$2,017$1,003$307
50 years$12,985$7,130$3,716$1,864$911$271

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $13,300,000, adding $5,560 every year, while hoping to spend $48,995 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: 45/29/26 Blend
59$13,300,000$13,300,000$13,300,000$13,300,000
60$14,662,335$13,957,435$13,751,285$15,211,756
61$16,105,763$14,589,219$14,159,823$16,233,508
62$17,694,778$15,250,318$14,580,405$17,335,741
63$19,444,180$15,942,118$15,013,382$18,530,183
64$21,370,273$16,666,068$15,459,117$19,825,459
65$23,491,025$17,423,690$15,917,982$21,231,042
66$25,826,235$18,216,576$16,390,359$22,757,337
67$28,397,718$19,046,396$16,876,644$24,415,777
68$31,229,515$19,914,899$17,377,242$26,218,924
69$34,348,116$20,823,919$17,892,569$28,180,585
70$37,782,708$21,775,376$18,423,055$30,315,934
71$41,565,459$22,771,284$18,969,141$32,641,653
72$45,731,811$23,813,752$19,531,283$35,176,084
73$50,320,821$24,904,991$20,109,946$37,939,391
74$55,375,527$26,047,318$20,705,612$40,953,753
75$60,943,356$27,243,162$21,318,775$44,243,559
76$67,076,569$28,495,067$21,949,945$47,835,637
77$73,832,755$29,805,701$22,599,643$51,759,498
78$81,275,374$31,177,859$23,268,410$56,047,607
79$89,474,358$32,614,470$23,956,798$60,735,683
80$98,506,769$34,118,606$24,665,377$65,863,029
81$108,457,526$35,693,484$25,394,733$71,472,892
82$119,420,207$37,342,477$26,145,470$77,612,866
83$131,497,931$39,069,122$26,918,206$84,335,331
84$144,804,334$40,877,123$27,713,580$91,697,937
85$159,464,640$42,770,366$28,532,249$99,764,141
86$175,616,840$44,752,920$29,374,886$108,603,792
87$193,412,998$46,829,055$30,242,185$118,293,786
88$213,020,687$49,003,241$31,134,862$128,918,772
89$234,624,567$51,280,170$32,053,649$140,571,949
90$258,428,129$53,664,754$32,999,302$153,355,925
91$284,655,617$56,162,146$33,972,598$167,383,681
92$313,554,146$58,777,747$34,974,336$182,779,617
93$345,396,030$61,517,218$36,005,338$199,680,717
94$380,481,356$64,386,493$37,066,447$218,237,828
95$419,140,816$67,391,792$38,158,535$238,617,066
96$461,738,827$70,539,638$39,282,493$261,001,369
97$508,676,973$73,836,865$40,439,242$285,592,209
98$560,397,794$77,290,642$41,629,727$312,611,478
99$617,388,966$80,908,480$42,854,920$342,303,561
100$680,187,901$84,698,257$44,115,821$374,937,625