Can I retire at age 61 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%11.3%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,030,970
2 years$531,449$521,552$511,959$502,659$493,637$487,917
3 years$350,780$340,840$331,272$322,058$313,184$307,590
4 years$260,463$250,553$241,081$232,025$223,365$217,940
5 years$206,287$196,437$187,089$178,217$169,799$164,558
6 years$170,182$160,405$151,195$142,522$134,356$129,307
7 years$144,402$134,708$125,644$117,175$109,267$104,413
8 years$125,077$115,470$106,556$98,295$90,648$85,988
9 years$110,053$100,537$91,777$83,726$76,339$71,872
10 years$98,042$88,619$80,013$72,172$65,044$60,769
11 years$88,220$78,892$70,442$62,812$55,940$51,853
12 years$80,042$70,809$62,516$55,094$48,477$44,574
13 years$73,127$63,991$55,854$48,640$42,273$38,551
14 years$67,205$58,166$50,185$43,177$37,056$33,511
15 years$62,077$53,136$45,310$38,506$32,627$29,255
16 years$57,595$48,751$41,080$34,478$28,836$25,631
17 years$53,644$44,898$37,381$30,978$25,568$22,526
18 years$50,136$41,488$34,124$27,918$22,734$19,849
19 years$47,001$38,450$31,239$25,226$20,263$17,530
20 years$44,183$35,730$28,670$22,847$18,099$15,514
21 years$41,637$33,281$26,371$20,735$16,197$13,753
22 years$39,325$31,067$24,305$18,853$14,518$12,210
23 years$37,217$29,056$22,441$17,170$13,032$10,855
24 years$35,288$27,224$20,754$15,660$11,714$9,661
25 years$33,516$25,548$19,223$14,302$10,541$8,608
26 years$31,883$24,011$17,828$13,077$9,495$7,677
27 years$30,373$22,597$16,555$11,969$8,560$6,851
28 years$28,974$21,293$15,390$10,966$7,724$6,119
29 years$27,674$20,088$14,322$10,056$6,975$5,469
30 years$26,462$18,971$13,340$9,229$6,302$4,890
31 years$25,331$17,934$12,436$8,476$5,698$4,375
32 years$24,273$16,969$11,603$7,790$5,154$3,916
33 years$23,281$16,070$10,834$7,164$4,664$3,506
34 years$22,349$15,230$10,123$6,591$4,223$3,141
35 years$21,473$14,446$9,464$6,067$3,825$2,814
36 years$20,647$13,711$8,853$5,588$3,466$2,522
37 years$19,868$13,022$8,287$5,149$3,141$2,261
38 years$19,131$12,376$7,760$4,746$2,848$2,028
39 years$18,434$11,768$7,270$4,376$2,582$1,819
40 years$17,773$11,197$6,815$4,036$2,342$1,631
41 years$17,146$10,658$6,390$3,724$2,125$1,464
42 years$16,551$10,150$5,994$3,436$1,928$1,313
43 years$15,985$9,671$5,624$3,172$1,750$1,179
44 years$15,446$9,219$5,280$2,929$1,588$1,058
45 years$14,932$8,791$4,957$2,705$1,442$950
46 years$14,443$8,386$4,656$2,499$1,309$853
47 years$13,975$8,003$4,374$2,309$1,189$765
48 years$13,528$7,640$4,111$2,133$1,080$687
49 years$13,101$7,296$3,864$1,971$981$617
50 years$12,693$6,969$3,632$1,822$891$554

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,000,000, adding $5,178 every year, while hoping to spend $28,922 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: 54/40/6 Blend
60$13,000,000$13,000,000$13,000,000$13,000,000
61$14,331,341$13,642,341$13,440,841$15,085,678
62$15,762,365$14,280,043$13,860,337$16,233,614
63$17,338,384$14,948,023$14,292,916$17,478,654
64$19,074,157$15,647,734$14,738,986$18,832,914
65$20,985,948$16,380,700$15,198,969$20,306,738
66$23,091,678$17,148,517$15,673,297$21,911,486
67$25,411,094$17,952,860$16,162,418$23,659,641
68$27,965,959$18,795,483$16,666,793$25,564,918
69$30,780,253$19,678,228$17,186,896$27,642,389
70$33,880,400$20,603,022$17,723,218$29,908,618
71$37,295,520$21,571,889$18,276,265$32,381,814
72$41,057,701$22,586,950$18,846,558$35,081,994
73$45,202,302$23,650,426$19,434,634$38,031,166
74$49,768,289$24,764,650$20,041,046$41,253,530
75$54,798,601$25,932,063$20,666,367$44,775,699
76$60,340,554$27,155,230$21,311,186$48,626,941
77$66,446,289$28,436,835$21,976,110$52,839,450
78$73,173,266$29,779,695$22,661,765$57,448,640
79$80,584,802$31,186,764$23,368,797$62,493,468
80$88,750,673$32,661,136$24,097,873$68,016,797
81$97,747,769$34,206,059$24,849,679$74,065,787
82$107,660,821$35,824,935$25,624,922$80,692,334
83$118,583,202$37,521,334$26,424,334$87,953,543
84$130,617,806$39,298,997$27,248,667$95,912,262
85$143,878,022$41,161,848$28,098,698$104,637,662
86$158,488,803$43,114,001$28,975,226$114,205,873
87$174,587,842$45,159,768$29,879,078$124,700,698
88$192,326,878$47,303,673$30,811,103$136,214,382
89$211,873,125$49,550,459$31,772,181$148,848,477
90$233,410,850$51,905,097$32,763,215$162,714,778
91$257,143,113$54,372,803$33,785,138$177,936,369
92$283,293,683$56,959,044$34,838,914$194,648,765
93$312,109,155$59,669,552$35,925,533$213,001,174
94$343,861,268$62,510,340$37,046,018$233,157,893
95$378,849,483$65,487,712$38,201,425$255,299,832
96$417,403,797$68,608,277$39,392,840$279,626,209
97$459,887,870$71,878,968$40,621,385$306,356,408
98$506,702,447$75,307,052$41,888,216$335,732,028
99$558,289,151$78,900,152$43,194,526$368,019,139
100$615,134,645$82,666,260$44,541,543$403,510,778