Can I retire at age 65 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,055,182
2 years$547,802$537,599$527,712$518,125$508,826$495,391
3 years$361,573$351,327$341,464$331,968$322,820$309,719
4 years$268,478$258,263$248,499$239,164$230,238$217,572
5 years$212,635$202,481$192,845$183,701$175,023$162,830
6 years$175,418$165,341$155,848$146,907$138,490$126,784
7 years$148,845$138,853$129,510$120,780$112,629$101,414
8 years$128,925$119,023$109,835$101,320$93,437$82,712
9 years$113,439$103,631$94,601$86,302$78,687$68,449
10 years$101,058$91,345$82,475$74,393$67,046$57,285
11 years$90,935$81,319$72,610$64,744$57,661$48,371
12 years$82,505$72,988$64,439$56,789$49,968$41,137
13 years$75,377$65,960$57,572$50,137$43,573$35,191
14 years$69,273$59,956$51,729$44,506$38,196$30,249
15 years$63,987$54,771$46,704$39,691$33,631$26,107
16 years$59,367$50,251$42,344$35,539$29,723$22,609
17 years$55,295$46,279$38,532$31,932$26,354$19,635
18 years$51,679$42,764$35,174$28,777$23,433$17,095
19 years$48,447$39,633$32,200$26,002$20,887$14,914
20 years$45,542$36,829$29,552$23,550$18,656$13,036
21 years$42,918$34,305$27,182$21,373$16,695$11,411
22 years$40,535$32,022$25,053$19,433$14,965$10,003
23 years$38,362$29,950$23,132$17,698$13,433$8,778
24 years$36,374$28,061$21,393$16,142$12,074$7,712
25 years$34,547$26,334$19,814$14,742$10,865$6,781
26 years$32,864$24,750$18,376$13,479$9,787$5,967
27 years$31,308$23,292$17,064$12,338$8,824$5,254
28 years$29,866$21,948$15,863$11,304$7,962$4,629
29 years$28,525$20,706$14,762$10,366$7,189$4,081
30 years$27,277$19,554$13,750$9,513$6,496$3,599
31 years$26,111$18,485$12,819$8,737$5,873$3,175
32 years$25,020$17,491$11,960$8,030$5,312$2,802
33 years$23,997$16,564$11,168$7,384$4,808$2,474
34 years$23,037$15,699$10,434$6,794$4,353$2,185
35 years$22,134$14,890$9,755$6,254$3,943$1,930
36 years$21,282$14,133$9,126$5,760$3,572$1,705
37 years$20,479$13,423$8,542$5,307$3,238$1,507
38 years$19,720$12,757$7,999$4,892$2,935$1,332
39 years$19,001$12,130$7,494$4,510$2,662$1,177
40 years$18,320$11,541$7,024$4,160$2,414$1,041
41 years$17,674$10,986$6,586$3,838$2,190$920
42 years$17,060$10,463$6,178$3,542$1,987$814
43 years$16,477$9,969$5,798$3,270$1,804$720
44 years$15,921$9,502$5,442$3,019$1,637$637
45 years$15,392$9,061$5,110$2,788$1,486$563
46 years$14,887$8,644$4,799$2,576$1,350$498
47 years$14,405$8,249$4,509$2,380$1,225$441
48 years$13,945$7,875$4,237$2,199$1,113$390
49 years$13,504$7,520$3,983$2,032$1,011$345
50 years$13,083$7,184$3,744$1,878$918$305

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $13,400,000, adding $2,233 every year, while hoping to spend $31,753 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: 63/26/11 Blend
64$13,400,000$13,400,000$13,400,000$13,400,000
65$14,769,103$14,058,903$13,851,203$15,662,511
66$16,241,767$14,714,005$14,281,434$16,915,417
67$17,863,578$15,400,142$14,725,013$18,279,027
68$19,649,716$16,118,802$15,182,354$19,767,160
69$21,616,908$16,871,544$15,653,883$21,391,903
70$23,783,585$17,660,002$16,140,041$23,166,547
71$26,170,059$18,485,890$16,641,280$25,105,714
72$28,798,710$19,351,004$17,158,068$27,225,484
73$31,694,202$20,257,227$17,690,887$29,543,548
74$34,883,711$21,206,532$18,240,233$32,079,369
75$38,397,187$22,200,989$18,806,618$34,854,363
76$42,267,631$23,242,768$19,390,570$37,892,092
77$46,531,408$24,334,142$19,992,633$41,218,486
78$51,228,594$25,477,498$20,613,368$44,862,082
79$56,403,348$26,675,333$21,253,354$48,854,286
80$62,104,335$27,930,270$21,913,187$53,229,666
81$68,385,180$29,245,056$22,593,481$58,026,272
82$75,304,976$30,622,571$23,294,871$63,285,988
83$82,928,844$32,065,837$24,018,009$69,054,921
84$91,328,543$33,578,020$24,763,569$75,383,834
85$100,583,151$35,162,440$25,532,246$82,328,610
86$110,779,811$36,822,578$26,324,755$89,950,780
87$122,014,552$38,562,084$27,141,834$98,318,093
88$134,393,195$40,384,785$27,984,244$107,505,147
89$148,032,353$42,294,692$28,852,769$117,594,086
90$163,060,535$44,296,013$29,748,218$128,675,366
91$179,619,350$46,393,159$30,671,424$140,848,600
92$197,864,854$48,590,754$31,623,247$154,223,490
93$217,969,015$50,893,647$32,604,572$168,920,850
94$240,121,343$53,306,924$33,616,313$185,073,740
95$264,530,671$55,835,915$34,659,411$202,828,707
96$291,427,135$58,486,210$35,734,837$222,347,159
97$321,064,340$61,263,672$36,843,591$243,806,876
98$353,721,757$64,174,445$37,986,705$267,403,678
99$389,707,359$67,224,976$39,165,242$293,353,257
100$429,360,530$70,422,021$40,380,299$321,893,203