Can I retire at age 66 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%15.9%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,011,578
2 years$531,449$521,552$511,959$502,659$493,637$468,540
3 years$350,780$340,840$331,272$322,058$313,184$288,834
4 years$260,463$250,553$241,081$232,025$223,365$199,950
5 years$206,287$196,437$187,089$178,217$169,799$147,384
6 years$170,182$160,405$151,195$142,522$134,356$112,964
7 years$144,402$134,708$125,644$117,175$109,267$88,901
8 years$125,077$115,470$106,556$98,295$90,648$71,299
9 years$110,053$100,537$91,777$83,726$76,339$57,991
10 years$98,042$88,619$80,013$72,172$65,044$47,677
11 years$88,220$78,892$70,442$62,812$55,940$39,529
12 years$80,042$70,809$62,516$55,094$48,477$32,994
13 years$73,127$63,991$55,854$48,640$42,273$27,688
14 years$67,205$58,166$50,185$43,177$37,056$23,338
15 years$62,077$53,136$45,310$38,506$32,627$19,744
16 years$57,595$48,751$41,080$34,478$28,836$16,753
17 years$53,644$44,898$37,381$30,978$25,568$14,251
18 years$50,136$41,488$34,124$27,918$22,734$12,148
19 years$47,001$38,450$31,239$25,226$20,263$10,374
20 years$44,183$35,730$28,670$22,847$18,099$8,873
21 years$41,637$33,281$26,371$20,735$16,197$7,598
22 years$39,325$31,067$24,305$18,853$14,518$6,513
23 years$37,217$29,056$22,441$17,170$13,032$5,589
24 years$35,288$27,224$20,754$15,660$11,714$4,799
25 years$33,516$25,548$19,223$14,302$10,541$4,124
26 years$31,883$24,011$17,828$13,077$9,495$3,546
27 years$30,373$22,597$16,555$11,969$8,560$3,050
28 years$28,974$21,293$15,390$10,966$7,724$2,625
29 years$27,674$20,088$14,322$10,056$6,975$2,260
30 years$26,462$18,971$13,340$9,229$6,302$1,946
31 years$25,331$17,934$12,436$8,476$5,698$1,676
32 years$24,273$16,969$11,603$7,790$5,154$1,444
33 years$23,281$16,070$10,834$7,164$4,664$1,244
34 years$22,349$15,230$10,123$6,591$4,223$1,073
35 years$21,473$14,446$9,464$6,067$3,825$925
36 years$20,647$13,711$8,853$5,588$3,466$797
37 years$19,868$13,022$8,287$5,149$3,141$687
38 years$19,131$12,376$7,760$4,746$2,848$593
39 years$18,434$11,768$7,270$4,376$2,582$511
40 years$17,773$11,197$6,815$4,036$2,342$441
41 years$17,146$10,658$6,390$3,724$2,125$380
42 years$16,551$10,150$5,994$3,436$1,928$328
43 years$15,985$9,671$5,624$3,172$1,750$283
44 years$15,446$9,219$5,280$2,929$1,588$244
45 years$14,932$8,791$4,957$2,705$1,442$210
46 years$14,443$8,386$4,656$2,499$1,309$182
47 years$13,975$8,003$4,374$2,309$1,189$157
48 years$13,528$7,640$4,111$2,133$1,080$135
49 years$13,101$7,296$3,864$1,971$981$117
50 years$12,693$6,969$3,632$1,822$891$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,000,000, adding $4,652 every year, while hoping to spend $57,603 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: 42/40/18 Blend
65$13,000,000$13,000,000$13,000,000$13,000,000
66$14,330,799$13,641,799$13,440,299$14,856,936
67$15,731,251$14,248,958$13,829,259$15,836,768
68$17,272,619$14,883,937$14,229,320$16,891,168
69$18,969,215$15,548,038$14,640,791$18,031,760
70$20,836,809$16,242,627$15,063,992$19,266,475
71$22,892,780$16,969,131$15,499,252$20,604,018
72$25,156,273$17,729,049$15,946,907$22,053,942
73$27,648,389$18,523,948$16,407,304$23,626,735
74$30,392,375$19,355,472$16,880,799$25,333,912
75$33,413,849$20,225,342$17,367,757$27,188,121
76$36,741,039$21,135,361$17,868,554$29,203,254
77$40,405,050$22,087,419$18,383,576$31,394,573
78$44,440,157$23,083,495$18,913,218$33,778,845
79$48,884,130$24,125,663$19,457,888$36,374,498
80$53,778,587$25,216,096$20,018,003$39,201,785
81$59,169,390$26,357,071$20,593,993$42,282,966
82$65,107,074$27,550,974$21,186,298$45,642,516
83$71,647,327$28,800,304$21,795,371$49,307,342
84$78,851,516$30,107,680$22,421,677$53,307,032
85$86,787,260$31,475,846$23,065,693$57,674,125
86$95,529,077$32,907,679$23,727,910$62,444,408
87$105,159,079$34,406,191$24,408,831$67,657,244
88$115,767,751$35,974,540$25,108,973$73,355,934
89$127,454,804$37,616,036$25,828,866$79,588,117
90$140,330,118$39,334,145$26,569,057$86,406,204
91$154,514,773$41,132,502$27,330,104$93,867,868
92$170,142,200$43,014,914$28,112,582$102,036,569
93$187,359,431$44,985,372$28,917,080$110,982,145
94$206,328,497$47,048,059$29,744,206$120,781,457
95$227,227,947$49,207,357$30,594,580$131,519,100
96$250,254,539$51,467,859$31,468,841$143,288,189
97$275,625,099$53,834,381$32,367,644$156,191,220
98$303,578,561$56,311,967$33,291,661$170,341,026
99$334,378,226$58,905,905$34,241,584$185,861,819
100$368,314,248$61,621,738$35,218,120$202,890,353