diff --git a/Gemfile.lock b/Gemfile.lock
index 48aebc0..dcb7616 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -39,7 +39,7 @@ GEM
       coderay (~> 1.1.0)
       method_source (~> 0.8.1)
       slop (~> 3.4)
-    rake (10.5.0)
+    rake (13.0.1)
     rb-fsevent (0.9.4)
     rb-inotify (0.9.5)
       ffi (>= 0.5.0)
@@ -67,7 +67,7 @@ DEPENDENCIES
   guard-rspec (~> 4.2.10)
   i18n (>= 0.7.0)
   money_column!
-  rake (~> 10.5.0)
+  rake (~> 13.0.1)
   rb-fsevent (~> 0.9.4)
   rspec (~> 3.0.0)
 
diff --git a/money_column.gemspec b/money_column.gemspec
index cfb5811..244df96 100644
--- a/money_column.gemspec
+++ b/money_column.gemspec
@@ -23,7 +23,7 @@ Gem::Specification.new do |s|
   s.add_runtime_dependency('monetize')
 
   # Development Dependencies
-  s.add_development_dependency('rake', '~> 10.5.0')
+  s.add_development_dependency('rake', '~> 13.0.1')
   s.add_development_dependency('rspec', '~> 3.0.0')
   s.add_development_dependency('guard-rspec', '~> 4.2.10')
   s.add_development_dependency('growl', '~> 1.0.3')