Can I retire at age 65 with 11,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$924,886$916,647$908,609$900,764$893,104$884,882
2 years$457,864$449,337$441,073$433,060$425,287$417,004
3 years$302,211$293,647$285,403$277,466$269,820$261,731
4 years$224,399$215,861$207,700$199,898$192,438$184,606
5 years$177,725$169,238$161,184$153,541$146,288$138,737
6 years$146,618$138,195$130,261$122,788$115,753$108,491
7 years$124,408$116,056$108,247$100,951$94,138$87,169
8 years$107,758$99,482$91,802$84,685$78,097$71,420
9 years$94,815$86,617$79,069$72,133$65,769$59,383
10 years$84,467$76,348$68,934$62,179$56,038$49,939
11 years$76,005$67,969$60,689$54,115$48,195$42,377
12 years$68,959$61,005$53,860$47,466$41,764$36,223
13 years$63,002$55,131$48,120$41,905$36,419$31,148
14 years$57,900$50,112$43,236$37,199$31,925$26,917
15 years$53,482$45,778$39,036$33,175$28,109$23,357
16 years$49,620$42,001$35,392$29,704$24,843$20,339
17 years$46,216$38,681$32,205$26,689$22,028$17,763
18 years$43,194$35,743$29,399$24,052$19,586$15,553
19 years$40,493$33,126$26,914$21,733$17,457$13,648
20 years$38,065$30,783$24,700$19,684$15,593$11,999
21 years$35,871$28,673$22,719$17,864$13,954$10,567
22 years$33,880$26,765$20,939$16,243$12,508$9,319
23 years$32,064$25,033$19,334$14,793$11,228$8,228
24 years$30,402$23,454$17,881$13,492$10,092$7,273
25 years$28,875$22,010$16,561$12,321$9,081$6,435
26 years$27,468$20,686$15,359$11,266$8,180$5,699
27 years$26,168$19,468$14,263$10,312$7,375$5,050
28 years$24,962$18,345$13,259$9,448$6,655$4,478
29 years$23,842$17,306$12,339$8,664$6,009$3,973
30 years$22,798$16,344$11,493$7,951$5,429$3,527
31 years$21,824$15,450$10,715$7,303$4,909$3,132
32 years$20,912$14,619$9,997$6,711$4,440$2,783
33 years$20,058$13,845$9,334$6,172$4,018$2,474
34 years$19,255$13,122$8,721$5,679$3,638$2,199
35 years$18,500$12,446$8,154$5,227$3,295$1,956
36 years$17,788$11,813$7,628$4,814$2,986$1,740
37 years$17,117$11,219$7,139$4,436$2,706$1,548
38 years$16,482$10,662$6,686$4,089$2,453$1,377
39 years$15,881$10,139$6,264$3,770$2,225$1,226
40 years$15,312$9,646$5,871$3,477$2,018$1,091
41 years$14,772$9,182$5,505$3,208$1,831$971
42 years$14,259$8,745$5,164$2,961$1,661$865
43 years$13,771$8,332$4,846$2,733$1,508$770
44 years$13,307$7,942$4,549$2,524$1,368$686
45 years$12,865$7,574$4,271$2,331$1,242$611
46 years$12,443$7,225$4,011$2,153$1,128$544
47 years$12,040$6,895$3,769$1,989$1,024$485
48 years$11,655$6,582$3,541$1,838$930$432
49 years$11,287$6,286$3,329$1,698$845$385
50 years$10,935$6,004$3,130$1,570$767$343

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,200,000, adding $2,348 every year, while hoping to spend $49,008 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: 38/50/12 Blend
64$11,200,000$11,200,000$11,200,000$11,200,000
65$12,344,822$11,751,222$11,577,622$12,768,727
66$13,551,850$12,274,888$11,913,328$13,594,150
67$14,880,352$12,822,571$12,258,638$14,480,669
68$16,342,667$13,395,396$12,613,821$15,437,639
69$17,952,390$13,994,541$12,979,156$16,471,405
70$19,724,502$14,621,243$13,354,926$17,588,924
71$21,675,511$15,276,793$13,741,425$18,797,823
72$23,823,604$15,962,547$14,138,954$20,106,467
73$26,188,824$16,679,924$14,547,822$21,524,032
74$28,793,256$17,430,412$14,968,346$23,060,586
75$31,661,235$18,215,569$15,400,852$24,727,177
76$34,819,577$19,037,027$15,845,676$26,535,932
77$38,297,829$19,896,497$16,303,162$28,500,165
78$42,128,553$20,795,771$16,773,663$30,634,495
79$46,347,628$21,736,726$17,257,543$32,954,976
80$50,994,589$22,721,329$17,755,175$35,479,244
81$56,113,006$23,751,643$18,266,941$38,226,671
82$61,750,885$24,829,826$18,793,237$41,218,544
83$67,961,131$25,958,143$19,334,465$44,478,253
84$74,802,038$27,138,964$19,891,042$48,031,506
85$82,337,847$28,374,774$20,463,393$51,906,560
86$90,639,348$29,668,179$21,051,957$56,134,480
87$99,784,548$31,021,906$21,657,184$60,749,420
88$109,859,408$32,438,815$22,279,536$65,788,933
89$120,958,654$33,921,903$22,919,486$71,294,318
90$133,186,671$35,474,311$23,577,523$77,310,996
91$146,658,488$37,099,329$24,254,147$83,888,923
92$161,500,863$38,800,406$24,949,871$91,083,055
93$177,853,483$40,581,157$25,665,223$98,953,847
94$195,870,274$42,445,370$26,400,744$107,567,813
95$215,720,864$44,397,015$27,156,991$116,998,138
96$237,592,177$46,440,254$27,934,535$127,325,349
97$261,690,199$48,579,446$28,733,961$138,638,068
98$288,241,923$50,819,162$29,555,873$151,033,822
99$317,497,491$53,164,194$30,400,887$164,619,950
100$349,732,557$55,619,561$31,269,638$179,514,596