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

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 $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%16%
1 years$924,886$916,647$908,609$900,764$893,104$871,160
2 years$457,864$449,337$441,073$433,060$425,287$403,315
3 years$302,211$293,647$285,403$277,466$269,820$248,505
4 years$224,399$215,861$207,700$199,898$192,438$171,945
5 years$177,725$169,238$161,184$153,541$146,288$126,675
6 years$146,618$138,195$130,261$122,788$115,753$97,038
7 years$124,408$116,056$108,247$100,951$94,138$76,325
8 years$107,758$99,482$91,802$84,685$78,097$61,177
9 years$94,815$86,617$79,069$72,133$65,769$49,728
10 years$84,467$76,348$68,934$62,179$56,038$40,858
11 years$76,005$67,969$60,689$54,115$48,195$33,854
12 years$68,959$61,005$53,860$47,466$41,764$28,238
13 years$63,002$55,131$48,120$41,905$36,419$23,682
14 years$57,900$50,112$43,236$37,199$31,925$19,948
15 years$53,482$45,778$39,036$33,175$28,109$16,863
16 years$49,620$42,001$35,392$29,704$24,843$14,299
17 years$46,216$38,681$32,205$26,689$22,028$12,155
18 years$43,194$35,743$29,399$24,052$19,586$10,354
19 years$40,493$33,126$26,914$21,733$17,457$8,835
20 years$38,065$30,783$24,700$19,684$15,593$7,550
21 years$35,871$28,673$22,719$17,864$13,954$6,461
22 years$33,880$26,765$20,939$16,243$12,508$5,534
23 years$32,064$25,033$19,334$14,793$11,228$4,745
24 years$30,402$23,454$17,881$13,492$10,092$4,071
25 years$28,875$22,010$16,561$12,321$9,081$3,496
26 years$27,468$20,686$15,359$11,266$8,180$3,003
27 years$26,168$19,468$14,263$10,312$7,375$2,581
28 years$24,962$18,345$13,259$9,448$6,655$2,219
29 years$23,842$17,306$12,339$8,664$6,009$1,909
30 years$22,798$16,344$11,493$7,951$5,429$1,643
31 years$21,824$15,450$10,715$7,303$4,909$1,414
32 years$20,912$14,619$9,997$6,711$4,440$1,217
33 years$20,058$13,845$9,334$6,172$4,018$1,048
34 years$19,255$13,122$8,721$5,679$3,638$903
35 years$18,500$12,446$8,154$5,227$3,295$777
36 years$17,788$11,813$7,628$4,814$2,986$670
37 years$17,117$11,219$7,139$4,436$2,706$577
38 years$16,482$10,662$6,686$4,089$2,453$497
39 years$15,881$10,139$6,264$3,770$2,225$428
40 years$15,312$9,646$5,871$3,477$2,018$369
41 years$14,772$9,182$5,505$3,208$1,831$318
42 years$14,259$8,745$5,164$2,961$1,661$274
43 years$13,771$8,332$4,846$2,733$1,508$236
44 years$13,307$7,942$4,549$2,524$1,368$204
45 years$12,865$7,574$4,271$2,331$1,242$175
46 years$12,443$7,225$4,011$2,153$1,128$151
47 years$12,040$6,895$3,769$1,989$1,024$130
48 years$11,655$6,582$3,541$1,838$930$112
49 years$11,287$6,286$3,329$1,698$845$97
50 years$10,935$6,004$3,130$1,570$767$83

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 $6,856 every year, while hoping to spend $42,760 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: 62/33/5 Blend
64$11,200,000$11,200,000$11,200,000$11,200,000
65$12,349,472$11,755,872$11,582,272$13,105,124
66$13,563,622$12,286,413$11,924,782$14,140,299
67$14,900,182$12,841,518$12,277,333$15,263,985
68$16,371,593$13,422,345$12,640,215$16,489,248
69$17,991,562$14,030,107$13,013,730$17,825,891
70$19,775,196$14,666,077$13,398,185$19,284,689
71$21,739,139$15,331,587$13,793,896$20,877,492
72$23,901,729$16,028,033$14,201,190$22,617,332
73$26,283,178$16,756,879$14,620,402$24,518,540
74$28,905,754$17,519,658$15,051,878$26,596,881
75$31,793,996$18,317,976$15,495,970$28,869,695
76$34,974,944$19,153,518$15,953,046$31,356,058
77$38,478,395$20,028,046$16,423,479$34,076,959
78$42,337,181$20,943,411$16,907,656$37,055,492
79$46,587,485$21,901,549$17,405,974$40,317,067
80$51,269,175$22,904,492$17,918,840$43,889,650
81$56,426,184$23,954,366$18,446,675$47,804,015
82$62,106,927$25,053,401$18,989,911$52,094,036
83$68,364,752$26,203,936$19,548,991$56,796,994
84$75,258,446$27,408,419$20,124,372$61,953,927
85$82,852,793$28,669,417$20,716,524$67,610,011
86$91,219,180$29,989,620$21,325,929$73,814,976
87$100,436,273$31,371,848$21,953,085$80,623,573
88$110,590,761$32,819,057$22,598,501$88,096,081
89$121,778,172$34,334,344$23,262,704$96,298,867
90$134,103,773$35,920,955$23,946,233$105,305,006
91$147,683,570$37,582,293$24,649,643$115,194,965
92$162,645,393$39,321,925$25,373,506$126,057,348
93$179,130,113$41,143,589$26,118,408$137,989,726
94$197,292,963$43,051,203$26,884,953$151,099,551
95$217,305,009$45,048,876$27,673,762$165,505,154
96$239,354,760$47,140,911$28,485,474$181,336,857
97$263,649,953$49,331,823$29,320,744$198,738,189
98$290,419,506$51,626,340$30,180,247$217,867,231
99$319,915,688$54,029,423$31,064,678$238,898,093
100$352,416,492$56,546,269$31,974,748$262,022,550