Can I retire at age 65 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$933,143$924,831$916,722$908,807$901,078$896,527
2 years$461,952$453,349$445,011$436,926$429,085$424,492
3 years$304,909$296,268$287,951$279,943$272,229$267,736
4 years$226,403$217,789$209,555$201,683$194,156$189,798
5 years$179,311$170,749$162,623$154,912$147,594$143,384
6 years$147,927$139,429$131,424$123,884$116,786$112,729
7 years$125,519$117,093$109,214$101,852$94,979$91,077
8 years$108,720$100,370$92,622$85,441$78,794$75,047
9 years$95,662$87,390$79,775$72,777$66,356$62,764
10 years$85,221$77,030$69,550$62,734$56,538$53,099
11 years$76,684$68,575$61,231$54,598$48,625$45,337
12 years$69,575$61,550$54,341$47,890$42,137$38,997
13 years$63,564$55,623$48,550$42,279$36,745$33,749
14 years$58,417$50,560$43,622$37,531$32,210$29,356
15 years$53,959$46,187$39,385$33,471$28,360$25,644
16 years$50,063$42,376$35,708$29,970$25,065$22,483
17 years$46,629$39,027$32,493$26,927$22,224$19,773
18 years$43,580$36,062$29,662$24,267$19,761$17,435
19 years$40,855$33,422$27,154$21,927$17,613$15,410
20 years$38,405$31,057$24,921$19,859$15,732$13,647
21 years$36,192$28,929$22,922$18,024$14,079$12,107
22 years$34,182$27,004$21,126$16,388$12,620$10,757
23 years$32,350$25,256$19,506$14,925$11,328$9,570
24 years$30,673$23,664$18,040$13,612$10,182$8,524
25 years$29,133$22,207$16,709$12,431$9,162$7,601
26 years$27,714$20,871$15,497$11,367$8,253$6,783
27 years$26,402$19,642$14,390$10,404$7,441$6,059
28 years$25,185$18,509$13,377$9,532$6,714$5,416
29 years$24,055$17,461$12,449$8,741$6,063$4,844
30 years$23,002$16,490$11,596$8,022$5,478$4,335
31 years$22,019$15,588$10,810$7,368$4,953$3,882
32 years$21,099$14,750$10,086$6,771$4,480$3,477
33 years$20,237$13,968$9,417$6,227$4,054$3,116
34 years$19,427$13,239$8,799$5,729$3,671$2,793
35 years$18,665$12,557$8,227$5,274$3,325$2,505
36 years$17,947$11,918$7,696$4,857$3,012$2,247
37 years$17,269$11,320$7,203$4,475$2,730$2,016
38 years$16,629$10,758$6,745$4,125$2,475$1,809
39 years$16,023$10,229$6,320$3,803$2,245$1,624
40 years$15,449$9,732$5,923$3,508$2,036$1,458
41 years$14,904$9,264$5,554$3,237$1,847$1,310
42 years$14,387$8,823$5,210$2,987$1,676$1,176
43 years$13,894$8,407$4,889$2,757$1,521$1,056
44 years$13,426$8,013$4,589$2,546$1,381$949
45 years$12,980$7,641$4,309$2,351$1,253$853
46 years$12,554$7,290$4,047$2,172$1,138$766
47 years$12,148$6,956$3,802$2,007$1,033$688
48 years$11,759$6,641$3,573$1,854$938$619
49 years$11,388$6,342$3,358$1,714$852$556
50 years$11,033$6,058$3,157$1,584$774$500

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,300,000, adding $2,695 every year, while hoping to spend $23,227 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: 81/10/9 Blend
64$11,300,000$11,300,000$11,300,000$11,300,000
65$12,455,380$11,856,480$11,681,330$13,447,953
66$13,701,115$12,412,734$12,047,941$14,654,862
67$15,073,137$12,995,466$12,426,055$15,975,926
68$16,584,302$13,605,949$12,816,033$17,425,208
69$18,248,778$14,245,518$13,218,247$19,015,530
70$20,082,176$14,915,571$13,633,081$20,761,009
71$22,101,699$15,617,575$14,060,931$22,677,193
72$24,326,305$16,353,068$14,502,204$24,781,201
73$26,776,882$17,123,663$14,957,322$27,091,888
74$29,476,452$17,931,050$15,426,720$29,630,021
75$32,450,379$18,777,001$15,910,845$32,418,470
76$35,726,618$19,663,374$16,410,158$35,482,424
77$39,335,972$20,592,118$16,925,138$38,849,628
78$43,312,386$21,565,276$17,456,274$42,550,641
79$47,693,263$22,584,989$18,004,073$46,619,124
80$52,519,826$23,653,503$18,569,059$51,092,154
81$57,837,496$24,773,173$19,151,770$56,010,576
82$63,696,328$25,946,466$19,752,763$61,419,379
83$70,151,483$27,175,972$20,372,610$67,368,126
84$77,263,745$28,464,406$21,011,903$73,911,413
85$85,100,097$29,814,612$21,671,252$81,109,386
86$93,734,354$31,229,574$22,351,285$89,028,306
87$103,247,857$32,712,423$23,052,653$97,741,169
88$113,730,245$34,266,437$23,776,023$107,328,394
89$125,280,296$35,895,059$24,522,085$117,878,577
90$138,006,863$37,601,894$25,291,552$129,489,328
91$152,029,902$39,390,725$26,085,158$142,268,187
92$167,481,600$41,265,519$26,903,659$156,333,634
93$184,507,628$43,230,434$27,747,836$171,816,205
94$203,268,512$45,289,831$28,618,495$188,859,723
95$223,941,151$47,448,284$29,516,465$207,622,649
96$246,720,486$49,710,588$30,442,604$228,279,573
97$271,821,339$52,081,770$31,397,795$251,022,859
98$299,480,443$54,567,104$32,382,949$276,064,458
99$329,958,675$57,172,119$33,399,005$303,637,903
100$363,543,521$59,902,614$34,446,932$334,000,506