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%13.5%
1 years$933,143$924,831$916,722$908,807$901,078$887,979
2 years$461,952$453,349$445,011$436,926$429,085$415,915
3 years$304,909$296,268$287,951$279,943$272,229$259,398
4 years$226,403$217,789$209,555$201,683$194,156$181,763
5 years$179,311$170,749$162,623$154,912$147,594$135,675
6 years$147,927$139,429$131,424$123,884$116,786$105,355
7 years$125,519$117,093$109,214$101,852$94,979$84,039
8 years$108,720$100,370$92,622$85,441$78,794$68,344
9 years$95,662$87,390$79,775$72,777$66,356$56,391
10 years$85,221$77,030$69,550$62,734$56,538$47,051
11 years$76,684$68,575$61,231$54,598$48,625$39,606
12 years$69,575$61,550$54,341$47,890$42,137$33,576
13 years$63,564$55,623$48,550$42,279$36,745$28,628
14 years$58,417$50,560$43,622$37,531$32,210$24,527
15 years$53,959$46,187$39,385$33,471$28,360$21,096
16 years$50,063$42,376$35,708$29,970$25,065$18,206
17 years$46,629$39,027$32,493$26,927$22,224$15,756
18 years$43,580$36,062$29,662$24,267$19,761$13,668
19 years$40,855$33,422$27,154$21,927$17,613$11,881
20 years$38,405$31,057$24,921$19,859$15,732$10,346
21 years$36,192$28,929$22,922$18,024$14,079$9,023
22 years$34,182$27,004$21,126$16,388$12,620$7,879
23 years$32,350$25,256$19,506$14,925$11,328$6,888
24 years$30,673$23,664$18,040$13,612$10,182$6,028
25 years$29,133$22,207$16,709$12,431$9,162$5,279
26 years$27,714$20,871$15,497$11,367$8,253$4,627
27 years$26,402$19,642$14,390$10,404$7,441$4,058
28 years$25,185$18,509$13,377$9,532$6,714$3,561
29 years$24,055$17,461$12,449$8,741$6,063$3,126
30 years$23,002$16,490$11,596$8,022$5,478$2,746
31 years$22,019$15,588$10,810$7,368$4,953$2,413
32 years$21,099$14,750$10,086$6,771$4,480$2,121
33 years$20,237$13,968$9,417$6,227$4,054$1,865
34 years$19,427$13,239$8,799$5,729$3,671$1,640
35 years$18,665$12,557$8,227$5,274$3,325$1,442
36 years$17,947$11,918$7,696$4,857$3,012$1,269
37 years$17,269$11,320$7,203$4,475$2,730$1,117
38 years$16,629$10,758$6,745$4,125$2,475$983
39 years$16,023$10,229$6,320$3,803$2,245$865
40 years$15,449$9,732$5,923$3,508$2,036$761
41 years$14,904$9,264$5,554$3,237$1,847$670
42 years$14,387$8,823$5,210$2,987$1,676$590
43 years$13,894$8,407$4,889$2,757$1,521$520
44 years$13,426$8,013$4,589$2,546$1,381$458
45 years$12,980$7,641$4,309$2,351$1,253$403
46 years$12,554$7,290$4,047$2,172$1,138$355
47 years$12,148$6,956$3,802$2,007$1,033$313
48 years$11,759$6,641$3,573$1,854$938$275
49 years$11,388$6,342$3,358$1,714$852$243
50 years$11,033$6,058$3,157$1,584$774$214

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 $6,705 every year, while hoping to spend $57,377 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: 20/50/30 Blend
64$11,300,000$11,300,000$11,300,000$11,300,000
65$12,459,516$11,860,616$11,685,466$12,589,669
66$13,669,338$12,380,738$12,015,881$13,235,297
67$15,000,639$12,924,422$12,355,441$13,919,265
68$16,465,749$13,492,764$12,704,393$14,648,572
69$18,078,254$14,086,908$13,062,989$15,426,891
70$19,853,124$14,708,054$13,431,487$16,258,233
71$21,806,853$15,357,460$13,810,153$17,146,973
72$23,957,618$16,036,441$14,199,258$18,097,893
73$26,325,444$16,746,375$14,599,082$19,116,215
74$28,932,399$17,488,707$15,009,911$20,207,650
75$31,802,799$18,264,949$15,432,039$21,378,441
76$34,963,437$19,076,685$15,865,765$22,635,418
77$38,443,839$19,925,573$16,311,399$23,986,053
78$42,276,536$20,813,352$16,769,256$25,438,527
79$46,497,378$21,741,842$17,239,662$27,001,796
80$51,145,869$22,712,950$17,722,949$28,685,671
81$56,265,536$23,728,674$18,219,457$30,500,898
82$61,904,348$24,791,106$18,729,535$32,459,256
83$68,115,160$25,902,438$19,253,543$34,573,655
84$74,956,217$27,064,968$19,791,847$36,858,251
85$82,491,700$28,281,101$20,344,824$39,328,568
86$90,792,337$29,553,358$20,912,858$42,001,637
87$99,936,062$30,884,380$21,496,346$44,896,142
88$110,008,759$32,276,933$22,095,693$48,032,588
89$121,105,067$33,733,917$22,711,312$51,433,485
90$133,329,274$35,258,369$23,343,631$55,123,541
91$146,796,301$36,853,470$23,993,084$59,129,890
92$161,632,790$38,522,556$24,660,119$63,482,331
93$177,978,293$40,269,121$25,345,192$68,213,597
94$195,986,595$42,096,824$26,048,772$73,359,646
95$215,827,162$44,009,501$26,771,339$78,959,990
96$237,686,738$46,011,173$27,513,385$85,058,049
97$261,771,116$48,106,051$28,275,414$91,701,544
98$288,307,070$50,298,548$29,057,941$98,942,932
99$317,544,504$52,593,290$29,861,495$106,839,881
100$349,758,805$54,995,122$30,686,616$115,455,797