Can I retire at age 65 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$941,401$933,016$924,835$916,849$909,052$890,334
2 years$466,040$457,361$448,949$440,793$432,882$414,109
3 years$307,607$298,890$290,500$282,420$274,638$256,396
4 years$228,406$219,716$211,409$203,468$195,874$178,303
5 years$180,898$172,260$164,062$156,283$148,900$132,050
6 years$149,236$140,663$132,587$124,981$117,820$101,709
7 years$126,630$118,129$110,180$102,754$95,819$80,451
8 years$109,682$101,258$93,442$86,197$79,491$64,861
9 years$96,508$88,163$80,481$73,421$66,943$53,041
10 years$85,975$77,712$70,165$63,290$57,039$43,851
11 years$77,362$69,182$61,772$55,081$49,055$36,565
12 years$70,191$62,094$54,821$48,313$42,510$30,699
13 years$64,127$56,115$48,979$42,653$37,070$25,918
14 years$58,934$51,007$44,008$37,863$32,495$21,981
15 years$54,437$46,596$39,733$33,767$28,611$18,712
16 years$50,506$42,751$36,024$30,235$25,287$15,979
17 years$47,042$39,372$32,781$27,166$22,421$13,682
18 years$43,965$36,381$29,924$24,482$19,936$11,740
19 years$41,216$33,718$27,394$22,121$17,769$10,093
20 years$38,745$31,332$25,141$20,035$15,872$8,691
21 years$36,512$29,185$23,125$18,183$14,203$7,494
22 years$34,485$27,243$21,313$16,533$12,731$6,469
23 years$32,637$25,480$19,679$15,057$11,428$5,590
24 years$30,945$23,873$18,200$13,733$10,272$4,834
25 years$29,391$22,404$16,857$12,541$9,243$4,184
26 years$27,959$21,056$15,634$11,467$8,326$3,623
27 years$26,635$19,816$14,517$10,496$7,507$3,140
28 years$25,408$18,672$13,496$9,617$6,773$2,722
29 years$24,268$17,615$12,559$8,819$6,116$2,361
30 years$23,205$16,636$11,698$8,093$5,526$2,048
31 years$22,214$15,726$10,906$7,433$4,996$1,777
32 years$21,286$14,880$10,175$6,831$4,520$1,543
33 years$20,416$14,092$9,501$6,282$4,090$1,340
34 years$19,599$13,356$8,877$5,780$3,703$1,163
35 years$18,830$12,668$8,299$5,321$3,354$1,010
36 years$18,106$12,024$7,764$4,900$3,039$878
37 years$17,422$11,420$7,267$4,515$2,754$763
38 years$16,776$10,853$6,805$4,162$2,497$663
39 years$16,165$10,320$6,376$3,837$2,264$576
40 years$15,586$9,819$5,976$3,539$2,054$500
41 years$15,036$9,346$5,603$3,265$1,863$435
42 years$14,514$8,901$5,256$3,014$1,691$378
43 years$14,017$8,481$4,932$2,782$1,535$329
44 years$13,545$8,084$4,630$2,569$1,393$286
45 years$13,095$7,709$4,347$2,372$1,264$248
46 years$12,665$7,354$4,083$2,191$1,148$216
47 years$12,255$7,018$3,836$2,024$1,043$188
48 years$11,863$6,700$3,605$1,871$947$163
49 years$11,489$6,398$3,388$1,729$860$142
50 years$11,130$6,111$3,185$1,598$781$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,400,000, adding $4,100 every year, while hoping to spend $25,234 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: 60/15/25 Blend
64$11,400,000$11,400,000$11,400,000$11,400,000
65$12,567,029$11,962,829$11,786,129$13,236,587
66$13,822,017$12,522,159$12,154,116$14,251,865
67$15,204,169$13,108,050$12,533,584$15,356,043
68$16,726,427$13,721,778$12,924,892$16,560,302
69$18,403,056$14,364,678$13,328,409$17,874,377
70$20,249,772$15,038,152$13,744,516$19,308,980
71$22,283,897$15,743,670$14,173,605$20,875,896
72$24,524,514$16,482,769$14,616,081$22,588,090
73$26,992,656$17,257,066$15,072,361$24,459,831
74$29,711,497$18,068,253$15,542,875$26,506,819
75$32,706,577$18,918,104$16,028,068$28,746,335
76$36,006,036$19,808,480$16,528,397$31,197,396
77$39,640,887$20,741,331$17,044,334$33,880,938
78$43,645,303$21,718,701$17,576,365$36,820,002
79$48,056,943$22,742,736$18,124,991$40,039,956
80$52,917,304$23,815,684$18,690,732$43,568,725
81$58,272,116$24,939,899$19,274,118$47,437,056
82$64,171,773$26,117,855$19,875,702$51,678,798
83$70,671,805$27,352,141$20,496,050$56,331,223
84$77,833,408$28,645,475$21,135,746$61,435,373
85$85,724,016$30,000,704$21,795,394$67,036,438
86$94,417,942$31,420,814$22,475,616$73,184,186
87$103,997,075$32,908,938$23,177,052$79,933,420
88$114,551,658$34,468,357$23,900,365$87,344,495
89$126,181,136$36,102,514$24,646,235$95,483,883
90$138,995,093$37,815,020$25,415,366$104,424,792
91$153,114,295$39,609,657$26,208,483$114,247,853
92$168,671,818$41,490,396$27,026,332$125,041,874
93$185,814,315$43,461,397$27,869,685$136,904,677
94$204,703,392$45,527,022$28,739,337$149,944,008
95$225,517,140$47,691,848$29,636,107$164,278,551
96$248,451,811$49,960,672$30,560,839$180,039,043
97$273,723,674$52,338,523$31,514,405$197,369,496
98$301,571,055$54,830,677$32,497,704$216,428,555
99$332,256,588$57,442,665$33,511,662$237,390,982
100$366,069,691$60,180,287$34,557,234$260,449,302