Can I retire at age 65 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$957,917$949,385$941,060$932,934$925,000$895,390
2 years$474,216$465,385$456,825$448,526$440,476$410,918
3 years$313,004$304,134$295,596$287,375$279,456$250,877
4 years$232,413$223,571$215,118$207,038$199,311$171,929
5 years$184,072$175,282$166,941$159,025$151,513$125,403
6 years$151,855$143,131$134,913$127,173$119,887$95,070
7 years$128,851$120,201$112,113$104,556$97,500$73,974
8 years$111,607$103,035$95,081$87,710$80,886$58,635
9 years$98,201$89,710$81,893$74,709$68,118$47,116
10 years$87,483$79,075$71,396$64,400$58,040$38,255
11 years$78,720$70,396$62,856$56,047$49,916$31,312
12 years$71,422$63,184$55,783$49,161$43,256$25,793
13 years$65,252$57,100$49,839$43,402$37,720$21,355
14 years$59,968$51,902$44,780$38,527$33,065$17,754
15 years$55,392$47,413$40,431$34,360$29,113$14,809
16 years$51,392$43,501$36,656$30,765$25,730$12,387
17 years$47,867$40,063$33,356$27,642$22,814$10,385
18 years$44,737$37,020$30,449$24,911$20,285$8,722
19 years$41,939$34,309$27,875$22,509$18,081$7,337
20 years$39,425$31,882$25,582$20,387$16,150$6,180
21 years$37,153$29,697$23,531$18,502$14,453$5,212
22 years$35,090$27,721$21,687$16,823$12,955$4,399
23 years$33,209$25,927$20,024$15,321$11,629$3,715
24 years$31,488$24,292$18,519$13,973$10,452$3,140
25 years$29,907$22,797$17,152$12,761$9,405$2,656
26 years$28,449$21,425$15,908$11,668$8,472$2,247
27 years$27,102$20,164$14,772$10,680$7,638$1,902
28 years$25,854$19,000$13,732$9,785$6,892$1,610
29 years$24,694$17,924$12,779$8,973$6,223$1,363
30 years$23,613$16,928$11,903$8,235$5,623$1,155
31 years$22,603$16,002$11,097$7,564$5,084$979
32 years$21,659$15,141$10,354$6,951$4,599$829
33 years$20,774$14,339$9,667$6,392$4,162$703
34 years$19,943$13,590$9,033$5,881$3,768$596
35 years$19,160$12,890$8,445$5,414$3,413$505
36 years$18,423$12,235$7,900$4,986$3,092$428
37 years$17,728$11,620$7,394$4,594$2,803$363
38 years$17,071$11,043$6,924$4,235$2,541$308
39 years$16,449$10,501$6,487$3,904$2,304$261
40 years$15,859$9,991$6,081$3,601$2,090$221
41 years$15,300$9,510$5,702$3,323$1,896$188
42 years$14,768$9,057$5,348$3,066$1,720$159
43 years$14,263$8,630$5,019$2,831$1,561$135
44 years$13,782$8,226$4,711$2,614$1,417$114
45 years$13,324$7,844$4,423$2,414$1,287$97
46 years$12,887$7,483$4,155$2,230$1,168$82
47 years$12,470$7,141$3,903$2,060$1,061$70
48 years$12,072$6,817$3,668$1,903$963$59
49 years$11,690$6,510$3,448$1,759$875$50
50 years$11,326$6,219$3,241$1,626$795$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,600,000, adding $6,639 every year, while hoping to spend $42,102 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: 34/42/24 Blend
64$11,600,000$11,600,000$11,600,000$11,600,000
65$12,790,048$12,175,248$11,995,448$13,131,264
66$14,049,837$12,727,039$12,352,499$13,938,221
67$15,436,713$13,304,457$12,720,101$14,803,524
68$16,963,595$13,908,712$13,098,561$15,735,804
69$18,644,717$14,541,075$13,488,199$16,741,034
70$20,495,766$15,202,875$13,889,341$17,825,758
71$22,534,023$15,895,505$14,302,323$18,997,149
72$24,778,536$16,620,427$14,727,493$20,263,072
73$27,250,289$17,379,170$15,165,206$21,632,154
74$29,972,407$18,173,339$15,615,830$23,113,855
75$32,970,373$19,004,613$16,079,741$24,718,559
76$36,272,266$19,874,754$16,557,327$26,457,658
77$39,909,028$20,785,608$17,048,989$28,343,657
78$43,914,755$21,739,109$17,555,136$30,390,287
79$48,327,019$22,737,284$18,076,192$32,612,623
80$53,187,222$23,782,258$18,612,591$35,027,220
81$58,540,988$24,876,257$19,164,782$37,652,267
82$64,438,591$26,021,616$19,733,224$40,507,741
83$70,935,431$27,220,779$20,318,391$43,615,596
84$78,092,558$28,476,311$20,920,771$46,999,956
85$85,977,247$29,790,897$21,540,864$50,687,336
86$94,663,629$31,167,355$22,179,187$54,706,880
87$104,233,400$32,608,635$22,836,269$59,090,630
88$114,776,580$34,117,832$23,512,658$63,873,813
89$126,392,372$35,698,187$24,208,913$69,095,167
90$139,190,096$37,353,100$24,925,614$74,797,292
91$153,290,218$39,086,134$25,663,353$81,027,043
92$168,825,487$40,901,022$26,422,743$87,835,954
93$185,942,194$42,801,679$27,204,412$95,280,719
94$204,801,545$44,792,208$28,009,007$103,423,706
95$225,581,187$46,876,911$28,837,193$112,333,536
96$248,476,884$49,060,295$29,689,655$122,085,716
97$273,704,364$51,347,088$30,567,096$132,763,330
98$301,501,356$53,742,242$31,470,241$144,457,814
99$332,129,835$56,250,952$32,399,835$157,269,797
100$365,878,492$58,878,663$33,356,643$171,310,036