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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$957,917$949,385$941,060$932,934$925,000$888,300
2 years$474,216$465,385$456,825$448,526$440,476$403,956
3 years$313,004$304,134$295,596$287,375$279,456$244,266
4 years$232,413$223,571$215,118$207,038$199,311$165,719
5 years$184,072$175,282$166,941$159,025$151,513$119,604
6 years$151,855$143,131$134,913$127,173$119,887$89,682
7 years$128,851$120,201$112,113$104,556$97,500$68,989
8 years$111,607$103,035$95,081$87,710$80,886$54,038
9 years$98,201$89,710$81,893$74,709$68,118$42,893
10 years$87,483$79,075$71,396$64,400$58,040$34,389
11 years$78,720$70,396$62,856$56,047$49,916$27,784
12 years$71,422$63,184$55,783$49,161$43,256$22,584
13 years$65,252$57,100$49,839$43,402$37,720$18,444
14 years$59,968$51,902$44,780$38,527$33,065$15,121
15 years$55,392$47,413$40,431$34,360$29,113$12,435
16 years$51,392$43,501$36,656$30,765$25,730$10,252
17 years$47,867$40,063$33,356$27,642$22,814$8,469
18 years$44,737$37,020$30,449$24,911$20,285$7,007
19 years$41,939$34,309$27,875$22,509$18,081$5,806
20 years$39,425$31,882$25,582$20,387$16,150$4,816
21 years$37,153$29,697$23,531$18,502$14,453$3,999
22 years$35,090$27,721$21,687$16,823$12,955$3,323
23 years$33,209$25,927$20,024$15,321$11,629$2,763
24 years$31,488$24,292$18,519$13,973$10,452$2,298
25 years$29,907$22,797$17,152$12,761$9,405$1,913
26 years$28,449$21,425$15,908$11,668$8,472$1,592
27 years$27,102$20,164$14,772$10,680$7,638$1,326
28 years$25,854$19,000$13,732$9,785$6,892$1,105
29 years$24,694$17,924$12,779$8,973$6,223$920
30 years$23,613$16,928$11,903$8,235$5,623$767
31 years$22,603$16,002$11,097$7,564$5,084$639
32 years$21,659$15,141$10,354$6,951$4,599$533
33 years$20,774$14,339$9,667$6,392$4,162$444
34 years$19,943$13,590$9,033$5,881$3,768$370
35 years$19,160$12,890$8,445$5,414$3,413$309
36 years$18,423$12,235$7,900$4,986$3,092$257
37 years$17,728$11,620$7,394$4,594$2,803$215
38 years$17,071$11,043$6,924$4,235$2,541$179
39 years$16,449$10,501$6,487$3,904$2,304$149
40 years$15,859$9,991$6,081$3,601$2,090$124
41 years$15,300$9,510$5,702$3,323$1,896$104
42 years$14,768$9,057$5,348$3,066$1,720$87
43 years$14,263$8,630$5,019$2,831$1,561$72
44 years$13,782$8,226$4,711$2,614$1,417$60
45 years$13,324$7,844$4,423$2,414$1,287$50
46 years$12,887$7,483$4,155$2,230$1,168$42
47 years$12,470$7,141$3,903$2,060$1,061$35
48 years$12,072$6,817$3,668$1,903$963$29
49 years$11,690$6,510$3,448$1,759$875$24
50 years$11,326$6,219$3,241$1,626$795$20

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 $3,424 every year, while hoping to spend $43,975 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: 58/25/17 Blend
64$11,600,000$11,600,000$11,600,000$11,600,000
65$12,786,732$12,171,932$11,992,132$13,471,542
66$14,044,189$12,721,567$12,347,079$14,485,643
67$15,428,434$13,296,661$12,712,443$15,585,521
68$16,952,351$13,898,415$13,088,527$16,783,551
69$18,630,139$14,528,086$13,475,641$18,089,193
70$20,477,445$15,186,993$13,874,106$19,512,848
71$22,511,507$15,876,518$14,284,252$21,065,956
72$24,751,322$16,598,109$14,706,415$22,761,098
73$27,217,823$17,353,282$15,140,947$24,612,113
74$29,934,075$18,143,628$15,588,203$26,634,223
75$32,925,497$18,970,812$16,048,554$28,844,176
76$36,220,096$19,836,579$16,522,378$31,260,398
77$39,848,733$20,742,760$17,010,066$33,903,163
78$43,845,419$21,691,270$17,512,018$36,794,782
79$48,247,628$22,684,118$18,028,647$39,959,806
80$53,096,657$23,723,411$18,560,377$43,425,258
81$58,438,011$24,811,353$19,107,645$47,220,879
82$64,321,837$25,950,258$19,670,900$51,379,405
83$70,803,392$27,142,549$20,250,603$55,936,871
84$77,943,569$28,390,764$20,847,229$60,932,948
85$85,809,467$29,697,566$21,461,266$66,411,307
86$94,475,031$31,065,745$22,093,216$72,420,029
87$104,021,742$32,498,224$22,743,596$79,012,052
88$114,539,390$33,998,068$23,412,938$86,245,664
89$126,126,923$35,568,488$24,101,786$94,185,045
90$138,893,376$37,212,851$24,810,702$102,900,871
91$152,958,904$38,934,685$25,540,265$112,470,965
92$168,455,917$40,737,688$26,291,068$122,981,032
93$185,530,323$42,625,738$27,063,722$134,525,457
94$204,342,914$44,602,897$27,858,855$147,208,186
95$225,070,877$46,673,425$28,677,112$161,143,701
96$247,909,469$48,841,785$29,519,158$176,458,090
97$273,073,860$51,112,658$30,385,675$193,290,230
98$300,801,165$53,490,950$31,277,366$211,793,084
99$331,352,678$55,981,801$32,194,953$232,135,137
100$365,016,345$58,590,602$33,139,177$254,501,976