Can I retire at age 65 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$966,175$957,569$949,172$940,977$932,974$899,872
2 years$478,304$469,397$460,763$452,393$444,274$411,276
3 years$315,702$306,756$298,144$289,852$281,865$250,010
4 years$234,417$225,498$216,973$208,822$201,029$170,559
5 years$185,659$176,793$168,380$160,396$152,819$123,814
6 years$153,164$144,365$136,076$128,270$120,920$93,403
7 years$129,962$121,237$113,080$105,458$98,341$72,305
8 years$112,569$103,923$95,901$88,466$81,583$57,007
9 years$99,048$90,484$82,599$75,353$68,705$45,556
10 years$88,237$79,757$72,012$64,955$58,540$36,780
11 years$79,398$71,003$63,398$56,530$50,346$29,930
12 years$72,038$63,728$56,264$49,585$43,629$24,507
13 years$65,814$57,592$50,268$43,776$38,045$20,167
14 years$60,484$52,349$45,166$38,859$33,350$16,661
15 years$55,870$47,822$40,779$34,656$29,364$13,809
16 years$51,835$43,876$36,972$31,030$25,952$11,476
17 years$48,280$40,408$33,643$27,881$23,011$9,557
18 years$45,122$37,339$30,712$25,126$20,460$7,973
19 years$42,301$34,605$28,115$22,704$18,237$6,662
20 years$39,765$32,157$25,803$20,562$16,289$5,573
21 years$37,473$29,953$23,734$18,662$14,577$4,667
22 years$35,392$27,960$21,874$16,968$13,066$3,911
23 years$33,495$26,150$20,197$15,453$11,729$3,280
24 years$31,759$24,501$18,679$14,094$10,542$2,753
25 years$30,164$22,993$17,300$12,871$9,487$2,311
26 years$28,695$21,610$16,045$11,769$8,545$1,941
27 years$27,336$20,337$14,899$10,772$7,704$1,631
28 years$26,077$19,164$13,851$9,870$6,952$1,371
29 years$24,906$18,079$12,889$9,051$6,277$1,152
30 years$23,816$17,074$12,006$8,306$5,672$969
31 years$22,798$16,140$11,193$7,629$5,128$815
32 years$21,846$15,272$10,443$7,011$4,638$685
33 years$20,953$14,463$9,751$6,447$4,198$577
34 years$20,114$13,707$9,111$5,932$3,801$485
35 years$19,326$13,001$8,518$5,461$3,442$408
36 years$18,582$12,340$7,968$5,029$3,119$343
37 years$17,881$11,720$7,458$4,634$2,827$289
38 years$17,218$11,138$6,984$4,271$2,563$243
39 years$16,590$10,592$6,543$3,938$2,324$205
40 years$15,996$10,077$6,133$3,632$2,108$172
41 years$15,432$9,592$5,751$3,351$1,912$145
42 years$14,896$9,135$5,395$3,093$1,735$122
43 years$14,386$8,704$5,062$2,855$1,575$103
44 years$13,901$8,297$4,752$2,636$1,430$86
45 years$13,439$7,912$4,462$2,435$1,298$73
46 years$12,998$7,548$4,190$2,249$1,178$61
47 years$12,578$7,203$3,937$2,078$1,070$52
48 years$12,176$6,876$3,700$1,920$972$43
49 years$11,791$6,566$3,477$1,774$883$37
50 years$11,423$6,272$3,269$1,640$802$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,700,000, adding $4,196 every year, while hoping to spend $23,624 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: 58/31/11 Blend
64$11,700,000$11,700,000$11,700,000$11,700,000
65$12,897,728$12,277,628$12,096,278$13,611,101
66$14,188,161$12,854,096$12,476,368$14,668,866
67$15,609,426$13,458,019$12,868,399$15,818,301
68$17,174,843$14,090,718$13,272,746$17,070,632
69$18,899,090$14,753,577$13,689,796$18,435,735
70$20,798,341$15,448,046$14,119,948$19,924,465
71$22,890,420$16,175,648$14,563,615$21,548,755
72$25,194,967$16,937,979$15,021,219$23,321,726
73$27,733,623$17,736,709$15,493,200$25,257,804
74$30,530,238$18,573,594$15,980,008$27,372,855
75$33,611,094$19,450,471$16,482,109$29,684,327
76$37,005,150$20,369,269$16,999,984$32,211,412
77$40,744,320$21,332,008$17,534,129$34,975,221
78$44,863,772$22,340,807$18,085,053$37,998,980
79$49,402,259$23,397,889$18,653,285$41,308,241
80$54,402,486$24,505,583$19,239,367$44,931,119
81$59,911,515$25,666,332$19,843,861$48,898,551
82$65,981,204$26,882,696$20,467,345$53,244,582
83$72,668,700$28,157,362$21,110,414$58,006,680
84$80,036,980$29,493,145$21,773,686$63,226,081
85$88,155,441$30,892,998$22,457,793$68,948,176
86$97,100,557$32,360,016$23,163,390$75,222,923
87$106,956,603$33,897,446$23,891,153$82,105,321
88$117,816,447$35,508,691$24,641,777$89,655,912
89$129,782,428$37,197,321$25,415,980$97,941,352
90$142,967,324$38,967,078$26,214,504$107,035,024
91$157,495,413$40,821,886$27,038,111$117,017,724
92$173,503,647$42,765,860$27,887,590$127,978,415
93$191,142,948$44,803,316$28,763,753$140,015,056
94$210,579,628$46,938,778$29,667,438$153,235,513
95$231,996,962$49,176,991$30,599,510$167,758,571
96$255,596,919$51,522,930$31,560,860$183,715,038
97$281,602,063$53,981,812$32,552,407$201,248,971
98$310,257,662$56,559,109$33,575,101$220,519,021
99$341,833,995$59,260,557$34,629,918$241,699,917
100$376,628,911$62,092,173$35,717,869$264,984,105