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%13.3%
1 years$966,175$957,569$949,172$940,977$932,974$920,172
2 years$478,304$469,397$460,763$452,393$444,274$431,398
3 years$315,702$306,756$298,144$289,852$281,865$269,317
4 years$234,417$225,498$216,973$208,822$201,029$188,904
5 years$185,659$176,793$168,380$160,396$152,819$141,153
6 years$153,164$144,365$136,076$128,270$120,920$109,727
7 years$129,962$121,237$113,080$105,458$98,341$87,624
8 years$112,569$103,923$95,901$88,466$81,583$71,342
9 years$99,048$90,484$82,599$75,353$68,705$58,935
10 years$88,237$79,757$72,012$64,955$58,540$49,233
11 years$79,398$71,003$63,398$56,530$50,346$41,494
12 years$72,038$63,728$56,264$49,585$43,629$35,222
13 years$65,814$57,592$50,268$43,776$38,045$30,071
14 years$60,484$52,349$45,166$38,859$33,350$25,797
15 years$55,870$47,822$40,779$34,656$29,364$22,219
16 years$51,835$43,876$36,972$31,030$25,952$19,202
17 years$48,280$40,408$33,643$27,881$23,011$16,641
18 years$45,122$37,339$30,712$25,126$20,460$14,457
19 years$42,301$34,605$28,115$22,704$18,237$12,585
20 years$39,765$32,157$25,803$20,562$16,289$10,975
21 years$37,473$29,953$23,734$18,662$14,577$9,586
22 years$35,392$27,960$21,874$16,968$13,066$8,384
23 years$33,495$26,150$20,197$15,453$11,729$7,341
24 years$31,759$24,501$18,679$14,094$10,542$6,434
25 years$30,164$22,993$17,300$12,871$9,487$5,644
26 years$28,695$21,610$16,045$11,769$8,545$4,954
27 years$27,336$20,337$14,899$10,772$7,704$4,352
28 years$26,077$19,164$13,851$9,870$6,952$3,825
29 years$24,906$18,079$12,889$9,051$6,277$3,364
30 years$23,816$17,074$12,006$8,306$5,672$2,959
31 years$22,798$16,140$11,193$7,629$5,128$2,605
32 years$21,846$15,272$10,443$7,011$4,638$2,293
33 years$20,953$14,463$9,751$6,447$4,198$2,019
34 years$20,114$13,707$9,111$5,932$3,801$1,779
35 years$19,326$13,001$8,518$5,461$3,442$1,567
36 years$18,582$12,340$7,968$5,029$3,119$1,381
37 years$17,881$11,720$7,458$4,634$2,827$1,218
38 years$17,218$11,138$6,984$4,271$2,563$1,073
39 years$16,590$10,592$6,543$3,938$2,324$946
40 years$15,996$10,077$6,133$3,632$2,108$835
41 years$15,432$9,592$5,751$3,351$1,912$736
42 years$14,896$9,135$5,395$3,093$1,735$649
43 years$14,386$8,704$5,062$2,855$1,575$573
44 years$13,901$8,297$4,752$2,636$1,430$505
45 years$13,439$7,912$4,462$2,435$1,298$446
46 years$12,998$7,548$4,190$2,249$1,178$393
47 years$12,578$7,203$3,937$2,078$1,070$347
48 years$12,176$6,876$3,700$1,920$972$306
49 years$11,791$6,566$3,477$1,774$883$270
50 years$11,423$6,272$3,269$1,640$802$238

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 $4,628 every year, while hoping to spend $40,984 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: 38/32/30 Blend
64$11,700,000$11,700,000$11,700,000$11,700,000
65$12,898,174$12,278,074$12,096,724$13,273,024
66$14,170,181$12,836,093$12,458,357$14,108,250
67$15,570,559$13,420,081$12,830,732$15,006,249
68$17,112,359$14,031,268$13,214,164$15,976,031
69$18,809,961$14,670,941$13,608,980$17,024,152
70$20,679,211$15,340,451$14,015,515$18,157,803
71$22,737,569$16,041,212$14,434,113$19,384,879
72$25,004,276$16,774,706$14,865,131$20,714,045
73$27,500,532$17,542,487$15,308,933$22,154,814
74$30,249,700$18,346,182$15,765,896$23,717,631
75$33,277,522$19,187,498$16,236,406$25,413,970
76$36,612,367$20,068,223$16,720,863$27,256,434
77$40,285,492$20,990,230$17,219,676$29,258,869
78$44,331,345$21,955,484$17,733,268$31,436,490
79$48,787,881$22,966,041$18,262,071$33,806,018
80$53,696,928$24,024,061$18,806,534$36,385,830
81$59,104,578$25,131,803$19,367,116$39,196,129
82$65,061,620$26,291,637$19,944,290$42,259,127
83$71,624,025$27,506,047$20,538,543$45,599,246
84$78,853,468$28,777,635$21,150,377$49,243,344
85$86,817,914$30,109,131$21,780,306$53,220,956
86$95,592,256$31,503,394$22,428,862$57,564,570
87$105,259,028$32,963,422$23,096,590$62,309,923
88$115,909,175$34,492,356$23,784,053$67,496,330
89$127,642,921$36,093,491$24,491,828$73,167,043
90$140,570,704$37,770,278$25,220,510$79,369,654
91$154,814,231$39,526,336$25,970,711$86,156,533
92$170,507,614$41,365,458$26,743,062$93,585,311
93$187,798,646$43,291,621$27,538,210$101,719,411
94$206,850,190$45,308,992$28,356,822$110,628,642
95$227,841,718$47,421,941$29,199,584$120,389,839
96$250,971,005$49,635,048$30,067,202$131,087,578
97$276,455,996$51,953,115$30,960,402$142,814,962
98$304,536,864$54,381,174$31,879,932$155,674,490
99$335,478,275$56,924,502$32,826,560$169,779,000
100$369,571,888$59,588,631$33,801,078$185,252,732