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

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$966,175$957,569$949,172$940,977$932,974$903,109
2 years$478,304$469,397$460,763$452,393$444,274$414,460
3 years$315,702$306,756$298,144$289,852$281,865$253,040
4 years$234,417$225,498$216,973$208,822$201,029$173,411
5 years$185,659$176,793$168,380$160,396$152,819$126,484
6 years$153,164$144,365$136,076$128,270$120,920$95,890
7 years$129,962$121,237$113,080$105,458$98,341$74,612
8 years$112,569$103,923$95,901$88,466$81,583$59,140
9 years$99,048$90,484$82,599$75,353$68,705$47,522
10 years$88,237$79,757$72,012$64,955$58,540$38,585
11 years$79,398$71,003$63,398$56,530$50,346$31,582
12 years$72,038$63,728$56,264$49,585$43,629$26,016
13 years$65,814$57,592$50,268$43,776$38,045$21,540
14 years$60,484$52,349$45,166$38,859$33,350$17,907
15 years$55,870$47,822$40,779$34,656$29,364$14,937
16 years$51,835$43,876$36,972$31,030$25,952$12,494
17 years$48,280$40,408$33,643$27,881$23,011$10,474
18 years$45,122$37,339$30,712$25,126$20,460$8,797
19 years$42,301$34,605$28,115$22,704$18,237$7,401
20 years$39,765$32,157$25,803$20,562$16,289$6,234
21 years$37,473$29,953$23,734$18,662$14,577$5,257
22 years$35,392$27,960$21,874$16,968$13,066$4,437
23 years$33,495$26,150$20,197$15,453$11,729$3,747
24 years$31,759$24,501$18,679$14,094$10,542$3,167
25 years$30,164$22,993$17,300$12,871$9,487$2,678
26 years$28,695$21,610$16,045$11,769$8,545$2,266
27 years$27,336$20,337$14,899$10,772$7,704$1,918
28 years$26,077$19,164$13,851$9,870$6,952$1,624
29 years$24,906$18,079$12,889$9,051$6,277$1,375
30 years$23,816$17,074$12,006$8,306$5,672$1,165
31 years$22,798$16,140$11,193$7,629$5,128$987
32 years$21,846$15,272$10,443$7,011$4,638$836
33 years$20,953$14,463$9,751$6,447$4,198$709
34 years$20,114$13,707$9,111$5,932$3,801$601
35 years$19,326$13,001$8,518$5,461$3,442$509
36 years$18,582$12,340$7,968$5,029$3,119$432
37 years$17,881$11,720$7,458$4,634$2,827$366
38 years$17,218$11,138$6,984$4,271$2,563$310
39 years$16,590$10,592$6,543$3,938$2,324$263
40 years$15,996$10,077$6,133$3,632$2,108$223
41 years$15,432$9,592$5,751$3,351$1,912$189
42 years$14,896$9,135$5,395$3,093$1,735$160
43 years$14,386$8,704$5,062$2,855$1,575$136
44 years$13,901$8,297$4,752$2,636$1,430$115
45 years$13,439$7,912$4,462$2,435$1,298$98
46 years$12,998$7,548$4,190$2,249$1,178$83
47 years$12,578$7,203$3,937$2,078$1,070$70
48 years$12,176$6,876$3,700$1,920$972$60
49 years$11,791$6,566$3,477$1,774$883$51
50 years$11,423$6,272$3,269$1,640$802$43

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 $2,333 every year, while hoping to spend $21,018 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: 43/46/11 Blend
64$11,700,000$11,700,000$11,700,000$11,700,000
65$12,895,806$12,275,706$12,094,356$13,409,105
66$14,188,816$12,854,853$12,477,154$14,346,526
67$15,613,008$13,461,673$12,872,072$15,359,154
68$17,181,740$14,097,501$13,279,492$16,455,694
69$18,909,734$14,763,735$13,699,811$17,643,843
70$20,813,210$15,461,842$14,133,438$18,932,039
71$22,910,044$16,193,358$14,580,795$20,329,544
72$25,219,931$16,959,896$15,042,314$21,846,518
73$27,764,579$17,763,145$15,518,447$23,494,114
74$30,567,906$18,604,879$16,009,654$25,284,572
75$33,656,269$19,486,955$16,516,414$27,231,335
76$37,058,714$20,411,321$17,039,220$29,349,162
77$40,807,247$21,380,021$17,578,578$31,654,263
78$44,937,141$22,395,196$18,135,015$34,164,444
79$49,487,261$23,459,092$18,709,070$36,899,270
80$54,500,439$24,574,065$19,301,301$39,880,236
81$60,023,875$25,742,585$19,912,285$43,130,964
82$66,109,578$26,967,240$20,542,615$46,677,418
83$72,814,867$28,250,747$21,192,904$50,548,139
84$80,202,901$29,595,951$21,863,785$54,774,501
85$88,343,284$31,005,840$22,555,909$59,391,000
86$97,312,716$32,483,543$23,269,949$64,435,571
87$107,195,721$34,032,344$24,006,599$69,949,928
88$118,085,440$35,655,685$24,766,576$75,979,950
89$130,084,518$37,357,176$25,550,619$82,576,102
90$143,306,063$39,140,602$26,359,490$89,793,895
91$157,874,724$41,009,934$27,193,975$97,694,400
92$173,927,858$42,969,333$28,054,885$106,344,807
93$191,616,834$45,023,165$28,943,059$115,819,044
94$211,108,459$47,176,007$29,859,358$126,198,461
95$232,586,550$49,432,660$30,804,675$137,572,581
96$256,253,675$51,798,158$31,779,929$150,039,925
97$282,333,061$54,277,778$32,786,067$163,708,926
98$311,070,701$56,877,058$33,824,069$178,698,935
99$342,737,681$59,601,801$34,894,943$195,141,324
100$377,632,732$62,458,097$35,999,731$213,180,705