Can I retire at age 65 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$974,433$965,753$957,285$949,019$940,949$908,648
2 years$482,393$473,408$464,701$456,259$448,071$415,857
3 years$318,401$309,378$300,693$292,330$284,274$253,160
4 years$236,421$227,425$218,827$210,607$202,747$172,969
5 years$187,245$178,304$169,819$161,766$154,125$125,763
6 years$154,473$145,599$137,239$129,366$121,954$95,030
7 years$131,073$122,274$114,046$106,359$99,181$73,690
8 years$113,531$104,811$96,720$89,222$82,280$58,203
9 years$99,894$91,257$83,305$75,997$69,292$46,597
10 years$88,992$80,438$72,627$65,510$59,040$37,692
11 years$80,077$71,610$63,940$57,014$50,777$30,731
12 years$72,653$64,273$56,745$50,009$44,002$25,214
13 years$66,377$58,084$50,698$44,150$38,370$20,791
14 years$61,001$52,797$45,552$39,192$33,635$17,213
15 years$56,347$48,231$41,128$34,952$29,615$14,297
16 years$52,278$44,251$37,288$31,296$26,174$11,907
17 years$48,692$40,753$33,931$28,119$23,208$9,938
18 years$45,508$37,658$30,974$25,341$20,635$8,310
19 years$42,662$34,901$28,356$22,898$18,393$6,959
20 years$40,104$32,432$26,023$20,738$16,429$5,835
21 years$37,793$30,209$23,936$18,821$14,702$4,897
22 years$35,695$28,199$22,061$17,113$13,178$4,114
23 years$33,782$26,374$20,370$15,585$11,829$3,459
24 years$32,031$24,711$18,838$14,214$10,633$2,909
25 years$30,422$23,190$17,448$12,981$9,568$2,448
26 years$28,940$21,795$16,182$11,870$8,618$2,062
27 years$27,570$20,511$15,027$10,864$7,770$1,736
28 years$26,300$19,328$13,969$9,954$7,011$1,463
29 years$25,119$18,233$13,000$9,128$6,331$1,233
30 years$24,020$17,219$12,109$8,377$5,720$1,039
31 years$22,993$16,278$11,289$7,694$5,172$876
32 years$22,033$15,402$10,532$7,071$4,678$739
33 years$21,132$14,586$9,834$6,502$4,234$623
34 years$20,286$13,825$9,188$5,983$3,833$525
35 years$19,491$13,112$8,591$5,507$3,472$443
36 years$18,741$12,446$8,036$5,072$3,146$374
37 years$18,034$11,820$7,522$4,673$2,851$315
38 years$17,365$11,234$7,044$4,308$2,585$266
39 years$16,732$10,682$6,599$3,972$2,344$224
40 years$16,132$10,163$6,186$3,663$2,126$189
41 years$15,564$9,674$5,800$3,380$1,929$160
42 years$15,023$9,213$5,441$3,119$1,750$135
43 years$14,509$8,779$5,105$2,879$1,588$114
44 years$14,020$8,368$4,792$2,659$1,442$96
45 years$13,554$7,979$4,500$2,455$1,309$81
46 years$13,109$7,612$4,226$2,268$1,188$68
47 years$12,685$7,264$3,971$2,095$1,079$58
48 years$12,280$6,935$3,731$1,936$980$49
49 years$11,892$6,622$3,507$1,789$890$41
50 years$11,521$6,326$3,297$1,654$808$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,800,000, adding $4,073 every year, while hoping to spend $32,635 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: 48/35/17 Blend
64$11,800,000$11,800,000$11,800,000$11,800,000
65$13,007,801$12,382,401$12,199,501$13,569,895
66$14,299,874$12,954,416$12,573,461$14,531,862
67$15,722,644$13,553,365$12,958,855$15,572,145
68$17,289,408$14,180,534$13,356,031$16,701,029
69$19,014,818$14,837,271$13,765,349$17,926,822
70$20,915,020$15,524,988$14,187,179$19,258,647
71$23,007,804$16,245,164$14,621,901$20,706,527
72$25,312,775$16,999,352$15,069,910$22,281,469
73$27,851,535$17,789,178$15,531,609$23,995,569
74$30,647,890$18,616,346$16,007,416$25,862,118
75$33,728,072$19,482,644$16,497,761$27,895,724
76$37,120,986$20,389,944$17,003,087$30,112,442
77$40,858,485$21,340,210$17,523,850$32,529,922
78$44,975,672$22,335,501$18,060,519$35,167,571
79$49,511,224$23,377,974$18,613,580$38,046,725
80$54,507,765$24,469,892$19,183,532$41,190,848
81$60,012,266$25,613,624$19,770,888$44,625,747
82$66,076,483$26,811,659$20,376,180$48,379,805
83$72,757,454$28,066,600$20,999,952$52,484,246
84$80,118,032$29,381,180$21,642,767$56,973,418
85$88,227,476$30,758,263$22,305,205$61,885,110
86$97,162,112$32,200,852$22,987,863$67,260,902
87$107,006,048$33,712,093$23,691,356$73,146,549
88$117,851,966$35,295,288$24,416,318$79,592,399
89$129,802,005$36,953,894$25,163,403$86,653,863
90$142,968,715$38,691,541$25,933,282$94,391,927
91$157,476,127$40,512,030$26,726,650$102,873,716
92$173,460,920$42,419,347$27,544,221$112,173,118
93$191,073,712$44,417,674$28,386,731$122,371,467
94$210,480,482$46,511,391$29,254,938$133,558,301
95$231,864,136$48,705,094$30,149,623$145,832,196
96$255,426,234$51,003,600$31,071,592$159,301,678
97$281,388,893$53,411,959$32,021,673$174,086,239
98$309,996,882$55,935,467$33,000,721$190,317,446
99$341,519,935$58,579,676$34,009,616$208,140,171
100$376,255,296$61,350,408$35,049,266$227,713,941