Can I retire at age 65 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$982,691$973,938$965,398$957,062$948,923$937,843
2 years$486,481$477,420$468,640$460,126$451,868$440,716
3 years$321,099$311,999$303,241$294,807$286,684$275,805
4 years$238,424$229,353$220,682$212,392$204,465$193,944
5 years$188,832$179,815$171,258$163,137$155,431$145,298
6 years$155,782$146,833$138,402$130,462$122,987$113,255
7 years$132,184$123,310$115,013$107,260$100,022$90,694
8 years$114,493$105,699$97,540$89,978$82,978$74,054
9 years$100,741$92,030$84,011$76,641$69,879$61,356
10 years$89,746$81,120$73,243$66,065$59,541$51,411
11 years$80,756$72,217$64,482$57,497$51,207$43,465
12 years$73,269$64,818$57,226$50,432$44,375$37,012
13 years$66,939$58,576$51,128$44,524$38,696$31,703
14 years$61,518$53,244$45,938$39,524$33,920$27,288
15 years$56,825$48,640$41,476$35,248$29,866$23,583
16 years$52,721$44,626$37,604$31,561$26,396$20,451
17 years$49,105$41,099$34,218$28,357$23,404$17,786
18 years$45,894$37,977$31,237$25,556$20,810$15,507
19 years$43,024$35,197$28,596$23,092$18,548$13,549
20 years$40,444$32,707$26,244$20,914$16,568$11,860
21 years$38,113$30,465$24,139$18,981$14,826$10,397
22 years$35,997$28,438$22,248$17,258$13,290$9,128
23 years$34,068$26,597$20,542$15,717$11,930$8,023
24 years$32,302$24,920$18,998$14,335$10,723$7,059
25 years$30,680$23,386$17,596$13,091$9,649$6,216
26 years$29,185$21,979$16,319$11,970$8,691$5,479
27 years$27,803$20,685$15,154$10,957$7,836$4,832
28 years$26,523$19,491$14,088$10,039$7,070$4,264
29 years$25,332$18,388$13,110$9,206$6,384$3,765
30 years$24,223$17,365$12,211$8,448$5,769$3,326
31 years$23,188$16,416$11,384$7,759$5,215$2,939
32 years$22,219$15,533$10,622$7,131$4,718$2,599
33 years$21,311$14,710$9,917$6,557$4,270$2,298
34 years$20,458$13,942$9,266$6,033$3,866$2,033
35 years$19,656$13,223$8,663$5,554$3,501$1,799
36 years$18,900$12,551$8,104$5,115$3,172$1,592
37 years$18,186$11,921$7,586$4,713$2,875$1,409
38 years$17,512$11,329$7,104$4,344$2,607$1,248
39 years$16,874$10,773$6,655$4,005$2,364$1,105
40 years$16,269$10,249$6,238$3,694$2,144$978
41 years$15,695$9,756$5,849$3,409$1,945$867
42 years$15,150$9,292$5,487$3,146$1,765$768
43 years$14,632$8,853$5,149$2,904$1,602$680
44 years$14,139$8,439$4,833$2,681$1,454$602
45 years$13,669$8,047$4,538$2,476$1,320$534
46 years$13,221$7,677$4,262$2,287$1,198$473
47 years$12,793$7,326$4,004$2,113$1,088$419
48 years$12,384$6,994$3,763$1,953$988$371
49 years$11,993$6,678$3,537$1,805$898$329
50 years$11,619$6,379$3,325$1,668$815$292

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,900,000, adding $4,078 every year, while hoping to spend $34,121 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: 76/19/5 Blend
64$11,900,000$11,900,000$11,900,000$11,900,000
65$13,118,006$12,487,306$12,302,856$14,110,816
66$14,419,739$13,062,880$12,678,698$15,338,767
67$15,853,104$13,665,513$13,065,986$16,679,464
68$17,431,493$14,296,495$13,465,069$18,147,885
69$19,169,661$14,957,179$13,876,304$19,756,674
70$21,083,866$15,648,982$14,300,061$21,519,752
71$23,192,027$16,373,387$14,736,719$23,452,438
72$25,513,884$17,131,954$15,186,669$25,571,599
73$28,071,193$17,926,312$15,650,315$27,895,801
74$30,887,926$18,758,174$16,128,073$30,445,484
75$33,990,501$19,629,331$16,620,370$33,243,152
76$37,408,027$20,541,663$17,127,647$36,313,582
77$41,172,581$21,497,139$17,650,358$39,684,057
78$45,319,511$22,497,826$18,188,972$43,384,615
79$49,887,769$23,545,887$18,743,970$47,448,338
80$54,920,277$24,643,591$19,315,849$51,911,651
81$60,464,336$25,793,317$19,905,120$56,814,670
82$66,572,068$26,997,560$20,512,311$62,201,573
83$73,300,910$28,258,931$21,137,965$68,121,014
84$80,714,156$29,580,173$21,782,641$74,626,577
85$88,881,555$30,964,156$22,446,914$81,777,283
86$97,879,967$32,413,893$23,131,379$89,638,132
87$107,794,091$33,932,541$23,836,648$98,280,724
88$118,717,262$35,523,410$24,563,349$107,783,920
89$130,752,334$37,189,968$25,312,133$118,234,589
90$144,012,650$38,935,854$26,083,666$129,728,417
91$158,623,110$40,764,881$26,878,639$142,370,806
92$174,721,354$42,681,047$27,697,761$156,277,866
93$192,459,058$44,688,544$28,541,761$171,577,503
94$212,003,365$46,791,766$29,411,394$188,410,616
95$233,538,467$48,995,321$30,307,434$206,932,429
96$257,267,338$51,304,038$31,230,680$227,313,941
97$283,413,654$53,722,984$32,181,955$249,743,538
98$312,223,903$56,257,466$33,162,107$274,428,759
99$343,969,712$58,913,054$34,172,009$301,598,254
100$378,950,412$61,695,582$35,212,560$331,503,928