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

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$982,691$973,938$965,398$957,062$948,923$942,942
2 years$486,481$477,420$468,640$460,126$451,868$445,836
3 years$321,099$311,999$303,241$294,807$286,684$280,786
4 years$238,424$229,353$220,682$212,392$204,465$198,748
5 years$188,832$179,815$171,258$163,137$155,431$149,911
6 years$155,782$146,833$138,402$130,462$122,987$117,671
7 years$132,184$123,310$115,013$107,260$100,022$94,912
8 years$114,493$105,699$97,540$89,978$82,978$78,075
9 years$100,741$92,030$84,011$76,641$69,879$65,182
10 years$89,746$81,120$73,243$66,065$59,541$55,046
11 years$80,756$72,217$64,482$57,497$51,207$46,913
12 years$73,269$64,818$57,226$50,432$44,375$40,277
13 years$66,939$58,576$51,128$44,524$38,696$34,790
14 years$61,518$53,244$45,938$39,524$33,920$30,203
15 years$56,825$48,640$41,476$35,248$29,866$26,331
16 years$52,721$44,626$37,604$31,561$26,396$23,038
17 years$49,105$41,099$34,218$28,357$23,404$20,219
18 years$45,894$37,977$31,237$25,556$20,810$17,792
19 years$43,024$35,197$28,596$23,092$18,548$15,691
20 years$40,444$32,707$26,244$20,914$16,568$13,866
21 years$38,113$30,465$24,139$18,981$14,826$12,274
22 years$35,997$28,438$22,248$17,258$13,290$10,881
23 years$34,068$26,597$20,542$15,717$11,930$9,659
24 years$32,302$24,920$18,998$14,335$10,723$8,584
25 years$30,680$23,386$17,596$13,091$9,649$7,636
26 years$29,185$21,979$16,319$11,970$8,691$6,799
27 years$27,803$20,685$15,154$10,957$7,836$6,059
28 years$26,523$19,491$14,088$10,039$7,070$5,403
29 years$25,332$18,388$13,110$9,206$6,384$4,821
30 years$24,223$17,365$12,211$8,448$5,769$4,304
31 years$23,188$16,416$11,384$7,759$5,215$3,844
32 years$22,219$15,533$10,622$7,131$4,718$3,435
33 years$21,311$14,710$9,917$6,557$4,270$3,071
34 years$20,458$13,942$9,266$6,033$3,866$2,746
35 years$19,656$13,223$8,663$5,554$3,501$2,456
36 years$18,900$12,551$8,104$5,115$3,172$2,198
37 years$18,186$11,921$7,586$4,713$2,875$1,967
38 years$17,512$11,329$7,104$4,344$2,607$1,761
39 years$16,874$10,773$6,655$4,005$2,364$1,577
40 years$16,269$10,249$6,238$3,694$2,144$1,412
41 years$15,695$9,756$5,849$3,409$1,945$1,265
42 years$15,150$9,292$5,487$3,146$1,765$1,133
43 years$14,632$8,853$5,149$2,904$1,602$1,015
44 years$14,139$8,439$4,833$2,681$1,454$909
45 years$13,669$8,047$4,538$2,476$1,320$815
46 years$13,221$7,677$4,262$2,287$1,198$730
47 years$12,793$7,326$4,004$2,113$1,088$654
48 years$12,384$6,994$3,763$1,953$988$587
49 years$11,993$6,678$3,537$1,805$898$526
50 years$11,619$6,379$3,325$1,668$815$471

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 $2,945 every year, while hoping to spend $45,283 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: 83/10/7 Blend
64$11,900,000$11,900,000$11,900,000$11,900,000
65$13,116,838$12,486,138$12,301,688$14,196,929
66$14,406,574$13,049,778$12,665,614$15,466,761
67$15,826,347$13,639,518$13,040,213$16,854,473
68$17,389,370$14,256,591$13,425,796$18,376,878
69$19,110,207$14,902,285$13,822,682$20,047,453
70$21,004,904$15,577,953$14,231,197$21,881,041
71$23,091,141$16,285,010$14,651,680$23,893,987
72$25,388,403$17,024,940$15,084,476$26,104,293
73$27,918,157$17,799,299$15,529,943$28,531,783
74$30,704,060$18,609,716$15,988,447$31,198,294
75$33,772,181$19,457,899$16,460,367$34,127,875
76$37,151,243$20,345,636$16,946,089$37,347,016
77$40,872,900$21,274,802$17,446,013$40,884,894
78$44,972,031$22,247,363$17,960,550$44,773,647
79$49,487,072$23,265,377$18,490,122$49,048,678
80$54,460,376$24,331,003$19,035,164$53,748,984
81$59,938,614$25,446,502$19,596,121$58,917,523
82$65,973,215$26,614,243$20,173,454$64,601,616
83$72,620,853$27,836,711$20,767,634$70,853,397
84$79,943,978$29,116,508$21,379,149$77,730,294
85$88,011,410$30,456,363$22,008,496$85,295,576
86$96,898,984$31,859,135$22,656,191$93,618,944
87$106,690,269$33,327,821$23,322,762$102,777,188
88$117,477,353$34,865,561$24,008,751$112,854,907
89$129,361,718$36,475,648$24,714,719$123,945,307
90$142,455,190$38,161,533$25,441,239$136,151,077
91$156,881,002$39,926,830$26,188,903$149,585,353
92$172,774,951$41,775,332$26,958,319$164,372,787
93$190,286,684$43,711,011$27,750,110$180,650,716
94$209,581,107$45,738,032$28,564,920$198,570,457
95$230,839,945$47,860,760$29,403,410$218,298,732
96$254,263,453$50,083,771$30,266,258$240,019,238
97$280,072,311$52,411,862$31,154,163$263,934,374
98$308,509,703$54,850,059$32,067,844$290,267,151
99$339,843,615$57,403,634$33,008,038$319,263,291
100$374,369,362$60,078,110$33,975,506$351,193,543