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%12.3%
1 years$982,691$973,938$965,398$957,062$948,923$939,795
2 years$486,481$477,420$468,640$460,126$451,868$442,673
3 years$321,099$311,999$303,241$294,807$286,684$277,707
4 years$238,424$229,353$220,682$212,392$204,465$195,775
5 years$188,832$179,815$171,258$163,137$155,431$147,054
6 years$155,782$146,833$138,402$130,462$122,987$114,933
7 years$132,184$123,310$115,013$107,260$100,022$92,294
8 years$114,493$105,699$97,540$89,978$82,978$75,576
9 years$100,741$92,030$84,011$76,641$69,879$62,801
10 years$89,746$81,120$73,243$66,065$59,541$52,782
11 years$80,756$72,217$64,482$57,497$51,207$44,762
12 years$73,269$64,818$57,226$50,432$44,375$38,238
13 years$66,939$58,576$51,128$44,524$38,696$32,859
14 years$61,518$53,244$45,938$39,524$33,920$28,377
15 years$56,825$48,640$41,476$35,248$29,866$24,607
16 years$52,721$44,626$37,604$31,561$26,396$21,413
17 years$49,105$41,099$34,218$28,357$23,404$18,688
18 years$45,894$37,977$31,237$25,556$20,810$16,352
19 years$43,024$35,197$28,596$23,092$18,548$14,339
20 years$40,444$32,707$26,244$20,914$16,568$12,597
21 years$38,113$30,465$24,139$18,981$14,826$11,085
22 years$35,997$28,438$22,248$17,258$13,290$9,768
23 years$34,068$26,597$20,542$15,717$11,930$8,619
24 years$32,302$24,920$18,998$14,335$10,723$7,612
25 years$30,680$23,386$17,596$13,091$9,649$6,730
26 years$29,185$21,979$16,319$11,970$8,691$5,955
27 years$27,803$20,685$15,154$10,957$7,836$5,273
28 years$26,523$19,491$14,088$10,039$7,070$4,672
29 years$25,332$18,388$13,110$9,206$6,384$4,142
30 years$24,223$17,365$12,211$8,448$5,769$3,674
31 years$23,188$16,416$11,384$7,759$5,215$3,260
32 years$22,219$15,533$10,622$7,131$4,718$2,894
33 years$21,311$14,710$9,917$6,557$4,270$2,570
34 years$20,458$13,942$9,266$6,033$3,866$2,283
35 years$19,656$13,223$8,663$5,554$3,501$2,029
36 years$18,900$12,551$8,104$5,115$3,172$1,803
37 years$18,186$11,921$7,586$4,713$2,875$1,603
38 years$17,512$11,329$7,104$4,344$2,607$1,425
39 years$16,874$10,773$6,655$4,005$2,364$1,267
40 years$16,269$10,249$6,238$3,694$2,144$1,127
41 years$15,695$9,756$5,849$3,409$1,945$1,003
42 years$15,150$9,292$5,487$3,146$1,765$892
43 years$14,632$8,853$5,149$2,904$1,602$794
44 years$14,139$8,439$4,833$2,681$1,454$706
45 years$13,669$8,047$4,538$2,476$1,320$628
46 years$13,221$7,677$4,262$2,287$1,198$559
47 years$12,793$7,326$4,004$2,113$1,088$498
48 years$12,384$6,994$3,763$1,953$988$443
49 years$11,993$6,678$3,537$1,805$898$394
50 years$11,619$6,379$3,325$1,668$815$351

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 $4,197 every year, while hoping to spend $57,279 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: 40/37/23 Blend
64$11,900,000$11,900,000$11,900,000$11,900,000
65$13,118,129$12,487,429$12,302,979$13,553,408
66$14,395,234$13,038,369$12,654,185$14,418,025
67$15,800,684$13,614,385$13,015,236$15,347,068
68$17,347,509$14,216,645$13,386,402$16,351,024
69$19,050,068$14,846,374$13,767,959$17,436,763
70$20,924,181$15,504,852$14,160,192$18,611,823
71$22,987,280$16,193,423$14,563,391$19,884,479
72$25,258,574$16,913,491$14,977,856$21,263,816
73$27,759,227$17,666,531$15,403,892$22,759,806
74$30,512,561$18,454,085$15,841,816$24,383,405
75$33,544,276$19,277,768$16,291,950$26,146,643
76$36,882,687$20,139,274$16,754,626$28,062,741
77$40,558,999$21,040,375$17,230,183$30,146,220
78$44,607,594$21,982,931$17,718,971$32,413,042
79$49,066,360$22,968,886$18,221,348$34,880,749
80$53,977,047$24,000,280$18,737,682$37,568,621
81$59,385,661$25,079,249$19,268,350$40,497,858
82$65,342,897$26,208,031$19,813,738$43,691,767
83$71,904,618$27,388,969$20,374,243$47,175,976
84$79,132,381$28,624,521$20,950,273$50,978,671
85$87,094,022$29,917,261$21,542,245$55,130,851
86$95,864,289$31,269,883$22,150,587$59,666,615
87$105,525,553$32,685,215$22,775,738$64,623,472
88$116,168,585$34,166,215$23,418,151$70,042,691
89$127,893,407$35,715,987$24,078,286$75,969,676
90$140,810,244$37,337,779$24,756,618$82,454,388
91$155,040,557$39,034,999$25,453,632$89,551,805
92$170,718,194$40,811,213$26,169,829$97,322,431
93$187,990,649$42,670,162$26,905,718$105,832,854
94$207,020,460$44,615,765$27,661,824$115,156,367
95$227,986,737$46,652,127$28,438,685$125,373,644
96$251,086,854$48,783,552$29,236,851$136,573,488
97$276,538,317$51,014,549$30,056,889$148,853,661
98$304,580,807$53,349,844$30,899,377$162,321,787
99$335,478,452$55,794,389$31,764,909$177,096,357
100$369,522,315$58,353,375$32,654,094$193,307,830