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%13.5%
1 years$982,691$973,938$965,398$957,062$948,923$935,128
2 years$486,481$477,420$468,640$460,126$451,868$437,999
3 years$321,099$311,999$303,241$294,807$286,684$273,172
4 years$238,424$229,353$220,682$212,392$204,465$191,414
5 years$188,832$179,815$171,258$163,137$155,431$142,879
6 years$155,782$146,833$138,402$130,462$122,987$110,949
7 years$132,184$123,310$115,013$107,260$100,022$88,501
8 years$114,493$105,699$97,540$89,978$82,978$71,973
9 years$100,741$92,030$84,011$76,641$69,879$59,385
10 years$89,746$81,120$73,243$66,065$59,541$49,550
11 years$80,756$72,217$64,482$57,497$51,207$41,709
12 years$73,269$64,818$57,226$50,432$44,375$35,358
13 years$66,939$58,576$51,128$44,524$38,696$30,148
14 years$61,518$53,244$45,938$39,524$33,920$25,829
15 years$56,825$48,640$41,476$35,248$29,866$22,216
16 years$52,721$44,626$37,604$31,561$26,396$19,172
17 years$49,105$41,099$34,218$28,357$23,404$16,592
18 years$45,894$37,977$31,237$25,556$20,810$14,394
19 years$43,024$35,197$28,596$23,092$18,548$12,512
20 years$40,444$32,707$26,244$20,914$16,568$10,895
21 years$38,113$30,465$24,139$18,981$14,826$9,502
22 years$35,997$28,438$22,248$17,258$13,290$8,297
23 years$34,068$26,597$20,542$15,717$11,930$7,254
24 years$32,302$24,920$18,998$14,335$10,723$6,348
25 years$30,680$23,386$17,596$13,091$9,649$5,559
26 years$29,185$21,979$16,319$11,970$8,691$4,873
27 years$27,803$20,685$15,154$10,957$7,836$4,273
28 years$26,523$19,491$14,088$10,039$7,070$3,750
29 years$25,332$18,388$13,110$9,206$6,384$3,292
30 years$24,223$17,365$12,211$8,448$5,769$2,892
31 years$23,188$16,416$11,384$7,759$5,215$2,541
32 years$22,219$15,533$10,622$7,131$4,718$2,233
33 years$21,311$14,710$9,917$6,557$4,270$1,964
34 years$20,458$13,942$9,266$6,033$3,866$1,727
35 years$19,656$13,223$8,663$5,554$3,501$1,519
36 years$18,900$12,551$8,104$5,115$3,172$1,336
37 years$18,186$11,921$7,586$4,713$2,875$1,176
38 years$17,512$11,329$7,104$4,344$2,607$1,035
39 years$16,874$10,773$6,655$4,005$2,364$911
40 years$16,269$10,249$6,238$3,694$2,144$802
41 years$15,695$9,756$5,849$3,409$1,945$706
42 years$15,150$9,292$5,487$3,146$1,765$622
43 years$14,632$8,853$5,149$2,904$1,602$547
44 years$14,139$8,439$4,833$2,681$1,454$482
45 years$13,669$8,047$4,538$2,476$1,320$424
46 years$13,221$7,677$4,262$2,287$1,198$374
47 years$12,793$7,326$4,004$2,113$1,088$329
48 years$12,384$6,994$3,763$1,953$988$290
49 years$11,993$6,678$3,537$1,805$898$255
50 years$11,619$6,379$3,325$1,668$815$225

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 $5,996 every year, while hoping to spend $40,950 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: 58/15/27 Blend
64$11,900,000$11,900,000$11,900,000$11,900,000
65$13,119,985$12,489,285$12,304,835$13,784,094
66$14,414,653$13,057,689$12,673,476$14,807,659
67$15,840,004$13,652,573$13,053,095$15,918,326
68$17,409,326$14,275,191$13,444,015$17,128,534
69$19,137,259$14,926,856$13,846,570$18,447,940
70$21,039,934$15,608,947$14,261,105$19,887,169
71$23,135,128$16,322,906$14,687,973$21,457,907
72$25,442,429$17,070,247$15,127,539$23,173,016
73$27,983,422$17,852,554$15,580,176$25,046,644
74$30,781,891$18,671,489$16,046,272$27,094,363
75$33,864,045$19,528,793$16,526,223$29,333,311
76$37,258,764$20,426,290$17,020,438$31,782,346
77$40,997,873$21,365,894$17,529,338$34,462,229
78$45,116,441$22,349,607$18,053,355$37,395,810
79$49,653,111$23,379,531$18,592,936$40,608,244
80$54,650,468$24,457,867$19,148,539$44,127,224
81$60,155,436$25,586,923$19,720,635$47,983,238
82$66,219,726$26,769,118$20,309,712$52,209,851
83$72,900,318$28,006,985$20,916,268$56,844,024
84$80,260,006$29,303,183$21,540,818$61,926,452
85$88,367,984$30,660,496$22,183,893$67,501,948
86$97,300,501$32,081,843$22,846,036$73,619,860
87$107,141,583$33,570,284$23,527,809$80,334,530
88$117,983,823$35,129,026$24,229,789$87,705,807
89$129,929,256$36,761,432$24,952,570$95,799,602
90$143,090,322$38,471,024$25,696,763$104,688,509
91$157,590,928$40,261,497$26,462,998$114,452,479
92$173,567,616$42,136,724$27,251,921$125,179,576
93$191,170,851$44,100,762$28,064,199$136,966,796
94$210,566,446$46,157,867$28,900,518$149,920,980
95$231,937,121$48,312,500$29,761,583$164,159,815
96$255,484,231$50,569,336$30,648,119$179,812,938
97$281,429,666$52,933,277$31,560,875$197,023,151
98$310,017,946$55,409,462$32,500,618$215,947,766
99$341,518,528$58,003,277$33,468,140$236,760,076
100$376,228,350$60,720,370$34,464,255$259,650,990