Can I retire at age 66 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$908,370$900,278$892,384$884,679$877,155$851,808
2 years$449,688$441,313$433,196$425,327$417,693$392,358
3 years$296,814$288,403$280,307$272,511$265,002$240,472
4 years$220,392$212,007$203,991$196,329$189,001$165,465
5 years$174,551$166,216$158,306$150,799$143,676$121,197
6 years$144,000$135,728$127,935$120,595$113,686$92,286
7 years$122,187$113,984$106,314$99,148$92,457$72,136
8 years$105,834$97,705$90,163$83,173$76,702$57,447
9 years$93,122$85,070$77,657$70,845$64,594$46,387
10 years$82,958$74,985$67,703$61,069$55,037$37,853
11 years$74,648$66,755$59,605$53,148$47,334$31,143
12 years$67,728$59,915$52,898$46,618$41,019$25,790
13 years$61,877$54,146$47,261$41,157$35,769$21,469
14 years$56,866$49,217$42,464$36,534$31,355$17,948
15 years$52,527$44,961$38,339$32,582$27,607$15,056
16 years$48,734$41,251$34,760$29,174$24,400$12,666
17 years$45,391$37,990$31,630$26,213$21,634$10,681
18 years$42,423$35,105$28,874$23,623$19,236$9,024
19 years$39,770$32,535$26,433$21,345$17,146$7,638
20 years$37,386$30,233$24,259$19,332$15,315$6,473
21 years$35,231$28,161$22,314$17,545$13,705$5,492
22 years$33,275$26,287$20,566$15,953$12,285$4,664
23 years$31,491$24,586$18,989$14,528$11,027$3,965
24 years$29,859$23,035$17,561$13,251$9,912$3,372
25 years$28,360$21,617$16,265$12,101$8,919$2,870
26 years$26,978$20,317$15,085$11,065$8,034$2,444
27 years$25,701$19,121$14,008$10,128$7,243$2,082
28 years$24,517$18,017$13,022$9,279$6,536$1,774
29 years$23,416$16,997$12,118$8,509$5,902$1,512
30 years$22,391$16,052$11,288$7,809$5,332$1,290
31 years$21,434$15,175$10,523$7,172$4,821$1,100
32 years$20,539$14,358$9,818$6,592$4,361$938
33 years$19,699$13,597$9,167$6,061$3,947$800
34 years$18,911$12,887$8,565$5,577$3,573$683
35 years$18,169$12,223$8,008$5,134$3,236$583
36 years$17,471$11,602$7,491$4,728$2,932$497
37 years$16,811$11,019$7,012$4,357$2,658$425
38 years$16,188$10,472$6,566$4,016$2,409$362
39 years$15,598$9,958$6,152$3,702$2,185$309
40 years$15,039$9,474$5,766$3,415$1,982$264
41 years$14,508$9,018$5,407$3,151$1,798$226
42 years$14,005$8,589$5,072$2,908$1,632$193
43 years$13,526$8,183$4,759$2,684$1,481$164
44 years$13,070$7,801$4,467$2,478$1,344$140
45 years$12,635$7,439$4,195$2,289$1,220$120
46 years$12,221$7,096$3,940$2,114$1,108$102
47 years$11,825$6,772$3,701$1,953$1,006$87
48 years$11,447$6,465$3,478$1,805$914$75
49 years$11,086$6,173$3,269$1,668$830$64
50 years$10,740$5,897$3,074$1,542$754$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,000,000, adding $6,731 every year, while hoping to spend $55,118 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: 41/29/30 Blend
65$11,000,000$11,000,000$11,000,000$11,000,000
66$12,128,943$11,545,943$11,375,443$12,518,988
67$13,307,450$12,053,049$11,697,875$13,310,032
68$14,604,318$12,583,156$12,029,262$14,160,115
69$16,031,560$13,137,333$12,369,844$15,079,281
70$17,602,416$13,716,699$12,719,870$16,073,929
71$19,331,471$14,322,426$13,079,595$17,151,086
72$21,234,799$14,955,742$13,449,279$18,318,468
73$23,330,109$15,617,934$13,829,190$19,584,550
74$25,636,915$16,310,349$14,219,604$20,958,645
75$28,176,721$17,034,396$14,620,801$22,450,985
76$30,973,219$17,791,554$15,033,070$24,072,815
77$34,052,518$18,583,371$15,456,709$25,836,493
78$37,443,386$19,411,467$15,892,020$27,755,605
79$41,177,525$20,277,542$16,339,315$29,845,088
80$45,289,865$21,183,375$16,798,915$32,121,365
81$49,818,900$22,130,828$17,271,147$34,602,496
82$54,807,044$23,121,855$17,756,347$37,308,344
83$60,301,037$24,158,501$18,254,860$40,260,757
84$66,352,384$25,242,908$18,767,038$43,483,765
85$73,017,838$26,377,321$19,293,245$47,003,807
86$80,359,939$27,564,093$19,833,851$50,849,972
87$88,447,605$28,805,685$20,389,237$55,054,263
88$97,356,779$30,104,681$20,959,794$59,651,902
89$107,171,144$31,463,785$21,545,921$64,681,644
90$117,982,920$32,885,829$22,148,029$70,186,146
91$129,893,727$34,373,784$22,766,537$76,212,355
92$143,015,548$35,930,760$23,401,876$82,811,948
93$157,471,783$37,560,017$24,054,489$90,041,808
94$173,398,417$39,264,970$24,724,826$97,964,555
95$190,945,300$41,049,197$25,413,352$106,649,126
96$210,277,562$42,916,450$26,120,541$116,171,421
97$231,577,174$44,870,657$26,846,879$126,615,002
98$255,044,662$46,915,935$27,592,867$138,071,880
99$280,901,003$49,056,601$28,359,013$150,643,367
100$309,389,706$51,297,176$29,145,841$164,441,023