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%15.5%
1 years$908,370$900,278$892,384$884,679$877,155$857,344
2 years$449,688$441,313$433,196$425,327$417,693$397,839
3 years$296,814$288,403$280,307$272,511$265,002$245,726
4 years$220,392$212,007$203,991$196,329$189,001$170,452
5 years$174,551$166,216$158,306$150,799$143,676$125,905
6 years$144,000$135,728$127,935$120,595$113,686$96,712
7 years$122,187$113,984$106,314$99,148$92,457$76,283
8 years$105,834$97,705$90,163$83,173$76,702$61,322
9 years$93,122$85,070$77,657$70,845$64,594$49,997
10 years$82,958$74,985$67,703$61,069$55,037$41,207
11 years$74,648$66,755$59,605$53,148$47,334$34,251
12 years$67,728$59,915$52,898$46,618$41,019$28,663
13 years$61,877$54,146$47,261$41,157$35,769$24,119
14 years$56,866$49,217$42,464$36,534$31,355$20,385
15 years$52,527$44,961$38,339$32,582$27,607$17,294
16 years$48,734$41,251$34,760$29,174$24,400$14,716
17 years$45,391$37,990$31,630$26,213$21,634$12,554
18 years$42,423$35,105$28,874$23,623$19,236$10,734
19 years$39,770$32,535$26,433$21,345$17,146$9,193
20 years$37,386$30,233$24,259$19,332$15,315$7,887
21 years$35,231$28,161$22,314$17,545$13,705$6,774
22 years$33,275$26,287$20,566$15,953$12,285$5,825
23 years$31,491$24,586$18,989$14,528$11,027$5,014
24 years$29,859$23,035$17,561$13,251$9,912$4,319
25 years$28,360$21,617$16,265$12,101$8,919$3,723
26 years$26,978$20,317$15,085$11,065$8,034$3,212
27 years$25,701$19,121$14,008$10,128$7,243$2,772
28 years$24,517$18,017$13,022$9,279$6,536$2,393
29 years$23,416$16,997$12,118$8,509$5,902$2,067
30 years$22,391$16,052$11,288$7,809$5,332$1,786
31 years$21,434$15,175$10,523$7,172$4,821$1,543
32 years$20,539$14,358$9,818$6,592$4,361$1,334
33 years$19,699$13,597$9,167$6,061$3,947$1,154
34 years$18,911$12,887$8,565$5,577$3,573$998
35 years$18,169$12,223$8,008$5,134$3,236$863
36 years$17,471$11,602$7,491$4,728$2,932$746
37 years$16,811$11,019$7,012$4,357$2,658$646
38 years$16,188$10,472$6,566$4,016$2,409$559
39 years$15,598$9,958$6,152$3,702$2,185$483
40 years$15,039$9,474$5,766$3,415$1,982$418
41 years$14,508$9,018$5,407$3,151$1,798$362
42 years$14,005$8,589$5,072$2,908$1,632$313
43 years$13,526$8,183$4,759$2,684$1,481$271
44 years$13,070$7,801$4,467$2,478$1,344$235
45 years$12,635$7,439$4,195$2,289$1,220$203
46 years$12,221$7,096$3,940$2,114$1,108$176
47 years$11,825$6,772$3,701$1,953$1,006$152
48 years$11,447$6,465$3,478$1,805$914$132
49 years$11,086$6,173$3,269$1,668$830$114
50 years$10,740$5,897$3,074$1,542$754$99

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 $2,638 every year, while hoping to spend $46,833 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: 59/13/28 Blend
65$11,000,000$11,000,000$11,000,000$11,000,000
66$12,124,721$11,541,721$11,371,221$12,747,593
67$13,311,613$12,057,435$11,702,327$13,689,420
68$14,617,998$12,596,850$12,042,955$14,711,055
69$16,056,015$13,161,077$12,393,376$15,824,497
70$17,639,039$13,751,281$12,753,865$17,038,679
71$19,381,810$14,368,683$13,124,708$18,363,434
72$21,300,566$15,014,560$13,506,197$19,809,579
73$23,413,203$15,690,252$13,898,634$21,389,020
74$25,739,437$16,397,162$14,302,326$23,114,856
75$28,300,997$17,136,761$14,717,591$25,001,508
76$31,121,825$17,910,588$15,144,757$27,064,847
77$34,228,303$18,720,258$15,584,157$29,322,342
78$37,649,500$19,567,461$16,036,137$31,793,226
79$41,417,452$20,453,970$16,501,051$34,498,670
80$45,567,457$21,381,639$16,979,261$37,461,985
81$50,138,415$22,352,416$17,471,143$40,708,834
82$55,173,186$23,368,338$17,977,080$44,267,474
83$60,719,005$24,431,540$18,497,466$48,169,023
84$66,827,919$25,544,262$19,032,706$52,447,742
85$73,557,283$26,708,847$19,583,218$57,141,364
86$80,970,299$27,927,753$20,149,429$62,291,439
87$89,136,614$29,203,557$20,731,779$67,943,730
88$98,132,973$30,538,956$21,330,719$74,148,634
89$108,043,951$31,936,779$21,946,712$80,961,660
90$118,962,743$33,399,991$22,580,236$88,443,943
91$130,992,048$34,931,696$23,231,779$96,662,822
92$144,245,039$36,535,150$23,901,845$105,692,469
93$158,846,426$38,213,766$24,590,951$115,614,584
94$174,933,639$39,971,118$25,299,625$126,519,161
95$192,658,121$41,810,954$26,028,414$138,505,336
96$212,186,760$43,737,202$26,777,876$151,682,312
97$233,703,462$45,753,977$27,548,587$166,170,391
98$257,410,888$47,865,594$28,341,137$182,102,096
99$283,532,365$50,076,575$29,156,133$199,623,425
100$312,313,999$52,391,660$29,994,195$218,895,216