Can I retire at age 66 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$916,628$908,463$900,497$892,722$885,130$866,196
2 years$453,776$445,325$437,134$429,193$421,490$402,508
3 years$299,512$291,025$282,855$274,988$267,411$248,971
4 years$222,396$213,934$205,846$198,114$190,720$172,965
5 years$176,138$167,727$159,745$152,170$144,982$127,963
6 years$145,309$136,962$129,098$121,692$114,719$98,453
7 years$123,297$115,020$107,281$100,049$93,298$77,788
8 years$106,796$98,593$90,983$83,929$77,399$62,641
9 years$93,968$85,843$78,363$71,489$65,181$51,164
10 years$83,712$75,667$68,319$61,624$55,538$42,247
11 years$75,327$67,362$60,147$53,631$47,764$35,183
12 years$68,343$60,460$53,379$47,042$41,392$29,501
13 years$62,439$54,638$47,690$41,531$36,094$24,873
14 years$57,383$49,665$42,850$36,867$31,640$21,066
15 years$53,004$45,370$38,688$32,879$27,858$17,908
16 years$49,177$41,626$35,076$29,439$24,621$15,271
17 years$45,804$38,336$31,918$26,451$21,831$13,057
18 years$42,808$35,424$29,137$23,838$19,411$11,188
19 years$40,132$32,831$26,673$21,539$17,302$9,604
20 years$37,725$30,508$24,480$19,508$15,454$8,257
21 years$35,551$28,417$22,517$17,705$13,830$7,109
22 years$33,577$26,526$20,752$16,098$12,396$6,127
23 years$31,778$24,809$19,161$14,660$11,128$5,286
24 years$30,131$23,245$17,721$13,371$10,002$4,565
25 years$28,618$21,814$16,413$12,211$9,000$3,944
26 years$27,223$20,502$15,222$11,165$8,107$3,410
27 years$25,934$19,294$14,135$10,220$7,309$2,950
28 years$24,739$18,181$13,141$9,364$6,595$2,553
29 years$23,629$17,152$12,228$8,587$5,955$2,211
30 years$22,595$16,198$11,390$7,880$5,381$1,915
31 years$21,629$15,312$10,619$7,238$4,865$1,659
32 years$20,726$14,489$9,908$6,652$4,401$1,438
33 years$19,878$13,721$9,251$6,117$3,983$1,246
34 years$19,083$13,004$8,643$5,628$3,606$1,081
35 years$18,335$12,334$8,081$5,181$3,266$937
36 years$17,629$11,707$7,560$4,771$2,959$813
37 years$16,964$11,119$7,076$4,396$2,682$705
38 years$16,335$10,567$6,626$4,052$2,431$611
39 years$15,740$10,048$6,208$3,736$2,205$530
40 years$15,175$9,560$5,819$3,446$2,000$460
41 years$14,640$9,100$5,456$3,179$1,814$399
42 years$14,132$8,667$5,118$2,934$1,646$346
43 years$13,649$8,258$4,802$2,709$1,494$301
44 years$13,188$7,871$4,508$2,501$1,356$261
45 years$12,750$7,506$4,233$2,310$1,231$226
46 years$12,332$7,161$3,976$2,134$1,118$196
47 years$11,933$6,833$3,735$1,971$1,015$171
48 years$11,551$6,523$3,510$1,821$922$148
49 years$11,186$6,229$3,299$1,683$837$128
50 years$10,837$5,951$3,102$1,556$760$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,100,000, adding $2,811 every year, while hoping to spend $52,998 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: 61/11/28 Blend
65$11,100,000$11,100,000$11,100,000$11,100,000
66$12,235,100$11,646,800$11,474,750$12,888,943
67$13,426,690$12,161,103$11,802,764$13,848,785
68$14,738,047$12,698,832$12,139,991$14,890,077
69$16,181,330$13,261,076$12,486,683$16,025,625
70$17,769,937$13,848,981$12,843,099$17,264,642
71$19,518,634$14,463,744$13,209,505$18,617,269
72$21,443,686$15,106,619$13,586,175$20,094,665
73$23,563,020$15,778,921$13,973,390$21,709,112
74$25,896,386$16,482,026$14,371,436$23,474,130
75$28,465,548$17,217,377$14,780,611$25,404,601
76$31,294,489$17,986,483$15,201,216$27,516,908
77$34,409,633$18,790,927$15,633,563$29,829,089
78$37,840,100$19,632,366$16,077,971$32,361,000
79$41,617,976$20,512,538$16,534,769$35,134,508
80$45,778,618$21,433,261$17,004,293$38,173,686
81$50,360,987$22,396,441$17,486,887$41,505,045
82$55,408,016$23,404,075$17,982,906$45,157,779
83$60,967,013$24,458,254$18,492,713$49,164,036
84$67,090,111$25,561,171$19,016,681$53,559,221
85$73,834,755$26,715,121$19,555,193$58,382,326
86$81,264,249$27,922,511$20,108,640$63,676,296
87$89,448,349$29,185,861$20,677,426$69,488,432
88$98,463,924$30,507,811$21,261,964$75,870,829
89$108,395,681$31,891,131$21,862,676$82,880,873
90$119,336,963$33,338,719$22,479,998$90,581,770
91$131,390,631$34,853,614$23,114,376$99,043,145
92$144,670,034$36,438,999$23,766,266$108,341,695
93$159,300,079$38,098,212$24,436,137$118,561,905
94$175,418,410$39,834,747$25,124,471$129,796,845
95$193,176,707$41,652,269$25,831,760$142,149,042
96$212,742,118$43,554,617$26,558,511$155,731,447
97$234,298,834$45,545,813$27,305,241$170,668,492
98$258,049,831$47,630,075$28,072,483$187,097,262
99$284,218,785$49,811,819$28,860,782$205,168,783
100$313,052,179$52,095,676$29,670,696$225,049,443