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

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$916,628$908,463$900,497$892,722$885,130$857,483
2 years$453,776$445,325$437,134$429,193$421,490$393,883
3 years$299,512$291,025$282,855$274,988$267,411$240,708
4 years$222,396$213,934$205,846$198,114$190,720$165,127
5 years$176,138$167,727$159,745$152,170$144,982$120,568
6 years$145,309$136,962$129,098$121,692$114,719$91,506
7 years$123,297$115,020$107,281$100,049$93,298$71,282
8 years$106,796$98,593$90,983$83,929$77,399$56,567
9 years$93,968$85,843$78,363$71,489$65,181$45,510
10 years$83,712$75,667$68,319$61,624$55,538$36,998
11 years$75,327$67,362$60,147$53,631$47,764$30,322
12 years$68,343$60,460$53,379$47,042$41,392$25,011
13 years$62,439$54,638$47,690$41,531$36,094$20,736
14 years$57,383$49,665$42,850$36,867$31,640$17,263
15 years$53,004$45,370$38,688$32,879$27,858$14,420
16 years$49,177$41,626$35,076$29,439$24,621$12,079
17 years$45,804$38,336$31,918$26,451$21,831$10,141
18 years$42,808$35,424$29,137$23,838$19,411$8,530
19 years$40,132$32,831$26,673$21,539$17,302$7,187
20 years$37,725$30,508$24,480$19,508$15,454$6,063
21 years$35,551$28,417$22,517$17,705$13,830$5,120
22 years$33,577$26,526$20,752$16,098$12,396$4,328
23 years$31,778$24,809$19,161$14,660$11,128$3,662
24 years$30,131$23,245$17,721$13,371$10,002$3,100
25 years$28,618$21,814$16,413$12,211$9,000$2,626
26 years$27,223$20,502$15,222$11,165$8,107$2,225
27 years$25,934$19,294$14,135$10,220$7,309$1,886
28 years$24,739$18,181$13,141$9,364$6,595$1,600
29 years$23,629$17,152$12,228$8,587$5,955$1,357
30 years$22,595$16,198$11,390$7,880$5,381$1,151
31 years$21,629$15,312$10,619$7,238$4,865$977
32 years$20,726$14,489$9,908$6,652$4,401$829
33 years$19,878$13,721$9,251$6,117$3,983$704
34 years$19,083$13,004$8,643$5,628$3,606$598
35 years$18,335$12,334$8,081$5,181$3,266$508
36 years$17,629$11,707$7,560$4,771$2,959$431
37 years$16,964$11,119$7,076$4,396$2,682$366
38 years$16,335$10,567$6,626$4,052$2,431$311
39 years$15,740$10,048$6,208$3,736$2,205$264
40 years$15,175$9,560$5,819$3,446$2,000$224
41 years$14,640$9,100$5,456$3,179$1,814$191
42 years$14,132$8,667$5,118$2,934$1,646$162
43 years$13,649$8,258$4,802$2,709$1,494$137
44 years$13,188$7,871$4,508$2,501$1,356$117
45 years$12,750$7,506$4,233$2,310$1,231$99
46 years$12,332$7,161$3,976$2,134$1,118$84
47 years$11,933$6,833$3,735$1,971$1,015$72
48 years$11,551$6,523$3,510$1,821$922$61
49 years$11,186$6,229$3,299$1,683$837$52
50 years$10,837$5,951$3,102$1,556$760$44

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 $2,926 every year, while hoping to spend $22,726 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: 43/27/30 Blend
65$11,100,000$11,100,000$11,100,000$11,100,000
66$12,235,218$11,646,918$11,474,868$12,654,117
67$13,459,030$12,193,437$11,835,096$13,502,338
68$14,806,909$12,765,973$12,206,630$14,418,449
69$16,291,486$13,365,778$12,589,824$15,410,675
70$17,926,680$13,994,163$12,985,045$16,486,098
71$19,727,827$14,652,503$13,392,670$17,652,492
72$21,711,829$15,342,240$13,813,088$18,918,394
73$23,897,310$16,064,884$14,246,701$20,293,182
74$26,304,793$16,822,020$14,693,922$21,787,157
75$28,956,892$17,615,309$15,155,179$23,411,641
76$31,878,529$18,446,494$15,630,912$25,179,071
77$35,097,166$19,317,399$16,121,575$27,103,118
78$38,643,066$20,229,941$16,627,636$29,198,812
79$42,549,576$21,186,125$17,149,580$31,482,671
80$46,853,445$22,188,057$17,687,903$33,972,861
81$51,595,169$23,237,945$18,243,120$36,689,355
82$56,819,373$24,338,100$18,815,761$39,654,120
83$62,575,233$25,490,951$19,406,373$42,891,314
84$68,916,939$26,699,040$20,015,519$46,427,512
85$75,904,209$27,965,035$20,643,781$50,291,947
86$83,602,849$29,291,733$21,291,758$54,516,780
87$92,085,378$30,682,066$21,960,070$59,137,397
88$101,431,708$32,139,109$22,649,354$64,192,735
89$111,729,903$33,666,086$23,360,268$69,725,640
90$123,077,007$35,266,378$24,093,491$75,783,267
91$135,579,961$36,943,530$24,849,722$82,417,510
92$149,356,613$38,701,259$25,629,684$89,685,491
93$164,536,829$40,543,463$26,434,121$97,650,082
94$181,263,722$42,474,228$27,263,800$106,380,495
95$199,694,998$44,497,842$28,119,514$115,952,920
96$220,004,449$46,618,798$29,002,079$126,451,236
97$242,383,592$48,841,808$29,912,337$137,967,791
98$267,043,476$51,171,814$30,851,158$150,604,262
99$294,216,676$53,613,998$31,819,438$164,472,604
100$324,159,488$56,173,795$32,818,099$179,696,089