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%12.9%
1 years$916,628$908,463$900,497$892,722$885,130$874,432
2 years$453,776$445,325$437,134$429,193$421,490$410,724
3 years$299,512$291,025$282,855$274,988$267,411$256,911
4 years$222,396$213,934$205,846$198,114$190,720$180,567
5 years$176,138$167,727$159,745$152,170$144,982$135,206
6 years$145,309$136,962$129,098$121,692$114,719$105,331
7 years$123,297$115,020$107,281$100,049$93,298$84,302
8 years$106,796$98,593$90,983$83,929$77,399$68,795
9 years$93,968$85,843$78,363$71,489$65,181$56,965
10 years$83,712$75,667$68,319$61,624$55,538$47,703
11 years$75,327$67,362$60,147$53,631$47,764$40,305
12 years$68,343$60,460$53,379$47,042$41,392$34,300
13 years$62,439$54,638$47,690$41,531$36,094$29,360
14 years$57,383$49,665$42,850$36,867$31,640$25,255
15 years$53,004$45,370$38,688$32,879$27,858$21,811
16 years$49,177$41,626$35,076$29,439$24,621$18,901
17 years$45,804$38,336$31,918$26,451$21,831$16,427
18 years$42,808$35,424$29,137$23,838$19,411$14,312
19 years$40,132$32,831$26,673$21,539$17,302$12,496
20 years$37,725$30,508$24,480$19,508$15,454$10,929
21 years$35,551$28,417$22,517$17,705$13,830$9,575
22 years$33,577$26,526$20,752$16,098$12,396$8,399
23 years$31,778$24,809$19,161$14,660$11,128$7,377
24 years$30,131$23,245$17,721$13,371$10,002$6,485
25 years$28,618$21,814$16,413$12,211$9,000$5,707
26 years$27,223$20,502$15,222$11,165$8,107$5,026
27 years$25,934$19,294$14,135$10,220$7,309$4,429
28 years$24,739$18,181$13,141$9,364$6,595$3,905
29 years$23,629$17,152$12,228$8,587$5,955$3,446
30 years$22,595$16,198$11,390$7,880$5,381$3,041
31 years$21,629$15,312$10,619$7,238$4,865$2,685
32 years$20,726$14,489$9,908$6,652$4,401$2,372
33 years$19,878$13,721$9,251$6,117$3,983$2,096
34 years$19,083$13,004$8,643$5,628$3,606$1,853
35 years$18,335$12,334$8,081$5,181$3,266$1,638
36 years$17,629$11,707$7,560$4,771$2,959$1,448
37 years$16,964$11,119$7,076$4,396$2,682$1,281
38 years$16,335$10,567$6,626$4,052$2,431$1,133
39 years$15,740$10,048$6,208$3,736$2,205$1,003
40 years$15,175$9,560$5,819$3,446$2,000$887
41 years$14,640$9,100$5,456$3,179$1,814$785
42 years$14,132$8,667$5,118$2,934$1,646$695
43 years$13,649$8,258$4,802$2,709$1,494$615
44 years$13,188$7,871$4,508$2,501$1,356$544
45 years$12,750$7,506$4,233$2,310$1,231$482
46 years$12,332$7,161$3,976$2,134$1,118$427
47 years$11,933$6,833$3,735$1,971$1,015$378
48 years$11,551$6,523$3,510$1,821$922$334
49 years$11,186$6,229$3,299$1,683$837$296
50 years$10,837$5,951$3,102$1,556$760$262

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 $3,508 every year, while hoping to spend $47,018 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: 56/36/8 Blend
65$11,100,000$11,100,000$11,100,000$11,100,000
66$12,235,819$11,647,519$11,475,469$12,898,049
67$13,433,845$12,168,220$11,809,870$13,865,815
68$14,752,495$12,712,860$12,153,898$14,913,825
69$16,204,021$13,282,562$12,507,825$16,054,121
70$17,801,926$13,878,503$12,871,933$17,295,506
71$19,561,089$14,501,915$13,246,508$18,647,649
72$21,497,901$15,154,091$13,631,848$20,121,181
73$23,630,429$15,836,383$14,028,256$21,727,785
74$25,978,576$16,550,209$14,436,046$23,480,306
75$28,564,276$17,297,055$14,855,539$25,392,867
76$31,411,698$18,078,476$15,287,066$27,480,999
77$34,547,474$18,896,104$15,730,965$29,761,781
78$38,000,950$19,751,647$16,187,586$32,253,997
79$41,804,465$20,646,895$16,657,288$34,978,310
80$45,993,651$21,583,724$17,140,438$37,957,449
81$50,607,776$22,564,099$17,637,415$41,216,419
82$55,690,109$23,590,080$18,148,608$44,782,733
83$61,288,330$24,663,824$18,674,417$48,686,665
84$67,454,982$25,787,594$19,215,252$52,961,526
85$74,247,963$26,963,758$19,771,536$57,643,978
86$81,731,074$28,194,801$20,343,700$62,774,365
87$89,974,621$29,483,324$20,932,192$68,397,098
88$99,056,079$30,832,054$21,537,468$74,561,053
89$109,060,824$32,243,850$22,159,998$81,320,037
90$120,082,936$33,721,705$22,800,265$88,733,278
91$132,226,087$35,268,760$23,458,765$96,865,983
92$145,604,522$36,888,304$24,136,008$105,789,938
93$160,344,135$38,583,783$24,832,517$115,584,182
94$176,583,660$40,358,811$25,548,829$126,335,737
95$194,475,975$42,217,175$26,285,497$138,140,425
96$214,189,552$44,162,844$27,043,088$151,103,758
97$235,910,039$46,199,976$27,822,185$165,341,923
98$259,842,020$48,332,932$28,623,385$180,982,870
99$286,210,942$50,566,282$29,447,305$198,167,502
100$315,265,243$52,904,815$30,294,574$217,050,997