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%16.5%
1 years$916,628$908,463$900,497$892,722$885,130$861,635
2 years$453,776$445,325$437,134$429,193$421,490$397,984
3 years$299,512$291,025$282,855$274,988$267,411$244,628
4 years$222,396$213,934$205,846$198,114$190,720$168,836
5 years$176,138$167,727$159,745$152,170$144,982$124,057
6 years$145,309$136,962$129,098$121,692$114,719$94,774
7 years$123,297$115,020$107,281$100,049$93,298$74,333
8 years$106,796$98,593$90,983$83,929$77,399$59,406
9 years$93,968$85,843$78,363$71,489$65,181$48,143
10 years$83,712$75,667$68,319$61,624$55,538$39,433
11 years$75,327$67,362$60,147$53,631$47,764$32,569
12 years$68,343$60,460$53,379$47,042$41,392$27,078
13 years$62,439$54,638$47,690$41,531$36,094$22,632
14 years$57,383$49,665$42,850$36,867$31,640$18,998
15 years$53,004$45,370$38,688$32,879$27,858$16,005
16 years$49,177$41,626$35,076$29,439$24,621$13,522
17 years$45,804$38,336$31,918$26,451$21,831$11,453
18 years$42,808$35,424$29,137$23,838$19,411$9,720
19 years$40,132$32,831$26,673$21,539$17,302$8,263
20 years$37,725$30,508$24,480$19,508$15,454$7,035
21 years$35,551$28,417$22,517$17,705$13,830$5,997
22 years$33,577$26,526$20,752$16,098$12,396$5,117
23 years$31,778$24,809$19,161$14,660$11,128$4,370
24 years$30,131$23,245$17,721$13,371$10,002$3,735
25 years$28,618$21,814$16,413$12,211$9,000$3,194
26 years$27,223$20,502$15,222$11,165$8,107$2,733
27 years$25,934$19,294$14,135$10,220$7,309$2,339
28 years$24,739$18,181$13,141$9,364$6,595$2,003
29 years$23,629$17,152$12,228$8,587$5,955$1,716
30 years$22,595$16,198$11,390$7,880$5,381$1,471
31 years$21,629$15,312$10,619$7,238$4,865$1,260
32 years$20,726$14,489$9,908$6,652$4,401$1,081
33 years$19,878$13,721$9,251$6,117$3,983$927
34 years$19,083$13,004$8,643$5,628$3,606$795
35 years$18,335$12,334$8,081$5,181$3,266$682
36 years$17,629$11,707$7,560$4,771$2,959$585
37 years$16,964$11,119$7,076$4,396$2,682$502
38 years$16,335$10,567$6,626$4,052$2,431$430
39 years$15,740$10,048$6,208$3,736$2,205$369
40 years$15,175$9,560$5,819$3,446$2,000$317
41 years$14,640$9,100$5,456$3,179$1,814$272
42 years$14,132$8,667$5,118$2,934$1,646$233
43 years$13,649$8,258$4,802$2,709$1,494$200
44 years$13,188$7,871$4,508$2,501$1,356$172
45 years$12,750$7,506$4,233$2,310$1,231$147
46 years$12,332$7,161$3,976$2,134$1,118$127
47 years$11,933$6,833$3,735$1,971$1,015$109
48 years$11,551$6,523$3,510$1,821$922$93
49 years$11,186$6,229$3,299$1,683$837$80
50 years$10,837$5,951$3,102$1,556$760$69

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 $4,985 every year, while hoping to spend $24,790 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: 36/39/25 Blend
65$11,100,000$11,100,000$11,100,000$11,100,000
66$12,237,342$11,649,042$11,476,992$12,585,576
67$13,459,175$12,193,469$11,835,095$13,387,580
68$14,804,803$12,763,741$12,204,363$14,250,185
69$16,286,829$13,361,101$12,585,145$15,180,959
70$17,919,137$13,986,846$12,977,799$16,186,036
71$19,717,029$14,642,342$13,382,695$17,272,139
72$21,697,365$15,329,016$13,800,215$18,446,640
73$23,878,725$16,048,366$14,230,751$19,717,625
74$26,281,584$16,801,965$14,674,710$21,093,964
75$28,928,501$17,591,457$15,132,508$22,585,388
76$31,844,339$18,418,569$15,604,579$24,202,579
77$35,056,495$19,285,112$16,091,365$25,957,260
78$38,595,157$20,192,982$16,593,325$27,862,304
79$42,493,594$21,144,169$17,110,933$29,931,844
80$46,788,466$22,140,759$17,644,675$32,181,404
81$51,520,172$23,184,939$18,195,053$34,628,034
82$56,733,229$24,279,000$18,762,587$37,290,469
83$62,476,695$25,425,348$19,347,811$40,189,291
84$68,804,630$26,626,502$19,951,274$43,347,121
85$75,776,606$27,885,105$20,573,546$46,788,820
86$83,458,272$29,203,927$21,215,212$50,541,718
87$91,921,971$30,585,874$21,876,876$54,635,858
88$101,247,421$32,033,991$22,559,161$59,104,274
89$111,522,474$33,551,473$23,262,709$63,983,292
90$122,843,939$35,141,667$23,988,182$69,312,857
91$135,318,497$36,808,085$24,736,262$75,136,906
92$149,063,711$38,554,409$25,507,654$81,503,767
93$164,209,133$40,384,498$26,303,084$88,466,602
94$180,897,527$42,302,401$27,123,300$96,083,898
95$199,286,218$44,312,362$27,969,074$104,420,004
96$219,548,575$46,418,831$28,841,201$113,545,727
97$241,875,650$48,626,474$29,740,502$123,538,981
98$266,477,981$50,940,185$30,667,823$134,485,512
99$293,587,576$53,365,095$31,624,035$146,479,686
100$323,460,108$55,906,584$32,610,040$159,625,368