Can I retire at age 66 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$924,886$916,647$908,609$900,764$893,104$877,947
2 years$457,864$449,337$441,073$433,060$425,287$410,064
3 years$302,211$293,647$285,403$277,466$269,820$255,004
4 years$224,399$215,861$207,700$199,898$192,438$178,143
5 years$177,725$169,238$161,184$153,541$146,288$132,556
6 years$146,618$138,195$130,261$122,788$115,753$102,599
7 years$124,408$116,056$108,247$100,951$94,138$81,566
8 years$107,758$99,482$91,802$84,685$78,097$66,104
9 years$94,815$86,617$79,069$72,133$65,769$54,349
10 years$84,467$76,348$68,934$62,179$56,038$45,181
11 years$76,005$67,969$60,689$54,115$48,195$37,889
12 years$68,959$61,005$53,860$47,466$41,764$31,997
13 years$63,002$55,131$48,120$41,905$36,419$27,175
14 years$57,900$50,112$43,236$37,199$31,925$23,187
15 years$53,482$45,778$39,036$33,175$28,109$19,862
16 years$49,620$42,001$35,392$29,704$24,843$17,069
17 years$46,216$38,681$32,205$26,689$22,028$14,709
18 years$43,194$35,743$29,399$24,052$19,586$12,705
19 years$40,493$33,126$26,914$21,733$17,457$10,996
20 years$38,065$30,783$24,700$19,684$15,593$9,532
21 years$35,871$28,673$22,719$17,864$13,954$8,275
22 years$33,880$26,765$20,939$16,243$12,508$7,193
23 years$32,064$25,033$19,334$14,793$11,228$6,260
24 years$30,402$23,454$17,881$13,492$10,092$5,452
25 years$28,875$22,010$16,561$12,321$9,081$4,752
26 years$27,468$20,686$15,359$11,266$8,180$4,145
27 years$26,168$19,468$14,263$10,312$7,375$3,618
28 years$24,962$18,345$13,259$9,448$6,655$3,160
29 years$23,842$17,306$12,339$8,664$6,009$2,760
30 years$22,798$16,344$11,493$7,951$5,429$2,413
31 years$21,824$15,450$10,715$7,303$4,909$2,109
32 years$20,912$14,619$9,997$6,711$4,440$1,845
33 years$20,058$13,845$9,334$6,172$4,018$1,614
34 years$19,255$13,122$8,721$5,679$3,638$1,412
35 years$18,500$12,446$8,154$5,227$3,295$1,236
36 years$17,788$11,813$7,628$4,814$2,986$1,082
37 years$17,117$11,219$7,139$4,436$2,706$947
38 years$16,482$10,662$6,686$4,089$2,453$829
39 years$15,881$10,139$6,264$3,770$2,225$726
40 years$15,312$9,646$5,871$3,477$2,018$636
41 years$14,772$9,182$5,505$3,208$1,831$557
42 years$14,259$8,745$5,164$2,961$1,661$488
43 years$13,771$8,332$4,846$2,733$1,508$427
44 years$13,307$7,942$4,549$2,524$1,368$374
45 years$12,865$7,574$4,271$2,331$1,242$328
46 years$12,443$7,225$4,011$2,153$1,128$287
47 years$12,040$6,895$3,769$1,989$1,024$252
48 years$11,655$6,582$3,541$1,838$930$221
49 years$11,287$6,286$3,329$1,698$845$193
50 years$10,935$6,004$3,130$1,570$767$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,200,000, adding $3,969 every year, while hoping to spend $51,552 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: 45/50/5 Blend
65$11,200,000$11,200,000$11,200,000$11,200,000
66$12,346,494$11,752,894$11,579,294$12,885,084
67$13,550,985$12,273,935$11,912,349$13,777,137
68$14,876,607$12,818,779$12,254,834$14,738,106
69$16,335,660$13,388,538$12,607,010$15,778,816
70$17,941,698$13,984,377$12,969,146$16,906,614
71$19,709,656$14,607,516$13,341,517$18,129,559
72$21,655,989$15,259,233$13,724,406$19,456,498
73$23,798,831$15,940,866$14,118,104$20,897,139
74$26,158,161$16,653,818$14,522,910$22,462,143
75$28,755,996$17,399,558$14,939,131$24,163,213
76$31,616,596$18,179,625$15,367,080$26,013,203
77$34,766,694$18,995,631$15,807,081$28,026,233
78$38,235,745$19,849,265$16,259,467$30,217,814
79$42,056,209$20,742,297$16,724,577$32,604,987
80$46,263,853$21,676,580$17,202,762$35,206,481
81$50,898,092$22,654,058$17,694,380$38,042,877
82$56,002,355$23,676,765$18,199,799$41,136,801
83$61,624,502$24,746,834$18,719,400$44,513,123
84$67,817,270$25,866,497$19,253,568$48,199,188
85$74,638,773$27,038,097$19,802,705$52,225,064
86$82,153,050$28,264,086$20,367,217$56,623,814
87$90,430,669$29,547,034$20,947,526$61,431,803
88$99,549,392$30,889,633$21,544,063$66,689,028
89$109,594,910$32,294,706$22,157,270$72,439,488
90$120,661,654$33,765,209$22,787,601$78,731,583
91$132,853,679$35,304,240$23,435,522$85,618,566
92$146,285,653$36,915,047$24,101,511$93,159,027
93$161,083,937$38,601,032$24,786,059$101,417,440
94$177,387,776$40,365,760$25,489,670$110,464,752
95$195,350,615$42,212,968$26,212,859$120,379,043
96$215,141,546$44,146,572$26,956,159$131,246,248
97$236,946,905$46,170,676$27,720,111$143,160,951
98$260,972,030$48,289,579$28,505,275$156,227,264
99$287,443,198$50,507,789$29,312,223$170,559,792
100$316,609,764$52,830,031$30,141,542$186,284,699