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

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$924,886$916,647$908,609$900,764$893,104$875,788
2 years$457,864$449,337$441,073$433,060$425,287$407,912
3 years$302,211$293,647$285,403$277,466$269,820$252,927
4 years$224,399$215,861$207,700$199,898$192,438$176,158
5 years$177,725$169,238$161,184$153,541$146,288$130,667
6 years$146,618$138,195$130,261$122,788$115,753$100,808
7 years$124,408$116,056$108,247$100,951$94,138$79,873
8 years$107,758$99,482$91,802$84,685$78,097$64,507
9 years$94,815$86,617$79,069$72,133$65,769$52,846
10 years$84,467$76,348$68,934$62,179$56,038$43,771
11 years$76,005$67,969$60,689$54,115$48,195$36,568
12 years$68,959$61,005$53,860$47,466$41,764$30,761
13 years$63,002$55,131$48,120$41,905$36,419$26,022
14 years$57,900$50,112$43,236$37,199$31,925$22,114
15 years$53,482$45,778$39,036$33,175$28,109$18,865
16 years$49,620$42,001$35,392$29,704$24,843$16,144
17 years$46,216$38,681$32,205$26,689$22,028$13,852
18 years$43,194$35,743$29,399$24,052$19,586$11,913
19 years$40,493$33,126$26,914$21,733$17,457$10,264
20 years$38,065$30,783$24,700$19,684$15,593$8,858
21 years$35,871$28,673$22,719$17,864$13,954$7,655
22 years$33,880$26,765$20,939$16,243$12,508$6,624
23 years$32,064$25,033$19,334$14,793$11,228$5,737
24 years$30,402$23,454$17,881$13,492$10,092$4,973
25 years$28,875$22,010$16,561$12,321$9,081$4,315
26 years$27,468$20,686$15,359$11,266$8,180$3,746
27 years$26,168$19,468$14,263$10,312$7,375$3,253
28 years$24,962$18,345$13,259$9,448$6,655$2,827
29 years$23,842$17,306$12,339$8,664$6,009$2,458
30 years$22,798$16,344$11,493$7,951$5,429$2,138
31 years$21,824$15,450$10,715$7,303$4,909$1,860
32 years$20,912$14,619$9,997$6,711$4,440$1,618
33 years$20,058$13,845$9,334$6,172$4,018$1,409
34 years$19,255$13,122$8,721$5,679$3,638$1,227
35 years$18,500$12,446$8,154$5,227$3,295$1,068
36 years$17,788$11,813$7,628$4,814$2,986$930
37 years$17,117$11,219$7,139$4,436$2,706$810
38 years$16,482$10,662$6,686$4,089$2,453$706
39 years$15,881$10,139$6,264$3,770$2,225$615
40 years$15,312$9,646$5,871$3,477$2,018$536
41 years$14,772$9,182$5,505$3,208$1,831$467
42 years$14,259$8,745$5,164$2,961$1,661$407
43 years$13,771$8,332$4,846$2,733$1,508$355
44 years$13,307$7,942$4,549$2,524$1,368$309
45 years$12,865$7,574$4,271$2,331$1,242$269
46 years$12,443$7,225$4,011$2,153$1,128$235
47 years$12,040$6,895$3,769$1,989$1,024$205
48 years$11,655$6,582$3,541$1,838$930$178
49 years$11,287$6,286$3,329$1,698$845$155
50 years$10,935$6,004$3,130$1,570$767$136

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 $6,800 every year, while hoping to spend $59,663 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: 35/35/30 Blend
65$11,200,000$11,200,000$11,200,000$11,200,000
66$12,349,414$11,755,814$11,582,214$12,669,941
67$13,545,573$12,268,368$11,906,737$13,424,536
68$14,861,741$12,804,038$12,240,132$14,232,348
69$16,310,096$13,363,892$12,582,634$15,102,851
70$17,904,055$13,949,052$12,934,481$16,041,706
71$19,658,403$14,560,690$13,295,921$17,055,124
72$21,589,430$15,200,035$13,667,205$18,149,916
73$23,715,088$15,868,372$14,048,592$19,333,558
74$26,055,154$16,567,049$14,440,347$20,614,256
75$28,631,422$17,297,477$14,842,741$22,001,017
76$31,467,907$18,061,133$15,256,052$23,503,734
77$34,591,070$18,859,565$15,680,566$25,133,269
78$38,030,069$19,694,393$16,116,575$26,901,554
79$41,817,033$20,567,315$16,564,377$28,821,698
80$45,987,365$21,480,110$17,024,279$30,908,103
81$50,580,080$22,434,638$17,496,596$33,176,598
82$55,638,164$23,432,851$17,981,648$35,644,579
83$61,208,989$24,476,793$18,479,765$38,331,171
84$67,344,753$25,568,603$18,991,284$41,257,397
85$74,102,977$26,710,524$19,516,552$44,446,373
86$81,547,046$27,904,905$20,055,922$47,923,518
87$89,746,805$29,154,206$20,609,755$51,716,789
88$98,779,221$30,461,004$21,178,424$55,856,932
89$108,729,108$31,828,000$21,762,308$60,377,771
90$119,689,928$33,258,022$22,361,796$65,316,511
91$131,764,670$34,754,035$22,977,285$70,714,090
92$145,066,827$36,319,143$23,609,185$76,615,546
93$159,721,461$37,956,599$24,257,911$83,070,441
94$175,866,390$39,669,812$24,923,890$90,133,315
95$193,653,482$41,462,353$25,607,561$97,864,190
96$213,250,091$43,337,962$26,309,368$106,329,128
97$234,840,640$45,300,562$27,029,771$115,600,841
98$258,628,354$47,354,258$27,769,237$125,759,367
99$284,837,185$49,503,355$28,528,246$136,892,814
100$313,713,922$51,752,364$29,307,286$149,098,176