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%16.3%
1 years$924,886$916,647$908,609$900,764$893,104$870,101
2 years$457,864$449,337$441,073$433,060$425,287$402,266
3 years$302,211$293,647$285,403$277,466$269,820$247,499
4 years$224,399$215,861$207,700$199,898$192,438$170,990
5 years$177,725$169,238$161,184$153,541$146,288$125,773
6 years$146,618$138,195$130,261$122,788$115,753$96,190
7 years$124,408$116,056$108,247$100,951$94,138$75,529
8 years$107,758$99,482$91,802$84,685$78,097$60,432
9 years$94,815$86,617$79,069$72,133$65,769$49,034
10 years$84,467$76,348$68,934$62,179$56,038$40,213
11 years$76,005$67,969$60,689$54,115$48,195$33,256
12 years$68,959$61,005$53,860$47,466$41,764$27,685
13 years$63,002$55,131$48,120$41,905$36,419$23,171
14 years$57,900$50,112$43,236$37,199$31,925$19,477
15 years$53,482$45,778$39,036$33,175$28,109$16,431
16 years$49,620$42,001$35,392$29,704$24,843$13,903
17 years$46,216$38,681$32,205$26,689$22,028$11,792
18 years$43,194$35,743$29,399$24,052$19,586$10,023
19 years$40,493$33,126$26,914$21,733$17,457$8,533
20 years$38,065$30,783$24,700$19,684$15,593$7,276
21 years$35,871$28,673$22,719$17,864$13,954$6,212
22 years$33,880$26,765$20,939$16,243$12,508$5,308
23 years$32,064$25,033$19,334$14,793$11,228$4,541
24 years$30,402$23,454$17,881$13,492$10,092$3,887
25 years$28,875$22,010$16,561$12,321$9,081$3,329
26 years$27,468$20,686$15,359$11,266$8,180$2,853
27 years$26,168$19,468$14,263$10,312$7,375$2,446
28 years$24,962$18,345$13,259$9,448$6,655$2,098
29 years$23,842$17,306$12,339$8,664$6,009$1,801
30 years$22,798$16,344$11,493$7,951$5,429$1,546
31 years$21,824$15,450$10,715$7,303$4,909$1,327
32 years$20,912$14,619$9,997$6,711$4,440$1,139
33 years$20,058$13,845$9,334$6,172$4,018$979
34 years$19,255$13,122$8,721$5,679$3,638$841
35 years$18,500$12,446$8,154$5,227$3,295$722
36 years$17,788$11,813$7,628$4,814$2,986$621
37 years$17,117$11,219$7,139$4,436$2,706$533
38 years$16,482$10,662$6,686$4,089$2,453$458
39 years$15,881$10,139$6,264$3,770$2,225$394
40 years$15,312$9,646$5,871$3,477$2,018$339
41 years$14,772$9,182$5,505$3,208$1,831$291
42 years$14,259$8,745$5,164$2,961$1,661$250
43 years$13,771$8,332$4,846$2,733$1,508$215
44 years$13,307$7,942$4,549$2,524$1,368$185
45 years$12,865$7,574$4,271$2,331$1,242$159
46 years$12,443$7,225$4,011$2,153$1,128$137
47 years$12,040$6,895$3,769$1,989$1,024$117
48 years$11,655$6,582$3,541$1,838$930$101
49 years$11,287$6,286$3,329$1,698$845$87
50 years$10,935$6,004$3,130$1,570$767$75

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 $2,292 every year, while hoping to spend $44,737 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: 28/48/24 Blend
65$11,200,000$11,200,000$11,200,000$11,200,000
66$12,344,764$11,751,164$11,577,564$12,597,604
67$13,556,330$12,279,371$11,917,813$13,324,806
68$14,889,977$12,831,961$12,267,960$14,101,497
69$16,358,109$13,410,082$12,628,291$14,935,068
70$17,974,394$14,014,934$12,999,098$15,830,416
71$19,753,896$14,647,779$13,380,681$16,792,896
72$21,713,209$15,309,936$13,773,349$17,828,370
73$23,870,621$16,002,788$14,177,421$18,943,257
74$26,246,284$16,727,784$14,593,224$20,144,586
75$28,862,400$17,486,441$15,021,093$21,440,054
76$31,743,439$18,280,351$15,461,374$22,838,100
77$34,916,362$19,111,180$15,914,422$24,347,970
78$38,410,879$19,980,675$16,380,602$25,979,800
79$42,259,727$20,890,667$16,860,291$27,744,708
80$46,498,982$21,843,073$17,353,874$29,654,887
81$51,168,397$22,839,902$17,861,748$31,723,714
82$56,311,778$23,883,262$18,384,320$33,965,866
83$61,977,397$24,975,359$18,922,012$36,397,454
84$68,218,445$26,118,505$19,475,254$39,036,164
85$75,093,540$27,315,126$20,044,488$41,901,411
86$82,667,275$28,567,761$20,630,172$45,014,520
87$91,010,827$29,879,071$21,232,773$48,398,909
88$100,202,634$31,251,848$21,852,774$52,080,306
89$110,329,129$32,689,015$22,490,668$56,086,976
90$121,485,561$34,193,637$23,146,966$60,449,978
91$133,776,888$35,768,926$23,822,189$65,203,446
92$147,318,774$37,418,247$24,516,876$70,384,896
93$162,238,678$39,145,129$25,231,580$76,035,572
94$178,677,053$40,953,270$25,966,868$82,200,815
95$196,788,678$42,846,546$26,723,324$88,930,480
96$216,744,116$44,829,020$27,501,548$96,279,391
97$238,731,322$46,904,949$28,302,157$104,307,840
98$262,957,422$49,078,796$29,125,784$113,082,142
99$289,650,663$51,355,241$29,973,081$122,675,243
100$319,062,569$53,739,186$30,844,718$133,167,389