Can I retire at age 66 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$933,143$924,831$916,722$908,807$901,078$889,081
2 years$461,952$453,349$445,011$436,926$429,085$417,017
3 years$304,909$296,268$287,951$279,943$272,229$260,466
4 years$226,403$217,789$209,555$201,683$194,156$182,788
5 years$179,311$170,749$162,623$154,912$147,594$136,655
6 years$147,927$139,429$131,424$123,884$116,786$106,288
7 years$125,519$117,093$109,214$101,852$94,979$84,925
8 years$108,720$100,370$92,622$85,441$78,794$69,184
9 years$95,662$87,390$79,775$72,777$66,356$57,186
10 years$85,221$77,030$69,550$62,734$56,538$47,801
11 years$76,684$68,575$61,231$54,598$48,625$40,313
12 years$69,575$61,550$54,341$47,890$42,137$34,240
13 years$63,564$55,623$48,550$42,279$36,745$29,253
14 years$58,417$50,560$43,622$37,531$32,210$25,112
15 years$53,959$46,187$39,385$33,471$28,360$21,643
16 years$50,063$42,376$35,708$29,970$25,065$18,717
17 years$46,629$39,027$32,493$26,927$22,224$16,233
18 years$43,580$36,062$29,662$24,267$19,761$14,112
19 years$40,855$33,422$27,154$21,927$17,613$12,294
20 years$38,405$31,057$24,921$19,859$15,732$10,730
21 years$36,192$28,929$22,922$18,024$14,079$9,378
22 years$34,182$27,004$21,126$16,388$12,620$8,208
23 years$32,350$25,256$19,506$14,925$11,328$7,193
24 years$30,673$23,664$18,040$13,612$10,182$6,309
25 years$29,133$22,207$16,709$12,431$9,162$5,538
26 years$27,714$20,871$15,497$11,367$8,253$4,866
27 years$26,402$19,642$14,390$10,404$7,441$4,278
28 years$25,185$18,509$13,377$9,532$6,714$3,763
29 years$24,055$17,461$12,449$8,741$6,063$3,312
30 years$23,002$16,490$11,596$8,022$5,478$2,916
31 years$22,019$15,588$10,810$7,368$4,953$2,568
32 years$21,099$14,750$10,086$6,771$4,480$2,263
33 years$20,237$13,968$9,417$6,227$4,054$1,995
34 years$19,427$13,239$8,799$5,729$3,671$1,759
35 years$18,665$12,557$8,227$5,274$3,325$1,551
36 years$17,947$11,918$7,696$4,857$3,012$1,368
37 years$17,269$11,320$7,203$4,475$2,730$1,207
38 years$16,629$10,758$6,745$4,125$2,475$1,065
39 years$16,023$10,229$6,320$3,803$2,245$940
40 years$15,449$9,732$5,923$3,508$2,036$829
41 years$14,904$9,264$5,554$3,237$1,847$732
42 years$14,387$8,823$5,210$2,987$1,676$646
43 years$13,894$8,407$4,889$2,757$1,521$570
44 years$13,426$8,013$4,589$2,546$1,381$504
45 years$12,980$7,641$4,309$2,351$1,253$445
46 years$12,554$7,290$4,047$2,172$1,138$393
47 years$12,148$6,956$3,802$2,007$1,033$347
48 years$11,759$6,641$3,573$1,854$938$306
49 years$11,388$6,342$3,358$1,714$852$270
50 years$11,033$6,058$3,157$1,584$774$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,300,000, adding $2,591 every year, while hoping to spend $58,869 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: 46/30/24 Blend
65$11,300,000$11,300,000$11,300,000$11,300,000
66$12,455,273$11,856,373$11,681,223$12,942,252
67$13,663,074$12,374,699$12,009,907$13,803,704
68$14,992,099$12,916,450$12,347,630$14,731,808
69$16,454,648$13,482,711$12,694,631$15,737,618
70$18,064,279$14,074,621$13,051,158$16,828,425
71$19,835,926$14,693,368$13,417,462$18,012,237
72$21,786,048$15,340,200$13,793,805$19,297,855
73$23,932,778$16,016,423$14,180,450$20,694,947
74$26,296,098$16,723,405$14,577,672$22,214,140
75$28,898,025$17,462,577$14,985,749$23,867,117
76$31,762,820$18,235,440$15,404,969$25,666,718
77$34,917,216$19,043,564$15,835,623$27,627,063
78$38,390,670$19,888,597$16,278,015$29,763,676
79$42,215,641$20,772,261$16,732,451$32,093,631
80$46,427,896$21,696,361$17,199,248$34,635,706
81$51,066,849$22,662,790$17,678,730$37,410,555
82$56,175,929$23,673,528$18,171,228$40,440,901
83$61,802,993$24,730,651$18,677,084$43,751,740
84$68,000,777$25,836,331$19,196,645$47,370,576
85$74,827,393$26,992,848$19,730,269$51,327,672
86$82,346,875$28,202,585$20,278,321$55,656,331
87$90,629,787$29,468,043$20,841,176$60,393,203
88$99,753,888$30,791,839$21,419,217$65,578,624
89$109,804,862$32,176,718$22,012,839$71,256,991
90$120,877,133$33,625,551$22,622,444$77,477,172
91$133,074,748$35,141,351$23,248,444$84,292,964
92$146,512,367$36,727,272$23,891,261$91,763,584
93$161,316,339$38,386,619$24,551,329$99,954,232
94$177,625,897$40,122,855$25,229,090$108,936,686
95$195,594,472$41,939,608$25,924,998$118,789,979
96$215,391,139$43,840,680$26,639,516$129,601,129
97$237,202,216$45,830,054$27,373,121$141,465,958
98$261,233,021$47,911,905$28,126,299$154,489,978
99$287,709,807$50,090,606$28,899,548$168,789,384
100$316,881,902$52,370,741$29,693,378$184,492,134