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%13.9%
1 years$933,143$924,831$916,722$908,807$901,078$886,515
2 years$461,952$453,349$445,011$436,926$429,085$414,453
3 years$304,909$296,268$287,951$279,943$272,229$257,984
4 years$226,403$217,789$209,555$201,683$194,156$180,407
5 years$179,311$170,749$162,623$154,912$147,594$134,381
6 years$147,927$139,429$131,424$123,884$116,786$104,124
7 years$125,519$117,093$109,214$101,852$94,979$82,872
8 years$108,720$100,370$92,622$85,441$78,794$67,240
9 years$95,662$87,390$79,775$72,777$66,356$55,348
10 years$85,221$77,030$69,550$62,734$56,538$46,069
11 years$76,684$68,575$61,231$54,598$48,625$38,682
12 years$69,575$61,550$54,341$47,890$42,137$32,708
13 years$63,564$55,623$48,550$42,279$36,745$27,815
14 years$58,417$50,560$43,622$37,531$32,210$23,766
15 years$53,959$46,187$39,385$33,471$28,360$20,386
16 years$50,063$42,376$35,708$29,970$25,065$17,544
17 years$46,629$39,027$32,493$26,927$22,224$15,140
18 years$43,580$36,062$29,662$24,267$19,761$13,096
19 years$40,855$33,422$27,154$21,927$17,613$11,351
20 years$38,405$31,057$24,921$19,859$15,732$9,855
21 years$36,192$28,929$22,922$18,024$14,079$8,568
22 years$34,182$27,004$21,126$16,388$12,620$7,459
23 years$32,350$25,256$19,506$14,925$11,328$6,501
24 years$30,673$23,664$18,040$13,612$10,182$5,671
25 years$29,133$22,207$16,709$12,431$9,162$4,951
26 years$27,714$20,871$15,497$11,367$8,253$4,326
27 years$26,402$19,642$14,390$10,404$7,441$3,782
28 years$25,185$18,509$13,377$9,532$6,714$3,308
29 years$24,055$17,461$12,449$8,741$6,063$2,895
30 years$23,002$16,490$11,596$8,022$5,478$2,534
31 years$22,019$15,588$10,810$7,368$4,953$2,219
32 years$21,099$14,750$10,086$6,771$4,480$1,944
33 years$20,237$13,968$9,417$6,227$4,054$1,704
34 years$19,427$13,239$8,799$5,729$3,671$1,493
35 years$18,665$12,557$8,227$5,274$3,325$1,309
36 years$17,947$11,918$7,696$4,857$3,012$1,148
37 years$17,269$11,320$7,203$4,475$2,730$1,007
38 years$16,629$10,758$6,745$4,125$2,475$883
39 years$16,023$10,229$6,320$3,803$2,245$774
40 years$15,449$9,732$5,923$3,508$2,036$679
41 years$14,904$9,264$5,554$3,237$1,847$596
42 years$14,387$8,823$5,210$2,987$1,676$523
43 years$13,894$8,407$4,889$2,757$1,521$459
44 years$13,426$8,013$4,589$2,546$1,381$403
45 years$12,980$7,641$4,309$2,351$1,253$353
46 years$12,554$7,290$4,047$2,172$1,138$310
47 years$12,148$6,956$3,802$2,007$1,033$272
48 years$11,759$6,641$3,573$1,854$938$239
49 years$11,388$6,342$3,358$1,714$852$210
50 years$11,033$6,058$3,157$1,584$774$184

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 $4,124 every year, while hoping to spend $58,419 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: 44/31/25 Blend
65$11,300,000$11,300,000$11,300,000$11,300,000
66$12,456,854$11,857,954$11,682,804$12,914,421
67$13,665,296$12,376,836$12,012,020$13,758,712
68$14,995,040$12,919,186$12,350,308$14,667,384
69$16,458,400$13,486,091$12,697,908$15,651,239
70$18,068,938$14,078,691$13,055,070$16,717,289
71$19,841,603$14,698,180$13,422,048$17,873,235
72$21,792,863$15,345,807$13,799,103$19,127,537
73$23,940,865$16,022,882$14,186,503$20,489,489
74$26,305,604$16,730,775$14,584,522$21,969,304
75$28,909,115$17,470,921$14,993,442$23,578,204
76$31,775,674$18,244,826$15,413,552$25,328,525
77$34,932,034$19,054,064$15,845,147$27,233,827
78$38,407,673$19,900,284$16,288,531$29,309,019
79$42,235,073$20,785,215$16,744,014$31,570,494
80$46,450,027$21,710,668$17,211,915$34,036,277
81$51,091,976$22,678,537$17,692,561$36,726,193
82$56,204,381$23,690,809$18,186,285$39,662,050
83$61,835,134$24,749,564$18,693,432$42,867,834
84$68,037,008$25,856,983$19,214,352$46,369,933
85$74,868,155$27,015,348$19,749,405$50,197,380
86$82,392,658$28,227,051$20,298,961$54,382,120
87$90,681,130$29,494,598$20,863,398$58,959,306
88$99,811,387$30,820,614$21,443,102$63,967,622
89$109,869,173$32,207,849$22,038,472$69,449,642
90$120,948,981$33,659,185$22,649,912$75,452,225
91$133,154,932$35,177,641$23,277,840$82,026,948
92$146,601,770$36,766,380$23,922,682$89,230,586
93$161,415,933$38,428,716$24,584,875$97,125,637
94$177,736,756$40,168,120$25,264,866$105,780,908
95$195,717,779$41,988,232$25,963,113$115,272,148
96$215,528,201$43,892,864$26,680,085$125,682,759
97$237,354,472$45,886,009$27,416,263$137,104,572
98$261,402,059$47,971,854$28,172,138$149,638,701
99$287,897,379$50,154,785$28,948,215$163,396,488
100$317,089,939$52,439,397$29,745,007$178,500,542