Can I retire at age 66 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$941,401$933,016$924,835$916,849$909,052$876,798
2 years$466,040$457,361$448,949$440,793$432,882$400,730
3 years$307,607$298,890$290,500$282,420$274,638$243,599
4 years$228,406$219,716$211,409$203,468$195,874$166,185
5 years$180,898$172,260$164,062$156,283$148,900$120,640
6 years$149,236$140,663$132,587$124,981$117,820$91,008
7 years$126,630$118,129$110,180$102,754$95,819$70,451
8 years$109,682$101,258$93,442$86,197$79,491$55,545
9 years$96,508$88,163$80,481$73,421$66,943$44,388
10 years$85,975$77,712$70,165$63,290$57,039$35,837
11 years$77,362$69,182$61,772$55,081$49,055$29,162
12 years$70,191$62,094$54,821$48,313$42,510$23,879
13 years$64,127$56,115$48,979$42,653$37,070$19,650
14 years$58,934$51,007$44,008$37,863$32,495$16,234
15 years$54,437$46,596$39,733$33,767$28,611$13,455
16 years$50,506$42,751$36,024$30,235$25,287$11,181
17 years$47,042$39,372$32,781$27,166$22,421$9,312
18 years$43,965$36,381$29,924$24,482$19,936$7,769
19 years$41,216$33,718$27,394$22,121$17,769$6,491
20 years$38,745$31,332$25,141$20,035$15,872$5,430
21 years$36,512$29,185$23,125$18,183$14,203$4,547
22 years$34,485$27,243$21,313$16,533$12,731$3,811
23 years$32,637$25,480$19,679$15,057$11,428$3,196
24 years$30,945$23,873$18,200$13,733$10,272$2,682
25 years$29,391$22,404$16,857$12,541$9,243$2,252
26 years$27,959$21,056$15,634$11,467$8,326$1,891
27 years$26,635$19,816$14,517$10,496$7,507$1,589
28 years$25,408$18,672$13,496$9,617$6,773$1,336
29 years$24,268$17,615$12,559$8,819$6,116$1,123
30 years$23,205$16,636$11,698$8,093$5,526$944
31 years$22,214$15,726$10,906$7,433$4,996$794
32 years$21,286$14,880$10,175$6,831$4,520$668
33 years$20,416$14,092$9,501$6,282$4,090$562
34 years$19,599$13,356$8,877$5,780$3,703$473
35 years$18,830$12,668$8,299$5,321$3,354$398
36 years$18,106$12,024$7,764$4,900$3,039$335
37 years$17,422$11,420$7,267$4,515$2,754$282
38 years$16,776$10,853$6,805$4,162$2,497$237
39 years$16,165$10,320$6,376$3,837$2,264$199
40 years$15,586$9,819$5,976$3,539$2,054$168
41 years$15,036$9,346$5,603$3,265$1,863$141
42 years$14,514$8,901$5,256$3,014$1,691$119
43 years$14,017$8,481$4,932$2,782$1,535$100
44 years$13,545$8,084$4,630$2,569$1,393$84
45 years$13,095$7,709$4,347$2,372$1,264$71
46 years$12,665$7,354$4,083$2,191$1,148$60
47 years$12,255$7,018$3,836$2,024$1,043$50
48 years$11,863$6,700$3,605$1,871$947$42
49 years$11,489$6,398$3,388$1,729$860$36
50 years$11,130$6,111$3,185$1,598$781$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,400,000, adding $3,329 every year, while hoping to spend $32,590 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: 68/19/13 Blend
65$11,400,000$11,400,000$11,400,000$11,400,000
66$12,566,234$11,962,034$11,785,334$13,383,919
67$13,813,314$12,513,498$12,145,467$14,479,894
68$15,186,504$13,090,892$12,516,572$15,673,938
69$16,698,633$13,695,451$12,898,983$16,979,034
70$18,363,837$14,328,471$13,293,042$18,406,079
71$20,197,693$14,991,311$13,699,104$19,967,064
72$22,217,366$15,685,393$14,117,532$21,675,184
73$24,441,770$16,412,210$14,548,702$23,544,961
74$26,891,747$17,173,325$14,993,000$25,592,377
75$29,590,265$17,970,378$15,450,825$27,835,023
76$32,562,632$18,805,086$15,922,588$30,292,261
77$35,836,737$19,679,251$16,408,710$32,985,407
78$39,443,310$20,594,761$16,909,629$35,937,923
79$43,416,218$21,553,594$17,425,791$39,175,643
80$47,792,778$22,557,826$17,957,661$42,727,006
81$52,614,112$23,609,630$18,505,713$46,623,325
82$57,925,535$24,711,286$19,070,439$50,899,079
83$63,776,985$25,865,185$19,652,344$55,592,231
84$70,223,489$27,073,830$20,251,948$60,744,587
85$77,325,685$28,339,848$20,869,789$66,402,182
86$85,150,397$29,665,992$21,506,419$72,615,715
87$93,771,260$31,055,148$22,162,406$79,441,016
88$103,269,420$32,510,342$22,838,338$86,939,575
89$113,734,297$34,034,745$23,534,819$95,179,114
90$125,264,431$35,631,683$24,252,471$104,234,221
91$137,968,409$37,304,642$24,991,935$114,187,047
92$151,965,894$39,057,277$25,753,872$125,128,081
93$167,388,751$40,893,419$26,538,963$137,156,992
94$184,382,293$42,817,086$27,347,907$150,383,567
95$203,106,652$44,832,488$28,181,427$164,928,740
96$223,738,293$46,944,043$29,040,268$180,925,726
97$246,471,676$49,156,378$29,925,194$198,521,272
98$271,521,095$51,474,349$30,836,996$217,877,035
99$299,122,698$53,903,043$31,776,487$239,171,098
100$329,536,718$56,447,797$32,744,503$262,599,645