Can I retire at age 66 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$949,659$941,200$932,947$924,892$917,026$889,453
2 years$470,128$461,373$452,887$444,660$436,679$409,132
3 years$310,306$301,512$293,048$284,898$277,047$250,390
4 years$230,410$221,643$213,264$205,253$197,592$172,029
5 years$182,485$173,771$165,501$157,654$150,207$125,806
6 years$150,546$141,897$133,750$126,077$118,853$95,638
7 years$127,741$119,165$111,147$103,655$96,660$74,628
8 years$110,645$102,146$94,261$86,953$80,188$59,328
9 years$97,355$88,937$81,187$74,065$67,530$47,818
10 years$86,729$78,393$70,781$63,845$57,539$38,947
11 years$78,041$69,789$62,314$55,564$49,486$31,982
12 years$70,806$62,639$55,302$48,737$42,883$26,432
13 years$64,689$56,607$49,409$43,028$37,395$21,959
14 years$59,451$51,454$44,394$38,195$32,780$18,319
15 years$54,914$47,005$40,082$34,063$28,862$15,335
16 years$50,949$43,126$36,340$30,500$25,509$12,873
17 years$47,454$39,717$33,068$27,404$22,618$10,832
18 years$44,351$36,701$30,187$24,697$20,111$9,132
19 years$41,578$34,014$27,635$22,315$17,925$7,711
20 years$39,085$31,607$25,362$20,211$16,011$6,520
21 years$36,832$29,441$23,328$18,343$14,328$5,519
22 years$34,787$27,482$21,500$16,678$12,843$4,676
23 years$32,923$25,703$19,852$15,189$11,529$3,965
24 years$31,216$24,082$18,359$13,853$10,362$3,365
25 years$29,649$22,600$17,005$12,651$9,324$2,857
26 years$28,204$21,240$15,771$11,568$8,399$2,427
27 years$26,869$19,990$14,645$10,588$7,572$2,062
28 years$25,631$18,836$13,614$9,701$6,833$1,753
29 years$24,481$17,770$12,669$8,896$6,170$1,491
30 years$23,409$16,782$11,801$8,164$5,575$1,268
31 years$22,408$15,864$11,002$7,498$5,040$1,079
32 years$21,472$15,011$10,265$6,891$4,559$918
33 years$20,595$14,215$9,584$6,337$4,126$781
34 years$19,771$13,473$8,955$5,831$3,736$665
35 years$18,995$12,779$8,372$5,367$3,384$566
36 years$18,265$12,129$7,832$4,943$3,066$482
37 years$17,575$11,520$7,331$4,555$2,779$410
38 years$16,923$10,948$6,865$4,198$2,519$349
39 years$16,307$10,410$6,432$3,871$2,284$297
40 years$15,722$9,905$6,028$3,570$2,072$253
41 years$15,168$9,428$5,653$3,294$1,880$216
42 years$14,641$8,979$5,302$3,040$1,706$184
43 years$14,140$8,555$4,976$2,806$1,548$156
44 years$13,664$8,155$4,670$2,591$1,405$133
45 years$13,209$7,777$4,385$2,393$1,276$113
46 years$12,776$7,419$4,119$2,210$1,158$97
47 years$12,363$7,080$3,870$2,042$1,052$82
48 years$11,967$6,758$3,636$1,887$955$70
49 years$11,590$6,454$3,418$1,744$867$60
50 years$11,228$6,165$3,213$1,612$788$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,500,000, adding $2,969 every year, while hoping to spend $25,434 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: 66/13/21 Blend
65$11,500,000$11,500,000$11,500,000$11,500,000
66$12,676,063$12,066,563$11,888,313$13,445,004
67$13,941,959$12,630,763$12,259,509$14,525,650
68$15,336,125$13,221,756$12,642,289$15,703,394
69$16,871,617$13,840,829$13,037,012$16,990,350
70$18,562,821$14,489,329$13,444,052$18,397,248
71$20,425,593$15,168,670$13,863,792$19,935,895
72$22,477,403$15,880,334$14,296,628$21,619,285
73$24,737,501$16,625,874$14,742,969$23,461,722
74$27,227,104$17,406,919$15,203,235$25,478,947
75$29,969,586$18,225,176$15,677,861$27,688,291
76$32,990,709$19,082,435$16,167,295$30,108,831
77$36,318,860$19,980,572$16,671,998$32,761,569
78$39,985,319$20,921,556$17,192,445$35,669,630
79$44,024,559$21,907,449$17,729,129$38,858,472
80$48,474,564$22,940,415$18,282,555$42,356,128
81$53,377,194$24,022,719$18,853,245$46,193,465
82$58,778,576$25,156,741$19,441,738$50,404,475
83$64,729,542$26,344,973$20,048,587$55,026,588
84$71,286,106$27,590,027$20,674,366$60,101,025
85$78,509,996$28,894,645$21,319,664$65,673,184
86$86,469,232$30,261,700$21,985,089$71,793,062
87$95,238,775$31,694,204$22,671,270$78,515,725
88$104,901,225$33,195,315$23,378,853$85,901,823
89$115,547,610$34,768,345$24,108,505$94,018,158
90$127,278,240$36,416,768$24,860,913$102,938,311
91$140,203,655$38,144,224$25,636,788$112,743,329
92$154,445,667$39,954,531$26,436,860$123,522,489
93$170,138,514$41,851,691$27,261,884$135,374,135
94$187,430,122$43,839,904$28,112,636$148,406,597
95$206,483,504$45,923,569$28,989,920$162,739,213
96$227,478,300$48,107,303$29,894,561$178,503,446
97$250,612,470$50,395,944$30,827,412$195,844,123
98$276,104,164$52,794,567$31,789,352$214,920,791
99$304,193,781$55,308,493$32,781,288$235,909,220
100$335,146,239$57,943,302$33,804,153$259,003,054