Can I retire at age 66 with 11,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$957,917$949,385$941,060$932,934$925,000$890,411
2 years$474,216$465,385$456,825$448,526$440,476$406,024
3 years$313,004$304,134$295,596$287,375$279,456$246,225
4 years$232,413$223,571$215,118$207,038$199,311$167,554
5 years$184,072$175,282$166,941$159,025$151,513$121,312
6 years$151,855$143,131$134,913$127,173$119,887$91,264
7 years$128,851$120,201$112,113$104,556$97,500$70,447
8 years$111,607$103,035$95,081$87,710$80,886$55,378
9 years$98,201$89,710$81,893$74,709$68,118$44,119
10 years$87,483$79,075$71,396$64,400$58,040$35,507
11 years$78,720$70,396$62,856$56,047$49,916$28,800
12 years$71,422$63,184$55,783$49,161$43,256$23,504
13 years$65,252$57,100$49,839$43,402$37,720$19,275
14 years$59,968$51,902$44,780$38,527$33,065$15,869
15 years$55,392$47,413$40,431$34,360$29,113$13,106
16 years$51,392$43,501$36,656$30,765$25,730$10,852
17 years$47,867$40,063$33,356$27,642$22,814$9,004
18 years$44,737$37,020$30,449$24,911$20,285$7,484
19 years$41,939$34,309$27,875$22,509$18,081$6,229
20 years$39,425$31,882$25,582$20,387$16,150$5,191
21 years$37,153$29,697$23,531$18,502$14,453$4,330
22 years$35,090$27,721$21,687$16,823$12,955$3,615
23 years$33,209$25,927$20,024$15,321$11,629$3,020
24 years$31,488$24,292$18,519$13,973$10,452$2,524
25 years$29,907$22,797$17,152$12,761$9,405$2,111
26 years$28,449$21,425$15,908$11,668$8,472$1,766
27 years$27,102$20,164$14,772$10,680$7,638$1,478
28 years$25,854$19,000$13,732$9,785$6,892$1,237
29 years$24,694$17,924$12,779$8,973$6,223$1,036
30 years$23,613$16,928$11,903$8,235$5,623$867
31 years$22,603$16,002$11,097$7,564$5,084$726
32 years$21,659$15,141$10,354$6,951$4,599$608
33 years$20,774$14,339$9,667$6,392$4,162$510
34 years$19,943$13,590$9,033$5,881$3,768$427
35 years$19,160$12,890$8,445$5,414$3,413$358
36 years$18,423$12,235$7,900$4,986$3,092$300
37 years$17,728$11,620$7,394$4,594$2,803$251
38 years$17,071$11,043$6,924$4,235$2,541$211
39 years$16,449$10,501$6,487$3,904$2,304$176
40 years$15,859$9,991$6,081$3,601$2,090$148
41 years$15,300$9,510$5,702$3,323$1,896$124
42 years$14,768$9,057$5,348$3,066$1,720$104
43 years$14,263$8,630$5,019$2,831$1,561$87
44 years$13,782$8,226$4,711$2,614$1,417$73
45 years$13,324$7,844$4,423$2,414$1,287$61
46 years$12,887$7,483$4,155$2,230$1,168$51
47 years$12,470$7,141$3,903$2,060$1,061$43
48 years$12,072$6,817$3,668$1,903$963$36
49 years$11,690$6,510$3,448$1,759$875$30
50 years$11,326$6,219$3,241$1,626$795$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,600,000, adding $3,211 every year, while hoping to spend $33,053 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: 50/37/13 Blend
65$11,600,000$11,600,000$11,600,000$11,600,000
66$12,786,512$12,171,712$11,991,912$13,380,505
67$14,055,568$12,732,958$12,358,473$14,349,668
68$15,452,960$13,320,597$12,736,206$15,398,543
69$16,991,744$13,935,888$13,125,450$16,537,606
70$18,686,304$14,580,149$13,526,556$17,775,343
71$20,552,494$15,254,763$13,939,882$19,121,074
72$22,607,781$15,961,179$14,365,801$20,585,035
73$24,871,414$16,700,916$14,804,694$22,178,473
74$27,364,603$17,475,566$15,256,956$23,913,747
75$30,110,721$18,286,797$15,722,993$25,804,436
76$33,135,523$19,136,358$16,203,222$27,865,468
77$36,467,391$20,026,084$16,698,074$30,113,250
78$40,137,598$20,957,896$17,207,993$32,565,819
79$44,180,608$21,933,808$17,733,436$35,243,009
80$48,634,398$22,955,933$18,274,874$38,166,628
81$53,540,817$24,026,483$18,832,792$41,360,659
82$58,945,980$25,147,781$19,407,691$44,851,479
83$64,900,707$26,322,258$20,000,085$48,668,104
84$71,460,995$27,552,466$20,610,504$52,842,449
85$78,688,556$28,841,076$21,239,495$57,409,630
86$86,651,392$30,190,892$21,887,622$62,408,278
87$95,424,441$31,604,853$22,555,464$67,880,903
88$105,090,281$33,086,037$23,243,619$73,874,281
89$115,739,911$34,637,675$23,952,702$80,439,890
90$127,473,612$36,263,151$24,683,348$87,634,382
91$140,401,890$37,966,015$25,436,209$95,520,113
92$154,646,521$39,749,987$26,211,960$104,165,715
93$170,341,698$41,618,969$27,011,292$113,646,736
94$187,635,302$43,577,049$27,834,922$124,046,343
95$206,690,294$45,628,516$28,683,583$135,456,089
96$227,686,256$47,777,865$29,558,035$147,976,772
97$250,821,082$50,029,808$30,459,057$161,719,365
98$276,312,852$52,389,289$31,387,455$176,806,057
99$304,401,886$54,861,486$32,344,057$193,371,385
100$335,353,011$57,451,832$33,329,717$211,563,495