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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$957,917$949,385$941,060$932,934$925,000$911,930
2 years$474,216$465,385$456,825$448,526$440,476$427,334
3 years$313,004$304,134$295,596$287,375$279,456$266,650
4 years$232,413$223,571$215,118$207,038$199,311$186,939
5 years$184,072$175,282$166,941$159,025$151,513$139,612
6 years$151,855$143,131$134,913$127,173$119,887$108,470
7 years$128,851$120,201$112,113$104,556$97,500$86,572
8 years$111,607$103,035$95,081$87,710$80,886$70,445
9 years$98,201$89,710$81,893$74,709$68,118$58,159
10 years$87,483$79,075$71,396$64,400$58,040$48,556
11 years$78,720$70,396$62,856$56,047$49,916$40,898
12 years$71,422$63,184$55,783$49,161$43,256$34,693
13 years$65,252$57,100$49,839$43,402$37,720$29,601
14 years$59,968$51,902$44,780$38,527$33,065$25,376
15 years$55,392$47,413$40,431$34,360$29,113$21,842
16 years$51,392$43,501$36,656$30,765$25,730$18,862
17 years$47,867$40,063$33,356$27,642$22,814$16,336
18 years$44,737$37,020$30,449$24,911$20,285$14,181
19 years$41,939$34,309$27,875$22,509$18,081$12,336
20 years$39,425$31,882$25,582$20,387$16,150$10,750
21 years$37,153$29,697$23,531$18,502$14,453$9,383
22 years$35,090$27,721$21,687$16,823$12,955$8,199
23 years$33,209$25,927$20,024$15,321$11,629$7,174
24 years$31,488$24,292$18,519$13,973$10,452$6,282
25 years$29,907$22,797$17,152$12,761$9,405$5,507
26 years$28,449$21,425$15,908$11,668$8,472$4,830
27 years$27,102$20,164$14,772$10,680$7,638$4,240
28 years$25,854$19,000$13,732$9,785$6,892$3,723
29 years$24,694$17,924$12,779$8,973$6,223$3,272
30 years$23,613$16,928$11,903$8,235$5,623$2,876
31 years$22,603$16,002$11,097$7,564$5,084$2,529
32 years$21,659$15,141$10,354$6,951$4,599$2,225
33 years$20,774$14,339$9,667$6,392$4,162$1,958
34 years$19,943$13,590$9,033$5,881$3,768$1,723
35 years$19,160$12,890$8,445$5,414$3,413$1,517
36 years$18,423$12,235$7,900$4,986$3,092$1,336
37 years$17,728$11,620$7,394$4,594$2,803$1,176
38 years$17,071$11,043$6,924$4,235$2,541$1,036
39 years$16,449$10,501$6,487$3,904$2,304$913
40 years$15,859$9,991$6,081$3,601$2,090$804
41 years$15,300$9,510$5,702$3,323$1,896$709
42 years$14,768$9,057$5,348$3,066$1,720$624
43 years$14,263$8,630$5,019$2,831$1,561$550
44 years$13,782$8,226$4,711$2,614$1,417$485
45 years$13,324$7,844$4,423$2,414$1,287$428
46 years$12,887$7,483$4,155$2,230$1,168$377
47 years$12,470$7,141$3,903$2,060$1,061$332
48 years$12,072$6,817$3,668$1,903$963$293
49 years$11,690$6,510$3,448$1,759$875$258
50 years$11,326$6,219$3,241$1,626$795$228

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 $2,829 every year, while hoping to spend $40,287 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: 40/36/24 Blend
65$11,600,000$11,600,000$11,600,000$11,600,000
66$12,786,118$12,171,318$11,991,518$13,206,680
67$14,047,437$12,724,848$12,350,369$14,063,757
68$15,436,060$13,304,150$12,719,891$14,986,376
69$16,964,930$13,910,445$13,100,399$15,983,737
70$18,648,309$14,545,012$13,492,218$17,062,690
71$20,501,909$15,209,191$13,895,681$18,230,751
72$22,543,049$15,904,386$14,311,131$19,496,169
73$24,790,808$16,632,069$14,738,921$20,867,997
74$27,266,212$17,393,782$15,179,417$22,356,177
75$29,992,430$18,191,142$15,632,991$23,971,625
76$32,994,991$19,025,841$16,100,030$25,726,329
77$36,302,028$19,899,656$16,580,930$27,633,460
78$39,944,543$20,814,446$17,076,098$29,707,485
79$43,956,694$21,772,162$17,585,955$31,964,305
80$48,376,126$22,774,847$18,110,934$34,421,390
81$53,244,319$23,824,643$18,651,478$37,097,946
82$58,606,983$24,923,794$19,208,047$40,015,081
83$64,514,489$26,074,654$19,781,110$43,196,006
84$71,022,343$27,279,688$20,371,153$46,666,239
85$78,191,711$28,541,481$20,978,675$50,453,841
86$86,089,994$29,862,742$21,604,189$54,589,675
87$94,791,468$31,246,311$22,248,224$59,107,684
88$104,377,981$32,695,164$22,911,324$64,045,206
89$114,939,729$34,212,421$23,594,047$69,443,316
90$126,576,104$35,801,352$24,296,970$75,347,205
91$139,396,634$37,465,385$25,020,686$81,806,594
92$153,522,015$39,208,114$25,765,803$88,876,194
93$169,085,254$41,033,304$26,532,951$96,616,213
94$186,232,918$42,944,905$27,322,773$105,092,909
95$205,126,525$44,947,055$28,135,935$114,379,206
96$225,944,062$47,044,092$28,973,121$124,555,371
97$248,881,669$49,240,564$29,835,032$135,709,753
98$274,155,488$51,541,241$30,722,395$147,939,609
99$302,003,704$53,951,119$31,635,952$161,352,003
100$332,688,797$56,475,438$32,576,471$176,064,804