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%17%
1 years$957,917$949,385$941,060$932,934$925,000$898,632
2 years$474,216$465,385$456,825$448,526$440,476$414,116
3 years$313,004$304,134$295,596$287,375$279,456$253,930
4 years$232,413$223,571$215,118$207,038$199,311$174,814
5 years$184,072$175,282$166,941$159,025$151,513$128,112
6 years$151,855$143,131$134,913$127,173$119,887$97,605
7 years$128,851$120,201$112,113$104,556$97,500$76,336
8 years$111,607$103,035$95,081$87,710$80,886$60,828
9 years$98,201$89,710$81,893$74,709$68,118$49,147
10 years$87,483$79,075$71,396$64,400$58,040$40,130
11 years$78,720$70,396$62,856$56,047$49,916$33,038
12 years$71,422$63,184$55,783$49,161$43,256$27,377
13 years$65,252$57,100$49,839$43,402$37,720$22,806
14 years$59,968$51,902$44,780$38,527$33,065$19,078
15 years$55,392$47,413$40,431$34,360$29,113$16,016
16 years$51,392$43,501$36,656$30,765$25,730$13,483
17 years$47,867$40,063$33,356$27,642$22,814$11,378
18 years$44,737$37,020$30,449$24,911$20,285$9,621
19 years$41,939$34,309$27,875$22,509$18,081$8,148
20 years$39,425$31,882$25,582$20,387$16,150$6,911
21 years$37,153$29,697$23,531$18,502$14,453$5,868
22 years$35,090$27,721$21,687$16,823$12,955$4,988
23 years$33,209$25,927$20,024$15,321$11,629$4,243
24 years$31,488$24,292$18,519$13,973$10,452$3,612
25 years$29,907$22,797$17,152$12,761$9,405$3,076
26 years$28,449$21,425$15,908$11,668$8,472$2,622
27 years$27,102$20,164$14,772$10,680$7,638$2,235
28 years$25,854$19,000$13,732$9,785$6,892$1,906
29 years$24,694$17,924$12,779$8,973$6,223$1,626
30 years$23,613$16,928$11,903$8,235$5,623$1,388
31 years$22,603$16,002$11,097$7,564$5,084$1,185
32 years$21,659$15,141$10,354$6,951$4,599$1,011
33 years$20,774$14,339$9,667$6,392$4,162$864
34 years$19,943$13,590$9,033$5,881$3,768$738
35 years$19,160$12,890$8,445$5,414$3,413$630
36 years$18,423$12,235$7,900$4,986$3,092$538
37 years$17,728$11,620$7,394$4,594$2,803$460
38 years$17,071$11,043$6,924$4,235$2,541$393
39 years$16,449$10,501$6,487$3,904$2,304$336
40 years$15,859$9,991$6,081$3,601$2,090$287
41 years$15,300$9,510$5,702$3,323$1,896$245
42 years$14,768$9,057$5,348$3,066$1,720$209
43 years$14,263$8,630$5,019$2,831$1,561$179
44 years$13,782$8,226$4,711$2,614$1,417$153
45 years$13,324$7,844$4,423$2,414$1,287$131
46 years$12,887$7,483$4,155$2,230$1,168$112
47 years$12,470$7,141$3,903$2,060$1,061$95
48 years$12,072$6,817$3,668$1,903$963$82
49 years$11,690$6,510$3,448$1,759$875$70
50 years$11,326$6,219$3,241$1,626$795$60

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 $6,061 every year, while hoping to spend $46,776 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: 60/18/22 Blend
65$11,600,000$11,600,000$11,600,000$11,600,000
66$12,789,452$12,174,652$11,994,852$13,481,989
67$14,044,207$12,721,441$12,346,910$14,499,260
68$15,425,379$13,293,454$12,709,195$15,602,993
69$16,945,813$13,891,879$13,081,998$16,806,188
70$18,619,664$14,517,959$13,465,623$18,118,509
71$20,462,527$15,172,996$13,860,379$19,550,583
72$22,491,587$15,858,355$14,266,584$21,114,103
73$24,725,781$16,575,467$14,684,566$22,821,935
74$27,185,974$17,325,828$15,114,662$24,688,235
75$29,895,158$18,111,009$15,557,219$26,728,581
76$32,878,671$18,932,654$16,012,592$28,960,116
77$36,164,429$19,792,488$16,481,148$31,401,709
78$39,783,197$20,692,316$16,963,262$34,074,127
79$43,768,873$21,634,031$17,459,322$37,000,231
80$48,158,815$22,619,614$17,969,726$40,205,185
81$52,994,184$23,651,145$18,494,882$43,716,691
82$58,320,341$24,730,801$19,035,210$47,565,248
83$64,187,269$25,860,864$19,591,143$51,784,435
84$70,650,049$27,043,725$20,163,125$56,411,224
85$77,769,376$28,281,890$20,751,612$61,486,323
86$85,612,135$29,577,985$21,357,073$67,054,560
87$94,252,029$30,934,763$21,979,992$73,165,296
88$103,770,277$32,355,107$22,620,863$79,872,892
89$114,256,380$33,842,042$23,280,196$87,237,211
90$125,808,964$35,398,735$23,958,515$95,324,184
91$138,536,711$37,028,506$24,656,359$104,206,420
92$152,559,389$38,734,836$25,374,280$113,963,893
93$168,008,976$40,521,372$26,112,848$124,684,685
94$185,030,909$42,391,937$26,872,646$136,465,814
95$203,785,457$44,350,538$27,654,275$149,414,144
96$224,449,234$46,401,374$28,458,353$163,647,384
97$247,216,862$48,548,847$29,285,514$179,295,196
98$272,302,812$50,797,572$30,136,410$196,500,406
99$299,943,430$53,152,383$31,011,710$215,420,353
100$330,399,161$55,618,351$31,912,104$236,228,356