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%11.4%
1 years$957,917$949,385$941,060$932,934$925,000$919,556
2 years$474,216$465,385$456,825$448,526$440,476$434,984
3 years$313,004$304,134$295,596$287,375$279,456$274,086
4 years$232,413$223,571$215,118$207,038$199,311$194,103
5 years$184,072$175,282$166,941$159,025$151,513$146,484
6 years$151,855$143,131$134,913$127,173$119,887$115,043
7 years$128,851$120,201$112,113$104,556$97,500$92,843
8 years$111,607$103,035$95,081$87,710$80,886$76,416
9 years$98,201$89,710$81,893$74,709$68,118$63,834
10 years$87,483$79,075$71,396$64,400$58,040$53,941
11 years$78,720$70,396$62,856$56,047$49,916$45,999
12 years$71,422$63,184$55,783$49,161$43,256$39,517
13 years$65,252$57,100$49,839$43,402$37,720$34,155
14 years$59,968$51,902$44,780$38,527$33,065$29,671
15 years$55,392$47,413$40,431$34,360$29,113$25,885
16 years$51,392$43,501$36,656$30,765$25,730$22,663
17 years$47,867$40,063$33,356$27,642$22,814$19,904
18 years$44,737$37,020$30,449$24,911$20,285$17,526
19 years$41,939$34,309$27,875$22,509$18,081$15,468
20 years$39,425$31,882$25,582$20,387$16,150$13,679
21 years$37,153$29,697$23,531$18,502$14,453$12,117
22 years$35,090$27,721$21,687$16,823$12,955$10,750
23 years$33,209$25,927$20,024$15,321$11,629$9,550
24 years$31,488$24,292$18,519$13,973$10,452$8,493
25 years$29,907$22,797$17,152$12,761$9,405$7,561
26 years$28,449$21,425$15,908$11,668$8,472$6,738
27 years$27,102$20,164$14,772$10,680$7,638$6,009
28 years$25,854$19,000$13,732$9,785$6,892$5,362
29 years$24,694$17,924$12,779$8,973$6,223$4,789
30 years$23,613$16,928$11,903$8,235$5,623$4,279
31 years$22,603$16,002$11,097$7,564$5,084$3,825
32 years$21,659$15,141$10,354$6,951$4,599$3,421
33 years$20,774$14,339$9,667$6,392$4,162$3,060
34 years$19,943$13,590$9,033$5,881$3,768$2,739
35 years$19,160$12,890$8,445$5,414$3,413$2,452
36 years$18,423$12,235$7,900$4,986$3,092$2,196
37 years$17,728$11,620$7,394$4,594$2,803$1,967
38 years$17,071$11,043$6,924$4,235$2,541$1,762
39 years$16,449$10,501$6,487$3,904$2,304$1,579
40 years$15,859$9,991$6,081$3,601$2,090$1,415
41 years$15,300$9,510$5,702$3,323$1,896$1,269
42 years$14,768$9,057$5,348$3,066$1,720$1,138
43 years$14,263$8,630$5,019$2,831$1,561$1,020
44 years$13,782$8,226$4,711$2,614$1,417$915
45 years$13,324$7,844$4,423$2,414$1,287$820
46 years$12,887$7,483$4,155$2,230$1,168$736
47 years$12,470$7,141$3,903$2,060$1,061$660
48 years$12,072$6,817$3,668$1,903$963$592
49 years$11,690$6,510$3,448$1,759$875$531
50 years$11,326$6,219$3,241$1,626$795$477

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 $6,617 every year, while hoping to spend $50,029 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: 42/35/23 Blend
65$11,600,000$11,600,000$11,600,000$11,600,000
66$12,790,025$12,175,225$11,995,425$13,240,780
67$14,041,378$12,718,581$12,344,042$14,106,382
68$15,418,691$13,286,884$12,702,660$15,037,869
69$16,934,761$13,881,305$13,071,562$16,045,615
70$18,603,685$14,503,068$13,451,039$17,136,665
71$20,441,000$15,153,457$13,841,387$18,318,751
72$22,463,823$15,833,817$14,242,914$19,600,361
73$24,691,015$16,545,557$14,655,935$20,990,820
74$27,143,362$17,290,152$15,080,771$22,500,365
75$29,843,764$18,069,149$15,517,757$24,140,242
76$32,817,459$18,884,168$15,967,232$25,922,810
77$36,092,254$19,736,906$16,429,549$27,861,643
78$39,698,791$20,629,142$16,905,066$29,971,665
79$43,670,837$21,562,739$17,394,155$32,269,276
80$48,045,599$22,539,650$17,897,196$34,772,503
81$52,864,077$23,561,920$18,414,579$37,501,168
82$58,171,451$24,631,692$18,946,705$40,477,065
83$64,017,507$25,751,214$19,493,989$43,724,158
84$70,457,107$26,922,838$20,056,852$47,268,806
85$77,550,706$28,149,030$20,635,730$51,139,999
86$85,364,921$29,432,376$21,231,070$55,369,624
87$93,973,164$30,775,583$21,843,331$59,992,764
88$103,456,329$32,181,489$22,472,986$65,048,014
89$113,903,561$33,653,069$23,120,517$70,577,840
90$125,413,094$35,193,438$23,786,424$76,628,973
91$138,093,177$36,805,864$24,471,216$83,252,835
92$152,063,099$38,493,769$25,175,420$90,506,020
93$167,454,312$40,260,741$25,899,573$98,450,814
94$184,411,673$42,110,539$26,644,231$107,155,775
95$203,094,811$44,047,103$27,409,960$116,696,368
96$223,679,633$46,074,562$28,197,345$127,155,665
97$246,359,986$48,197,246$29,006,986$138,625,117
98$271,349,483$50,419,689$29,839,499$151,205,406
99$298,883,523$52,746,647$30,695,515$165,007,380
100$329,221,512$55,183,102$31,575,684$180,153,086