Can I retire at age 66 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$966,175$957,569$949,172$940,977$932,974$907,843
2 years$478,304$469,397$460,763$452,393$444,274$419,133
3 years$315,702$306,756$298,144$289,852$281,865$257,503
4 years$234,417$225,498$216,973$208,822$201,029$177,632
5 years$185,659$176,793$168,380$160,396$152,819$130,452
6 years$153,164$144,365$136,076$128,270$120,920$99,605
7 years$129,962$121,237$113,080$105,458$98,341$78,078
8 years$112,569$103,923$95,901$88,466$81,583$62,362
9 years$99,048$90,484$82,599$75,353$68,705$50,508
10 years$88,237$79,757$72,012$64,955$58,540$41,345
11 years$79,398$71,003$63,398$56,530$50,346$34,126
12 years$72,038$63,728$56,264$49,585$43,629$28,353
13 years$65,814$57,592$50,268$43,776$38,045$23,682
14 years$60,484$52,349$45,166$38,859$33,350$19,866
15 years$55,870$47,822$40,779$34,656$29,364$16,724
16 years$51,835$43,876$36,972$31,030$25,952$14,120
17 years$48,280$40,408$33,643$27,881$23,011$11,950
18 years$45,122$37,339$30,712$25,126$20,460$10,135
19 years$42,301$34,605$28,115$22,704$18,237$8,609
20 years$39,765$32,157$25,803$20,562$16,289$7,324
21 years$37,473$29,953$23,734$18,662$14,577$6,238
22 years$35,392$27,960$21,874$16,968$13,066$5,319
23 years$33,495$26,150$20,197$15,453$11,729$4,539
24 years$31,759$24,501$18,679$14,094$10,542$3,876
25 years$30,164$22,993$17,300$12,871$9,487$3,312
26 years$28,695$21,610$16,045$11,769$8,545$2,832
27 years$27,336$20,337$14,899$10,772$7,704$2,422
28 years$26,077$19,164$13,851$9,870$6,952$2,072
29 years$24,906$18,079$12,889$9,051$6,277$1,774
30 years$23,816$17,074$12,006$8,306$5,672$1,519
31 years$22,798$16,140$11,193$7,629$5,128$1,301
32 years$21,846$15,272$10,443$7,011$4,638$1,114
33 years$20,953$14,463$9,751$6,447$4,198$955
34 years$20,114$13,707$9,111$5,932$3,801$818
35 years$19,326$13,001$8,518$5,461$3,442$701
36 years$18,582$12,340$7,968$5,029$3,119$601
37 years$17,881$11,720$7,458$4,634$2,827$515
38 years$17,218$11,138$6,984$4,271$2,563$441
39 years$16,590$10,592$6,543$3,938$2,324$378
40 years$15,996$10,077$6,133$3,632$2,108$324
41 years$15,432$9,592$5,751$3,351$1,912$278
42 years$14,896$9,135$5,395$3,093$1,735$238
43 years$14,386$8,704$5,062$2,855$1,575$204
44 years$13,901$8,297$4,752$2,636$1,430$175
45 years$13,439$7,912$4,462$2,435$1,298$150
46 years$12,998$7,548$4,190$2,249$1,178$129
47 years$12,578$7,203$3,937$2,078$1,070$111
48 years$12,176$6,876$3,700$1,920$972$95
49 years$11,791$6,566$3,477$1,774$883$81
50 years$11,423$6,272$3,269$1,640$802$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,700,000, adding $6,991 every year, while hoping to spend $23,102 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: 63/22/15 Blend
65$11,700,000$11,700,000$11,700,000$11,700,000
66$12,900,611$12,280,511$12,099,161$13,665,570
67$14,191,893$12,857,676$12,479,903$14,756,823
68$15,614,112$13,462,347$12,872,625$15,944,702
69$17,180,598$14,095,849$13,277,705$17,241,312
70$18,906,042$14,759,569$13,695,530$18,657,231
71$20,806,631$15,454,961$14,126,504$20,204,097
72$22,900,204$16,183,550$14,571,038$21,894,709
73$25,206,417$16,946,937$15,029,560$23,743,149
74$27,746,931$17,746,796$15,502,510$25,764,912
75$30,545,616$18,584,887$15,990,342$27,977,045
76$33,628,774$19,463,052$16,493,524$30,398,306
77$37,025,391$20,383,223$17,012,539$33,049,341
78$40,767,407$21,347,427$17,547,885$35,952,868
79$44,890,019$22,357,788$18,100,076$39,133,895
80$49,432,015$23,416,533$18,669,642$42,619,945
81$54,436,135$24,525,998$19,257,130$46,441,316
82$59,949,480$25,688,631$19,863,103$50,631,360
83$66,023,954$26,907,001$20,488,144$55,226,795
84$72,716,752$28,183,799$21,132,852$60,268,044
85$80,090,904$29,521,848$21,797,845$65,799,613
86$88,215,866$30,924,108$22,483,763$71,870,506
87$97,168,178$32,393,683$23,191,263$78,534,679
88$107,032,187$33,933,828$23,921,024$85,851,546
89$117,900,839$35,547,955$24,673,748$93,886,535
90$129,876,562$37,239,642$25,450,156$102,711,693
91$143,072,229$39,012,642$26,250,993$112,406,366
92$157,612,223$40,870,889$27,077,029$123,057,935
93$173,633,616$42,818,508$27,929,055$134,762,639
94$191,287,457$44,859,827$28,807,891$147,626,471
95$210,740,200$46,999,382$29,714,378$161,766,170
96$232,175,279$49,241,929$30,649,388$177,310,321
97$255,794,832$51,592,459$31,613,817$194,400,550
98$281,821,616$54,056,200$32,608,591$213,192,859
99$310,501,107$56,638,640$33,634,665$233,859,087
100$342,103,817$59,345,531$34,693,024$256,588,521