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%19%
1 years$966,175$957,569$949,172$940,977$932,974$899,157
2 years$478,304$469,397$460,763$452,393$444,274$410,574
3 years$315,702$306,756$298,144$289,852$281,865$249,343
4 years$234,417$225,498$216,973$208,822$201,029$169,932
5 years$185,659$176,793$168,380$160,396$152,819$123,230
6 years$153,164$144,365$136,076$128,270$120,920$92,860
7 years$129,962$121,237$113,080$105,458$98,341$71,802
8 years$112,569$103,923$95,901$88,466$81,583$56,544
9 years$99,048$90,484$82,599$75,353$68,705$45,131
10 years$88,237$79,757$72,012$64,955$58,540$36,390
11 years$79,398$71,003$63,398$56,530$50,346$29,574
12 years$72,038$63,728$56,264$49,585$43,629$24,184
13 years$65,814$57,592$50,268$43,776$38,045$19,873
14 years$60,484$52,349$45,166$38,859$33,350$16,396
15 years$55,870$47,822$40,779$34,656$29,364$13,570
16 years$51,835$43,876$36,972$31,030$25,952$11,261
17 years$48,280$40,408$33,643$27,881$23,011$9,364
18 years$45,122$37,339$30,712$25,126$20,460$7,801
19 years$42,301$34,605$28,115$22,704$18,237$6,508
20 years$39,765$32,157$25,803$20,562$16,289$5,436
21 years$37,473$29,953$23,734$18,662$14,577$4,545
22 years$35,392$27,960$21,874$16,968$13,066$3,803
23 years$33,495$26,150$20,197$15,453$11,729$3,184
24 years$31,759$24,501$18,679$14,094$10,542$2,668
25 years$30,164$22,993$17,300$12,871$9,487$2,236
26 years$28,695$21,610$16,045$11,769$8,545$1,875
27 years$27,336$20,337$14,899$10,772$7,704$1,573
28 years$26,077$19,164$13,851$9,870$6,952$1,320
29 years$24,906$18,079$12,889$9,051$6,277$1,108
30 years$23,816$17,074$12,006$8,306$5,672$930
31 years$22,798$16,140$11,193$7,629$5,128$781
32 years$21,846$15,272$10,443$7,011$4,638$656
33 years$20,953$14,463$9,751$6,447$4,198$551
34 years$20,114$13,707$9,111$5,932$3,801$463
35 years$19,326$13,001$8,518$5,461$3,442$389
36 years$18,582$12,340$7,968$5,029$3,119$326
37 years$17,881$11,720$7,458$4,634$2,827$274
38 years$17,218$11,138$6,984$4,271$2,563$230
39 years$16,590$10,592$6,543$3,938$2,324$194
40 years$15,996$10,077$6,133$3,632$2,108$163
41 years$15,432$9,592$5,751$3,351$1,912$137
42 years$14,896$9,135$5,395$3,093$1,735$115
43 years$14,386$8,704$5,062$2,855$1,575$96
44 years$13,901$8,297$4,752$2,636$1,430$81
45 years$13,439$7,912$4,462$2,435$1,298$68
46 years$12,998$7,548$4,190$2,249$1,178$57
47 years$12,578$7,203$3,937$2,078$1,070$48
48 years$12,176$6,876$3,700$1,920$972$40
49 years$11,791$6,566$3,477$1,774$883$34
50 years$11,423$6,272$3,269$1,640$802$29

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 $2,074 every year, while hoping to spend $46,844 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: 51/37/12 Blend
65$11,700,000$11,700,000$11,700,000$11,700,000
66$12,895,539$12,275,439$12,094,089$13,511,768
67$14,161,043$12,827,094$12,449,400$14,485,041
68$15,554,057$13,404,210$12,815,043$15,537,402
69$17,087,540$14,007,985$13,191,316$16,680,379
70$18,775,768$14,639,675$13,578,523$17,922,520
71$20,634,471$15,300,594$13,976,979$19,273,215
72$22,680,985$15,992,121$14,387,006$20,742,783
73$24,934,410$16,715,700$14,808,935$22,342,559
74$27,415,793$17,472,843$15,243,108$24,085,002
75$30,148,327$18,265,135$15,689,874$25,983,805
76$33,157,567$19,094,237$16,149,596$28,054,022
77$36,471,674$19,961,890$16,622,642$30,312,199
78$40,121,679$20,869,916$17,109,395$32,776,534
79$44,141,776$21,820,228$17,610,246$35,467,032
80$48,569,645$22,814,827$18,125,597$38,405,700
81$53,446,807$23,855,812$18,655,863$41,616,738
82$58,819,016$24,945,381$19,201,469$45,126,767
83$64,736,691$26,085,840$19,762,853$48,965,073
84$71,255,389$27,279,602$20,340,464$53,163,873
85$78,436,334$28,529,198$20,934,766$57,758,617
86$86,346,993$29,837,281$21,546,232$62,788,308
87$95,061,708$31,206,630$22,175,353$68,295,871
88$104,662,405$32,640,157$22,822,630$74,328,542
89$115,239,361$34,140,916$23,488,579$80,938,307
90$126,892,061$35,712,106$24,173,732$88,182,386
91$139,730,132$37,357,080$24,878,633$96,123,762
92$153,874,382$39,079,353$25,603,843$104,831,765
93$169,457,936$40,882,609$26,349,939$114,382,715
94$186,627,496$42,770,707$27,117,512$124,860,634
95$205,544,724$44,747,695$27,907,172$136,358,026
96$226,387,767$46,817,814$28,719,545$148,976,736
97$249,352,942$48,985,510$29,555,272$162,828,905
98$274,656,584$51,255,441$30,415,015$178,038,007
99$302,537,091$53,632,493$31,299,454$194,740,007
100$333,257,174$56,121,785$32,209,285$213,084,628