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%12.3%
1 years$966,175$957,569$949,172$940,977$932,974$924,000
2 years$478,304$469,397$460,763$452,393$444,274$435,233
3 years$315,702$306,756$298,144$289,852$281,865$273,039
4 years$234,417$225,498$216,973$208,822$201,029$192,485
5 years$185,659$176,793$168,380$160,396$152,819$144,582
6 years$153,164$144,365$136,076$128,270$120,920$113,001
7 years$129,962$121,237$113,080$105,458$98,341$90,743
8 years$112,569$103,923$95,901$88,466$81,583$74,306
9 years$99,048$90,484$82,599$75,353$68,705$61,746
10 years$88,237$79,757$72,012$64,955$58,540$51,895
11 years$79,398$71,003$63,398$56,530$50,346$44,010
12 years$72,038$63,728$56,264$49,585$43,629$37,595
13 years$65,814$57,592$50,268$43,776$38,045$32,307
14 years$60,484$52,349$45,166$38,859$33,350$27,900
15 years$55,870$47,822$40,779$34,656$29,364$24,193
16 years$51,835$43,876$36,972$31,030$25,952$21,053
17 years$48,280$40,408$33,643$27,881$23,011$18,374
18 years$45,122$37,339$30,712$25,126$20,460$16,077
19 years$42,301$34,605$28,115$22,704$18,237$14,098
20 years$39,765$32,157$25,803$20,562$16,289$12,385
21 years$37,473$29,953$23,734$18,662$14,577$10,899
22 years$35,392$27,960$21,874$16,968$13,066$9,604
23 years$33,495$26,150$20,197$15,453$11,729$8,474
24 years$31,759$24,501$18,679$14,094$10,542$7,484
25 years$30,164$22,993$17,300$12,871$9,487$6,617
26 years$28,695$21,610$16,045$11,769$8,545$5,855
27 years$27,336$20,337$14,899$10,772$7,704$5,184
28 years$26,077$19,164$13,851$9,870$6,952$4,594
29 years$24,906$18,079$12,889$9,051$6,277$4,072
30 years$23,816$17,074$12,006$8,306$5,672$3,612
31 years$22,798$16,140$11,193$7,629$5,128$3,205
32 years$21,846$15,272$10,443$7,011$4,638$2,846
33 years$20,953$14,463$9,751$6,447$4,198$2,527
34 years$20,114$13,707$9,111$5,932$3,801$2,245
35 years$19,326$13,001$8,518$5,461$3,442$1,995
36 years$18,582$12,340$7,968$5,029$3,119$1,773
37 years$17,881$11,720$7,458$4,634$2,827$1,576
38 years$17,218$11,138$6,984$4,271$2,563$1,401
39 years$16,590$10,592$6,543$3,938$2,324$1,246
40 years$15,996$10,077$6,133$3,632$2,108$1,108
41 years$15,432$9,592$5,751$3,351$1,912$986
42 years$14,896$9,135$5,395$3,093$1,735$877
43 years$14,386$8,704$5,062$2,855$1,575$780
44 years$13,901$8,297$4,752$2,636$1,430$694
45 years$13,439$7,912$4,462$2,435$1,298$618
46 years$12,998$7,548$4,190$2,249$1,178$550
47 years$12,578$7,203$3,937$2,078$1,070$489
48 years$12,176$6,876$3,700$1,920$972$436
49 years$11,791$6,566$3,477$1,774$883$388
50 years$11,423$6,272$3,269$1,640$802$345

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 $6,886 every year, while hoping to spend $46,319 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: 70/5/25 Blend
65$11,700,000$11,700,000$11,700,000$11,700,000
66$12,900,503$12,280,403$12,099,053$13,721,064
67$14,167,071$12,832,860$12,455,088$14,823,698
68$15,561,277$13,410,834$12,821,498$16,024,302
69$17,096,090$14,015,528$13,198,581$17,337,534
70$18,785,803$14,648,201$13,586,645$18,774,564
71$20,646,163$15,310,170$13,986,006$20,347,690
72$22,694,521$16,002,819$14,396,987$22,070,455
73$24,950,000$16,727,594$14,819,924$23,957,771
74$27,433,667$17,486,014$15,255,158$26,026,059
75$30,168,740$18,279,667$15,703,045$28,293,402
76$33,180,801$19,110,220$16,163,946$30,779,717
77$36,498,039$19,979,417$16,638,235$33,506,938
78$40,151,519$20,889,089$17,126,296$36,499,221
79$44,175,470$21,841,150$17,628,523$39,783,175
80$48,607,612$22,837,611$18,145,322$43,388,107
81$53,489,509$23,880,574$18,677,111$47,346,298
82$58,866,963$24,972,247$19,224,319$51,693,306
83$64,790,446$26,114,939$19,787,386$56,468,300
84$71,315,574$27,311,073$20,366,765$61,714,428
85$78,503,634$28,563,188$20,962,924$67,479,220
86$86,422,164$29,873,943$21,576,341$73,815,038
87$95,145,585$31,246,127$22,207,509$80,779,564
88$104,755,909$32,682,661$22,856,935$88,436,347
89$115,343,508$34,186,608$23,525,138$96,855,395
90$127,007,971$35,761,177$24,212,655$106,113,837
91$139,859,041$37,409,731$24,920,036$116,296,649
92$154,017,652$39,135,797$25,647,846$127,497,451
93$169,617,071$40,943,069$26,396,667$139,819,387
94$186,804,153$42,835,421$27,167,097$153,376,102
95$205,740,731$44,816,911$27,959,749$168,292,804
96$226,605,141$46,891,794$28,775,256$184,707,448
97$249,593,904$49,064,531$29,614,266$202,772,033
98$274,923,585$51,339,796$30,477,446$222,654,035
99$302,832,833$53,722,489$31,365,483$244,537,981
100$333,584,636$56,217,745$32,279,081$268,627,194