Can I retire at age 66 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$974,433$965,753$957,285$949,019$940,949$936,984
2 years$482,393$473,408$464,701$456,259$448,071$444,068
3 years$318,401$309,378$300,693$292,330$284,274$280,358
4 years$236,421$227,425$218,827$210,607$202,747$198,946
5 years$187,245$178,304$169,819$161,766$154,125$150,452
6 years$154,473$145,599$137,239$129,366$121,954$118,413
7 years$131,073$122,274$114,046$106,359$99,181$95,774
8 years$113,531$104,811$96,720$89,222$82,280$79,007
9 years$99,894$91,257$83,305$75,997$69,292$66,153
10 years$88,992$80,438$72,627$65,510$59,040$56,033
11 years$80,077$71,610$63,940$57,014$50,777$47,900
12 years$72,653$64,273$56,745$50,009$44,002$41,253
13 years$66,377$58,084$50,698$44,150$38,370$35,747
14 years$61,001$52,797$45,552$39,192$33,635$31,134
15 years$56,347$48,231$41,128$34,952$29,615$27,234
16 years$52,278$44,251$37,288$31,296$26,174$23,909
17 years$48,692$40,753$33,931$28,119$23,208$21,055
18 years$45,508$37,658$30,974$25,341$20,635$18,592
19 years$42,662$34,901$28,356$22,898$18,393$16,456
20 years$40,104$32,432$26,023$20,738$16,429$14,594
21 years$37,793$30,209$23,936$18,821$14,702$12,966
22 years$35,695$28,199$22,061$17,113$13,178$11,537
23 years$33,782$26,374$20,370$15,585$11,829$10,280
24 years$32,031$24,711$18,838$14,214$10,633$9,170
25 years$30,422$23,190$17,448$12,981$9,568$8,189
26 years$28,940$21,795$16,182$11,870$8,618$7,320
27 years$27,570$20,511$15,027$10,864$7,770$6,549
28 years$26,300$19,328$13,969$9,954$7,011$5,863
29 years$25,119$18,233$13,000$9,128$6,331$5,252
30 years$24,020$17,219$12,109$8,377$5,720$4,708
31 years$22,993$16,278$11,289$7,694$5,172$4,222
32 years$22,033$15,402$10,532$7,071$4,678$3,788
33 years$21,132$14,586$9,834$6,502$4,234$3,401
34 years$20,286$13,825$9,188$5,983$3,833$3,054
35 years$19,491$13,112$8,591$5,507$3,472$2,743
36 years$18,741$12,446$8,036$5,072$3,146$2,465
37 years$18,034$11,820$7,522$4,673$2,851$2,215
38 years$17,365$11,234$7,044$4,308$2,585$1,991
39 years$16,732$10,682$6,599$3,972$2,344$1,791
40 years$16,132$10,163$6,186$3,663$2,126$1,610
41 years$15,564$9,674$5,800$3,380$1,929$1,449
42 years$15,023$9,213$5,441$3,119$1,750$1,303
43 years$14,509$8,779$5,105$2,879$1,588$1,173
44 years$14,020$8,368$4,792$2,659$1,442$1,055
45 years$13,554$7,979$4,500$2,455$1,309$950
46 years$13,109$7,612$4,226$2,268$1,188$855
47 years$12,685$7,264$3,971$2,095$1,079$769
48 years$12,280$6,935$3,731$1,936$980$693
49 years$11,892$6,622$3,507$1,789$890$624
50 years$11,521$6,326$3,297$1,654$808$561

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,800,000, adding $3,384 every year, while hoping to spend $51,780 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: 36/44/20 Blend
65$11,800,000$11,800,000$11,800,000$11,800,000
66$13,007,091$12,381,691$12,198,791$13,396,329
67$14,278,720$12,933,300$12,552,357$14,232,300
68$15,678,321$13,510,203$12,916,032$15,129,109
69$17,218,890$14,113,584$13,290,100$16,096,216
70$18,914,752$14,744,684$13,674,852$17,139,937
71$20,781,686$15,404,803$14,070,590$18,267,195
72$22,837,083$16,095,303$14,477,619$19,485,580
73$25,100,104$16,817,612$14,896,258$20,803,419
74$27,591,863$17,573,223$15,326,831$22,229,845
75$30,335,625$18,363,703$15,769,672$23,774,879
76$33,357,027$19,190,692$16,225,124$25,449,521
77$36,684,317$20,055,909$16,693,539$27,265,844
78$40,348,624$20,961,156$17,175,279$29,237,103
79$44,384,250$21,908,319$17,670,717$31,377,854
80$48,828,992$22,899,374$18,180,234$33,704,085
81$53,724,500$23,936,394$18,704,223$36,233,355
82$59,116,670$25,021,550$19,243,087$38,984,958
83$65,056,079$26,157,114$19,797,238$41,980,095
84$71,598,457$27,345,470$20,367,104$45,242,061
85$78,805,217$28,589,116$20,953,119$48,796,465
86$86,744,034$29,890,668$21,555,734$52,671,454
87$95,489,482$31,252,867$22,175,407$56,897,974
88$105,123,739$32,678,587$22,812,612$61,510,051
89$115,737,361$34,170,838$23,467,836$66,545,102
90$127,430,139$35,732,776$24,141,575$72,044,274
91$140,312,039$37,367,708$24,834,344$78,052,826
92$154,504,239$39,079,098$25,546,667$84,620,540
93$170,140,275$40,870,578$26,279,084$91,802,179
94$187,367,301$42,745,953$27,032,151$99,657,994
95$206,347,473$44,709,213$27,806,436$108,254,276
96$227,259,488$46,764,536$28,602,523$117,663,965
97$250,300,261$48,916,305$29,421,014$127,967,330
98$275,686,794$51,169,110$30,262,524$139,252,706
99$303,658,213$53,527,763$31,127,685$151,617,311
100$334,478,036$55,997,308$32,017,147$165,168,151