Can I retire at age 66 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$982,691$973,938$965,398$957,062$948,923$927,490
2 years$486,481$477,420$468,640$460,126$451,868$430,390
3 years$321,099$311,999$303,241$294,807$286,684$265,831
4 years$238,424$229,353$220,682$212,392$204,465$184,398
5 years$188,832$179,815$171,258$163,137$155,431$136,206
6 years$155,782$146,833$138,402$130,462$122,987$104,625
7 years$132,184$123,310$115,013$107,260$100,022$82,524
8 years$114,493$105,699$97,540$89,978$82,978$66,339
9 years$100,741$92,030$84,011$76,641$69,879$54,087
10 years$89,746$81,120$73,243$66,065$59,541$44,578
11 years$80,756$72,217$64,482$57,497$51,207$37,054
12 years$73,269$64,818$57,226$50,432$44,375$31,009
13 years$66,939$58,576$51,128$44,524$38,696$26,092
14 years$61,518$53,244$45,938$39,524$33,920$22,053
15 years$56,825$48,640$41,476$35,248$29,866$18,709
16 years$52,721$44,626$37,604$31,561$26,396$15,920
17 years$49,105$41,099$34,218$28,357$23,404$13,582
18 years$45,894$37,977$31,237$25,556$20,810$11,612
19 years$43,024$35,197$28,596$23,092$18,548$9,946
20 years$40,444$32,707$26,244$20,914$16,568$8,532
21 years$38,113$30,465$24,139$18,981$14,826$7,328
22 years$35,997$28,438$22,248$17,258$13,290$6,302
23 years$34,068$26,597$20,542$15,717$11,930$5,424
24 years$32,302$24,920$18,998$14,335$10,723$4,673
25 years$30,680$23,386$17,596$13,091$9,649$4,028
26 years$29,185$21,979$16,319$11,970$8,691$3,474
27 years$27,803$20,685$15,154$10,957$7,836$2,998
28 years$26,523$19,491$14,088$10,039$7,070$2,589
29 years$25,332$18,388$13,110$9,206$6,384$2,236
30 years$24,223$17,365$12,211$8,448$5,769$1,932
31 years$23,188$16,416$11,384$7,759$5,215$1,670
32 years$22,219$15,533$10,622$7,131$4,718$1,443
33 years$21,311$14,710$9,917$6,557$4,270$1,248
34 years$20,458$13,942$9,266$6,033$3,866$1,079
35 years$19,656$13,223$8,663$5,554$3,501$933
36 years$18,900$12,551$8,104$5,115$3,172$807
37 years$18,186$11,921$7,586$4,713$2,875$699
38 years$17,512$11,329$7,104$4,344$2,607$604
39 years$16,874$10,773$6,655$4,005$2,364$523
40 years$16,269$10,249$6,238$3,694$2,144$453
41 years$15,695$9,756$5,849$3,409$1,945$392
42 years$15,150$9,292$5,487$3,146$1,765$339
43 years$14,632$8,853$5,149$2,904$1,602$293
44 years$14,139$8,439$4,833$2,681$1,454$254
45 years$13,669$8,047$4,538$2,476$1,320$220
46 years$13,221$7,677$4,262$2,287$1,198$190
47 years$12,793$7,326$4,004$2,113$1,088$165
48 years$12,384$6,994$3,763$1,953$988$143
49 years$11,993$6,678$3,537$1,805$898$123
50 years$11,619$6,379$3,325$1,668$815$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,900,000, adding $6,482 every year, while hoping to spend $28,326 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: 64/17/19 Blend
65$11,900,000$11,900,000$11,900,000$11,900,000
66$13,120,486$12,489,786$12,305,336$13,896,723
67$14,428,637$13,071,647$12,687,426$15,001,073
68$15,869,270$13,681,070$13,081,367$16,203,233
69$17,455,868$14,319,375$13,487,526$17,515,892
70$19,203,290$14,987,947$13,906,280$18,949,849
71$21,127,906$15,688,237$14,338,021$20,516,987
72$23,247,758$16,421,766$14,783,151$22,230,380
73$25,582,727$17,190,130$15,242,084$24,104,416
74$28,154,718$17,995,000$15,715,247$26,154,928
75$30,987,874$18,838,130$16,203,082$28,399,339
76$34,108,795$19,721,355$16,706,043$30,856,829
77$37,546,794$20,646,604$17,224,598$33,548,507
78$41,334,175$21,615,896$17,759,230$36,497,611
79$45,506,533$22,631,347$18,310,437$39,729,722
80$50,103,095$23,695,178$18,878,731$43,273,001
81$55,167,085$24,809,716$19,464,643$47,158,454
82$60,746,136$25,977,401$20,068,717$51,420,217
83$66,892,739$27,200,791$20,691,516$56,095,877
84$73,664,736$28,482,567$21,333,620$61,226,821
85$81,125,868$29,825,542$21,995,625$66,858,625
86$89,346,377$31,232,664$22,678,149$73,041,473
87$98,403,666$32,707,023$23,381,826$79,830,635
88$108,383,033$34,251,861$24,107,310$87,286,975
89$119,378,475$35,870,574$24,855,277$95,477,526
90$131,493,574$37,566,727$25,626,423$104,476,114
91$144,842,475$39,344,053$26,421,465$114,364,051
92$159,550,966$41,206,470$27,241,143$125,230,896
93$175,757,662$43,158,084$28,086,218$137,175,293
94$193,615,314$45,203,200$28,957,477$150,305,899
95$213,292,253$47,346,334$29,855,729$164,742,396
96$234,973,977$49,592,220$30,781,811$180,616,623
97$258,864,904$51,945,819$31,736,583$198,073,803
98$285,190,298$54,412,339$32,720,932$217,273,916
99$314,198,400$56,997,234$33,735,775$238,393,192
100$346,162,766$59,706,228$34,782,053$261,625,773