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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$982,691$973,938$965,398$957,062$948,923$944,924
2 years$486,481$477,420$468,640$460,126$451,868$447,831
3 years$321,099$311,999$303,241$294,807$286,684$282,734
4 years$238,424$229,353$220,682$212,392$204,465$200,632
5 years$188,832$179,815$171,258$163,137$155,431$151,727
6 years$155,782$146,833$138,402$130,462$122,987$119,416
7 years$132,184$123,310$115,013$107,260$100,022$96,586
8 years$114,493$105,699$97,540$89,978$82,978$79,677
9 years$100,741$92,030$84,011$76,641$69,879$66,713
10 years$89,746$81,120$73,243$66,065$59,541$56,508
11 years$80,756$72,217$64,482$57,497$51,207$48,305
12 years$73,269$64,818$57,226$50,432$44,375$41,602
13 years$66,939$58,576$51,128$44,524$38,696$36,050
14 years$61,518$53,244$45,938$39,524$33,920$31,398
15 years$56,825$48,640$41,476$35,248$29,866$27,464
16 years$52,721$44,626$37,604$31,561$26,396$24,111
17 years$49,105$41,099$34,218$28,357$23,404$21,234
18 years$45,894$37,977$31,237$25,556$20,810$18,750
19 years$43,024$35,197$28,596$23,092$18,548$16,595
20 years$40,444$32,707$26,244$20,914$16,568$14,718
21 years$38,113$30,465$24,139$18,981$14,826$13,076
22 years$35,997$28,438$22,248$17,258$13,290$11,635
23 years$34,068$26,597$20,542$15,717$11,930$10,367
24 years$32,302$24,920$18,998$14,335$10,723$9,248
25 years$30,680$23,386$17,596$13,091$9,649$8,259
26 years$29,185$21,979$16,319$11,970$8,691$7,382
27 years$27,803$20,685$15,154$10,957$7,836$6,604
28 years$26,523$19,491$14,088$10,039$7,070$5,913
29 years$25,332$18,388$13,110$9,206$6,384$5,297
30 years$24,223$17,365$12,211$8,448$5,769$4,748
31 years$23,188$16,416$11,384$7,759$5,215$4,258
32 years$22,219$15,533$10,622$7,131$4,718$3,821
33 years$21,311$14,710$9,917$6,557$4,270$3,429
34 years$20,458$13,942$9,266$6,033$3,866$3,080
35 years$19,656$13,223$8,663$5,554$3,501$2,766
36 years$18,900$12,551$8,104$5,115$3,172$2,486
37 years$18,186$11,921$7,586$4,713$2,875$2,234
38 years$17,512$11,329$7,104$4,344$2,607$2,008
39 years$16,874$10,773$6,655$4,005$2,364$1,806
40 years$16,269$10,249$6,238$3,694$2,144$1,624
41 years$15,695$9,756$5,849$3,409$1,945$1,461
42 years$15,150$9,292$5,487$3,146$1,765$1,314
43 years$14,632$8,853$5,149$2,904$1,602$1,183
44 years$14,139$8,439$4,833$2,681$1,454$1,064
45 years$13,669$8,047$4,538$2,476$1,320$958
46 years$13,221$7,677$4,262$2,287$1,198$862
47 years$12,793$7,326$4,004$2,113$1,088$776
48 years$12,384$6,994$3,763$1,953$988$699
49 years$11,993$6,678$3,537$1,805$898$629
50 years$11,619$6,379$3,325$1,668$815$566

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 $6,021 every year, while hoping to spend $35,172 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: 50/44/6 Blend
65$11,900,000$11,900,000$11,900,000$11,900,000
66$13,120,011$12,489,311$12,304,861$13,756,253
67$14,420,829$13,063,864$12,679,651$14,764,690
68$15,853,152$13,665,392$13,065,818$15,855,575
69$17,430,356$14,295,179$13,463,705$17,040,062
70$19,167,181$14,954,571$13,873,667$18,326,917
71$21,079,867$15,644,979$14,296,070$19,725,762
72$23,186,314$16,367,883$14,731,288$21,247,165
73$25,506,241$17,124,833$15,179,709$22,902,732
74$28,061,382$17,917,453$15,641,733$24,705,212
75$30,875,681$18,747,447$16,117,770$26,668,611
76$33,975,529$19,616,600$16,608,244$28,808,321
77$37,390,003$20,526,783$17,113,589$31,141,253
78$41,151,145$21,479,958$17,634,257$33,685,996
79$45,294,266$22,478,180$18,170,709$36,462,984
80$49,858,275$23,523,605$18,723,421$39,494,680
81$54,886,049$24,618,491$19,292,886$42,805,783
82$60,424,836$25,765,207$19,879,607$46,423,452
83$66,526,702$26,966,235$20,484,107$50,377,551
84$73,249,022$28,224,177$21,106,921$54,700,931
85$80,655,022$29,541,761$21,748,602$59,429,720
86$88,814,373$30,921,847$22,409,720$64,603,665
87$97,803,854$32,367,432$23,090,860$70,266,488
88$107,708,069$33,881,658$23,792,626$76,466,297
89$118,620,253$35,467,821$24,515,640$83,256,023
90$130,643,148$37,129,373$25,260,543$90,693,909
91$143,889,973$38,869,936$26,027,995$98,844,053
92$158,485,492$40,693,304$26,818,675$107,776,993
93$174,567,195$42,603,459$27,633,283$117,570,367
94$192,286,590$44,604,570$28,472,540$128,309,626
95$211,810,641$46,701,013$29,337,188$140,088,832
96$233,323,336$48,897,372$30,227,994$153,011,527
97$257,027,428$51,198,455$31,145,743$167,191,695
98$283,146,349$53,609,302$32,091,248$182,754,825
99$311,926,316$56,135,197$33,065,345$199,839,072
100$343,638,659$58,781,681$34,068,893$218,596,552