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%18.5%
1 years$982,691$973,938$965,398$957,062$948,923$916,348
2 years$486,481$477,420$468,640$460,126$451,868$419,381
3 years$321,099$311,999$303,241$294,807$286,684$255,305
4 years$238,424$229,353$220,682$212,392$204,465$174,435
5 years$188,832$179,815$171,258$163,137$155,431$126,829
6 years$155,782$146,833$138,402$130,462$122,987$95,835
7 years$132,184$123,310$115,013$107,260$100,022$74,315
8 years$114,493$105,699$97,540$89,978$82,978$58,696
9 years$100,741$92,030$84,011$76,641$69,879$46,992
10 years$89,746$81,120$73,243$66,065$59,541$38,011
11 years$80,756$72,217$64,482$57,497$51,207$30,992
12 years$73,269$64,818$57,226$50,432$44,375$25,428
13 years$66,939$58,576$51,128$44,524$38,696$20,967
14 years$61,518$53,244$45,938$39,524$33,920$17,359
15 years$56,825$48,640$41,476$35,248$29,866$14,418
16 years$52,721$44,626$37,604$31,561$26,396$12,008
17 years$49,105$41,099$34,218$28,357$23,404$10,022
18 years$45,894$37,977$31,237$25,556$20,810$8,380
19 years$43,024$35,197$28,596$23,092$18,548$7,018
20 years$40,444$32,707$26,244$20,914$16,568$5,884
21 years$38,113$30,465$24,139$18,981$14,826$4,939
22 years$35,997$28,438$22,248$17,258$13,290$4,149
23 years$34,068$26,597$20,542$15,717$11,930$3,488
24 years$32,302$24,920$18,998$14,335$10,723$2,934
25 years$30,680$23,386$17,596$13,091$9,649$2,469
26 years$29,185$21,979$16,319$11,970$8,691$2,079
27 years$27,803$20,685$15,154$10,957$7,836$1,751
28 years$26,523$19,491$14,088$10,039$7,070$1,475
29 years$25,332$18,388$13,110$9,206$6,384$1,243
30 years$24,223$17,365$12,211$8,448$5,769$1,048
31 years$23,188$16,416$11,384$7,759$5,215$884
32 years$22,219$15,533$10,622$7,131$4,718$745
33 years$21,311$14,710$9,917$6,557$4,270$628
34 years$20,458$13,942$9,266$6,033$3,866$530
35 years$19,656$13,223$8,663$5,554$3,501$447
36 years$18,900$12,551$8,104$5,115$3,172$377
37 years$18,186$11,921$7,586$4,713$2,875$318
38 years$17,512$11,329$7,104$4,344$2,607$268
39 years$16,874$10,773$6,655$4,005$2,364$226
40 years$16,269$10,249$6,238$3,694$2,144$191
41 years$15,695$9,756$5,849$3,409$1,945$161
42 years$15,150$9,292$5,487$3,146$1,765$136
43 years$14,632$8,853$5,149$2,904$1,602$115
44 years$14,139$8,439$4,833$2,681$1,454$97
45 years$13,669$8,047$4,538$2,476$1,320$82
46 years$13,221$7,677$4,262$2,287$1,198$69
47 years$12,793$7,326$4,004$2,113$1,088$58
48 years$12,384$6,994$3,763$1,953$988$49
49 years$11,993$6,678$3,537$1,805$898$41
50 years$11,619$6,379$3,325$1,668$815$35

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 $2,308 every year, while hoping to spend $32,542 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: 49/39/12 Blend
65$11,900,000$11,900,000$11,900,000$11,900,000
66$13,116,181$12,485,481$12,301,031$13,715,810
67$14,419,407$13,062,645$12,678,491$14,705,168
68$15,854,471$13,666,999$13,067,505$15,775,646
69$17,434,787$14,299,842$13,468,426$16,937,692
70$19,175,135$14,962,534$13,881,618$18,199,888
71$21,091,801$15,656,500$14,307,455$19,571,658
72$23,202,732$16,383,237$14,746,322$21,063,352
73$25,527,705$17,144,309$15,198,618$22,686,340
74$28,088,511$17,941,361$15,664,752$24,453,112
75$30,909,164$18,776,112$16,145,146$26,377,391
76$34,016,127$19,650,369$16,640,236$28,474,259
77$37,438,557$20,566,023$17,150,470$30,760,291
78$41,208,588$21,525,056$17,676,309$33,253,706
79$45,361,628$22,529,548$18,218,229$35,974,533
80$49,936,696$23,581,678$18,776,721$38,944,795
81$54,976,789$24,683,730$19,352,291$42,188,706
82$60,529,287$25,838,098$19,945,459$45,732,895
83$66,646,403$27,047,294$20,556,761$49,606,650
84$73,385,674$28,313,949$21,186,750$53,842,185
85$80,810,502$29,640,822$21,835,996$58,474,936
86$88,990,757$31,030,806$22,505,085$63,543,886
87$98,003,432$32,486,933$23,194,623$69,091,927
88$107,933,372$34,012,383$23,905,232$75,166,250
89$118,874,073$35,610,487$24,637,555$81,818,786
90$130,928,568$37,284,741$25,392,253$89,106,682
91$144,210,396$39,038,807$26,170,008$97,092,829
92$158,844,675$40,876,527$26,971,521$105,846,448
93$174,969,281$42,801,926$27,797,517$115,443,726
94$192,736,155$44,819,228$28,648,741$125,968,528
95$212,312,730$46,932,857$29,525,961$137,513,171
96$233,883,517$49,147,455$30,429,968$150,179,284
97$257,651,842$51,467,887$31,361,579$164,078,751
98$283,841,772$53,899,255$32,321,634$179,334,754
99$312,700,221$56,446,908$33,310,998$196,082,919
100$344,499,291$59,116,453$34,330,562$214,472,580