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%12.2%
1 years$982,691$973,938$965,398$957,062$948,923$940,187
2 years$486,481$477,420$468,640$460,126$451,868$443,066
3 years$321,099$311,999$303,241$294,807$286,684$278,089
4 years$238,424$229,353$220,682$212,392$204,465$196,144
5 years$188,832$179,815$171,258$163,137$155,431$147,408
6 years$155,782$146,833$138,402$130,462$122,987$115,272
7 years$132,184$123,310$115,013$107,260$100,022$92,617
8 years$114,493$105,699$97,540$89,978$82,978$75,884
9 years$100,741$92,030$84,011$76,641$69,879$63,094
10 years$89,746$81,120$73,243$66,065$59,541$53,060
11 years$80,756$72,217$64,482$57,497$51,207$45,026
12 years$73,269$64,818$57,226$50,432$44,375$38,487
13 years$66,939$58,576$51,128$44,524$38,696$33,095
14 years$61,518$53,244$45,938$39,524$33,920$28,599
15 years$56,825$48,640$41,476$35,248$29,866$24,817
16 years$52,721$44,626$37,604$31,561$26,396$21,610
17 years$49,105$41,099$34,218$28,357$23,404$18,873
18 years$45,894$37,977$31,237$25,556$20,810$16,526
19 years$43,024$35,197$28,596$23,092$18,548$14,501
20 years$40,444$32,707$26,244$20,914$16,568$12,749
21 years$38,113$30,465$24,139$18,981$14,826$11,227
22 years$35,997$28,438$22,248$17,258$13,290$9,901
23 years$34,068$26,597$20,542$15,717$11,930$8,743
24 years$32,302$24,920$18,998$14,335$10,723$7,728
25 years$30,680$23,386$17,596$13,091$9,649$6,838
26 years$29,185$21,979$16,319$11,970$8,691$6,055
27 years$27,803$20,685$15,154$10,957$7,836$5,366
28 years$26,523$19,491$14,088$10,039$7,070$4,758
29 years$25,332$18,388$13,110$9,206$6,384$4,222
30 years$24,223$17,365$12,211$8,448$5,769$3,748
31 years$23,188$16,416$11,384$7,759$5,215$3,328
32 years$22,219$15,533$10,622$7,131$4,718$2,957
33 years$21,311$14,710$9,917$6,557$4,270$2,628
34 years$20,458$13,942$9,266$6,033$3,866$2,337
35 years$19,656$13,223$8,663$5,554$3,501$2,078
36 years$18,900$12,551$8,104$5,115$3,172$1,848
37 years$18,186$11,921$7,586$4,713$2,875$1,644
38 years$17,512$11,329$7,104$4,344$2,607$1,463
39 years$16,874$10,773$6,655$4,005$2,364$1,302
40 years$16,269$10,249$6,238$3,694$2,144$1,159
41 years$15,695$9,756$5,849$3,409$1,945$1,032
42 years$15,150$9,292$5,487$3,146$1,765$919
43 years$14,632$8,853$5,149$2,904$1,602$818
44 years$14,139$8,439$4,833$2,681$1,454$729
45 years$13,669$8,047$4,538$2,476$1,320$649
46 years$13,221$7,677$4,262$2,287$1,198$578
47 years$12,793$7,326$4,004$2,113$1,088$515
48 years$12,384$6,994$3,763$1,953$988$459
49 years$11,993$6,678$3,537$1,805$898$409
50 years$11,619$6,379$3,325$1,668$815$364

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 $4,384 every year, while hoping to spend $26,270 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: 43/31/26 Blend
65$11,900,000$11,900,000$11,900,000$11,900,000
66$13,118,322$12,487,622$12,303,172$13,582,777
67$14,428,440$13,071,565$12,687,377$14,498,922
68$15,871,309$13,683,240$13,083,573$15,488,072
69$17,460,443$14,323,979$13,492,133$16,559,306
70$19,210,732$14,995,177$13,913,443$17,720,239
71$21,138,583$15,698,298$14,347,900$18,979,227
72$23,262,079$16,434,875$14,795,915$20,345,448
73$25,601,144$17,206,516$15,257,911$21,828,979
74$28,177,732$18,014,907$15,734,322$23,440,891
75$31,016,039$18,861,815$16,225,600$25,193,342
76$34,142,724$19,749,094$16,732,207$27,099,694
77$37,587,167$20,678,685$17,254,621$29,174,628
78$41,381,743$21,652,625$17,793,336$31,434,281
79$45,562,127$22,673,050$18,348,859$33,896,389
80$50,167,633$23,742,199$18,921,715$36,580,449
81$55,241,583$24,862,418$19,512,444$39,507,899
82$60,831,717$26,036,168$20,121,603$42,702,311
83$66,990,642$27,266,030$20,749,767$46,189,607
84$73,776,331$28,554,710$21,397,528$49,998,297
85$81,252,669$29,905,043$22,065,497$54,159,740
86$89,490,055$31,320,004$22,754,305$58,708,433
87$98,566,067$32,802,710$23,464,600$63,682,324
88$108,566,195$34,356,432$24,197,054$69,123,168
89$119,584,648$35,984,598$24,952,355$75,076,907
90$131,725,240$37,690,801$25,731,218$81,594,095
91$145,102,376$39,478,812$26,534,375$88,730,366
92$159,842,127$41,352,582$27,362,585$96,546,949
93$176,083,421$43,316,256$28,216,628$105,111,235
94$193,979,354$45,374,177$29,097,310$114,497,399
95$213,698,638$47,530,902$30,005,460$124,787,091
96$235,427,192$49,791,208$30,941,935$136,070,195
97$259,369,893$52,160,105$31,907,618$148,445,660
98$285,752,518$54,642,846$32,903,418$162,022,426
99$314,823,867$57,244,938$33,930,276$176,920,433
100$346,858,119$59,972,157$34,989,157$193,271,741