Can I retire at age 67 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$908,370$900,278$892,384$884,679$877,155$863,335
2 years$449,688$441,313$433,196$425,327$417,693$403,805
3 years$296,814$288,403$280,307$272,511$265,002$251,478
4 years$220,392$212,007$203,991$196,329$189,001$175,946
5 years$174,551$166,216$158,306$150,799$143,676$131,127
6 years$144,000$135,728$127,935$120,595$113,686$101,658
7 years$122,187$113,984$106,314$99,148$92,457$80,954
8 years$105,834$97,705$90,163$83,173$76,702$65,722
9 years$93,122$85,070$77,657$70,845$64,594$54,131
10 years$82,958$74,985$67,703$61,069$55,037$45,083
11 years$74,648$66,755$59,605$53,148$47,334$37,878
12 years$67,728$59,915$52,898$46,618$41,019$32,049
13 years$61,877$54,146$47,261$41,157$35,769$27,273
14 years$56,866$49,217$42,464$36,534$31,355$23,318
15 years$52,527$44,961$38,339$32,582$27,607$20,016
16 years$48,734$41,251$34,760$29,174$24,400$17,237
17 years$45,391$37,990$31,630$26,213$21,634$14,886
18 years$42,423$35,105$28,874$23,623$19,236$12,885
19 years$39,770$32,535$26,433$21,345$17,146$11,176
20 years$37,386$30,233$24,259$19,332$15,315$9,711
21 years$35,231$28,161$22,314$17,545$13,705$8,449
22 years$33,275$26,287$20,566$15,953$12,285$7,362
23 years$31,491$24,586$18,989$14,528$11,027$6,421
24 years$29,859$23,035$17,561$13,251$9,912$5,605
25 years$28,360$21,617$16,265$12,101$8,919$4,898
26 years$26,978$20,317$15,085$11,065$8,034$4,282
27 years$25,701$19,121$14,008$10,128$7,243$3,747
28 years$24,517$18,017$13,022$9,279$6,536$3,280
29 years$23,416$16,997$12,118$8,509$5,902$2,873
30 years$22,391$16,052$11,288$7,809$5,332$2,517
31 years$21,434$15,175$10,523$7,172$4,821$2,206
32 years$20,539$14,358$9,818$6,592$4,361$1,934
33 years$19,699$13,597$9,167$6,061$3,947$1,696
34 years$18,911$12,887$8,565$5,577$3,573$1,488
35 years$18,169$12,223$8,008$5,134$3,236$1,306
36 years$17,471$11,602$7,491$4,728$2,932$1,146
37 years$16,811$11,019$7,012$4,357$2,658$1,006
38 years$16,188$10,472$6,566$4,016$2,409$883
39 years$15,598$9,958$6,152$3,702$2,185$775
40 years$15,039$9,474$5,766$3,415$1,982$681
41 years$14,508$9,018$5,407$3,151$1,798$598
42 years$14,005$8,589$5,072$2,908$1,632$525
43 years$13,526$8,183$4,759$2,684$1,481$461
44 years$13,070$7,801$4,467$2,478$1,344$405
45 years$12,635$7,439$4,195$2,289$1,220$356
46 years$12,221$7,096$3,940$2,114$1,108$312
47 years$11,825$6,772$3,701$1,953$1,006$274
48 years$11,447$6,465$3,478$1,805$914$241
49 years$11,086$6,173$3,269$1,668$830$212
50 years$10,740$5,897$3,074$1,542$754$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,000,000, adding $6,695 every year, while hoping to spend $39,987 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: 39/38/23 Blend
66$11,000,000$11,000,000$11,000,000$11,000,000
67$12,128,906$11,545,906$11,375,406$12,518,725
68$13,323,508$12,069,109$11,713,936$13,324,440
69$14,638,620$12,616,610$12,062,467$14,190,829
70$16,086,491$13,189,555$12,421,291$15,126,868
71$17,680,619$13,789,149$12,790,710$16,138,909
72$19,435,877$14,416,652$13,171,033$17,233,921
73$21,368,653$15,073,385$13,562,581$18,419,550
74$23,497,009$15,760,734$13,965,680$19,704,188
75$25,840,842$16,480,148$14,380,668$21,097,045
76$28,422,081$17,233,148$14,807,893$22,608,234
77$31,264,888$18,021,328$15,247,713$24,248,861
78$34,395,891$18,846,357$15,700,495$26,031,122
79$37,844,428$19,709,984$16,166,618$27,968,414
80$41,642,830$20,614,045$16,646,471$30,075,456
81$45,826,726$21,560,460$17,140,455$32,368,422
82$50,435,373$22,551,243$17,648,981$34,865,084
83$55,512,033$23,588,506$18,172,474$37,584,978
84$61,104,379$24,674,461$18,711,370$40,549,579
85$67,264,942$25,811,427$19,266,117$43,782,495
86$74,051,612$27,001,833$19,837,179$47,309,684
87$81,528,181$28,248,226$20,425,028$51,159,691
88$89,764,943$29,553,278$21,030,155$55,363,907
89$98,839,363$30,919,784$21,653,061$59,956,861
90$108,836,804$32,350,679$22,294,264$64,976,532
91$119,851,332$33,849,037$22,954,296$70,464,699
92$131,986,607$35,418,078$23,633,704$76,467,328
93$145,356,858$37,061,182$24,333,051$83,034,994
94$160,087,966$38,781,888$25,052,916$90,223,345
95$176,318,644$40,583,906$25,793,894$98,093,619
96$194,201,756$42,471,128$26,556,600$106,713,211
97$213,905,751$44,447,629$27,341,662$116,156,291
98$235,616,260$46,517,684$28,149,729$126,504,498
99$259,537,841$48,685,774$28,981,468$137,847,693
100$285,895,920$50,956,596$29,837,566$150,284,793