Can I retire at age 65 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$941,401$933,016$924,835$916,849$909,052$902,945
2 years$466,040$457,361$448,949$440,793$432,882$426,722
3 years$307,607$298,890$290,500$282,420$274,638$268,617
4 years$228,406$219,716$211,409$203,468$195,874$190,038
5 years$180,898$172,260$164,062$156,283$148,900$143,267
6 years$149,236$140,663$132,587$124,981$117,820$112,395
7 years$126,630$118,129$110,180$102,754$95,819$90,607
8 years$109,682$101,258$93,442$86,197$79,491$74,491
9 years$96,508$88,163$80,481$73,421$66,943$62,154
10 years$85,975$77,712$70,165$63,290$57,039$52,458
11 years$77,362$69,182$61,772$55,081$49,055$44,679
12 years$70,191$62,094$54,821$48,313$42,510$38,335
13 years$64,127$56,115$48,979$42,653$37,070$33,092
14 years$58,934$51,007$44,008$37,863$32,495$28,709
15 years$54,437$46,596$39,733$33,767$28,611$25,013
16 years$50,506$42,751$36,024$30,235$25,287$21,870
17 years$47,042$39,372$32,781$27,166$22,421$19,180
18 years$43,965$36,381$29,924$24,482$19,936$16,866
19 years$41,216$33,718$27,394$22,121$17,769$14,864
20 years$38,745$31,332$25,141$20,035$15,872$13,125
21 years$36,512$29,185$23,125$18,183$14,203$11,610
22 years$34,485$27,243$21,313$16,533$12,731$10,285
23 years$32,637$25,480$19,679$15,057$11,428$9,122
24 years$30,945$23,873$18,200$13,733$10,272$8,101
25 years$29,391$22,404$16,857$12,541$9,243$7,201
26 years$27,959$21,056$15,634$11,467$8,326$6,407
27 years$26,635$19,816$14,517$10,496$7,507$5,704
28 years$25,408$18,672$13,496$9,617$6,773$5,083
29 years$24,268$17,615$12,559$8,819$6,116$4,532
30 years$23,205$16,636$11,698$8,093$5,526$4,042
31 years$22,214$15,726$10,906$7,433$4,996$3,608
32 years$21,286$14,880$10,175$6,831$4,520$3,221
33 years$20,416$14,092$9,501$6,282$4,090$2,877
34 years$19,599$13,356$8,877$5,780$3,703$2,571
35 years$18,830$12,668$8,299$5,321$3,354$2,298
36 years$18,106$12,024$7,764$4,900$3,039$2,054
37 years$17,422$11,420$7,267$4,515$2,754$1,837
38 years$16,776$10,853$6,805$4,162$2,497$1,643
39 years$16,165$10,320$6,376$3,837$2,264$1,470
40 years$15,586$9,819$5,976$3,539$2,054$1,315
41 years$15,036$9,346$5,603$3,265$1,863$1,177
42 years$14,514$8,901$5,256$3,014$1,691$1,053
43 years$14,017$8,481$4,932$2,782$1,535$943
44 years$13,545$8,084$4,630$2,569$1,393$844
45 years$13,095$7,709$4,347$2,372$1,264$756
46 years$12,665$7,354$4,083$2,191$1,148$677
47 years$12,255$7,018$3,836$2,024$1,043$606
48 years$11,863$6,700$3,605$1,871$947$543
49 years$11,489$6,398$3,388$1,729$860$486
50 years$11,130$6,111$3,185$1,598$781$435

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,400,000, adding $2,791 every year, while hoping to spend $25,959 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: 61/26/13 Blend
64$11,400,000$11,400,000$11,400,000$11,400,000
65$12,565,679$11,961,479$11,784,779$13,292,390
66$13,819,758$12,519,971$12,151,949$14,339,480
67$15,200,883$13,104,960$12,530,549$15,478,386
68$16,721,986$13,717,715$12,920,935$16,720,546
69$18,397,315$14,359,570$13,323,473$18,075,951
70$20,242,573$15,031,920$13,738,541$19,555,590
71$22,275,062$15,736,231$14,166,529$21,171,544
72$24,513,849$16,474,037$14,607,838$22,937,103
73$26,979,944$17,246,948$15,062,884$24,866,886
74$29,696,501$18,056,650$15,532,092$26,976,974
75$32,689,030$18,904,913$16,015,904$29,285,059
76$35,985,648$19,793,591$16,514,773$31,810,606
77$39,617,335$20,724,627$17,029,169$34,575,035
78$43,618,229$21,700,060$17,559,572$37,601,915
79$48,025,953$22,722,027$18,106,482$40,917,187
80$52,881,962$23,792,769$18,670,411$44,549,397
81$58,231,941$24,914,633$19,251,889$48,529,969
82$64,126,233$26,090,084$19,851,461$52,893,487
83$70,620,313$27,321,703$20,469,690$57,678,025
84$77,775,316$28,612,196$21,107,155$62,925,493
85$85,658,608$29,964,404$21,764,455$68,682,033
86$94,344,428$31,381,302$22,442,205$74,998,443
87$103,914,583$32,866,009$23,141,043$81,930,653
88$114,459,226$34,421,799$23,861,623$89,540,245
89$126,077,700$36,052,101$24,604,621$97,895,026
90$138,879,484$37,760,512$25,370,734$107,069,665
91$152,985,218$39,550,804$26,160,681$117,146,385
92$168,527,848$41,426,931$26,975,201$128,215,731
93$185,653,878$43,393,039$27,815,060$140,377,421
94$204,524,752$45,453,477$28,681,043$153,741,272
95$225,318,383$47,612,803$29,573,963$168,428,234
96$248,230,824$49,875,797$30,494,658$184,571,514
97$273,478,129$52,247,472$31,443,990$202,317,831
98$301,298,384$54,733,084$32,422,849$221,828,783
99$331,953,957$57,338,143$33,432,153$243,282,367
100$365,733,978$60,068,429$34,472,847$266,874,645