Can I retire at age 65 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$957,917$949,385$941,060$932,934$925,000$901,541
2 years$474,216$465,385$456,825$448,526$440,476$416,994
3 years$313,004$304,134$295,596$287,375$279,456$256,685
4 years$232,413$223,571$215,118$207,038$199,311$177,426
5 years$184,072$175,282$166,941$159,025$151,513$130,575
6 years$151,855$143,131$134,913$127,173$119,887$99,917
7 years$128,851$120,201$112,113$104,556$97,500$78,500
8 years$111,607$103,035$95,081$87,710$80,886$62,847
9 years$98,201$89,710$81,893$74,709$68,118$51,024
10 years$87,483$79,075$71,396$64,400$58,040$41,871
11 years$78,720$70,396$62,856$56,047$49,916$34,649
12 years$71,422$63,184$55,783$49,161$43,256$28,863
13 years$65,252$57,100$49,839$43,402$37,720$24,173
14 years$59,968$51,902$44,780$38,527$33,065$20,334
15 years$55,392$47,413$40,431$34,360$29,113$17,166
16 years$51,392$43,501$36,656$30,765$25,730$14,535
17 years$47,867$40,063$33,356$27,642$22,814$12,337
18 years$44,737$37,020$30,449$24,911$20,285$10,494
19 years$41,939$34,309$27,875$22,509$18,081$8,941
20 years$39,425$31,882$25,582$20,387$16,150$7,629
21 years$37,153$29,697$23,531$18,502$14,453$6,518
22 years$35,090$27,721$21,687$16,823$12,955$5,575
23 years$33,209$25,927$20,024$15,321$11,629$4,772
24 years$31,488$24,292$18,519$13,973$10,452$4,088
25 years$29,907$22,797$17,152$12,761$9,405$3,505
26 years$28,449$21,425$15,908$11,668$8,472$3,006
27 years$27,102$20,164$14,772$10,680$7,638$2,580
28 years$25,854$19,000$13,732$9,785$6,892$2,214
29 years$24,694$17,924$12,779$8,973$6,223$1,902
30 years$23,613$16,928$11,903$8,235$5,623$1,634
31 years$22,603$16,002$11,097$7,564$5,084$1,404
32 years$21,659$15,141$10,354$6,951$4,599$1,206
33 years$20,774$14,339$9,667$6,392$4,162$1,037
34 years$19,943$13,590$9,033$5,881$3,768$892
35 years$19,160$12,890$8,445$5,414$3,413$767
36 years$18,423$12,235$7,900$4,986$3,092$659
37 years$17,728$11,620$7,394$4,594$2,803$567
38 years$17,071$11,043$6,924$4,235$2,541$488
39 years$16,449$10,501$6,487$3,904$2,304$419
40 years$15,859$9,991$6,081$3,601$2,090$361
41 years$15,300$9,510$5,702$3,323$1,896$310
42 years$14,768$9,057$5,348$3,066$1,720$267
43 years$14,263$8,630$5,019$2,831$1,561$230
44 years$13,782$8,226$4,711$2,614$1,417$198
45 years$13,324$7,844$4,423$2,414$1,287$170
46 years$12,887$7,483$4,155$2,230$1,168$146
47 years$12,470$7,141$3,903$2,060$1,061$126
48 years$12,072$6,817$3,668$1,903$963$108
49 years$11,690$6,510$3,448$1,759$875$93
50 years$11,326$6,219$3,241$1,626$795$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,600,000, adding $4,419 every year, while hoping to spend $24,571 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: 62/13/25 Blend
64$11,600,000$11,600,000$11,600,000$11,600,000
65$12,787,758$12,172,958$11,993,158$13,495,511
66$14,065,966$12,743,290$12,368,786$14,546,057
67$15,473,728$13,340,744$12,756,173$15,689,526
68$17,024,232$13,966,624$13,155,689$16,937,535
69$18,732,011$14,622,296$13,567,712$18,300,297
70$20,613,080$15,309,192$13,992,634$19,789,050
71$22,685,085$16,028,814$14,430,858$21,416,161
72$24,967,474$16,782,736$14,882,802$23,195,238
73$27,481,674$17,572,608$15,348,893$25,141,259
74$30,251,299$18,400,160$15,829,576$27,270,707
75$33,302,370$19,267,207$16,325,306$29,601,727
76$36,663,563$20,175,651$16,836,554$32,154,291
77$40,366,474$21,127,485$17,363,806$34,950,386
78$44,445,923$22,124,801$17,907,563$38,014,216
79$48,940,282$23,169,791$18,468,340$41,372,431
80$53,891,832$24,264,752$19,046,672$45,054,371
81$59,347,170$25,412,096$19,643,106$49,092,342
82$65,357,641$26,614,348$20,258,209$53,521,916
83$71,979,827$27,874,158$20,892,566$58,382,267
84$79,276,080$29,194,303$21,546,778$63,716,528
85$87,315,113$30,577,696$22,221,468$69,572,205
86$96,172,642$32,027,391$22,917,275$76,001,613
87$105,932,108$33,546,589$23,634,860$83,062,369
88$116,685,460$35,138,649$24,374,904$90,817,931
89$128,534,024$36,807,090$25,138,111$99,338,190
90$141,589,462$38,555,605$25,925,205$108,700,128
91$155,974,821$40,388,063$26,736,933$118,988,539
92$171,825,698$42,308,523$27,574,066$130,296,819
93$189,291,520$44,321,242$28,437,398$142,727,848
94$208,536,953$46,430,681$29,327,749$156,394,955
95$229,743,458$48,641,520$30,245,964$171,422,977
96$253,111,002$50,958,666$31,192,915$187,949,433
97$278,859,948$53,387,264$32,169,502$206,125,819
98$307,233,132$55,932,710$33,176,649$226,119,026
99$338,498,159$58,600,661$34,215,315$248,112,910
100$372,949,928$61,397,049$35,286,484$272,310,022