Can I retire at age 65 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$966,175$957,569$949,172$940,977$932,974$919,032
2 years$478,304$469,397$460,763$452,393$444,274$430,259
3 years$315,702$306,756$298,144$289,852$281,865$268,213
4 years$234,417$225,498$216,973$208,822$201,029$187,845
5 years$185,659$176,793$168,380$160,396$152,819$140,142
6 years$153,164$144,365$136,076$128,270$120,920$108,764
7 years$129,962$121,237$113,080$105,458$98,341$86,710
8 years$112,569$103,923$95,901$88,466$81,583$70,476
9 years$99,048$90,484$82,599$75,353$68,705$58,116
10 years$88,237$79,757$72,012$64,955$58,540$48,461
11 years$79,398$71,003$63,398$56,530$50,346$40,767
12 years$72,038$63,728$56,264$49,585$43,629$34,538
13 years$65,814$57,592$50,268$43,776$38,045$29,429
14 years$60,484$52,349$45,166$38,859$33,350$25,196
15 years$55,870$47,822$40,779$34,656$29,364$21,657
16 years$51,835$43,876$36,972$31,030$25,952$18,677
17 years$48,280$40,408$33,643$27,881$23,011$16,152
18 years$45,122$37,339$30,712$25,126$20,460$14,001
19 years$42,301$34,605$28,115$22,704$18,237$12,162
20 years$39,765$32,157$25,803$20,562$16,289$10,583
21 years$37,473$29,953$23,734$18,662$14,577$9,222
22 years$35,392$27,960$21,874$16,968$13,066$8,047
23 years$33,495$26,150$20,197$15,453$11,729$7,030
24 years$31,759$24,501$18,679$14,094$10,542$6,147
25 years$30,164$22,993$17,300$12,871$9,487$5,379
26 years$28,695$21,610$16,045$11,769$8,545$4,711
27 years$27,336$20,337$14,899$10,772$7,704$4,128
28 years$26,077$19,164$13,851$9,870$6,952$3,620
29 years$24,906$18,079$12,889$9,051$6,277$3,175
30 years$23,816$17,074$12,006$8,306$5,672$2,787
31 years$22,798$16,140$11,193$7,629$5,128$2,447
32 years$21,846$15,272$10,443$7,011$4,638$2,149
33 years$20,953$14,463$9,751$6,447$4,198$1,888
34 years$20,114$13,707$9,111$5,932$3,801$1,659
35 years$19,326$13,001$8,518$5,461$3,442$1,458
36 years$18,582$12,340$7,968$5,029$3,119$1,281
37 years$17,881$11,720$7,458$4,634$2,827$1,127
38 years$17,218$11,138$6,984$4,271$2,563$991
39 years$16,590$10,592$6,543$3,938$2,324$871
40 years$15,996$10,077$6,133$3,632$2,108$766
41 years$15,432$9,592$5,751$3,351$1,912$674
42 years$14,896$9,135$5,395$3,093$1,735$593
43 years$14,386$8,704$5,062$2,855$1,575$522
44 years$13,901$8,297$4,752$2,636$1,430$459
45 years$13,439$7,912$4,462$2,435$1,298$404
46 years$12,998$7,548$4,190$2,249$1,178$355
47 years$12,578$7,203$3,937$2,078$1,070$313
48 years$12,176$6,876$3,700$1,920$972$275
49 years$11,791$6,566$3,477$1,774$883$242
50 years$11,423$6,272$3,269$1,640$802$213

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,700,000, adding $3,666 every year, while hoping to spend $54,021 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: 83/8/9 Blend
64$11,700,000$11,700,000$11,700,000$11,700,000
65$12,897,181$12,277,081$12,095,731$13,951,567
66$14,155,216$12,821,181$12,443,461$15,185,857
67$15,539,760$13,390,130$12,801,028$16,533,414
68$17,063,659$13,985,090$13,168,706$18,011,564
69$18,741,070$14,607,277$13,546,776$19,633,381
70$20,587,589$15,257,964$13,935,523$21,413,266
71$22,620,404$15,938,485$14,335,244$23,367,077
72$24,858,452$16,650,237$14,746,241$25,512,283
73$27,322,600$17,394,685$15,168,826$27,868,120
74$30,035,841$18,173,360$15,603,317$30,455,780
75$33,023,512$18,987,871$16,050,044$33,298,602
76$36,313,533$19,839,898$16,509,343$36,422,295
77$39,936,666$20,731,207$16,981,559$39,855,179
78$43,926,813$21,663,642$17,467,048$43,628,447
79$48,321,327$22,639,140$17,966,173$47,776,464
80$53,161,373$23,659,728$18,479,310$52,337,086
81$58,492,308$24,727,530$19,006,842$57,352,013
82$64,364,115$25,844,771$19,549,163$62,867,187
83$70,831,873$27,013,783$20,106,678$68,933,220
84$77,956,274$28,237,009$20,679,803$75,605,868
85$85,804,201$29,517,009$21,268,963$82,946,561
86$94,449,352$30,856,465$21,874,596$91,022,974
87$103,972,942$32,258,188$22,497,151$99,909,668
88$114,464,465$33,725,122$23,137,088$109,688,792
89$126,022,542$35,260,354$23,794,882$120,450,852
90$138,755,848$36,867,118$24,471,017$132,295,566
91$152,784,139$38,548,802$25,165,991$145,332,802
92$168,239,385$40,308,957$25,880,315$159,683,613
93$185,267,011$42,151,304$26,614,514$175,481,374
94$204,027,271$44,079,744$27,369,126$192,873,042
95$224,696,764$46,098,362$28,144,703$212,020,538
96$247,470,094$48,211,442$28,941,811$233,102,272
97$272,561,713$50,423,472$29,761,031$256,314,826
98$300,207,942$52,739,156$30,602,959$281,874,804
99$330,669,202$55,163,424$31,468,208$310,020,872
100$364,232,471$57,701,443$32,357,404$341,016,013