Can I retire at age 65 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$974,433$965,753$957,285$949,019$940,949$924,980
2 years$482,393$473,408$464,701$456,259$448,071$432,032
3 years$318,401$309,378$300,693$292,330$284,274$268,664
4 years$236,421$227,425$218,827$210,607$202,747$187,686
5 years$187,245$178,304$169,819$161,766$154,125$139,657
6 years$154,473$145,599$137,239$129,366$121,954$108,095
7 years$131,073$122,274$114,046$106,359$99,181$85,936
8 years$113,531$104,811$96,720$89,222$82,280$69,645
9 years$99,894$91,257$83,305$75,997$69,292$57,260
10 years$88,992$80,438$72,627$65,510$59,040$47,602
11 years$80,077$71,610$63,940$57,014$50,777$39,919
12 years$72,653$64,273$56,745$50,009$44,002$33,711
13 years$66,377$58,084$50,698$44,150$38,370$28,630
14 years$61,001$52,797$45,552$39,192$33,635$24,430
15 years$56,347$48,231$41,128$34,952$29,615$20,926
16 years$52,278$44,251$37,288$31,296$26,174$17,984
17 years$48,692$40,753$33,931$28,119$23,208$15,497
18 years$45,508$37,658$30,974$25,341$20,635$13,386
19 years$42,662$34,901$28,356$22,898$18,393$11,585
20 years$40,104$32,432$26,023$20,738$16,429$10,043
21 years$37,793$30,209$23,936$18,821$14,702$8,719
22 years$35,695$28,199$22,061$17,113$13,178$7,579
23 years$33,782$26,374$20,370$15,585$11,829$6,595
24 years$32,031$24,711$18,838$14,214$10,633$5,744
25 years$30,422$23,190$17,448$12,981$9,568$5,007
26 years$28,940$21,795$16,182$11,870$8,618$4,367
27 years$27,570$20,511$15,027$10,864$7,770$3,812
28 years$26,300$19,328$13,969$9,954$7,011$3,329
29 years$25,119$18,233$13,000$9,128$6,331$2,908
30 years$24,020$17,219$12,109$8,377$5,720$2,542
31 years$22,993$16,278$11,289$7,694$5,172$2,222
32 years$22,033$15,402$10,532$7,071$4,678$1,944
33 years$21,132$14,586$9,834$6,502$4,234$1,700
34 years$20,286$13,825$9,188$5,983$3,833$1,488
35 years$19,491$13,112$8,591$5,507$3,472$1,302
36 years$18,741$12,446$8,036$5,072$3,146$1,140
37 years$18,034$11,820$7,522$4,673$2,851$998
38 years$17,365$11,234$7,044$4,308$2,585$874
39 years$16,732$10,682$6,599$3,972$2,344$765
40 years$16,132$10,163$6,186$3,663$2,126$670
41 years$15,564$9,674$5,800$3,380$1,929$587
42 years$15,023$9,213$5,441$3,119$1,750$514
43 years$14,509$8,779$5,105$2,879$1,588$450
44 years$14,020$8,368$4,792$2,659$1,442$395
45 years$13,554$7,979$4,500$2,455$1,309$346
46 years$13,109$7,612$4,226$2,268$1,188$303
47 years$12,685$7,264$3,971$2,095$1,079$265
48 years$12,280$6,935$3,731$1,936$980$232
49 years$11,892$6,622$3,507$1,789$890$204
50 years$11,521$6,326$3,297$1,654$808$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,800,000, adding $4,564 every year, while hoping to spend $43,109 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: 26/44/30 Blend
64$11,800,000$11,800,000$11,800,000$11,800,000
65$13,008,308$12,382,908$12,200,008$13,224,934
66$14,289,288$12,943,803$12,562,840$13,966,283
67$15,699,482$13,530,736$12,936,383$14,757,138
68$17,252,027$14,144,940$13,320,949$15,604,786
69$18,961,393$14,787,702$13,716,861$16,514,069
70$20,843,530$15,460,373$14,124,450$17,490,282
71$22,916,008$16,164,370$14,544,057$18,539,220
72$25,198,192$16,901,176$14,976,035$19,667,224
73$27,711,419$17,672,344$15,420,743$20,881,237
74$30,479,200$18,479,505$15,878,554$22,188,863
75$33,527,442$19,324,365$16,349,849$23,598,432
76$36,884,695$20,208,713$16,835,023$25,119,071
77$40,582,418$21,134,424$17,334,480$26,760,785
78$44,655,277$22,103,462$17,848,637$28,534,542
79$49,141,470$23,117,887$18,377,922$30,452,371
80$54,083,093$24,179,857$18,922,775$32,527,465
81$59,526,531$25,291,632$19,483,651$34,774,299
82$65,522,899$26,455,584$20,061,015$37,208,758
83$72,128,524$27,674,197$20,655,348$39,848,275
84$79,405,474$28,950,073$21,267,143$42,711,990
85$87,422,149$30,285,943$21,896,909$45,820,917
86$96,253,919$31,684,665$22,545,166$49,198,134
87$105,983,844$33,149,239$23,212,454$52,868,989
88$116,703,450$34,682,805$23,899,325$56,861,329
89$128,513,597$36,288,657$24,606,348$61,205,748
90$141,525,430$37,970,248$25,334,107$65,935,866
91$155,861,429$39,731,195$26,083,204$71,088,634
92$171,656,562$41,575,292$26,854,260$76,704,665
93$189,059,564$43,506,513$27,647,909$82,828,606
94$208,234,333$45,529,026$28,464,808$89,509,546
95$229,361,485$47,647,199$29,305,629$96,801,458
96$252,640,056$49,865,610$30,171,067$104,763,700
97$278,289,377$52,189,061$31,061,833$113,461,550
98$306,551,150$54,622,581$31,978,661$122,966,811
99$337,691,726$57,171,447$32,922,305$133,358,467
100$372,004,620$59,841,186$33,893,540$144,723,407