Can I retire at age 65 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$982,691$973,938$965,398$957,062$948,923$931,288
2 years$486,481$477,420$468,640$460,126$451,868$434,167
3 years$321,099$311,999$303,241$294,807$286,684$269,468
4 years$238,424$229,353$220,682$212,392$204,465$187,868
5 years$188,832$179,815$171,258$163,137$155,431$139,499
6 years$155,782$146,833$138,402$130,462$122,987$107,739
7 years$132,184$123,310$115,013$107,260$100,022$85,460
8 years$114,493$105,699$97,540$89,978$82,978$69,100
9 years$100,741$92,030$84,011$76,641$69,879$56,676
10 years$89,746$81,120$73,243$66,065$59,541$47,001
11 years$80,756$72,217$64,482$57,497$51,207$39,316
12 years$73,269$64,818$57,226$50,432$44,375$33,116
13 years$66,939$58,576$51,128$44,524$38,696$28,051
14 years$61,518$53,244$45,938$39,524$33,920$23,871
15 years$56,825$48,640$41,476$35,248$29,866$20,391
16 years$52,721$44,626$37,604$31,561$26,396$17,475
17 years$49,105$41,099$34,218$28,357$23,404$15,016
18 years$45,894$37,977$31,237$25,556$20,810$12,932
19 years$43,024$35,197$28,596$23,092$18,548$11,159
20 years$40,444$32,707$26,244$20,914$16,568$9,645
21 years$38,113$30,465$24,139$18,981$14,826$8,348
22 years$35,997$28,438$22,248$17,258$13,290$7,234
23 years$34,068$26,597$20,542$15,717$11,930$6,276
24 years$32,302$24,920$18,998$14,335$10,723$5,449
25 years$30,680$23,386$17,596$13,091$9,649$4,735
26 years$29,185$21,979$16,319$11,970$8,691$4,117
27 years$27,803$20,685$15,154$10,957$7,836$3,582
28 years$26,523$19,491$14,088$10,039$7,070$3,118
29 years$25,332$18,388$13,110$9,206$6,384$2,715
30 years$24,223$17,365$12,211$8,448$5,769$2,365
31 years$23,188$16,416$11,384$7,759$5,215$2,061
32 years$22,219$15,533$10,622$7,131$4,718$1,796
33 years$21,311$14,710$9,917$6,557$4,270$1,566
34 years$20,458$13,942$9,266$6,033$3,866$1,366
35 years$19,656$13,223$8,663$5,554$3,501$1,191
36 years$18,900$12,551$8,104$5,115$3,172$1,039
37 years$18,186$11,921$7,586$4,713$2,875$907
38 years$17,512$11,329$7,104$4,344$2,607$791
39 years$16,874$10,773$6,655$4,005$2,364$691
40 years$16,269$10,249$6,238$3,694$2,144$603
41 years$15,695$9,756$5,849$3,409$1,945$526
42 years$15,150$9,292$5,487$3,146$1,765$459
43 years$14,632$8,853$5,149$2,904$1,602$401
44 years$14,139$8,439$4,833$2,681$1,454$350
45 years$13,669$8,047$4,538$2,476$1,320$306
46 years$13,221$7,677$4,262$2,287$1,198$267
47 years$12,793$7,326$4,004$2,113$1,088$233
48 years$12,384$6,994$3,763$1,953$988$203
49 years$11,993$6,678$3,537$1,805$898$178
50 years$11,619$6,379$3,325$1,668$815$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $11,900,000, adding $2,443 every year, while hoping to spend $26,756 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: 73/13/14 Blend
64$11,900,000$11,900,000$11,900,000$11,900,000
65$13,116,320$12,485,620$12,301,170$14,033,860
66$14,425,716$13,068,947$12,684,791$15,224,921
67$15,867,775$13,679,961$13,080,367$16,525,636
68$17,455,998$14,319,989$13,488,269$17,949,677
69$19,205,265$14,990,424$13,908,882$19,509,260
70$21,131,974$15,692,727$14,342,601$21,217,832
71$23,254,192$16,428,427$14,789,835$23,090,196
72$25,591,829$17,199,129$15,251,004$25,142,648
73$28,166,825$18,006,516$15,726,542$27,393,131
74$31,003,356$18,852,350$16,216,896$29,861,398
75$34,128,064$19,738,481$16,722,528$32,569,200
76$37,570,307$20,666,847$17,243,913$35,540,489
77$41,362,436$21,639,480$17,781,541$38,801,637
78$45,540,101$22,658,511$18,335,919$42,381,687
79$50,142,586$23,726,173$18,907,567$46,312,622
80$55,213,183$24,844,808$19,497,024$50,629,666
81$60,799,596$26,016,873$20,104,843$55,371,610
82$66,954,396$27,244,940$20,731,596$60,581,179
83$73,735,512$28,531,710$21,377,872$66,305,428
84$81,206,783$29,880,012$22,044,279$72,596,187
85$89,438,556$31,292,814$22,731,444$79,510,543
86$98,508,353$32,773,227$23,440,012$87,111,377
87$108,501,603$34,324,513$24,170,650$95,467,954
88$119,512,444$35,950,091$24,924,044$104,656,571
89$131,644,616$37,653,549$25,700,903$114,761,274
90$145,012,440$39,438,646$26,501,957$125,874,649
91$159,741,895$41,309,325$27,327,958$138,098,686
92$175,971,806$43,269,720$28,179,682$151,545,742
93$193,855,160$45,324,166$29,057,932$166,339,596
94$213,560,545$47,477,209$29,963,530$182,616,608
95$235,273,741$49,733,613$30,897,330$200,527,006
96$259,199,480$52,098,377$31,860,207$220,236,295
97$285,563,369$54,576,740$32,853,067$241,926,816
98$314,614,031$57,174,198$33,876,842$265,799,457
99$346,625,440$59,896,512$34,932,495$292,075,547
100$381,899,518$62,749,724$36,021,016$320,998,935