Can I retire at age 66 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$933,143$924,831$916,722$908,807$901,078$872,234
2 years$461,952$453,349$445,011$436,926$429,085$400,291
3 years$304,909$296,268$287,951$279,943$272,229$244,389
4 years$226,403$217,789$209,555$201,683$194,156$167,483
5 years$179,311$170,749$162,623$154,912$147,594$122,160
6 years$147,927$139,429$131,424$123,884$116,786$92,612
7 years$125,519$117,093$109,214$101,852$94,979$72,061
8 years$108,720$100,370$92,622$85,441$78,794$57,118
9 years$95,662$87,390$79,775$72,777$66,356$45,897
10 years$85,221$77,030$69,550$62,734$56,538$37,266
11 years$76,684$68,575$61,231$54,598$48,625$30,502
12 years$69,575$61,550$54,341$47,890$42,137$25,126
13 years$63,564$55,623$48,550$42,279$36,745$20,803
14 years$58,417$50,560$43,622$37,531$32,210$17,295
15 years$53,959$46,187$39,385$33,471$28,360$14,426
16 years$50,063$42,376$35,708$29,970$25,065$12,067
17 years$46,629$39,027$32,493$26,927$22,224$10,116
18 years$43,580$36,062$29,662$24,267$19,761$8,497
19 years$40,855$33,422$27,154$21,927$17,613$7,148
20 years$38,405$31,057$24,921$19,859$15,732$6,021
21 years$36,192$28,929$22,922$18,024$14,079$5,077
22 years$34,182$27,004$21,126$16,388$12,620$4,285
23 years$32,350$25,256$19,506$14,925$11,328$3,619
24 years$30,673$23,664$18,040$13,612$10,182$3,059
25 years$29,133$22,207$16,709$12,431$9,162$2,587
26 years$27,714$20,871$15,497$11,367$8,253$2,189
27 years$26,402$19,642$14,390$10,404$7,441$1,852
28 years$25,185$18,509$13,377$9,532$6,714$1,568
29 years$24,055$17,461$12,449$8,741$6,063$1,328
30 years$23,002$16,490$11,596$8,022$5,478$1,125
31 years$22,019$15,588$10,810$7,368$4,953$953
32 years$21,099$14,750$10,086$6,771$4,480$808
33 years$20,237$13,968$9,417$6,227$4,054$685
34 years$19,427$13,239$8,799$5,729$3,671$580
35 years$18,665$12,557$8,227$5,274$3,325$492
36 years$17,947$11,918$7,696$4,857$3,012$417
37 years$17,269$11,320$7,203$4,475$2,730$354
38 years$16,629$10,758$6,745$4,125$2,475$300
39 years$16,023$10,229$6,320$3,803$2,245$254
40 years$15,449$9,732$5,923$3,508$2,036$216
41 years$14,904$9,264$5,554$3,237$1,847$183
42 years$14,387$8,823$5,210$2,987$1,676$155
43 years$13,894$8,407$4,889$2,757$1,521$131
44 years$13,426$8,013$4,589$2,546$1,381$111
45 years$12,980$7,641$4,309$2,351$1,253$95
46 years$12,554$7,290$4,047$2,172$1,138$80
47 years$12,148$6,956$3,802$2,007$1,033$68
48 years$11,759$6,641$3,573$1,854$938$58
49 years$11,388$6,342$3,358$1,714$852$49
50 years$11,033$6,058$3,157$1,584$774$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,300,000, adding $2,559 every year, while hoping to spend $30,705 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: 45/50/5 Blend
65$11,300,000$11,300,000$11,300,000$11,300,000
66$12,455,240$11,856,340$11,681,190$12,998,639
67$13,693,004$12,404,630$12,039,840$13,921,103
68$15,055,992$12,978,758$12,409,475$14,917,313
69$16,556,942$13,579,957$12,790,432$15,996,726
70$18,209,895$14,209,519$13,183,056$17,166,998
71$20,030,319$14,868,801$13,587,704$18,436,532
72$22,035,262$15,559,222$14,004,742$19,814,543
73$24,243,507$16,282,272$14,434,549$21,311,149
74$26,675,753$17,039,513$14,877,515$22,937,452
75$29,354,810$17,832,579$15,334,042$24,705,643
76$32,305,812$18,663,186$15,804,544$26,629,106
77$35,556,456$19,533,133$16,289,447$28,722,543
78$39,137,262$20,444,304$16,789,191$31,002,099
79$43,081,863$21,398,675$17,304,229$33,485,513
80$47,427,320$22,398,317$17,835,027$36,192,274
81$52,214,473$23,445,402$18,382,067$39,143,799
82$57,488,327$24,542,204$18,945,845$42,363,624
83$63,298,476$25,691,112$19,526,870$45,877,621
84$69,699,570$26,894,626$20,125,669$49,714,231
85$76,751,832$28,155,368$20,742,785$53,904,722
86$84,521,626$29,476,088$21,378,775$58,483,475
87$93,082,083$30,859,668$22,034,216$63,488,298
88$102,513,794$32,309,130$22,709,701$68,960,770
89$112,905,566$33,827,642$23,405,840$74,946,624
90$124,355,262$35,418,525$24,123,264$81,496,166
91$136,970,727$37,085,261$24,862,622$88,664,736
92$150,870,804$38,831,501$25,624,582$96,513,217
93$166,186,453$40,661,072$26,409,833$105,108,597
94$183,061,994$42,577,988$27,219,085$114,524,583
95$201,656,462$44,586,454$28,053,070$124,842,289
96$222,145,114$46,690,883$28,912,540$136,150,974
97$244,721,079$48,895,899$29,798,273$148,548,878
98$269,597,182$51,206,352$30,711,069$162,144,127
99$297,007,957$53,627,325$31,651,752$177,055,735
100$327,211,854$56,164,150$32,621,171$193,414,707