Can I retire at age 66 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$949,659$941,200$932,947$924,892$917,026$901,093
2 years$470,128$461,373$452,887$444,660$436,679$420,678
3 years$310,306$301,512$293,048$284,898$277,047$261,477
4 years$230,410$221,643$213,264$205,253$197,592$182,573
5 years$182,485$173,771$165,501$157,654$150,207$135,781
6 years$150,546$141,897$133,750$126,077$118,853$105,038
7 years$127,741$119,165$111,147$103,655$96,660$83,458
8 years$110,645$102,146$94,261$86,953$80,188$67,599
9 years$97,355$88,937$81,187$74,065$67,530$55,544
10 years$86,729$78,393$70,781$63,845$57,539$46,147
11 years$78,041$69,789$62,314$55,564$49,486$38,675
12 years$70,806$62,639$55,302$48,737$42,883$32,639
13 years$64,689$56,607$49,409$43,028$37,395$27,702
14 years$59,451$51,454$44,394$38,195$32,780$23,621
15 years$54,914$47,005$40,082$34,063$28,862$20,220
16 years$50,949$43,126$36,340$30,500$25,509$17,365
17 years$47,454$39,717$33,068$27,404$22,618$14,953
18 years$44,351$36,701$30,187$24,697$20,111$12,906
19 years$41,578$34,014$27,635$22,315$17,925$11,162
20 years$39,085$31,607$25,362$20,211$16,011$9,669
21 years$36,832$29,441$23,328$18,343$14,328$8,388
22 years$34,787$27,482$21,500$16,678$12,843$7,285
23 years$32,923$25,703$19,852$15,189$11,529$6,335
24 years$31,216$24,082$18,359$13,853$10,362$5,513
25 years$29,649$22,600$17,005$12,651$9,324$4,802
26 years$28,204$21,240$15,771$11,568$8,399$4,185
27 years$26,869$19,990$14,645$10,588$7,572$3,650
28 years$25,631$18,836$13,614$9,701$6,833$3,185
29 years$24,481$17,770$12,669$8,896$6,170$2,780
30 years$23,409$16,782$11,801$8,164$5,575$2,428
31 years$22,408$15,864$11,002$7,498$5,040$2,121
32 years$21,472$15,011$10,265$6,891$4,559$1,853
33 years$20,595$14,215$9,584$6,337$4,126$1,620
34 years$19,771$13,473$8,955$5,831$3,736$1,416
35 years$18,995$12,779$8,372$5,367$3,384$1,239
36 years$18,265$12,129$7,832$4,943$3,066$1,083
37 years$17,575$11,520$7,331$4,555$2,779$948
38 years$16,923$10,948$6,865$4,198$2,519$829
39 years$16,307$10,410$6,432$3,871$2,284$725
40 years$15,722$9,905$6,028$3,570$2,072$635
41 years$15,168$9,428$5,653$3,294$1,880$555
42 years$14,641$8,979$5,302$3,040$1,706$486
43 years$14,140$8,555$4,976$2,806$1,548$425
44 years$13,664$8,155$4,670$2,591$1,405$372
45 years$13,209$7,777$4,385$2,393$1,276$326
46 years$12,776$7,419$4,119$2,210$1,158$285
47 years$12,363$7,080$3,870$2,042$1,052$250
48 years$11,967$6,758$3,636$1,887$955$219
49 years$11,590$6,454$3,418$1,744$867$191
50 years$11,228$6,165$3,213$1,612$788$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,500,000, adding $4,402 every year, while hoping to spend $40,668 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: 72/14/14 Blend
65$11,500,000$11,500,000$11,500,000$11,500,000
66$12,677,541$12,068,041$11,889,791$13,551,128
67$13,927,379$12,616,104$12,244,828$14,678,723
68$15,303,339$13,189,660$12,610,397$15,907,706
69$16,818,240$13,789,914$12,986,805$17,252,425
70$18,486,211$14,418,130$13,374,374$18,724,320
71$20,322,818$15,075,633$13,773,430$20,335,985
72$22,345,217$15,763,810$14,184,311$22,101,285
73$24,572,309$16,484,117$14,607,365$24,035,480
74$27,024,923$17,238,076$15,042,950$26,155,372
75$29,726,009$18,027,286$15,491,433$28,479,461
76$32,700,860$18,853,421$15,953,194$31,028,113
77$35,977,343$19,718,234$16,428,621$33,823,755
78$39,586,169$20,623,565$16,918,117$36,891,082
79$43,561,178$21,571,339$17,422,094$40,257,287
80$47,939,661$22,563,577$17,940,976$43,952,315
81$52,762,709$23,602,395$18,475,202$48,009,145
82$58,075,603$24,690,011$19,025,219$52,464,097
83$63,928,243$25,828,749$19,591,492$57,357,169
84$70,375,613$27,021,047$20,174,496$62,732,416
85$77,478,305$28,269,458$20,774,722$68,638,360
86$85,303,090$29,576,660$21,392,673$75,128,447
87$93,923,546$30,945,457$22,028,868$82,261,543
88$103,420,754$32,378,790$22,683,841$90,102,491
89$113,884,063$33,879,743$23,358,142$98,722,715
90$125,411,933$35,451,546$24,052,335$108,200,895
91$138,112,864$37,097,585$24,767,002$118,623,701
92$152,106,420$38,821,411$25,502,741$130,086,607
93$167,524,360$40,626,746$26,260,168$142,694,793
94$184,511,877$42,517,488$27,039,916$156,564,123
95$203,228,971$44,497,728$27,842,636$171,822,246
96$223,851,961$46,571,752$28,668,999$188,609,785
97$246,575,146$48,744,052$29,519,695$207,081,665
98$271,612,639$51,019,339$30,395,433$227,408,566
99$299,200,392$53,402,550$31,296,944$249,778,534
100$329,598,418$55,898,861$32,224,978$274,398,742