Can I retire at age 66 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$957,917$949,385$941,060$932,934$925,000$901,176
2 years$474,216$465,385$456,825$448,526$440,476$416,633
3 years$313,004$304,134$295,596$287,375$279,456$256,339
4 years$232,413$223,571$215,118$207,038$199,311$177,097
5 years$184,072$175,282$166,941$159,025$151,513$130,264
6 years$151,855$143,131$134,913$127,173$119,887$99,625
7 years$128,851$120,201$112,113$104,556$97,500$78,226
8 years$111,607$103,035$95,081$87,710$80,886$62,591
9 years$98,201$89,710$81,893$74,709$68,118$50,785
10 years$87,483$79,075$71,396$64,400$58,040$41,649
11 years$78,720$70,396$62,856$56,047$49,916$34,443
12 years$71,422$63,184$55,783$49,161$43,256$28,674
13 years$65,252$57,100$49,839$43,402$37,720$23,998
14 years$59,968$51,902$44,780$38,527$33,065$20,173
15 years$55,392$47,413$40,431$34,360$29,113$17,018
16 years$51,392$43,501$36,656$30,765$25,730$14,399
17 years$47,867$40,063$33,356$27,642$22,814$12,213
18 years$44,737$37,020$30,449$24,911$20,285$10,380
19 years$41,939$34,309$27,875$22,509$18,081$8,838
20 years$39,425$31,882$25,582$20,387$16,150$7,536
21 years$37,153$29,697$23,531$18,502$14,453$6,433
22 years$35,090$27,721$21,687$16,823$12,955$5,498
23 years$33,209$25,927$20,024$15,321$11,629$4,703
24 years$31,488$24,292$18,519$13,973$10,452$4,026
25 years$29,907$22,797$17,152$12,761$9,405$3,448
26 years$28,449$21,425$15,908$11,668$8,472$2,955
27 years$27,102$20,164$14,772$10,680$7,638$2,534
28 years$25,854$19,000$13,732$9,785$6,892$2,173
29 years$24,694$17,924$12,779$8,973$6,223$1,865
30 years$23,613$16,928$11,903$8,235$5,623$1,601
31 years$22,603$16,002$11,097$7,564$5,084$1,374
32 years$21,659$15,141$10,354$6,951$4,599$1,180
33 years$20,774$14,339$9,667$6,392$4,162$1,014
34 years$19,943$13,590$9,033$5,881$3,768$871
35 years$19,160$12,890$8,445$5,414$3,413$748
36 years$18,423$12,235$7,900$4,986$3,092$643
37 years$17,728$11,620$7,394$4,594$2,803$552
38 years$17,071$11,043$6,924$4,235$2,541$475
39 years$16,449$10,501$6,487$3,904$2,304$408
40 years$15,859$9,991$6,081$3,601$2,090$351
41 years$15,300$9,510$5,702$3,323$1,896$301
42 years$14,768$9,057$5,348$3,066$1,720$259
43 years$14,263$8,630$5,019$2,831$1,561$223
44 years$13,782$8,226$4,711$2,614$1,417$191
45 years$13,324$7,844$4,423$2,414$1,287$165
46 years$12,887$7,483$4,155$2,230$1,168$141
47 years$12,470$7,141$3,903$2,060$1,061$122
48 years$12,072$6,817$3,668$1,903$963$105
49 years$11,690$6,510$3,448$1,759$875$90
50 years$11,326$6,219$3,241$1,626$795$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $11,600,000, adding $6,079 every year, while hoping to spend $45,626 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: 57/20/23 Blend
65$11,600,000$11,600,000$11,600,000$11,600,000
66$12,789,470$12,174,670$11,994,870$13,438,590
67$14,045,451$12,722,684$12,348,153$14,430,618
68$15,428,012$13,296,020$12,711,741$15,505,889
69$16,950,017$13,895,873$13,085,932$16,676,836
70$18,625,639$14,523,491$13,471,032$17,952,699
71$20,470,497$15,180,185$13,867,354$19,343,637
72$22,501,799$15,867,325$14,275,221$20,860,824
73$24,738,508$16,586,350$14,694,967$22,516,553
74$27,201,519$17,338,764$15,126,932$24,324,345
75$29,913,858$18,126,147$15,571,467$26,299,078
76$32,900,895$18,950,153$16,028,935$28,457,123
77$36,190,588$19,812,512$16,499,707$30,816,492
78$39,813,746$20,715,042$16,984,164$33,397,008
79$43,804,314$21,659,646$17,482,700$36,220,488
80$48,199,701$22,648,316$17,995,718$39,310,945
81$53,041,130$23,683,142$18,523,633$42,694,807
82$58,374,023$24,766,314$19,066,873$46,401,170
83$64,248,437$25,900,127$19,625,877$50,462,060
84$70,719,529$27,086,985$20,201,095$54,912,737
85$77,848,081$28,329,408$20,792,992$59,792,019
86$85,701,074$29,630,037$21,402,046$65,142,647
87$94,352,315$30,991,640$22,028,746$71,011,681
88$103,883,139$32,417,119$22,673,597$77,450,938
89$114,383,175$33,909,513$23,337,118$84,517,478
90$125,951,188$35,472,009$24,019,841$92,274,137
91$138,696,019$37,107,946$24,722,315$100,790,112
92$152,737,603$38,820,826$25,445,102$110,141,609
93$168,208,108$40,614,316$26,188,783$120,412,554
94$185,253,179$42,492,262$26,953,952$131,695,382
95$204,033,315$44,458,694$27,741,221$144,091,899
96$224,725,381$46,517,838$28,551,219$157,714,238
97$247,524,278$48,674,120$29,384,594$172,685,907
98$272,644,786$50,932,183$30,242,009$189,142,949
99$300,323,586$53,296,892$31,124,148$207,235,218
100$330,821,498$55,773,346$32,031,713$227,127,781