Can I retire at age 65 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,082,930
2 years$568,242$557,659$547,403$537,458$527,812$502,287
3 years$375,065$364,436$354,206$344,355$334,866$310,088
4 years$278,495$267,899$257,771$248,088$238,829$214,989
5 years$220,569$210,036$200,041$190,555$181,554$158,719
6 years$181,964$171,510$161,663$152,389$143,658$121,851
7 years$154,399$144,034$134,343$125,287$116,832$96,058
8 years$133,736$123,464$113,933$105,100$96,923$77,173
9 years$117,672$107,498$98,131$89,522$81,624$62,882
10 years$104,829$94,754$85,552$77,169$69,547$51,795
11 years$94,328$84,354$75,319$67,160$59,813$43,025
12 years$85,583$75,711$66,844$58,908$51,833$35,982
13 years$78,190$68,421$59,720$52,007$45,199$30,257
14 years$71,858$62,193$53,659$46,166$39,621$25,556
15 years$66,375$56,814$48,447$41,172$34,886$21,665
16 years$61,582$52,126$43,924$36,865$30,832$18,423
17 years$57,358$48,006$39,969$33,123$27,338$15,705
18 years$53,607$44,360$36,487$29,851$24,308$13,418
19 years$50,255$41,112$33,402$26,973$21,666$11,484
20 years$47,242$38,203$30,655$24,429$19,352$9,844
21 years$44,519$35,585$28,196$22,171$17,318$8,449
22 years$42,047$33,217$25,987$20,158$15,523$7,260
23 years$39,794$31,067$23,995$18,359$13,935$6,244
24 years$37,731$29,108$22,191$16,744$12,525$5,375
25 years$35,836$27,317$20,553$15,292$11,270$4,629
26 years$34,090$25,673$19,062$13,982$10,152$3,990
27 years$32,476$24,161$17,701$12,798$9,153$3,440
28 years$30,980$22,767$16,455$11,726$8,259$2,968
29 years$29,590$21,478$15,313$10,753$7,457$2,561
30 years$28,294$20,284$14,264$9,868$6,738$2,211
31 years$27,085$19,175$13,297$9,063$6,092$1,909
32 years$25,954$18,144$12,407$8,329$5,511$1,649
33 years$24,893$17,182$11,584$7,660$4,987$1,425
34 years$23,897$16,285$10,824$7,047$4,515$1,231
35 years$22,960$15,446$10,119$6,488$4,090$1,064
36 years$22,076$14,660$9,466$5,975$3,705$920
37 years$21,243$13,924$8,860$5,505$3,358$795
38 years$20,455$13,233$8,297$5,074$3,045$687
39 years$19,710$12,583$7,774$4,679$2,761$594
40 years$19,003$11,972$7,286$4,315$2,504$514
41 years$18,333$11,396$6,832$3,981$2,272$444
42 years$17,697$10,853$6,409$3,674$2,062$384
43 years$17,091$10,341$6,014$3,392$1,871$332
44 years$16,515$9,857$5,645$3,132$1,698$287
45 years$15,966$9,400$5,301$2,892$1,542$248
46 years$15,442$8,967$4,978$2,672$1,400$215
47 years$14,943$8,557$4,677$2,468$1,271$186
48 years$14,465$8,169$4,395$2,281$1,154$161
49 years$14,008$7,801$4,131$2,108$1,048$139
50 years$13,571$7,452$3,884$1,948$952$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $13,900,000, adding $6,416 every year, while hoping to spend $57,783 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: 72/9/19 Blend
64$13,900,000$13,900,000$13,900,000$13,900,000
65$15,324,418$14,587,718$14,372,268$16,357,886
66$16,826,028$15,241,036$14,792,258$17,699,209
67$18,478,866$15,924,429$15,224,382$19,160,173
68$20,298,295$16,639,311$15,668,984$20,758,745
69$22,301,246$17,387,162$16,126,419$22,508,569
70$24,506,372$18,169,532$16,597,053$24,424,663
71$26,934,228$18,988,045$17,081,261$26,523,563
72$29,607,464$19,844,405$17,579,428$28,823,478
73$32,551,038$20,740,393$18,091,951$31,344,455
74$35,792,450$21,677,878$18,619,238$34,108,572
75$39,362,004$22,658,818$19,161,707$37,140,141
76$43,293,093$23,685,264$19,719,788$40,465,934
77$47,622,511$24,759,366$20,293,924$44,115,436
78$52,390,806$25,883,374$20,884,569$48,121,121
79$57,642,658$27,059,648$21,492,191$52,518,755
80$63,427,300$28,290,662$22,117,271$57,347,729
81$69,798,986$29,579,005$22,760,301$62,651,432
82$76,817,500$30,927,394$23,421,788$68,477,656
83$84,548,721$32,338,673$24,102,255$74,879,043
84$93,065,246$33,815,823$24,802,235$81,913,580
85$102,447,072$35,361,970$25,522,281$89,645,145
86$112,782,353$36,980,386$26,262,957$98,144,102
87$124,168,232$38,674,503$27,024,845$107,487,966
88$136,711,756$40,447,918$27,808,542$117,762,131
89$150,530,887$42,304,399$28,614,660$129,060,670
90$165,755,618$44,247,895$29,443,832$141,487,219
91$182,529,195$46,282,545$30,296,704$155,155,954
92$201,009,471$48,412,688$31,173,942$170,192,664
93$221,370,398$50,642,871$32,076,230$186,735,933
94$243,803,666$52,977,858$33,004,270$204,938,442
95$268,520,511$55,422,645$33,958,785$224,968,410
96$295,753,714$57,982,466$34,940,515$247,011,174
97$325,759,793$60,662,807$35,950,223$271,270,933
98$358,821,428$63,469,420$36,988,691$297,972,674
99$395,250,124$66,408,332$38,056,722$327,364,285
100$435,389,158$69,485,861$39,155,144$359,718,895