Can I retire at age 65 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,109,919
2 years$580,506$569,695$559,217$549,058$539,204$516,722
3 years$383,160$372,302$361,850$351,787$342,093$320,240
4 years$284,506$273,681$263,334$253,443$243,984$222,927
5 years$225,329$214,569$204,358$194,668$185,472$165,272
6 years$185,891$175,212$165,152$155,678$146,758$127,436
7 years$157,732$147,143$137,242$127,991$119,354$100,914
8 years$136,622$126,129$116,392$107,369$99,015$81,453
9 years$120,212$109,818$100,248$91,454$83,385$66,689
10 years$107,092$96,799$87,399$78,834$71,048$55,202
11 years$96,364$86,174$76,945$68,610$61,104$46,089
12 years$87,430$77,345$68,286$60,180$52,951$38,746
13 years$79,877$69,898$61,009$53,130$46,175$32,755
14 years$73,408$63,535$54,817$47,163$40,476$27,817
15 years$67,807$58,040$49,493$42,061$35,639$23,713
16 years$62,911$53,251$44,872$37,661$31,498$20,278
17 years$58,596$49,042$40,832$33,838$27,928$17,387
18 years$54,764$45,317$37,274$30,495$24,832$14,942
19 years$51,339$41,999$34,123$27,555$22,133$12,865
20 years$48,261$39,028$31,316$24,956$19,770$11,094
21 years$45,480$36,353$28,805$22,649$17,692$9,581
22 years$42,955$33,934$26,548$20,593$15,858$8,283
23 years$40,653$31,738$24,513$18,755$14,235$7,169
24 years$38,545$29,736$22,670$17,105$12,795$6,210
25 years$36,610$27,906$20,997$15,622$11,514$5,383
26 years$34,826$26,227$19,474$14,284$10,371$4,669
27 years$33,177$24,683$18,083$13,074$9,350$4,052
28 years$31,649$23,259$16,810$11,979$8,437$3,519
29 years$30,228$21,942$15,644$10,985$7,618$3,057
30 years$28,905$20,722$14,571$10,081$6,884$2,656
31 years$27,670$19,589$13,584$9,259$6,224$2,309
32 years$26,514$18,535$12,675$8,509$5,630$2,008
33 years$25,430$17,553$11,834$7,825$5,095$1,746
34 years$24,412$16,636$11,057$7,200$4,613$1,519
35 years$23,455$15,779$10,338$6,628$4,178$1,321
36 years$22,553$14,977$9,671$6,104$3,785$1,150
37 years$21,701$14,225$9,052$5,624$3,431$1,001
38 years$20,897$13,518$8,476$5,184$3,110$871
39 years$20,135$12,855$7,942$4,780$2,821$758
40 years$19,414$12,230$7,444$4,408$2,558$660
41 years$18,729$11,642$6,980$4,067$2,321$575
42 years$18,079$11,087$6,547$3,754$2,106$500
43 years$17,460$10,564$6,144$3,465$1,911$436
44 years$16,872$10,070$5,767$3,199$1,735$379
45 years$16,311$9,602$5,415$2,955$1,575$330
46 years$15,776$9,160$5,086$2,729$1,430$288
47 years$15,265$8,742$4,778$2,522$1,299$251
48 years$14,777$8,345$4,490$2,330$1,179$218
49 years$14,311$7,969$4,220$2,153$1,071$190
50 years$13,864$7,612$3,968$1,990$973$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,200,000, adding $6,281 every year, while hoping to spend $25,642 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: 40/35/25 Blend
64$14,200,000$14,200,000$14,200,000$14,200,000
65$15,654,879$14,902,279$14,682,179$16,165,121
66$17,224,394$15,605,208$15,146,749$17,237,315
67$18,953,139$16,341,720$15,626,023$18,393,647
68$20,857,331$17,113,436$16,120,466$19,644,160
69$22,954,835$17,922,051$16,630,558$20,997,479
70$25,265,342$18,769,345$17,156,795$22,463,064
71$27,810,548$19,657,184$17,699,689$24,051,295
72$30,614,361$20,587,523$18,259,765$25,773,566
73$33,703,128$21,562,414$18,837,570$27,642,384
74$37,105,881$22,584,006$19,433,662$29,671,482
75$40,854,613$23,654,555$20,048,623$31,875,938
76$44,984,580$24,776,425$20,683,048$34,272,317
77$49,534,632$25,952,094$21,337,555$36,878,813
78$54,547,581$27,184,163$22,012,779$39,715,416
79$60,070,603$28,475,356$22,709,376$42,804,092
80$66,155,687$29,828,531$23,428,023$46,168,981
81$72,860,123$31,246,685$24,169,418$49,836,617
82$80,247,044$32,732,960$24,934,281$53,836,170
83$88,386,018$34,290,651$25,723,355$58,199,707
84$97,353,712$35,923,213$26,537,408$62,962,489
85$107,234,609$37,634,269$27,377,229$68,163,291
86$118,121,807$39,427,617$28,243,635$73,844,756
87$130,117,903$41,307,241$29,137,467$80,053,789
88$143,335,951$43,277,318$30,059,595$86,841,982
89$157,900,540$45,342,229$31,010,913$94,266,095
90$173,948,963$47,506,566$31,992,347$102,388,571
91$191,632,517$49,775,147$33,004,850$111,278,116
92$211,117,927$52,153,022$34,049,406$121,010,332
93$232,588,923$54,645,488$35,127,029$131,668,415
94$256,247,976$57,258,100$36,238,767$143,343,923
95$282,318,205$59,996,682$37,385,700$156,137,625
96$311,045,484$62,867,341$38,568,943$170,160,432
97$342,700,766$65,876,484$39,789,646$185,534,431
98$377,582,639$69,030,827$41,048,994$202,394,011
99$416,020,145$72,337,414$42,348,213$220,887,117
100$458,375,885$75,803,633$43,688,563$241,176,621