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%16.1%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,104,058
2 years$580,506$569,695$559,217$549,058$539,204$510,902
3 years$383,160$372,302$361,850$351,787$342,093$314,643
4 years$284,506$273,681$263,334$253,443$243,984$217,597
5 years$225,329$214,569$204,358$194,668$185,472$160,223
6 years$185,891$175,212$165,152$155,678$146,758$122,671
7 years$157,732$147,143$137,242$127,991$119,354$96,431
8 years$136,622$126,129$116,392$107,369$99,015$77,247
9 years$120,212$109,818$100,248$91,454$83,385$62,753
10 years$107,092$96,799$87,399$78,834$71,048$51,529
11 years$96,364$86,174$76,945$68,610$61,104$42,668
12 years$87,430$77,345$68,286$60,180$52,951$35,567
13 years$79,877$69,898$61,009$53,130$46,175$29,808
14 years$73,408$63,535$54,817$47,163$40,476$25,091
15 years$67,807$58,040$49,493$42,061$35,639$21,196
16 years$62,911$53,251$44,872$37,661$31,498$17,960
17 years$58,596$49,042$40,832$33,838$27,928$15,256
18 years$54,764$45,317$37,274$30,495$24,832$12,986
19 years$51,339$41,999$34,123$27,555$22,133$11,073
20 years$48,261$39,028$31,316$24,956$19,770$9,455
21 years$45,480$36,353$28,805$22,649$17,692$8,085
22 years$42,955$33,934$26,548$20,593$15,858$6,920
23 years$40,653$31,738$24,513$18,755$14,235$5,928
24 years$38,545$29,736$22,670$17,105$12,795$5,083
25 years$36,610$27,906$20,997$15,622$11,514$4,361
26 years$34,826$26,227$19,474$14,284$10,371$3,743
27 years$33,177$24,683$18,083$13,074$9,350$3,215
28 years$31,649$23,259$16,810$11,979$8,437$2,762
29 years$30,228$21,942$15,644$10,985$7,618$2,374
30 years$28,905$20,722$14,571$10,081$6,884$2,041
31 years$27,670$19,589$13,584$9,259$6,224$1,755
32 years$26,514$18,535$12,675$8,509$5,630$1,510
33 years$25,430$17,553$11,834$7,825$5,095$1,299
34 years$24,412$16,636$11,057$7,200$4,613$1,117
35 years$23,455$15,779$10,338$6,628$4,178$962
36 years$22,553$14,977$9,671$6,104$3,785$828
37 years$21,701$14,225$9,052$5,624$3,431$712
38 years$20,897$13,518$8,476$5,184$3,110$613
39 years$20,135$12,855$7,942$4,780$2,821$528
40 years$19,414$12,230$7,444$4,408$2,558$455
41 years$18,729$11,642$6,980$4,067$2,321$391
42 years$18,079$11,087$6,547$3,754$2,106$337
43 years$17,460$10,564$6,144$3,465$1,911$290
44 years$16,872$10,070$5,767$3,199$1,735$250
45 years$16,311$9,602$5,415$2,955$1,575$215
46 years$15,776$9,160$5,086$2,729$1,430$185
47 years$15,265$8,742$4,778$2,522$1,299$160
48 years$14,777$8,345$4,490$2,330$1,179$137
49 years$14,311$7,969$4,220$2,153$1,071$118
50 years$13,864$7,612$3,968$1,990$973$102

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 $2,661 every year, while hoping to spend $38,620 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: 58/20/22 Blend
64$14,200,000$14,200,000$14,200,000$14,200,000
65$15,651,145$14,898,545$14,678,445$16,466,529
66$17,206,470$15,587,482$15,129,081$17,710,977
67$18,919,144$16,308,883$15,593,520$19,062,698
68$20,805,176$17,064,297$16,072,182$20,535,595
69$22,882,206$17,855,350$16,565,502$22,141,384
70$25,169,672$18,683,743$17,073,927$23,892,947
71$27,688,995$19,551,263$17,597,920$25,804,455
72$30,463,777$20,459,779$18,137,955$27,891,494
73$33,520,027$21,411,253$18,694,521$30,171,212
74$36,886,407$22,407,742$19,268,125$32,662,474
75$40,594,499$23,451,400$19,859,286$35,386,036
76$44,679,105$24,544,485$20,468,539$38,364,739
77$49,178,576$25,689,367$21,096,437$41,623,716
78$54,135,172$26,888,528$21,743,549$45,190,631
79$59,595,463$28,144,569$22,410,461$49,095,927
80$65,610,767$29,460,219$23,097,778$53,373,115
81$72,237,633$30,838,338$23,806,122$58,059,081
82$79,538,379$32,281,923$24,536,134$63,194,430
83$87,581,674$33,794,119$25,288,475$68,823,864
84$96,443,193$35,378,219$26,063,827$74,996,595
85$106,206,325$37,037,677$26,862,891$81,766,809
86$116,962,963$38,776,116$27,686,391$89,194,163
87$128,814,371$40,597,332$28,535,071$97,344,348
88$141,872,139$42,505,304$29,409,699$106,289,698
89$156,259,240$44,504,206$30,311,066$116,109,866
90$172,111,183$46,598,413$31,239,987$126,892,569
91$189,577,300$48,792,511$32,197,303$138,734,407
92$208,822,150$51,091,310$33,183,878$151,741,765
93$230,027,076$53,499,850$34,200,604$166,031,812
94$253,391,913$56,023,419$35,248,401$181,733,592
95$279,136,880$58,667,558$36,328,213$198,989,238
96$307,504,651$61,438,078$37,441,018$217,955,299
97$338,762,653$64,341,071$38,587,820$238,804,210
98$373,205,586$67,382,926$39,769,654$261,725,908
99$411,158,206$70,570,339$40,987,588$286,929,612
100$452,978,391$73,910,334$42,242,720$314,645,787