Can I retire at age 65 with 14,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,132,167
2 years$584,594$573,707$563,155$552,924$543,001$534,798
3 years$385,858$374,924$364,399$354,264$344,502$336,485
4 years$286,510$275,609$265,189$255,227$245,702$237,932
5 years$226,916$216,081$205,797$196,039$186,779$179,280
6 years$187,200$176,446$166,315$156,774$147,792$140,573
7 years$158,843$148,179$138,208$128,893$120,194$113,259
8 years$137,584$127,017$117,212$108,125$99,713$93,061
9 years$121,058$110,591$100,954$92,098$83,972$77,603
10 years$107,846$97,481$88,014$79,390$71,549$65,458
11 years$97,042$86,781$77,486$69,093$61,534$55,717
12 years$88,046$77,890$68,767$60,604$53,324$47,776
13 years$80,440$70,390$61,439$53,504$46,500$41,215
14 years$73,925$63,982$55,203$47,495$40,761$35,733
15 years$68,285$58,449$49,841$42,357$35,890$31,111
16 years$63,354$53,626$45,188$37,926$31,719$27,184
17 years$59,008$49,388$41,120$34,076$28,125$23,824
18 years$55,150$45,636$37,537$30,710$25,007$20,935
19 years$51,701$42,295$34,363$27,749$22,289$18,437
20 years$48,601$39,303$31,537$25,132$19,909$16,268
21 years$45,800$36,609$29,008$22,809$17,817$14,379
22 years$43,257$34,173$26,735$20,738$15,970$12,728
23 years$40,939$31,961$24,685$18,887$14,336$11,282
24 years$38,817$29,946$22,830$17,226$12,885$10,011
25 years$36,868$28,103$21,145$15,732$11,595$8,892
26 years$35,071$26,412$19,611$14,384$10,444$7,905
27 years$33,411$24,857$18,210$13,166$9,416$7,033
28 years$31,872$23,422$16,929$12,063$8,496$6,261
29 years$30,441$22,096$15,754$11,062$7,672$5,578
30 years$29,109$20,868$14,674$10,152$6,932$4,972
31 years$27,864$19,727$13,680$9,324$6,267$4,433
32 years$26,700$18,666$12,764$8,569$5,669$3,955
33 years$25,609$17,677$11,918$7,880$5,131$3,530
34 years$24,584$16,753$11,135$7,250$4,645$3,151
35 years$23,620$15,890$10,411$6,674$4,207$2,814
36 years$22,712$15,082$9,739$6,147$3,812$2,514
37 years$21,854$14,325$9,115$5,663$3,455$2,246
38 years$21,044$13,614$8,536$5,220$3,132$2,007
39 years$20,277$12,945$7,997$4,813$2,840$1,794
40 years$19,550$12,316$7,496$4,440$2,576$1,604
41 years$18,861$11,724$7,029$4,096$2,337$1,434
42 years$18,206$11,165$6,593$3,780$2,121$1,282
43 years$17,583$10,638$6,187$3,490$1,925$1,147
44 years$16,990$10,141$5,808$3,222$1,747$1,026
45 years$16,426$9,670$5,453$2,976$1,586$918
46 years$15,887$9,225$5,122$2,749$1,440$821
47 years$15,373$8,803$4,812$2,539$1,308$735
48 years$14,881$8,404$4,522$2,346$1,188$657
49 years$14,411$8,025$4,250$2,169$1,079$588
50 years$13,962$7,666$3,996$2,004$980$526

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,300,000, adding $4,744 every year, while hoping to spend $47,010 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: 68/19/13 Blend
64$14,300,000$14,300,000$14,300,000$14,300,000
65$15,763,493$15,005,593$14,783,943$16,789,187
66$17,321,351$15,690,849$15,229,187$18,157,541
67$19,036,535$16,408,107$15,687,771$19,647,532
68$20,925,043$17,158,885$16,160,092$21,275,935
69$23,004,502$17,944,775$16,646,560$23,056,333
70$25,294,337$18,767,444$17,147,595$25,003,670
71$27,815,951$19,628,641$17,663,631$27,134,392
72$30,592,929$20,530,196$18,195,115$29,466,598
73$33,651,262$21,474,030$18,742,505$32,020,207
74$37,019,587$22,462,153$19,306,275$34,817,146
75$40,729,462$23,496,676$19,886,913$37,881,548
76$44,815,661$24,579,807$20,484,919$41,239,980
77$49,316,505$25,713,864$21,100,809$44,921,687
78$54,274,218$26,901,273$21,735,116$48,958,867
79$59,735,332$28,144,579$22,388,386$53,386,971
80$65,751,121$29,446,449$23,061,182$58,245,028
81$72,378,089$30,809,678$23,754,085$63,576,014
82$79,678,499$32,237,197$24,467,692$69,427,253
83$87,720,962$33,732,076$25,202,616$75,850,854
84$96,581,087$35,297,535$25,959,491$82,904,200
85$106,342,192$36,936,948$26,738,968$90,650,488
86$117,096,089$38,653,852$27,541,717$99,159,314
87$128,943,954$40,451,955$28,368,428$108,507,326
88$141,997,279$42,335,142$29,219,812$118,778,942
89$156,378,926$44,307,489$30,096,600$130,067,141
90$172,224,286$46,373,265$30,999,546$142,474,332
91$189,682,556$48,536,947$31,929,423$156,113,314
92$208,918,148$50,803,229$32,887,030$171,108,333
93$230,112,241$53,177,030$33,873,188$187,596,249
94$253,464,492$55,663,507$34,888,742$205,727,819
95$279,194,918$58,268,067$35,934,563$225,669,109
96$307,545,975$60,996,377$37,011,546$247,603,055
97$338,784,844$63,854,379$38,120,612$271,731,183
98$373,205,957$66,848,302$39,262,712$298,275,496
99$411,133,773$69,984,677$40,438,821$327,480,564
100$452,925,841$73,270,350$41,649,945$359,615,821