Can I retire at age 65 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,131,518
2 years$592,771$581,731$571,031$560,658$550,595$525,798
3 years$391,255$380,167$369,495$359,219$349,320$325,232
4 years$290,517$279,463$268,898$258,797$249,138$225,945
5 years$230,090$219,103$208,676$198,781$189,391$167,158
6 years$189,818$178,914$168,641$158,967$149,859$128,610
7 years$161,064$150,252$140,141$130,695$121,875$101,615
8 years$139,508$128,793$118,851$109,637$101,107$81,828
9 years$122,752$112,138$102,366$93,386$85,147$66,836
10 years$109,354$98,844$89,245$80,500$72,549$55,188
11 years$98,400$87,995$78,570$70,059$62,395$45,960
12 years$89,277$78,980$69,729$61,451$54,070$38,537
13 years$81,565$71,374$62,298$54,252$47,150$32,492
14 years$74,959$64,877$55,975$48,159$41,332$27,519
15 years$69,240$59,267$50,538$42,949$36,392$23,394
16 years$64,240$54,376$45,820$38,457$32,163$19,949
17 years$59,834$50,078$41,695$34,553$28,518$17,056
18 years$55,921$46,275$38,062$31,139$25,357$14,614
19 years$52,424$42,887$34,844$28,137$22,601$12,545
20 years$49,281$39,852$31,978$25,483$20,188$10,786
21 years$46,441$37,121$29,413$23,128$18,066$9,286
22 years$43,862$34,651$27,109$21,028$16,193$8,004
23 years$41,511$32,408$25,030$19,151$14,536$6,905
24 years$39,360$30,365$23,149$17,467$13,065$5,963
25 years$37,383$28,496$21,441$15,952$11,757$5,152
26 years$35,562$26,781$19,885$14,585$10,590$4,455
27 years$33,878$25,204$18,465$13,350$9,548$3,854
28 years$32,317$23,750$17,166$12,232$8,615$3,336
29 years$30,867$22,405$15,974$11,217$7,779$2,888
30 years$29,516$21,160$14,879$10,294$7,029$2,502
31 years$28,254$20,003$13,871$9,454$6,355$2,167
32 years$27,074$18,927$12,942$8,689$5,749$1,878
33 years$25,967$17,924$12,084$7,990$5,202$1,628
34 years$24,928$16,988$11,291$7,352$4,710$1,411
35 years$23,951$16,113$10,556$6,768$4,266$1,224
36 years$23,029$15,293$9,875$6,233$3,865$1,061
37 years$22,160$14,525$9,243$5,743$3,503$921
38 years$21,338$13,804$8,656$5,293$3,176$799
39 years$20,561$13,126$8,109$4,881$2,880$693
40 years$19,824$12,489$7,601$4,502$2,612$601
41 years$19,125$11,888$7,127$4,153$2,370$522
42 years$18,461$11,322$6,686$3,833$2,151$453
43 years$17,829$10,787$6,273$3,538$1,952$393
44 years$17,228$10,282$5,889$3,267$1,772$341
45 years$16,655$9,805$5,529$3,017$1,608$296
46 years$16,109$9,354$5,193$2,787$1,460$257
47 years$15,588$8,926$4,879$2,575$1,326$223
48 years$15,089$8,521$4,585$2,379$1,204$193
49 years$14,613$8,138$4,310$2,199$1,094$168
50 years$14,157$7,773$4,052$2,032$993$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,500,000, adding $5,706 every year, while hoping to spend $24,338 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: 53/32/15 Blend
64$14,500,000$14,500,000$14,500,000$14,500,000
65$15,984,886$15,216,386$14,991,636$16,767,607
66$17,589,449$15,936,093$15,467,960$18,022,578
67$19,356,861$16,690,251$15,959,426$19,384,259
68$21,303,709$17,480,520$16,466,514$20,865,286
69$23,448,266$18,308,645$16,989,722$22,476,997
70$25,810,674$19,176,453$17,529,562$24,231,846
71$28,413,123$20,085,860$18,086,563$26,143,521
72$31,280,070$21,038,876$18,661,271$28,227,063
73$34,438,463$22,037,607$19,254,249$30,499,008
74$37,917,999$23,084,262$19,866,079$32,977,531
75$41,751,402$24,181,157$20,497,359$35,682,617
76$45,974,733$25,330,723$21,148,709$38,636,238
77$50,627,732$26,535,504$21,820,767$41,862,559
78$55,754,190$27,798,173$22,514,192$45,388,154
79$61,402,362$29,121,529$23,229,663$49,242,254
80$67,625,428$30,508,508$23,967,881$53,457,013
81$74,481,987$31,962,190$24,729,571$58,067,802
82$82,036,616$33,485,804$25,515,478$63,113,538
83$90,360,478$35,082,735$26,326,373$68,637,039
84$99,531,991$36,756,534$27,163,051$74,685,424
85$109,637,573$38,510,923$28,026,333$81,310,540
86$120,772,455$40,349,807$28,917,063$88,569,451
87$133,041,577$42,277,280$29,836,117$96,524,958
88$146,560,585$44,297,634$30,784,394$105,246,186
89$161,456,918$46,415,372$31,762,825$114,809,223
90$177,871,013$48,635,214$32,772,369$125,297,824
91$195,957,628$50,962,111$33,814,015$136,804,195
92$215,887,307$53,401,255$34,888,785$149,429,844
93$237,847,986$55,958,090$35,997,733$163,286,528
94$262,046,769$58,638,326$37,141,946$178,497,293
95$288,711,885$61,447,949$38,322,546$195,197,623
96$318,094,838$64,393,238$39,540,692$213,536,698
97$350,472,783$67,480,779$40,797,577$233,678,789
98$386,151,145$70,717,475$42,094,434$255,804,793
99$425,466,499$74,110,569$43,432,535$280,113,916
100$468,789,750$77,667,655$44,813,193$306,825,543