Can I retire at age 65 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,118,474
2 years$596,859$585,743$574,970$564,524$554,393$508,860
3 years$393,953$382,789$372,043$361,696$351,729$307,848
4 years$292,520$281,391$270,752$260,582$250,856$208,960
5 years$231,677$220,614$210,115$200,152$190,697$150,893
6 years$191,127$180,148$169,804$160,063$150,892$113,205
7 years$162,175$151,288$141,108$131,597$122,716$87,134
8 years$140,471$129,682$119,671$110,393$101,804$68,292
9 years$123,598$112,911$103,072$94,030$85,734$54,240
10 years$110,108$99,526$89,861$81,055$73,050$43,514
11 years$99,078$88,602$79,112$70,542$62,825$35,180
12 years$89,893$79,524$70,210$61,875$54,443$28,614
13 years$82,127$71,867$62,728$54,626$47,475$23,386
14 years$75,476$65,325$56,361$48,491$41,617$19,186
15 years$69,718$59,675$50,887$43,246$36,643$15,789
16 years$64,684$54,751$46,136$38,722$32,385$13,026
17 years$60,246$50,424$41,982$34,791$28,715$10,768
18 years$56,307$46,594$38,324$31,354$25,532$8,917
19 years$52,786$43,183$35,084$28,331$22,757$7,394
20 years$49,621$40,127$32,198$25,659$20,327$6,138
21 years$46,761$37,377$29,616$23,287$18,190$5,100
22 years$44,165$34,890$27,296$21,173$16,305$4,241
23 years$41,798$32,632$25,203$19,283$14,636$3,529
24 years$39,631$30,574$23,309$17,587$13,155$2,938
25 years$37,641$28,692$21,588$16,062$11,838$2,447
26 years$35,807$26,966$20,022$14,686$10,663$2,039
27 years$34,112$25,378$18,592$13,442$9,614$1,699
28 years$32,540$23,914$17,284$12,316$8,675$1,417
29 years$31,080$22,560$16,084$11,294$7,833$1,181
30 years$29,719$21,305$14,982$10,365$7,078$985
31 years$28,449$20,141$13,967$9,520$6,399$822
32 years$27,261$19,057$13,032$8,749$5,788$686
33 years$26,146$18,047$12,168$8,045$5,238$572
34 years$25,100$17,105$11,369$7,402$4,743$477
35 years$24,116$16,224$10,629$6,814$4,296$398
36 years$23,188$15,399$9,943$6,276$3,892$332
37 years$22,313$14,625$9,307$5,782$3,528$277
38 years$21,485$13,899$8,715$5,330$3,198$231
39 years$20,702$13,217$8,165$4,914$2,900$193
40 years$19,961$12,575$7,653$4,533$2,630$161
41 years$19,257$11,970$7,176$4,182$2,386$135
42 years$18,588$11,400$6,732$3,859$2,165$112
43 years$17,952$10,862$6,317$3,563$1,965$94
44 years$17,347$10,353$5,929$3,290$1,784$78
45 years$16,770$9,873$5,567$3,038$1,619$65
46 years$16,220$9,418$5,229$2,806$1,470$54
47 years$15,695$8,988$4,913$2,593$1,335$45
48 years$15,193$8,580$4,617$2,396$1,213$38
49 years$14,714$8,194$4,339$2,214$1,101$32
50 years$14,255$7,827$4,080$2,046$1,000$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,600,000, adding $2,807 every year, while hoping to spend $36,993 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: 61/18/21 Blend
64$14,600,000$14,600,000$14,600,000$14,600,000
65$16,092,095$15,318,295$15,091,995$16,985,094
66$17,694,129$16,029,532$15,558,217$18,300,794
67$19,458,330$16,774,379$16,038,817$19,731,771
68$21,401,201$17,554,444$16,534,239$21,292,723
69$23,540,925$18,371,414$17,044,937$22,996,291
70$25,897,540$19,227,054$17,571,384$24,856,381
71$28,493,127$20,123,217$18,114,063$26,888,290
72$31,352,015$21,061,844$18,673,473$29,108,848
73$34,501,017$22,044,971$19,250,131$31,536,575
74$37,969,676$23,074,730$19,844,566$34,191,850
75$41,790,550$24,153,359$20,457,326$37,097,099
76$45,999,514$25,283,201$21,088,974$40,277,003
77$50,636,101$26,466,715$21,740,091$43,758,728
78$55,743,877$27,706,477$22,411,277$47,572,176
79$61,370,847$29,005,188$23,103,149$51,750,261
80$67,569,912$30,365,681$23,816,344$56,329,218
81$74,399,367$31,790,924$24,551,516$61,348,937
82$81,923,453$33,284,030$25,309,342$66,853,335
83$90,212,959$34,848,262$26,090,519$72,890,767
84$99,345,894$36,487,040$26,895,765$79,514,473
85$109,408,222$38,203,951$27,725,819$86,783,078
86$120,494,672$40,002,756$28,581,446$94,761,137
87$132,709,635$41,887,398$29,463,430$103,519,739
88$146,168,146$43,862,008$30,372,583$113,137,169
89$160,996,972$45,930,922$31,309,740$123,699,642
90$177,335,808$48,098,682$32,275,761$135,302,109
91$195,338,595$50,370,052$33,271,534$148,049,144
92$215,174,975$52,750,027$34,297,973$162,055,925
93$237,031,888$55,243,844$35,356,021$177,449,312
94$261,115,342$57,856,994$36,446,649$194,369,034
95$287,652,353$60,595,233$37,570,858$212,969,002
96$316,893,092$63,464,599$38,729,681$233,418,748
97$349,113,243$66,471,419$39,924,181$255,905,020
98$384,616,606$69,622,331$41,155,453$280,633,528
99$423,737,968$72,924,293$42,424,629$307,830,883
100$466,846,258$76,384,601$43,732,871$337,746,717