Can I retire at age 65 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,128,813
2 years$600,947$589,755$578,908$568,391$558,190$514,969
3 years$396,652$385,411$374,592$364,174$354,139$312,443
4 years$294,524$283,318$272,607$262,367$252,575$212,721
5 years$233,263$222,125$211,554$201,523$192,003$154,096
6 years$192,436$181,382$170,967$161,159$151,926$115,991
7 years$163,286$152,324$142,074$132,498$123,556$89,586
8 years$141,433$130,570$120,490$111,149$102,502$70,464
9 years$124,445$113,684$103,778$94,674$86,321$56,173
10 years$110,862$100,207$90,476$81,610$73,550$45,236
11 years$99,757$89,209$79,654$71,025$63,256$36,715
12 years$90,509$80,069$70,691$62,299$54,816$29,983
13 years$82,690$72,359$63,158$55,001$47,801$24,606
14 years$75,993$65,772$56,747$48,823$41,902$20,272
15 years$70,195$60,084$51,235$43,542$36,894$16,754
16 years$65,127$55,126$46,452$38,987$32,607$13,882
17 years$60,659$50,769$42,270$35,029$28,911$11,527
18 years$56,692$46,913$38,587$31,569$25,707$9,589
19 years$53,147$43,478$35,324$28,525$22,913$7,987
20 years$49,961$40,402$32,419$25,835$20,466$6,661
21 years$47,081$37,633$29,819$23,447$18,315$5,561
22 years$44,467$35,129$27,483$21,318$16,417$4,646
23 years$42,084$32,856$25,376$19,415$14,737$3,884
24 years$39,903$30,784$23,468$17,708$13,246$3,249
25 years$37,899$28,889$21,736$16,172$11,919$2,719
26 years$36,052$27,151$20,159$14,787$10,736$2,277
27 years$34,345$25,552$18,720$13,535$9,680$1,907
28 years$32,763$24,078$17,402$12,401$8,734$1,597
29 years$31,293$22,714$16,194$11,372$7,887$1,338
30 years$29,923$21,451$15,084$10,436$7,126$1,122
31 years$28,644$20,279$14,063$9,585$6,443$940
32 years$27,447$19,188$13,121$8,809$5,828$788
33 years$26,326$18,171$12,251$8,100$5,274$661
34 years$25,272$17,222$11,447$7,453$4,775$554
35 years$24,281$16,335$10,702$6,861$4,325$465
36 years$23,347$15,504$10,011$6,319$3,919$390
37 years$22,466$14,725$9,370$5,822$3,552$327
38 years$21,633$13,994$8,775$5,366$3,220$274
39 years$20,844$13,307$8,221$4,948$2,920$230
40 years$20,097$12,661$7,706$4,564$2,648$193
41 years$19,388$12,052$7,225$4,211$2,403$162
42 years$18,715$11,478$6,778$3,886$2,180$136
43 years$18,075$10,936$6,360$3,587$1,979$114
44 years$17,466$10,424$5,970$3,312$1,796$95
45 years$16,885$9,941$5,606$3,059$1,631$80
46 years$16,331$9,483$5,265$2,825$1,480$67
47 years$15,803$9,050$4,946$2,610$1,344$56
48 years$15,298$8,639$4,648$2,412$1,221$47
49 years$14,815$8,250$4,369$2,229$1,109$40
50 years$14,352$7,881$4,107$2,060$1,007$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,700,000, adding $2,243 every year, while hoping to spend $46,653 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: 43/42/15 Blend
64$14,700,000$14,700,000$14,700,000$14,700,000
65$16,201,714$15,422,614$15,194,764$16,827,647
66$17,804,650$16,128,683$15,654,150$17,973,119
67$19,569,522$16,867,787$16,127,362$19,208,524
68$21,512,799$17,641,493$16,614,813$20,545,924
69$23,652,626$18,451,448$17,116,931$21,994,709
70$26,008,999$19,299,374$17,634,154$23,565,181
71$28,603,952$20,187,079$18,166,933$25,268,647
72$31,461,764$21,116,455$18,715,735$27,117,519
73$34,609,190$22,089,487$19,281,038$29,125,424
74$38,075,711$23,108,255$19,863,336$31,307,324
75$41,893,812$24,174,939$20,463,137$33,679,653
76$46,099,293$25,291,823$21,080,964$36,260,461
77$50,731,601$26,461,303$21,717,356$39,069,581
78$55,834,205$27,685,887$22,372,868$42,128,802
79$61,455,007$28,968,208$23,048,072$45,462,070
80$67,646,789$30,311,022$23,743,554$49,095,705
81$74,467,720$31,717,220$24,459,921$53,058,637
82$81,981,896$33,189,833$25,197,797$57,382,670
83$90,259,949$34,732,035$25,957,824$62,102,773
84$99,379,715$36,347,155$26,740,662$67,257,399
85$109,426,965$38,038,684$27,546,992$72,888,833
86$120,496,215$39,810,280$28,377,516$79,043,586
87$132,691,621$41,665,776$29,232,956$85,772,812
88$146,127,960$43,609,192$30,114,053$93,132,786
89$160,931,712$45,644,742$31,021,573$101,185,418
90$177,242,255$47,776,843$31,956,305$109,998,821
91$195,213,182$50,010,126$32,919,058$119,647,944
92$215,013,749$52,349,445$33,910,669$130,215,258
93$236,830,472$54,799,887$34,931,997$141,791,521
94$260,868,887$57,366,790$35,983,926$154,476,616
95$287,355,495$60,055,744$37,067,369$168,380,479
96$316,539,894$62,872,613$38,183,264$183,624,113
97$348,697,136$65,823,544$39,332,577$200,340,713
98$384,130,328$68,914,982$40,516,302$218,676,902
99$423,173,486$72,153,681$41,735,463$238,794,093
100$466,194,696$75,546,726$42,991,115$260,869,990