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

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,146,657
2 years$600,947$589,755$578,908$568,391$558,190$532,586
3 years$396,652$385,411$374,592$364,174$354,139$329,271
4 years$294,524$283,318$272,607$262,367$252,575$228,636
5 years$233,263$222,125$211,554$201,523$192,003$169,060
6 years$192,436$181,382$170,967$161,159$151,926$130,002
7 years$163,286$152,324$142,074$132,498$123,556$102,657
8 years$141,433$130,570$120,490$111,149$102,502$82,620
9 years$124,445$113,684$103,778$94,674$86,321$67,442
10 years$110,862$100,207$90,476$81,610$73,550$55,653
11 years$99,757$89,209$79,654$71,025$63,256$46,319
12 years$90,509$80,069$70,691$62,299$54,816$38,812
13 years$82,690$72,359$63,158$55,001$47,801$32,702
14 years$75,993$65,772$56,747$48,823$41,902$27,678
15 years$70,195$60,084$51,235$43,542$36,894$23,513
16 years$65,127$55,126$46,452$38,987$32,607$20,037
17 years$60,659$50,769$42,270$35,029$28,911$17,118
18 years$56,692$46,913$38,587$31,569$25,707$14,657
19 years$53,147$43,478$35,324$28,525$22,913$12,573
20 years$49,961$40,402$32,419$25,835$20,466$10,802
21 years$47,081$37,633$29,819$23,447$18,315$9,292
22 years$44,467$35,129$27,483$21,318$16,417$8,003
23 years$42,084$32,856$25,376$19,415$14,737$6,899
24 years$39,903$30,784$23,468$17,708$13,246$5,953
25 years$37,899$28,889$21,736$16,172$11,919$5,140
26 years$36,052$27,151$20,159$14,787$10,736$4,440
27 years$34,345$25,552$18,720$13,535$9,680$3,838
28 years$32,763$24,078$17,402$12,401$8,734$3,319
29 years$31,293$22,714$16,194$11,372$7,887$2,872
30 years$29,923$21,451$15,084$10,436$7,126$2,485
31 years$28,644$20,279$14,063$9,585$6,443$2,151
32 years$27,447$19,188$13,121$8,809$5,828$1,863
33 years$26,326$18,171$12,251$8,100$5,274$1,613
34 years$25,272$17,222$11,447$7,453$4,775$1,398
35 years$24,281$16,335$10,702$6,861$4,325$1,211
36 years$23,347$15,504$10,011$6,319$3,919$1,049
37 years$22,466$14,725$9,370$5,822$3,552$909
38 years$21,633$13,994$8,775$5,366$3,220$788
39 years$20,844$13,307$8,221$4,948$2,920$683
40 years$20,097$12,661$7,706$4,564$2,648$592
41 years$19,388$12,052$7,225$4,211$2,403$513
42 years$18,715$11,478$6,778$3,886$2,180$445
43 years$18,075$10,936$6,360$3,587$1,979$386
44 years$17,466$10,424$5,970$3,312$1,796$335
45 years$16,885$9,941$5,606$3,059$1,631$290
46 years$16,331$9,483$5,265$2,825$1,480$252
47 years$15,803$9,050$4,946$2,610$1,344$218
48 years$15,298$8,639$4,648$2,412$1,221$189
49 years$14,815$8,250$4,369$2,229$1,109$164
50 years$14,352$7,881$4,107$2,060$1,007$142

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 $4,734 every year, while hoping to spend $30,098 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: 38/34/28 Blend
64$14,700,000$14,700,000$14,700,000$14,700,000
65$16,204,283$15,425,183$15,197,333$16,684,739
66$17,825,096$16,148,993$15,674,420$17,762,076
67$19,610,223$16,907,261$16,166,480$18,922,517
68$21,576,392$17,701,643$16,673,984$20,176,124
69$23,742,038$18,533,877$17,197,416$21,531,374
70$26,127,472$19,405,783$17,737,275$22,997,569
71$28,755,078$20,319,271$18,294,078$24,584,911
72$31,649,522$21,276,342$18,868,356$26,304,599
73$34,837,985$22,279,094$19,460,657$28,168,919
74$38,350,417$23,329,727$20,071,547$30,191,365
75$42,219,825$24,430,549$20,701,609$32,386,748
76$46,482,579$25,583,977$21,351,444$34,771,337
77$51,178,757$26,792,548$22,021,674$37,362,997
78$56,352,528$28,058,920$22,712,937$40,181,359
79$62,052,559$29,385,880$23,425,894$43,247,988
80$68,332,484$30,776,352$24,161,225$46,586,583
81$75,251,404$32,233,400$24,919,632$50,223,190
82$82,874,447$33,760,237$25,701,840$54,186,437
83$91,273,384$35,360,232$26,508,595$58,507,796
84$100,527,304$37,036,917$27,340,668$63,221,870
85$110,723,360$38,793,998$28,198,851$68,366,706
86$121,957,595$40,635,357$29,083,966$73,984,146
87$134,335,847$42,565,066$29,996,856$80,120,206
88$147,974,746$44,587,397$30,938,393$86,825,503
89$163,002,817$46,706,826$31,909,475$94,155,715
90$179,561,692$48,928,048$32,911,031$102,172,094
91$197,807,449$51,255,987$33,944,015$110,942,032
92$217,912,083$53,695,804$35,009,413$120,539,681
93$240,065,130$56,252,913$36,108,243$131,046,636
94$264,475,457$58,932,990$37,241,554$142,552,689
95$291,373,234$61,741,987$38,410,426$155,156,663
96$321,012,105$64,686,145$39,615,976$168,967,322
97$353,671,582$67,772,009$40,859,354$184,104,384
98$389,659,688$71,006,442$42,141,746$200,699,625
99$429,315,859$74,396,640$43,464,378$218,898,111
100$473,014,153$77,950,152$44,828,510$238,859,539