Can I retire at age 65 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,152,110
2 years$605,035$593,767$582,846$572,257$561,987$533,879
3 years$399,350$388,033$377,140$366,651$356,548$329,272
4 years$296,528$285,245$274,461$264,151$254,293$228,059
5 years$234,850$223,636$212,993$202,894$193,309$168,192
6 years$193,746$182,615$172,130$162,256$152,959$128,983
7 years$164,396$153,360$143,041$133,399$124,397$101,565
8 years$142,395$131,458$121,310$111,905$103,199$81,503
9 years$125,291$114,458$104,484$95,319$86,909$66,330
10 years$111,617$100,889$91,092$82,165$74,050$54,567
11 years$100,435$89,816$80,196$71,509$63,686$45,270
12 years$91,125$80,614$71,172$62,723$55,189$37,810
13 years$83,252$72,851$63,587$55,375$48,126$31,752
14 years$76,510$66,220$57,133$49,155$42,187$26,782
15 years$70,673$60,493$51,584$43,838$37,144$22,673
16 years$65,570$55,501$46,768$39,252$32,828$19,252
17 years$61,072$51,114$42,557$35,268$29,108$16,389
18 years$57,078$47,232$38,849$31,783$25,881$13,981
19 years$53,509$43,774$35,565$28,719$23,069$11,948
20 years$50,301$40,677$32,639$26,011$20,605$10,226
21 years$47,402$37,889$30,022$23,606$18,439$8,764
22 years$44,770$35,368$27,670$21,463$16,528$7,519
23 years$42,370$33,079$25,548$19,547$14,837$6,456
24 years$40,174$30,993$23,628$17,828$13,336$5,549
25 years$38,157$29,085$21,884$16,282$12,000$4,772
26 years$36,298$27,336$20,296$14,887$10,809$4,106
27 years$34,579$25,726$18,847$13,627$9,745$3,535
28 years$32,986$24,241$17,521$12,485$8,793$3,044
29 years$31,506$22,869$16,305$11,449$7,940$2,623
30 years$30,126$21,597$15,187$10,507$7,175$2,261
31 years$28,839$20,417$14,158$9,650$6,486$1,949
32 years$27,634$19,318$13,210$8,869$5,867$1,681
33 years$26,505$18,295$12,334$8,155$5,310$1,449
34 years$25,444$17,339$11,524$7,504$4,808$1,250
35 years$24,446$16,446$10,775$6,908$4,354$1,079
36 years$23,506$15,610$10,079$6,362$3,945$931
37 years$22,618$14,826$9,434$5,861$3,576$803
38 years$21,780$14,090$8,835$5,403$3,242$693
39 years$20,986$13,398$8,277$4,982$2,940$598
40 years$20,234$12,747$7,758$4,595$2,666$516
41 years$19,520$12,134$7,275$4,239$2,419$446
42 years$18,843$11,556$6,824$3,912$2,195$385
43 years$18,198$11,010$6,403$3,612$1,992$332
44 years$17,585$10,495$6,011$3,335$1,808$287
45 years$17,000$10,008$5,644$3,080$1,642$248
46 years$16,442$9,547$5,301$2,845$1,491$214
47 years$15,910$9,111$4,980$2,628$1,353$185
48 years$15,402$8,698$4,680$2,429$1,229$159
49 years$14,915$8,306$4,399$2,244$1,116$138
50 years$14,450$7,934$4,135$2,075$1,014$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,800,000, adding $2,484 every year, while hoping to spend $57,617 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: 51/29/20 Blend
64$14,800,000$14,800,000$14,800,000$14,800,000
65$16,312,162$15,527,762$15,298,362$17,053,447
66$17,914,699$16,227,319$15,749,553$18,264,835
67$19,678,763$16,959,222$16,213,928$19,575,054
68$21,620,770$17,724,997$16,691,868$20,998,392
69$23,758,807$18,526,240$17,183,764$22,545,583
70$26,112,804$19,364,625$17,690,019$24,228,419
71$28,704,723$20,241,904$18,211,047$26,059,862
72$31,558,762$21,159,915$18,747,275$28,054,160
73$34,701,588$22,120,583$19,299,141$30,226,976
74$38,162,582$23,125,924$19,867,094$32,595,530
75$41,974,123$24,178,052$20,451,600$35,178,758
76$46,171,888$25,279,181$21,053,133$37,997,484
77$50,795,192$26,431,633$21,672,184$41,074,610
78$55,887,357$27,637,838$22,309,258$44,435,330
79$61,496,121$28,900,346$22,964,872$48,107,354
80$67,674,089$30,221,826$23,639,558$52,121,172
81$74,479,229$31,605,078$24,333,866$56,510,327
82$81,975,418$33,053,035$25,048,358$61,311,727
83$90,233,046$34,568,769$25,783,614$66,565,990
84$99,329,681$36,155,503$26,540,229$72,317,812
85$109,350,798$37,816,612$27,318,816$78,616,386
86$120,390,587$39,555,634$28,120,005$85,515,856
87$132,552,845$41,376,277$28,944,442$93,075,819
88$145,951,949$43,282,428$29,792,795$101,361,878
89$160,713,940$45,278,160$30,665,746$110,446,252
90$176,977,714$47,367,742$31,564,001$120,408,446
91$194,896,329$49,555,649$32,488,282$131,335,994
92$214,638,448$51,846,570$33,439,334$143,325,270
93$236,389,939$54,245,421$34,417,920$156,482,386
94$260,355,620$56,757,354$35,424,828$170,924,187
95$286,761,199$59,387,770$36,460,866$186,779,334
96$315,855,400$62,142,330$37,526,863$204,189,509
97$347,912,314$65,026,966$38,623,676$223,310,739
98$383,233,981$68,047,899$39,752,181$244,314,851
99$422,153,249$71,211,649$40,913,281$267,391,082
100$465,036,909$74,525,048$42,107,904$292,747,846