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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,168,334
2 years$605,035$593,767$582,846$572,257$561,987$550,063
3 years$399,350$388,033$377,140$366,651$356,548$344,908
4 years$296,528$285,245$274,461$264,151$254,293$243,028
5 years$234,850$223,636$212,993$202,894$193,309$182,452
6 years$193,746$182,615$172,130$162,256$152,959$142,522
7 years$164,396$153,360$143,041$133,399$124,397$114,385
8 years$142,395$131,458$121,310$111,905$103,199$93,612
9 years$125,291$114,458$104,484$95,319$86,909$77,743
10 years$111,617$100,889$91,092$82,165$74,050$65,300
11 years$100,435$89,816$80,196$71,509$63,686$55,344
12 years$91,125$80,614$71,172$62,723$55,189$47,248
13 years$83,252$72,851$63,587$55,375$48,126$40,575
14 years$76,510$66,220$57,133$49,155$42,187$35,017
15 years$70,673$60,493$51,584$43,838$37,144$30,345
16 years$65,570$55,501$46,768$39,252$32,828$26,387
17 years$61,072$51,114$42,557$35,268$29,108$23,014
18 years$57,078$47,232$38,849$31,783$25,881$20,122
19 years$53,509$43,774$35,565$28,719$23,069$17,632
20 years$50,301$40,677$32,639$26,011$20,605$15,479
21 years$47,402$37,889$30,022$23,606$18,439$13,611
22 years$44,770$35,368$27,670$21,463$16,528$11,985
23 years$42,370$33,079$25,548$19,547$14,837$10,567
24 years$40,174$30,993$23,628$17,828$13,336$9,326
25 years$38,157$29,085$21,884$16,282$12,000$8,239
26 years$36,298$27,336$20,296$14,887$10,809$7,284
27 years$34,579$25,726$18,847$13,627$9,745$6,445
28 years$32,986$24,241$17,521$12,485$8,793$5,706
29 years$31,506$22,869$16,305$11,449$7,940$5,054
30 years$30,126$21,597$15,187$10,507$7,175$4,479
31 years$28,839$20,417$14,158$9,650$6,486$3,972
32 years$27,634$19,318$13,210$8,869$5,867$3,523
33 years$26,505$18,295$12,334$8,155$5,310$3,126
34 years$25,444$17,339$11,524$7,504$4,808$2,774
35 years$24,446$16,446$10,775$6,908$4,354$2,463
36 years$23,506$15,610$10,079$6,362$3,945$2,187
37 years$22,618$14,826$9,434$5,861$3,576$1,943
38 years$21,780$14,090$8,835$5,403$3,242$1,726
39 years$20,986$13,398$8,277$4,982$2,940$1,533
40 years$20,234$12,747$7,758$4,595$2,666$1,363
41 years$19,520$12,134$7,275$4,239$2,419$1,211
42 years$18,843$11,556$6,824$3,912$2,195$1,077
43 years$18,198$11,010$6,403$3,612$1,992$957
44 years$17,585$10,495$6,011$3,335$1,808$851
45 years$17,000$10,008$5,644$3,080$1,642$756
46 years$16,442$9,547$5,301$2,845$1,491$673
47 years$15,910$9,111$4,980$2,628$1,353$598
48 years$15,402$8,698$4,680$2,429$1,229$532
49 years$14,915$8,306$4,399$2,244$1,116$473
50 years$14,450$7,934$4,135$2,075$1,014$421

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 $6,232 every year, while hoping to spend $25,570 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: 79/13/8 Blend
64$14,800,000$14,800,000$14,800,000$14,800,000
65$16,316,028$15,531,628$15,302,228$17,587,068
66$17,953,057$16,265,472$15,787,647$19,155,456
67$19,756,205$17,034,417$16,288,470$20,871,587
68$21,742,391$17,840,156$16,805,186$22,753,400
69$23,930,256$18,684,464$17,338,301$24,817,410
70$26,340,342$19,569,203$17,888,334$27,081,796
71$28,995,287$20,496,324$18,455,823$29,566,576
72$31,920,036$21,467,874$19,041,323$32,293,793
73$35,142,077$22,485,997$19,645,404$35,287,716
74$38,691,701$23,552,943$20,268,658$38,575,074
75$42,602,289$24,671,071$20,911,692$42,185,297
76$46,910,623$25,842,855$21,575,134$46,150,798
77$51,657,239$27,070,887$22,259,634$50,507,272
78$56,886,804$28,357,887$22,965,859$55,294,034
79$62,648,542$29,706,707$23,694,498$60,554,382
80$68,996,694$31,120,337$24,446,265$66,336,004
81$75,991,035$32,601,912$25,221,893$72,691,427
82$83,697,434$34,154,719$26,022,140$79,678,507
83$92,188,478$35,782,206$26,847,788$87,360,972
84$101,544,157$37,487,988$27,699,642$95,809,017
85$111,852,617$39,275,855$28,578,536$105,099,969
86$123,210,996$41,149,784$29,485,329$115,319,006
87$135,726,335$43,113,941$30,420,905$126,559,958
88$149,516,595$45,172,698$31,386,179$138,926,192
89$164,711,766$47,330,638$32,382,095$152,531,576
90$181,455,096$49,592,569$33,409,624$167,501,557
91$199,904,441$51,963,531$34,469,772$183,974,331
92$220,233,759$54,448,808$35,563,574$202,102,148
93$242,634,747$57,053,945$36,692,099$222,052,741
94$267,318,657$59,784,754$37,856,450$244,010,905
95$294,518,283$62,647,330$39,057,764$268,180,233
96$324,490,164$65,648,065$40,297,215$294,785,030
97$357,517,004$68,793,664$41,576,015$324,072,428
98$393,910,340$72,091,155$42,895,414$356,314,706
99$434,013,485$75,547,912$44,256,700$391,811,858
100$478,204,765$79,171,664$45,661,205$430,894,413