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%14.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,159,191
2 years$605,035$593,767$582,846$572,257$561,987$540,920
3 years$399,350$388,033$377,140$366,651$356,548$336,051
4 years$296,528$285,245$274,461$264,151$254,293$234,525
5 years$234,850$223,636$212,993$202,894$193,309$174,327
6 years$193,746$182,615$172,130$162,256$152,959$134,783
7 years$164,396$153,360$143,041$133,399$124,397$107,032
8 years$142,395$131,458$121,310$111,905$103,199$86,643
9 years$125,291$114,458$104,484$95,319$86,909$71,150
10 years$111,617$100,889$91,092$82,165$74,050$59,076
11 years$100,435$89,816$80,196$71,509$63,686$49,479
12 years$91,125$80,614$71,172$62,723$55,189$41,730
13 years$83,252$72,851$63,587$55,375$48,126$35,395
14 years$76,510$66,220$57,133$49,155$42,187$30,161
15 years$70,673$60,493$51,584$43,838$37,144$25,800
16 years$65,570$55,501$46,768$39,252$32,828$22,141
17 years$61,072$51,114$42,557$35,268$29,108$19,053
18 years$57,078$47,232$38,849$31,783$25,881$16,433
19 years$53,509$43,774$35,565$28,719$23,069$14,201
20 years$50,301$40,677$32,639$26,011$20,605$12,292
21 years$47,402$37,889$30,022$23,606$18,439$10,656
22 years$44,770$35,368$27,670$21,463$16,528$9,248
23 years$42,370$33,079$25,548$19,547$14,837$8,035
24 years$40,174$30,993$23,628$17,828$13,336$6,987
25 years$38,157$29,085$21,884$16,282$12,000$6,081
26 years$36,298$27,336$20,296$14,887$10,809$5,296
27 years$34,579$25,726$18,847$13,627$9,745$4,615
28 years$32,986$24,241$17,521$12,485$8,793$4,024
29 years$31,506$22,869$16,305$11,449$7,940$3,510
30 years$30,126$21,597$15,187$10,507$7,175$3,062
31 years$28,839$20,417$14,158$9,650$6,486$2,673
32 years$27,634$19,318$13,210$8,869$5,867$2,334
33 years$26,505$18,295$12,334$8,155$5,310$2,038
34 years$25,444$17,339$11,524$7,504$4,808$1,781
35 years$24,446$16,446$10,775$6,908$4,354$1,556
36 years$23,506$15,610$10,079$6,362$3,945$1,359
37 years$22,618$14,826$9,434$5,861$3,576$1,188
38 years$21,780$14,090$8,835$5,403$3,242$1,039
39 years$20,986$13,398$8,277$4,982$2,940$908
40 years$20,234$12,747$7,758$4,595$2,666$794
41 years$19,520$12,134$7,275$4,239$2,419$694
42 years$18,843$11,556$6,824$3,912$2,195$607
43 years$18,198$11,010$6,403$3,612$1,992$531
44 years$17,585$10,495$6,011$3,335$1,808$464
45 years$17,000$10,008$5,644$3,080$1,642$406
46 years$16,442$9,547$5,301$2,845$1,491$355
47 years$15,910$9,111$4,980$2,628$1,353$311
48 years$15,402$8,698$4,680$2,429$1,229$272
49 years$14,915$8,306$4,399$2,244$1,116$238
50 years$14,450$7,934$4,135$2,075$1,014$208

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 $5,021 every year, while hoping to spend $56,225 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: 68/15/17 Blend
64$14,800,000$14,800,000$14,800,000$14,800,000
65$16,314,779$15,530,379$15,300,979$17,357,227
66$17,919,064$16,231,545$15,753,739$18,754,646
67$19,685,101$16,965,183$16,219,782$20,275,518
68$21,629,330$17,732,826$16,699,493$21,937,677
69$23,769,865$18,536,078$17,193,270$23,755,020
70$26,126,667$19,376,622$17,701,520$25,742,840
71$28,721,730$20,256,218$18,224,664$27,917,970
72$31,579,288$21,176,715$18,763,132$30,298,938
73$34,726,047$22,140,046$19,317,369$32,906,137
74$38,191,435$23,148,239$19,887,831$35,762,019
75$42,007,877$24,203,418$20,474,989$38,891,300
76$46,211,104$25,307,810$21,079,326$42,321,191
77$50,840,492$26,463,748$21,701,338$46,081,652
78$55,939,426$27,673,675$22,341,537$50,205,670
79$61,555,718$28,940,156$23,000,448$54,729,568
80$67,742,051$30,265,873$23,678,613$59,693,343
81$74,556,481$31,653,642$24,376,588$65,141,040
82$82,062,982$33,106,411$25,094,944$71,121,163
83$90,332,052$34,627,270$25,834,269$77,687,131
84$99,441,373$36,219,458$26,595,170$84,897,773
85$109,476,553$37,886,371$27,378,267$92,817,881
86$120,531,923$39,631,565$28,184,201$101,518,819
87$132,711,437$41,458,770$29,013,630$111,079,185
88$146,129,648$43,371,894$29,867,231$121,585,557
89$160,912,788$45,375,032$30,745,698$133,133,294
90$177,199,962$47,472,478$31,649,749$145,827,438
91$195,144,461$49,668,733$32,580,119$159,783,697
92$214,915,207$51,968,512$33,537,564$175,129,529
93$236,698,349$54,376,760$34,522,863$192,005,342
94$260,699,018$56,898,658$35,536,816$210,565,809
95$287,143,264$59,539,639$36,580,246$230,981,323
96$316,280,191$62,305,396$37,653,999$253,439,597
97$348,384,307$65,201,896$38,758,944$278,147,429
98$383,758,114$68,235,397$39,895,976$305,332,643
99$422,734,965$71,412,455$41,066,015$335,246,235
100$465,682,211$74,739,945$42,270,006$368,164,731