Can I retire at age 65 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,164,634
2 years$609,123$597,778$586,784$576,124$565,784$542,195
3 years$402,048$390,655$379,688$369,128$358,957$336,026
4 years$298,531$287,173$276,316$265,936$256,011$233,916
5 years$236,437$225,147$214,432$204,264$194,615$173,419
6 years$195,055$183,849$173,293$163,352$153,993$133,718
7 years$165,507$154,396$144,007$134,301$125,237$105,888
8 years$143,357$132,346$122,130$112,661$103,896$85,468
9 years$126,138$115,231$105,190$95,963$87,496$69,977
10 years$112,371$101,571$91,707$82,721$74,551$57,924
11 years$101,114$90,422$80,738$71,992$64,116$48,361
12 years$91,740$81,158$71,653$63,146$55,562$40,656
13 years$83,815$73,343$64,017$55,749$48,451$34,369
14 years$77,027$66,667$57,519$49,488$42,472$29,188
15 years$71,150$60,902$51,932$44,134$37,395$24,882
16 years$66,013$55,876$47,084$39,517$33,050$21,278
17 years$61,484$51,460$42,845$35,506$29,305$18,245
18 years$57,464$47,551$39,112$31,998$26,056$15,679
19 years$53,870$44,070$35,805$28,913$23,225$13,499
20 years$50,640$40,952$32,860$26,186$20,745$11,641
21 years$47,722$38,145$30,225$23,766$18,564$10,053
22 years$45,072$35,607$27,857$21,609$16,640$8,691
23 years$42,657$33,303$25,721$19,679$14,937$7,522
24 years$40,446$31,202$23,787$17,949$13,426$6,516
25 years$38,415$29,282$22,032$16,392$12,081$5,648
26 years$36,543$27,520$20,434$14,988$10,882$4,899
27 years$34,813$25,900$18,974$13,719$9,811$4,252
28 years$33,209$24,405$17,639$12,569$8,853$3,692
29 years$31,718$23,023$16,415$11,526$7,994$3,207
30 years$30,330$21,743$15,290$10,578$7,223$2,787
31 years$29,034$20,555$14,254$9,715$6,530$2,423
32 years$27,821$19,449$13,299$8,929$5,907$2,107
33 years$26,684$18,418$12,418$8,211$5,346$1,832
34 years$25,616$17,456$11,602$7,554$4,840$1,594
35 years$24,611$16,557$10,847$6,954$4,384$1,387
36 years$23,665$15,715$10,147$6,405$3,972$1,207
37 years$22,771$14,926$9,498$5,901$3,600$1,050
38 years$21,927$14,185$8,894$5,439$3,264$914
39 years$21,128$13,488$8,333$5,015$2,960$796
40 years$20,371$12,833$7,811$4,626$2,685$693
41 years$19,652$12,216$7,324$4,268$2,435$603
42 years$18,970$11,634$6,870$3,939$2,210$525
43 years$18,321$11,085$6,447$3,636$2,006$457
44 years$17,703$10,566$6,051$3,357$1,821$398
45 years$17,115$10,076$5,682$3,100$1,653$347
46 years$16,553$9,612$5,337$2,864$1,501$302
47 years$16,018$9,173$5,014$2,646$1,363$263
48 years$15,506$8,757$4,711$2,445$1,237$229
49 years$15,016$8,362$4,428$2,260$1,124$199
50 years$14,548$7,988$4,163$2,089$1,021$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,900,000, adding $4,434 every year, while hoping to spend $31,533 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: 78/8/14 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,424,374$15,634,674$15,403,724$17,658,158
66$18,066,109$16,367,222$15,886,198$19,203,974
67$19,874,244$17,134,608$16,383,777$20,894,662
68$21,865,719$17,938,506$16,896,936$22,748,262
69$24,059,200$18,780,670$17,426,161$24,781,038
70$26,475,257$19,662,941$17,971,955$27,010,897
71$29,136,554$20,587,246$18,534,837$29,457,558
72$32,068,070$21,555,609$19,115,341$32,142,739
73$35,297,327$22,570,148$19,714,019$35,090,354
74$38,854,655$23,633,086$20,331,440$38,326,744
75$42,773,477$24,746,754$20,968,190$41,880,915
76$47,090,621$25,913,594$21,624,874$45,784,820
77$51,846,673$27,136,169$22,302,115$50,073,647
78$57,086,355$28,417,163$23,000,558$54,786,158
79$62,858,952$29,759,392$23,720,865$59,965,048
80$69,218,772$31,165,809$24,463,721$65,657,344
81$76,225,662$32,639,509$25,229,831$71,914,852
82$83,945,572$34,183,737$26,019,923$78,794,636
83$92,451,176$35,801,897$26,834,747$86,359,560
84$101,822,562$37,497,556$27,675,077$94,678,873
85$112,147,983$39,274,455$28,541,711$103,828,865
86$123,524,691$41,136,517$29,435,472$113,893,579
87$136,059,858$43,087,855$30,357,209$124,965,603
88$149,871,585$45,132,782$31,307,797$137,146,940
89$165,090,017$47,275,819$32,288,139$150,549,970
90$181,858,573$49,521,708$33,299,165$165,298,500
91$200,335,296$51,875,420$34,341,836$181,528,936
92$220,694,351$54,342,170$35,417,142$199,391,563
93$243,127,662$56,927,424$36,526,104$219,051,959
94$267,846,729$59,636,913$37,669,774$240,692,554
95$295,084,623$62,476,649$38,849,238$264,514,347
96$325,098,183$65,452,934$40,065,617$290,738,800
97$358,170,448$68,572,377$41,320,065$319,609,921
98$394,613,319$71,841,909$42,613,772$351,396,564
99$434,770,511$75,268,797$43,947,967$386,394,961
100$479,020,796$78,860,661$45,323,917$424,931,511