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%13.2%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,172,328
2 years$609,123$597,778$586,784$576,124$565,784$549,873
3 years$402,048$390,655$379,688$369,128$358,957$343,446
4 years$298,531$287,173$276,316$265,936$256,011$241,022
5 years$236,437$225,147$214,432$204,264$194,615$180,191
6 years$195,055$183,849$173,293$163,352$153,993$140,149
7 years$165,507$154,396$144,007$134,301$125,237$111,981
8 years$143,357$132,346$122,130$112,661$103,896$91,225
9 years$126,138$115,231$105,190$95,963$87,496$75,404
10 years$112,371$101,571$91,707$82,721$74,551$63,030
11 years$101,114$90,422$80,738$71,992$64,116$53,156
12 years$91,740$81,158$71,653$63,146$55,562$45,149
13 years$83,815$73,343$64,017$55,749$48,451$38,572
14 years$77,027$66,667$57,519$49,488$42,472$33,112
15 years$71,150$60,902$51,932$44,134$37,395$28,539
16 years$66,013$55,876$47,084$39,517$33,050$24,680
17 years$61,484$51,460$42,845$35,506$29,305$21,404
18 years$57,464$47,551$39,112$31,998$26,056$18,608
19 years$53,870$44,070$35,805$28,913$23,225$16,211
20 years$50,640$40,952$32,860$26,186$20,745$14,148
21 years$47,722$38,145$30,225$23,766$18,564$12,366
22 years$45,072$35,607$27,857$21,609$16,640$10,823
23 years$42,657$33,303$25,721$19,679$14,937$9,484
24 years$40,446$31,202$23,787$17,949$13,426$8,319
25 years$38,415$29,282$22,032$16,392$12,081$7,303
26 years$36,543$27,520$20,434$14,988$10,882$6,416
27 years$34,813$25,900$18,974$13,719$9,811$5,641
28 years$33,209$24,405$17,639$12,569$8,853$4,962
29 years$31,718$23,023$16,415$11,526$7,994$4,367
30 years$30,330$21,743$15,290$10,578$7,223$3,845
31 years$29,034$20,555$14,254$9,715$6,530$3,387
32 years$27,821$19,449$13,299$8,929$5,907$2,984
33 years$26,684$18,418$12,418$8,211$5,346$2,630
34 years$25,616$17,456$11,602$7,554$4,840$2,319
35 years$24,611$16,557$10,847$6,954$4,384$2,045
36 years$23,665$15,715$10,147$6,405$3,972$1,804
37 years$22,771$14,926$9,498$5,901$3,600$1,591
38 years$21,927$14,185$8,894$5,439$3,264$1,404
39 years$21,128$13,488$8,333$5,015$2,960$1,239
40 years$20,371$12,833$7,811$4,626$2,685$1,094
41 years$19,652$12,216$7,324$4,268$2,435$965
42 years$18,970$11,634$6,870$3,939$2,210$852
43 years$18,321$11,085$6,447$3,636$2,006$752
44 years$17,703$10,566$6,051$3,357$1,821$664
45 years$17,115$10,076$5,682$3,100$1,653$586
46 years$16,553$9,612$5,337$2,864$1,501$518
47 years$16,018$9,173$5,014$2,646$1,363$457
48 years$15,506$8,757$4,711$2,445$1,237$404
49 years$15,016$8,362$4,428$2,260$1,124$357
50 years$14,548$7,988$4,163$2,089$1,021$315

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 $2,580 every year, while hoping to spend $35,570 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: 43/50/7 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,422,461$15,632,761$15,401,811$17,095,387
66$18,059,706$16,360,920$15,879,926$18,290,584
67$19,862,758$17,123,567$16,372,865$19,580,732
68$21,848,491$17,922,354$16,881,088$20,977,510
69$24,035,501$18,759,013$17,405,068$22,490,671
70$26,444,277$19,635,359$17,945,293$24,130,912
71$29,097,398$20,553,297$18,502,265$25,909,969
72$32,019,746$21,514,822$19,076,505$27,840,714
73$35,238,738$22,522,026$19,668,545$29,937,277
74$38,784,585$23,577,101$20,278,937$32,215,162
75$42,690,581$24,682,348$20,908,250$34,691,395
76$46,993,413$25,840,175$21,557,069$37,384,665
77$51,733,508$27,053,110$22,225,997$40,315,500
78$56,955,415$28,323,802$22,915,658$43,506,443
79$62,708,228$29,655,029$23,626,692$46,982,261
80$69,046,043$31,049,701$24,359,763$50,770,164
81$76,028,475$32,510,872$25,115,550$54,900,051
82$83,721,217$34,041,742$25,894,758$59,404,781
83$92,196,660$35,645,667$26,698,112$64,320,470
84$101,534,578$37,326,164$27,526,358$69,686,819
85$111,822,881$39,086,922$28,380,267$75,547,475
86$123,158,442$40,931,808$29,260,633$81,950,429
87$135,648,013$42,864,876$30,168,274$88,948,451
88$149,409,234$44,890,379$31,104,035$96,599,579
89$164,571,741$47,012,772$32,068,785$104,967,641
90$181,278,390$49,236,730$33,063,421$114,122,849
91$199,686,609$51,567,152$34,088,868$124,142,437
92$219,969,877$54,009,177$35,146,079$135,111,375
93$242,319,368$56,568,190$36,236,037$147,123,150
94$266,945,753$59,249,841$37,359,753$160,280,624
95$294,081,188$62,060,052$38,518,273$174,696,991
96$323,981,507$65,005,032$39,712,674$190,496,815
97$356,928,636$68,091,294$40,944,063$207,817,184
98$393,233,254$71,325,664$42,213,587$226,808,982
99$433,237,727$74,715,303$43,522,423$247,638,282
100$477,319,339$78,267,716$44,871,787$270,487,890