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%18.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,147,818
2 years$609,123$597,778$586,784$576,124$565,784$525,558
3 years$402,048$390,655$379,688$369,128$358,957$320,096
4 years$298,531$287,173$276,316$265,936$256,011$218,813
5 years$236,437$225,147$214,432$204,264$194,615$159,179
6 years$195,055$183,849$173,293$163,352$153,993$120,346
7 years$165,507$154,396$144,007$134,301$125,237$93,375
8 years$143,357$132,346$122,130$112,661$103,896$73,794
9 years$126,138$115,231$105,190$95,963$87,496$59,116
10 years$112,371$101,571$91,707$82,721$74,551$47,848
11 years$101,114$90,422$80,738$71,992$64,116$39,037
12 years$91,740$81,158$71,653$63,146$55,562$32,050
13 years$83,815$73,343$64,017$55,749$48,451$26,446
14 years$77,027$66,667$57,519$49,488$42,472$21,910
15 years$71,150$60,902$51,932$44,134$37,395$18,211
16 years$66,013$55,876$47,084$39,517$33,050$15,178
17 years$61,484$51,460$42,845$35,506$29,305$12,677
18 years$57,464$47,551$39,112$31,998$26,056$10,608
19 years$53,870$44,070$35,805$28,913$23,225$8,890
20 years$50,640$40,952$32,860$26,186$20,745$7,460
21 years$47,722$38,145$30,225$23,766$18,564$6,266
22 years$45,072$35,607$27,857$21,609$16,640$5,268
23 years$42,657$33,303$25,721$19,679$14,937$4,432
24 years$40,446$31,202$23,787$17,949$13,426$3,731
25 years$38,415$29,282$22,032$16,392$12,081$3,143
26 years$36,543$27,520$20,434$14,988$10,882$2,648
27 years$34,813$25,900$18,974$13,719$9,811$2,232
28 years$33,209$24,405$17,639$12,569$8,853$1,882
29 years$31,718$23,023$16,415$11,526$7,994$1,588
30 years$30,330$21,743$15,290$10,578$7,223$1,339
31 years$29,034$20,555$14,254$9,715$6,530$1,130
32 years$27,821$19,449$13,299$8,929$5,907$954
33 years$26,684$18,418$12,418$8,211$5,346$805
34 years$25,616$17,456$11,602$7,554$4,840$679
35 years$24,611$16,557$10,847$6,954$4,384$574
36 years$23,665$15,715$10,147$6,405$3,972$484
37 years$22,771$14,926$9,498$5,901$3,600$409
38 years$21,927$14,185$8,894$5,439$3,264$345
39 years$21,128$13,488$8,333$5,015$2,960$291
40 years$20,371$12,833$7,811$4,626$2,685$246
41 years$19,652$12,216$7,324$4,268$2,435$208
42 years$18,970$11,634$6,870$3,939$2,210$176
43 years$18,321$11,085$6,447$3,636$2,006$148
44 years$17,703$10,566$6,051$3,357$1,821$125
45 years$17,115$10,076$5,682$3,100$1,653$106
46 years$16,553$9,612$5,337$2,864$1,501$89
47 years$16,018$9,173$5,014$2,646$1,363$75
48 years$15,506$8,757$4,711$2,445$1,237$64
49 years$15,016$8,362$4,428$2,260$1,124$54
50 years$14,548$7,988$4,163$2,089$1,021$45

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 $5,079 every year, while hoping to spend $49,256 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: 39/35/26 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,425,039$15,635,339$15,404,389$16,938,637
66$18,047,985$16,349,063$15,868,028$18,026,559
67$19,834,821$17,096,108$16,345,548$19,197,206
68$21,802,211$17,878,055$16,837,362$20,462,110
69$23,968,518$18,696,562$17,343,896$21,829,886
70$26,353,977$19,553,363$17,865,586$23,309,986
71$28,980,883$20,450,279$18,402,884$24,912,780
72$31,873,807$21,389,216$18,956,254$26,649,654
73$35,059,820$22,372,173$19,526,174$28,533,105
74$38,568,755$23,401,243$20,113,134$30,576,855
75$42,433,486$24,478,622$20,717,642$32,795,975
76$46,690,237$25,606,610$21,340,219$35,207,018
77$51,378,926$26,787,618$21,981,400$37,828,170
78$56,543,539$28,024,174$22,641,740$40,679,411
79$62,232,547$29,318,925$23,321,805$43,782,698
80$68,499,363$30,674,649$24,022,182$47,162,165
81$75,402,847$32,094,255$24,743,474$50,844,338
82$83,007,856$33,580,793$25,486,299$54,858,379
83$91,385,865$35,137,460$26,251,298$59,236,350
84$100,615,635$36,767,606$27,039,128$64,013,510
85$110,783,955$38,474,745$27,850,464$69,228,630
86$121,986,469$40,262,557$28,686,005$74,924,355
87$134,328,569$42,134,903$29,546,466$81,147,591
88$147,926,396$44,095,827$30,432,587$87,949,936
89$162,907,937$46,149,570$31,345,126$95,388,157
90$179,414,225$48,300,578$32,284,866$103,524,711
91$197,600,680$50,553,510$33,252,613$112,428,320
92$217,638,568$52,913,251$34,249,195$122,174,610
93$239,716,623$55,384,922$35,275,464$132,846,802
94$264,042,827$57,973,891$36,332,300$144,536,490
95$290,846,368$60,685,785$37,420,605$157,344,485
96$320,379,813$63,526,504$38,541,311$171,381,750
97$352,921,484$66,502,232$39,695,375$186,770,431
98$388,778,087$69,619,453$40,883,781$203,644,990
99$428,287,610$72,884,964$42,107,546$222,153,455
100$471,822,510$76,305,892$43,367,713$242,458,799