Can I retire at age 66 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,072,067
2 years$568,242$557,659$547,403$537,458$527,812$491,548
3 years$375,065$364,436$354,206$344,355$334,866$299,815
4 years$278,495$267,899$257,771$248,088$238,829$205,260
5 years$220,569$210,036$200,041$190,555$181,554$149,556
6 years$181,964$171,510$161,663$152,389$143,658$113,257
7 years$154,399$144,034$134,343$125,287$116,832$88,025
8 years$133,736$123,464$113,933$105,100$96,923$69,689
9 years$117,672$107,498$98,131$89,522$81,624$55,930
10 years$104,829$94,754$85,552$77,169$69,547$45,355
11 years$94,328$84,354$75,319$67,160$59,813$37,076
12 years$85,583$75,711$66,844$58,908$51,833$30,500
13 years$78,190$68,421$59,720$52,007$45,199$25,218
14 years$71,858$62,193$53,659$46,166$39,621$20,936
15 years$66,375$56,814$48,447$41,172$34,886$17,439
16 years$61,582$52,126$43,924$36,865$30,832$14,566
17 years$57,358$48,006$39,969$33,123$27,338$12,193
18 years$53,607$44,360$36,487$29,851$24,308$10,226
19 years$50,255$41,112$33,402$26,973$21,666$8,589
20 years$47,242$38,203$30,655$24,429$19,352$7,224
21 years$44,519$35,585$28,196$22,171$17,318$6,082
22 years$42,047$33,217$25,987$20,158$15,523$5,125
23 years$39,794$31,067$23,995$18,359$13,935$4,322
24 years$37,731$29,108$22,191$16,744$12,525$3,647
25 years$35,836$27,317$20,553$15,292$11,270$3,080
26 years$34,090$25,673$19,062$13,982$10,152$2,601
27 years$32,476$24,161$17,701$12,798$9,153$2,198
28 years$30,980$22,767$16,455$11,726$8,259$1,858
29 years$29,590$21,478$15,313$10,753$7,457$1,571
30 years$28,294$20,284$14,264$9,868$6,738$1,329
31 years$27,085$19,175$13,297$9,063$6,092$1,124
32 years$25,954$18,144$12,407$8,329$5,511$951
33 years$24,893$17,182$11,584$7,660$4,987$804
34 years$23,897$16,285$10,824$7,047$4,515$681
35 years$22,960$15,446$10,119$6,488$4,090$576
36 years$22,076$14,660$9,466$5,975$3,705$488
37 years$21,243$13,924$8,860$5,505$3,358$413
38 years$20,455$13,233$8,297$5,074$3,045$349
39 years$19,710$12,583$7,774$4,679$2,761$296
40 years$19,003$11,972$7,286$4,315$2,504$250
41 years$18,333$11,396$6,832$3,981$2,272$212
42 years$17,697$10,853$6,409$3,674$2,062$179
43 years$17,091$10,341$6,014$3,392$1,871$152
44 years$16,515$9,857$5,645$3,132$1,698$129
45 years$15,966$9,400$5,301$2,892$1,542$109
46 years$15,442$8,967$4,978$2,672$1,400$92
47 years$14,943$8,557$4,677$2,468$1,271$78
48 years$14,465$8,169$4,395$2,281$1,154$66
49 years$14,008$7,801$4,131$2,108$1,048$56
50 years$13,571$7,452$3,884$1,948$952$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,900,000, adding $5,191 every year, while hoping to spend $31,299 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: 70/15/15 Blend
65$13,900,000$13,900,000$13,900,000$13,900,000
66$15,323,155$14,586,455$14,371,005$16,342,876
67$16,852,814$15,267,889$14,819,131$17,702,789
68$18,537,451$15,981,665$15,281,221$19,186,353
69$20,392,838$16,729,333$15,757,709$20,809,203
70$22,436,358$17,512,521$16,249,043$22,585,072
71$24,687,166$18,332,935$16,755,686$24,529,076
72$27,166,369$19,192,360$17,278,113$26,657,852
73$29,897,226$20,092,673$17,816,817$28,989,715
74$32,905,366$21,035,838$18,372,304$31,544,821
75$36,219,034$22,023,914$18,945,097$34,345,365
76$39,869,351$23,059,061$19,535,733$37,415,776
77$43,890,614$24,143,544$20,144,769$40,782,953
78$48,320,615$25,279,737$20,772,777$44,476,513
79$53,201,001$26,470,127$21,420,348$48,529,064
80$58,577,664$27,717,324$22,088,091$52,976,512
81$64,501,176$29,024,064$22,776,633$57,858,398
82$71,027,268$30,393,215$23,486,622$63,218,263
83$78,217,351$31,827,784$24,218,726$69,104,057
84$86,139,099$33,330,923$24,973,631$75,568,586
85$94,867,088$34,905,940$25,752,049$82,670,008
86$104,483,499$36,556,298$26,554,710$90,472,378
87$115,078,893$38,285,634$27,382,370$99,046,242
88$126,753,066$40,097,756$28,235,805$108,469,304
89$139,615,993$41,996,660$29,115,819$118,827,151
90$153,788,863$43,986,535$30,023,238$130,214,056
91$169,405,225$46,071,774$30,958,914$142,733,863
92$186,612,248$48,256,980$31,923,728$156,500,957
93$205,572,109$50,546,984$32,918,585$171,641,345
94$226,463,526$52,946,849$33,944,420$188,293,830
95$249,483,445$55,461,884$35,002,197$206,611,321
96$274,848,895$58,097,655$36,092,909$226,762,265
97$302,799,043$60,860,001$37,217,582$248,932,233
98$333,597,446$63,755,041$38,377,272$273,325,659
99$367,534,543$66,789,195$39,573,067$300,167,768
100$404,930,393$69,969,193$40,806,092$329,706,686