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%15.1%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,085,139
2 years$568,242$557,659$547,403$537,458$527,812$504,481
3 years$375,065$364,436$354,206$344,355$334,866$312,198
4 years$278,495$267,899$257,771$248,088$238,829$217,000
5 years$220,569$210,036$200,041$190,555$181,554$160,625
6 years$181,964$171,510$161,663$152,389$143,658$123,650
7 years$154,399$144,034$134,343$125,287$116,832$97,751
8 years$133,736$123,464$113,933$105,100$96,923$78,763
9 years$117,672$107,498$98,131$89,522$81,624$64,371
10 years$104,829$94,754$85,552$77,169$69,547$53,185
11 years$94,328$84,354$75,319$67,160$59,813$44,320
12 years$85,583$75,711$66,844$58,908$51,833$37,186
13 years$78,190$68,421$59,720$52,007$45,199$31,374
14 years$71,858$62,193$53,659$46,166$39,621$26,590
15 years$66,375$56,814$48,447$41,172$34,886$22,620
16 years$61,582$52,126$43,924$36,865$30,832$19,303
17 years$57,358$48,006$39,969$33,123$27,338$16,515
18 years$53,607$44,360$36,487$29,851$24,308$14,161
19 years$50,255$41,112$33,402$26,973$21,666$12,166
20 years$47,242$38,203$30,655$24,429$19,352$10,468
21 years$44,519$35,585$28,196$22,171$17,318$9,019
22 years$42,047$33,217$25,987$20,158$15,523$7,779
23 years$39,794$31,067$23,995$18,359$13,935$6,717
24 years$37,731$29,108$22,191$16,744$12,525$5,805
25 years$35,836$27,317$20,553$15,292$11,270$5,020
26 years$34,090$25,673$19,062$13,982$10,152$4,344
27 years$32,476$24,161$17,701$12,798$9,153$3,761
28 years$30,980$22,767$16,455$11,726$8,259$3,258
29 years$29,590$21,478$15,313$10,753$7,457$2,823
30 years$28,294$20,284$14,264$9,868$6,738$2,447
31 years$27,085$19,175$13,297$9,063$6,092$2,122
32 years$25,954$18,144$12,407$8,329$5,511$1,840
33 years$24,893$17,182$11,584$7,660$4,987$1,597
34 years$23,897$16,285$10,824$7,047$4,515$1,385
35 years$22,960$15,446$10,119$6,488$4,090$1,202
36 years$22,076$14,660$9,466$5,975$3,705$1,044
37 years$21,243$13,924$8,860$5,505$3,358$906
38 years$20,455$13,233$8,297$5,074$3,045$786
39 years$19,710$12,583$7,774$4,679$2,761$683
40 years$19,003$11,972$7,286$4,315$2,504$593
41 years$18,333$11,396$6,832$3,981$2,272$515
42 years$17,697$10,853$6,409$3,674$2,062$447
43 years$17,091$10,341$6,014$3,392$1,871$388
44 years$16,515$9,857$5,645$3,132$1,698$337
45 years$15,966$9,400$5,301$2,892$1,542$293
46 years$15,442$8,967$4,978$2,672$1,400$254
47 years$14,943$8,557$4,677$2,468$1,271$221
48 years$14,465$8,169$4,395$2,281$1,154$192
49 years$14,008$7,801$4,131$2,108$1,048$167
50 years$13,571$7,452$3,884$1,948$952$145

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 $6,399 every year, while hoping to spend $34,155 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: 64/24/12 Blend
65$13,900,000$13,900,000$13,900,000$13,900,000
66$15,324,401$14,587,701$14,372,251$16,262,504
67$16,851,149$15,266,157$14,817,380$17,568,783
68$18,532,481$15,976,714$15,276,277$18,990,488
69$20,384,127$16,720,906$15,749,366$20,542,543
70$22,423,424$17,500,347$16,237,086$22,237,636
71$24,669,473$18,316,723$16,739,888$24,089,720
72$27,143,323$19,171,806$17,258,238$26,114,143
73$29,868,169$20,067,451$17,792,615$28,327,792
74$32,869,570$21,005,604$18,343,516$30,749,244
75$36,175,691$21,988,305$18,911,449$33,398,941
76$39,817,571$23,017,690$19,496,941$36,299,375
77$43,829,408$24,096,002$20,100,534$39,475,300
78$48,248,892$25,225,591$20,722,786$42,953,957
79$53,117,553$26,408,919$21,364,274$46,765,328
80$58,481,157$27,648,569$22,025,590$50,942,416
81$64,390,135$28,947,249$22,707,348$55,521,547
82$70,900,062$30,307,797$23,410,177$60,542,707
83$78,072,178$31,733,190$24,134,728$66,049,921
84$85,973,970$33,226,546$24,881,671$72,091,653
85$94,679,806$34,791,137$25,651,698$78,721,262
86$104,271,636$36,430,393$26,445,520$85,997,498
87$114,839,769$38,147,908$27,263,871$93,985,052
88$126,483,723$39,947,453$28,107,508$102,755,154
89$139,313,165$41,832,981$28,977,212$112,386,242
90$153,448,945$43,808,634$29,873,786$122,964,692
91$169,024,239$45,878,759$30,798,059$134,585,628
92$186,185,803$48,047,909$31,750,886$147,353,806
93$205,095,361$50,320,863$32,733,146$161,384,599
94$225,931,129$52,702,627$33,745,749$176,805,074
95$248,889,502$55,198,453$34,789,628$193,755,180
96$274,186,900$57,813,847$35,865,750$212,389,063
97$302,061,820$60,554,581$36,975,108$232,876,504
98$332,777,078$63,426,708$38,118,727$255,404,515
99$366,622,299$66,436,576$39,297,664$280,179,091
100$403,916,644$69,590,838$40,513,006$307,427,141