Can I retire at age 66 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,074,208
2 years$572,330$561,671$551,341$541,325$531,609$489,612
3 years$377,763$367,058$356,754$346,832$337,275$296,772
4 years$280,499$269,827$259,625$249,873$240,547$201,849
5 years$222,156$211,547$201,480$191,926$182,860$146,066
6 years$183,273$172,744$162,826$153,485$144,691$109,826
7 years$155,510$145,070$135,309$126,189$117,673$84,727
8 years$134,698$124,352$114,753$105,856$97,621$66,563
9 years$118,519$108,271$98,837$90,166$82,211$52,998
10 years$105,583$95,436$86,168$77,724$70,048$42,625
11 years$95,006$84,961$75,861$67,643$60,243$34,551
12 years$86,199$76,256$67,325$59,332$52,206$28,178
13 years$78,752$68,913$60,150$52,381$45,524$23,093
14 years$72,375$62,640$54,045$46,498$39,906$18,999
15 years$66,852$57,223$48,795$41,468$35,137$15,679
16 years$62,025$52,501$44,240$37,130$31,054$12,973
17 years$57,770$48,351$40,257$33,361$27,535$10,757
18 years$53,993$44,679$36,749$30,065$24,482$8,934
19 years$50,616$41,408$33,642$27,167$21,822$7,431
20 years$47,582$38,478$30,875$24,605$19,492$6,187
21 years$44,839$35,841$28,399$22,330$17,443$5,157
22 years$42,350$33,456$26,174$20,303$15,635$4,302
23 years$40,080$31,291$24,167$18,491$14,035$3,591
24 years$38,003$29,318$22,351$16,865$12,615$2,999
25 years$36,094$27,513$20,701$15,402$11,351$2,506
26 years$34,335$25,858$19,199$14,082$10,225$2,095
27 years$32,710$24,335$17,828$12,890$9,219$1,751
28 years$31,203$22,931$16,574$11,810$8,318$1,465
29 years$29,803$21,633$15,423$10,830$7,511$1,225
30 years$28,498$20,430$14,366$9,939$6,787$1,025
31 years$27,280$19,313$13,393$9,128$6,136$858
32 years$26,140$18,274$12,496$8,389$5,550$718
33 years$25,072$17,306$11,668$7,715$5,023$601
34 years$24,069$16,402$10,902$7,098$4,548$503
35 years$23,125$15,557$10,192$6,534$4,119$421
36 years$22,235$14,766$9,535$6,018$3,732$353
37 years$21,396$14,024$8,924$5,545$3,383$295
38 years$20,602$13,328$8,357$5,111$3,067$247
39 years$19,852$12,674$7,830$4,712$2,781$207
40 years$19,140$12,058$7,339$4,346$2,522$173
41 years$18,465$11,478$6,881$4,010$2,288$145
42 years$17,824$10,931$6,455$3,701$2,076$122
43 years$17,214$10,415$6,057$3,416$1,885$102
44 years$16,634$9,928$5,686$3,154$1,711$85
45 years$16,081$9,467$5,339$2,913$1,553$71
46 years$15,554$9,031$5,014$2,691$1,410$60
47 years$15,050$8,619$4,711$2,486$1,280$50
48 years$14,569$8,228$4,427$2,297$1,163$42
49 years$14,109$7,857$4,161$2,123$1,056$35
50 years$13,669$7,505$3,912$1,962$959$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,000,000, adding $4,335 every year, while hoping to spend $25,557 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: 32/45/23 Blend
65$14,000,000$14,000,000$14,000,000$14,000,000
66$15,432,472$14,690,472$14,473,472$15,816,881
67$16,979,391$15,383,112$14,931,140$16,800,114
68$18,683,240$16,108,836$15,403,285$17,855,822
69$20,559,998$16,869,236$15,890,362$18,992,424
70$22,627,274$17,665,985$16,392,845$20,217,033
71$24,904,472$18,500,834$16,911,222$21,537,434
72$27,412,974$19,375,621$17,445,994$22,962,154
73$30,176,344$20,292,273$17,997,681$24,500,535
74$33,220,545$21,252,808$18,566,817$26,162,814
75$36,574,191$22,259,346$19,153,956$27,960,212
76$40,268,810$23,314,106$19,759,665$29,905,031
77$44,339,149$24,419,417$20,384,534$32,010,763
78$48,823,494$25,577,721$21,029,168$34,292,205
79$53,764,037$26,791,576$21,694,192$36,765,593
80$59,207,274$28,063,668$22,380,252$39,448,744
81$65,204,438$29,396,810$23,088,013$42,361,212
82$71,811,991$30,793,953$23,818,161$45,524,464
83$79,092,150$32,258,193$24,571,406$48,962,069
84$87,113,478$33,792,774$25,348,477$52,699,910
85$95,951,531$35,401,098$26,150,129$56,766,418
86$105,689,569$37,086,733$26,977,140$61,192,821
87$116,419,342$38,853,420$27,830,311$66,013,432
88$128,241,959$40,705,082$28,710,470$71,265,955
89$141,268,840$42,645,832$29,618,472$76,991,824
90$155,622,768$44,679,984$30,555,198$83,236,585
91$171,439,049$46,812,062$31,521,556$90,050,303
92$188,866,788$49,046,809$32,518,483$97,488,020
93$208,070,296$51,389,198$33,546,948$105,610,257
94$229,230,643$53,844,446$34,607,948$114,483,567
95$252,547,367$56,418,022$35,702,513$124,181,140
96$278,240,355$59,115,662$36,831,704$134,783,478
97$306,551,923$61,943,381$37,996,617$146,379,131
98$337,749,098$64,907,486$39,198,384$159,065,510
99$372,126,146$68,014,592$40,438,169$172,949,784
100$410,007,341$71,271,636$41,717,176$188,149,867