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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,087,626
2 years$572,330$561,671$551,341$541,325$531,609$502,832
3 years$377,763$367,058$356,754$346,832$337,275$309,374
4 years$280,499$269,827$259,625$249,873$240,547$213,738
5 years$222,156$211,547$201,480$191,926$182,860$157,216
6 years$183,273$172,744$162,826$153,485$144,691$120,237
7 years$155,510$145,070$135,309$126,189$117,673$94,411
8 years$134,698$124,352$114,753$105,856$97,621$75,541
9 years$118,519$108,271$98,837$90,166$82,211$61,293
10 years$105,583$95,436$86,168$77,724$70,048$50,267
11 years$95,006$84,961$75,861$67,643$60,243$41,570
12 years$86,199$76,256$67,325$59,332$52,206$34,606
13 years$78,752$68,913$60,150$52,381$45,524$28,963
14 years$72,375$62,640$54,045$46,498$39,906$24,347
15 years$66,852$57,223$48,795$41,468$35,137$20,539
16 years$62,025$52,501$44,240$37,130$31,054$17,378
17 years$57,770$48,351$40,257$33,361$27,535$14,740
18 years$53,993$44,679$36,749$30,065$24,482$12,528
19 years$50,616$41,408$33,642$27,167$21,822$10,667
20 years$47,582$38,478$30,875$24,605$19,492$9,095
21 years$44,839$35,841$28,399$22,330$17,443$7,764
22 years$42,350$33,456$26,174$20,303$15,635$6,635
23 years$40,080$31,291$24,167$18,491$14,035$5,676
24 years$38,003$29,318$22,351$16,865$12,615$4,858
25 years$36,094$27,513$20,701$15,402$11,351$4,162
26 years$34,335$25,858$19,199$14,082$10,225$3,567
27 years$32,710$24,335$17,828$12,890$9,219$3,058
28 years$31,203$22,931$16,574$11,810$8,318$2,623
29 years$29,803$21,633$15,423$10,830$7,511$2,251
30 years$28,498$20,430$14,366$9,939$6,787$1,932
31 years$27,280$19,313$13,393$9,128$6,136$1,659
32 years$26,140$18,274$12,496$8,389$5,550$1,424
33 years$25,072$17,306$11,668$7,715$5,023$1,223
34 years$24,069$16,402$10,902$7,098$4,548$1,051
35 years$23,125$15,557$10,192$6,534$4,119$903
36 years$22,235$14,766$9,535$6,018$3,732$776
37 years$21,396$14,024$8,924$5,545$3,383$667
38 years$20,602$13,328$8,357$5,111$3,067$573
39 years$19,852$12,674$7,830$4,712$2,781$492
40 years$19,140$12,058$7,339$4,346$2,522$423
41 years$18,465$11,478$6,881$4,010$2,288$364
42 years$17,824$10,931$6,455$3,701$2,076$313
43 years$17,214$10,415$6,057$3,416$1,885$269
44 years$16,634$9,928$5,686$3,154$1,711$231
45 years$16,081$9,467$5,339$2,913$1,553$199
46 years$15,554$9,031$5,014$2,691$1,410$171
47 years$15,050$8,619$4,711$2,486$1,280$147
48 years$14,569$8,228$4,427$2,297$1,163$126
49 years$14,109$7,857$4,161$2,123$1,056$109
50 years$13,669$7,505$3,912$1,962$959$93

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 $6,064 every year, while hoping to spend $59,159 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: 71/6/23 Blend
65$14,000,000$14,000,000$14,000,000$14,000,000
66$15,434,255$14,692,255$14,475,255$16,441,121
67$16,945,604$15,349,231$14,897,231$17,771,035
68$18,609,128$16,036,416$15,331,361$19,219,221
69$20,440,287$16,755,227$15,777,989$20,803,533
70$22,456,114$17,507,151$16,237,469$22,537,479
71$24,675,379$18,293,743$16,710,166$24,435,927
72$27,118,765$19,116,633$17,196,454$26,515,253
73$29,809,060$19,977,530$17,696,716$28,793,486
74$32,771,378$20,878,222$18,211,350$31,290,482
75$36,033,388$21,820,585$18,740,760$34,028,104
76$39,625,582$22,806,582$19,285,364$37,030,434
77$43,581,559$23,838,272$19,845,591$40,323,990
78$47,938,342$24,917,812$20,421,882$43,937,982
79$52,736,728$26,047,459$21,014,690$47,904,580
80$58,021,672$27,229,583$21,624,480$52,259,219
81$63,842,714$28,466,663$22,251,731$57,040,927
82$70,254,440$29,761,300$22,896,934$62,292,697
83$77,317,006$31,116,216$23,560,594$68,061,885
84$85,096,697$32,534,267$24,243,230$74,400,660
85$93,666,556$34,018,443$24,945,375$81,366,486
86$103,107,077$35,571,878$25,667,577$89,022,670
87$113,506,956$37,197,858$26,410,398$97,438,952
88$124,963,936$38,899,823$27,174,417$106,692,161
89$137,585,725$40,681,382$27,960,228$116,866,940
90$151,491,014$42,546,315$28,768,440$128,056,536
91$166,810,596$44,498,583$29,599,681$140,363,686
92$183,688,601$46,542,338$30,454,595$153,901,573
93$202,283,858$48,681,932$31,333,844$168,794,899
94$222,771,390$50,921,925$32,238,106$185,181,055
95$245,344,070$53,267,097$33,168,080$203,211,417
96$270,214,437$55,722,457$34,124,484$223,052,764
97$297,616,709$58,293,257$35,108,053$244,888,860
98$327,808,984$60,984,997$36,119,544$268,922,172
99$361,075,686$63,803,448$37,159,734$295,375,788
100$397,730,243$66,754,653$38,229,422$324,495,509