Can I retire at age 66 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,091,863
2 years$576,418$565,683$555,279$545,191$535,407$502,931
3 years$380,462$369,680$359,302$349,309$339,684$308,241
4 years$282,503$271,754$261,480$251,658$242,265$212,096
5 years$223,742$213,058$202,919$193,297$184,166$155,353
6 years$184,582$173,978$163,989$154,581$145,725$118,294
7 years$156,621$146,107$136,275$127,090$118,513$92,465
8 years$135,660$125,240$115,572$106,613$98,318$73,637
9 years$119,365$109,044$99,543$90,810$82,798$59,459
10 years$106,337$96,117$86,783$78,279$70,548$48,520
11 years$95,685$85,567$76,403$68,126$60,674$39,920
12 years$86,815$76,801$67,805$59,756$52,579$33,058
13 years$79,315$69,405$60,580$52,756$45,849$27,519
14 years$72,892$63,088$54,431$46,831$40,191$23,005
15 years$67,330$57,632$49,144$41,765$35,388$19,299
16 years$62,468$52,876$44,556$37,396$31,276$16,236
17 years$58,183$48,697$40,544$33,600$27,731$13,691
18 years$54,378$44,998$37,012$30,280$24,657$11,568
19 years$50,978$41,704$33,883$27,361$21,978$9,790
20 years$47,921$38,753$31,096$24,780$19,631$8,297
21 years$45,160$36,097$28,602$22,490$17,567$7,040
22 years$42,652$33,695$26,361$20,448$15,747$5,979
23 years$40,366$31,514$24,340$18,623$14,135$5,082
24 years$38,274$29,527$22,510$16,985$12,705$4,323
25 years$36,352$27,710$20,849$15,512$11,433$3,679
26 years$34,581$26,043$19,336$14,183$10,298$3,133
27 years$32,943$24,509$17,956$12,982$9,285$2,669
28 years$31,426$23,095$16,692$11,894$8,378$2,274
29 years$30,015$21,787$15,533$10,907$7,565$1,939
30 years$28,702$20,576$14,469$10,010$6,835$1,653
31 years$27,475$19,451$13,489$9,194$6,180$1,410
32 years$26,327$18,405$12,585$8,449$5,590$1,203
33 years$25,251$17,429$11,751$7,770$5,059$1,026
34 years$24,241$16,519$10,979$7,149$4,580$876
35 years$23,290$15,668$10,265$6,581$4,149$747
36 years$22,394$14,871$9,603$6,061$3,759$638
37 years$21,549$14,124$8,988$5,584$3,407$544
38 years$20,750$13,423$8,417$5,147$3,089$465
39 years$19,993$12,764$7,886$4,746$2,801$397
40 years$19,277$12,144$7,391$4,377$2,540$339
41 years$18,597$11,560$6,931$4,039$2,305$289
42 years$17,951$11,009$6,501$3,727$2,091$247
43 years$17,337$10,490$6,100$3,441$1,898$211
44 years$16,753$9,999$5,726$3,177$1,723$180
45 years$16,196$9,535$5,377$2,934$1,564$154
46 years$15,665$9,096$5,050$2,710$1,420$131
47 years$15,158$8,680$4,744$2,504$1,289$112
48 years$14,673$8,286$4,458$2,314$1,171$96
49 years$14,210$7,913$4,191$2,138$1,064$82
50 years$13,767$7,559$3,940$1,976$966$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,100,000, adding $2,918 every year, while hoping to spend $31,193 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: 73/17/10 Blend
65$14,100,000$14,100,000$14,100,000$14,100,000
66$15,541,210$14,793,910$14,575,360$16,646,584
67$17,093,224$15,485,622$15,030,445$18,068,622
68$18,802,499$16,210,183$15,499,731$19,621,466
69$20,685,040$16,969,169$15,983,659$21,321,353
70$22,758,489$17,764,233$16,482,686$23,182,813
71$25,042,282$18,597,108$16,997,283$25,221,843
72$27,557,839$19,469,610$17,527,936$27,456,045
73$30,328,761$20,383,644$18,075,145$29,904,801
74$33,381,059$21,341,206$18,639,426$32,589,441
75$36,743,391$22,344,390$19,221,311$35,533,450
76$40,447,342$23,395,390$19,821,350$38,762,685
77$44,527,714$24,496,507$20,440,108$42,305,610
78$49,022,858$25,650,153$21,078,169$46,193,570
79$53,975,036$26,858,857$21,736,134$50,461,075
80$59,430,820$28,125,271$22,414,624$55,146,127
81$65,441,528$29,452,174$23,114,280$60,290,572
82$72,063,716$30,842,482$23,835,759$65,940,495
83$79,359,701$32,299,250$24,579,744$72,146,643
84$87,398,160$33,825,683$25,346,935$78,964,907
85$96,254,771$35,425,140$26,138,055$86,456,842
86$106,012,928$37,101,143$26,953,851$94,690,241
87$116,764,534$38,857,385$27,795,092$103,739,773
88$128,610,859$40,697,739$28,662,570$113,687,679
89$141,663,503$42,626,266$29,557,103$124,624,547
90$156,045,450$44,647,222$30,479,535$136,650,156
91$171,892,221$46,765,071$31,430,735$149,874,416
92$189,353,162$48,984,494$32,411,599$164,418,396
93$208,592,849$51,310,399$33,423,052$180,415,463
94$229,792,643$53,747,932$34,466,047$198,012,529
95$253,152,400$56,302,488$35,541,568$217,371,437
96$278,892,361$58,979,726$36,650,627$238,670,474
97$307,255,229$61,785,579$37,794,269$262,106,050
98$338,508,458$64,726,268$38,973,573$287,894,545
99$372,946,782$67,808,317$40,189,649$316,274,338
100$410,894,994$71,038,565$41,443,643$347,508,050