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%17.8%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,088,798
2 years$576,418$565,683$555,279$545,191$535,407$499,907
3 years$380,462$369,680$359,302$349,309$339,684$305,355
4 years$282,503$271,754$261,480$251,658$242,265$209,369
5 years$223,742$213,058$202,919$193,297$184,166$152,791
6 years$184,582$173,978$163,989$154,581$145,725$115,898
7 years$156,621$146,107$136,275$127,090$118,513$90,232
8 years$135,660$125,240$115,572$106,613$98,318$71,563
9 years$119,365$109,044$99,543$90,810$82,798$57,539
10 years$106,337$96,117$86,783$78,279$70,548$46,748
11 years$95,685$85,567$76,403$68,126$60,674$38,288
12 years$86,815$76,801$67,805$59,756$52,579$31,561
13 years$79,315$69,405$60,580$52,756$45,849$26,148
14 years$72,892$63,088$54,431$46,831$40,191$21,754
15 years$67,330$57,632$49,144$41,765$35,388$18,159
16 years$62,468$52,876$44,556$37,396$31,276$15,200
17 years$58,183$48,697$40,544$33,600$27,731$12,752
18 years$54,378$44,998$37,012$30,280$24,657$10,718
19 years$50,978$41,704$33,883$27,361$21,978$9,023
20 years$47,921$38,753$31,096$24,780$19,631$7,606
21 years$45,160$36,097$28,602$22,490$17,567$6,419
22 years$42,652$33,695$26,361$20,448$15,747$5,422
23 years$40,366$31,514$24,340$18,623$14,135$4,583
24 years$38,274$29,527$22,510$16,985$12,705$3,877
25 years$36,352$27,710$20,849$15,512$11,433$3,281
26 years$34,581$26,043$19,336$14,183$10,298$2,778
27 years$32,943$24,509$17,956$12,982$9,285$2,353
28 years$31,426$23,095$16,692$11,894$8,378$1,994
29 years$30,015$21,787$15,533$10,907$7,565$1,690
30 years$28,702$20,576$14,469$10,010$6,835$1,433
31 years$27,475$19,451$13,489$9,194$6,180$1,215
32 years$26,327$18,405$12,585$8,449$5,590$1,030
33 years$25,251$17,429$11,751$7,770$5,059$874
34 years$24,241$16,519$10,979$7,149$4,580$741
35 years$23,290$15,668$10,265$6,581$4,149$629
36 years$22,394$14,871$9,603$6,061$3,759$534
37 years$21,549$14,124$8,988$5,584$3,407$453
38 years$20,750$13,423$8,417$5,147$3,089$384
39 years$19,993$12,764$7,886$4,746$2,801$326
40 years$19,277$12,144$7,391$4,377$2,540$277
41 years$18,597$11,560$6,931$4,039$2,305$235
42 years$17,951$11,009$6,501$3,727$2,091$199
43 years$17,337$10,490$6,100$3,441$1,898$169
44 years$16,753$9,999$5,726$3,177$1,723$144
45 years$16,196$9,535$5,377$2,934$1,564$122
46 years$15,665$9,096$5,050$2,710$1,420$103
47 years$15,158$8,680$4,744$2,504$1,289$88
48 years$14,673$8,286$4,458$2,314$1,171$75
49 years$14,210$7,913$4,191$2,138$1,064$63
50 years$13,767$7,559$3,940$1,976$966$54

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 $5,296 every year, while hoping to spend $50,158 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: 31/44/25 Blend
65$14,100,000$14,100,000$14,100,000$14,100,000
66$15,543,663$14,796,363$14,577,813$15,905,641
67$17,075,749$15,468,017$15,012,802$16,855,053
68$18,762,426$16,170,901$15,460,682$17,871,503
69$20,619,411$16,906,492$15,921,832$18,964,662
70$22,664,019$17,676,339$16,396,642$20,141,261
71$24,915,333$18,482,063$16,885,513$21,408,670
72$27,394,377$19,325,364$17,388,858$22,774,964
73$30,124,321$20,208,025$17,907,102$24,248,991
74$33,130,694$21,131,910$18,440,682$25,840,445
75$36,441,628$22,098,977$18,990,049$27,559,957
76$40,088,124$23,111,277$19,555,665$29,419,183
77$44,104,339$24,170,956$20,138,006$31,430,908
78$48,527,916$25,280,267$20,737,564$33,609,156
79$53,400,334$26,441,570$21,354,842$35,969,317
80$58,767,299$27,657,338$21,990,360$38,528,281
81$64,679,178$28,930,163$22,644,653$41,304,590
82$71,191,475$30,262,761$23,318,268$44,318,600
83$78,365,348$31,657,979$24,011,773$47,592,665
84$86,268,195$33,118,802$24,725,750$51,151,336
85$94,974,285$34,648,357$25,460,796$55,021,585
86$104,565,458$36,249,922$26,217,528$59,233,042
87$115,131,900$37,926,934$26,996,581$63,818,265
88$126,772,993$39,682,993$27,798,606$68,813,038
89$139,598,253$41,521,875$28,624,274$74,256,688
90$153,728,365$43,447,536$29,474,277$80,192,449
91$169,296,316$45,464,124$30,349,323$86,667,850
92$186,448,660$47,575,985$31,250,145$93,735,152
93$205,346,893$49,787,678$32,177,495$101,451,824
94$226,168,980$52,103,979$33,132,145$109,881,067
95$249,111,037$54,529,894$34,114,893$119,092,394
96$274,389,177$57,070,673$35,126,556$129,162,270
97$302,241,555$59,731,818$36,167,977$140,174,809
98$332,930,613$62,519,097$37,240,024$152,222,553
99$366,745,558$65,438,555$38,343,588$165,407,324
100$404,005,093$68,496,532$39,479,585$179,841,158