Can I retire at age 66 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,109,466
2 years$580,506$569,695$559,217$549,058$539,204$516,271
3 years$383,160$372,302$361,850$351,787$342,093$319,804
4 years$284,506$273,681$263,334$253,443$243,984$222,511
5 years$225,329$214,569$204,358$194,668$185,472$164,877
6 years$185,891$175,212$165,152$155,678$146,758$127,062
7 years$157,732$147,143$137,242$127,991$119,354$100,562
8 years$136,622$126,129$116,392$107,369$99,015$81,122
9 years$120,212$109,818$100,248$91,454$83,385$66,378
10 years$107,092$96,799$87,399$78,834$71,048$54,911
11 years$96,364$86,174$76,945$68,610$61,104$45,817
12 years$87,430$77,345$68,286$60,180$52,951$38,492
13 years$79,877$69,898$61,009$53,130$46,175$32,518
14 years$73,408$63,535$54,817$47,163$40,476$27,597
15 years$67,807$58,040$49,493$42,061$35,639$23,510
16 years$62,911$53,251$44,872$37,661$31,498$20,091
17 years$58,596$49,042$40,832$33,838$27,928$17,214
18 years$54,764$45,317$37,274$30,495$24,832$14,782
19 years$51,339$41,999$34,123$27,555$22,133$12,718
20 years$48,261$39,028$31,316$24,956$19,770$10,959
21 years$45,480$36,353$28,805$22,649$17,692$9,457
22 years$42,955$33,934$26,548$20,593$15,858$8,170
23 years$40,653$31,738$24,513$18,755$14,235$7,065
24 years$38,545$29,736$22,670$17,105$12,795$6,115
25 years$36,610$27,906$20,997$15,622$11,514$5,297
26 years$34,826$26,227$19,474$14,284$10,371$4,591
27 years$33,177$24,683$18,083$13,074$9,350$3,981
28 years$31,649$23,259$16,810$11,979$8,437$3,454
29 years$30,228$21,942$15,644$10,985$7,618$2,998
30 years$28,905$20,722$14,571$10,081$6,884$2,603
31 years$27,670$19,589$13,584$9,259$6,224$2,261
32 years$26,514$18,535$12,675$8,509$5,630$1,964
33 years$25,430$17,553$11,834$7,825$5,095$1,707
34 years$24,412$16,636$11,057$7,200$4,613$1,484
35 years$23,455$15,779$10,338$6,628$4,178$1,290
36 years$22,553$14,977$9,671$6,104$3,785$1,121
37 years$21,701$14,225$9,052$5,624$3,431$975
38 years$20,897$13,518$8,476$5,184$3,110$848
39 years$20,135$12,855$7,942$4,780$2,821$737
40 years$19,414$12,230$7,444$4,408$2,558$641
41 years$18,729$11,642$6,980$4,067$2,321$558
42 years$18,079$11,087$6,547$3,754$2,106$485
43 years$17,460$10,564$6,144$3,465$1,911$422
44 years$16,872$10,070$5,767$3,199$1,735$367
45 years$16,311$9,602$5,415$2,955$1,575$320
46 years$15,776$9,160$5,086$2,729$1,430$278
47 years$15,265$8,742$4,778$2,522$1,299$242
48 years$14,777$8,345$4,490$2,330$1,179$211
49 years$14,311$7,969$4,220$2,153$1,071$183
50 years$13,864$7,612$3,968$1,990$973$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,200,000, adding $5,671 every year, while hoping to spend $55,851 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: 81/12/7 Blend
65$14,200,000$14,200,000$14,200,000$14,200,000
66$15,654,250$14,901,650$14,681,550$16,910,721
67$17,191,558$15,572,405$15,113,957$18,404,601
68$18,883,800$16,274,156$15,558,977$20,035,831
69$20,746,720$17,008,362$16,016,975$21,824,442
70$22,797,666$17,776,553$16,488,324$23,786,138
71$25,055,754$18,580,330$16,973,409$25,938,212
72$27,542,048$19,421,373$17,472,626$28,299,706
73$30,279,758$20,301,441$17,986,380$30,891,590
74$33,294,460$21,222,378$18,515,090$33,736,955
75$36,614,335$22,186,116$19,059,186$36,861,232
76$40,270,439$23,194,677$19,619,110$40,292,426
77$44,296,991$24,250,183$20,195,317$44,061,385
78$48,731,698$25,354,857$20,788,275$48,202,079
79$53,616,113$26,511,026$21,398,464$52,751,927
80$58,996,022$27,721,132$22,026,378$57,752,143
81$64,921,881$28,987,732$22,672,526$63,248,122
82$71,449,287$30,313,505$23,337,430$69,289,869
83$78,639,508$31,701,261$24,021,628$75,932,464
84$86,560,057$33,153,942$24,725,672$83,236,582
85$95,285,331$34,674,633$25,450,130$91,269,059
86$104,897,311$36,266,566$26,195,585$100,103,525
87$115,486,339$37,933,130$26,962,640$109,821,089
88$127,151,967$39,677,875$27,751,909$120,511,106
89$140,003,899$41,504,522$28,564,029$132,272,015
90$154,163,024$43,416,971$29,399,652$145,212,262
91$169,762,560$45,419,310$30,259,448$159,451,323
92$186,949,309$47,515,824$31,144,107$175,120,826
93$205,885,041$49,711,002$32,054,337$192,365,788
94$226,748,025$52,009,551$32,990,867$211,345,981
95$249,734,709$54,416,404$33,954,447$232,237,432
96$275,061,574$56,936,732$34,945,845$255,234,085
97$302,967,178$59,575,956$35,965,854$280,549,621
98$333,714,407$62,339,754$37,015,287$308,419,472
99$367,592,957$65,234,083$38,094,981$339,103,037
100$404,922,070$68,265,184$39,205,793$372,886,125