Can I retire at age 66 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,120,489
2 years$584,594$573,707$563,155$552,924$543,001$523,104
3 years$385,858$374,924$364,399$354,264$344,502$325,141
4 years$286,510$275,609$265,189$255,227$245,702$227,026
5 years$226,916$216,081$205,797$196,039$186,779$168,841
6 years$187,200$176,446$166,315$156,774$147,792$130,613
7 years$158,843$148,179$138,208$128,893$120,194$103,779
8 years$137,584$127,017$117,212$108,125$99,713$84,057
9 years$121,058$110,591$100,954$92,098$83,972$69,068
10 years$107,846$97,481$88,014$79,390$71,549$57,383
11 years$97,042$86,781$77,486$69,093$61,534$48,091
12 years$88,046$77,890$68,767$60,604$53,324$40,586
13 years$80,440$70,390$61,439$53,504$46,500$34,447
14 years$73,925$63,982$55,203$47,495$40,761$29,373
15 years$68,285$58,449$49,841$42,357$35,890$25,143
16 years$63,354$53,626$45,188$37,926$31,719$21,593
17 years$59,008$49,388$41,120$34,076$28,125$18,594
18 years$55,150$45,636$37,537$30,710$25,007$16,049
19 years$51,701$42,295$34,363$27,749$22,289$13,879
20 years$48,601$39,303$31,537$25,132$19,909$12,023
21 years$45,800$36,609$29,008$22,809$17,817$10,430
22 years$43,257$34,173$26,735$20,738$15,970$9,059
23 years$40,939$31,961$24,685$18,887$14,336$7,877
24 years$38,817$29,946$22,830$17,226$12,885$6,855
25 years$36,868$28,103$21,145$15,732$11,595$5,971
26 years$35,071$26,412$19,611$14,384$10,444$5,204
27 years$33,411$24,857$18,210$13,166$9,416$4,539
28 years$31,872$23,422$16,929$12,063$8,496$3,960
29 years$30,441$22,096$15,754$11,062$7,672$3,457
30 years$29,109$20,868$14,674$10,152$6,932$3,019
31 years$27,864$19,727$13,680$9,324$6,267$2,637
32 years$26,700$18,666$12,764$8,569$5,669$2,305
33 years$25,609$17,677$11,918$7,880$5,131$2,015
34 years$24,584$16,753$11,135$7,250$4,645$1,761
35 years$23,620$15,890$10,411$6,674$4,207$1,540
36 years$22,712$15,082$9,739$6,147$3,812$1,347
37 years$21,854$14,325$9,115$5,663$3,455$1,178
38 years$21,044$13,614$8,536$5,220$3,132$1,031
39 years$20,277$12,945$7,997$4,813$2,840$902
40 years$19,550$12,316$7,496$4,440$2,576$789
41 years$18,861$11,724$7,029$4,096$2,337$691
42 years$18,206$11,165$6,593$3,780$2,121$604
43 years$17,583$10,638$6,187$3,490$1,925$529
44 years$16,990$10,141$5,808$3,222$1,747$463
45 years$16,426$9,670$5,453$2,976$1,586$405
46 years$15,887$9,225$5,122$2,749$1,440$355
47 years$15,373$8,803$4,812$2,539$1,308$311
48 years$14,881$8,404$4,522$2,346$1,188$272
49 years$14,411$8,025$4,250$2,169$1,079$238
50 years$13,962$7,666$3,996$2,004$980$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,300,000, adding $4,269 every year, while hoping to spend $23,731 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: 70/19/11 Blend
65$14,300,000$14,300,000$14,300,000$14,300,000
66$15,763,003$15,005,103$14,783,453$16,830,533
67$17,345,580$15,715,104$15,253,450$18,248,777
68$19,088,784$16,459,099$15,738,395$19,796,969
69$21,008,975$17,238,730$16,238,766$21,490,546
70$23,124,179$18,055,716$16,755,053$23,343,813
71$25,454,261$18,911,861$17,287,763$25,372,511
72$28,021,110$19,809,057$17,837,418$27,593,963
73$30,848,850$20,749,287$18,404,558$30,027,232
74$33,964,061$21,734,631$18,989,739$32,693,302
75$37,396,035$22,767,268$19,593,535$35,615,267
76$41,177,051$23,849,484$20,216,539$38,818,552
77$45,342,679$24,983,678$20,859,362$42,331,142
78$49,932,117$26,172,363$21,522,635$46,183,847
79$54,988,559$27,418,175$22,207,010$50,410,587
80$60,559,604$28,723,878$22,913,156$55,048,706
81$66,697,706$30,092,369$23,641,769$60,139,324
82$73,460,665$31,526,689$24,393,562$65,727,717
83$80,912,180$33,030,024$25,169,273$71,863,739
84$89,122,444$34,605,716$25,969,665$78,602,290
85$98,168,806$36,257,270$26,795,522$86,003,827
86$108,136,508$37,988,359$27,647,656$94,134,927
87$119,119,482$39,802,839$28,526,902$103,068,915
88$131,221,239$41,704,748$29,434,123$112,886,543
89$144,555,851$43,698,326$30,370,212$123,676,750
90$159,249,019$45,788,016$31,336,085$135,537,495
91$175,439,268$47,978,477$32,332,693$148,576,669
92$193,279,247$50,274,596$33,361,012$162,913,115
93$212,937,177$52,681,499$34,422,053$178,677,732
94$234,598,435$55,204,558$35,516,858$196,014,711
95$258,467,304$57,849,410$36,646,501$215,082,880
96$284,768,902$60,621,963$37,812,091$236,057,200
97$313,751,307$63,528,417$39,014,774$259,130,405
98$345,687,902$66,575,271$40,255,730$284,514,811
99$380,879,948$69,769,340$41,536,177$312,444,309
100$419,659,438$73,117,772$42,857,374$343,176,564