Can I retire at age 66 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,111,074
2 years$588,682$577,719$567,093$556,791$546,798$509,667
3 years$388,557$377,546$366,947$356,741$346,911$311,016
4 years$288,513$277,536$267,043$257,012$247,420$213,036
5 years$228,503$217,592$207,237$197,410$188,085$155,304
6 years$188,509$177,680$167,478$157,870$148,825$117,674
7 years$159,953$149,215$139,175$129,794$121,035$91,510
8 years$138,546$127,905$118,031$108,881$100,410$72,491
9 years$121,905$111,364$101,660$92,742$84,560$58,215
10 years$108,600$98,162$88,630$79,945$72,049$47,237
11 years$97,721$87,388$78,028$69,576$61,965$38,639
12 years$88,662$78,435$69,248$61,027$53,697$31,808
13 years$81,002$70,882$61,869$53,878$46,825$26,317
14 years$74,442$64,430$55,589$47,827$41,047$21,864
15 years$68,762$58,858$50,190$42,653$36,141$18,225
16 years$63,797$54,001$45,504$38,191$31,941$15,233
17 years$59,421$49,733$41,407$34,315$28,321$12,761
18 years$55,535$45,955$37,799$30,924$25,182$10,710
19 years$52,063$42,591$34,603$27,943$22,445$9,003
20 years$48,941$39,578$31,757$25,308$20,048$7,578
21 years$46,120$36,865$29,211$22,968$17,941$6,385
22 years$43,560$34,412$26,922$20,883$16,082$5,385
23 years$41,225$32,185$24,858$19,019$14,436$4,545
24 years$39,088$30,155$22,989$17,346$12,975$3,838
25 years$37,125$28,299$21,293$15,842$11,676$3,243
26 years$35,316$26,597$19,748$14,485$10,517$2,742
27 years$33,644$25,031$18,338$13,258$9,482$2,319
28 years$32,094$23,586$17,047$12,147$8,556$1,961
29 years$30,654$22,251$15,864$11,139$7,726$1,660
30 years$29,312$21,014$14,777$10,223$6,981$1,405
31 years$28,059$19,865$13,776$9,389$6,311$1,189
32 years$26,887$18,796$12,853$8,629$5,709$1,007
33 years$25,788$17,800$12,001$7,935$5,167$853
34 years$24,756$16,871$11,213$7,301$4,678$722
35 years$23,785$16,002$10,483$6,721$4,237$612
36 years$22,871$15,188$9,807$6,190$3,839$518
37 years$22,007$14,425$9,179$5,703$3,479$439
38 years$21,191$13,709$8,596$5,257$3,154$372
39 years$20,419$13,036$8,053$4,847$2,860$315
40 years$19,687$12,402$7,548$4,471$2,594$267
41 years$18,993$11,806$7,078$4,125$2,354$226
42 years$18,333$11,244$6,639$3,807$2,136$192
43 years$17,706$10,713$6,230$3,514$1,938$162
44 years$17,109$10,212$5,848$3,245$1,759$138
45 years$16,540$9,738$5,491$2,996$1,597$117
46 years$15,998$9,289$5,157$2,768$1,450$99
47 years$15,480$8,865$4,845$2,557$1,317$84
48 years$14,985$8,463$4,553$2,363$1,196$71
49 years$14,512$8,081$4,280$2,184$1,086$60
50 years$14,059$7,720$4,024$2,018$987$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,400,000, adding $3,143 every year, while hoping to spend $58,248 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: 47/27/26 Blend
65$14,400,000$14,400,000$14,400,000$14,400,000
66$15,872,042$15,108,842$14,885,642$16,499,737
67$17,429,015$15,787,200$15,322,336$17,620,188
68$19,142,847$16,496,845$15,771,706$18,829,730
69$21,029,476$17,239,249$16,234,117$20,141,557
70$23,106,464$18,015,954$16,709,941$21,565,302
71$25,393,162$18,828,574$17,199,563$23,111,549
72$27,910,893$19,678,803$17,703,378$24,791,927
73$30,683,154$20,568,414$18,221,790$26,619,218
74$33,735,833$21,499,264$18,755,217$28,607,469
75$37,097,460$22,473,300$19,304,089$30,772,123
76$40,799,471$23,492,561$19,868,846$33,130,159
77$44,876,506$24,559,186$20,449,942$35,700,245
78$49,366,737$25,675,414$21,047,842$38,502,912
79$54,312,225$26,843,590$21,663,026$41,560,739
80$59,759,321$28,066,175$22,295,986$44,898,561
81$65,759,099$29,345,744$22,947,229$48,543,698
82$72,367,841$30,684,999$23,617,275$52,526,206
83$79,647,565$32,086,769$24,306,658$56,879,151
84$87,666,615$33,554,019$25,015,929$61,638,919
85$96,500,300$35,089,857$25,745,654$66,845,549
86$106,231,610$36,697,539$26,496,412$72,543,102
87$116,951,994$38,380,478$27,268,802$78,780,071
88$128,762,227$40,142,251$28,063,436$85,609,830
89$141,773,360$41,986,607$28,880,947$93,091,128
90$156,107,765$43,917,473$29,721,981$101,288,634
91$171,900,296$45,938,968$30,587,207$110,273,538
92$189,299,556$48,055,407$31,477,307$120,124,216
93$208,469,301$50,271,313$32,392,988$130,926,953
94$229,589,987$52,591,425$33,334,971$142,776,753
95$252,860,474$55,020,712$34,304,000$155,778,219
96$278,499,897$57,564,382$35,300,839$170,046,531
97$306,749,744$60,227,894$36,326,274$185,708,523
98$337,876,124$63,016,967$37,381,110$202,903,860
99$372,172,289$65,937,599$38,466,178$221,786,352
100$409,961,396$68,996,075$39,582,329$242,525,383