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

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,133,458
2 years$588,682$577,719$567,093$556,791$546,798$531,890
3 years$388,557$377,546$366,947$356,741$346,911$332,377
4 years$288,513$277,536$267,043$257,012$247,420$233,371
5 years$228,503$217,592$207,237$197,410$188,085$174,562
6 years$188,509$177,680$167,478$157,870$148,825$135,845
7 years$159,953$149,215$139,175$129,794$121,035$108,602
8 years$138,546$127,905$118,031$108,881$100,410$88,524
9 years$121,905$111,364$101,660$92,742$84,560$73,215
10 years$108,600$98,162$88,630$79,945$72,049$61,237
11 years$97,721$87,388$78,028$69,576$61,965$51,676
12 years$88,662$78,435$69,248$61,027$53,697$43,920
13 years$81,002$70,882$61,869$53,878$46,825$37,546
14 years$74,442$64,430$55,589$47,827$41,047$32,253
15 years$68,762$58,858$50,190$42,653$36,141$27,817
16 years$63,797$54,001$45,504$38,191$31,941$24,073
17 years$59,421$49,733$41,407$34,315$28,321$20,892
18 years$55,535$45,955$37,799$30,924$25,182$18,176
19 years$52,063$42,591$34,603$27,943$22,445$15,846
20 years$48,941$39,578$31,757$25,308$20,048$13,840
21 years$46,120$36,865$29,211$22,968$17,941$12,106
22 years$43,560$34,412$26,922$20,883$16,082$10,604
23 years$41,225$32,185$24,858$19,019$14,436$9,299
24 years$39,088$30,155$22,989$17,346$12,975$8,162
25 years$37,125$28,299$21,293$15,842$11,676$7,171
26 years$35,316$26,597$19,748$14,485$10,517$6,305
27 years$33,644$25,031$18,338$13,258$9,482$5,548
28 years$32,094$23,586$17,047$12,147$8,556$4,884
29 years$30,654$22,251$15,864$11,139$7,726$4,302
30 years$29,312$21,014$14,777$10,223$6,981$3,791
31 years$28,059$19,865$13,776$9,389$6,311$3,342
32 years$26,887$18,796$12,853$8,629$5,709$2,947
33 years$25,788$17,800$12,001$7,935$5,167$2,600
34 years$24,756$16,871$11,213$7,301$4,678$2,294
35 years$23,785$16,002$10,483$6,721$4,237$2,025
36 years$22,871$15,188$9,807$6,190$3,839$1,787
37 years$22,007$14,425$9,179$5,703$3,479$1,578
38 years$21,191$13,709$8,596$5,257$3,154$1,394
39 years$20,419$13,036$8,053$4,847$2,860$1,231
40 years$19,687$12,402$7,548$4,471$2,594$1,087
41 years$18,993$11,806$7,078$4,125$2,354$961
42 years$18,333$11,244$6,639$3,807$2,136$849
43 years$17,706$10,713$6,230$3,514$1,938$750
44 years$17,109$10,212$5,848$3,245$1,759$663
45 years$16,540$9,738$5,491$2,996$1,597$586
46 years$15,998$9,289$5,157$2,768$1,450$517
47 years$15,480$8,865$4,845$2,557$1,317$457
48 years$14,985$8,463$4,553$2,363$1,196$404
49 years$14,512$8,081$4,280$2,184$1,086$357
50 years$14,059$7,720$4,024$2,018$987$316

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 $3,690 every year, while hoping to spend $44,344 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: 53/33/14 Blend
65$14,400,000$14,400,000$14,400,000$14,400,000
66$15,872,606$15,109,406$14,886,206$16,654,578
67$17,444,430$15,802,585$15,337,712$17,881,723
68$19,175,094$16,528,244$15,802,858$19,211,150
69$21,080,753$17,287,927$16,282,053$20,656,598
70$23,179,208$18,083,253$16,775,719$22,229,086
71$25,490,073$18,915,919$17,284,292$23,940,722
72$28,034,965$19,787,704$17,808,220$25,804,810
73$30,837,700$20,700,470$18,347,964$27,835,973
74$33,924,524$21,656,171$18,903,999$30,050,286
75$37,324,357$22,656,855$19,476,815$32,465,418
76$41,069,068$23,704,668$20,066,916$35,100,800
77$45,193,776$24,801,859$20,674,819$37,977,796
78$49,737,176$25,950,786$21,301,062$41,119,901
79$54,741,914$27,153,920$21,946,192$44,552,958
80$60,254,978$28,413,850$22,610,779$48,305,389
81$66,328,150$29,733,294$23,295,404$52,408,462
82$73,018,491$31,115,095$24,000,671$56,896,578
83$80,388,881$32,562,239$24,727,197$61,807,584
84$88,508,610$34,077,851$25,475,620$67,183,125
85$97,454,032$35,665,210$26,246,598$73,069,026
86$107,309,291$37,327,753$27,040,806$79,515,719
87$118,167,107$39,069,081$27,858,941$86,578,707
88$130,129,656$40,892,970$28,701,720$94,319,078
89$143,309,535$42,803,379$29,569,882$102,804,072
90$157,830,821$44,804,458$30,464,186$112,107,705
91$173,830,245$46,900,557$31,385,417$122,311,456
92$191,458,481$49,096,236$32,334,380$133,505,022
93$210,881,571$51,396,277$33,311,907$145,787,157
94$232,282,488$53,805,690$34,318,852$159,266,587
95$255,862,864$56,329,731$35,356,095$174,063,024
96$281,844,896$58,973,909$36,424,545$190,308,285
97$310,473,443$61,743,997$37,525,135$208,147,513
98$342,018,333$64,646,052$38,658,825$227,740,542
99$376,776,914$67,686,420$39,826,608$249,263,381
100$415,076,862$70,871,757$41,029,501$272,909,863