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%16.6%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,117,345
2 years$588,682$577,719$567,093$556,791$546,798$515,856
3 years$388,557$377,546$366,947$356,741$346,911$316,927
4 years$288,513$277,536$267,043$257,012$247,420$218,624
5 years$228,503$217,592$207,237$197,410$188,085$160,557
6 years$188,509$177,680$167,478$157,870$148,825$122,591
7 years$159,953$149,215$139,175$129,794$121,035$96,096
8 years$138,546$127,905$118,031$108,881$100,410$76,754
9 years$121,905$111,364$101,660$92,742$84,560$62,164
10 years$108,600$98,162$88,630$79,945$72,049$50,886
11 years$97,721$87,388$78,028$69,576$61,965$42,001
12 years$88,662$78,435$69,248$61,027$53,697$34,896
13 years$81,002$70,882$61,869$53,878$46,825$29,148
14 years$74,442$64,430$55,589$47,827$41,047$24,451
15 years$68,762$58,858$50,190$42,653$36,141$20,584
16 years$63,797$54,001$45,504$38,191$31,941$17,379
17 years$59,421$49,733$41,407$34,315$28,321$14,708
18 years$55,535$45,955$37,799$30,924$25,182$12,473
19 years$52,063$42,591$34,603$27,943$22,445$10,596
20 years$48,941$39,578$31,757$25,308$20,048$9,014
21 years$46,120$36,865$29,211$22,968$17,941$7,678
22 years$43,560$34,412$26,922$20,883$16,082$6,546
23 years$41,225$32,185$24,858$19,019$14,436$5,586
24 years$39,088$30,155$22,989$17,346$12,975$4,770
25 years$37,125$28,299$21,293$15,842$11,676$4,076
26 years$35,316$26,597$19,748$14,485$10,517$3,485
27 years$33,644$25,031$18,338$13,258$9,482$2,981
28 years$32,094$23,586$17,047$12,147$8,556$2,551
29 years$30,654$22,251$15,864$11,139$7,726$2,183
30 years$29,312$21,014$14,777$10,223$6,981$1,869
31 years$28,059$19,865$13,776$9,389$6,311$1,601
32 years$26,887$18,796$12,853$8,629$5,709$1,371
33 years$25,788$17,800$12,001$7,935$5,167$1,175
34 years$24,756$16,871$11,213$7,301$4,678$1,007
35 years$23,785$16,002$10,483$6,721$4,237$863
36 years$22,871$15,188$9,807$6,190$3,839$739
37 years$22,007$14,425$9,179$5,703$3,479$634
38 years$21,191$13,709$8,596$5,257$3,154$543
39 years$20,419$13,036$8,053$4,847$2,860$466
40 years$19,687$12,402$7,548$4,471$2,594$399
41 years$18,993$11,806$7,078$4,125$2,354$342
42 years$18,333$11,244$6,639$3,807$2,136$294
43 years$17,706$10,713$6,230$3,514$1,938$252
44 years$17,109$10,212$5,848$3,245$1,759$216
45 years$16,540$9,738$5,491$2,996$1,597$185
46 years$15,998$9,289$5,157$2,768$1,450$159
47 years$15,480$8,865$4,845$2,557$1,317$136
48 years$14,985$8,463$4,553$2,363$1,196$117
49 years$14,512$8,081$4,280$2,184$1,086$100
50 years$14,059$7,720$4,024$2,018$987$86

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 $4,044 every year, while hoping to spend $32,263 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: 37/45/18 Blend
65$14,400,000$14,400,000$14,400,000$14,400,000
66$15,872,971$15,109,771$14,886,571$16,373,687
67$17,457,687$15,815,823$15,350,944$17,442,052
68$19,202,962$16,555,389$15,829,792$18,591,934
69$21,125,140$17,330,079$16,323,565$19,833,305
70$23,242,229$18,141,578$16,832,730$21,174,391
71$25,574,075$18,991,654$17,357,765$22,624,206
72$28,142,545$19,882,159$17,899,164$24,192,635
73$30,971,736$20,815,036$18,457,438$25,890,512
74$34,088,203$21,792,322$19,033,111$27,729,726
75$37,521,205$22,816,152$19,626,726$29,723,316
76$41,302,988$23,888,763$20,238,841$31,885,589
77$45,469,083$25,012,503$20,870,033$34,232,249
78$50,058,645$26,189,831$21,520,895$36,780,532
79$55,114,822$27,423,328$22,192,040$39,549,363
80$60,685,160$28,715,697$22,884,099$42,559,522
81$66,822,054$30,069,774$23,597,724$45,833,833
82$73,583,241$31,488,531$24,333,586$49,397,367
83$81,032,349$32,975,086$25,092,378$53,277,665
84$89,239,489$34,532,705$25,874,813$57,504,992
85$98,281,925$36,164,817$26,681,628$62,112,606
86$108,244,801$37,875,011$27,513,581$67,137,059
87$119,221,940$39,667,057$28,371,456$72,618,531
88$131,316,736$41,544,901$29,256,059$78,601,195
89$144,643,128$43,512,686$30,168,221$85,133,617
90$159,326,673$45,574,753$31,108,802$92,269,202
91$175,505,733$47,735,655$32,078,686$100,066,678
92$193,332,780$50,000,165$33,078,785$108,590,638
93$212,975,838$52,373,288$34,110,039$117,912,130
94$234,620,067$54,860,272$35,173,418$128,109,308
95$258,469,508$57,466,620$36,269,922$139,268,153
96$284,749,016$60,198,102$37,400,582$151,483,262
97$313,706,375$63,060,769$38,566,462$164,858,721
98$345,614,643$66,060,964$39,768,656$179,509,065
99$380,774,727$69,205,341$41,008,296$195,560,337
100$419,518,222$72,500,876$42,286,546$213,151,252