Can I retire at age 66 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,148,001
2 years$592,771$581,731$571,031$560,658$550,595$542,277
3 years$391,255$380,167$369,495$359,219$349,320$341,191
4 years$290,517$279,463$268,898$258,797$249,138$241,260
5 years$230,090$219,103$208,676$198,781$189,391$181,787
6 years$189,818$178,914$168,641$158,967$149,859$142,539
7 years$161,064$150,252$140,141$130,695$121,875$114,843
8 years$139,508$128,793$118,851$109,637$101,107$94,363
9 years$122,752$112,138$102,366$93,386$85,147$78,688
10 years$109,354$98,844$89,245$80,500$72,549$66,373
11 years$98,400$87,995$78,570$70,059$62,395$56,497
12 years$89,277$78,980$69,729$61,451$54,070$48,445
13 years$81,565$71,374$62,298$54,252$47,150$41,791
14 years$74,959$64,877$55,975$48,159$41,332$36,233
15 years$69,240$59,267$50,538$42,949$36,392$31,546
16 years$64,240$54,376$45,820$38,457$32,163$27,564
17 years$59,834$50,078$41,695$34,553$28,518$24,158
18 years$55,921$46,275$38,062$31,139$25,357$21,227
19 years$52,424$42,887$34,844$28,137$22,601$18,694
20 years$49,281$39,852$31,978$25,483$20,188$16,496
21 years$46,441$37,121$29,413$23,128$18,066$14,580
22 years$43,862$34,651$27,109$21,028$16,193$12,906
23 years$41,511$32,408$25,030$19,151$14,536$11,439
24 years$39,360$30,365$23,149$17,467$13,065$10,151
25 years$37,383$28,496$21,441$15,952$11,757$9,016
26 years$35,562$26,781$19,885$14,585$10,590$8,015
27 years$33,878$25,204$18,465$13,350$9,548$7,131
28 years$32,317$23,750$17,166$12,232$8,615$6,349
29 years$30,867$22,405$15,974$11,217$7,779$5,656
30 years$29,516$21,160$14,879$10,294$7,029$5,041
31 years$28,254$20,003$13,871$9,454$6,355$4,495
32 years$27,074$18,927$12,942$8,689$5,749$4,011
33 years$25,967$17,924$12,084$7,990$5,202$3,579
34 years$24,928$16,988$11,291$7,352$4,710$3,195
35 years$23,951$16,113$10,556$6,768$4,266$2,854
36 years$23,029$15,293$9,875$6,233$3,865$2,549
37 years$22,160$14,525$9,243$5,743$3,503$2,278
38 years$21,338$13,804$8,656$5,293$3,176$2,035
39 years$20,561$13,126$8,109$4,881$2,880$1,819
40 years$19,824$12,489$7,601$4,502$2,612$1,626
41 years$19,125$11,888$7,127$4,153$2,370$1,454
42 years$18,461$11,322$6,686$3,833$2,151$1,300
43 years$17,829$10,787$6,273$3,538$1,952$1,163
44 years$17,228$10,282$5,889$3,267$1,772$1,040
45 years$16,655$9,805$5,529$3,017$1,608$931
46 years$16,109$9,354$5,193$2,787$1,460$832
47 years$15,588$8,926$4,879$2,575$1,326$745
48 years$15,089$8,521$4,585$2,379$1,204$666
49 years$14,613$8,138$4,310$2,199$1,094$596
50 years$14,157$7,773$4,052$2,032$993$534

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,500,000, adding $4,943 every year, while hoping to spend $40,859 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: 72/6/22 Blend
65$14,500,000$14,500,000$14,500,000$14,500,000
66$15,984,099$15,215,599$14,990,849$17,048,135
67$17,571,003$15,917,689$15,449,568$18,459,805
68$19,318,402$16,652,813$15,922,286$20,000,127
69$21,242,624$17,422,545$16,409,427$21,686,208
70$23,361,659$18,228,537$16,911,430$23,532,526
71$25,695,332$19,072,520$17,428,747$25,555,025
72$28,265,490$19,956,308$17,961,844$27,771,257
73$31,096,205$20,881,802$18,511,201$30,200,551
74$34,214,003$21,850,995$19,077,312$32,864,193
75$37,648,116$22,865,978$19,660,686$35,785,622
76$41,430,753$23,928,940$20,261,848$38,990,653
77$45,597,408$25,042,177$20,881,338$42,507,717
78$50,187,195$26,208,094$21,519,714$46,368,124
79$55,243,214$27,429,216$22,177,550$50,606,362
80$60,812,960$28,708,186$22,855,436$55,260,417
81$66,948,770$30,047,776$23,553,982$60,372,129
82$73,708,320$31,450,891$24,273,815$65,987,583
83$81,155,162$32,920,579$25,015,582$72,157,546
84$89,359,334$34,460,032$25,779,948$78,937,940
85$98,398,010$36,072,599$26,567,601$86,390,365
86$108,356,239$37,761,788$27,379,247$94,582,684
87$119,327,738$39,531,278$28,215,615$103,589,654
88$131,415,784$41,384,927$29,077,455$113,493,631
89$144,734,184$43,326,779$29,965,539$124,385,346
90$159,408,351$45,361,071$30,880,666$136,364,755
91$175,576,489$47,492,250$31,823,654$149,541,980
92$193,390,894$49,724,973$32,795,350$164,038,345
93$213,019,395$52,064,127$33,796,623$179,987,518
94$234,646,936$54,514,831$34,828,373$197,536,767
95$258,477,322$57,082,457$35,891,522$216,848,349
96$284,735,145$59,772,633$36,987,024$238,101,032
97$313,667,899$62,591,261$38,115,858$261,491,786
98$345,548,321$65,544,530$39,279,036$287,237,630
99$380,676,965$68,638,927$40,477,599$315,577,680
100$419,385,036$71,881,255$41,712,619$346,775,400