Can I retire at age 66 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,146,353
2 years$596,859$585,743$574,970$564,524$554,393$536,431
3 years$393,953$382,789$372,043$361,696$351,729$334,236
4 years$292,520$281,391$270,752$260,582$250,856$233,967
5 years$231,677$220,614$210,115$200,152$190,697$174,459
6 years$191,127$180,148$169,804$160,063$150,892$135,325
7 years$162,175$151,288$141,108$131,597$122,716$107,825
8 years$140,471$129,682$119,671$110,393$101,804$87,587
9 years$123,598$112,911$103,072$94,030$85,734$72,183
10 years$110,108$99,526$89,861$81,055$73,050$60,154
11 years$99,078$88,602$79,112$70,542$62,825$50,572
12 years$89,893$79,524$70,210$61,875$54,443$42,817
13 years$82,127$71,867$62,728$54,626$47,475$36,460
14 years$75,476$65,325$56,361$48,491$41,617$31,194
15 years$69,718$59,675$50,887$43,246$36,643$26,794
16 years$64,684$54,751$46,136$38,722$32,385$23,091
17 years$60,246$50,424$41,982$34,791$28,715$19,955
18 years$56,307$46,594$38,324$31,354$25,532$17,286
19 years$52,786$43,183$35,084$28,331$22,757$15,004
20 years$49,621$40,127$32,198$25,659$20,327$13,046
21 years$46,761$37,377$29,616$23,287$18,190$11,361
22 years$44,165$34,890$27,296$21,173$16,305$9,905
23 years$41,798$32,632$25,203$19,283$14,636$8,646
24 years$39,631$30,574$23,309$17,587$13,155$7,554
25 years$37,641$28,692$21,588$16,062$11,838$6,606
26 years$35,807$26,966$20,022$14,686$10,663$5,780
27 years$34,112$25,378$18,592$13,442$9,614$5,062
28 years$32,540$23,914$17,284$12,316$8,675$4,434
29 years$31,080$22,560$16,084$11,294$7,833$3,887
30 years$29,719$21,305$14,982$10,365$7,078$3,408
31 years$28,449$20,141$13,967$9,520$6,399$2,990
32 years$27,261$19,057$13,032$8,749$5,788$2,624
33 years$26,146$18,047$12,168$8,045$5,238$2,303
34 years$25,100$17,105$11,369$7,402$4,743$2,022
35 years$24,116$16,224$10,629$6,814$4,296$1,775
36 years$23,188$15,399$9,943$6,276$3,892$1,559
37 years$22,313$14,625$9,307$5,782$3,528$1,370
38 years$21,485$13,899$8,715$5,330$3,198$1,204
39 years$20,702$13,217$8,165$4,914$2,900$1,058
40 years$19,961$12,575$7,653$4,533$2,630$929
41 years$19,257$11,970$7,176$4,182$2,386$817
42 years$18,588$11,400$6,732$3,859$2,165$718
43 years$17,952$10,862$6,317$3,563$1,965$631
44 years$17,347$10,353$5,929$3,290$1,784$555
45 years$16,770$9,873$5,567$3,038$1,619$488
46 years$16,220$9,418$5,229$2,806$1,470$429
47 years$15,695$8,988$4,913$2,593$1,335$377
48 years$15,193$8,580$4,617$2,396$1,213$331
49 years$14,714$8,194$4,339$2,214$1,101$291
50 years$14,255$7,827$4,080$2,046$1,000$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,600,000, adding $6,264 every year, while hoping to spend $56,171 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: 68/8/24 Blend
65$14,600,000$14,600,000$14,600,000$14,600,000
66$16,095,661$15,321,861$15,095,561$17,091,033
67$17,677,653$16,012,867$15,541,497$18,450,499
68$19,419,126$16,735,849$16,000,489$19,930,163
69$21,336,287$17,492,316$16,472,915$21,547,628
70$23,446,995$18,283,846$16,959,165$23,316,506
71$25,770,929$19,112,095$17,459,638$25,251,781
72$28,329,773$19,978,798$17,974,745$27,369,951
73$31,147,421$20,885,770$18,504,910$29,689,177
74$34,250,201$21,834,916$19,050,568$32,229,458
75$37,667,126$22,828,231$19,612,166$35,012,813
76$41,430,164$23,867,806$20,190,165$38,063,488
77$45,574,544$24,955,831$20,785,039$41,408,182
78$50,139,083$26,094,602$21,397,273$45,076,298
79$55,166,557$27,286,525$22,027,369$49,100,216
80$60,704,102$28,534,121$22,675,842$53,515,599
81$66,803,659$29,840,032$23,343,221$58,361,721
82$73,522,464$31,207,026$24,030,052$63,681,841
83$80,923,590$32,638,005$24,736,893$69,523,605
84$89,076,539$34,136,009$25,464,321$75,939,494
85$98,057,899$35,704,227$26,212,929$82,987,314
86$107,952,067$37,345,996$26,983,325$90,730,742
87$118,852,047$39,064,819$27,776,135$99,239,919
88$130,860,324$40,864,364$28,592,004$108,592,113
89$144,089,835$42,748,475$29,431,594$118,872,439
90$158,665,031$44,721,183$30,295,585$130,174,664
91$174,723,055$46,786,712$31,184,678$142,602,087
92$192,415,034$48,949,489$32,099,593$156,268,507
93$211,907,508$51,214,154$33,041,069$171,299,294
94$233,383,997$53,585,571$34,009,868$187,832,569
95$257,046,739$56,068,838$35,006,773$206,020,503
96$283,118,594$58,669,298$36,032,587$226,030,747
97$311,845,150$61,392,554$37,088,139$248,048,010
98$343,497,042$64,244,475$38,174,278$272,275,799
99$378,372,503$67,231,217$39,291,879$298,938,332
100$416,800,181$70,359,230$40,441,840$328,282,650