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%17.8%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,127,408
2 years$596,859$585,743$574,970$564,524$554,393$517,635
3 years$393,953$382,789$372,043$361,696$351,729$316,183
4 years$292,520$281,391$270,752$260,582$250,856$216,794
5 years$231,677$220,614$210,115$200,152$190,697$158,210
6 years$191,127$180,148$169,804$160,063$150,892$120,008
7 years$162,175$151,288$141,108$131,597$122,716$93,431
8 years$140,471$129,682$119,671$110,393$101,804$74,101
9 years$123,598$112,911$103,072$94,030$85,734$59,579
10 years$110,108$99,526$89,861$81,055$73,050$48,405
11 years$99,078$88,602$79,112$70,542$62,825$39,646
12 years$89,893$79,524$70,210$61,875$54,443$32,680
13 years$82,127$71,867$62,728$54,626$47,475$27,076
14 years$75,476$65,325$56,361$48,491$41,617$22,525
15 years$69,718$59,675$50,887$43,246$36,643$18,803
16 years$64,684$54,751$46,136$38,722$32,385$15,739
17 years$60,246$50,424$41,982$34,791$28,715$13,204
18 years$56,307$46,594$38,324$31,354$25,532$11,098
19 years$52,786$43,183$35,084$28,331$22,757$9,343
20 years$49,621$40,127$32,198$25,659$20,327$7,876
21 years$46,761$37,377$29,616$23,287$18,190$6,647
22 years$44,165$34,890$27,296$21,173$16,305$5,614
23 years$41,798$32,632$25,203$19,283$14,636$4,746
24 years$39,631$30,574$23,309$17,587$13,155$4,014
25 years$37,641$28,692$21,588$16,062$11,838$3,398
26 years$35,807$26,966$20,022$14,686$10,663$2,877
27 years$34,112$25,378$18,592$13,442$9,614$2,437
28 years$32,540$23,914$17,284$12,316$8,675$2,065
29 years$31,080$22,560$16,084$11,294$7,833$1,750
30 years$29,719$21,305$14,982$10,365$7,078$1,484
31 years$28,449$20,141$13,967$9,520$6,399$1,258
32 years$27,261$19,057$13,032$8,749$5,788$1,067
33 years$26,146$18,047$12,168$8,045$5,238$905
34 years$25,100$17,105$11,369$7,402$4,743$768
35 years$24,116$16,224$10,629$6,814$4,296$651
36 years$23,188$15,399$9,943$6,276$3,892$553
37 years$22,313$14,625$9,307$5,782$3,528$469
38 years$21,485$13,899$8,715$5,330$3,198$398
39 years$20,702$13,217$8,165$4,914$2,900$338
40 years$19,961$12,575$7,653$4,533$2,630$287
41 years$19,257$11,970$7,176$4,182$2,386$243
42 years$18,588$11,400$6,732$3,859$2,165$206
43 years$17,952$10,862$6,317$3,563$1,965$175
44 years$17,347$10,353$5,929$3,290$1,784$149
45 years$16,770$9,873$5,567$3,038$1,619$126
46 years$16,220$9,418$5,229$2,806$1,470$107
47 years$15,695$8,988$4,913$2,593$1,335$91
48 years$15,193$8,580$4,617$2,396$1,213$77
49 years$14,714$8,194$4,339$2,214$1,101$66
50 years$14,255$7,827$4,080$2,046$1,000$56

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 $3,897 every year, while hoping to spend $28,654 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: 59/18/23 Blend
65$14,600,000$14,600,000$14,600,000$14,600,000
66$16,093,220$15,319,420$15,093,120$16,943,504
67$17,704,241$16,039,584$15,568,252$18,242,527
68$19,478,625$16,794,075$16,058,340$19,655,230
69$21,433,006$17,584,546$16,563,856$21,195,426
70$23,585,712$18,412,729$17,085,285$22,875,474
71$25,956,941$19,280,438$17,623,127$24,708,969
72$28,568,947$20,189,578$18,177,900$26,710,863
73$31,446,257$21,142,144$18,750,137$28,897,605
74$34,615,895$22,140,229$19,340,387$31,287,293
75$38,107,643$23,186,027$19,949,217$33,899,839
76$41,954,319$24,281,839$20,577,211$36,757,153
77$46,192,086$25,430,076$21,224,975$39,883,349
78$50,860,796$26,633,266$21,893,128$43,304,961
79$56,004,363$27,894,062$22,582,314$47,051,195
80$61,671,181$29,215,244$23,293,194$51,154,199
81$67,914,577$30,599,727$24,026,452$55,649,358
82$74,793,316$32,050,567$24,782,791$60,575,624
83$82,372,159$33,570,968$25,562,939$65,975,880
84$90,722,465$35,164,292$26,367,643$71,897,337
85$99,922,876$36,834,061$27,197,679$78,391,974
86$110,060,050$38,583,971$28,053,842$85,517,023
87$121,229,485$40,417,896$28,936,955$93,335,501
88$133,536,417$42,339,897$29,847,867$101,916,799
89$147,096,813$44,354,234$30,787,453$111,337,330
90$162,038,470$46,465,373$31,756,615$121,681,243
91$178,502,216$48,677,999$32,756,283$133,041,206
92$196,643,243$50,997,021$33,787,419$145,519,277
93$216,632,569$53,427,590$34,851,013$159,227,859
94$238,658,655$55,975,106$35,948,086$174,290,746
95$262,929,183$58,645,232$37,079,693$190,844,290
96$289,673,017$61,443,906$38,246,919$209,038,673
97$319,142,361$64,377,353$39,450,887$229,039,315
98$351,615,143$67,452,105$40,692,753$251,028,427
99$387,397,637$70,675,007$41,973,710$275,206,720
100$426,827,354$74,053,241$43,294,988$301,795,285