Can I retire at age 66 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,139,703
2 years$600,947$589,755$578,908$568,391$558,190$525,693
3 years$396,652$385,411$374,592$364,174$354,139$322,659
4 years$294,524$283,318$272,607$262,367$252,575$222,353
5 years$233,263$222,125$211,554$201,523$192,003$163,124
6 years$192,436$181,382$170,967$161,159$151,926$124,415
7 years$163,286$152,324$142,074$132,498$123,556$97,415
8 years$141,433$130,570$120,490$111,149$102,502$77,716
9 years$124,445$113,684$103,778$94,674$86,321$62,867
10 years$110,862$100,207$90,476$81,610$73,550$51,397
11 years$99,757$89,209$79,654$71,025$63,256$42,369
12 years$90,509$80,069$70,691$62,299$54,816$35,156
13 years$82,690$72,359$63,158$55,001$47,801$29,325
14 years$75,993$65,772$56,747$48,823$41,902$24,565
15 years$70,195$60,084$51,235$43,542$36,894$20,651
16 years$65,127$55,126$46,452$38,987$32,607$17,411
17 years$60,659$50,769$42,270$35,029$28,911$14,714
18 years$56,692$46,913$38,587$31,569$25,707$12,460
19 years$53,147$43,478$35,324$28,525$22,913$10,569
20 years$49,961$40,402$32,419$25,835$20,466$8,977
21 years$47,081$37,633$29,819$23,447$18,315$7,635
22 years$44,467$35,129$27,483$21,318$16,417$6,499
23 years$42,084$32,856$25,376$19,415$14,737$5,537
24 years$39,903$30,784$23,468$17,708$13,246$4,721
25 years$37,899$28,889$21,736$16,172$11,919$4,028
26 years$36,052$27,151$20,159$14,787$10,736$3,438
27 years$34,345$25,552$18,720$13,535$9,680$2,936
28 years$32,763$24,078$17,402$12,401$8,734$2,508
29 years$31,293$22,714$16,194$11,372$7,887$2,143
30 years$29,923$21,451$15,084$10,436$7,126$1,832
31 years$28,644$20,279$14,063$9,585$6,443$1,566
32 years$27,447$19,188$13,121$8,809$5,828$1,340
33 years$26,326$18,171$12,251$8,100$5,274$1,146
34 years$25,272$17,222$11,447$7,453$4,775$980
35 years$24,281$16,335$10,702$6,861$4,325$838
36 years$23,347$15,504$10,011$6,319$3,919$717
37 years$22,466$14,725$9,370$5,822$3,552$614
38 years$21,633$13,994$8,775$5,366$3,220$525
39 years$20,844$13,307$8,221$4,948$2,920$450
40 years$20,097$12,661$7,706$4,564$2,648$385
41 years$19,388$12,052$7,225$4,211$2,403$329
42 years$18,715$11,478$6,778$3,886$2,180$282
43 years$18,075$10,936$6,360$3,587$1,979$241
44 years$17,466$10,424$5,970$3,312$1,796$207
45 years$16,885$9,941$5,606$3,059$1,631$177
46 years$16,331$9,483$5,265$2,825$1,480$151
47 years$15,803$9,050$4,946$2,610$1,344$130
48 years$15,298$8,639$4,648$2,412$1,221$111
49 years$14,815$8,250$4,369$2,229$1,109$95
50 years$14,352$7,881$4,107$2,060$1,007$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,700,000, adding $3,531 every year, while hoping to spend $44,885 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: 51/24/25 Blend
65$14,700,000$14,700,000$14,700,000$14,700,000
66$16,203,042$15,423,942$15,196,092$16,915,593
67$17,807,995$16,131,958$15,657,404$18,118,759
68$19,575,149$16,873,162$16,132,665$19,421,445
69$21,521,001$17,649,134$16,622,296$20,837,031
70$23,663,729$18,461,528$17,126,729$22,376,264
71$26,023,364$19,312,077$17,646,410$24,050,952
72$28,621,979$20,202,601$18,181,796$25,874,077
73$31,483,896$21,135,004$18,733,362$27,859,911
74$34,635,917$22,111,282$19,301,592$30,024,145
75$38,107,575$23,133,529$19,886,990$32,384,034
76$41,931,413$24,203,938$20,490,070$34,958,554
77$46,143,295$25,324,808$21,111,365$37,768,576
78$50,782,737$26,498,550$21,751,421$40,837,059
79$55,893,286$27,727,689$22,410,804$44,189,259
80$61,522,929$29,014,873$23,090,093$47,852,961
81$67,724,543$30,362,878$23,789,888$51,858,738
82$74,556,401$31,774,612$24,510,802$56,240,230
83$82,082,712$33,253,127$25,253,473$61,034,459
84$90,374,236$34,801,617$26,018,551$66,282,164
85$99,508,946$36,423,435$26,806,711$72,028,188
86$109,572,768$38,122,093$27,618,646$78,321,885
87$120,660,388$39,901,273$28,455,068$85,217,582
88$132,876,148$41,764,836$29,316,713$92,775,083
89$146,335,030$43,716,828$30,204,338$101,060,226
90$161,163,742$45,761,491$31,118,722$110,145,491
91$177,501,913$47,903,273$32,060,668$120,110,682
92$195,503,410$50,146,835$33,031,002$131,043,661
93$215,337,793$52,497,065$34,030,576$143,041,176
94$237,191,914$54,959,088$35,060,267$156,209,757
95$261,271,680$57,538,274$36,120,976$170,666,714
96$287,803,997$60,240,255$37,213,634$186,541,232
97$317,038,912$63,070,935$38,339,199$203,975,576
98$349,251,974$66,036,504$39,498,655$223,126,422
99$384,746,834$69,143,451$40,693,019$244,166,326
100$423,858,112$72,398,580$41,923,335$267,285,334