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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,139,243
2 years$600,947$589,755$578,908$568,391$558,190$525,239
3 years$396,652$385,411$374,592$364,174$354,139$322,224
4 years$294,524$283,318$272,607$262,367$252,575$221,942
5 years$233,263$222,125$211,554$201,523$192,003$162,736
6 years$192,436$181,382$170,967$161,159$151,926$124,051
7 years$163,286$152,324$142,074$132,498$123,556$97,075
8 years$141,433$130,570$120,490$111,149$102,502$77,399
9 years$124,445$113,684$103,778$94,674$86,321$62,573
10 years$110,862$100,207$90,476$81,610$73,550$51,125
11 years$99,757$89,209$79,654$71,025$63,256$42,117
12 years$90,509$80,069$70,691$62,299$54,816$34,924
13 years$82,690$72,359$63,158$55,001$47,801$29,112
14 years$75,993$65,772$56,747$48,823$41,902$24,370
15 years$70,195$60,084$51,235$43,542$36,894$20,473
16 years$65,127$55,126$46,452$38,987$32,607$17,248
17 years$60,659$50,769$42,270$35,029$28,911$14,566
18 years$56,692$46,913$38,587$31,569$25,707$12,325
19 years$53,147$43,478$35,324$28,525$22,913$10,447
20 years$49,961$40,402$32,419$25,835$20,466$8,867
21 years$47,081$37,633$29,819$23,447$18,315$7,535
22 years$44,467$35,129$27,483$21,318$16,417$6,409
23 years$42,084$32,856$25,376$19,415$14,737$5,456
24 years$39,903$30,784$23,468$17,708$13,246$4,649
25 years$37,899$28,889$21,736$16,172$11,919$3,963
26 years$36,052$27,151$20,159$14,787$10,736$3,380
27 years$34,345$25,552$18,720$13,535$9,680$2,884
28 years$32,763$24,078$17,402$12,401$8,734$2,462
29 years$31,293$22,714$16,194$11,372$7,887$2,102
30 years$29,923$21,451$15,084$10,436$7,126$1,795
31 years$28,644$20,279$14,063$9,585$6,443$1,534
32 years$27,447$19,188$13,121$8,809$5,828$1,310
33 years$26,326$18,171$12,251$8,100$5,274$1,120
34 years$25,272$17,222$11,447$7,453$4,775$957
35 years$24,281$16,335$10,702$6,861$4,325$818
36 years$23,347$15,504$10,011$6,319$3,919$699
37 years$22,466$14,725$9,370$5,822$3,552$598
38 years$21,633$13,994$8,775$5,366$3,220$511
39 years$20,844$13,307$8,221$4,948$2,920$437
40 years$20,097$12,661$7,706$4,564$2,648$374
41 years$19,388$12,052$7,225$4,211$2,403$320
42 years$18,715$11,478$6,778$3,886$2,180$273
43 years$18,075$10,936$6,360$3,587$1,979$234
44 years$17,466$10,424$5,970$3,312$1,796$200
45 years$16,885$9,941$5,606$3,059$1,631$171
46 years$16,331$9,483$5,265$2,825$1,480$146
47 years$15,803$9,050$4,946$2,610$1,344$125
48 years$15,298$8,639$4,648$2,412$1,221$107
49 years$14,815$8,250$4,369$2,229$1,109$92
50 years$14,352$7,881$4,107$2,060$1,007$78

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 $5,113 every year, while hoping to spend $25,091 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: 78/6/16 Blend
65$14,700,000$14,700,000$14,700,000$14,700,000
66$16,204,674$15,425,574$15,197,724$17,412,408
67$17,830,854$16,154,731$15,680,151$18,938,683
68$19,622,064$16,918,775$16,177,899$20,608,806
69$21,595,109$17,719,390$16,691,453$22,440,145
70$23,768,511$18,558,340$17,221,317$24,448,814
71$26,162,676$19,437,476$17,768,009$26,652,558
72$28,800,094$20,358,738$18,332,062$29,070,917
73$31,705,547$21,324,159$18,914,030$31,725,412
74$34,906,343$22,335,873$19,514,480$34,639,745
75$38,432,576$23,396,116$20,134,000$37,840,021
76$42,317,406$24,507,234$20,773,197$41,354,992
77$46,597,378$25,671,684$21,432,695$45,216,327
78$51,312,759$26,892,046$22,113,140$49,458,909
79$56,507,927$28,171,023$22,815,197$54,121,162
80$62,231,782$29,511,449$23,539,552$59,245,412
81$68,538,212$30,916,298$24,286,915$64,878,282
82$75,486,599$32,388,687$25,058,016$71,071,134
83$83,142,383$33,931,883$25,853,610$77,880,545
84$91,577,675$35,549,314$26,674,475$85,368,846
85$100,871,943$37,244,575$27,521,415$93,604,701
86$111,112,756$39,021,434$28,395,257$102,663,757
87$122,396,616$40,883,843$29,296,857$112,629,354
88$134,829,866$42,835,947$30,227,097$123,593,306
89$148,529,694$44,882,091$31,186,887$135,656,767
90$163,625,242$47,026,832$32,177,166$148,931,184
91$180,258,819$49,274,949$33,198,904$163,539,344
92$198,587,250$51,631,453$34,253,099$179,616,526
93$218,783,356$54,101,601$35,340,784$197,311,782
94$241,037,581$56,690,902$36,463,023$216,789,333
95$265,559,794$59,405,136$37,620,914$238,230,120
96$292,581,269$62,250,363$38,815,591$261,833,505
97$322,356,867$65,232,940$40,048,222$287,819,151
98$355,167,444$68,359,530$41,320,013$316,429,089
99$391,322,500$71,637,124$42,632,211$347,929,999
100$431,163,103$75,073,051$43,986,098$382,615,723