Can I retire at age 66 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,153,517
2 years$605,035$593,767$582,846$572,257$561,987$535,275
3 years$399,350$388,033$377,140$366,651$356,548$330,613
4 years$296,528$285,245$274,461$264,151$254,293$229,335
5 years$234,850$223,636$212,993$202,894$193,309$169,400
6 years$193,746$182,615$172,130$162,256$152,959$130,122
7 years$164,396$153,360$143,041$133,399$124,397$102,635
8 years$142,395$131,458$121,310$111,905$103,199$82,506
9 years$125,291$114,458$104,484$95,319$86,909$67,268
10 years$111,617$100,889$91,092$82,165$74,050$55,441
11 years$100,435$89,816$80,196$71,509$63,686$46,084
12 years$91,125$80,614$71,172$62,723$55,189$38,565
13 years$83,252$72,851$63,587$55,375$48,126$32,451
14 years$76,510$66,220$57,133$49,155$42,187$27,428
15 years$70,673$60,493$51,584$43,838$37,144$23,268
16 years$65,570$55,501$46,768$39,252$32,828$19,800
17 years$61,072$51,114$42,557$35,268$29,108$16,891
18 years$57,078$47,232$38,849$31,783$25,881$14,442
19 years$53,509$43,774$35,565$28,719$23,069$12,369
20 years$50,301$40,677$32,639$26,011$20,605$10,611
21 years$47,402$37,889$30,022$23,606$18,439$9,114
22 years$44,770$35,368$27,670$21,463$16,528$7,838
23 years$42,370$33,079$25,548$19,547$14,837$6,746
24 years$40,174$30,993$23,628$17,828$13,336$5,811
25 years$38,157$29,085$21,884$16,282$12,000$5,010
26 years$36,298$27,336$20,296$14,887$10,809$4,321
27 years$34,579$25,726$18,847$13,627$9,745$3,729
28 years$32,986$24,241$17,521$12,485$8,793$3,220
29 years$31,506$22,869$16,305$11,449$7,940$2,781
30 years$30,126$21,597$15,187$10,507$7,175$2,403
31 years$28,839$20,417$14,158$9,650$6,486$2,076
32 years$27,634$19,318$13,210$8,869$5,867$1,795
33 years$26,505$18,295$12,334$8,155$5,310$1,552
34 years$25,444$17,339$11,524$7,504$4,808$1,342
35 years$24,446$16,446$10,775$6,908$4,354$1,161
36 years$23,506$15,610$10,079$6,362$3,945$1,004
37 years$22,618$14,826$9,434$5,861$3,576$869
38 years$21,780$14,090$8,835$5,403$3,242$752
39 years$20,986$13,398$8,277$4,982$2,940$650
40 years$20,234$12,747$7,758$4,595$2,666$563
41 years$19,520$12,134$7,275$4,239$2,419$487
42 years$18,843$11,556$6,824$3,912$2,195$422
43 years$18,198$11,010$6,403$3,612$1,992$365
44 years$17,585$10,495$6,011$3,335$1,808$316
45 years$17,000$10,008$5,644$3,080$1,642$273
46 years$16,442$9,547$5,301$2,845$1,491$237
47 years$15,910$9,111$4,980$2,628$1,353$205
48 years$15,402$8,698$4,680$2,429$1,229$177
49 years$14,915$8,306$4,399$2,244$1,116$154
50 years$14,450$7,934$4,135$2,075$1,014$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,800,000, adding $6,619 every year, while hoping to spend $39,403 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: 34/46/20 Blend
65$14,800,000$14,800,000$14,800,000$14,800,000
66$16,316,427$15,532,027$15,302,627$16,770,880
67$17,938,779$16,251,172$15,773,341$17,826,172
68$19,725,289$17,004,235$16,258,503$18,959,291
69$21,692,661$17,792,835$16,758,555$20,180,405
70$23,859,300$18,618,671$17,273,955$21,497,324
71$26,245,487$19,483,524$17,805,170$22,918,601
72$28,873,570$20,389,260$18,352,686$24,453,612
73$31,768,175$21,337,835$18,917,002$26,112,631
74$34,956,439$22,331,299$19,498,632$27,906,920
75$38,468,265$23,371,802$20,098,106$29,848,832
76$42,336,605$24,461,597$20,715,969$31,951,912
77$46,597,769$25,603,047$21,352,785$34,231,021
78$51,291,772$26,798,626$22,009,134$36,702,468
79$56,462,706$28,050,932$22,685,613$39,384,147
80$62,159,158$29,362,684$23,382,837$42,295,706
81$68,434,673$30,736,736$24,101,442$45,458,713
82$75,348,251$32,176,077$24,842,082$48,896,852
83$82,964,911$33,683,844$25,605,431$52,636,139
84$91,356,301$35,263,321$26,392,182$56,705,146
85$100,601,376$36,917,956$27,203,052$61,135,268
86$110,787,141$38,651,360$28,038,779$65,961,000
87$122,009,473$40,467,320$28,900,121$71,220,248
88$134,374,027$42,369,807$29,787,863$76,954,678
89$147,997,232$44,362,982$30,702,812$83,210,089
90$163,007,392$46,451,211$31,645,798$90,036,832
91$179,545,893$48,639,067$32,617,679$97,490,266
92$197,768,541$50,931,348$33,619,338$105,631,266
93$217,847,032$53,333,084$34,651,686$114,526,778
94$239,970,571$55,849,547$35,715,659$124,250,432
95$264,347,660$58,486,265$36,812,224$134,883,216
96$291,208,065$61,249,035$37,942,377$146,514,224
97$320,804,984$64,143,935$39,107,144$159,241,468
98$353,417,441$67,177,337$40,307,582$173,172,785
99$389,352,915$70,355,921$41,544,780$188,426,832
100$428,950,244$73,686,693$42,819,862$205,134,177