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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,141,938
2 years$605,035$593,767$582,846$572,257$561,987$523,825
3 years$399,350$388,033$377,140$366,651$356,548$319,656
4 years$296,528$285,245$274,461$264,151$254,293$218,954
5 years$234,850$223,636$212,993$202,894$193,309$159,618
6 years$193,746$182,615$172,130$162,256$152,959$120,943
7 years$164,396$153,360$143,041$133,399$124,397$94,052
8 years$142,395$131,458$121,310$111,905$103,199$74,505
9 years$125,291$114,458$104,484$95,319$86,909$59,832
10 years$111,617$100,889$91,092$82,165$74,050$48,549
11 years$100,435$89,816$80,196$71,509$63,686$39,712
12 years$91,125$80,614$71,172$62,723$55,189$32,691
13 years$83,252$72,851$63,587$55,375$48,126$27,048
14 years$76,510$66,220$57,133$49,155$42,187$22,471
15 years$70,673$60,493$51,584$43,838$37,144$18,731
16 years$65,570$55,501$46,768$39,252$32,828$15,656
17 years$61,072$51,114$42,557$35,268$29,108$13,115
18 years$57,078$47,232$38,849$31,783$25,881$11,008
19 years$53,509$43,774$35,565$28,719$23,069$9,253
20 years$50,301$40,677$32,639$26,011$20,605$7,788
21 years$47,402$37,889$30,022$23,606$18,439$6,562
22 years$44,770$35,368$27,670$21,463$16,528$5,534
23 years$42,370$33,079$25,548$19,547$14,837$4,671
24 years$40,174$30,993$23,628$17,828$13,336$3,945
25 years$38,157$29,085$21,884$16,282$12,000$3,333
26 years$36,298$27,336$20,296$14,887$10,809$2,818
27 years$34,579$25,726$18,847$13,627$9,745$2,383
28 years$32,986$24,241$17,521$12,485$8,793$2,016
29 years$31,506$22,869$16,305$11,449$7,940$1,706
30 years$30,126$21,597$15,187$10,507$7,175$1,444
31 years$28,839$20,417$14,158$9,650$6,486$1,222
32 years$27,634$19,318$13,210$8,869$5,867$1,035
33 years$26,505$18,295$12,334$8,155$5,310$876
34 years$25,444$17,339$11,524$7,504$4,808$742
35 years$24,446$16,446$10,775$6,908$4,354$629
36 years$23,506$15,610$10,079$6,362$3,945$532
37 years$22,618$14,826$9,434$5,861$3,576$451
38 years$21,780$14,090$8,835$5,403$3,242$382
39 years$20,986$13,398$8,277$4,982$2,940$324
40 years$20,234$12,747$7,758$4,595$2,666$274
41 years$19,520$12,134$7,275$4,239$2,419$232
42 years$18,843$11,556$6,824$3,912$2,195$197
43 years$18,198$11,010$6,403$3,612$1,992$167
44 years$17,585$10,495$6,011$3,335$1,808$141
45 years$17,000$10,008$5,644$3,080$1,642$120
46 years$16,442$9,547$5,301$2,845$1,491$102
47 years$15,910$9,111$4,980$2,628$1,353$86
48 years$15,402$8,698$4,680$2,429$1,229$73
49 years$14,915$8,306$4,399$2,244$1,116$62
50 years$14,450$7,934$4,135$2,075$1,014$52

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 $2,552 every year, while hoping to spend $25,677 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: 27/49/24 Blend
65$14,800,000$14,800,000$14,800,000$14,800,000
66$16,312,232$15,527,832$15,298,432$16,629,469
67$17,948,760$16,261,376$15,783,610$17,615,579
68$19,751,353$17,030,003$16,284,180$18,671,217
69$21,736,922$17,835,404$16,800,632$19,804,141
70$23,924,104$18,679,355$17,333,469$21,020,934
71$26,333,434$19,563,715$17,883,211$22,328,790
72$28,987,542$20,490,434$18,450,396$23,735,579
73$31,911,363$21,461,558$19,035,577$25,249,908
74$35,132,378$22,479,230$19,639,324$26,881,197
75$38,680,867$23,545,699$20,262,228$28,639,759
76$42,590,199$24,663,321$20,904,896$30,536,884
77$46,897,145$25,834,570$21,567,956$32,584,940
78$51,642,226$27,062,036$22,252,055$34,797,475
79$56,870,095$28,348,438$22,957,860$37,189,338
80$62,629,958$29,696,624$23,686,062$39,776,807
81$68,976,039$31,109,584$24,437,370$42,577,727
82$75,968,092$32,590,451$25,212,519$45,611,669
83$83,671,964$34,142,509$26,012,265$48,900,103
84$92,160,217$35,769,205$26,837,389$52,466,584
85$101,512,814$37,474,151$27,688,696$56,336,960
86$111,817,872$39,261,135$28,567,018$60,539,604
87$123,172,495$41,134,130$29,473,213$65,105,661
88$135,683,689$43,097,302$30,408,165$70,069,333
89$149,469,374$45,155,019$31,372,787$75,468,176
90$164,659,496$47,311,861$32,368,022$81,343,442
91$181,397,254$49,572,632$33,394,840$87,740,451
92$199,840,453$51,942,369$34,454,246$94,708,991
93$220,162,988$54,426,355$35,547,273$102,303,778
94$242,556,495$57,030,128$36,674,988$110,584,941
95$267,232,152$59,759,499$37,838,494$119,618,574
96$294,422,674$62,620,557$39,038,927$129,477,333
97$324,384,515$65,619,692$40,277,459$140,241,095
98$357,400,281$68,763,603$41,555,299$151,997,694
99$393,781,405$72,059,314$42,873,697$164,843,711
100$433,871,081$75,514,194$44,233,939$178,885,369