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%13.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,163,497
2 years$605,035$593,767$582,846$572,257$561,987$545,219
3 years$399,350$388,033$377,140$366,651$356,548$340,208
4 years$296,528$285,245$274,461$264,151$254,293$238,508
5 years$234,850$223,636$212,993$202,894$193,309$178,125
6 years$193,746$182,615$172,130$162,256$152,959$138,393
7 years$164,396$153,360$143,041$133,399$124,397$110,454
8 years$142,395$131,458$121,310$111,905$103,199$89,878
9 years$125,291$114,458$104,484$95,319$86,909$74,203
10 years$111,617$100,889$91,092$82,165$74,050$61,951
11 years$100,435$89,816$80,196$71,509$63,686$52,180
12 years$91,125$80,614$71,172$62,723$55,189$44,264
13 years$83,252$72,851$63,587$55,375$48,126$37,766
14 years$76,510$66,220$57,133$49,155$42,187$32,377
15 years$70,673$60,493$51,584$43,838$37,144$27,867
16 years$65,570$55,501$46,768$39,252$32,828$24,066
17 years$61,072$51,114$42,557$35,268$29,108$20,842
18 years$57,078$47,232$38,849$31,783$25,881$18,093
19 years$53,509$43,774$35,565$28,719$23,069$15,740
20 years$50,301$40,677$32,639$26,011$20,605$13,716
21 years$47,402$37,889$30,022$23,606$18,439$11,971
22 years$44,770$35,368$27,670$21,463$16,528$10,461
23 years$42,370$33,079$25,548$19,547$14,837$9,153
24 years$40,174$30,993$23,628$17,828$13,336$8,015
25 years$38,157$29,085$21,884$16,282$12,000$7,026
26 years$36,298$27,336$20,296$14,887$10,809$6,163
27 years$34,579$25,726$18,847$13,627$9,745$5,409
28 years$32,986$24,241$17,521$12,485$8,793$4,751
29 years$31,506$22,869$16,305$11,449$7,940$4,174
30 years$30,126$21,597$15,187$10,507$7,175$3,669
31 years$28,839$20,417$14,158$9,650$6,486$3,227
32 years$27,634$19,318$13,210$8,869$5,867$2,838
33 years$26,505$18,295$12,334$8,155$5,310$2,498
34 years$25,444$17,339$11,524$7,504$4,808$2,198
35 years$24,446$16,446$10,775$6,908$4,354$1,935
36 years$23,506$15,610$10,079$6,362$3,945$1,704
37 years$22,618$14,826$9,434$5,861$3,576$1,501
38 years$21,780$14,090$8,835$5,403$3,242$1,322
39 years$20,986$13,398$8,277$4,982$2,940$1,165
40 years$20,234$12,747$7,758$4,595$2,666$1,026
41 years$19,520$12,134$7,275$4,239$2,419$904
42 years$18,843$11,556$6,824$3,912$2,195$797
43 years$18,198$11,010$6,403$3,612$1,992$702
44 years$17,585$10,495$6,011$3,335$1,808$619
45 years$17,000$10,008$5,644$3,080$1,642$546
46 years$16,442$9,547$5,301$2,845$1,491$481
47 years$15,910$9,111$4,980$2,628$1,353$424
48 years$15,402$8,698$4,680$2,429$1,229$374
49 years$14,915$8,306$4,399$2,244$1,116$329
50 years$14,450$7,934$4,135$2,075$1,014$290

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 $2,304 every year, while hoping to spend $32,934 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: 37/48/15 Blend
65$14,800,000$14,800,000$14,800,000$14,800,000
66$16,311,977$15,527,577$15,298,177$16,840,933
67$17,940,757$16,253,386$15,775,624$17,947,008
68$19,734,569$17,013,657$16,267,962$19,137,626
69$21,710,211$17,810,042$16,775,655$20,422,951
70$23,886,194$18,644,276$17,299,181$21,811,477
71$26,282,916$19,518,176$17,839,034$23,312,514
72$28,922,854$20,433,647$18,395,722$24,936,263
73$31,830,776$21,392,687$18,969,770$26,693,913
74$35,033,978$22,397,391$19,561,720$28,597,730
75$38,562,534$23,449,954$20,172,128$30,661,169
76$42,449,589$24,552,678$20,801,570$32,898,993
77$46,731,663$25,707,976$21,450,640$35,327,401
78$51,449,005$26,918,378$22,119,948$37,964,171
79$56,645,962$28,186,537$22,810,125$40,828,820
80$62,371,408$29,515,235$23,521,822$43,942,776
81$68,679,197$30,907,388$24,255,708$47,329,570
82$75,628,677$32,366,051$25,012,476$51,015,049
83$83,285,246$33,894,432$25,792,838$55,027,600
84$91,720,972$35,495,890$26,597,529$59,398,417
85$101,015,272$37,173,949$27,427,307$64,161,771
86$111,255,662$38,932,305$28,282,954$69,355,329
87$122,538,581$40,774,830$29,165,275$75,020,489
88$134,970,306$42,705,586$30,075,101$81,202,757
89$148,667,950$44,728,832$31,013,289$87,952,162
90$163,760,569$46,849,033$31,980,723$95,323,711
91$180,390,383$49,070,872$32,978,314$103,377,893
92$198,714,115$51,399,257$34,006,999$112,181,225
93$218,904,470$53,839,336$35,067,750$121,806,871
94$241,151,769$56,396,507$36,161,563$132,335,304
95$265,665,743$59,076,429$37,289,468$143,855,049
96$292,677,512$61,885,037$38,452,528$156,463,495
97$322,441,767$64,828,553$39,651,837$170,267,795
98$355,239,178$67,913,503$40,888,525$185,385,848
99$391,379,038$71,146,729$42,163,754$201,947,392
100$431,202,186$74,535,404$43,478,726$220,095,199