Can I retire at age 66 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,160,366
2 years$609,123$597,778$586,784$576,124$565,784$537,954
3 years$402,048$390,655$379,688$369,128$358,957$331,946
4 years$298,531$287,173$276,316$265,936$256,011$230,028
5 years$236,437$225,147$214,432$204,264$194,615$169,732
6 years$195,055$183,849$173,293$163,352$153,993$130,235
7 years$165,507$154,396$144,007$134,301$125,237$102,609
8 years$143,357$132,346$122,130$112,661$103,896$82,389
9 years$126,138$115,231$105,190$95,963$87,496$67,092
10 years$112,371$101,571$91,707$82,721$74,551$55,228
11 years$101,114$90,422$80,738$71,992$64,116$45,847
12 years$91,740$81,158$71,653$63,146$55,562$38,318
13 years$83,815$73,343$64,017$55,749$48,451$32,199
14 years$77,027$66,667$57,519$49,488$42,472$27,178
15 years$71,150$60,902$51,932$44,134$37,395$23,024
16 years$66,013$55,876$47,084$39,517$33,050$19,564
17 years$61,484$51,460$42,845$35,506$29,305$16,667
18 years$57,464$47,551$39,112$31,998$26,056$14,228
19 years$53,870$44,070$35,805$28,913$23,225$12,169
20 years$50,640$40,952$32,860$26,186$20,745$10,423
21 years$47,722$38,145$30,225$23,766$18,564$8,939
22 years$45,072$35,607$27,857$21,609$16,640$7,675
23 years$42,657$33,303$25,721$19,679$14,937$6,596
24 years$40,446$31,202$23,787$17,949$13,426$5,673
25 years$38,415$29,282$22,032$16,392$12,081$4,883
26 years$36,543$27,520$20,434$14,988$10,882$4,205
27 years$34,813$25,900$18,974$13,719$9,811$3,623
28 years$33,209$24,405$17,639$12,569$8,853$3,123
29 years$31,718$23,023$16,415$11,526$7,994$2,693
30 years$30,330$21,743$15,290$10,578$7,223$2,323
31 years$29,034$20,555$14,254$9,715$6,530$2,004
32 years$27,821$19,449$13,299$8,929$5,907$1,730
33 years$26,684$18,418$12,418$8,211$5,346$1,493
34 years$25,616$17,456$11,602$7,554$4,840$1,289
35 years$24,611$16,557$10,847$6,954$4,384$1,113
36 years$23,665$15,715$10,147$6,405$3,972$961
37 years$22,771$14,926$9,498$5,901$3,600$830
38 years$21,927$14,185$8,894$5,439$3,264$717
39 years$21,128$13,488$8,333$5,015$2,960$619
40 years$20,371$12,833$7,811$4,626$2,685$535
41 years$19,652$12,216$7,324$4,268$2,435$462
42 years$18,970$11,634$6,870$3,939$2,210$399
43 years$18,321$11,085$6,447$3,636$2,006$345
44 years$17,703$10,566$6,051$3,357$1,821$298
45 years$17,115$10,076$5,682$3,100$1,653$258
46 years$16,553$9,612$5,337$2,864$1,501$223
47 years$16,018$9,173$5,014$2,646$1,363$192
48 years$15,506$8,757$4,711$2,445$1,237$166
49 years$15,016$8,362$4,428$2,260$1,124$144
50 years$14,548$7,988$4,163$2,089$1,021$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,900,000, adding $5,787 every year, while hoping to spend $24,077 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: 35/43/22 Blend
65$14,900,000$14,900,000$14,900,000$14,900,000
66$16,425,769$15,636,069$15,405,119$16,890,660
67$18,075,580$16,376,619$15,895,573$17,974,572
68$19,892,864$17,152,649$16,401,650$19,140,661
69$21,894,680$17,965,871$16,923,848$20,398,367
70$24,099,821$18,818,083$17,462,681$21,755,867
71$26,529,002$19,711,168$18,018,680$23,222,120
72$29,205,045$20,647,100$18,592,391$24,806,944
73$32,153,102$21,627,951$19,184,379$26,521,103
74$35,400,890$22,655,892$19,795,226$28,376,398
75$38,978,949$23,733,198$20,425,535$30,385,774
76$42,920,935$24,862,259$21,075,924$32,563,429
77$47,263,938$26,045,577$21,747,035$34,924,943
78$52,048,826$27,285,777$22,439,527$37,487,414
79$57,320,639$28,585,612$23,154,083$40,269,610
80$63,129,005$29,947,968$23,891,406$43,292,135
81$69,528,616$31,375,872$24,652,221$46,577,614
82$76,579,743$32,872,497$25,437,278$50,150,895
83$84,348,799$34,441,172$26,247,350$54,039,270
84$92,908,974$36,085,387$27,083,233$58,272,725
85$102,340,919$37,808,801$27,945,752$62,884,205
86$112,733,513$39,615,252$28,835,754$67,909,915
87$124,184,696$41,508,764$29,754,117$73,389,644
88$136,802,400$43,493,558$30,701,744$79,367,132
89$150,705,562$45,574,059$31,679,570$85,890,461
90$166,025,249$47,754,909$32,688,555$93,012,495
91$182,905,898$50,040,973$33,729,695$100,791,366
92$201,506,674$52,437,355$34,804,015$109,290,999
93$222,002,978$54,949,408$35,912,572$118,581,700
94$244,588,097$57,582,744$37,056,459$128,740,800
95$269,475,034$60,343,250$38,236,801$139,853,367
96$296,898,515$63,237,097$39,454,761$152,012,982
97$327,117,208$66,270,759$40,711,540$165,322,607
98$360,416,161$69,451,024$42,008,375$179,895,528
99$397,109,497$72,785,012$43,346,543$195,856,404
100$437,543,376$76,280,188$44,727,363$213,342,417