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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,177,209
2 years$609,123$597,778$586,784$576,124$565,784$554,764
3 years$402,048$390,655$379,688$369,128$358,957$348,196
4 years$298,531$287,173$276,316$265,936$256,011$245,592
5 years$236,437$225,147$214,432$204,264$194,615$184,569
6 years$195,055$183,849$173,293$163,352$153,993$144,332
7 years$165,507$154,396$144,007$134,301$125,237$115,966
8 years$143,357$132,346$122,130$112,661$103,896$95,014
9 years$126,138$115,231$105,190$95,963$87,496$79,000
10 years$112,371$101,571$91,707$82,721$74,551$66,436
11 years$101,114$90,422$80,738$71,992$64,116$56,377
12 years$91,740$81,158$71,653$63,146$55,562$48,190
13 years$83,815$73,343$64,017$55,749$48,451$41,438
14 years$77,027$66,667$57,519$49,488$42,472$35,809
15 years$71,150$60,902$51,932$44,134$37,395$31,073
16 years$66,013$55,876$47,084$39,517$33,050$27,058
17 years$61,484$51,460$42,845$35,506$29,305$23,631
18 years$57,464$47,551$39,112$31,998$26,056$20,692
19 years$53,870$44,070$35,805$28,913$23,225$18,157
20 years$50,640$40,952$32,860$26,186$20,745$15,964
21 years$47,722$38,145$30,225$23,766$18,564$14,058
22 years$45,072$35,607$27,857$21,609$16,640$12,397
23 years$42,657$33,303$25,721$19,679$14,937$10,947
24 years$40,446$31,202$23,787$17,949$13,426$9,676
25 years$38,415$29,282$22,032$16,392$12,081$8,561
26 years$36,543$27,520$20,434$14,988$10,882$7,581
27 years$34,813$25,900$18,974$13,719$9,811$6,718
28 years$33,209$24,405$17,639$12,569$8,853$5,958
29 years$31,718$23,023$16,415$11,526$7,994$5,286
30 years$30,330$21,743$15,290$10,578$7,223$4,692
31 years$29,034$20,555$14,254$9,715$6,530$4,167
32 years$27,821$19,449$13,299$8,929$5,907$3,703
33 years$26,684$18,418$12,418$8,211$5,346$3,291
34 years$25,616$17,456$11,602$7,554$4,840$2,926
35 years$24,611$16,557$10,847$6,954$4,384$2,602
36 years$23,665$15,715$10,147$6,405$3,972$2,314
37 years$22,771$14,926$9,498$5,901$3,600$2,059
38 years$21,927$14,185$8,894$5,439$3,264$1,832
39 years$21,128$13,488$8,333$5,015$2,960$1,631
40 years$20,371$12,833$7,811$4,626$2,685$1,452
41 years$19,652$12,216$7,324$4,268$2,435$1,292
42 years$18,970$11,634$6,870$3,939$2,210$1,151
43 years$18,321$11,085$6,447$3,636$2,006$1,025
44 years$17,703$10,566$6,051$3,357$1,821$913
45 years$17,115$10,076$5,682$3,100$1,653$813
46 years$16,553$9,612$5,337$2,864$1,501$724
47 years$16,018$9,173$5,014$2,646$1,363$645
48 years$15,506$8,757$4,711$2,445$1,237$574
49 years$15,016$8,362$4,428$2,260$1,124$512
50 years$14,548$7,988$4,163$2,089$1,021$456

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 $5,581 every year, while hoping to spend $26,055 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: 69/18/13 Blend
65$14,900,000$14,900,000$14,900,000$14,900,000
66$16,425,557$15,635,857$15,404,907$17,511,273
67$18,073,241$16,374,291$15,893,249$18,971,979
68$19,888,116$17,148,036$16,397,077$20,565,837
69$21,887,208$17,958,794$16,916,883$22,308,907
70$24,089,278$18,808,349$17,453,173$24,215,861
71$26,515,000$19,698,574$18,006,470$26,302,842
72$29,187,158$20,631,432$18,577,315$28,587,618
73$32,130,855$21,608,980$19,166,263$31,089,741
74$35,373,759$22,633,376$19,773,888$33,830,731
75$38,946,353$23,706,882$20,400,785$36,834,277
76$42,882,233$24,831,871$21,047,563$40,126,454
77$47,218,418$26,010,830$21,714,853$43,735,963
78$51,995,703$27,246,368$22,403,308$47,694,406
79$57,259,043$28,541,218$23,113,597$52,036,572
80$63,057,977$29,898,249$23,846,413$56,800,763
81$69,447,095$31,320,468$24,602,473$62,029,154
82$76,486,555$32,811,027$25,382,512$67,768,181
83$84,242,650$34,373,233$26,187,292$74,068,978
84$92,788,431$36,010,553$27,017,598$80,987,854
85$102,204,403$37,726,622$27,874,239$88,586,817
86$112,579,278$39,525,253$28,758,052$96,934,154
87$124,010,817$41,410,442$29,669,899$106,105,071
88$136,606,748$43,386,381$30,610,668$116,182,394
89$150,485,789$45,457,467$31,581,279$127,257,349
90$165,778,765$47,628,308$32,582,677$139,430,407
91$182,629,842$49,903,739$33,615,840$152,812,235
92$201,197,891$52,288,827$34,681,775$167,524,728
93$221,657,985$54,788,888$35,781,524$183,702,151
94$244,203,052$57,409,497$36,916,158$201,492,400
95$269,045,699$60,156,497$38,086,785$221,058,388
96$296,420,215$63,036,020$39,294,546$242,579,577
97$326,584,785$66,054,493$40,540,622$266,253,656
98$359,823,926$69,218,657$41,826,226$292,298,405
99$396,451,177$72,535,581$43,152,614$320,953,733
100$436,812,051$76,012,678$44,521,081$352,483,937