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%13.3%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,171,843
2 years$609,123$597,778$586,784$576,124$565,784$549,387
3 years$402,048$390,655$379,688$369,128$358,957$342,976
4 years$298,531$287,173$276,316$265,936$256,011$240,570
5 years$236,437$225,147$214,432$204,264$194,615$179,759
6 years$195,055$183,849$173,293$163,352$153,993$139,738
7 years$165,507$154,396$144,007$134,301$125,237$111,590
8 years$143,357$132,346$122,130$112,661$103,896$90,855
9 years$126,138$115,231$105,190$95,963$87,496$75,054
10 years$112,371$101,571$91,707$82,721$74,551$62,699
11 years$101,114$90,422$80,738$71,992$64,116$52,843
12 years$91,740$81,158$71,653$63,146$55,562$44,855
13 years$83,815$73,343$64,017$55,749$48,451$38,296
14 years$77,027$66,667$57,519$49,488$42,472$32,853
15 years$71,150$60,902$51,932$44,134$37,395$28,296
16 years$66,013$55,876$47,084$39,517$33,050$24,453
17 years$61,484$51,460$42,845$35,506$29,305$21,192
18 years$57,464$47,551$39,112$31,998$26,056$18,411
19 years$53,870$44,070$35,805$28,913$23,225$16,027
20 years$50,640$40,952$32,860$26,186$20,745$13,977
21 years$47,722$38,145$30,225$23,766$18,564$12,208
22 years$45,072$35,607$27,857$21,609$16,640$10,677
23 years$42,657$33,303$25,721$19,679$14,937$9,348
24 years$40,446$31,202$23,787$17,949$13,426$8,193
25 years$38,415$29,282$22,032$16,392$12,081$7,187
26 years$36,543$27,520$20,434$14,988$10,882$6,309
27 years$34,813$25,900$18,974$13,719$9,811$5,542
28 years$33,209$24,405$17,639$12,569$8,853$4,871
29 years$31,718$23,023$16,415$11,526$7,994$4,284
30 years$30,330$21,743$15,290$10,578$7,223$3,769
31 years$29,034$20,555$14,254$9,715$6,530$3,317
32 years$27,821$19,449$13,299$8,929$5,907$2,920
33 years$26,684$18,418$12,418$8,211$5,346$2,572
34 years$25,616$17,456$11,602$7,554$4,840$2,266
35 years$24,611$16,557$10,847$6,954$4,384$1,996
36 years$23,665$15,715$10,147$6,405$3,972$1,759
37 years$22,771$14,926$9,498$5,901$3,600$1,551
38 years$21,927$14,185$8,894$5,439$3,264$1,367
39 years$21,128$13,488$8,333$5,015$2,960$1,205
40 years$20,371$12,833$7,811$4,626$2,685$1,063
41 years$19,652$12,216$7,324$4,268$2,435$937
42 years$18,970$11,634$6,870$3,939$2,210$827
43 years$18,321$11,085$6,447$3,636$2,006$729
44 years$17,703$10,566$6,051$3,357$1,821$643
45 years$17,115$10,076$5,682$3,100$1,653$567
46 years$16,553$9,612$5,337$2,864$1,501$501
47 years$16,018$9,173$5,014$2,646$1,363$442
48 years$15,506$8,757$4,711$2,445$1,237$390
49 years$15,016$8,362$4,428$2,260$1,124$344
50 years$14,548$7,988$4,163$2,089$1,021$303

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 $2,581 every year, while hoping to spend $44,161 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: 25/49/26 Blend
65$14,900,000$14,900,000$14,900,000$14,900,000
66$16,422,462$15,632,762$15,401,812$16,698,250
67$18,050,566$16,351,781$15,870,786$17,645,284
68$19,843,257$17,104,551$16,353,990$18,656,030
69$21,817,276$17,892,680$16,851,855$19,738,849
70$23,991,069$18,717,853$17,364,824$20,899,807
71$26,384,965$19,581,835$17,893,352$22,145,536
72$29,021,363$20,486,476$18,437,911$23,483,285
73$31,924,945$21,433,716$18,998,984$24,920,979
74$35,122,910$22,425,589$19,577,071$26,467,292
75$38,645,228$23,464,224$20,172,684$28,131,714
76$42,524,926$24,551,855$20,786,353$29,924,634
77$46,798,396$25,690,824$21,418,624$31,857,427
78$51,505,742$26,883,584$22,070,057$33,942,556
79$56,691,156$28,132,707$22,741,232$36,193,672
80$62,403,334$29,440,890$23,432,743$38,625,737
81$68,695,939$30,810,959$24,145,205$41,255,153
82$75,628,105$32,245,876$24,879,250$44,099,905
83$83,264,995$33,748,748$25,635,528$47,179,716
84$91,678,417$35,322,829$26,414,711$50,516,223
85$100,947,500$36,971,532$27,217,489$54,133,166
86$111,159,444$38,698,436$28,044,573$58,056,598
87$122,410,337$40,507,289$28,896,696$62,315,117
88$134,806,069$42,402,024$29,774,613$66,940,120
89$148,463,327$44,386,762$30,679,102$71,966,080
90$163,510,697$46,465,824$31,610,962$77,430,860
91$180,089,879$48,643,740$32,571,020$83,376,048
92$198,357,021$50,925,258$33,560,124$89,847,332
93$218,484,198$53,315,356$34,579,149$96,894,913
94$240,661,032$55,819,255$35,628,996$104,573,957
95$265,096,484$58,442,425$36,710,594$112,945,095
96$292,020,824$61,190,602$37,824,898$122,074,971
97$321,687,809$64,069,803$38,972,893$132,036,853
98$354,377,074$67,086,331$40,155,593$142,911,293
99$390,396,772$70,246,798$41,374,042$154,786,867
100$430,086,487$73,558,135$42,629,316$167,760,981