Can I retire at age 65 with 14,000,000?

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 $14,000,000?

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%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,079,779
2 years$572,330$561,671$551,341$541,325$531,609$495,085
3 years$377,763$367,058$356,754$346,832$337,275$301,972
4 years$280,499$269,827$259,625$249,873$240,547$206,737
5 years$222,156$211,547$201,480$191,926$182,860$150,632
6 years$183,273$172,744$162,826$153,485$144,691$114,072
7 years$155,510$145,070$135,309$126,189$117,673$88,658
8 years$134,698$124,352$114,753$105,856$97,621$70,191
9 years$118,519$108,271$98,837$90,166$82,211$56,333
10 years$105,583$95,436$86,168$77,724$70,048$45,681
11 years$95,006$84,961$75,861$67,643$60,243$37,342
12 years$86,199$76,256$67,325$59,332$52,206$30,720
13 years$78,752$68,913$60,150$52,381$45,524$25,400
14 years$72,375$62,640$54,045$46,498$39,906$21,087
15 years$66,852$57,223$48,795$41,468$35,137$17,565
16 years$62,025$52,501$44,240$37,130$31,054$14,671
17 years$57,770$48,351$40,257$33,361$27,535$12,281
18 years$53,993$44,679$36,749$30,065$24,482$10,300
19 years$50,616$41,408$33,642$27,167$21,822$8,651
20 years$47,582$38,478$30,875$24,605$19,492$7,276
21 years$44,839$35,841$28,399$22,330$17,443$6,126
22 years$42,350$33,456$26,174$20,303$15,635$5,162
23 years$40,080$31,291$24,167$18,491$14,035$4,353
24 years$38,003$29,318$22,351$16,865$12,615$3,674
25 years$36,094$27,513$20,701$15,402$11,351$3,102
26 years$34,335$25,858$19,199$14,082$10,225$2,620
27 years$32,710$24,335$17,828$12,890$9,219$2,214
28 years$31,203$22,931$16,574$11,810$8,318$1,871
29 years$29,803$21,633$15,423$10,830$7,511$1,582
30 years$28,498$20,430$14,366$9,939$6,787$1,338
31 years$27,280$19,313$13,393$9,128$6,136$1,132
32 years$26,140$18,274$12,496$8,389$5,550$958
33 years$25,072$17,306$11,668$7,715$5,023$810
34 years$24,069$16,402$10,902$7,098$4,548$686
35 years$23,125$15,557$10,192$6,534$4,119$580
36 years$22,235$14,766$9,535$6,018$3,732$491
37 years$21,396$14,024$8,924$5,545$3,383$416
38 years$20,602$13,328$8,357$5,111$3,067$352
39 years$19,852$12,674$7,830$4,712$2,781$298
40 years$19,140$12,058$7,339$4,346$2,522$252
41 years$18,465$11,478$6,881$4,010$2,288$213
42 years$17,824$10,931$6,455$3,701$2,076$181
43 years$17,214$10,415$6,057$3,416$1,885$153
44 years$16,634$9,928$5,686$3,154$1,711$130
45 years$16,081$9,467$5,339$2,913$1,553$110
46 years$15,554$9,031$5,014$2,691$1,410$93
47 years$15,050$8,619$4,711$2,486$1,280$79
48 years$14,569$8,228$4,427$2,297$1,163$67
49 years$14,109$7,857$4,161$2,123$1,056$56
50 years$13,669$7,505$3,912$1,962$959$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,000,000, adding $3,388 every year, while hoping to spend $40,157 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: 62/17/21 Blend
64$14,000,000$14,000,000$14,000,000$14,000,000
65$15,431,495$14,689,495$14,472,495$16,303,755
66$16,962,780$15,366,553$14,914,597$17,570,316
67$18,648,911$16,075,442$15,370,163$18,947,743
68$20,505,639$16,817,677$15,839,602$20,450,691
69$22,550,322$17,594,851$16,323,336$22,091,393
70$24,802,085$18,408,628$16,821,798$23,883,308
71$27,282,003$19,260,757$17,335,434$25,841,245
72$30,013,302$20,153,069$17,864,706$27,981,497
73$33,021,573$21,087,483$18,410,087$30,321,996
74$36,335,014$22,066,011$18,972,066$32,882,474
75$39,984,702$23,090,762$19,551,147$35,684,647
76$44,004,879$24,163,946$20,147,847$38,752,418
77$48,433,278$25,287,881$20,762,702$42,112,098
78$53,311,482$26,464,996$21,396,261$45,792,650
79$58,685,309$27,697,837$22,049,092$49,825,957
80$64,605,252$28,989,073$22,721,779$54,247,120
81$71,126,952$30,341,502$23,414,922$59,094,784
82$78,311,722$31,758,056$24,129,143$64,411,500
83$86,227,128$33,241,811$24,865,080$70,244,118
84$94,947,625$34,795,990$25,623,390$76,644,226
85$104,555,260$36,423,971$26,404,751$83,668,632
86$115,140,449$38,129,298$27,209,862$91,379,895
87$126,802,824$39,915,682$28,039,442$99,846,907
88$139,652,179$41,787,019$28,894,231$109,145,538
89$153,809,506$43,747,387$29,774,992$119,359,348
90$169,408,134$45,801,068$30,682,513$130,580,367
91$186,594,989$47,952,545$31,617,602$142,909,957
92$205,531,981$50,206,522$32,581,095$156,459,760
93$226,397,531$52,567,930$33,573,849$171,352,748
94$249,388,258$55,041,938$34,596,752$187,724,372
95$274,720,832$57,633,964$35,650,715$205,723,834
96$302,634,019$60,349,691$36,736,677$225,515,488
97$333,390,940$63,195,077$37,855,606$247,280,379
98$367,281,546$66,176,366$39,008,499$271,217,945
99$404,625,363$69,300,107$40,196,383$297,547,889
100$445,774,504$72,573,166$41,420,316$326,512,244