Can I retire at age 65 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,104,954
2 years$580,506$569,695$559,217$549,058$539,204$511,790
3 years$383,160$372,302$361,850$351,787$342,093$315,496
4 years$284,506$273,681$263,334$253,443$243,984$218,407
5 years$225,329$214,569$204,358$194,668$185,472$160,989
6 years$185,891$175,212$165,152$155,678$146,758$123,392
7 years$157,732$147,143$137,242$127,991$119,354$97,107
8 years$136,622$126,129$116,392$107,369$99,015$77,880
9 years$120,212$109,818$100,248$91,454$83,385$63,344
10 years$107,092$96,799$87,399$78,834$71,048$52,078
11 years$96,364$86,174$76,945$68,610$61,104$43,178
12 years$87,430$77,345$68,286$60,180$52,951$36,039
13 years$79,877$69,898$61,009$53,130$46,175$30,244
14 years$73,408$63,535$54,817$47,163$40,476$25,493
15 years$67,807$58,040$49,493$42,061$35,639$21,566
16 years$62,911$53,251$44,872$37,661$31,498$18,299
17 years$58,596$49,042$40,832$33,838$27,928$15,567
18 years$54,764$45,317$37,274$30,495$24,832$13,270
19 years$51,339$41,999$34,123$27,555$22,133$11,332
20 years$48,261$39,028$31,316$24,956$19,770$9,692
21 years$45,480$36,353$28,805$22,649$17,692$8,299
22 years$42,955$33,934$26,548$20,593$15,858$7,115
23 years$40,653$31,738$24,513$18,755$14,235$6,105
24 years$38,545$29,736$22,670$17,105$12,795$5,242
25 years$36,610$27,906$20,997$15,622$11,514$4,505
26 years$34,826$26,227$19,474$14,284$10,371$3,873
27 years$33,177$24,683$18,083$13,074$9,350$3,332
28 years$31,649$23,259$16,810$11,979$8,437$2,867
29 years$30,228$21,942$15,644$10,985$7,618$2,468
30 years$28,905$20,722$14,571$10,081$6,884$2,125
31 years$27,670$19,589$13,584$9,259$6,224$1,831
32 years$26,514$18,535$12,675$8,509$5,630$1,577
33 years$25,430$17,553$11,834$7,825$5,095$1,359
34 years$24,412$16,636$11,057$7,200$4,613$1,172
35 years$23,455$15,779$10,338$6,628$4,178$1,010
36 years$22,553$14,977$9,671$6,104$3,785$871
37 years$21,701$14,225$9,052$5,624$3,431$751
38 years$20,897$13,518$8,476$5,184$3,110$647
39 years$20,135$12,855$7,942$4,780$2,821$558
40 years$19,414$12,230$7,444$4,408$2,558$481
41 years$18,729$11,642$6,980$4,067$2,321$415
42 years$18,079$11,087$6,547$3,754$2,106$358
43 years$17,460$10,564$6,144$3,465$1,911$309
44 years$16,872$10,070$5,767$3,199$1,735$267
45 years$16,311$9,602$5,415$2,955$1,575$230
46 years$15,776$9,160$5,086$2,729$1,430$198
47 years$15,265$8,742$4,778$2,522$1,299$171
48 years$14,777$8,345$4,490$2,330$1,179$148
49 years$14,311$7,969$4,220$2,153$1,071$127
50 years$13,864$7,612$3,968$1,990$973$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,200,000, adding $2,847 every year, while hoping to spend $23,818 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: 38/48/14 Blend
64$14,200,000$14,200,000$14,200,000$14,200,000
65$15,651,337$14,898,737$14,678,637$16,179,621
66$17,222,431$15,603,433$15,145,029$17,261,737
67$18,952,978$16,341,860$15,626,247$18,427,915
68$20,859,218$17,115,648$16,122,762$19,687,685
69$22,959,045$17,926,501$16,635,062$21,049,471
70$25,272,179$18,776,210$17,163,647$22,522,504
71$27,820,348$19,666,652$17,709,036$24,116,903
72$30,627,498$20,599,792$18,271,763$25,843,764
73$33,720,016$21,577,695$18,852,381$27,715,255
74$37,126,979$22,602,524$19,451,457$29,744,723
75$40,880,429$23,676,546$20,069,579$31,946,814
76$45,015,676$24,802,139$20,707,353$34,337,599
77$49,571,629$25,981,799$21,365,404$36,934,718
78$54,591,167$27,218,139$22,044,376$39,757,537
79$60,121,540$28,513,901$22,744,936$42,827,320
80$66,214,815$29,871,961$23,467,770$46,167,417
81$72,928,373$31,295,333$24,213,587$49,803,478
82$80,325,442$32,787,180$24,983,117$53,763,678
83$88,475,701$34,350,816$25,777,116$58,078,974
84$97,455,934$35,989,717$26,596,361$62,783,383
85$107,350,756$37,707,530$27,441,655$67,914,291
86$118,253,411$39,508,076$28,313,828$73,512,789
87$130,266,652$41,395,365$29,213,735$79,624,048
88$143,503,713$43,373,600$30,142,257$86,297,731
89$158,089,374$45,447,189$31,100,305$93,588,442
90$174,161,144$47,620,755$32,088,819$101,556,227
91$191,870,553$49,899,145$33,108,768$110,267,123
92$211,384,590$52,287,443$34,161,151$119,793,762
93$232,887,270$54,790,980$35,247,002$130,216,037
94$256,581,379$57,415,345$36,367,384$141,621,834
95$282,690,385$60,166,402$37,523,396$154,107,844
96$311,460,547$63,050,299$38,716,173$167,780,452
97$343,163,242$66,073,482$39,946,884$182,756,712
98$378,097,523$69,242,714$41,216,735$199,165,438
99$416,592,948$72,565,084$42,526,973$217,148,385
100$459,012,685$76,048,030$43,878,883$236,861,563