Can I retire at age 65 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,130,748
2 years$584,594$573,707$563,155$552,924$543,001$533,372
3 years$385,858$374,924$364,399$354,264$344,502$335,096
4 years$286,510$275,609$265,189$255,227$245,702$236,591
5 years$226,916$216,081$205,797$196,039$186,779$177,991
6 years$187,200$176,446$166,315$156,774$147,792$139,337
7 years$158,843$148,179$138,208$128,893$120,194$112,077
8 years$137,584$127,017$117,212$108,125$99,713$91,933
9 years$121,058$110,591$100,954$92,098$83,972$76,528
10 years$107,846$97,481$88,014$79,390$71,549$64,435
11 years$97,042$86,781$77,486$69,093$61,534$54,746
12 years$88,046$77,890$68,767$60,604$53,324$46,855
13 years$80,440$70,390$61,439$53,504$46,500$40,342
14 years$73,925$63,982$55,203$47,495$40,761$34,908
15 years$68,285$58,449$49,841$42,357$35,890$30,331
16 years$63,354$53,626$45,188$37,926$31,719$26,448
17 years$59,008$49,388$41,120$34,076$28,125$23,131
18 years$55,150$45,636$37,537$30,710$25,007$20,283
19 years$51,701$42,295$34,363$27,749$22,289$17,824
20 years$48,601$39,303$31,537$25,132$19,909$15,693
21 years$45,800$36,609$29,008$22,809$17,817$13,840
22 years$43,257$34,173$26,735$20,738$15,970$12,224
23 years$40,939$31,961$24,685$18,887$14,336$10,810
24 years$38,817$29,946$22,830$17,226$12,885$9,570
25 years$36,868$28,103$21,145$15,732$11,595$8,481
26 years$35,071$26,412$19,611$14,384$10,444$7,522
27 years$33,411$24,857$18,210$13,166$9,416$6,676
28 years$31,872$23,422$16,929$12,063$8,496$5,929
29 years$30,441$22,096$15,754$11,062$7,672$5,270
30 years$29,109$20,868$14,674$10,152$6,932$4,685
31 years$27,864$19,727$13,680$9,324$6,267$4,168
32 years$26,700$18,666$12,764$8,569$5,669$3,709
33 years$25,609$17,677$11,918$7,880$5,131$3,302
34 years$24,584$16,753$11,135$7,250$4,645$2,941
35 years$23,620$15,890$10,411$6,674$4,207$2,620
36 years$22,712$15,082$9,739$6,147$3,812$2,334
37 years$21,854$14,325$9,115$5,663$3,455$2,080
38 years$21,044$13,614$8,536$5,220$3,132$1,854
39 years$20,277$12,945$7,997$4,813$2,840$1,653
40 years$19,550$12,316$7,496$4,440$2,576$1,474
41 years$18,861$11,724$7,029$4,096$2,337$1,315
42 years$18,206$11,165$6,593$3,780$2,121$1,173
43 years$17,583$10,638$6,187$3,490$1,925$1,046
44 years$16,990$10,141$5,808$3,222$1,747$933
45 years$16,426$9,670$5,453$2,976$1,586$833
46 years$15,887$9,225$5,122$2,749$1,440$743
47 years$15,373$8,803$4,812$2,539$1,308$663
48 years$14,881$8,404$4,522$2,346$1,188$592
49 years$14,411$8,025$4,250$2,169$1,079$528
50 years$13,962$7,666$3,996$2,004$980$471

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,300,000, adding $6,930 every year, while hoping to spend $55,549 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: 43/35/22 Blend
64$14,300,000$14,300,000$14,300,000$14,300,000
65$15,765,748$15,007,848$14,786,198$16,342,338
66$17,314,751$15,684,129$15,222,432$17,428,362
67$19,019,890$16,391,686$15,671,418$18,598,352
68$20,897,033$17,131,993$16,133,525$19,864,859
69$22,963,664$17,906,594$16,609,131$21,236,821
70$25,239,047$18,717,107$17,098,627$22,724,051
71$27,744,412$19,565,227$17,602,413$24,337,320
72$30,503,150$20,452,731$18,120,902$26,088,461
73$33,541,037$21,381,481$18,654,518$27,990,466
74$36,886,476$22,353,426$19,203,697$30,057,610
75$40,570,762$23,370,610$19,768,887$32,305,576
76$44,628,385$24,435,175$20,350,550$34,751,597
77$49,097,347$25,549,365$20,949,160$37,414,614
78$54,019,524$26,715,532$21,565,205$40,315,444
79$59,441,062$27,936,140$22,199,185$43,476,973
80$65,412,811$29,213,771$22,851,618$46,924,362
81$71,990,804$30,551,132$23,523,034$50,685,278
82$79,236,788$31,951,059$24,213,977$54,790,146
83$87,218,804$33,416,524$24,925,009$59,272,426
84$96,011,831$34,950,643$25,656,706$64,168,923
85$105,698,494$36,556,681$26,409,662$69,520,124
86$116,369,840$38,238,058$27,184,485$75,370,566
87$128,126,201$39,998,360$27,981,803$81,769,254
88$141,078,140$41,841,346$28,802,260$88,770,104
89$155,347,494$43,770,956$29,646,519$96,432,447
90$171,068,522$45,791,317$30,515,262$104,821,574
91$188,389,176$47,906,756$31,409,188$114,009,343
92$207,472,495$50,121,809$32,329,018$124,074,839
93$228,498,142$52,441,231$33,275,492$135,105,113
94$251,664,103$54,870,002$34,249,373$147,195,984
95$277,188,556$57,413,347$35,251,441$160,452,934
96$305,311,927$60,076,739$36,282,502$174,992,084
97$336,299,161$62,865,916$37,343,383$190,941,277
98$370,442,223$65,786,894$38,434,935$208,441,264
99$408,062,855$68,845,977$39,558,030$227,647,021
100$449,515,610$72,049,774$40,713,568$248,729,187