Can I retire at age 65 with 14,600,000?

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 $14,600,000?

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$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,154,470
2 years$596,859$585,743$574,970$564,524$554,393$544,561
3 years$393,953$382,789$372,043$361,696$351,729$342,126
4 years$292,520$281,391$270,752$260,582$250,856$241,555
5 years$231,677$220,614$210,115$200,152$190,697$181,725
6 years$191,127$180,148$169,804$160,063$150,892$142,260
7 years$162,175$151,288$141,108$131,597$122,716$114,428
8 years$140,471$129,682$119,671$110,393$101,804$93,862
9 years$123,598$112,911$103,072$94,030$85,734$78,133
10 years$110,108$99,526$89,861$81,055$73,050$65,786
11 years$99,078$88,602$79,112$70,542$62,825$55,894
12 years$89,893$79,524$70,210$61,875$54,443$47,838
13 years$82,127$71,867$62,728$54,626$47,475$41,188
14 years$75,476$65,325$56,361$48,491$41,617$35,640
15 years$69,718$59,675$50,887$43,246$36,643$30,968
16 years$64,684$54,751$46,136$38,722$32,385$27,003
17 years$60,246$50,424$41,982$34,791$28,715$23,617
18 years$56,307$46,594$38,324$31,354$25,532$20,708
19 years$52,786$43,183$35,084$28,331$22,757$18,198
20 years$49,621$40,127$32,198$25,659$20,327$16,023
21 years$46,761$37,377$29,616$23,287$18,190$14,131
22 years$44,165$34,890$27,296$21,173$16,305$12,480
23 years$41,798$32,632$25,203$19,283$14,636$11,037
24 years$39,631$30,574$23,309$17,587$13,155$9,771
25 years$37,641$28,692$21,588$16,062$11,838$8,658
26 years$35,807$26,966$20,022$14,686$10,663$7,679
27 years$34,112$25,378$18,592$13,442$9,614$6,816
28 years$32,540$23,914$17,284$12,316$8,675$6,054
29 years$31,080$22,560$16,084$11,294$7,833$5,380
30 years$29,719$21,305$14,982$10,365$7,078$4,784
31 years$28,449$20,141$13,967$9,520$6,399$4,255
32 years$27,261$19,057$13,032$8,749$5,788$3,787
33 years$26,146$18,047$12,168$8,045$5,238$3,371
34 years$25,100$17,105$11,369$7,402$4,743$3,002
35 years$24,116$16,224$10,629$6,814$4,296$2,674
36 years$23,188$15,399$9,943$6,276$3,892$2,383
37 years$22,313$14,625$9,307$5,782$3,528$2,124
38 years$21,485$13,899$8,715$5,330$3,198$1,893
39 years$20,702$13,217$8,165$4,914$2,900$1,688
40 years$19,961$12,575$7,653$4,533$2,630$1,505
41 years$19,257$11,970$7,176$4,182$2,386$1,342
42 years$18,588$11,400$6,732$3,859$2,165$1,197
43 years$17,952$10,862$6,317$3,563$1,965$1,068
44 years$17,347$10,353$5,929$3,290$1,784$953
45 years$16,770$9,873$5,567$3,038$1,619$850
46 years$16,220$9,418$5,229$2,806$1,470$758
47 years$15,695$8,988$4,913$2,593$1,335$677
48 years$15,193$8,580$4,617$2,396$1,213$604
49 years$14,714$8,194$4,339$2,214$1,101$539
50 years$14,255$7,827$4,080$2,046$1,000$481

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,600,000, adding $3,097 every year, while hoping to spend $52,294 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: 85/7/8 Blend
64$14,600,000$14,600,000$14,600,000$14,600,000
65$16,092,395$15,318,595$15,092,295$17,446,125
66$17,678,178$16,013,565$15,542,246$19,025,223
67$19,423,960$16,740,837$16,005,518$20,752,365
68$21,346,002$17,501,937$16,482,502$22,648,235
69$23,462,229$18,298,466$16,973,600$24,729,771
70$25,792,387$19,132,102$17,479,226$27,015,627
71$28,358,237$20,004,601$17,999,807$29,526,352
72$31,183,757$20,917,806$18,535,780$32,284,578
73$34,295,369$21,873,647$19,087,597$35,315,232
74$37,722,187$22,874,147$19,655,723$38,645,775
75$41,496,295$23,921,425$20,240,635$42,306,452
76$45,653,045$25,017,703$20,842,824$46,330,583
77$50,231,393$26,165,308$21,462,796$50,754,872
78$55,274,268$27,366,681$22,101,072$55,619,751
79$60,828,973$28,624,378$22,758,188$60,969,762
80$66,947,635$29,941,079$23,434,694$66,853,975
81$73,687,695$31,319,593$24,131,157$73,326,448
82$81,112,450$32,762,863$24,848,161$80,446,737
83$89,291,651$34,273,975$25,586,306$88,280,452
84$98,302,161$35,856,161$26,346,209$96,899,882
85$108,228,681$37,512,812$27,128,506$106,384,665
86$119,164,545$39,247,479$27,933,850$116,822,545
87$131,212,609$41,063,886$28,762,914$128,310,195
88$144,486,214$42,965,935$29,616,391$140,954,125
89$159,110,259$44,957,717$30,494,991$154,871,689
90$175,222,380$47,043,520$31,399,448$170,192,186
91$192,974,248$49,227,837$32,330,514$187,058,078
92$212,533,000$51,515,380$33,288,965$205,626,334
93$234,082,820$53,911,088$34,275,600$226,069,906
94$257,826,672$56,420,135$35,291,237$248,579,360
95$283,988,221$59,047,950$36,336,721$273,364,671
96$312,813,938$61,800,219$37,412,920$300,657,200
97$344,575,436$64,682,905$38,520,728$330,711,876
98$379,572,021$67,702,258$39,661,064$363,809,598
99$418,133,530$70,864,832$40,834,873$400,259,880
100$460,623,436$74,177,494$42,043,127$440,403,775