Can I retire at age 65 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,148,062
2 years$600,947$589,755$578,908$568,391$558,190$533,982
3 years$396,652$385,411$374,592$364,174$354,139$330,615
4 years$294,524$283,318$272,607$262,367$252,575$229,917
5 years$233,263$222,125$211,554$201,523$192,003$170,275
6 years$192,436$181,382$170,967$161,159$151,926$131,151
7 years$163,286$152,324$142,074$132,498$123,556$103,739
8 years$141,433$130,570$120,490$111,149$102,502$83,636
9 years$124,445$113,684$103,778$94,674$86,321$68,395
10 years$110,862$100,207$90,476$81,610$73,550$56,544
11 years$99,757$89,209$79,654$71,025$63,256$47,150
12 years$90,509$80,069$70,691$62,299$54,816$39,586
13 years$82,690$72,359$63,158$55,001$47,801$33,421
14 years$75,993$65,772$56,747$48,823$41,902$28,344
15 years$70,195$60,084$51,235$43,542$36,894$24,129
16 years$65,127$55,126$46,452$38,987$32,607$20,605
17 years$60,659$50,769$42,270$35,029$28,911$17,642
18 years$56,692$46,913$38,587$31,569$25,707$15,139
19 years$53,147$43,478$35,324$28,525$22,913$13,015
20 years$49,961$40,402$32,419$25,835$20,466$11,207
21 years$47,081$37,633$29,819$23,447$18,315$9,663
22 years$44,467$35,129$27,483$21,318$16,417$8,342
23 years$42,084$32,856$25,376$19,415$14,737$7,208
24 years$39,903$30,784$23,468$17,708$13,246$6,234
25 years$37,899$28,889$21,736$16,172$11,919$5,395
26 years$36,052$27,151$20,159$14,787$10,736$4,672
27 years$34,345$25,552$18,720$13,535$9,680$4,049
28 years$32,763$24,078$17,402$12,401$8,734$3,510
29 years$31,293$22,714$16,194$11,372$7,887$3,044
30 years$29,923$21,451$15,084$10,436$7,126$2,641
31 years$28,644$20,279$14,063$9,585$6,443$2,292
32 years$27,447$19,188$13,121$8,809$5,828$1,989
33 years$26,326$18,171$12,251$8,100$5,274$1,727
34 years$25,272$17,222$11,447$7,453$4,775$1,500
35 years$24,281$16,335$10,702$6,861$4,325$1,303
36 years$23,347$15,504$10,011$6,319$3,919$1,132
37 years$22,466$14,725$9,370$5,822$3,552$983
38 years$21,633$13,994$8,775$5,366$3,220$854
39 years$20,844$13,307$8,221$4,948$2,920$743
40 years$20,097$12,661$7,706$4,564$2,648$645
41 years$19,388$12,052$7,225$4,211$2,403$561
42 years$18,715$11,478$6,778$3,886$2,180$488
43 years$18,075$10,936$6,360$3,587$1,979$424
44 years$17,466$10,424$5,970$3,312$1,796$368
45 years$16,885$9,941$5,606$3,059$1,631$320
46 years$16,331$9,483$5,265$2,825$1,480$278
47 years$15,803$9,050$4,946$2,610$1,344$242
48 years$15,298$8,639$4,648$2,412$1,221$210
49 years$14,815$8,250$4,369$2,229$1,109$183
50 years$14,352$7,881$4,107$2,060$1,007$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,700,000, adding $4,197 every year, while hoping to spend $50,593 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: 52/26/22 Blend
64$14,700,000$14,700,000$14,700,000$14,700,000
65$16,203,729$15,424,629$15,196,779$16,947,273
66$17,802,679$16,126,605$15,652,041$18,162,760
67$19,563,026$16,861,283$16,120,858$19,478,604
68$21,501,179$17,630,210$16,603,631$20,908,857
69$23,635,220$18,435,011$17,100,774$22,464,416
70$25,985,072$19,277,386$17,612,709$24,157,260
71$28,572,690$20,159,118$18,139,875$26,000,553
72$31,422,264$21,082,075$18,682,720$28,008,772
73$34,560,452$22,048,214$19,241,709$30,197,831
74$38,016,629$23,059,587$19,817,316$32,585,230
75$41,823,162$24,118,344$20,410,034$35,190,217
76$46,015,720$25,226,739$21,020,366$38,033,959
77$50,633,607$26,387,132$21,648,832$41,139,742
78$55,720,134$27,602,000$22,295,966$44,533,182
79$61,323,026$28,873,936$22,962,319$48,242,460
80$67,494,875$30,205,660$23,648,457$52,298,583
81$74,293,635$31,600,020$24,354,963$56,735,672
82$81,783,168$33,060,004$25,082,438$61,591,274
83$90,033,849$34,588,742$25,831,497$66,906,709
84$99,123,227$36,189,515$26,602,777$72,727,457
85$109,136,757$37,865,763$27,396,931$79,103,574
86$120,168,611$39,621,090$28,214,633$86,090,160
87$132,322,561$41,459,275$29,056,575$93,747,869
88$145,712,962$43,384,279$29,923,470$102,143,474
89$160,465,829$45,400,253$30,816,051$111,350,485
90$176,720,027$47,511,550$31,735,073$121,449,837
91$194,628,585$49,722,730$32,681,312$132,530,642
92$214,360,134$52,038,577$33,655,569$144,691,019
93$236,100,502$54,464,102$34,658,666$158,039,009
94$260,054,471$57,004,561$35,691,449$172,693,586
95$286,447,704$59,665,461$36,754,789$188,785,766
96$315,528,878$62,452,577$37,849,583$206,459,828
97$347,572,032$65,371,962$38,976,753$225,874,669
98$382,879,153$68,429,962$40,137,248$247,205,287
99$421,783,026$71,633,230$41,332,045$270,644,418
100$464,650,376$74,988,739$42,562,149$296,404,339