Can I retire at age 65 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,152,422
2 years$609,123$597,778$586,784$576,124$565,784$530,093
3 years$402,048$390,655$379,688$369,128$358,957$324,418
4 years$298,531$287,173$276,316$265,936$256,011$222,890
5 years$236,437$225,147$214,432$204,264$194,615$163,001
6 years$195,055$183,849$173,293$163,352$153,993$123,914
7 years$165,507$154,396$144,007$134,301$125,237$96,692
8 years$143,357$132,346$122,130$112,661$103,896$76,868
9 years$126,138$115,231$105,190$95,963$87,496$61,955
10 years$112,371$101,571$91,707$82,721$74,551$50,462
11 years$101,114$90,422$80,738$71,992$64,116$41,437
12 years$91,740$81,158$71,653$63,146$55,562$34,247
13 years$83,815$73,343$64,017$55,749$48,451$28,451
14 years$77,027$66,667$57,519$49,488$42,472$23,735
15 years$71,150$60,902$51,932$44,134$37,395$19,869
16 years$66,013$55,876$47,084$39,517$33,050$16,679
17 years$61,484$51,460$42,845$35,506$29,305$14,034
18 years$57,464$47,551$39,112$31,998$26,056$11,831
19 years$53,870$44,070$35,805$28,913$23,225$9,990
20 years$50,640$40,952$32,860$26,186$20,745$8,447
21 years$47,722$38,145$30,225$23,766$18,564$7,151
22 years$45,072$35,607$27,857$21,609$16,640$6,059
23 years$42,657$33,303$25,721$19,679$14,937$5,138
24 years$40,446$31,202$23,787$17,949$13,426$4,360
25 years$38,415$29,282$22,032$16,392$12,081$3,702
26 years$36,543$27,520$20,434$14,988$10,882$3,144
27 years$34,813$25,900$18,974$13,719$9,811$2,672
28 years$33,209$24,405$17,639$12,569$8,853$2,272
29 years$31,718$23,023$16,415$11,526$7,994$1,932
30 years$30,330$21,743$15,290$10,578$7,223$1,643
31 years$29,034$20,555$14,254$9,715$6,530$1,398
32 years$27,821$19,449$13,299$8,929$5,907$1,189
33 years$26,684$18,418$12,418$8,211$5,346$1,012
34 years$25,616$17,456$11,602$7,554$4,840$862
35 years$24,611$16,557$10,847$6,954$4,384$733
36 years$23,665$15,715$10,147$6,405$3,972$624
37 years$22,771$14,926$9,498$5,901$3,600$532
38 years$21,927$14,185$8,894$5,439$3,264$453
39 years$21,128$13,488$8,333$5,015$2,960$385
40 years$20,371$12,833$7,811$4,626$2,685$328
41 years$19,652$12,216$7,324$4,268$2,435$279
42 years$18,970$11,634$6,870$3,939$2,210$238
43 years$18,321$11,085$6,447$3,636$2,006$203
44 years$17,703$10,566$6,051$3,357$1,821$173
45 years$17,115$10,076$5,682$3,100$1,653$147
46 years$16,553$9,612$5,337$2,864$1,501$125
47 years$16,018$9,173$5,014$2,646$1,363$107
48 years$15,506$8,757$4,711$2,445$1,237$91
49 years$15,016$8,362$4,428$2,260$1,124$77
50 years$14,548$7,988$4,163$2,089$1,021$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $14,900,000, adding $3,765 every year, while hoping to spend $25,957 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: 46/27/27 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,423,684$15,633,984$15,403,034$17,051,378
66$18,071,281$16,372,431$15,891,417$18,234,189
67$19,886,064$17,146,192$16,395,292$19,513,955
68$21,885,057$17,956,970$16,915,149$20,902,047
69$24,087,022$18,806,550$17,451,495$22,408,622
70$26,512,632$19,696,805$18,004,854$24,044,838
71$29,184,670$20,629,698$18,575,766$25,822,949
72$32,128,240$21,607,287$19,164,788$27,756,419
73$35,371,006$22,631,729$19,772,494$29,860,045
74$38,943,453$23,705,289$20,399,477$32,150,085
75$42,879,175$24,830,338$21,046,349$34,644,413
76$47,215,190$26,009,364$21,713,741$37,362,673
77$51,992,293$27,244,976$22,402,305$40,326,467
78$57,255,436$28,539,909$23,112,712$43,559,544
79$63,054,158$29,897,032$23,845,655$47,088,021
80$69,443,048$31,319,352$24,601,850$50,940,623
81$76,482,261$32,810,023$25,382,034$55,148,943
82$84,238,089$34,372,351$26,186,969$59,747,735
83$92,783,582$36,009,804$27,017,441$64,775,230
84$102,199,242$37,726,019$27,874,259$70,273,492
85$112,573,778$39,524,808$28,758,261$76,288,805
86$124,004,949$41,410,169$29,670,308$82,872,096
87$136,600,482$43,386,295$30,611,291$90,079,410
88$150,479,091$45,457,583$31,582,129$97,972,428
89$165,771,596$47,628,643$32,583,769$106,619,036
90$182,622,161$49,904,309$33,617,188$116,093,954
91$201,189,653$52,289,652$34,683,395$126,479,434
92$221,649,140$54,789,987$35,783,431$137,866,018
93$244,193,547$57,410,890$36,918,370$150,353,381
94$269,035,472$60,158,208$38,089,319$164,051,259
95$296,409,201$63,038,071$39,297,422$179,080,472
96$326,572,912$66,056,908$40,543,858$195,574,045
97$359,811,116$69,221,463$41,829,844$213,678,453
98$396,437,340$72,538,806$43,156,634$233,554,981
99$436,797,093$76,016,352$44,525,526$255,381,237
100$481,271,120$79,661,876$45,937,854$279,352,803