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%11.1%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,182,643
2 years$609,123$597,778$586,784$576,124$565,784$560,229
3 years$402,048$390,655$379,688$369,128$358,957$353,522
4 years$298,531$287,173$276,316$265,936$256,011$250,738
5 years$236,437$225,147$214,432$204,264$194,615$189,520
6 years$195,055$183,849$173,293$163,352$153,993$149,081
7 years$165,507$154,396$144,007$134,301$125,237$120,513
8 years$143,357$132,346$122,130$112,661$103,896$99,359
9 years$126,138$115,231$105,190$95,963$87,496$83,145
10 years$112,371$101,571$91,707$82,721$74,551$70,384
11 years$101,114$90,422$80,738$71,992$64,116$60,131
12 years$91,740$81,158$71,653$63,146$55,562$51,755
13 years$83,815$73,343$64,017$55,749$48,451$44,818
14 years$77,027$66,667$57,519$49,488$42,472$39,010
15 years$71,150$60,902$51,932$44,134$37,395$34,100
16 years$66,013$55,876$47,084$39,517$33,050$29,917
17 years$61,484$51,460$42,845$35,506$29,305$26,328
18 years$57,464$47,551$39,112$31,998$26,056$23,232
19 years$53,870$44,070$35,805$28,913$23,225$20,548
20 years$50,640$40,952$32,860$26,186$20,745$18,210
21 years$47,722$38,145$30,225$23,766$18,564$16,167
22 years$45,072$35,607$27,857$21,609$16,640$14,375
23 years$42,657$33,303$25,721$19,679$14,937$12,798
24 years$40,446$31,202$23,787$17,949$13,426$11,409
25 years$38,415$29,282$22,032$16,392$12,081$10,180
26 years$36,543$27,520$20,434$14,988$10,882$9,093
27 years$34,813$25,900$18,974$13,719$9,811$8,128
28 years$33,209$24,405$17,639$12,569$8,853$7,271
29 years$31,718$23,023$16,415$11,526$7,994$6,509
30 years$30,330$21,743$15,290$10,578$7,223$5,829
31 years$29,034$20,555$14,254$9,715$6,530$5,224
32 years$27,821$19,449$13,299$8,929$5,907$4,683
33 years$26,684$18,418$12,418$8,211$5,346$4,200
34 years$25,616$17,456$11,602$7,554$4,840$3,769
35 years$24,611$16,557$10,847$6,954$4,384$3,382
36 years$23,665$15,715$10,147$6,405$3,972$3,037
37 years$22,771$14,926$9,498$5,901$3,600$2,727
38 years$21,927$14,185$8,894$5,439$3,264$2,449
39 years$21,128$13,488$8,333$5,015$2,960$2,201
40 years$20,371$12,833$7,811$4,626$2,685$1,977
41 years$19,652$12,216$7,324$4,268$2,435$1,777
42 years$18,970$11,634$6,870$3,939$2,210$1,597
43 years$18,321$11,085$6,447$3,636$2,006$1,436
44 years$17,703$10,566$6,051$3,357$1,821$1,291
45 years$17,115$10,076$5,682$3,100$1,653$1,161
46 years$16,553$9,612$5,337$2,864$1,501$1,044
47 years$16,018$9,173$5,014$2,646$1,363$939
48 years$15,506$8,757$4,711$2,445$1,237$845
49 years$15,016$8,362$4,428$2,260$1,124$760
50 years$14,548$7,988$4,163$2,089$1,021$683

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 $6,340 every year, while hoping to spend $27,932 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: 74/8/18 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,426,340$15,636,640$15,405,690$17,572,940
66$18,072,107$16,373,116$15,892,061$19,070,413
67$19,884,806$17,144,743$16,393,789$20,706,804
68$21,881,435$17,953,214$16,911,360$22,499,228
69$24,080,724$18,800,304$17,445,273$24,463,201
70$26,503,313$19,687,874$17,996,045$26,615,807
71$29,171,947$20,617,875$18,564,208$28,975,856
72$32,111,688$21,592,354$19,150,311$31,564,060
73$35,350,154$22,613,453$19,754,921$34,403,227
74$38,917,782$23,683,424$20,378,623$37,518,475
75$42,848,107$24,804,624$21,022,018$40,937,461
76$47,178,088$25,979,524$21,685,730$44,690,647
77$51,948,450$27,210,718$22,370,399$48,811,582
78$57,204,073$28,500,924$23,076,688$53,337,215
79$62,994,411$29,852,992$23,805,280$58,308,241
80$69,373,963$31,269,910$24,556,878$63,769,485
81$76,402,783$32,754,812$25,332,210$69,770,319
82$84,147,052$34,310,983$26,132,025$76,365,127
83$92,679,700$35,941,870$26,957,095$83,613,813
84$102,081,091$37,651,083$27,808,220$91,582,367
85$112,439,788$39,442,412$28,686,221$100,343,480
86$123,853,384$41,319,828$29,591,948$109,977,229
87$136,429,427$43,287,497$30,526,275$120,571,829
88$150,286,430$45,349,786$31,490,107$132,224,460
89$165,554,996$47,511,276$32,484,376$145,042,184
90$182,379,045$49,776,767$33,510,042$159,142,947
91$200,917,176$52,151,298$34,568,097$174,656,692
92$221,344,164$54,640,147$35,659,564$191,726,575
93$243,852,608$57,248,853$36,785,498$210,510,320
94$268,654,750$59,983,223$37,946,988$231,181,696
95$295,984,480$62,849,347$39,145,158$253,932,155
96$326,099,541$65,853,609$40,381,165$278,972,634
97$359,283,964$69,002,706$41,656,204$306,535,538
98$395,850,750$72,303,660$42,971,509$336,876,932
99$436,144,823$75,763,836$44,328,351$370,278,950
100$480,546,286$79,390,955$45,728,041$407,052,450