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%13.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,169,909
2 years$609,123$597,778$586,784$576,124$565,784$547,454
3 years$402,048$390,655$379,688$369,128$358,957$341,104
4 years$298,531$287,173$276,316$265,936$256,011$238,774
5 years$236,437$225,147$214,432$204,264$194,615$178,044
6 years$195,055$183,849$173,293$163,352$153,993$138,106
7 years$165,507$154,396$144,007$134,301$125,237$110,040
8 years$143,357$132,346$122,130$112,661$103,896$89,387
9 years$126,138$115,231$105,190$95,963$87,496$73,666
10 years$112,371$101,571$91,707$82,721$74,551$61,390
11 years$101,114$90,422$80,738$71,992$64,116$51,611
12 years$91,740$81,158$71,653$63,146$55,562$43,697
13 years$83,815$73,343$64,017$55,749$48,451$37,209
14 years$77,027$66,667$57,519$49,488$42,472$31,835
15 years$71,150$60,902$51,932$44,134$37,395$27,345
16 years$66,013$55,876$47,084$39,517$33,050$23,566
17 years$61,484$51,460$42,845$35,506$29,305$20,365
18 years$57,464$47,551$39,112$31,998$26,056$17,641
19 years$53,870$44,070$35,805$28,913$23,225$15,313
20 years$50,640$40,952$32,860$26,186$20,745$13,314
21 years$47,722$38,145$30,225$23,766$18,564$11,594
22 years$45,072$35,607$27,857$21,609$16,640$10,109
23 years$42,657$33,303$25,721$19,679$14,937$8,824
24 years$40,446$31,202$23,787$17,949$13,426$7,709
25 years$38,415$29,282$22,032$16,392$12,081$6,741
26 years$36,543$27,520$20,434$14,988$10,882$5,899
27 years$34,813$25,900$18,974$13,719$9,811$5,166
28 years$33,209$24,405$17,639$12,569$8,853$4,526
29 years$31,718$23,023$16,415$11,526$7,994$3,967
30 years$30,330$21,743$15,290$10,578$7,223$3,478
31 years$29,034$20,555$14,254$9,715$6,530$3,051
32 years$27,821$19,449$13,299$8,929$5,907$2,678
33 years$26,684$18,418$12,418$8,211$5,346$2,350
34 years$25,616$17,456$11,602$7,554$4,840$2,063
35 years$24,611$16,557$10,847$6,954$4,384$1,812
36 years$23,665$15,715$10,147$6,405$3,972$1,591
37 years$22,771$14,926$9,498$5,901$3,600$1,398
38 years$21,927$14,185$8,894$5,439$3,264$1,228
39 years$21,128$13,488$8,333$5,015$2,960$1,079
40 years$20,371$12,833$7,811$4,626$2,685$948
41 years$19,652$12,216$7,324$4,268$2,435$834
42 years$18,970$11,634$6,870$3,939$2,210$733
43 years$18,321$11,085$6,447$3,636$2,006$644
44 years$17,703$10,566$6,051$3,357$1,821$566
45 years$17,115$10,076$5,682$3,100$1,653$498
46 years$16,553$9,612$5,337$2,864$1,501$438
47 years$16,018$9,173$5,014$2,646$1,363$385
48 years$15,506$8,757$4,711$2,445$1,237$338
49 years$15,016$8,362$4,428$2,260$1,124$297
50 years$14,548$7,988$4,163$2,089$1,021$262

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 $6,116 every year, while hoping to spend $53,484 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: 58/23/19 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,426,109$15,636,409$15,405,459$17,296,116
66$18,044,665$16,345,686$15,864,635$18,596,781
67$19,826,522$17,087,926$16,337,401$20,007,725
68$21,788,279$17,864,686$16,824,156$21,544,734
69$23,948,228$18,677,600$17,325,310$23,219,975
70$26,326,525$19,528,380$17,841,285$25,046,825
71$28,945,378$20,418,818$18,372,516$27,039,998
72$31,829,261$21,350,795$18,919,450$29,215,679
73$35,005,141$22,326,279$19,482,547$31,591,668
74$38,502,734$23,347,335$20,062,281$34,187,550
75$42,354,784$24,416,126$20,659,138$37,024,871
76$46,597,373$25,534,917$21,273,620$40,127,340
77$51,270,262$26,706,085$21,906,243$43,521,044
78$56,417,264$27,932,119$22,557,538$47,234,693
79$62,086,660$29,215,627$23,228,050$51,299,881
80$68,331,652$30,559,345$23,918,342$55,751,383
81$75,210,865$31,966,138$24,628,991$60,627,477
82$82,788,904$33,439,009$25,360,593$65,970,296
83$91,136,958$34,981,107$26,113,759$71,826,222
84$100,333,477$36,595,730$26,889,119$78,246,316
85$110,464,908$38,286,338$27,687,321$85,286,794
86$121,626,514$40,056,553$28,509,032$93,009,549
87$133,923,270$41,910,176$29,354,936$101,482,729
88$147,470,857$43,851,188$30,225,740$110,781,373
89$162,396,752$45,883,764$31,122,170$120,988,107
90$178,841,430$48,012,277$32,044,971$132,193,920
91$196,959,691$50,241,315$32,994,914$144,499,013
92$216,922,123$52,575,683$33,972,787$158,013,733
93$238,916,708$55,020,419$34,979,403$172,859,607
94$263,150,599$57,580,807$36,015,601$189,170,476
95$289,852,076$60,262,382$37,082,239$207,093,754
96$319,272,696$63,070,948$38,180,203$226,791,801
97$351,689,675$66,012,588$39,310,403$248,443,447
98$387,408,498$69,093,680$40,473,777$272,245,671
99$426,765,804$72,320,910$41,671,288$298,415,441
100$470,132,567$75,701,286$42,903,927$327,191,755