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%14.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,164,634
2 years$609,123$597,778$586,784$576,124$565,784$542,195
3 years$402,048$390,655$379,688$369,128$358,957$336,026
4 years$298,531$287,173$276,316$265,936$256,011$233,916
5 years$236,437$225,147$214,432$204,264$194,615$173,419
6 years$195,055$183,849$173,293$163,352$153,993$133,718
7 years$165,507$154,396$144,007$134,301$125,237$105,888
8 years$143,357$132,346$122,130$112,661$103,896$85,468
9 years$126,138$115,231$105,190$95,963$87,496$69,977
10 years$112,371$101,571$91,707$82,721$74,551$57,924
11 years$101,114$90,422$80,738$71,992$64,116$48,361
12 years$91,740$81,158$71,653$63,146$55,562$40,656
13 years$83,815$73,343$64,017$55,749$48,451$34,369
14 years$77,027$66,667$57,519$49,488$42,472$29,188
15 years$71,150$60,902$51,932$44,134$37,395$24,882
16 years$66,013$55,876$47,084$39,517$33,050$21,278
17 years$61,484$51,460$42,845$35,506$29,305$18,245
18 years$57,464$47,551$39,112$31,998$26,056$15,679
19 years$53,870$44,070$35,805$28,913$23,225$13,499
20 years$50,640$40,952$32,860$26,186$20,745$11,641
21 years$47,722$38,145$30,225$23,766$18,564$10,053
22 years$45,072$35,607$27,857$21,609$16,640$8,691
23 years$42,657$33,303$25,721$19,679$14,937$7,522
24 years$40,446$31,202$23,787$17,949$13,426$6,516
25 years$38,415$29,282$22,032$16,392$12,081$5,648
26 years$36,543$27,520$20,434$14,988$10,882$4,899
27 years$34,813$25,900$18,974$13,719$9,811$4,252
28 years$33,209$24,405$17,639$12,569$8,853$3,692
29 years$31,718$23,023$16,415$11,526$7,994$3,207
30 years$30,330$21,743$15,290$10,578$7,223$2,787
31 years$29,034$20,555$14,254$9,715$6,530$2,423
32 years$27,821$19,449$13,299$8,929$5,907$2,107
33 years$26,684$18,418$12,418$8,211$5,346$1,832
34 years$25,616$17,456$11,602$7,554$4,840$1,594
35 years$24,611$16,557$10,847$6,954$4,384$1,387
36 years$23,665$15,715$10,147$6,405$3,972$1,207
37 years$22,771$14,926$9,498$5,901$3,600$1,050
38 years$21,927$14,185$8,894$5,439$3,264$914
39 years$21,128$13,488$8,333$5,015$2,960$796
40 years$20,371$12,833$7,811$4,626$2,685$693
41 years$19,652$12,216$7,324$4,268$2,435$603
42 years$18,970$11,634$6,870$3,939$2,210$525
43 years$18,321$11,085$6,447$3,636$2,006$457
44 years$17,703$10,566$6,051$3,357$1,821$398
45 years$17,115$10,076$5,682$3,100$1,653$347
46 years$16,553$9,612$5,337$2,864$1,501$302
47 years$16,018$9,173$5,014$2,646$1,363$263
48 years$15,506$8,757$4,711$2,445$1,237$229
49 years$15,016$8,362$4,428$2,260$1,124$199
50 years$14,548$7,988$4,163$2,089$1,021$174

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 $6,351 every year, while hoping to spend $46,607 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: 45/41/14 Blend
64$14,900,000$14,900,000$14,900,000$14,900,000
65$16,426,351$15,636,651$15,405,701$17,099,583
66$18,052,249$16,353,257$15,872,203$18,285,537
67$19,842,427$17,103,416$16,352,770$19,565,565
68$21,813,592$17,888,720$16,847,825$20,952,561
69$23,984,154$18,710,842$17,357,802$22,456,435
70$26,374,398$19,571,535$17,883,149$24,088,066
71$29,006,679$20,472,632$18,424,327$25,859,395
72$31,905,628$21,416,059$18,981,810$27,783,534
73$35,098,389$22,403,833$19,556,088$29,874,881
74$38,614,871$23,438,067$20,147,662$32,149,250
75$42,488,032$24,520,976$20,757,053$34,624,013
76$46,754,190$25,654,883$21,384,793$37,318,256
77$51,453,366$26,842,221$22,031,433$40,252,953
78$56,629,661$28,085,541$22,697,538$43,451,151
79$62,331,672$29,387,518$23,383,690$46,938,186
80$68,612,950$30,750,954$24,090,492$50,741,904
81$75,532,507$32,178,787$24,818,559$54,892,923
82$83,155,372$33,674,097$25,568,530$59,424,909
83$91,553,203$35,240,110$26,341,059$64,374,878
84$100,804,966$36,880,212$27,136,821$69,783,545
85$110,997,679$38,597,950$27,956,511$75,695,687
86$122,227,233$40,397,040$28,800,845$82,160,560
87$134,599,297$42,281,381$29,670,559$89,232,347
88$148,230,316$44,255,059$30,566,413$96,970,661
89$163,248,608$46,322,356$31,489,188$105,441,090
90$179,795,578$48,487,764$32,439,687$114,715,806
91$198,027,050$50,755,988$33,418,741$124,874,225
92$218,114,741$53,131,963$34,427,200$136,003,748
93$240,247,878$55,620,862$35,465,945$148,200,564
94$264,634,986$58,228,109$36,535,878$161,570,546
95$291,505,856$60,959,388$37,637,932$176,230,225
96$321,113,715$63,820,660$38,773,064$192,307,881
97$353,737,616$66,818,174$39,942,263$209,944,725
98$389,685,068$69,958,480$41,146,545$229,296,217
99$429,294,947$73,248,447$42,386,956$250,533,511
100$472,940,686$76,695,275$43,664,573$273,845,045