Can I retire at age 66 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,075,943
2 years$568,242$557,659$547,403$537,458$527,812$495,370
3 years$375,065$364,436$354,206$344,355$334,866$303,460
4 years$278,495$267,899$257,771$248,088$238,829$208,701
5 years$220,569$210,036$200,041$190,555$181,554$152,786
6 years$181,964$171,510$161,663$152,389$143,658$116,275
7 years$154,399$144,034$134,343$125,287$116,832$90,835
8 years$133,736$123,464$113,933$105,100$96,923$72,297
9 years$117,672$107,498$98,131$89,522$81,624$58,342
10 years$104,829$94,754$85,552$77,169$69,547$47,578
11 years$94,328$84,354$75,319$67,160$59,813$39,120
12 years$85,583$75,711$66,844$58,908$51,833$32,374
13 years$78,190$68,421$59,720$52,007$45,199$26,932
14 years$71,858$62,193$53,659$46,166$39,621$22,499
15 years$66,375$56,814$48,447$41,172$34,886$18,860
16 years$61,582$52,126$43,924$36,865$30,832$15,855
17 years$57,358$48,006$39,969$33,123$27,338$13,360
18 years$53,607$44,360$36,487$29,851$24,308$11,280
19 years$50,255$41,112$33,402$26,973$21,666$9,539
20 years$47,242$38,203$30,655$24,429$19,352$8,078
21 years$44,519$35,585$28,196$22,171$17,318$6,849
22 years$42,047$33,217$25,987$20,158$15,523$5,812
23 years$39,794$31,067$23,995$18,359$13,935$4,936
24 years$37,731$29,108$22,191$16,744$12,525$4,196
25 years$35,836$27,317$20,553$15,292$11,270$3,568
26 years$34,090$25,673$19,062$13,982$10,152$3,036
27 years$32,476$24,161$17,701$12,798$9,153$2,584
28 years$30,980$22,767$16,455$11,726$8,259$2,200
29 years$29,590$21,478$15,313$10,753$7,457$1,874
30 years$28,294$20,284$14,264$9,868$6,738$1,597
31 years$27,085$19,175$13,297$9,063$6,092$1,361
32 years$25,954$18,144$12,407$8,329$5,511$1,160
33 years$24,893$17,182$11,584$7,660$4,987$989
34 years$23,897$16,285$10,824$7,047$4,515$843
35 years$22,960$15,446$10,119$6,488$4,090$719
36 years$22,076$14,660$9,466$5,975$3,705$613
37 years$21,243$13,924$8,860$5,505$3,358$523
38 years$20,455$13,233$8,297$5,074$3,045$446
39 years$19,710$12,583$7,774$4,679$2,761$380
40 years$19,003$11,972$7,286$4,315$2,504$324
41 years$18,333$11,396$6,832$3,981$2,272$277
42 years$17,697$10,853$6,409$3,674$2,062$236
43 years$17,091$10,341$6,014$3,392$1,871$201
44 years$16,515$9,857$5,645$3,132$1,698$172
45 years$15,966$9,400$5,301$2,892$1,542$147
46 years$15,442$8,967$4,978$2,672$1,400$125
47 years$14,943$8,557$4,677$2,468$1,271$107
48 years$14,465$8,169$4,395$2,281$1,154$91
49 years$14,008$7,801$4,131$2,108$1,048$78
50 years$13,571$7,452$3,884$1,948$952$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,900,000, adding $6,471 every year, while hoping to spend $51,972 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: 38/42/20 Blend
65$13,900,000$13,900,000$13,900,000$13,900,000
66$15,324,475$14,587,775$14,372,325$15,814,678
67$16,832,273$15,247,278$14,798,500$16,828,830
68$18,492,126$15,937,355$15,237,210$17,918,741
69$20,319,486$16,659,449$15,688,820$19,095,573
70$22,331,384$17,415,072$16,153,706$20,367,202
71$24,546,583$18,205,809$16,632,253$21,742,264
72$26,985,762$19,033,320$17,124,860$23,230,231
73$29,671,702$19,899,345$17,631,936$24,841,495
74$32,629,510$20,805,708$18,153,900$26,587,461
75$35,886,850$21,754,318$18,691,186$28,480,643
76$39,474,206$22,747,177$19,244,238$30,534,781
77$43,425,170$23,786,383$19,813,515$32,764,962
78$47,776,757$24,874,136$20,399,488$35,187,752
79$52,569,756$26,012,738$21,002,640$37,821,347
80$57,849,114$27,204,605$21,623,471$40,685,736
81$63,664,359$28,452,266$22,262,493$43,802,881
82$70,070,070$29,758,374$22,920,233$47,196,914
83$77,126,390$31,125,707$23,597,233$50,894,357
84$84,899,593$32,557,178$24,294,053$54,924,363
85$93,462,713$34,055,841$25,011,264$59,318,978
86$102,896,226$35,624,893$25,749,458$64,113,435
87$113,288,817$37,267,690$26,509,241$69,346,474
88$124,738,214$38,987,744$27,291,238$75,060,698
89$137,352,108$40,788,740$28,096,091$81,302,959
90$151,249,174$42,674,538$28,924,461$88,124,791
91$166,560,185$44,649,186$29,777,026$95,582,880
92$183,429,253$46,716,925$30,654,485$103,739,588
93$202,015,183$48,882,201$31,557,557$112,663,525
94$222,492,977$51,149,674$32,486,980$122,430,178
95$245,055,482$53,524,229$33,443,515$133,122,616
96$269,915,211$56,010,987$34,427,942$144,832,247
97$297,306,350$58,615,313$35,441,067$157,659,670
98$327,486,970$61,342,835$36,483,714$171,715,604
99$360,741,456$64,199,449$37,556,734$187,121,915
100$397,383,201$67,191,339$38,661,001$204,012,741