Can I retire at age 66 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,108,415
2 years$572,330$561,671$551,341$541,325$531,609$523,578
3 years$377,763$367,058$356,754$346,832$337,275$329,426
4 years$280,499$269,827$259,625$249,873$240,547$232,941
5 years$222,156$211,547$201,480$191,926$182,860$175,519
6 years$183,273$172,744$162,826$153,485$144,691$137,624
7 years$155,510$145,070$135,309$126,189$117,673$110,883
8 years$134,698$124,352$114,753$105,856$97,621$91,109
9 years$118,519$108,271$98,837$90,166$82,211$75,975
10 years$105,583$95,436$86,168$77,724$70,048$64,084
11 years$95,006$84,961$75,861$67,643$60,243$54,548
12 years$86,199$76,256$67,325$59,332$52,206$46,774
13 years$78,752$68,913$60,150$52,381$45,524$40,350
14 years$72,375$62,640$54,045$46,498$39,906$34,984
15 years$66,852$57,223$48,795$41,468$35,137$30,459
16 years$62,025$52,501$44,240$37,130$31,054$26,614
17 years$57,770$48,351$40,257$33,361$27,535$23,325
18 years$53,993$44,679$36,749$30,065$24,482$20,495
19 years$50,616$41,408$33,642$27,167$21,822$18,050
20 years$47,582$38,478$30,875$24,605$19,492$15,927
21 years$44,839$35,841$28,399$22,330$17,443$14,078
22 years$42,350$33,456$26,174$20,303$15,635$12,461
23 years$40,080$31,291$24,167$18,491$14,035$11,045
24 years$38,003$29,318$22,351$16,865$12,615$9,801
25 years$36,094$27,513$20,701$15,402$11,351$8,705
26 years$34,335$25,858$19,199$14,082$10,225$7,739
27 years$32,710$24,335$17,828$12,890$9,219$6,885
28 years$31,203$22,931$16,574$11,810$8,318$6,130
29 years$29,803$21,633$15,423$10,830$7,511$5,461
30 years$28,498$20,430$14,366$9,939$6,787$4,867
31 years$27,280$19,313$13,393$9,128$6,136$4,340
32 years$26,140$18,274$12,496$8,389$5,550$3,872
33 years$25,072$17,306$11,668$7,715$5,023$3,456
34 years$24,069$16,402$10,902$7,098$4,548$3,085
35 years$23,125$15,557$10,192$6,534$4,119$2,755
36 years$22,235$14,766$9,535$6,018$3,732$2,461
37 years$21,396$14,024$8,924$5,545$3,383$2,199
38 years$20,602$13,328$8,357$5,111$3,067$1,965
39 years$19,852$12,674$7,830$4,712$2,781$1,757
40 years$19,140$12,058$7,339$4,346$2,522$1,570
41 years$18,465$11,478$6,881$4,010$2,288$1,404
42 years$17,824$10,931$6,455$3,701$2,076$1,256
43 years$17,214$10,415$6,057$3,416$1,885$1,123
44 years$16,634$9,928$5,686$3,154$1,711$1,004
45 years$16,081$9,467$5,339$2,913$1,553$898
46 years$15,554$9,031$5,014$2,691$1,410$804
47 years$15,050$8,619$4,711$2,486$1,280$719
48 years$14,569$8,228$4,427$2,297$1,163$643
49 years$14,109$7,857$4,161$2,123$1,056$576
50 years$13,669$7,505$3,912$1,962$959$515

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,000,000, adding $5,997 every year, while hoping to spend $57,877 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: 73/9/18 Blend
65$14,000,000$14,000,000$14,000,000$14,000,000
66$15,434,186$14,692,186$14,475,186$16,495,568
67$16,946,892$15,350,522$14,898,524$17,859,140
68$18,611,955$16,039,177$15,334,104$19,344,828
69$20,444,853$16,759,576$15,782,275$20,970,877
70$22,462,642$17,513,210$16,243,396$22,751,216
71$24,684,118$18,301,643$16,717,836$24,701,181
72$27,129,988$19,126,513$17,205,973$26,837,656
73$29,823,071$19,989,537$17,708,198$29,179,233
74$32,788,512$20,892,512$18,224,910$31,746,384
75$36,054,018$21,837,323$18,756,523$34,561,654
76$39,650,120$22,825,944$19,303,458$37,649,867
77$43,610,460$23,860,443$19,866,152$41,038,364
78$47,972,109$24,942,987$20,445,050$44,757,257
79$52,775,918$26,075,847$21,040,613$48,839,707
80$58,066,902$27,261,403$21,653,313$53,322,239
81$63,894,662$28,502,149$22,283,636$58,245,083
82$70,313,860$29,800,696$22,932,080$63,652,551
83$77,384,727$31,159,783$23,599,158$69,593,451
84$85,173,636$32,582,280$24,285,396$76,121,546
85$93,753,727$34,071,192$24,991,338$83,296,060
86$103,205,598$35,629,671$25,717,538$91,182,231
87$113,618,063$37,261,018$26,464,569$99,851,925
88$125,088,992$38,968,695$27,233,019$109,384,311
89$137,726,235$40,756,328$28,023,492$119,866,606
90$151,648,640$42,627,716$28,836,607$131,394,891
91$166,987,171$44,586,844$29,673,003$144,075,018
92$183,886,149$46,637,886$30,533,335$158,023,603
93$202,504,610$48,785,217$31,418,277$173,369,123
94$223,017,811$51,033,422$32,328,519$190,253,126
95$245,618,876$53,387,308$33,264,773$208,831,561
96$270,520,627$55,851,912$34,227,768$229,276,246
97$297,957,588$58,432,513$35,218,256$251,776,483
98$328,188,201$61,134,645$36,237,006$276,540,846
99$361,497,263$63,964,108$37,284,811$303,799,138
100$398,198,616$66,926,982$38,362,485$333,804,557