Can I retire at age 66 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,117,268
2 years$576,418$565,683$555,279$545,191$535,407$528,259
3 years$380,462$369,680$359,302$349,309$339,684$332,696
4 years$282,503$271,754$261,480$251,658$242,265$235,491
5 years$223,742$213,058$202,919$193,297$184,166$177,625
6 years$184,582$173,978$163,989$154,581$145,725$139,425
7 years$156,621$146,107$136,275$127,090$118,513$112,459
8 years$135,660$125,240$115,572$106,613$98,318$92,509
9 years$119,365$109,044$99,543$90,810$82,798$77,232
10 years$106,337$96,117$86,783$78,279$70,548$65,223
11 years$95,685$85,567$76,403$68,126$60,674$55,586
12 years$86,815$76,801$67,805$59,756$52,579$47,723
13 years$79,315$69,405$60,580$52,756$45,849$41,222
14 years$72,892$63,088$54,431$46,831$40,191$35,786
15 years$67,330$57,632$49,144$41,765$35,388$31,199
16 years$62,468$52,876$44,556$37,396$31,276$27,298
17 years$58,183$48,697$40,544$33,600$27,731$23,957
18 years$54,378$44,998$37,012$30,280$24,657$21,081
19 years$50,978$41,704$33,883$27,361$21,978$18,592
20 years$47,921$38,753$31,096$24,780$19,631$16,429
21 years$45,160$36,097$28,602$22,490$17,567$14,543
22 years$42,652$33,695$26,361$20,448$15,747$12,892
23 years$40,366$31,514$24,340$18,623$14,135$11,444
24 years$38,274$29,527$22,510$16,985$12,705$10,171
25 years$36,352$27,710$20,849$15,512$11,433$9,048
26 years$34,581$26,043$19,336$14,183$10,298$8,056
27 years$32,943$24,509$17,956$12,982$9,285$7,179
28 years$31,426$23,095$16,692$11,894$8,378$6,401
29 years$30,015$21,787$15,533$10,907$7,565$5,712
30 years$28,702$20,576$14,469$10,010$6,835$5,099
31 years$27,475$19,451$13,489$9,194$6,180$4,555
32 years$26,327$18,405$12,585$8,449$5,590$4,070
33 years$25,251$17,429$11,751$7,770$5,059$3,638
34 years$24,241$16,519$10,979$7,149$4,580$3,254
35 years$23,290$15,668$10,265$6,581$4,149$2,910
36 years$22,394$14,871$9,603$6,061$3,759$2,604
37 years$21,549$14,124$8,988$5,584$3,407$2,331
38 years$20,750$13,423$8,417$5,147$3,089$2,086
39 years$19,993$12,764$7,886$4,746$2,801$1,868
40 years$19,277$12,144$7,391$4,377$2,540$1,673
41 years$18,597$11,560$6,931$4,039$2,305$1,498
42 years$17,951$11,009$6,501$3,727$2,091$1,342
43 years$17,337$10,490$6,100$3,441$1,898$1,202
44 years$16,753$9,999$5,726$3,177$1,723$1,077
45 years$16,196$9,535$5,377$2,934$1,564$965
46 years$15,665$9,096$5,050$2,710$1,420$865
47 years$15,158$8,680$4,744$2,504$1,289$775
48 years$14,673$8,286$4,458$2,314$1,171$695
49 years$14,210$7,913$4,191$2,138$1,064$623
50 years$13,767$7,559$3,940$1,976$966$558

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,100,000, adding $2,590 every year, while hoping to spend $54,953 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: 39/32/29 Blend
65$14,100,000$14,100,000$14,100,000$14,100,000
66$15,540,872$14,793,572$14,575,022$16,013,240
67$17,067,571$15,459,987$15,004,815$17,025,888
68$18,748,152$16,157,215$15,447,165$18,114,913
69$20,598,252$16,886,707$15,902,434$19,291,499
70$22,635,103$17,649,985$16,370,995$20,563,677
71$24,877,691$18,448,642$16,853,231$21,940,255
72$27,346,939$19,284,349$17,349,537$23,430,904
73$30,065,898$20,158,854$17,860,318$25,046,241
74$33,059,974$21,073,991$18,385,993$26,797,925
75$36,357,156$22,031,682$18,926,989$28,698,760
76$39,988,291$23,033,939$19,483,747$30,762,809
77$43,987,366$24,082,872$20,056,723$33,005,526
78$48,391,836$25,180,691$20,646,381$35,443,888
79$53,242,971$26,329,713$21,253,203$38,096,555
80$58,586,250$27,532,364$21,877,681$40,984,035
81$64,471,786$28,791,189$22,520,322$44,128,872
82$70,954,805$30,108,853$23,181,649$47,555,852
83$78,096,158$31,488,150$23,862,198$51,292,227
84$85,962,904$32,932,008$24,562,519$55,367,965
85$94,628,938$34,443,494$25,283,181$59,816,025
86$104,175,688$36,025,824$26,024,767$64,672,658
87$114,692,887$37,682,368$26,787,875$69,977,740
88$126,279,416$39,416,658$27,573,123$75,775,139
89$139,044,238$41,232,396$28,381,144$82,113,117
90$153,107,427$43,133,461$29,212,590$89,044,778
91$168,601,304$45,123,919$30,068,131$96,628,557
92$185,671,679$47,208,033$30,948,455$104,928,757
93$204,479,232$49,390,269$31,854,271$114,016,148
94$225,201,032$51,675,310$32,786,306$123,968,619
95$248,032,199$54,068,063$33,745,310$134,871,903
96$273,187,757$56,573,671$34,732,051$146,820,368
97$300,904,654$59,197,527$35,747,321$159,917,899
98$331,444,004$61,945,281$36,791,932$174,278,857
99$365,093,552$64,822,859$37,866,720$190,029,149
100$402,170,384$67,836,469$38,972,545$207,307,394