Can I retire at age 66 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,108,107
2 years$580,506$569,695$559,217$549,058$539,204$514,920
3 years$383,160$372,302$361,850$351,787$342,093$318,504
4 years$284,506$273,681$263,334$253,443$243,984$221,271
5 years$225,329$214,569$204,358$194,668$185,472$163,700
6 years$185,891$175,212$165,152$155,678$146,758$125,949
7 years$157,732$147,143$137,242$127,991$119,354$99,513
8 years$136,622$126,129$116,392$107,369$99,015$80,135
9 years$120,212$109,818$100,248$91,454$83,385$65,453
10 years$107,092$96,799$87,399$78,834$71,048$54,046
11 years$96,364$86,174$76,945$68,610$61,104$45,009
12 years$87,430$77,345$68,286$60,180$52,951$37,740
13 years$79,877$69,898$61,009$53,130$46,175$31,820
14 years$73,408$63,535$54,817$47,163$40,476$26,949
15 years$67,807$58,040$49,493$42,061$35,639$22,910
16 years$62,911$53,251$44,872$37,661$31,498$19,536
17 years$58,596$49,042$40,832$33,838$27,928$16,703
18 years$54,764$45,317$37,274$30,495$24,832$14,312
19 years$51,339$41,999$34,123$27,555$22,133$12,286
20 years$48,261$39,028$31,316$24,956$19,770$10,563
21 years$45,480$36,353$28,805$22,649$17,692$9,094
22 years$42,955$33,934$26,548$20,593$15,858$7,838
23 years$40,653$31,738$24,513$18,755$14,235$6,763
24 years$38,545$29,736$22,670$17,105$12,795$5,839
25 years$36,610$27,906$20,997$15,622$11,514$5,046
26 years$34,826$26,227$19,474$14,284$10,371$4,363
27 years$33,177$24,683$18,083$13,074$9,350$3,774
28 years$31,649$23,259$16,810$11,979$8,437$3,267
29 years$30,228$21,942$15,644$10,985$7,618$2,828
30 years$28,905$20,722$14,571$10,081$6,884$2,450
31 years$27,670$19,589$13,584$9,259$6,224$2,122
32 years$26,514$18,535$12,675$8,509$5,630$1,839
33 years$25,430$17,553$11,834$7,825$5,095$1,594
34 years$24,412$16,636$11,057$7,200$4,613$1,382
35 years$23,455$15,779$10,338$6,628$4,178$1,199
36 years$22,553$14,977$9,671$6,104$3,785$1,039
37 years$21,701$14,225$9,052$5,624$3,431$902
38 years$20,897$13,518$8,476$5,184$3,110$782
39 years$20,135$12,855$7,942$4,780$2,821$678
40 years$19,414$12,230$7,444$4,408$2,558$589
41 years$18,729$11,642$6,980$4,067$2,321$511
42 years$18,079$11,087$6,547$3,754$2,106$443
43 years$17,460$10,564$6,144$3,465$1,911$385
44 years$16,872$10,070$5,767$3,199$1,735$334
45 years$16,311$9,602$5,415$2,955$1,575$290
46 years$15,776$9,160$5,086$2,729$1,430$251
47 years$15,265$8,742$4,778$2,522$1,299$218
48 years$14,777$8,345$4,490$2,330$1,179$189
49 years$14,311$7,969$4,220$2,153$1,071$164
50 years$13,864$7,612$3,968$1,990$973$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,200,000, adding $4,180 every year, while hoping to spend $47,796 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: 46/40/14 Blend
65$14,200,000$14,200,000$14,200,000$14,200,000
66$15,652,712$14,900,112$14,680,012$16,310,503
67$17,198,434$15,579,363$15,120,937$17,446,800
68$18,900,217$16,290,295$15,575,032$18,673,593
69$20,773,931$17,034,410$16,042,687$20,003,429
70$22,837,058$17,813,283$16,524,304$21,445,891
71$25,108,867$18,628,563$17,020,297$23,011,498
72$27,610,586$19,481,977$17,531,092$24,711,799
73$30,365,611$20,375,339$18,057,128$26,559,475
74$33,399,718$21,310,545$18,598,856$28,568,458
75$36,741,314$22,289,586$19,156,743$30,754,047
76$40,421,699$23,314,548$19,731,265$33,133,056
77$44,475,366$24,387,614$20,322,916$35,723,957
78$48,940,323$25,511,077$20,932,203$38,547,051
79$53,858,452$26,687,336$21,559,648$41,624,653
80$59,275,907$27,918,908$22,205,789$44,981,291
81$65,243,544$29,208,429$22,871,177$48,643,935
82$71,817,407$30,558,663$23,556,383$52,642,235
83$79,059,253$31,972,509$24,261,993$57,008,797
84$87,037,137$33,453,001$24,988,610$61,779,482
85$95,826,051$35,003,324$25,736,854$66,993,731
86$105,508,634$36,626,813$26,507,365$72,694,926
87$116,175,953$38,326,966$27,300,800$78,930,795
88$127,928,360$40,107,447$28,117,836$85,753,844
89$140,876,440$41,972,099$28,959,171$93,221,845
90$155,142,055$43,924,949$29,825,521$101,398,364
91$170,859,493$45,970,221$30,717,625$110,353,355
92$188,176,738$48,112,338$31,636,242$120,163,800
93$207,256,864$50,355,941$32,582,154$130,914,425
94$228,279,574$52,705,893$33,556,167$142,698,483
95$251,442,900$55,167,291$34,559,108$155,618,618
96$276,965,068$57,745,480$35,591,830$169,787,820
97$305,086,559$60,446,063$36,655,211$185,330,471
98$336,072,381$63,274,913$37,750,153$202,383,506
99$370,214,566$66,238,186$38,877,586$221,097,679
100$407,834,933$69,342,338$40,038,466$241,638,973