Can I retire at age 66 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,126,470
2 years$592,771$581,731$571,031$560,658$550,595$520,791
3 years$391,255$380,167$369,495$359,219$349,320$320,423
4 years$290,517$279,463$268,898$258,797$249,138$221,371
5 years$230,090$219,103$208,676$198,781$189,391$162,831
6 years$189,818$178,914$168,641$158,967$149,859$124,531
7 years$161,064$150,252$140,141$130,695$121,875$97,783
8 years$139,508$128,793$118,851$109,637$101,107$78,238
9 years$122,752$112,138$102,366$93,386$85,147$63,482
10 years$109,354$98,844$89,245$80,500$72,549$52,062
11 years$98,400$87,995$78,570$70,059$62,395$43,054
12 years$89,277$78,980$69,729$61,451$54,070$35,842
13 years$81,565$71,374$62,298$54,252$47,150$29,998
14 years$74,959$64,877$55,975$48,159$41,332$25,216
15 years$69,240$59,267$50,538$42,949$36,392$21,273
16 years$64,240$54,376$45,820$38,457$32,163$17,999
17 years$59,834$50,078$41,695$34,553$28,518$15,266
18 years$55,921$46,275$38,062$31,139$25,357$12,976
19 years$52,424$42,887$34,844$28,137$22,601$11,048
20 years$49,281$39,852$31,978$25,483$20,188$9,420
21 years$46,441$37,121$29,413$23,128$18,066$8,042
22 years$43,862$34,651$27,109$21,028$16,193$6,872
23 years$41,511$32,408$25,030$19,151$14,536$5,878
24 years$39,360$30,365$23,149$17,467$13,065$5,032
25 years$37,383$28,496$21,441$15,952$11,757$4,310
26 years$35,562$26,781$19,885$14,585$10,590$3,694
27 years$33,878$25,204$18,465$13,350$9,548$3,167
28 years$32,317$23,750$17,166$12,232$8,615$2,717
29 years$30,867$22,405$15,974$11,217$7,779$2,331
30 years$29,516$21,160$14,879$10,294$7,029$2,001
31 years$28,254$20,003$13,871$9,454$6,355$1,718
32 years$27,074$18,927$12,942$8,689$5,749$1,475
33 years$25,967$17,924$12,084$7,990$5,202$1,267
34 years$24,928$16,988$11,291$7,352$4,710$1,088
35 years$23,951$16,113$10,556$6,768$4,266$935
36 years$23,029$15,293$9,875$6,233$3,865$803
37 years$22,160$14,525$9,243$5,743$3,503$690
38 years$21,338$13,804$8,656$5,293$3,176$593
39 years$20,561$13,126$8,109$4,881$2,880$510
40 years$19,824$12,489$7,601$4,502$2,612$438
41 years$19,125$11,888$7,127$4,153$2,370$377
42 years$18,461$11,322$6,686$3,833$2,151$324
43 years$17,829$10,787$6,273$3,538$1,952$278
44 years$17,228$10,282$5,889$3,267$1,772$239
45 years$16,655$9,805$5,529$3,017$1,608$206
46 years$16,109$9,354$5,193$2,787$1,460$177
47 years$15,588$8,926$4,879$2,575$1,326$152
48 years$15,089$8,521$4,585$2,379$1,204$131
49 years$14,613$8,138$4,310$2,199$1,094$112
50 years$14,157$7,773$4,052$2,032$993$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,500,000, adding $4,863 every year, while hoping to spend $33,599 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: 53/21/26 Blend
65$14,500,000$14,500,000$14,500,000$14,500,000
66$15,984,016$15,215,516$14,990,766$16,715,253
67$17,578,637$15,925,327$15,457,208$17,931,287
68$19,334,783$16,668,793$15,938,149$19,250,076
69$21,268,894$17,447,527$16,434,040$20,684,596
70$23,399,086$18,263,221$16,945,346$22,245,925
71$25,745,322$19,117,648$17,472,544$23,946,244
72$28,329,599$20,012,668$18,016,129$25,798,940
73$31,176,158$20,950,228$18,576,608$27,818,739
74$34,311,709$21,932,372$19,154,508$30,021,832
75$37,765,687$22,961,242$19,750,368$32,426,028
76$41,570,527$24,039,083$20,364,746$35,050,915
77$45,761,973$25,168,250$20,998,216$37,918,044
78$50,379,411$26,351,211$21,651,373$41,051,121
79$55,466,243$27,590,553$22,324,827$44,476,230
80$61,070,299$28,888,989$23,019,207$48,222,074
81$67,244,282$30,249,362$23,735,164$52,320,235
82$74,046,274$31,674,656$24,473,367$56,805,474
83$81,540,276$33,167,996$25,234,506$61,716,046
84$89,796,816$34,732,660$26,019,294$67,094,056
85$98,893,616$36,372,085$26,828,465$72,985,853
86$108,916,321$38,089,873$27,662,775$79,442,457
87$119,959,312$39,889,803$28,523,004$86,520,034
88$132,126,594$41,775,836$29,409,957$94,280,417
89$145,532,780$43,752,125$30,324,464$102,791,685
90$160,304,168$45,823,023$31,267,378$112,128,793
91$176,579,939$47,993,098$32,239,581$122,374,275
92$194,513,469$50,267,136$33,241,983$133,619,009
93$214,273,774$52,650,157$34,275,521$145,963,069
94$236,047,108$55,147,423$35,341,160$159,516,657
95$260,038,720$57,764,454$36,439,895$174,401,135
96$286,474,793$60,507,036$37,572,756$190,750,158
97$315,604,577$63,381,236$38,740,798$208,710,924
98$347,702,744$66,393,416$39,945,115$228,445,553
99$383,071,979$69,550,249$41,186,831$250,132,604
100$422,045,838$72,858,728$42,467,107$273,968,746