Can I retire at age 66 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,126,957
2 years$596,859$585,743$574,970$564,524$554,393$517,190
3 years$393,953$382,789$372,043$361,696$351,729$315,759
4 years$292,520$281,391$270,752$260,582$250,856$216,394
5 years$231,677$220,614$210,115$200,152$190,697$157,835
6 years$191,127$180,148$169,804$160,063$150,892$119,657
7 years$162,175$151,288$141,108$131,597$122,716$93,106
8 years$140,471$129,682$119,671$110,393$101,804$73,799
9 years$123,598$112,911$103,072$94,030$85,734$59,301
10 years$110,108$99,526$89,861$81,055$73,050$48,148
11 years$99,078$88,602$79,112$70,542$62,825$39,410
12 years$89,893$79,524$70,210$61,875$54,443$32,464
13 years$82,127$71,867$62,728$54,626$47,475$26,878
14 years$75,476$65,325$56,361$48,491$41,617$22,346
15 years$69,718$59,675$50,887$43,246$36,643$18,640
16 years$64,684$54,751$46,136$38,722$32,385$15,591
17 years$60,246$50,424$41,982$34,791$28,715$13,070
18 years$56,307$46,594$38,324$31,354$25,532$10,978
19 years$52,786$43,183$35,084$28,331$22,757$9,235
20 years$49,621$40,127$32,198$25,659$20,327$7,779
21 years$46,761$37,377$29,616$23,287$18,190$6,559
22 years$44,165$34,890$27,296$21,173$16,305$5,536
23 years$41,798$32,632$25,203$19,283$14,636$4,676
24 years$39,631$30,574$23,309$17,587$13,155$3,952
25 years$37,641$28,692$21,588$16,062$11,838$3,342
26 years$35,807$26,966$20,022$14,686$10,663$2,828
27 years$34,112$25,378$18,592$13,442$9,614$2,393
28 years$32,540$23,914$17,284$12,316$8,675$2,026
29 years$31,080$22,560$16,084$11,294$7,833$1,716
30 years$29,719$21,305$14,982$10,365$7,078$1,454
31 years$28,449$20,141$13,967$9,520$6,399$1,232
32 years$27,261$19,057$13,032$8,749$5,788$1,044
33 years$26,146$18,047$12,168$8,045$5,238$885
34 years$25,100$17,105$11,369$7,402$4,743$750
35 years$24,116$16,224$10,629$6,814$4,296$636
36 years$23,188$15,399$9,943$6,276$3,892$539
37 years$22,313$14,625$9,307$5,782$3,528$457
38 years$21,485$13,899$8,715$5,330$3,198$387
39 years$20,702$13,217$8,165$4,914$2,900$328
40 years$19,961$12,575$7,653$4,533$2,630$278
41 years$19,257$11,970$7,176$4,182$2,386$236
42 years$18,588$11,400$6,732$3,859$2,165$200
43 years$17,952$10,862$6,317$3,563$1,965$170
44 years$17,347$10,353$5,929$3,290$1,784$144
45 years$16,770$9,873$5,567$3,038$1,619$122
46 years$16,220$9,418$5,229$2,806$1,470$104
47 years$15,695$8,988$4,913$2,593$1,335$88
48 years$15,193$8,580$4,617$2,396$1,213$75
49 years$14,714$8,194$4,339$2,214$1,101$63
50 years$14,255$7,827$4,080$2,046$1,000$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,600,000, adding $2,312 every year, while hoping to spend $39,243 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: 65/27/8 Blend
65$14,600,000$14,600,000$14,600,000$14,600,000
66$16,091,585$15,317,785$15,091,485$17,112,426
67$17,691,172$16,026,602$15,555,295$18,500,946
68$19,452,602$16,768,836$16,033,328$20,012,513
69$21,392,342$17,546,083$16,526,019$21,662,935
70$23,528,535$18,360,015$17,033,815$23,465,720
71$25,881,176$19,212,387$17,557,178$25,435,724
72$28,472,298$20,105,036$18,096,586$27,589,290
73$31,326,178$21,039,888$18,652,527$29,944,395
74$34,469,570$22,018,965$19,225,509$32,520,815
75$37,931,954$23,044,382$19,816,051$35,340,309
76$41,745,815$24,118,358$20,424,690$38,426,821
77$45,946,952$25,243,221$21,051,981$41,806,698
78$50,574,811$26,421,409$21,698,492$45,508,932
79$55,672,861$27,655,477$22,364,811$49,565,434
80$61,289,004$28,948,107$23,051,543$54,011,325
81$67,476,026$30,302,107$23,759,313$58,885,262
82$74,292,093$31,720,423$24,488,763$64,229,798
83$81,801,305$33,206,142$25,240,555$70,091,777
84$90,074,296$34,762,501$26,015,371$76,522,768
85$99,188,903$36,392,893$26,813,916$83,579,544
86$109,230,903$38,100,876$27,636,913$91,324,614
87$120,294,815$39,890,179$28,485,110$99,826,803
88$132,484,800$41,764,712$29,359,275$109,161,891
89$145,915,641$43,728,575$30,260,202$119,413,323
90$160,713,826$45,786,064$31,188,709$130,672,989
91$177,018,742$47,941,687$32,145,636$143,042,076
92$194,983,991$50,200,166$33,131,851$156,632,020
93$214,778,838$52,566,455$34,148,249$171,565,545
94$236,589,815$55,045,747$35,195,751$187,977,806
95$260,622,472$57,643,485$36,275,305$206,017,663
96$287,103,326$60,365,377$37,387,889$225,849,067
97$316,281,995$63,217,410$38,534,512$247,652,597
98$348,433,552$66,205,857$39,716,212$271,627,152
99$383,861,128$69,337,297$40,934,059$297,991,818
100$422,898,769$72,618,631$42,189,156$326,987,915