Can I retire at age 66 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,174,212
2 years$605,035$593,767$582,846$572,257$561,987$555,972
3 years$399,350$388,033$377,140$366,651$356,548$350,664
4 years$296,528$285,245$274,461$264,151$254,293$248,585
5 years$234,850$223,636$212,993$202,894$193,309$187,795
6 years$193,746$182,615$172,130$162,256$152,959$147,646
7 years$164,396$153,360$143,041$133,399$124,397$119,286
8 years$142,395$131,458$121,310$111,905$103,199$98,292
9 years$125,291$114,458$104,484$95,319$86,909$82,204
10 years$111,617$100,889$91,092$82,165$74,050$69,546
11 years$100,435$89,816$80,196$71,509$63,686$59,379
12 years$91,125$80,614$71,172$62,723$55,189$51,076
13 years$83,252$72,851$63,587$55,375$48,126$44,202
14 years$76,510$66,220$57,133$49,155$42,187$38,449
15 years$70,673$60,493$51,584$43,838$37,144$33,587
16 years$65,570$55,501$46,768$39,252$32,828$29,447
17 years$61,072$51,114$42,557$35,268$29,108$25,897
18 years$57,078$47,232$38,849$31,783$25,881$22,836
19 years$53,509$43,774$35,565$28,719$23,069$20,183
20 years$50,301$40,677$32,639$26,011$20,605$17,874
21 years$47,402$37,889$30,022$23,606$18,439$15,856
22 years$44,770$35,368$27,670$21,463$16,528$14,088
23 years$42,370$33,079$25,548$19,547$14,837$12,534
24 years$40,174$30,993$23,628$17,828$13,336$11,164
25 years$38,157$29,085$21,884$16,282$12,000$9,955
26 years$36,298$27,336$20,296$14,887$10,809$8,884
27 years$34,579$25,726$18,847$13,627$9,745$7,936
28 years$32,986$24,241$17,521$12,485$8,793$7,093
29 years$31,506$22,869$16,305$11,449$7,940$6,344
30 years$30,126$21,597$15,187$10,507$7,175$5,678
31 years$28,839$20,417$14,158$9,650$6,486$5,084
32 years$27,634$19,318$13,210$8,869$5,867$4,554
33 years$26,505$18,295$12,334$8,155$5,310$4,081
34 years$25,444$17,339$11,524$7,504$4,808$3,659
35 years$24,446$16,446$10,775$6,908$4,354$3,281
36 years$23,506$15,610$10,079$6,362$3,945$2,943
37 years$22,618$14,826$9,434$5,861$3,576$2,641
38 years$21,780$14,090$8,835$5,403$3,242$2,370
39 years$20,986$13,398$8,277$4,982$2,940$2,127
40 years$20,234$12,747$7,758$4,595$2,666$1,910
41 years$19,520$12,134$7,275$4,239$2,419$1,715
42 years$18,843$11,556$6,824$3,912$2,195$1,540
43 years$18,198$11,010$6,403$3,612$1,992$1,384
44 years$17,585$10,495$6,011$3,335$1,808$1,243
45 years$17,000$10,008$5,644$3,080$1,642$1,117
46 years$16,442$9,547$5,301$2,845$1,491$1,003
47 years$15,910$9,111$4,980$2,628$1,353$902
48 years$15,402$8,698$4,680$2,429$1,229$810
49 years$14,915$8,306$4,399$2,244$1,116$728
50 years$14,450$7,934$4,135$2,075$1,014$654

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,800,000, adding $4,910 every year, while hoping to spend $44,854 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: 58/14/28 Blend
65$14,800,000$14,800,000$14,800,000$14,800,000
66$16,314,665$15,530,265$15,300,865$17,135,838
67$17,931,036$16,243,523$15,765,719$18,412,207
68$19,710,774$16,990,228$16,244,643$19,798,110
69$21,670,495$17,771,971$16,738,061$21,308,394
70$23,828,508$18,590,420$17,246,408$22,955,133
71$26,204,988$19,447,323$17,770,135$24,751,609
72$28,822,167$20,344,512$18,309,705$26,712,436
73$31,704,543$21,283,908$18,865,595$28,853,690
74$34,879,110$22,267,524$19,438,296$31,193,066
75$38,375,616$23,297,469$20,028,316$33,750,031
76$42,226,838$24,375,954$20,636,174$36,546,012
77$46,468,898$25,505,299$21,262,408$39,604,592
78$51,141,598$26,687,931$21,907,571$42,951,728
79$56,288,799$27,926,397$22,572,232$46,615,993
80$61,958,833$29,223,367$23,256,979$50,628,841
81$68,204,961$30,581,639$23,962,415$55,024,901
82$75,085,873$32,004,146$24,689,162$59,842,295
83$82,666,245$33,493,961$25,437,861$65,122,999
84$91,017,345$35,054,308$26,209,173$70,913,229
85$100,217,710$36,688,566$27,003,776$77,263,876
86$110,353,886$38,400,275$27,822,372$84,230,979
87$121,521,241$40,193,147$28,665,680$91,876,248
88$133,824,872$42,071,075$29,534,444$100,267,642
89$147,380,589$44,038,138$30,429,428$109,480,005
90$162,316,015$46,098,613$31,351,420$119,595,764
91$178,771,786$48,256,983$32,301,231$130,705,701
92$196,902,882$50,517,948$33,279,696$142,909,804
93$216,880,086$52,886,437$34,287,675$156,318,205
94$238,891,597$55,367,615$35,326,054$171,052,208
95$263,144,809$57,966,897$36,395,746$187,245,431
96$289,868,266$60,689,962$37,497,690$205,045,056
97$319,313,820$63,542,761$38,632,854$224,613,211
98$351,759,009$66,531,536$39,802,234$246,128,492
99$387,509,676$69,662,829$41,006,857$269,787,640
100$426,902,855$72,943,500$42,247,779$295,807,387