Can I retire at age 66 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,158,953
2 years$609,123$597,778$586,784$576,124$565,784$536,553
3 years$402,048$390,655$379,688$369,128$358,957$330,601
4 years$298,531$287,173$276,316$265,936$256,011$228,749
5 years$236,437$225,147$214,432$204,264$194,615$168,523
6 years$195,055$183,849$173,293$163,352$153,993$129,096
7 years$165,507$154,396$144,007$134,301$125,237$101,539
8 years$143,357$132,346$122,130$112,661$103,896$81,387
9 years$126,138$115,231$105,190$95,963$87,496$66,156
10 years$112,371$101,571$91,707$82,721$74,551$54,356
11 years$101,114$90,422$80,738$71,992$64,116$45,038
12 years$91,740$81,158$71,653$63,146$55,562$37,567
13 years$83,815$73,343$64,017$55,749$48,451$31,505
14 years$77,027$66,667$57,519$49,488$42,472$26,538
15 years$71,150$60,902$51,932$44,134$37,395$22,434
16 years$66,013$55,876$47,084$39,517$33,050$19,023
17 years$61,484$51,460$42,845$35,506$29,305$16,170
18 years$57,464$47,551$39,112$31,998$26,056$13,774
19 years$53,870$44,070$35,805$28,913$23,225$11,754
20 years$50,640$40,952$32,860$26,186$20,745$10,045
21 years$47,722$38,145$30,225$23,766$18,564$8,595
22 years$45,072$35,607$27,857$21,609$16,640$7,362
23 years$42,657$33,303$25,721$19,679$14,937$6,312
24 years$40,446$31,202$23,787$17,949$13,426$5,416
25 years$38,415$29,282$22,032$16,392$12,081$4,650
26 years$36,543$27,520$20,434$14,988$10,882$3,995
27 years$34,813$25,900$18,974$13,719$9,811$3,434
28 years$33,209$24,405$17,639$12,569$8,853$2,953
29 years$31,718$23,023$16,415$11,526$7,994$2,540
30 years$30,330$21,743$15,290$10,578$7,223$2,185
31 years$29,034$20,555$14,254$9,715$6,530$1,881
32 years$27,821$19,449$13,299$8,929$5,907$1,619
33 years$26,684$18,418$12,418$8,211$5,346$1,394
34 years$25,616$17,456$11,602$7,554$4,840$1,201
35 years$24,611$16,557$10,847$6,954$4,384$1,034
36 years$23,665$15,715$10,147$6,405$3,972$891
37 years$22,771$14,926$9,498$5,901$3,600$767
38 years$21,927$14,185$8,894$5,439$3,264$661
39 years$21,128$13,488$8,333$5,015$2,960$570
40 years$20,371$12,833$7,811$4,626$2,685$491
41 years$19,652$12,216$7,324$4,268$2,435$423
42 years$18,970$11,634$6,870$3,939$2,210$365
43 years$18,321$11,085$6,447$3,636$2,006$314
44 years$17,703$10,566$6,051$3,357$1,821$271
45 years$17,115$10,076$5,682$3,100$1,653$233
46 years$16,553$9,612$5,337$2,864$1,501$201
47 years$16,018$9,173$5,014$2,646$1,363$173
48 years$15,506$8,757$4,711$2,445$1,237$149
49 years$15,016$8,362$4,428$2,260$1,124$129
50 years$14,548$7,988$4,163$2,089$1,021$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,900,000, adding $2,178 every year, while hoping to spend $26,419 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: 62/18/20 Blend
65$14,900,000$14,900,000$14,900,000$14,900,000
66$16,422,047$15,632,347$15,401,397$17,355,191
67$18,068,986$16,370,222$15,889,234$18,722,998
68$19,883,027$17,143,368$16,392,528$20,212,509
69$21,881,188$17,953,484$16,911,769$21,838,098
70$24,082,218$18,802,355$17,447,463$23,613,016
71$26,506,782$19,691,848$18,000,131$25,551,842
72$29,177,649$20,623,923$18,570,310$27,670,615
73$32,119,911$21,600,637$19,158,557$29,986,981
74$35,361,216$22,624,143$19,765,444$32,520,356
75$38,932,035$23,696,701$20,391,561$35,292,108
76$42,865,942$24,820,679$21,037,518$38,325,749
77$47,199,938$25,998,561$21,703,944$41,647,158
78$51,974,793$27,232,953$22,391,488$45,284,818
79$57,235,439$28,526,584$23,100,819$49,270,082
80$63,031,385$29,882,318$23,832,628$53,637,460
81$69,417,193$31,303,158$24,587,628$58,424,946
82$76,452,986$32,792,253$25,366,553$63,674,363
83$84,205,021$34,352,903$26,170,162$69,431,762
84$92,746,308$35,988,570$26,999,238$75,747,843
85$102,157,307$37,702,885$27,854,588$82,678,429
86$112,526,680$39,499,655$28,737,044$90,284,991
87$123,952,133$41,382,869$29,647,466$98,635,216
88$136,541,335$43,356,715$30,586,742$107,803,643
89$150,412,938$45,425,581$31,555,784$117,872,355
90$165,697,693$47,594,069$32,555,538$128,931,752
91$182,539,686$49,867,006$33,586,977$141,081,391
92$201,097,698$52,249,454$34,651,104$154,430,923
93$221,546,704$54,746,719$35,748,958$169,101,114
94$244,079,526$57,364,366$36,881,606$185,224,978
95$268,908,650$60,108,232$38,050,152$202,949,025
96$296,268,235$62,984,438$39,255,735$222,434,633
97$326,416,321$65,999,402$40,499,528$243,859,560
98$359,637,267$69,159,853$41,782,743$267,419,613
99$396,244,433$72,472,851$43,106,630$293,330,483
100$436,583,141$75,945,797$44,472,478$321,829,773