Can I retire at age 51 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,146,190
2 years$600,947$589,755$578,908$568,391$558,190$532,121
3 years$396,652$385,411$374,592$364,174$354,139$328,825
4 years$294,524$283,318$272,607$262,367$252,575$228,210
5 years$233,263$222,125$211,554$201,523$192,003$168,657
6 years$192,436$181,382$170,967$161,159$151,926$129,622
7 years$163,286$152,324$142,074$132,498$123,556$102,299
8 years$141,433$130,570$120,490$111,149$102,502$82,283
9 years$124,445$113,684$103,778$94,674$86,321$67,127
10 years$110,862$100,207$90,476$81,610$73,550$55,359
11 years$99,757$89,209$79,654$71,025$63,256$46,045
12 years$90,509$80,069$70,691$62,299$54,816$38,558
13 years$82,690$72,359$63,158$55,001$47,801$32,466
14 years$75,993$65,772$56,747$48,823$41,902$27,459
15 years$70,195$60,084$51,235$43,542$36,894$23,311
16 years$65,127$55,126$46,452$38,987$32,607$19,850
17 years$60,659$50,769$42,270$35,029$28,911$16,947
18 years$56,692$46,913$38,587$31,569$25,707$14,500
19 years$53,147$43,478$35,324$28,525$22,913$12,428
20 years$49,961$40,402$32,419$25,835$20,466$10,670
21 years$47,081$37,633$29,819$23,447$18,315$9,172
22 years$44,467$35,129$27,483$21,318$16,417$7,893
23 years$42,084$32,856$25,376$19,415$14,737$6,799
24 years$39,903$30,784$23,468$17,708$13,246$5,862
25 years$37,899$28,889$21,736$16,172$11,919$5,057
26 years$36,052$27,151$20,159$14,787$10,736$4,366
27 years$34,345$25,552$18,720$13,535$9,680$3,771
28 years$32,763$24,078$17,402$12,401$8,734$3,258
29 years$31,293$22,714$16,194$11,372$7,887$2,816
30 years$29,923$21,451$15,084$10,436$7,126$2,435
31 years$28,644$20,279$14,063$9,585$6,443$2,106
32 years$27,447$19,188$13,121$8,809$5,828$1,822
33 years$26,326$18,171$12,251$8,100$5,274$1,577
34 years$25,272$17,222$11,447$7,453$4,775$1,365
35 years$24,281$16,335$10,702$6,861$4,325$1,182
36 years$23,347$15,504$10,011$6,319$3,919$1,023
37 years$22,466$14,725$9,370$5,822$3,552$886
38 years$21,633$13,994$8,775$5,366$3,220$767
39 years$20,844$13,307$8,221$4,948$2,920$664
40 years$20,097$12,661$7,706$4,564$2,648$575
41 years$19,388$12,052$7,225$4,211$2,403$498
42 years$18,715$11,478$6,778$3,886$2,180$432
43 years$18,075$10,936$6,360$3,587$1,979$374
44 years$17,466$10,424$5,970$3,312$1,796$324
45 years$16,885$9,941$5,606$3,059$1,631$281
46 years$16,331$9,483$5,265$2,825$1,480$243
47 years$15,803$9,050$4,946$2,610$1,344$211
48 years$15,298$8,639$4,648$2,412$1,221$183
49 years$14,815$8,250$4,369$2,229$1,109$158
50 years$14,352$7,881$4,107$2,060$1,007$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $14,700,000, adding $2,849 every year, while hoping to spend $40,145 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: 63/25/12 Blend
50$14,700,000$14,700,000$14,700,000$14,700,000
51$16,202,339$15,423,239$15,195,389$17,177,676
52$17,812,263$16,136,263$15,661,720$18,543,883
53$19,585,055$16,882,881$16,142,328$20,030,175
54$21,537,283$17,664,695$16,637,649$21,652,101
55$23,687,207$18,483,386$17,148,131$23,422,835
56$26,054,946$19,340,716$17,674,238$25,356,863
57$28,662,672$20,238,532$18,216,446$27,470,122
58$31,534,815$21,178,771$18,775,247$29,780,142
59$34,698,295$22,163,460$19,351,148$32,306,209
60$38,182,779$23,194,727$19,944,669$35,069,539
61$42,020,956$24,274,802$20,556,348$38,093,481
62$46,248,847$25,406,021$21,186,740$41,403,724
63$50,906,150$26,590,836$21,836,416$45,028,541
64$56,036,604$27,831,814$22,505,963$48,999,046
65$61,688,413$29,131,648$23,195,988$53,349,487
66$67,914,693$30,493,161$23,907,115$58,117,556
67$74,773,976$31,919,310$24,639,988$63,344,748
68$82,330,763$33,413,198$25,395,269$69,076,738
69$90,656,133$34,978,077$26,173,643$75,363,810
70$99,828,411$36,617,355$26,975,812$82,261,325
71$109,933,910$38,334,606$27,802,503$89,830,234
72$121,067,744$40,133,577$28,654,462$98,137,645
73$133,334,727$42,018,196$29,532,460$107,257,453
74$146,850,363$43,992,581$30,437,291$117,271,025
75$161,741,930$46,061,048$31,369,771$128,267,961
76$178,149,693$48,228,125$32,330,743$140,346,931
77$196,228,214$50,498,556$33,321,076$153,616,595
78$216,147,823$52,877,316$34,341,663$168,196,621
79$238,096,219$55,369,623$35,393,427$184,218,804
80$262,280,242$57,980,943$36,477,316$201,828,297
81$288,927,830$60,717,012$37,594,309$221,184,973
82$318,290,164$63,583,841$38,745,414$242,464,920
83$350,644,044$66,587,733$39,931,669$265,862,089
84$386,294,502$69,735,297$41,154,144$291,590,119
85$425,577,676$73,033,461$42,413,943$319,884,332
86$468,863,989$76,489,492$43,712,201$351,003,943
87$516,561,644$80,111,005$45,050,088$385,234,495
88$569,120,477$83,905,989$46,428,810$422,890,534
89$627,036,201$87,882,818$47,849,611$464,318,567
90$690,855,089$92,050,272$49,313,769$509,900,310
91$761,179,133$96,417,559$50,822,604$560,056,279
92$838,671,718$100,994,334$52,377,476$615,249,739
93$924,063,895$105,790,718$53,979,783$675,991,056
94$1,018,161,276$110,817,327$55,630,969$742,842,498
95$1,121,851,640$116,085,289$57,332,520$816,423,518
96$1,236,113,315$121,606,276$59,085,967$897,416,581
97$1,362,024,414$127,392,525$60,892,888$986,573,583
98$1,500,773,013$133,456,867$62,754,909$1,084,722,925
99$1,653,668,365$139,812,759$64,673,703$1,192,777,305
100$1,822,153,264$146,474,309$66,650,997$1,311,742,311