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%18.1%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,133,768
2 years$600,947$589,755$578,908$568,391$558,190$519,839
3 years$396,652$385,411$374,592$364,174$354,139$317,071
4 years$294,524$283,318$272,607$262,367$252,575$217,073
5 years$233,263$222,125$211,554$201,523$192,003$158,163
6 years$192,436$181,382$170,967$161,159$151,926$119,775
7 years$163,286$152,324$142,074$132,498$123,556$93,091
8 years$141,433$130,570$120,490$111,149$102,502$73,700
9 years$124,445$113,684$103,778$94,674$86,321$59,149
10 years$110,862$100,207$90,476$81,610$73,550$47,965
11 years$99,757$89,209$79,654$71,025$63,256$39,209
12 years$90,509$80,069$70,691$62,299$54,816$32,256
13 years$82,690$72,359$63,158$55,001$47,801$26,670
14 years$75,993$65,772$56,747$48,823$41,902$22,141
15 years$70,195$60,084$51,235$43,542$36,894$18,443
16 years$65,127$55,126$46,452$38,987$32,607$15,404
17 years$60,659$50,769$42,270$35,029$28,911$12,895
18 years$56,692$46,913$38,587$31,569$25,707$10,815
19 years$53,147$43,478$35,324$28,525$22,913$9,084
20 years$49,961$40,402$32,419$25,835$20,466$7,640
21 years$47,081$37,633$29,819$23,447$18,315$6,432
22 years$44,467$35,129$27,483$21,318$16,417$5,420
23 years$42,084$32,856$25,376$19,415$14,737$4,571
24 years$39,903$30,784$23,468$17,708$13,246$3,857
25 years$37,899$28,889$21,736$16,172$11,919$3,257
26 years$36,052$27,151$20,159$14,787$10,736$2,751
27 years$34,345$25,552$18,720$13,535$9,680$2,325
28 years$32,763$24,078$17,402$12,401$8,734$1,965
29 years$31,293$22,714$16,194$11,372$7,887$1,661
30 years$29,923$21,451$15,084$10,436$7,126$1,405
31 years$28,644$20,279$14,063$9,585$6,443$1,188
32 years$27,447$19,188$13,121$8,809$5,828$1,005
33 years$26,326$18,171$12,251$8,100$5,274$851
34 years$25,272$17,222$11,447$7,453$4,775$720
35 years$24,281$16,335$10,702$6,861$4,325$609
36 years$23,347$15,504$10,011$6,319$3,919$516
37 years$22,466$14,725$9,370$5,822$3,552$436
38 years$21,633$13,994$8,775$5,366$3,220$369
39 years$20,844$13,307$8,221$4,948$2,920$313
40 years$20,097$12,661$7,706$4,564$2,648$265
41 years$19,388$12,052$7,225$4,211$2,403$224
42 years$18,715$11,478$6,778$3,886$2,180$190
43 years$18,075$10,936$6,360$3,587$1,979$161
44 years$17,466$10,424$5,970$3,312$1,796$136
45 years$16,885$9,941$5,606$3,059$1,631$115
46 years$16,331$9,483$5,265$2,825$1,480$97
47 years$15,803$9,050$4,946$2,610$1,344$83
48 years$15,298$8,639$4,648$2,412$1,221$70
49 years$14,815$8,250$4,369$2,229$1,109$59
50 years$14,352$7,881$4,107$2,060$1,007$50

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 $6,316 every year, while hoping to spend $58,617 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: 77/7/16 Blend
50$14,700,000$14,700,000$14,700,000$14,700,000
51$16,205,915$15,426,815$15,198,965$17,396,890
52$17,796,550$16,120,361$15,645,762$18,877,433
53$19,547,466$16,845,926$16,105,563$20,492,637
54$21,474,948$17,605,017$16,578,740$22,262,344
55$23,596,943$18,399,214$17,065,678$24,201,963
56$25,933,226$19,230,169$17,566,773$26,328,459
57$28,505,586$20,099,618$18,082,430$28,660,515
58$31,338,031$21,009,376$18,613,068$31,218,709
59$34,457,020$21,961,345$19,159,115$34,025,700
60$37,891,705$22,957,520$19,721,015$37,106,446
61$41,674,210$23,999,989$20,299,220$40,488,433
62$45,839,934$25,090,943$20,894,197$44,201,937
63$50,427,882$26,232,674$21,506,428$48,280,304
64$55,481,038$27,427,586$22,136,405$52,760,266
65$61,046,765$28,678,199$22,784,636$57,682,281
66$67,177,256$29,987,152$23,451,642$63,090,917
67$73,930,024$31,357,211$24,137,960$69,035,269
68$81,368,446$32,791,274$24,844,142$75,569,418
69$89,562,361$34,292,380$25,570,754$82,752,943
70$98,588,727$35,863,711$26,318,379$90,651,476
71$108,532,348$37,508,604$27,087,616$99,337,322
72$119,486,677$39,230,555$27,879,080$108,890,137
73$131,554,695$41,033,229$28,693,406$119,397,679
74$144,849,882$42,920,466$29,531,244$130,956,631
75$159,497,292$44,896,290$30,393,262$143,673,512
76$175,634,728$46,964,921$31,280,149$157,665,677
77$193,414,047$49,130,779$32,192,611$173,062,425
78$213,002,591$51,398,498$33,131,374$190,006,213
79$234,584,766$53,772,935$34,097,186$208,653,998
80$258,363,784$56,259,181$35,090,814$229,178,714
81$284,563,581$58,862,571$36,113,047$251,770,901
82$313,430,927$61,588,698$37,164,695$276,640,501
83$345,237,761$64,443,424$38,246,591$304,018,832
84$380,283,754$67,432,893$39,359,594$334,160,770
85$418,899,138$70,563,546$40,504,581$367,347,150
86$461,447,824$73,842,134$41,682,459$403,887,410
87$508,330,837$77,275,733$42,894,156$444,122,510
88$559,990,100$80,871,762$44,140,628$488,428,142
89$616,912,608$84,637,996$45,422,856$537,218,275
90$679,635,022$88,582,586$46,741,851$590,949,053
91$748,748,739$92,714,077$48,098,647$650,123,099
92$824,905,469$97,041,426$49,494,310$715,294,250
93$908,823,393$101,574,022$50,929,936$787,072,782
94$1,001,293,939$106,321,709$52,406,649$866,131,163
95$1,103,189,253$111,294,805$53,925,604$953,210,392
96$1,215,470,434$116,504,128$55,487,989$1,049,126,993
97$1,339,196,606$121,961,017$57,095,024$1,154,780,709
98$1,475,534,915$127,677,362$58,747,962$1,271,162,992
99$1,625,771,549$133,665,626$60,448,092$1,399,366,352
100$1,791,323,881$139,938,876$62,196,737$1,540,594,665