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%11.2%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,166,278
2 years$600,947$589,755$578,908$568,391$558,190$552,215
3 years$396,652$385,411$374,592$364,174$354,139$348,294
4 years$294,524$283,318$272,607$262,367$252,575$246,906
5 years$233,263$222,125$211,554$201,523$192,003$186,526
6 years$192,436$181,382$170,967$161,159$151,926$146,648
7 years$163,286$152,324$142,074$132,498$123,556$118,480
8 years$141,433$130,570$120,490$111,149$102,502$97,628
9 years$124,445$113,684$103,778$94,674$86,321$81,649
10 years$110,862$100,207$90,476$81,610$73,550$69,076
11 years$99,757$89,209$79,654$71,025$63,256$58,978
12 years$90,509$80,069$70,691$62,299$54,816$50,730
13 years$82,690$72,359$63,158$55,001$47,801$43,904
14 years$75,993$65,772$56,747$48,823$41,902$38,189
15 years$70,195$60,084$51,235$43,542$36,894$33,360
16 years$65,127$55,126$46,452$38,987$32,607$29,248
17 years$60,659$50,769$42,270$35,029$28,911$25,722
18 years$56,692$46,913$38,587$31,569$25,707$22,681
19 years$53,147$43,478$35,324$28,525$22,913$20,046
20 years$49,961$40,402$32,419$25,835$20,466$17,753
21 years$47,081$37,633$29,819$23,447$18,315$15,749
22 years$44,467$35,129$27,483$21,318$16,417$13,993
23 years$42,084$32,856$25,376$19,415$14,737$12,449
24 years$39,903$30,784$23,468$17,708$13,246$11,089
25 years$37,899$28,889$21,736$16,172$11,919$9,888
26 years$36,052$27,151$20,159$14,787$10,736$8,824
27 years$34,345$25,552$18,720$13,535$9,680$7,882
28 years$32,763$24,078$17,402$12,401$8,734$7,045
29 years$31,293$22,714$16,194$11,372$7,887$6,301
30 years$29,923$21,451$15,084$10,436$7,126$5,639
31 years$28,644$20,279$14,063$9,585$6,443$5,049
32 years$27,447$19,188$13,121$8,809$5,828$4,523
33 years$26,326$18,171$12,251$8,100$5,274$4,054
34 years$25,272$17,222$11,447$7,453$4,775$3,634
35 years$24,281$16,335$10,702$6,861$4,325$3,259
36 years$23,347$15,504$10,011$6,319$3,919$2,923
37 years$22,466$14,725$9,370$5,822$3,552$2,623
38 years$21,633$13,994$8,775$5,366$3,220$2,354
39 years$20,844$13,307$8,221$4,948$2,920$2,113
40 years$20,097$12,661$7,706$4,564$2,648$1,897
41 years$19,388$12,052$7,225$4,211$2,403$1,704
42 years$18,715$11,478$6,778$3,886$2,180$1,530
43 years$18,075$10,936$6,360$3,587$1,979$1,374
44 years$17,466$10,424$5,970$3,312$1,796$1,235
45 years$16,885$9,941$5,606$3,059$1,631$1,109
46 years$16,331$9,483$5,265$2,825$1,480$997
47 years$15,803$9,050$4,946$2,610$1,344$895
48 years$15,298$8,639$4,648$2,412$1,221$805
49 years$14,815$8,250$4,369$2,229$1,109$723
50 years$14,352$7,881$4,107$2,060$1,007$650

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 $6,327 every year, while hoping to spend $42,748 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: 50/44/6 Blend
50$14,700,000$14,700,000$14,700,000$14,700,000
51$16,205,926$15,426,826$15,198,976$16,991,873
52$17,813,447$16,137,257$15,662,658$18,238,155
53$19,583,503$16,881,067$16,140,441$19,586,502
54$21,532,626$17,659,845$16,632,752$21,050,560
55$23,679,035$18,475,259$17,140,031$22,641,164
56$26,042,806$19,329,055$17,662,731$24,370,210
57$28,646,059$20,223,066$18,201,319$26,250,761
58$31,513,171$21,159,210$18,756,277$28,297,164
59$34,671,002$22,139,500$19,328,101$30,525,179
60$38,149,153$23,166,043$19,917,300$32,952,121
61$41,980,238$24,241,051$20,524,402$35,597,013
62$46,200,200$25,366,841$21,149,947$38,480,763
63$50,848,645$26,545,840$21,794,495$41,626,349
64$55,969,216$27,780,595$22,458,619$45,059,029
65$61,610,006$29,073,775$23,142,913$48,806,573
66$67,824,013$30,428,176$23,847,987$52,899,509
67$74,669,636$31,846,731$24,574,468$57,371,410
68$82,211,232$33,332,513$25,323,006$62,259,194
69$90,519,717$34,888,746$26,094,266$67,603,466
70$99,673,241$36,518,807$26,888,936$73,448,887
71$109,757,920$38,226,237$27,707,724$79,844,586
72$120,868,653$40,014,748$28,551,359$86,844,611
73$133,110,017$41,888,232$29,420,591$94,508,428
74$146,597,253$43,850,769$30,316,194$102,901,465
75$161,457,351$45,906,635$31,238,965$112,095,717
76$177,830,256$48,060,316$32,189,726$122,170,415
77$195,870,181$50,316,510$33,169,321$133,212,753
78$215,747,068$52,680,147$34,178,621$145,318,696
79$237,648,188$55,156,394$35,218,524$158,593,873
80$261,779,912$57,750,666$36,289,954$173,154,552
81$288,369,658$60,468,644$37,393,862$189,128,719
82$317,668,036$63,316,280$38,531,229$206,657,272
83$349,951,216$66,299,818$39,703,065$225,895,322
84$385,523,533$69,425,802$40,910,411$247,013,645
85$424,720,361$72,701,094$42,154,337$270,200,265
86$467,911,278$76,132,888$43,435,948$295,662,209
87$515,503,557$79,728,727$44,756,381$323,627,437
88$567,946,005$83,496,521$46,116,805$354,346,965
89$625,733,208$87,444,560$47,518,428$388,097,212
90$689,410,192$91,581,540$48,962,492$425,182,577
91$759,577,572$95,916,576$50,450,276$465,938,287
92$836,897,222$100,459,227$51,983,098$510,733,529
93$922,098,523$105,219,513$53,562,316$559,974,900
94$1,015,985,247$110,207,944$55,189,328$614,110,217
95$1,119,443,146$115,435,537$56,865,575$673,632,705
96$1,233,448,314$120,913,845$58,592,538$739,085,615
97$1,359,076,401$126,654,982$60,371,747$811,067,317
98$1,497,512,768$132,671,651$62,204,775$890,236,906
99$1,650,063,678$138,977,169$64,093,243$977,320,381
100$1,818,168,625$145,585,503$66,038,819$1,073,117,454