Can I retire at age 51 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%16.5%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,148,847
2 years$605,035$593,767$582,846$572,257$561,987$530,645
3 years$399,350$388,033$377,140$366,651$356,548$326,171
4 years$296,528$285,245$274,461$264,151$254,293$225,114
5 years$234,850$223,636$212,993$202,894$193,309$165,410
6 years$193,746$182,615$172,130$162,256$152,959$126,366
7 years$164,396$153,360$143,041$133,399$124,397$99,111
8 years$142,395$131,458$121,310$111,905$103,199$79,208
9 years$125,291$114,458$104,484$95,319$86,909$64,191
10 years$111,617$100,889$91,092$82,165$74,050$52,578
11 years$100,435$89,816$80,196$71,509$63,686$43,425
12 years$91,125$80,614$71,172$62,723$55,189$36,104
13 years$83,252$72,851$63,587$55,375$48,126$30,176
14 years$76,510$66,220$57,133$49,155$42,187$25,331
15 years$70,673$60,493$51,584$43,838$37,144$21,340
16 years$65,570$55,501$46,768$39,252$32,828$18,030
17 years$61,072$51,114$42,557$35,268$29,108$15,270
18 years$57,078$47,232$38,849$31,783$25,881$12,960
19 years$53,509$43,774$35,565$28,719$23,069$11,018
20 years$50,301$40,677$32,639$26,011$20,605$9,380
21 years$47,402$37,889$30,022$23,606$18,439$7,995
22 years$44,770$35,368$27,670$21,463$16,528$6,822
23 years$42,370$33,079$25,548$19,547$14,837$5,826
24 years$40,174$30,993$23,628$17,828$13,336$4,979
25 years$38,157$29,085$21,884$16,282$12,000$4,258
26 years$36,298$27,336$20,296$14,887$10,809$3,644
27 years$34,579$25,726$18,847$13,627$9,745$3,119
28 years$32,986$24,241$17,521$12,485$8,793$2,671
29 years$31,506$22,869$16,305$11,449$7,940$2,288
30 years$30,126$21,597$15,187$10,507$7,175$1,961
31 years$28,839$20,417$14,158$9,650$6,486$1,681
32 years$27,634$19,318$13,210$8,869$5,867$1,441
33 years$26,505$18,295$12,334$8,155$5,310$1,235
34 years$25,444$17,339$11,524$7,504$4,808$1,059
35 years$24,446$16,446$10,775$6,908$4,354$909
36 years$23,506$15,610$10,079$6,362$3,945$779
37 years$22,618$14,826$9,434$5,861$3,576$669
38 years$21,780$14,090$8,835$5,403$3,242$574
39 years$20,986$13,398$8,277$4,982$2,940$492
40 years$20,234$12,747$7,758$4,595$2,666$422
41 years$19,520$12,134$7,275$4,239$2,419$362
42 years$18,843$11,556$6,824$3,912$2,195$311
43 years$18,198$11,010$6,403$3,612$1,992$267
44 years$17,585$10,495$6,011$3,335$1,808$229
45 years$17,000$10,008$5,644$3,080$1,642$197
46 years$16,442$9,547$5,301$2,845$1,491$169
47 years$15,910$9,111$4,980$2,628$1,353$145
48 years$15,402$8,698$4,680$2,429$1,229$124
49 years$14,915$8,306$4,399$2,244$1,116$107
50 years$14,450$7,934$4,135$2,075$1,014$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $14,800,000, adding $4,658 every year, while hoping to spend $26,402 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: 50/35/15 Blend
50$14,800,000$14,800,000$14,800,000$14,800,000
51$16,314,405$15,530,005$15,300,605$17,062,703
52$17,950,382$16,262,883$15,785,083$18,310,717
53$19,752,345$17,030,788$16,284,907$19,663,084
54$21,737,195$17,835,408$16,800,563$21,132,159
55$23,923,558$18,678,512$17,332,551$22,728,931
56$26,331,959$19,561,957$17,881,389$24,465,472
57$28,985,016$20,487,690$18,447,612$26,355,040
58$31,907,650$21,457,750$19,031,770$28,412,204
59$35,127,328$22,474,276$19,634,432$30,652,970
60$38,674,313$23,539,514$20,256,183$33,094,928
61$42,581,957$24,655,814$20,897,629$35,757,413
62$46,887,010$25,825,643$21,559,394$38,661,675
63$51,629,973$27,051,586$22,242,121$41,831,081
64$56,855,473$28,336,357$22,946,474$45,291,318
65$62,612,690$29,682,797$23,673,140$49,070,636
66$68,955,819$31,093,888$24,422,825$53,200,099
67$75,944,580$32,572,757$25,196,258$57,713,875
68$83,644,787$34,122,682$25,994,192$62,649,546
69$92,128,961$35,747,099$26,817,403$68,048,456
70$101,477,022$37,449,614$27,666,693$73,956,087
71$111,777,039$39,234,006$28,542,887$80,422,480
72$123,126,062$41,104,237$29,446,839$87,502,699
73$135,631,040$43,064,464$30,379,428$95,257,335
74$149,409,829$45,119,046$31,341,562$103,753,066
75$164,592,303$47,272,551$32,334,176$113,063,277
76$181,321,584$49,529,772$33,358,237$123,268,736
77$199,755,389$51,895,734$34,414,741$134,458,347
78$220,067,521$54,375,707$35,504,717$146,729,968
79$242,449,508$56,975,217$36,629,225$160,191,324
80$267,112,413$59,700,058$37,789,360$174,961,010
81$294,288,827$62,556,308$38,986,250$191,169,588
82$324,235,059$65,550,339$40,221,061$208,960,806
83$357,233,563$68,688,833$41,494,995$228,492,936
84$393,595,600$71,978,800$42,809,291$249,940,248
85$433,664,177$75,427,587$44,165,229$273,494,635
86$477,817,287$79,042,903$45,564,128$299,367,407
87$526,471,475$82,832,829$47,007,350$327,791,257
88$580,085,769$86,805,842$48,496,300$359,022,440
89$639,166,019$90,970,829$50,032,427$393,343,169
90$704,269,666$95,337,114$51,617,227$431,064,248
91$776,011,010$99,914,470$53,252,243$472,527,983
92$855,067,005$104,713,151$54,939,065$518,111,389
93$942,183,652$109,743,908$56,679,336$568,229,713
94$1,038,183,041$115,018,016$58,474,750$623,340,330
95$1,143,971,112$120,547,300$60,327,055$683,947,026
96$1,260,546,209$126,344,161$62,238,055$750,604,721
97$1,389,008,502$132,421,605$64,209,610$823,924,671
98$1,530,570,377$138,793,270$66,243,638$904,580,208
99$1,686,567,877$145,473,462$68,342,122$993,313,050
100$1,858,473,320$152,477,182$70,507,103$1,090,940,269