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%19.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,136,041
2 years$605,035$593,767$582,846$572,257$561,987$518,031
3 years$399,350$388,033$377,140$366,651$356,548$314,149
4 years$296,528$285,245$274,461$264,151$254,293$213,775
5 years$234,850$223,636$212,993$202,894$193,309$154,778
6 years$193,746$182,615$172,130$162,256$152,959$116,441
7 years$164,396$153,360$143,041$133,399$124,397$89,881
8 years$142,395$131,458$121,310$111,905$103,199$70,655
9 years$125,291$114,458$104,484$95,319$86,909$56,290
10 years$111,617$100,889$91,092$82,165$74,050$45,302
11 years$100,435$89,816$80,196$71,509$63,686$36,745
12 years$91,125$80,614$71,172$62,723$55,189$29,987
13 years$83,252$72,851$63,587$55,375$48,126$24,592
14 years$76,510$66,220$57,133$49,155$42,187$20,246
15 years$70,673$60,493$51,584$43,838$37,144$16,721
16 years$65,570$55,501$46,768$39,252$32,828$13,845
17 years$61,072$51,114$42,557$35,268$29,108$11,488
18 years$57,078$47,232$38,849$31,783$25,881$9,549
19 years$53,509$43,774$35,565$28,719$23,069$7,948
20 years$50,301$40,677$32,639$26,011$20,605$6,623
21 years$47,402$37,889$30,022$23,606$18,439$5,525
22 years$44,770$35,368$27,670$21,463$16,528$4,612
23 years$42,370$33,079$25,548$19,547$14,837$3,853
24 years$40,174$30,993$23,628$17,828$13,336$3,220
25 years$38,157$29,085$21,884$16,282$12,000$2,693
26 years$36,298$27,336$20,296$14,887$10,809$2,253
27 years$34,579$25,726$18,847$13,627$9,745$1,885
28 years$32,986$24,241$17,521$12,485$8,793$1,578
29 years$31,506$22,869$16,305$11,449$7,940$1,321
30 years$30,126$21,597$15,187$10,507$7,175$1,106
31 years$28,839$20,417$14,158$9,650$6,486$927
32 years$27,634$19,318$13,210$8,869$5,867$776
33 years$26,505$18,295$12,334$8,155$5,310$650
34 years$25,444$17,339$11,524$7,504$4,808$545
35 years$24,446$16,446$10,775$6,908$4,354$456
36 years$23,506$15,610$10,079$6,362$3,945$383
37 years$22,618$14,826$9,434$5,861$3,576$321
38 years$21,780$14,090$8,835$5,403$3,242$269
39 years$20,986$13,398$8,277$4,982$2,940$225
40 years$20,234$12,747$7,758$4,595$2,666$189
41 years$19,520$12,134$7,275$4,239$2,419$158
42 years$18,843$11,556$6,824$3,912$2,195$133
43 years$18,198$11,010$6,403$3,612$1,992$111
44 years$17,585$10,495$6,011$3,335$1,808$93
45 years$17,000$10,008$5,644$3,080$1,642$78
46 years$16,442$9,547$5,301$2,845$1,491$65
47 years$15,910$9,111$4,980$2,628$1,353$55
48 years$15,402$8,698$4,680$2,429$1,229$46
49 years$14,915$8,306$4,399$2,244$1,116$39
50 years$14,450$7,934$4,135$2,075$1,014$32

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 $6,640 every year, while hoping to spend $53,548 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: 46/33/21 Blend
50$14,800,000$14,800,000$14,800,000$14,800,000
51$16,316,449$15,532,049$15,302,649$16,968,594
52$17,923,752$16,236,145$15,758,313$18,130,476
53$19,693,206$16,972,947$16,227,447$19,384,450
54$21,641,292$17,744,000$16,710,446$20,743,847
55$23,786,174$18,550,926$17,207,716$22,218,523
56$26,147,864$19,395,422$17,719,675$23,819,301
57$28,748,414$20,279,266$18,246,752$25,558,069
58$31,612,125$21,204,323$18,789,391$27,447,887
59$34,765,773$22,172,545$19,348,047$29,503,103
60$38,238,863$23,185,981$19,923,187$31,739,485
61$42,063,907$24,246,775$20,515,295$34,174,361
62$46,276,734$25,357,176$21,124,866$36,826,779
63$50,916,822$26,519,538$21,752,410$39,717,678
64$56,027,675$27,736,332$22,398,452$42,870,080
65$61,657,231$29,010,146$23,063,533$46,309,299
66$67,858,315$30,343,690$23,748,209$50,063,172
67$74,689,140$31,739,807$24,453,050$54,162,317
68$82,213,851$33,201,476$25,178,646$58,640,410
69$90,503,134$34,731,819$25,925,601$63,534,495
70$99,634,884$36,334,108$26,694,539$68,885,325
71$109,694,936$38,011,773$27,486,100$74,737,741
72$120,777,878$39,768,409$28,300,943$81,141,076
73$132,987,943$41,607,782$29,139,745$88,149,622
74$146,439,992$43,533,842$30,003,206$95,823,121
75$161,260,599$45,550,729$30,892,042$104,227,327
76$177,589,246$47,662,780$31,806,991$113,434,606
77$195,579,637$49,874,544$32,748,813$123,524,615
78$215,401,151$52,190,788$33,718,289$134,585,034
79$237,240,440$54,616,508$34,716,223$146,712,386
80$261,303,189$57,156,941$35,743,441$160,012,930
81$287,816,063$59,817,580$36,800,794$174,603,652
82$317,028,837$62,604,177$37,889,157$190,613,350
83$349,216,765$65,522,768$39,009,430$208,183,840
84$384,683,166$68,579,675$40,162,537$227,471,272
85$423,762,299$71,781,529$41,349,432$248,647,589
86$466,822,509$75,135,280$42,571,094$271,902,132
87$514,269,709$78,648,212$43,828,530$297,443,407
88$566,551,210$82,327,965$45,122,775$325,501,035
89$624,159,942$86,182,544$46,454,897$356,327,894
90$687,639,111$90,220,343$47,825,991$390,202,491
91$757,587,323$94,450,163$49,237,184$427,431,563
92$834,664,237$98,881,228$50,689,637$468,352,949
93$919,596,790$103,523,209$52,184,541$513,338,756
94$1,013,186,064$108,386,247$53,723,124$562,798,843
95$1,116,314,841$113,480,972$55,306,647$617,184,667
96$1,229,955,943$118,818,528$56,936,408$676,993,508
97$1,355,181,412$124,410,599$58,613,741$742,773,143
98$1,493,172,633$130,269,435$60,340,019$815,126,977
99$1,645,231,485$136,407,881$62,116,652$894,719,711
100$1,812,792,629$142,839,400$63,945,093$982,283,582