Can I retire at age 51 with 14,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,157,291
2 years$605,035$593,767$582,846$572,257$561,987$539,027
3 years$399,350$388,033$377,140$366,651$356,548$334,225
4 years$296,528$285,245$274,461$264,151$254,293$232,780
5 years$234,850$223,636$212,993$202,894$193,309$172,667
6 years$193,746$182,615$172,130$162,256$152,959$133,210
7 years$164,396$153,360$143,041$133,399$124,397$105,546
8 years$142,395$131,458$121,310$111,905$103,199$85,242
9 years$125,291$114,458$104,484$95,319$86,909$69,833
10 years$111,617$100,889$91,092$82,165$74,050$57,840
11 years$100,435$89,816$80,196$71,509$63,686$48,322
12 years$91,125$80,614$71,172$62,723$55,189$40,649
13 years$83,252$72,851$63,587$55,375$48,126$34,386
14 years$76,510$66,220$57,133$49,155$42,187$29,222
15 years$70,673$60,493$51,584$43,838$37,144$24,928
16 years$65,570$55,501$46,768$39,252$32,828$21,333
17 years$61,072$51,114$42,557$35,268$29,108$18,305
18 years$57,078$47,232$38,849$31,783$25,881$15,742
19 years$53,509$43,774$35,565$28,719$23,069$13,563
20 years$50,301$40,677$32,639$26,011$20,605$11,706
21 years$47,402$37,889$30,022$23,606$18,439$10,116
22 years$44,770$35,368$27,670$21,463$16,528$8,753
23 years$42,370$33,079$25,548$19,547$14,837$7,581
24 years$40,174$30,993$23,628$17,828$13,336$6,572
25 years$38,157$29,085$21,884$16,282$12,000$5,702
26 years$36,298$27,336$20,296$14,887$10,809$4,950
27 years$34,579$25,726$18,847$13,627$9,745$4,299
28 years$32,986$24,241$17,521$12,485$8,793$3,736
29 years$31,506$22,869$16,305$11,449$7,940$3,248
30 years$30,126$21,597$15,187$10,507$7,175$2,825
31 years$28,839$20,417$14,158$9,650$6,486$2,458
32 years$27,634$19,318$13,210$8,869$5,867$2,139
33 years$26,505$18,295$12,334$8,155$5,310$1,862
34 years$25,444$17,339$11,524$7,504$4,808$1,621
35 years$24,446$16,446$10,775$6,908$4,354$1,411
36 years$23,506$15,610$10,079$6,362$3,945$1,229
37 years$22,618$14,826$9,434$5,861$3,576$1,071
38 years$21,780$14,090$8,835$5,403$3,242$933
39 years$20,986$13,398$8,277$4,982$2,940$813
40 years$20,234$12,747$7,758$4,595$2,666$708
41 years$19,520$12,134$7,275$4,239$2,419$617
42 years$18,843$11,556$6,824$3,912$2,195$538
43 years$18,198$11,010$6,403$3,612$1,992$469
44 years$17,585$10,495$6,011$3,335$1,808$408
45 years$17,000$10,008$5,644$3,080$1,642$356
46 years$16,442$9,547$5,301$2,845$1,491$310
47 years$15,910$9,111$4,980$2,628$1,353$270
48 years$15,402$8,698$4,680$2,429$1,229$236
49 years$14,915$8,306$4,399$2,244$1,116$205
50 years$14,450$7,934$4,135$2,075$1,014$179

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 $5,912 every year, while hoping to spend $52,297 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: 66/19/15 Blend
50$14,800,000$14,800,000$14,800,000$14,800,000
51$16,315,698$15,531,298$15,301,898$17,333,956
52$17,924,256$16,236,688$15,758,868$18,720,366
53$19,695,134$16,974,890$16,229,394$20,228,578
54$21,644,833$17,747,455$16,713,874$21,875,868
55$23,791,536$18,556,011$17,212,720$23,675,847
56$26,155,280$19,402,262$17,726,353$25,643,495
57$28,758,142$20,287,996$18,255,208$27,795,291
58$31,624,448$21,215,084$18,799,734$30,149,373
59$34,781,006$22,185,487$19,360,390$32,725,701
60$38,257,356$23,201,263$19,937,650$35,546,241
61$42,086,047$24,264,566$20,532,001$38,635,174
62$46,302,947$25,377,653$21,143,947$42,019,115
63$50,947,581$26,542,891$21,774,003$45,727,364
64$56,063,502$27,762,761$22,422,700$49,792,173
65$61,698,704$29,039,861$23,090,585$54,249,054
66$67,906,074$30,376,916$23,778,221$59,137,101
67$74,743,889$31,776,781$24,486,188$64,499,362
68$82,276,371$33,242,448$25,215,080$70,383,233
69$90,574,287$34,777,054$25,965,511$76,840,906
70$99,715,620$36,383,886$26,738,112$83,929,853
71$109,786,306$38,066,389$27,533,532$91,713,365
72$120,881,043$39,828,176$28,352,438$100,261,139
73$133,104,184$41,673,031$29,195,519$109,649,937
74$146,570,723$43,604,922$30,063,482$119,964,296
75$161,407,381$45,628,008$30,957,053$131,297,324
76$177,753,802$47,746,648$31,876,982$143,751,573
77$195,763,868$49,965,411$32,824,039$157,439,995
78$215,607,154$52,289,089$33,799,016$172,487,003
79$237,470,531$54,722,700$34,802,730$189,029,638
80$261,559,922$57,271,509$35,836,018$207,218,853
81$288,102,253$59,941,033$36,899,744$227,220,930
82$317,347,595$62,737,055$37,994,797$249,219,039
83$349,571,516$65,665,638$39,122,090$273,414,959
84$385,077,694$68,733,137$40,282,563$300,030,972
85$424,200,772$71,946,215$41,477,182$329,311,950
86$467,309,528$75,311,855$42,706,944$361,527,658
87$514,810,344$78,837,381$43,972,872$396,975,286
88$567,151,055$82,530,468$45,276,019$435,982,245
89$624,825,164$86,399,163$46,617,467$478,909,243
90$688,376,511$90,451,903$47,998,333$526,153,679
91$758,404,400$94,697,530$49,419,761$578,153,381
92$835,569,258$99,145,318$50,882,932$635,390,722
93$920,598,871$103,804,988$52,389,059$698,397,161
94$1,014,295,253$108,686,730$53,939,390$767,758,245
95$1,117,542,219$113,801,229$55,535,209$844,119,117
96$1,231,313,723$119,159,687$57,177,837$928,190,593
97$1,356,683,060$124,773,849$58,868,632$1,020,755,854
98$1,494,832,993$130,656,029$60,608,992$1,122,677,817
99$1,647,066,919$136,819,135$62,400,354$1,234,907,267
100$1,814,821,176$143,276,703$64,244,197$1,358,491,808