Can I retire at age 51 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,166,544
2 years$609,123$597,778$586,784$576,124$565,784$544,097
3 years$402,048$390,655$379,688$369,128$358,957$337,861
4 years$298,531$287,173$276,316$265,936$256,011$235,669
5 years$236,437$225,147$214,432$204,264$194,615$175,085
6 years$195,055$183,849$173,293$163,352$153,993$135,296
7 years$165,507$154,396$144,007$134,301$125,237$107,380
8 years$143,357$132,346$122,130$112,661$103,896$86,873
9 years$126,138$115,231$105,190$95,963$87,496$71,297
10 years$112,371$101,571$91,707$82,721$74,551$59,162
11 years$101,114$90,422$80,738$71,992$64,116$49,520
12 years$91,740$81,158$71,653$63,146$55,562$41,738
13 years$83,815$73,343$64,017$55,749$48,451$35,377
14 years$77,027$66,667$57,519$49,488$42,472$30,126
15 years$71,150$60,902$51,932$44,134$37,395$25,752
16 years$66,013$55,876$47,084$39,517$33,050$22,085
17 years$61,484$51,460$42,845$35,506$29,305$18,990
18 years$57,464$47,551$39,112$31,998$26,056$16,367
19 years$53,870$44,070$35,805$28,913$23,225$14,134
20 years$50,640$40,952$32,860$26,186$20,745$12,225
21 years$47,722$38,145$30,225$23,766$18,564$10,589
22 years$45,072$35,607$27,857$21,609$16,640$9,183
23 years$42,657$33,303$25,721$19,679$14,937$7,973
24 years$40,446$31,202$23,787$17,949$13,426$6,928
25 years$38,415$29,282$22,032$16,392$12,081$6,024
26 years$36,543$27,520$20,434$14,988$10,882$5,242
27 years$34,813$25,900$18,974$13,719$9,811$4,565
28 years$33,209$24,405$17,639$12,569$8,853$3,976
29 years$31,718$23,023$16,415$11,526$7,994$3,466
30 years$30,330$21,743$15,290$10,578$7,223$3,022
31 years$29,034$20,555$14,254$9,715$6,530$2,635
32 years$27,821$19,449$13,299$8,929$5,907$2,299
33 years$26,684$18,418$12,418$8,211$5,346$2,006
34 years$25,616$17,456$11,602$7,554$4,840$1,751
35 years$24,611$16,557$10,847$6,954$4,384$1,529
36 years$23,665$15,715$10,147$6,405$3,972$1,335
37 years$22,771$14,926$9,498$5,901$3,600$1,165
38 years$21,927$14,185$8,894$5,439$3,264$1,018
39 years$21,128$13,488$8,333$5,015$2,960$889
40 years$20,371$12,833$7,811$4,626$2,685$777
41 years$19,652$12,216$7,324$4,268$2,435$678
42 years$18,970$11,634$6,870$3,939$2,210$593
43 years$18,321$11,085$6,447$3,636$2,006$518
44 years$17,703$10,566$6,051$3,357$1,821$453
45 years$17,115$10,076$5,682$3,100$1,653$395
46 years$16,553$9,612$5,337$2,864$1,501$346
47 years$16,018$9,173$5,014$2,646$1,363$302
48 years$15,506$8,757$4,711$2,445$1,237$264
49 years$15,016$8,362$4,428$2,260$1,124$231
50 years$14,548$7,988$4,163$2,089$1,021$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $14,900,000, adding $5,604 every year, while hoping to spend $59,329 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: 46/37/17 Blend
50$14,900,000$14,900,000$14,900,000$14,900,000
51$16,425,581$15,635,881$15,404,931$17,101,370
52$18,037,864$16,338,913$15,857,870$18,275,991
53$19,812,612$17,074,406$16,323,995$19,543,149
54$21,766,334$17,843,887$16,803,683$20,916,612
55$23,917,219$18,648,956$17,297,326$22,406,291
56$26,285,312$19,491,292$17,805,323$24,023,067
57$28,892,699$20,372,651$18,328,087$25,778,892
58$31,763,718$21,294,874$18,866,042$27,686,892
59$34,925,186$22,259,892$19,419,623$29,761,486
60$38,406,653$23,269,724$19,989,278$32,018,518
61$42,240,681$24,326,491$20,575,469$34,475,398
62$46,463,152$25,432,409$21,178,668$37,151,258
63$51,113,603$26,589,807$21,799,362$40,067,130
64$56,235,603$27,801,120$22,438,053$43,246,134
65$61,877,162$29,068,902$23,095,256$46,713,688
66$68,091,184$30,395,830$23,771,498$50,497,744
67$74,935,966$31,784,708$24,467,326$54,629,037
68$82,475,751$33,238,474$25,183,297$59,141,371
69$90,781,327$34,760,209$25,919,987$64,071,928
70$99,930,703$36,353,140$26,677,987$69,461,609
71$110,009,840$38,020,649$27,457,905$75,355,410
72$121,113,465$39,766,282$28,260,366$81,802,834
73$133,345,962$41,593,754$29,086,012$88,858,351
74$146,822,360$43,506,957$29,935,503$96,581,899
75$161,669,416$45,509,974$30,809,518$105,039,438
76$178,026,814$47,607,080$31,708,755$114,303,559
77$196,048,481$49,802,759$32,633,930$124,454,156
78$215,904,040$52,101,709$33,585,781$135,579,168
79$237,780,413$54,508,853$34,565,065$147,775,395
80$261,883,582$57,029,353$35,572,561$161,149,392
81$288,440,535$59,668,620$36,609,070$175,818,466
82$317,701,410$62,432,322$37,675,414$191,911,761
83$349,941,852$65,326,404$38,772,439$209,571,465
84$385,465,619$68,357,096$39,901,013$228,954,128
85$424,607,445$71,530,926$41,062,030$250,232,125
86$467,736,204$74,854,741$42,256,407$273,595,266
87$515,258,388$78,335,715$43,485,089$299,252,559
88$567,621,948$81,981,369$44,749,043$327,434,169
89$625,320,518$85,799,587$46,049,267$358,393,566
90$688,898,077$89,798,634$47,386,784$392,409,890
91$758,954,086$93,987,172$48,762,647$429,790,569
92$836,149,142$98,374,283$50,177,935$470,874,187
93$921,211,219$102,969,487$51,633,760$516,033,659
94$1,014,942,536$107,782,765$53,131,264$565,679,721
95$1,118,227,133$112,824,578$54,671,619$620,264,778
96$1,232,039,212$118,105,894$56,256,030$680,287,141
97$1,357,452,340$123,638,212$57,885,736$746,295,705
98$1,495,649,579$129,433,584$59,562,008$818,895,088
99$1,647,934,655$135,504,649$61,286,154$898,751,310
100$1,815,744,267$141,864,653$63,059,517$986,598,043