Can I retire at age 51 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,216,365
2 years$637,739$625,862$614,351$603,190$592,365$564,700
3 years$420,936$409,008$397,526$386,470$375,821$348,957
4 years$312,556$300,664$289,297$278,430$268,038$242,182
5 years$247,545$235,724$224,506$213,861$203,758$178,983
6 years$204,218$192,487$181,434$171,026$161,227$137,558
7 years$173,283$161,650$150,773$140,610$131,121$108,562
8 years$150,092$138,564$127,867$117,954$108,777$87,321
9 years$132,064$120,645$110,132$100,471$91,606$71,237
10 years$117,650$106,342$96,016$86,607$78,053$58,749
11 years$105,864$94,670$84,531$75,374$67,128$48,864
12 years$96,050$84,971$75,019$66,113$58,172$40,918
13 years$87,752$76,789$67,024$58,368$50,727$34,454
14 years$80,646$69,799$60,222$51,813$44,467$29,141
15 years$74,493$63,763$54,372$46,208$39,152$24,738
16 years$69,114$58,501$49,296$41,374$34,603$21,066
17 years$64,373$53,877$44,858$37,174$30,681$17,985
18 years$60,163$49,785$40,949$33,501$27,280$15,387
19 years$56,401$46,140$37,487$30,271$24,316$13,189
20 years$53,019$42,876$34,404$27,417$21,719$11,323
21 years$49,964$39,937$31,645$24,882$19,436$9,733
22 years$47,190$37,280$29,166$22,624$17,422$8,376
23 years$44,661$34,867$26,929$20,604$15,639$7,215
24 years$42,346$32,668$24,905$18,792$14,057$6,221
25 years$40,219$30,657$23,067$17,162$12,649$5,367
26 years$38,260$28,813$21,394$15,692$11,394$4,633
27 years$36,448$27,116$19,866$14,363$10,272$4,001
28 years$34,769$25,552$18,468$13,160$9,269$3,458
29 years$33,209$24,105$17,186$12,068$8,369$2,989
30 years$31,755$22,765$16,008$11,075$7,562$2,584
31 years$30,398$21,520$14,924$10,172$6,837$2,235
32 years$29,128$20,362$13,924$9,348$6,185$1,934
33 years$27,937$19,284$13,001$8,596$5,597$1,674
34 years$26,819$18,277$12,147$7,909$5,068$1,449
35 years$25,768$17,335$11,357$7,281$4,590$1,254
36 years$24,776$16,453$10,624$6,706$4,159$1,086
37 years$23,841$15,627$9,944$6,178$3,769$940
38 years$22,957$14,851$9,312$5,695$3,417$814
39 years$22,120$14,122$8,725$5,251$3,099$705
40 years$21,328$13,436$8,177$4,843$2,811$611
41 years$20,576$12,790$7,668$4,468$2,550$529
42 years$19,861$12,181$7,193$4,124$2,314$458
43 years$19,182$11,606$6,749$3,807$2,100$397
44 years$18,535$11,063$6,335$3,515$1,906$344
45 years$17,919$10,549$5,949$3,246$1,730$298
46 years$17,331$10,063$5,587$2,998$1,571$258
47 years$16,770$9,604$5,249$2,770$1,427$224
48 years$16,234$9,168$4,933$2,560$1,296$194
49 years$15,722$8,755$4,636$2,366$1,177$168
50 years$15,231$8,363$4,359$2,187$1,069$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $15,600,000, adding $6,733 every year, while hoping to spend $23,194 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: 50/32/18 Blend
50$15,600,000$15,600,000$15,600,000$15,600,000
51$17,198,145$16,371,345$16,129,545$17,971,785
52$18,927,678$17,148,863$16,645,207$19,283,983
53$20,832,845$17,963,701$17,177,365$20,706,309
54$22,931,538$18,817,665$17,726,550$22,251,571
55$25,243,470$19,712,646$18,293,305$23,931,366
56$27,790,366$20,650,628$18,878,193$25,758,436
57$30,596,166$21,633,691$19,481,794$27,746,779
58$33,687,250$22,664,017$20,104,709$29,911,772
59$37,092,687$23,743,892$20,747,555$32,270,317
60$40,844,513$24,875,715$21,410,970$34,840,989
61$44,978,030$26,062,001$22,095,614$37,644,206
62$49,532,137$27,305,387$22,802,165$40,702,413
63$54,549,703$28,608,639$23,531,326$44,040,291
64$60,077,968$29,974,658$24,283,820$47,684,976
65$66,168,988$31,406,483$25,060,395$51,666,311
66$72,880,128$32,907,304$25,861,822$56,017,119
67$80,274,605$34,480,466$26,688,897$60,773,503
68$88,422,081$36,129,474$27,542,440$65,975,176
69$97,399,322$37,858,007$28,423,301$71,665,829
70$107,290,924$39,669,922$29,332,354$77,893,532
71$118,190,112$41,569,261$30,270,501$84,711,177
72$130,199,616$43,560,267$31,238,675$92,176,966
73$143,432,643$45,647,387$32,237,837$100,354,947
74$158,013,948$47,835,284$33,268,980$109,315,612
75$174,081,008$50,128,851$34,333,128$119,136,542
76$191,785,322$52,533,216$35,431,339$129,903,132
77$211,293,840$55,053,758$36,564,704$141,709,379
78$232,790,539$57,696,119$37,734,348$154,658,760
79$256,478,159$60,466,214$38,941,435$168,865,185
80$282,580,121$63,370,249$40,187,163$184,454,066
81$311,342,631$66,414,728$41,472,770$201,563,476
82$343,037,006$69,606,476$42,799,534$220,345,439
83$377,962,236$72,952,649$44,168,774$240,967,347
84$416,447,806$76,460,751$45,581,850$263,613,518
85$458,856,807$80,138,653$47,040,167$288,486,919
86$505,589,363$83,994,609$48,545,174$315,811,059
87$557,086,409$88,037,275$50,098,368$345,832,076
88$613,833,851$92,275,730$51,701,292$378,821,040
89$676,367,158$96,719,495$53,355,540$415,076,488
90$745,276,414$101,378,556$55,062,756$454,927,213
91$821,211,887$106,263,384$56,824,637$498,735,345
92$904,890,173$111,384,964$58,642,936$546,899,740
93$997,100,957$116,754,813$60,519,460$599,859,717
94$1,098,714,468$122,385,012$62,456,076$658,099,177
95$1,210,689,697$128,288,231$64,454,708$722,151,135
96$1,334,083,450$134,477,758$66,517,344$792,602,720
97$1,470,060,323$140,967,529$68,646,036$870,100,685
98$1,619,903,698$147,772,160$70,842,901$955,357,474
99$1,785,027,860$154,906,981$73,110,123$1,049,157,911
100$1,966,991,347$162,388,068$75,449,957$1,152,366,566