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%19%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,198,875
2 years$637,739$625,862$614,351$603,190$592,365$547,432
3 years$420,936$409,008$397,526$386,470$375,821$332,458
4 years$312,556$300,664$289,297$278,430$268,038$226,577
5 years$247,545$235,724$224,506$213,861$203,758$164,306
6 years$204,218$192,487$181,434$171,026$161,227$123,813
7 years$173,283$161,650$150,773$140,610$131,121$95,736
8 years$150,092$138,564$127,867$117,954$108,777$75,391
9 years$132,064$120,645$110,132$100,471$91,606$60,174
10 years$117,650$106,342$96,016$86,607$78,053$48,520
11 years$105,864$94,670$84,531$75,374$67,128$39,432
12 years$96,050$84,971$75,019$66,113$58,172$32,245
13 years$87,752$76,789$67,024$58,368$50,727$26,498
14 years$80,646$69,799$60,222$51,813$44,467$21,861
15 years$74,493$63,763$54,372$46,208$39,152$18,093
16 years$69,114$58,501$49,296$41,374$34,603$15,014
17 years$64,373$53,877$44,858$37,174$30,681$12,485
18 years$60,163$49,785$40,949$33,501$27,280$10,401
19 years$56,401$46,140$37,487$30,271$24,316$8,677
20 years$53,019$42,876$34,404$27,417$21,719$7,248
21 years$49,964$39,937$31,645$24,882$19,436$6,060
22 years$47,190$37,280$29,166$22,624$17,422$5,071
23 years$44,661$34,867$26,929$20,604$15,639$4,246
24 years$42,346$32,668$24,905$18,792$14,057$3,557
25 years$40,219$30,657$23,067$17,162$12,649$2,982
26 years$38,260$28,813$21,394$15,692$11,394$2,501
27 years$36,448$27,116$19,866$14,363$10,272$2,098
28 years$34,769$25,552$18,468$13,160$9,269$1,760
29 years$33,209$24,105$17,186$12,068$8,369$1,477
30 years$31,755$22,765$16,008$11,075$7,562$1,240
31 years$30,398$21,520$14,924$10,172$6,837$1,041
32 years$29,128$20,362$13,924$9,348$6,185$874
33 years$27,937$19,284$13,001$8,596$5,597$734
34 years$26,819$18,277$12,147$7,909$5,068$617
35 years$25,768$17,335$11,357$7,281$4,590$518
36 years$24,776$16,453$10,624$6,706$4,159$435
37 years$23,841$15,627$9,944$6,178$3,769$366
38 years$22,957$14,851$9,312$5,695$3,417$307
39 years$22,120$14,122$8,725$5,251$3,099$258
40 years$21,328$13,436$8,177$4,843$2,811$217
41 years$20,576$12,790$7,668$4,468$2,550$182
42 years$19,861$12,181$7,193$4,124$2,314$153
43 years$19,182$11,606$6,749$3,807$2,100$129
44 years$18,535$11,063$6,335$3,515$1,906$108
45 years$17,919$10,549$5,949$3,246$1,730$91
46 years$17,331$10,063$5,587$2,998$1,571$76
47 years$16,770$9,604$5,249$2,770$1,427$64
48 years$16,234$9,168$4,933$2,560$1,296$54
49 years$15,722$8,755$4,636$2,366$1,177$45
50 years$15,231$8,363$4,359$2,187$1,069$38

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 $2,876 every year, while hoping to spend $51,126 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: 43/34/23 Blend
50$15,600,000$15,600,000$15,600,000$15,600,000
51$17,194,167$16,367,367$16,125,567$17,818,138
52$18,893,574$17,114,970$16,611,375$19,009,452
53$20,764,607$17,897,492$17,111,745$20,294,212
54$22,824,719$18,716,591$17,627,110$21,685,181
55$25,093,138$19,574,002$18,157,916$23,192,198
56$27,591,056$20,471,545$18,704,624$24,826,063
57$30,341,821$21,411,129$19,267,707$26,598,632
58$33,371,163$22,394,751$19,847,652$28,522,928
59$36,707,435$23,424,506$20,444,961$30,613,250
60$40,381,877$24,502,591$21,060,151$32,885,310
61$44,428,916$25,631,305$21,693,753$35,356,367
62$48,886,488$26,813,062$22,346,316$38,045,390
63$53,796,395$28,050,388$23,018,404$40,973,221
64$59,204,703$29,345,932$23,710,596$44,162,773
65$65,162,172$30,702,472$24,423,490$47,639,231
66$71,724,739$32,122,919$25,157,702$51,430,286
67$78,954,042$33,610,322$25,913,865$55,566,385
68$86,918,006$35,167,879$26,692,631$60,081,010
69$95,691,480$36,798,942$27,494,671$65,010,984
70$105,356,944$38,507,024$28,320,676$70,396,809
71$116,005,292$40,295,807$29,171,358$76,283,038
72$127,736,682$42,169,152$30,047,449$82,718,683
73$140,661,487$44,131,104$30,949,703$89,757,669
74$154,901,336$46,185,906$31,878,895$97,459,328
75$170,590,260$48,338,002$32,835,825$105,888,946
76$187,875,957$50,592,055$33,821,316$115,118,371
77$206,921,188$52,952,949$34,836,213$125,226,673
78$227,905,312$55,425,806$35,881,389$136,300,877
79$251,025,978$58,015,995$36,957,740$148,436,769
80$276,500,994$60,729,145$38,066,191$161,739,786
81$304,570,378$63,571,156$39,207,691$176,325,995
82$335,498,627$66,548,213$40,383,219$192,323,168
83$369,577,213$69,666,801$41,593,782$209,871,976
84$407,127,332$72,933,718$42,840,418$229,127,292
85$448,502,941$76,356,092$44,124,193$250,259,637
86$494,094,094$79,941,393$45,446,207$273,456,768
87$544,330,626$83,697,455$46,807,589$298,925,432
88$599,686,210$87,632,491$48,209,504$326,893,287
89$660,682,831$91,755,111$49,653,149$357,611,038
90$727,895,709$96,074,340$51,139,759$391,354,771
91$801,958,732$100,599,643$52,670,601$428,428,539
92$883,570,440$105,340,943$54,246,983$469,167,200
93$973,500,617$110,308,641$55,870,250$513,939,556
94$1,072,597,561$115,513,646$57,541,784$563,151,800
95$1,181,796,089$120,967,392$59,263,011$617,251,322
96$1,302,126,366$126,681,869$61,035,397$676,730,901
97$1,434,723,623$132,669,649$62,860,451$742,133,321
98$1,580,838,882$138,943,911$64,739,726$814,056,461
99$1,741,850,761$145,518,476$66,674,820$893,158,903
100$1,919,278,491$152,407,833$68,667,378$980,166,108