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

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 $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%12.7%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,229,952
2 years$637,739$625,862$614,351$603,190$592,365$578,257
3 years$420,936$409,008$397,526$386,470$375,821$362,056
4 years$312,556$300,664$289,297$278,430$268,038$254,724
5 years$247,545$235,724$224,506$213,861$203,758$190,933
6 years$204,218$192,487$181,434$171,026$161,227$148,906
7 years$173,283$161,650$150,773$140,610$131,121$119,310
8 years$150,092$138,564$127,867$117,954$108,777$97,475
9 years$132,064$120,645$110,132$100,471$91,606$80,808
10 years$117,650$106,342$96,016$86,607$78,053$67,752
11 years$105,864$94,670$84,531$75,374$67,128$57,316
12 years$96,050$84,971$75,019$66,113$58,172$48,838
13 years$87,752$76,789$67,024$58,368$50,727$41,859
14 years$80,646$69,799$60,222$51,813$44,467$36,054
15 years$74,493$63,763$54,372$46,208$39,152$31,180
16 years$69,114$58,501$49,296$41,374$34,603$27,058
17 years$64,373$53,877$44,858$37,174$30,681$23,549
18 years$60,163$49,785$40,949$33,501$27,280$20,546
19 years$56,401$46,140$37,487$30,271$24,316$17,964
20 years$53,019$42,876$34,404$27,417$21,719$15,736
21 years$49,964$39,937$31,645$24,882$19,436$13,806
22 years$47,190$37,280$29,166$22,624$17,422$12,130
23 years$44,661$34,867$26,929$20,604$15,639$10,669
24 years$42,346$32,668$24,905$18,792$14,057$9,395
25 years$40,219$30,657$23,067$17,162$12,649$8,280
26 years$38,260$28,813$21,394$15,692$11,394$7,303
27 years$36,448$27,116$19,866$14,363$10,272$6,446
28 years$34,769$25,552$18,468$13,160$9,269$5,693
29 years$33,209$24,105$17,186$12,068$8,369$5,031
30 years$31,755$22,765$16,008$11,075$7,562$4,448
31 years$30,398$21,520$14,924$10,172$6,837$3,934
32 years$29,128$20,362$13,924$9,348$6,185$3,481
33 years$27,937$19,284$13,001$8,596$5,597$3,081
34 years$26,819$18,277$12,147$7,909$5,068$2,728
35 years$25,768$17,335$11,357$7,281$4,590$2,416
36 years$24,776$16,453$10,624$6,706$4,159$2,140
37 years$23,841$15,627$9,944$6,178$3,769$1,896
38 years$22,957$14,851$9,312$5,695$3,417$1,680
39 years$22,120$14,122$8,725$5,251$3,099$1,489
40 years$21,328$13,436$8,177$4,843$2,811$1,319
41 years$20,576$12,790$7,668$4,468$2,550$1,170
42 years$19,861$12,181$7,193$4,124$2,314$1,037
43 years$19,182$11,606$6,749$3,807$2,100$919
44 years$18,535$11,063$6,335$3,515$1,906$815
45 years$17,919$10,549$5,949$3,246$1,730$723
46 years$17,331$10,063$5,587$2,998$1,571$641
47 years$16,770$9,604$5,249$2,770$1,427$569
48 years$16,234$9,168$4,933$2,560$1,296$504
49 years$15,722$8,755$4,636$2,366$1,177$447
50 years$15,231$8,363$4,359$2,187$1,069$397

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 $2,119 every year, while hoping to spend $35,322 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: 48/31/21 Blend
50$15,600,000$15,600,000$15,600,000$15,600,000
51$17,193,386$16,366,586$16,124,786$17,916,351
52$18,909,529$17,130,966$16,627,384$19,184,603
53$20,799,535$17,931,617$17,145,635$20,557,267
54$22,881,100$18,770,279$17,680,026$22,047,125
55$25,173,725$19,648,776$18,231,060$23,665,193
56$27,698,899$20,569,020$18,799,255$25,423,574
57$30,480,300$21,533,015$19,385,143$27,335,559
58$33,544,022$22,542,864$19,989,277$29,415,755
59$36,918,817$23,600,770$20,612,223$31,680,210
60$40,636,371$24,709,042$21,254,567$34,146,562
61$44,731,598$25,870,102$21,916,912$36,834,198
62$49,242,973$27,086,489$22,599,880$39,764,432
63$54,212,894$28,360,865$23,304,114$42,960,693
64$59,688,082$29,696,020$24,030,275$46,448,749
65$65,720,021$31,094,880$24,779,044$50,256,930
66$72,365,447$32,560,512$25,551,125$54,416,398
67$79,686,878$34,096,133$26,347,243$58,961,427
68$87,753,210$35,705,115$27,168,147$63,929,717
69$96,640,364$37,390,991$28,014,606$69,362,746
70$106,432,001$39,157,470$28,887,416$75,306,145
71$117,220,317$41,008,438$29,787,396$81,810,123
72$129,106,907$42,947,969$30,715,391$88,929,929
73$142,203,728$44,980,336$31,672,273$96,726,362
74$156,634,154$47,110,018$32,658,940$105,266,334
75$172,534,141$49,341,712$33,676,317$114,623,490
76$190,053,510$51,680,343$34,725,362$124,878,886
77$209,357,364$54,131,076$35,807,057$136,121,749
78$230,627,640$56,699,323$36,922,418$148,450,298
79$254,064,833$59,390,763$38,072,492$161,972,660
80$279,889,884$62,211,349$39,258,359$176,807,875
81$308,346,269$65,167,322$40,481,131$193,087,003
82$339,702,296$68,265,228$41,741,956$210,954,345
83$374,253,635$71,511,930$43,042,017$230,568,788
84$412,326,115$74,914,623$44,382,534$252,105,289
85$454,278,794$78,480,855$45,764,764$275,756,500
86$500,507,352$82,218,538$47,190,004$301,734,577
87$551,447,824$86,135,969$48,659,592$330,273,152
88$607,580,720$90,241,849$50,174,906$361,629,526
89$669,435,555$94,545,301$51,737,367$396,087,065
90$737,595,853$99,055,893$53,348,441$433,957,861
91$812,704,656$103,783,657$55,009,638$475,585,646
92$895,470,587$108,739,113$56,722,518$521,349,016
93$986,674,551$113,933,293$58,488,686$571,664,972
94$1,087,177,097$119,377,766$60,309,799$626,992,832
95$1,197,926,547$125,084,663$62,187,564$687,838,538
96$1,319,967,949$131,066,706$64,123,741$754,759,396
97$1,454,452,940$137,337,235$66,120,147$828,369,310
98$1,602,650,621$143,910,240$68,178,652$909,344,539
99$1,765,959,534$150,800,391$70,301,187$998,430,046
100$1,945,920,871$158,023,075$72,489,742$1,096,446,494