Can I retire at age 51 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,243,529
2 years$641,827$629,874$618,289$607,057$596,162$587,679
3 years$423,635$411,630$400,074$388,947$378,230$369,938
4 years$314,560$302,591$291,151$280,215$269,757$261,719
5 years$249,132$237,235$225,945$215,232$205,065$197,306
6 years$205,527$193,720$182,598$172,122$162,261$154,790
7 years$174,394$162,686$151,739$141,511$131,961$124,783
8 years$151,054$139,452$128,687$118,710$109,475$102,588
9 years$132,910$121,418$110,838$101,115$92,194$85,597
10 years$118,404$107,024$96,631$87,162$78,553$72,244
11 years$106,543$95,277$85,073$75,857$67,559$61,532
12 years$96,666$85,516$75,500$66,537$58,545$52,795
13 years$88,315$77,281$67,454$58,742$51,052$45,574
14 years$81,163$70,247$60,608$52,145$44,752$39,538
15 years$74,970$64,171$54,721$46,504$39,403$34,447
16 years$69,557$58,876$49,612$41,639$34,825$30,119
17 years$64,785$54,223$45,145$37,412$30,878$26,415
18 years$60,549$50,104$41,212$33,716$27,455$23,227
19 years$56,763$46,436$37,727$30,465$24,472$20,470
20 years$53,359$43,151$34,624$27,592$21,858$18,076
21 years$50,284$40,193$31,848$25,042$19,561$15,989
22 years$47,492$37,519$29,353$22,769$17,533$14,164
23 years$44,947$35,091$27,102$20,736$15,739$12,563
24 years$42,617$32,878$25,065$18,912$14,147$11,156
25 years$40,477$30,854$23,215$17,272$12,730$9,917
26 years$38,505$28,998$21,531$15,792$11,467$8,823
27 years$36,682$27,290$19,993$14,455$10,338$7,856
28 years$34,992$25,716$18,586$13,244$9,328$7,000
29 years$33,421$24,260$17,296$12,145$8,423$6,241
30 years$31,958$22,911$16,111$11,146$7,611$5,567
31 years$30,592$21,658$15,019$10,237$6,881$4,969
32 years$29,314$20,493$14,013$9,408$6,224$4,436
33 years$28,116$19,407$13,084$8,651$5,633$3,962
34 years$26,991$18,394$12,225$7,960$5,100$3,540
35 years$25,933$17,446$11,430$7,328$4,619$3,164
36 years$24,935$16,559$10,692$6,749$4,185$2,829
37 years$23,994$15,727$10,008$6,218$3,793$2,530
38 years$23,104$14,946$9,372$5,731$3,439$2,263
39 years$22,262$14,213$8,780$5,284$3,119$2,024
40 years$21,464$13,522$8,230$4,874$2,829$1,811
41 years$20,707$12,872$7,717$4,497$2,566$1,621
42 years$19,988$12,259$7,239$4,150$2,329$1,451
43 years$19,305$11,680$6,793$3,831$2,113$1,299
44 years$18,654$11,133$6,376$3,537$1,918$1,162
45 years$18,034$10,617$5,987$3,267$1,741$1,041
46 years$17,442$10,128$5,623$3,018$1,581$932
47 years$16,878$9,665$5,283$2,788$1,436$834
48 years$16,338$9,227$4,964$2,576$1,304$747
49 years$15,822$8,811$4,666$2,381$1,184$669
50 years$15,329$8,417$4,387$2,201$1,076$599

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $15,700,000, adding $6,502 every year, while hoping to spend $47,028 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: 73/8/19 Blend
50$15,700,000$15,700,000$15,700,000$15,700,000
51$17,308,107$16,476,007$16,232,657$18,493,303
52$19,023,496$17,233,294$16,726,413$20,038,582
53$20,912,279$18,026,112$17,235,135$21,724,595
54$22,992,092$18,856,152$17,759,272$23,570,438
55$25,282,369$19,725,186$18,299,291$25,591,987
56$27,804,525$20,635,074$18,855,671$27,806,718
57$30,582,155$21,587,762$19,428,906$30,233,874
58$33,641,264$22,585,291$20,019,503$32,894,646
59$37,010,503$23,629,801$20,627,986$35,812,365
60$40,721,446$24,723,533$21,254,895$39,012,726
61$44,808,886$25,868,838$21,900,786$42,524,023
62$49,311,160$27,068,179$22,566,231$46,377,418
63$54,270,517$28,324,138$23,251,818$50,607,230
64$59,733,512$29,639,423$23,958,156$55,251,257
65$65,751,445$31,016,870$24,685,869$60,351,130
66$72,380,848$32,459,452$25,435,602$65,952,703
67$79,684,018$33,970,289$26,208,018$72,106,481
68$87,729,601$35,552,646$27,003,799$78,868,099
69$96,593,244$37,209,950$27,823,651$86,298,836
70$106,358,309$38,945,791$28,668,297$94,466,197
71$117,116,656$40,763,934$29,538,484$103,444,542
72$128,969,512$42,668,325$30,434,981$113,315,790
73$142,028,430$44,663,099$31,358,580$124,170,179
74$156,416,333$46,752,595$32,310,096$136,107,123
75$172,268,685$48,941,358$33,290,370$149,236,142
76$189,734,760$51,234,153$34,300,266$163,677,893
77$208,979,056$53,635,978$35,340,676$179,565,302
78$230,182,848$56,152,069$36,412,517$197,044,817
79$253,545,897$58,787,919$37,516,735$216,277,785
80$279,288,335$61,549,284$38,654,302$237,441,968
81$307,652,746$64,442,199$39,826,222$260,733,217
82$338,906,453$67,472,993$41,033,527$286,367,319
83$373,344,041$70,648,300$42,277,280$314,582,021
84$411,290,140$73,975,074$43,558,576$345,639,274
85$453,102,489$77,460,607$44,878,543$379,827,698
86$499,175,312$81,112,546$46,238,343$417,465,301
87$549,943,038$84,938,905$47,639,172$458,902,471
88$605,884,406$88,948,089$49,082,262$504,525,282
89$667,526,978$93,148,909$50,568,881$554,759,127
90$735,452,128$97,550,603$52,100,337$610,072,728
91$810,300,521$102,162,859$53,677,974$670,982,554
92$892,778,167$106,995,832$55,303,179$738,057,685
93$983,663,084$112,060,171$56,977,378$811,925,180
94$1,083,812,640$117,367,041$58,702,042$893,275,984
95$1,194,171,652$122,928,149$60,478,684$982,871,445
96$1,315,781,303$128,755,770$62,308,862$1,081,550,489
97$1,449,788,968$134,862,775$64,194,181$1,190,237,529
98$1,597,459,051$141,262,660$66,136,295$1,309,951,185
99$1,760,184,919$147,969,575$68,136,905$1,441,813,886
100$1,939,502,054$154,998,357$70,197,765$1,587,062,459