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%12.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,239,898
2 years$641,827$629,874$618,289$607,057$596,162$584,031
3 years$423,635$411,630$400,074$388,947$378,230$366,386
4 years$314,560$302,591$291,151$280,215$269,757$258,292
5 years$249,132$237,235$225,945$215,232$205,065$194,012
6 years$205,527$193,720$182,598$172,122$162,261$151,634
7 years$174,394$162,686$151,739$141,511$131,961$121,766
8 years$151,054$139,452$128,687$118,710$109,475$99,709
9 years$132,910$121,418$110,838$101,115$92,194$82,855
10 years$118,404$107,024$96,631$87,162$78,553$69,636
11 years$106,543$95,277$85,073$75,857$67,559$59,056
12 years$96,666$85,516$75,500$66,537$58,545$50,448
13 years$88,315$77,281$67,454$58,742$51,052$43,352
14 years$81,163$70,247$60,608$52,145$44,752$37,438
15 years$74,970$64,171$54,721$46,504$39,403$32,465
16 years$69,557$58,876$49,612$41,639$34,825$28,250
17 years$64,785$54,223$45,145$37,412$30,878$24,656
18 years$60,549$50,104$41,212$33,716$27,455$21,573
19 years$56,763$46,436$37,727$30,465$24,472$18,917
20 years$53,359$43,151$34,624$27,592$21,858$16,619
21 years$50,284$40,193$31,848$25,042$19,561$14,625
22 years$47,492$37,519$29,353$22,769$17,533$12,887
23 years$44,947$35,091$27,102$20,736$15,739$11,371
24 years$42,617$32,878$25,065$18,912$14,147$10,043
25 years$40,477$30,854$23,215$17,272$12,730$8,879
26 years$38,505$28,998$21,531$15,792$11,467$7,857
27 years$36,682$27,290$19,993$14,455$10,338$6,957
28 years$34,992$25,716$18,586$13,244$9,328$6,164
29 years$33,421$24,260$17,296$12,145$8,423$5,465
30 years$31,958$22,911$16,111$11,146$7,611$4,847
31 years$30,592$21,658$15,019$10,237$6,881$4,301
32 years$29,314$20,493$14,013$9,408$6,224$3,818
33 years$28,116$19,407$13,084$8,651$5,633$3,391
34 years$26,991$18,394$12,225$7,960$5,100$3,012
35 years$25,933$17,446$11,430$7,328$4,619$2,676
36 years$24,935$16,559$10,692$6,749$4,185$2,379
37 years$23,994$15,727$10,008$6,218$3,793$2,115
38 years$23,104$14,946$9,372$5,731$3,439$1,880
39 years$22,262$14,213$8,780$5,284$3,119$1,672
40 years$21,464$13,522$8,230$4,874$2,829$1,487
41 years$20,707$12,872$7,717$4,497$2,566$1,323
42 years$19,988$12,259$7,239$4,150$2,329$1,177
43 years$19,305$11,680$6,793$3,831$2,113$1,047
44 years$18,654$11,133$6,376$3,537$1,918$932
45 years$18,034$10,617$5,987$3,267$1,741$829
46 years$17,442$10,128$5,623$3,018$1,581$738
47 years$16,878$9,665$5,283$2,788$1,436$657
48 years$16,338$9,227$4,964$2,576$1,304$584
49 years$15,822$8,811$4,666$2,381$1,184$520
50 years$15,329$8,417$4,387$2,201$1,076$463

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 $4,620 every year, while hoping to spend $23,635 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: 75/10/15 Blend
50$15,700,000$15,700,000$15,700,000$15,700,000
51$17,306,166$16,474,066$16,230,716$18,547,430
52$19,046,247$17,256,147$16,749,297$20,150,626
53$20,963,025$18,075,759$17,284,459$21,903,852
54$23,074,496$18,934,714$17,836,732$23,824,775
55$25,400,495$19,834,916$18,406,663$25,930,070
56$27,962,877$20,778,358$18,994,817$28,238,100
57$30,785,725$21,767,132$19,601,777$30,769,077
58$33,895,578$22,803,430$20,228,146$33,545,261
59$37,321,682$23,889,554$20,874,544$36,591,161
60$41,096,265$25,027,913$21,541,613$39,933,765
61$45,254,839$26,221,036$22,230,012$43,602,792
62$49,836,541$27,471,575$22,940,426$47,630,973
63$54,884,497$28,782,311$23,673,559$52,054,352
64$60,446,230$30,156,158$24,430,137$56,912,625
65$66,574,110$31,596,175$25,210,911$62,249,515
66$73,325,849$33,105,567$26,016,656$68,113,175
67$80,765,042$34,687,696$26,848,171$74,556,645
68$88,961,771$36,346,088$27,706,280$81,638,344
69$97,993,266$38,084,440$28,591,834$89,422,623
70$107,944,631$39,906,630$29,505,712$97,980,364
71$118,909,650$41,816,722$30,448,821$107,389,647
72$130,991,674$43,818,981$31,422,096$117,736,482
73$144,304,592$45,917,878$32,426,503$129,115,618
74$158,973,907$48,118,101$33,463,038$141,631,430
75$175,137,926$50,424,568$34,532,730$155,398,905
76$192,949,058$52,842,435$35,636,640$170,544,713
77$212,575,257$55,377,111$36,775,863$187,208,406
78$234,201,610$58,034,265$37,951,530$205,543,729
79$258,032,075$60,819,846$39,164,808$225,720,058
80$284,291,419$63,740,090$40,416,901$247,924,002
81$313,227,327$66,801,538$41,709,051$272,361,156
82$345,112,751$70,011,050$43,042,541$299,258,029
83$380,248,480$73,375,819$44,418,694$328,864,185
84$418,965,981$76,903,391$45,838,877$361,454,585
85$461,630,531$80,601,676$47,304,498$397,332,178
86$508,644,660$84,478,973$48,817,014$436,830,752
87$560,451,956$88,543,984$50,377,925$480,318,079
88$617,541,251$92,805,835$51,988,781$528,199,375
89$680,451,235$97,274,097$53,651,181$580,921,120
90$749,775,542$101,958,808$55,366,777$638,975,261
91$826,168,353$106,870,496$57,137,270$702,903,849
92$910,350,577$112,020,202$58,964,420$773,304,144
93$1,003,116,648$117,419,504$60,850,040$850,834,244
94$1,105,342,033$123,080,547$62,796,004$936,219,286
95$1,217,991,493$129,016,067$64,804,243$1,030,258,280
96$1,342,128,193$135,239,421$66,876,752$1,133,831,642
97$1,478,923,735$141,764,619$69,015,590$1,247,909,492
98$1,629,669,224$148,606,354$71,222,880$1,373,560,799
99$1,795,787,454$155,780,034$73,500,816$1,511,963,457
100$1,978,846,341$163,301,822$75,851,659$1,664,415,396