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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,211,865
2 years$641,827$629,874$618,289$607,057$596,162$556,156
3 years$423,635$411,630$400,074$388,947$378,230$339,549
4 years$314,560$302,591$291,151$280,215$269,757$232,697
5 years$249,132$237,235$225,945$215,232$205,065$169,726
6 years$205,527$193,720$182,598$172,122$162,261$128,673
7 years$174,394$162,686$151,739$141,511$131,961$100,121
8 years$151,054$139,452$128,687$118,710$109,475$79,359
9 years$132,910$121,418$110,838$101,115$92,194$63,768
10 years$118,404$107,024$96,631$87,162$78,553$51,776
11 years$106,543$95,277$85,073$75,857$67,559$42,380
12 years$96,666$85,516$75,500$66,537$58,545$34,910
13 years$88,315$77,281$67,454$58,742$51,052$28,904
14 years$81,163$70,247$60,608$52,145$44,752$24,029
15 years$74,970$64,171$54,721$46,504$39,403$20,044
16 years$69,557$58,876$49,612$41,639$34,825$16,766
17 years$64,785$54,223$45,145$37,412$30,878$14,055
18 years$60,549$50,104$41,212$33,716$27,455$11,805
19 years$56,763$46,436$37,727$30,465$24,472$9,931
20 years$53,359$43,151$34,624$27,592$21,858$8,365
21 years$50,284$40,193$31,848$25,042$19,561$7,054
22 years$47,492$37,519$29,353$22,769$17,533$5,953
23 years$44,947$35,091$27,102$20,736$15,739$5,029
24 years$42,617$32,878$25,065$18,912$14,147$4,250
25 years$40,477$30,854$23,215$17,272$12,730$3,594
26 years$38,505$28,998$21,531$15,792$11,467$3,041
27 years$36,682$27,290$19,993$14,455$10,338$2,574
28 years$34,992$25,716$18,586$13,244$9,328$2,179
29 years$33,421$24,260$17,296$12,145$8,423$1,845
30 years$31,958$22,911$16,111$11,146$7,611$1,563
31 years$30,592$21,658$15,019$10,237$6,881$1,324
32 years$29,314$20,493$14,013$9,408$6,224$1,122
33 years$28,116$19,407$13,084$8,651$5,633$951
34 years$26,991$18,394$12,225$7,960$5,100$806
35 years$25,933$17,446$11,430$7,328$4,619$683
36 years$24,935$16,559$10,692$6,749$4,185$579
37 years$23,994$15,727$10,008$6,218$3,793$491
38 years$23,104$14,946$9,372$5,731$3,439$417
39 years$22,262$14,213$8,780$5,284$3,119$353
40 years$21,464$13,522$8,230$4,874$2,829$299
41 years$20,707$12,872$7,717$4,497$2,566$254
42 years$19,988$12,259$7,239$4,150$2,329$215
43 years$19,305$11,680$6,793$3,831$2,113$183
44 years$18,654$11,133$6,376$3,537$1,918$155
45 years$18,034$10,617$5,987$3,267$1,741$131
46 years$17,442$10,128$5,623$3,018$1,581$111
47 years$16,878$9,665$5,283$2,788$1,436$94
48 years$16,338$9,227$4,964$2,576$1,304$80
49 years$15,822$8,811$4,666$2,381$1,184$68
50 years$15,329$8,417$4,387$2,201$1,076$58

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 $2,436 every year, while hoping to spend $20,607 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: 60/12/28 Blend
50$15,700,000$15,700,000$15,700,000$15,700,000
51$17,303,913$16,471,813$16,228,463$18,210,819
52$19,046,986$17,257,006$16,750,191$19,615,026
53$20,967,162$18,079,983$17,288,706$21,144,131
54$23,082,484$18,942,573$17,844,548$22,812,269
55$25,412,834$19,846,696$18,418,277$24,632,989
56$27,980,121$20,794,362$19,010,468$26,621,198
57$30,808,490$21,787,682$19,621,715$28,793,297
58$33,924,546$22,828,869$20,252,632$31,167,334
59$37,357,608$23,920,241$20,903,854$33,763,171
60$41,139,984$25,064,233$21,576,033$36,602,664
61$45,307,277$26,263,395$22,269,845$39,709,872
62$49,898,721$27,520,404$22,985,986$43,111,274
63$54,957,551$28,838,063$23,725,177$46,836,018
64$60,531,409$30,219,317$24,488,159$50,916,191
65$66,672,800$31,667,250$25,275,698$55,387,119
66$73,439,578$33,185,098$26,088,587$60,287,692
67$80,895,502$34,776,254$26,927,641$65,660,731
68$89,110,830$36,444,278$27,793,704$71,553,382
69$98,162,987$38,192,900$28,687,646$78,017,560
70$108,137,294$40,026,034$29,610,364$85,110,433
71$119,127,773$41,947,785$30,562,787$92,894,952
72$131,238,036$43,962,457$31,545,870$101,440,445
73$144,582,262$46,074,563$32,560,603$110,823,260
74$159,286,274$48,288,838$33,608,005$121,127,484
75$175,488,729$50,610,246$34,689,128$132,445,726
76$193,342,424$53,043,994$35,805,059$144,879,986
77$213,015,743$55,595,541$36,956,920$158,542,610
78$234,694,241$58,270,614$38,145,869$173,557,343
79$258,582,398$61,075,219$39,373,100$190,060,491
80$284,905,552$64,015,655$40,639,848$208,202,196
81$313,912,022$67,098,525$41,947,387$228,147,847
82$345,875,454$70,330,758$43,297,030$250,079,631
83$381,097,405$73,719,620$44,690,135$274,198,246
84$419,910,188$77,272,730$46,128,103$300,724,781
85$462,680,012$80,998,078$47,612,379$329,902,798
86$509,810,437$84,904,047$49,144,456$362,000,617
87$561,746,181$88,999,425$50,725,876$397,313,841
88$618,977,327$93,293,433$52,358,228$436,168,130
89$682,043,941$97,795,737$54,043,155$478,922,270
90$751,541,173$102,516,478$55,782,351$525,971,542
91$828,124,878$107,466,291$57,577,565$577,751,441
92$912,517,806$112,656,330$59,430,604$634,741,777
93$1,005,516,425$118,098,293$61,343,332$697,471,186
94$1,107,998,440$123,804,449$63,317,673$766,522,108
95$1,220,931,080$129,787,666$65,355,614$842,536,270
96$1,345,380,228$136,061,439$67,459,205$926,220,727
97$1,482,520,485$142,639,924$69,630,563$1,018,354,519
98$1,633,646,261$149,537,966$71,871,872$1,119,796,011
99$1,800,183,989$156,771,136$74,185,390$1,231,490,974
100$1,983,705,598$164,355,764$76,573,443$1,354,481,496