Can I retire at age 51 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,258,355
2 years$654,092$641,910$630,104$618,657$607,554$589,946
3 years$431,730$419,495$407,719$396,379$385,457$368,297
4 years$320,570$308,373$296,715$285,569$274,911$258,330
5 years$253,892$241,768$230,263$219,344$208,983$193,030
6 years$209,455$197,422$186,087$175,411$165,361$150,054
7 years$177,726$165,795$154,639$144,215$134,483$119,828
8 years$153,940$142,117$131,146$120,979$111,567$97,562
9 years$135,450$123,738$112,956$103,047$93,955$80,594
10 years$120,667$109,069$98,478$88,828$80,054$67,328
11 years$108,579$97,098$86,698$77,307$68,850$56,745
12 years$98,513$87,150$76,942$67,808$59,664$48,166
13 years$90,002$78,758$68,743$59,865$52,028$41,123
14 years$82,714$71,589$61,766$53,141$45,607$35,278
15 years$76,403$65,398$55,766$47,392$40,156$30,385
16 years$70,886$60,001$50,560$42,435$35,490$26,259
17 years$66,023$55,259$46,008$38,127$31,468$22,757
18 years$61,706$51,062$41,999$34,360$27,980$19,770
19 years$57,847$47,323$38,448$31,048$24,939$17,211
20 years$54,379$43,975$35,286$28,120$22,276$15,009
21 years$51,245$40,961$32,456$25,520$19,935$13,109
22 years$48,400$38,236$29,913$23,204$17,869$11,465
23 years$45,806$35,761$27,620$21,132$16,040$10,038
24 years$43,431$33,506$25,544$19,274$14,417$8,798
25 years$41,250$31,444$23,659$17,602$12,973$7,718
26 years$39,241$29,552$21,942$16,094$11,686$6,775
27 years$37,383$27,812$20,375$14,731$10,536$5,951
28 years$35,661$26,207$18,941$13,497$9,506$5,231
29 years$34,060$24,723$17,627$12,377$8,584$4,600
30 years$32,569$23,348$16,418$11,359$7,756$4,047
31 years$31,177$22,072$15,306$10,433$7,012$3,562
32 years$29,875$20,885$14,281$9,588$6,343$3,136
33 years$28,654$19,778$13,334$8,817$5,741$2,762
34 years$27,507$18,745$12,459$8,112$5,197$2,433
35 years$26,428$17,779$11,648$7,468$4,708$2,144
36 years$25,412$16,875$10,897$6,878$4,265$1,889
37 years$24,452$16,028$10,199$6,337$3,866$1,665
38 years$23,546$15,232$9,551$5,841$3,505$1,468
39 years$22,688$14,484$8,948$5,385$3,178$1,294
40 years$21,875$13,780$8,387$4,967$2,883$1,141
41 years$21,103$13,118$7,864$4,583$2,615$1,007
42 years$20,370$12,493$7,377$4,230$2,373$888
43 years$19,674$11,903$6,922$3,904$2,154$783
44 years$19,010$11,346$6,498$3,605$1,955$691
45 years$18,378$10,820$6,101$3,329$1,775$609
46 years$17,776$10,322$5,731$3,075$1,611$538
47 years$17,200$9,850$5,384$2,841$1,463$474
48 years$16,650$9,403$5,059$2,625$1,329$419
49 years$16,125$8,979$4,755$2,426$1,207$369
50 years$15,622$8,577$4,471$2,243$1,096$326

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,000,000, adding $4,048 every year, while hoping to spend $23,777 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: 31/40/29 Blend
50$16,000,000$16,000,000$16,000,000$16,000,000
51$17,636,176$16,788,176$16,540,176$18,026,273
52$19,409,767$17,585,498$17,068,973$19,127,008
53$21,363,468$18,421,092$17,614,688$20,308,654
54$23,515,624$19,296,808$18,177,863$21,580,166
55$25,886,452$20,214,586$18,759,056$22,949,432
56$28,498,230$21,176,460$19,358,844$24,425,089
57$31,375,508$22,184,565$19,977,823$26,016,598
58$34,545,337$23,241,136$20,616,608$27,734,322
59$38,037,529$24,348,519$21,275,831$29,589,620
60$41,884,934$25,509,174$21,956,149$31,594,943
61$46,123,753$26,725,679$22,658,236$33,763,943
62$50,793,878$28,000,740$23,382,789$36,111,590
63$55,939,270$29,337,192$24,130,529$38,654,309
64$61,608,370$30,738,009$24,902,196$41,410,118
65$67,854,562$32,206,310$25,698,558$44,398,794
66$74,736,674$33,745,366$26,520,406$47,642,041
67$82,319,531$35,358,605$27,368,556$51,163,690
68$90,674,570$37,049,623$28,243,849$54,989,906
69$99,880,514$38,822,193$29,147,156$59,149,425
70$110,024,114$40,680,268$30,079,374$63,673,812
71$121,200,969$42,627,996$31,041,428$68,597,743
72$133,516,426$44,669,727$32,034,274$73,959,318
73$147,086,578$46,810,020$33,058,899$79,800,406
74$162,039,358$49,053,659$34,116,321$86,167,024
75$178,515,744$51,405,660$35,207,589$93,109,752
76$196,671,095$53,871,283$36,333,789$100,684,197
77$216,676,615$56,456,044$37,496,039$108,951,494
78$238,720,967$59,165,727$38,695,494$117,978,869
79$263,012,058$62,006,401$39,933,345$127,840,249
80$289,779,000$64,984,426$41,210,824$138,616,943
81$319,274,270$68,106,475$42,529,199$150,398,381
82$351,776,099$71,379,546$43,889,781$163,282,943
83$387,591,094$74,810,977$45,293,921$177,378,855
84$427,057,135$78,408,464$46,743,016$192,805,192
85$470,546,561$82,180,077$48,238,506$209,692,970
86$518,469,692$86,134,282$49,781,877$228,186,361
87$571,278,694$90,279,955$51,374,664$248,444,018
88$629,471,855$94,626,407$53,018,449$270,640,548
89$693,598,284$99,183,401$54,714,867$294,968,124
90$764,263,099$103,961,178$56,465,605$321,638,268
91$842,133,135$108,970,476$58,272,403$350,883,814
92$927,943,243$114,222,558$60,137,057$382,961,064
93$1,022,503,228$119,729,237$62,061,422$418,152,177
94$1,126,705,488$125,502,901$64,047,411$456,767,787
95$1,241,533,448$131,556,542$66,096,999$499,149,894
96$1,368,070,835$137,903,789$68,212,224$545,675,049
97$1,507,511,917$144,558,931$70,395,190$596,757,867
98$1,661,172,771$151,536,957$72,648,068$652,854,885
99$1,830,503,714$158,853,588$74,973,099$714,468,829
100$2,017,102,990$166,525,311$77,372,594$782,153,302