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

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 $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%15.3%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,248,062
2 years$654,092$641,910$630,104$618,657$607,554$579,685
3 years$431,730$419,495$407,719$396,379$385,457$358,390
4 years$320,570$308,373$296,715$285,569$274,911$248,855
5 years$253,892$241,768$230,263$219,344$208,983$184,011
6 years$209,455$197,422$186,087$175,411$165,361$141,499
7 years$177,726$165,795$154,639$144,215$134,483$111,736
8 years$153,940$142,117$131,146$120,979$111,567$89,926
9 years$135,450$123,738$112,956$103,047$93,955$73,406
10 years$120,667$109,069$98,478$88,828$80,054$60,575
11 years$108,579$97,098$86,698$77,307$68,850$50,415
12 years$98,513$87,150$76,942$67,808$59,664$42,245
13 years$90,002$78,758$68,743$59,865$52,028$35,594
14 years$82,714$71,589$61,766$53,141$45,607$30,126
15 years$76,403$65,398$55,766$47,392$40,156$25,592
16 years$70,886$60,001$50,560$42,435$35,490$21,808
17 years$66,023$55,259$46,008$38,127$31,468$18,632
18 years$61,706$51,062$41,999$34,360$27,980$15,953
19 years$57,847$47,323$38,448$31,048$24,939$13,685
20 years$54,379$43,975$35,286$28,120$22,276$11,757
21 years$51,245$40,961$32,456$25,520$19,935$10,114
22 years$48,400$38,236$29,913$23,204$17,869$8,711
23 years$45,806$35,761$27,620$21,132$16,040$7,509
24 years$43,431$33,506$25,544$19,274$14,417$6,479
25 years$41,250$31,444$23,659$17,602$12,973$5,594
26 years$39,241$29,552$21,942$16,094$11,686$4,833
27 years$37,383$27,812$20,375$14,731$10,536$4,178
28 years$35,661$26,207$18,941$13,497$9,506$3,613
29 years$34,060$24,723$17,627$12,377$8,584$3,126
30 years$32,569$23,348$16,418$11,359$7,756$2,705
31 years$31,177$22,072$15,306$10,433$7,012$2,342
32 years$29,875$20,885$14,281$9,588$6,343$2,028
33 years$28,654$19,778$13,334$8,817$5,741$1,756
34 years$27,507$18,745$12,459$8,112$5,197$1,521
35 years$26,428$17,779$11,648$7,468$4,708$1,318
36 years$25,412$16,875$10,897$6,878$4,265$1,142
37 years$24,452$16,028$10,199$6,337$3,866$990
38 years$23,546$15,232$9,551$5,841$3,505$858
39 years$22,688$14,484$8,948$5,385$3,178$743
40 years$21,875$13,780$8,387$4,967$2,883$644
41 years$21,103$13,118$7,864$4,583$2,615$559
42 years$20,370$12,493$7,377$4,230$2,373$484
43 years$19,674$11,903$6,922$3,904$2,154$420
44 years$19,010$11,346$6,498$3,605$1,955$364
45 years$18,378$10,820$6,101$3,329$1,775$316
46 years$17,776$10,322$5,731$3,075$1,611$274
47 years$17,200$9,850$5,384$2,841$1,463$237
48 years$16,650$9,403$5,059$2,625$1,329$206
49 years$16,125$8,979$4,755$2,426$1,207$179
50 years$15,622$8,577$4,471$2,243$1,096$155

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 $3,379 every year, while hoping to spend $30,807 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: 43/34/23 Blend
50$16,000,000$16,000,000$16,000,000$16,000,000
51$17,635,485$16,787,485$16,539,485$18,275,456
52$19,401,527$17,577,294$17,060,780$19,520,394
53$21,346,671$18,404,770$17,598,505$20,865,138
54$23,489,156$19,271,728$18,153,179$22,321,507
55$25,849,075$20,180,068$18,725,336$23,899,826
56$28,448,573$21,131,784$19,315,527$25,611,432
57$31,312,051$22,128,964$19,924,320$27,468,767
58$34,466,398$23,173,801$20,552,303$29,485,494
59$37,941,244$24,268,592$21,200,079$31,676,617
60$41,769,242$25,415,744$21,868,272$34,058,616
61$45,986,373$26,617,783$22,557,527$36,649,594
62$50,632,285$27,877,357$23,268,507$39,469,443
63$55,750,673$29,197,242$24,001,897$42,540,019
64$61,389,685$30,580,350$24,758,403$45,885,344
65$67,602,377$32,029,731$25,538,754$49,531,823
66$74,447,219$33,548,587$26,343,702$53,508,480
67$81,988,640$35,140,274$27,174,021$57,847,229
68$90,297,643$36,808,308$28,030,512$62,583,158
69$99,452,467$38,556,380$28,913,999$67,754,856
70$109,539,335$40,388,359$29,825,334$73,404,761
71$120,653,259$42,308,300$30,765,394$79,579,551
72$132,898,941$44,320,457$31,735,085$86,330,573
73$146,391,763$46,429,290$32,735,341$93,714,315
74$161,258,873$48,639,475$33,767,125$101,792,923
75$177,640,385$50,955,916$34,831,430$110,634,779
76$195,690,705$53,383,756$35,929,283$120,315,125
77$215,579,983$55,928,386$37,061,741$130,916,766
78$237,495,726$58,595,462$38,229,893$142,530,827
79$261,644,561$61,390,911$39,434,867$155,257,606
80$288,254,193$64,320,952$40,677,821$169,207,494
81$317,575,547$67,392,105$41,959,954$184,502,005
82$349,885,140$70,611,206$43,282,500$201,274,902
83$385,487,694$73,985,424$44,646,734$219,673,441
84$424,719,008$77,522,280$46,053,969$239,859,737
85$467,949,131$81,229,655$47,505,560$262,012,276
86$515,585,853$85,115,818$49,002,907$286,327,575
87$568,078,556$89,189,440$50,547,451$313,022,014
88$625,922,458$93,459,612$52,140,680$342,333,852
89$689,663,285$97,935,869$53,784,129$374,525,453
90$759,902,423$102,628,209$55,479,380$409,885,732
91$837,302,598$107,547,119$57,228,067$448,732,858
92$922,594,130$112,703,595$59,031,874$491,417,222
93$1,016,581,828$118,109,168$60,892,539$538,324,717
94$1,120,152,589$123,775,932$62,811,853$589,880,348
95$1,234,283,768$129,716,568$64,791,666$646,552,207
96$1,360,052,411$135,944,378$66,833,885$708,855,859
97$1,498,645,413$142,473,309$68,940,476$777,359,171
98$1,651,370,732$149,317,988$71,113,469$852,687,630
99$1,819,669,734$156,493,757$73,354,958$935,530,211
100$2,005,130,799$164,016,703$75,667,101$1,026,645,835