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%18%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,234,527
2 years$654,092$641,910$630,104$618,657$607,554$566,297
3 years$431,730$419,495$407,719$396,379$385,457$345,574
4 years$320,570$308,373$296,715$285,569$274,911$236,707
5 years$253,892$241,768$230,263$219,344$208,983$172,560
6 years$209,455$197,422$186,087$175,411$165,361$130,749
7 years$177,726$165,795$154,639$144,215$134,483$101,678
8 years$153,940$142,117$131,146$120,979$111,567$80,546
9 years$135,450$123,738$112,956$103,047$93,955$64,683
10 years$120,667$109,069$98,478$88,828$80,054$52,485
11 years$108,579$97,098$86,698$77,307$68,850$42,932
12 years$98,513$87,150$76,942$67,808$59,664$35,342
13 years$90,002$78,758$68,743$59,865$52,028$29,241
14 years$82,714$71,589$61,766$53,141$45,607$24,293
15 years$76,403$65,398$55,766$47,392$40,156$20,250
16 years$70,886$60,001$50,560$42,435$35,490$16,925
17 years$66,023$55,259$46,008$38,127$31,468$14,179
18 years$61,706$51,062$41,999$34,360$27,980$11,900
19 years$57,847$47,323$38,448$31,048$24,939$10,003
20 years$54,379$43,975$35,286$28,120$22,276$8,419
21 years$51,245$40,961$32,456$25,520$19,935$7,094
22 years$48,400$38,236$29,913$23,204$17,869$5,983
23 years$45,806$35,761$27,620$21,132$16,040$5,049
24 years$43,431$33,506$25,544$19,274$14,417$4,264
25 years$41,250$31,444$23,659$17,602$12,973$3,603
26 years$39,241$29,552$21,942$16,094$11,686$3,046
27 years$37,383$27,812$20,375$14,731$10,536$2,576
28 years$35,661$26,207$18,941$13,497$9,506$2,179
29 years$34,060$24,723$17,627$12,377$8,584$1,844
30 years$32,569$23,348$16,418$11,359$7,756$1,561
31 years$31,177$22,072$15,306$10,433$7,012$1,321
32 years$29,875$20,885$14,281$9,588$6,343$1,119
33 years$28,654$19,778$13,334$8,817$5,741$947
34 years$27,507$18,745$12,459$8,112$5,197$802
35 years$26,428$17,779$11,648$7,468$4,708$680
36 years$25,412$16,875$10,897$6,878$4,265$576
37 years$24,452$16,028$10,199$6,337$3,866$488
38 years$23,546$15,232$9,551$5,841$3,505$413
39 years$22,688$14,484$8,948$5,385$3,178$350
40 years$21,875$13,780$8,387$4,967$2,883$297
41 years$21,103$13,118$7,864$4,583$2,615$251
42 years$20,370$12,493$7,377$4,230$2,373$213
43 years$19,674$11,903$6,922$3,904$2,154$180
44 years$19,010$11,346$6,498$3,605$1,955$153
45 years$18,378$10,820$6,101$3,329$1,775$130
46 years$17,776$10,322$5,731$3,075$1,611$110
47 years$17,200$9,850$5,384$2,841$1,463$93
48 years$16,650$9,403$5,059$2,625$1,329$79
49 years$16,125$8,979$4,755$2,426$1,207$67
50 years$15,622$8,577$4,471$2,243$1,096$57

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 $3,978 every year, while hoping to spend $42,805 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: 31/46/23 Blend
50$16,000,000$16,000,000$16,000,000$16,000,000
51$17,636,103$16,788,103$16,540,103$18,057,188
52$19,389,442$17,565,176$17,048,653$19,155,089
53$21,320,186$18,378,891$17,572,804$20,332,002
54$23,446,386$19,230,998$18,113,034$21,598,037
55$25,787,932$20,123,332$18,669,835$22,960,992
56$28,366,742$21,057,815$19,243,715$24,429,402
57$31,206,966$22,036,465$19,835,196$26,012,615
58$34,335,217$23,061,392$20,444,816$27,720,870
59$37,780,822$24,134,813$21,073,130$29,565,387
60$41,576,097$25,259,050$21,720,710$31,558,460
61$45,756,650$26,436,535$22,388,146$33,713,571
62$50,361,724$27,669,820$23,076,044$36,045,500
63$55,434,558$28,961,580$23,785,030$38,570,459
64$61,022,804$30,314,619$24,515,750$41,306,231
65$67,178,970$31,731,874$25,268,867$44,272,331
66$73,960,917$33,216,429$26,045,066$47,490,176
67$81,432,408$34,771,511$26,845,054$50,983,275
68$89,663,707$36,400,509$27,669,556$54,777,437
69$98,732,242$38,106,970$28,519,323$58,901,006
70$108,723,337$39,894,618$29,395,127$63,385,108
71$119,731,017$41,767,354$30,297,763$68,263,938
72$131,858,893$43,729,267$31,228,051$73,575,058
73$145,221,145$45,784,646$32,186,835$79,359,747
74$159,943,596$47,937,987$33,174,988$85,663,362
75$176,164,898$50,194,004$34,193,405$92,535,760
76$194,037,845$52,557,637$35,243,012$100,031,742
77$213,730,812$55,034,069$36,324,760$108,211,555
78$235,429,347$57,628,731$37,439,632$117,141,440
79$259,337,920$60,347,317$38,588,638$126,894,236
80$285,681,852$63,195,801$39,772,822$137,550,049
81$314,709,447$66,180,440$40,993,258$149,196,979
82$346,694,330$69,307,801$42,251,051$161,931,934
83$381,938,033$72,584,765$43,547,343$175,861,514
84$420,772,841$76,018,548$44,883,308$191,102,996
85$463,564,930$79,616,715$46,260,158$207,785,413
86$510,717,819$83,387,201$47,679,139$226,050,739
87$562,676,185$87,338,322$49,141,539$246,055,205
88$619,930,057$91,478,801$50,648,681$267,970,737
89$683,019,442$95,817,781$52,201,931$291,986,550
90$752,539,424$100,364,851$53,802,695$318,310,899
91$829,145,783$105,130,066$55,452,422$347,173,007
92$913,561,181$110,123,968$57,152,607$378,825,192
93$1,006,581,989$115,357,610$58,904,787$413,545,212
94$1,109,085,804$120,842,585$60,710,549$451,638,840
95$1,222,039,729$126,591,045$62,571,526$493,442,712
96$1,346,509,511$132,615,736$64,489,402$539,327,458
97$1,483,669,595$138,930,021$66,465,911$589,701,155
98$1,634,814,216$145,547,914$68,502,841$645,013,125
99$1,801,369,613$152,484,108$70,602,033$705,758,129
100$1,984,907,497$159,754,013$72,765,384$772,480,982