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%16.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,241,495
2 years$654,092$641,910$630,104$618,657$607,554$573,174
3 years$431,730$419,495$407,719$396,379$385,457$352,141
4 years$320,570$308,373$296,715$285,569$274,911$242,916
5 years$253,892$241,768$230,263$219,344$208,983$178,396
6 years$209,455$197,422$186,087$175,411$165,361$136,212
7 years$177,726$165,795$154,639$144,215$134,483$106,773
8 years$153,940$142,117$131,146$120,979$111,567$85,282
9 years$135,450$123,738$112,956$103,047$93,955$69,071
10 years$120,667$109,069$98,478$88,828$80,054$56,540
11 years$108,579$97,098$86,698$77,307$68,850$46,668
12 years$98,513$87,150$76,942$67,808$59,664$38,774
13 years$90,002$78,758$68,743$59,865$52,028$32,386
14 years$82,714$71,589$61,766$53,141$45,607$27,168
15 years$76,403$65,398$55,766$47,392$40,156$22,871
16 years$70,886$60,001$50,560$42,435$35,490$19,310
17 years$66,023$55,259$46,008$38,127$31,468$16,343
18 years$61,706$51,062$41,999$34,360$27,980$13,859
19 years$57,847$47,323$38,448$31,048$24,939$11,774
20 years$54,379$43,975$35,286$28,120$22,276$10,016
21 years$51,245$40,961$32,456$25,520$19,935$8,531
22 years$48,400$38,236$29,913$23,204$17,869$7,274
23 years$45,806$35,761$27,620$21,132$16,040$6,207
24 years$43,431$33,506$25,544$19,274$14,417$5,300
25 years$41,250$31,444$23,659$17,602$12,973$4,529
26 years$39,241$29,552$21,942$16,094$11,686$3,872
27 years$37,383$27,812$20,375$14,731$10,536$3,312
28 years$35,661$26,207$18,941$13,497$9,506$2,834
29 years$34,060$24,723$17,627$12,377$8,584$2,426
30 years$32,569$23,348$16,418$11,359$7,756$2,077
31 years$31,177$22,072$15,306$10,433$7,012$1,779
32 years$29,875$20,885$14,281$9,588$6,343$1,524
33 years$28,654$19,778$13,334$8,817$5,741$1,305
34 years$27,507$18,745$12,459$8,112$5,197$1,119
35 years$26,428$17,779$11,648$7,468$4,708$959
36 years$25,412$16,875$10,897$6,878$4,265$822
37 years$24,452$16,028$10,199$6,337$3,866$704
38 years$23,546$15,232$9,551$5,841$3,505$604
39 years$22,688$14,484$8,948$5,385$3,178$517
40 years$21,875$13,780$8,387$4,967$2,883$444
41 years$21,103$13,118$7,864$4,583$2,615$380
42 years$20,370$12,493$7,377$4,230$2,373$326
43 years$19,674$11,903$6,922$3,904$2,154$280
44 years$19,010$11,346$6,498$3,605$1,955$240
45 years$18,378$10,820$6,101$3,329$1,775$206
46 years$17,776$10,322$5,731$3,075$1,611$176
47 years$17,200$9,850$5,384$2,841$1,463$151
48 years$16,650$9,403$5,059$2,625$1,329$130
49 years$16,125$8,979$4,755$2,426$1,207$111
50 years$15,622$8,577$4,471$2,243$1,096$95

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 $5,249 every year, while hoping to spend $29,372 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: 47/29/24 Blend
50$16,000,000$16,000,000$16,000,000$16,000,000
51$17,637,414$16,789,414$16,541,414$18,345,183
52$19,405,179$17,580,844$17,064,300$19,633,810
53$21,352,271$18,410,069$17,603,718$21,028,412
54$23,496,952$19,278,911$18,160,191$22,541,636
55$25,859,342$20,189,279$18,734,259$24,184,621
56$28,461,615$21,143,175$19,326,477$25,969,597
57$31,328,206$22,142,696$19,937,421$27,910,000
58$34,486,040$23,190,045$20,567,681$30,020,593
59$37,964,787$24,287,528$21,217,869$32,317,597
60$41,797,143$25,437,565$21,888,616$34,818,838
61$46,019,138$26,642,692$22,580,570$37,543,910
62$50,670,475$27,905,569$23,294,404$40,514,354
63$55,794,906$29,228,984$24,030,809$43,753,850
64$61,440,644$30,615,862$24,790,499$47,288,437
65$67,660,819$32,069,269$25,574,210$51,146,747
66$74,513,979$33,592,419$26,382,703$55,360,272
67$82,064,642$35,188,684$27,216,760$59,963,648
68$90,383,904$36,861,599$28,077,190$64,994,975
69$99,550,114$38,614,869$28,964,828$70,496,168
70$109,649,610$40,452,382$29,880,534$76,513,339
71$120,777,534$42,378,213$30,825,196$83,097,228
72$133,038,732$44,396,634$31,799,729$90,303,665
73$146,548,741$46,512,128$32,805,079$98,194,089
74$161,434,883$48,729,393$33,842,220$106,836,116
75$177,837,465$51,053,356$34,912,157$116,304,166
76$195,911,100$53,489,185$36,015,928$126,680,148
77$215,826,174$56,042,297$37,154,603$138,054,226
78$237,770,448$58,718,373$38,329,287$150,525,651
79$261,950,833$61,523,373$39,541,117$164,203,686
80$288,595,343$64,463,543$40,791,270$179,208,620
81$317,955,247$67,545,436$42,080,956$195,672,890
82$350,307,441$70,775,921$43,411,428$213,742,311
83$385,957,063$74,162,205$44,783,973$233,577,439
84$425,240,372$77,711,841$46,199,925$255,355,065
85$468,527,922$81,432,754$47,660,655$279,269,863
86$516,228,064$85,333,252$49,167,580$305,536,215
87$568,790,793$89,422,048$50,722,161$334,390,205
88$626,712,007$93,708,281$52,325,906$366,091,830
89$690,538,178$98,201,533$53,980,370$400,927,434
90$760,871,516$102,911,853$55,687,157$439,212,379
91$838,375,657$107,849,779$57,447,923$481,294,004
92$923,781,920$113,026,364$59,264,374$527,554,877
93$1,017,896,218$118,453,198$61,138,273$578,416,375
94$1,121,606,663$124,142,436$63,071,436$634,342,634
95$1,235,891,952$130,106,826$65,065,739$695,844,905
96$1,361,830,606$136,359,734$67,123,115$763,486,342
97$1,500,611,148$142,915,182$69,245,560$837,887,291
98$1,653,543,332$149,787,872$71,435,133$919,731,108
99$1,822,070,498$156,993,224$73,693,956$1,009,770,575
100$2,007,783,206$164,547,410$76,024,221$1,108,834,969