Can I retire at age 51 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,247,963
2 years$662,268$649,934$637,980$626,390$615,148$571,412
3 years$437,126$424,739$412,815$401,334$390,275$348,024
4 years$324,577$312,228$300,424$289,139$278,348$237,904
5 years$257,066$244,791$233,141$222,086$211,595$173,067
6 years$212,073$199,890$188,413$177,604$167,428$130,846
7 years$179,948$167,867$156,572$146,018$136,164$101,522
8 years$155,865$143,893$132,785$122,491$112,961$80,232
9 years$137,143$125,285$114,368$104,335$95,130$64,274
10 years$122,175$110,433$99,709$89,938$81,055$52,022
11 years$109,936$98,312$87,782$78,273$69,710$42,443
12 years$99,744$88,239$77,904$68,656$60,409$34,846
13 years$91,127$79,742$69,602$60,613$52,678$28,753
14 years$83,748$72,484$62,538$53,805$46,177$23,821
15 years$77,358$66,215$56,463$47,985$40,658$19,800
16 years$71,772$60,751$51,192$42,965$35,934$16,502
17 years$66,849$55,950$46,583$38,604$31,861$13,783
18 years$62,477$51,700$42,524$34,790$28,330$11,534
19 years$58,570$47,915$38,929$31,436$25,251$9,666
20 years$55,059$44,525$35,727$28,471$22,555$8,111
21 years$51,886$41,473$32,862$25,839$20,184$6,813
22 years$49,005$38,714$30,287$23,494$18,092$5,728
23 years$46,378$36,208$27,965$21,396$16,240$4,819
24 years$43,974$33,925$25,863$19,515$14,597$4,057
25 years$41,766$31,837$23,954$17,822$13,135$3,417
26 years$39,731$29,921$22,216$16,295$11,832$2,879
27 years$37,850$28,159$20,630$14,916$10,667$2,427
28 years$36,106$26,534$19,178$13,666$9,625$2,047
29 years$34,486$25,032$17,847$12,532$8,691$1,726
30 years$32,976$23,640$16,624$11,501$7,853$1,456
31 years$31,567$22,348$15,498$10,563$7,100$1,229
32 years$30,248$21,146$14,460$9,708$6,423$1,037
33 years$29,012$20,025$13,501$8,927$5,812$875
34 years$27,851$18,979$12,615$8,214$5,262$739
35 years$26,759$18,002$11,794$7,561$4,766$624
36 years$25,729$17,086$11,033$6,964$4,319$526
37 years$24,758$16,228$10,327$6,416$3,914$444
38 years$23,840$15,422$9,670$5,914$3,549$375
39 years$22,971$14,665$9,060$5,453$3,218$317
40 years$22,148$13,953$8,492$5,029$2,919$268
41 years$21,367$13,282$7,963$4,640$2,648$226
42 years$20,625$12,649$7,469$4,282$2,403$191
43 years$19,919$12,052$7,009$3,953$2,181$161
44 years$19,248$11,488$6,579$3,650$1,979$136
45 years$18,608$10,955$6,178$3,371$1,797$115
46 years$17,998$10,451$5,802$3,114$1,631$97
47 years$17,415$9,973$5,451$2,877$1,481$82
48 years$16,858$9,521$5,122$2,658$1,345$69
49 years$16,326$9,092$4,815$2,457$1,222$58
50 years$15,817$8,685$4,527$2,271$1,110$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,200,000, adding $2,790 every year, while hoping to spend $37,124 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: 72/21/7 Blend
50$16,200,000$16,200,000$16,200,000$16,200,000
51$17,855,278$16,996,678$16,745,578$19,122,501
52$19,637,017$17,790,015$17,267,055$20,752,342
53$21,599,248$18,620,982$17,804,758$22,531,316
54$23,760,344$19,491,383$18,359,190$24,477,978
55$26,140,548$20,403,110$18,930,871$26,608,843
56$28,762,168$21,358,145$19,520,339$28,942,088
57$31,649,783$22,358,569$20,128,145$31,497,714
58$34,830,483$23,406,561$20,754,859$34,297,735
59$38,334,115$24,504,405$21,401,070$37,366,381
60$42,193,572$25,654,498$22,067,383$40,730,319
61$46,445,099$26,859,351$22,754,423$44,418,909
62$51,128,637$28,121,597$23,462,834$48,464,467
63$56,288,198$29,443,996$24,193,280$52,902,571
64$61,972,286$30,829,443$24,946,445$57,772,392
65$68,234,344$32,280,971$25,723,037$63,117,055
66$75,133,271$33,801,762$26,523,782$68,984,044
67$82,733,967$35,395,151$27,349,431$75,425,645
68$91,107,953$37,064,635$28,200,759$82,499,431
69$100,334,042$38,813,880$29,078,562$90,268,801
70$110,499,085$40,646,730$29,983,664$98,803,572
71$121,698,786$42,567,215$30,916,912$108,180,630
72$134,038,615$44,579,561$31,879,181$118,484,652
73$147,634,793$46,688,198$32,871,372$129,808,894
74$162,615,394$48,897,772$33,894,415$142,256,066
75$179,121,554$51,213,154$34,949,269$155,939,295
76$197,308,804$53,639,450$36,036,921$170,983,180
77$217,348,535$56,182,015$37,158,390$187,524,964
78$239,429,616$58,846,464$38,314,726$205,715,816
79$263,760,180$61,638,685$39,507,013$225,722,253
80$290,569,588$64,564,849$40,736,368$247,727,699
81$320,110,590$67,631,431$42,003,940$271,934,207
82$352,661,716$70,845,217$43,310,918$298,564,354
83$388,529,902$74,213,323$44,658,524$327,863,331
84$428,053,388$77,743,212$46,048,021$360,101,249
85$471,604,913$81,442,710$47,480,709$395,575,670
86$519,595,232$85,320,020$48,957,930$434,614,409
87$572,476,991$89,383,746$50,481,067$477,578,609
88$630,749,006$93,642,911$52,051,544$524,866,141
89$694,960,966$98,106,975$53,670,832$576,915,342
90$765,718,626$102,785,859$55,340,447$634,209,136
91$843,689,524$107,689,964$57,061,950$697,279,581
92$929,609,283$112,830,200$58,836,953$766,712,869
93$1,024,288,556$118,218,006$60,667,117$843,154,845
94$1,128,620,677$123,865,376$62,554,153$927,317,081
95$1,243,590,096$129,784,891$64,499,828$1,019,983,581
96$1,370,281,676$135,989,740$66,505,962$1,122,018,154
97$1,509,890,926$142,493,756$68,574,431$1,234,372,550
98$1,663,735,296$149,311,445$70,707,170$1,358,095,421
99$1,833,266,609$156,458,020$72,906,173$1,494,342,198
100$2,020,084,772$163,949,431$75,173,499$1,644,385,974