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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,249,959
2 years$662,268$649,934$637,980$626,390$615,148$573,376
3 years$437,126$424,739$412,815$401,334$390,275$349,893
4 years$324,577$312,228$300,424$289,139$278,348$239,665
5 years$257,066$244,791$233,141$222,086$211,595$174,717
6 years$212,073$199,890$188,413$177,604$167,428$132,383
7 years$179,948$167,867$156,572$146,018$136,164$102,949
8 years$155,865$143,893$132,785$122,491$112,961$81,553
9 years$137,143$125,285$114,368$104,335$95,130$65,491
10 years$122,175$110,433$99,709$89,938$81,055$53,142
11 years$109,936$98,312$87,782$78,273$69,710$43,469
12 years$99,744$88,239$77,904$68,656$60,409$35,784
13 years$91,127$79,742$69,602$60,613$52,678$29,607
14 years$83,748$72,484$62,538$53,805$46,177$24,597
15 years$77,358$66,215$56,463$47,985$40,658$20,503
16 years$71,772$60,751$51,192$42,965$35,934$17,137
17 years$66,849$55,950$46,583$38,604$31,861$14,356
18 years$62,477$51,700$42,524$34,790$28,330$12,049
19 years$58,570$47,915$38,929$31,436$25,251$10,128
20 years$55,059$44,525$35,727$28,471$22,555$8,525
21 years$51,886$41,473$32,862$25,839$20,184$7,183
22 years$49,005$38,714$30,287$23,494$18,092$6,058
23 years$46,378$36,208$27,965$21,396$16,240$5,113
24 years$43,974$33,925$25,863$19,515$14,597$4,318
25 years$41,766$31,837$23,954$17,822$13,135$3,648
26 years$39,731$29,921$22,216$16,295$11,832$3,084
27 years$37,850$28,159$20,630$14,916$10,667$2,608
28 years$36,106$26,534$19,178$13,666$9,625$2,207
29 years$34,486$25,032$17,847$12,532$8,691$1,867
30 years$32,976$23,640$16,624$11,501$7,853$1,580
31 years$31,567$22,348$15,498$10,563$7,100$1,338
32 years$30,248$21,146$14,460$9,708$6,423$1,133
33 years$29,012$20,025$13,501$8,927$5,812$959
34 years$27,851$18,979$12,615$8,214$5,262$812
35 years$26,759$18,002$11,794$7,561$4,766$688
36 years$25,729$17,086$11,033$6,964$4,319$583
37 years$24,758$16,228$10,327$6,416$3,914$494
38 years$23,840$15,422$9,670$5,914$3,549$418
39 years$22,971$14,665$9,060$5,453$3,218$354
40 years$22,148$13,953$8,492$5,029$2,919$300
41 years$21,367$13,282$7,963$4,640$2,648$254
42 years$20,625$12,649$7,469$4,282$2,403$216
43 years$19,919$12,052$7,009$3,953$2,181$183
44 years$19,248$11,488$6,579$3,650$1,979$155
45 years$18,608$10,955$6,178$3,371$1,797$131
46 years$17,998$10,451$5,802$3,114$1,631$111
47 years$17,415$9,973$5,451$2,877$1,481$94
48 years$16,858$9,521$5,122$2,658$1,345$80
49 years$16,326$9,092$4,815$2,457$1,222$68
50 years$15,817$8,685$4,527$2,271$1,110$57

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 $6,779 every year, while hoping to spend $44,527 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: 71/16/13 Blend
50$16,200,000$16,200,000$16,200,000$16,200,000
51$17,859,393$17,000,793$16,749,693$19,076,772
52$19,633,674$17,786,455$17,263,431$20,670,495
53$21,587,440$18,609,123$17,792,887$22,408,498
54$23,738,951$19,470,561$18,338,541$24,309,909
55$26,108,328$20,372,623$18,900,886$26,390,847
56$28,717,744$21,317,248$19,480,432$28,669,055
57$31,591,630$22,306,470$20,077,703$31,164,062
58$34,756,911$23,342,421$20,693,240$33,897,363
59$38,243,252$24,427,336$21,327,600$36,892,620
60$42,083,346$25,563,557$21,981,357$40,175,882
61$46,313,217$26,753,541$22,655,102$43,775,827
62$50,972,562$27,999,862$23,349,444$47,724,029
63$56,105,125$29,305,216$24,065,013$52,055,253
64$61,759,110$30,672,435$24,802,453$56,807,774
65$67,987,637$32,104,482$25,562,433$62,023,743
66$74,849,240$33,604,465$26,345,638$67,749,572
67$82,408,422$35,175,644$27,152,777$74,036,373
68$90,736,265$36,821,435$27,984,579$80,940,431
69$99,911,097$38,545,418$28,841,795$88,523,735
70$110,019,233$40,351,347$29,725,200$96,854,553
71$121,155,791$42,243,159$30,635,590$106,008,077
72$133,425,588$44,224,980$31,573,788$116,067,119
73$146,944,129$46,301,135$32,540,641$127,122,894
74$161,838,698$48,476,159$33,537,021$139,275,871
75$178,249,562$50,754,807$34,563,828$152,636,713
76$196,331,287$53,142,063$35,621,986$167,327,320
77$216,254,208$55,643,154$36,712,452$183,481,970
78$238,206,026$58,263,557$37,836,208$201,248,576
79$262,393,586$61,009,017$38,994,267$220,790,080
80$289,044,831$63,885,557$40,187,673$242,285,976
81$318,410,945$66,899,492$41,417,502$265,934,005
82$350,768,735$70,057,440$42,684,862$291,952,004
83$386,423,236$73,366,344$43,990,894$320,579,957
84$425,710,592$76,833,481$45,336,776$352,082,250
85$469,001,233$80,466,482$46,723,718$386,750,159
86$516,703,365$84,273,347$48,152,970$424,904,585
87$569,266,832$88,262,464$49,625,818$466,899,073
88$627,187,354$92,442,630$51,143,587$513,123,140
89$691,011,211$96,823,066$52,707,644$564,005,939
90$761,340,400$101,413,441$54,319,396$620,020,297
91$838,838,316$106,223,896$55,980,291$681,687,163
92$924,236,018$111,265,060$57,691,824$749,580,518
93$1,018,339,125$116,548,082$59,455,534$824,332,774
94$1,122,035,427$122,084,649$61,273,006$906,640,729
95$1,236,303,262$127,887,018$63,145,872$997,272,131
96$1,362,220,753$133,968,039$65,075,817$1,097,072,910
97$1,500,975,986$140,341,190$67,064,574$1,206,975,143
98$1,653,878,228$147,020,599$69,113,928$1,328,005,837
99$1,822,370,283$154,021,085$71,225,720$1,461,296,608
100$2,008,042,117$161,358,183$73,401,847$1,608,094,339