Can I retire at age 51 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,270,427
2 years$666,356$653,946$641,918$630,257$618,945$589,525
3 years$439,824$427,361$415,363$403,811$392,684$364,121
4 years$326,581$314,155$302,278$290,923$280,066$252,579
5 years$258,653$246,302$234,580$223,457$212,901$186,568
6 years$213,382$201,124$189,576$178,700$168,462$143,310
7 years$181,058$168,903$157,538$146,919$137,004$113,038
8 years$156,827$144,781$133,605$123,247$113,658$90,868
9 years$137,990$126,058$115,074$104,979$95,717$74,086
10 years$122,929$111,114$100,324$90,493$81,556$61,061
11 years$110,615$98,918$88,324$78,756$70,140$50,754
12 years$100,360$88,784$78,385$69,080$60,782$42,474
13 years$91,690$80,235$70,032$60,987$53,003$35,739
14 years$84,265$72,931$62,924$54,137$46,462$30,207
15 years$77,835$66,624$56,812$48,281$40,909$25,626
16 years$72,215$61,126$51,508$43,230$36,156$21,806
17 years$67,261$56,295$46,870$38,842$32,058$18,603
18 years$62,863$52,019$42,787$35,005$28,505$15,905
19 years$58,932$48,211$39,169$31,630$25,407$13,623
20 years$55,399$44,800$35,948$28,647$22,694$11,686
21 years$52,206$41,729$33,065$25,999$20,308$10,038
22 years$49,307$38,953$30,474$23,639$18,204$8,632
23 years$46,665$36,432$28,138$21,528$16,341$7,430
24 years$44,246$34,134$26,023$19,635$14,687$6,400
25 years$42,024$32,033$24,102$17,932$13,216$5,517
26 years$39,976$30,106$22,353$16,396$11,905$4,759
27 years$38,084$28,333$20,757$15,008$10,733$4,107
28 years$36,329$26,698$19,296$13,750$9,685$3,546
29 years$34,699$25,187$17,957$12,609$8,745$3,063
30 years$33,180$23,786$16,726$11,572$7,902$2,646
31 years$31,762$22,486$15,593$10,628$7,144$2,287
32 years$30,435$21,276$14,549$9,768$6,462$1,977
33 years$29,191$20,149$13,584$8,982$5,848$1,709
34 years$28,023$19,097$12,692$8,264$5,295$1,478
35 years$26,924$18,113$11,867$7,608$4,796$1,279
36 years$25,888$17,192$11,101$7,007$4,345$1,106
37 years$24,911$16,328$10,390$6,456$3,938$957
38 years$23,987$15,518$9,730$5,950$3,570$828
39 years$23,113$14,756$9,116$5,486$3,238$716
40 years$22,285$14,039$8,544$5,060$2,937$620
41 years$21,499$13,364$8,012$4,669$2,664$537
42 years$20,752$12,727$7,515$4,309$2,418$464
43 years$20,042$12,126$7,052$3,978$2,194$402
44 years$19,367$11,559$6,620$3,673$1,992$348
45 years$18,723$11,023$6,216$3,392$1,808$301
46 years$18,109$10,515$5,838$3,133$1,642$261
47 years$17,523$10,035$5,485$2,895$1,491$226
48 years$16,963$9,579$5,154$2,675$1,354$195
49 years$16,427$9,148$4,845$2,472$1,229$169
50 years$15,914$8,738$4,555$2,285$1,117$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,300,000, adding $2,349 every year, while hoping to spend $49,508 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: 70/24/6 Blend
50$16,300,000$16,300,000$16,300,000$16,300,000
51$17,965,023$17,101,123$16,848,473$19,208,165
52$19,744,779$17,886,402$17,360,221$20,815,197
53$21,704,411$18,708,500$17,887,453$22,566,664
54$23,862,214$19,569,170$18,430,635$24,481,703
55$26,238,348$20,470,247$18,990,249$26,576,360
56$28,855,025$21,413,655$19,566,789$28,868,284
57$31,736,726$22,401,412$20,160,764$31,376,898
58$34,910,422$23,435,632$20,772,700$34,123,574
59$38,405,837$24,518,529$21,403,137$37,131,831
60$42,255,723$25,652,427$22,052,633$40,427,553
61$46,496,170$26,839,760$22,721,759$44,039,231
62$51,166,949$28,083,078$23,411,108$47,998,221
63$56,311,885$29,385,056$24,121,288$52,339,042
64$61,979,271$30,748,497$24,852,924$57,099,690
65$68,222,323$32,176,339$25,606,663$62,321,998
66$75,099,682$33,671,663$26,383,169$68,052,019
67$82,675,971$35,237,695$27,183,126$74,340,456
68$91,022,399$36,877,821$28,007,240$81,243,137
69$100,217,437$38,595,588$28,856,236$88,821,533
70$110,347,558$40,394,714$29,730,862$97,143,331
71$121,508,052$42,279,098$30,631,889$106,283,068
72$133,803,924$44,252,825$31,560,108$116,322,823
73$147,350,890$46,320,179$32,516,338$127,352,988
74$162,276,465$48,485,652$33,501,419$139,473,112
75$178,721,165$50,753,949$34,516,217$152,792,827
76$196,839,838$53,130,007$35,561,624$167,432,882
77$216,803,123$55,618,999$36,638,560$183,526,267
78$238,799,060$58,226,348$37,747,970$201,219,460
79$263,034,866$60,957,741$38,890,830$220,673,802
80$289,738,891$63,819,139$40,068,141$242,067,004
81$319,162,772$66,816,791$41,280,938$265,594,817
82$351,583,810$69,957,250$42,530,285$291,472,867
83$387,307,587$73,247,383$43,817,278$319,938,677
84$426,670,850$76,694,394$45,143,045$351,253,898
85$470,044,688$80,305,831$46,508,749$385,706,761
86$517,838,041$84,089,611$47,915,587$423,614,789
87$570,501,552$88,054,033$49,364,790$465,327,776
88$628,531,829$92,207,800$50,857,629$511,231,073
89$692,476,127$96,560,032$52,395,410$561,749,211
90$762,937,515$101,120,297$53,979,480$617,349,892
91$840,580,572$105,898,623$55,611,224$678,548,381
92$926,137,660$110,905,525$57,292,069$745,912,359
93$1,020,415,834$116,152,028$59,023,486$820,067,256
94$1,124,304,463$121,649,692$60,806,987$901,702,135
95$1,238,783,628$127,410,637$62,644,131$991,576,180
96$1,364,933,372$133,447,571$64,536,523$1,090,525,834
97$1,503,943,895$139,773,821$66,485,815$1,199,472,677
98$1,657,126,791$146,403,358$68,493,709$1,319,432,096
99$1,825,927,433$153,350,831$70,561,957$1,451,522,847
100$2,011,938,611$160,631,602$72,692,363$1,596,977,591