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%18.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,254,666
2 years$666,356$653,946$641,918$630,257$618,945$573,955
3 years$439,824$427,361$415,363$403,811$392,684$349,237
4 years$326,581$314,155$302,278$290,923$280,066$238,493
5 years$258,653$246,302$234,580$223,457$212,901$173,312
6 years$213,382$201,124$189,576$178,700$168,462$130,887
7 years$181,058$168,903$157,538$146,919$137,004$101,438
8 years$156,827$144,781$133,605$123,247$113,658$80,071
9 years$137,990$126,058$115,074$104,979$95,717$64,066
10 years$122,929$111,114$100,324$90,493$81,556$51,789
11 years$110,615$98,918$88,324$78,756$70,140$42,198
12 years$100,360$88,784$78,385$69,080$60,782$34,599
13 years$91,690$80,235$70,032$60,987$53,003$28,510
14 years$84,265$72,931$62,924$54,137$46,462$23,587
15 years$77,835$66,624$56,812$48,281$40,909$19,577
16 years$72,215$61,126$51,508$43,230$36,156$16,293
17 years$67,261$56,295$46,870$38,842$32,058$13,589
18 years$62,863$52,019$42,787$35,005$28,505$11,354
19 years$58,932$48,211$39,169$31,630$25,407$9,501
20 years$55,399$44,800$35,948$28,647$22,694$7,960
21 years$52,206$41,729$33,065$25,999$20,308$6,676
22 years$49,307$38,953$30,474$23,639$18,204$5,604
23 years$46,665$36,432$28,138$21,528$16,341$4,707
24 years$44,246$34,134$26,023$19,635$14,687$3,956
25 years$42,024$32,033$24,102$17,932$13,216$3,327
26 years$39,976$30,106$22,353$16,396$11,905$2,799
27 years$38,084$28,333$20,757$15,008$10,733$2,356
28 years$36,329$26,698$19,296$13,750$9,685$1,983
29 years$34,699$25,187$17,957$12,609$8,745$1,670
30 years$33,180$23,786$16,726$11,572$7,902$1,406
31 years$31,762$22,486$15,593$10,628$7,144$1,185
32 years$30,435$21,276$14,549$9,768$6,462$998
33 years$29,191$20,149$13,584$8,982$5,848$841
34 years$28,023$19,097$12,692$8,264$5,295$709
35 years$26,924$18,113$11,867$7,608$4,796$597
36 years$25,888$17,192$11,101$7,007$4,345$503
37 years$24,911$16,328$10,390$6,456$3,938$424
38 years$23,987$15,518$9,730$5,950$3,570$358
39 years$23,113$14,756$9,116$5,486$3,238$302
40 years$22,285$14,039$8,544$5,060$2,937$254
41 years$21,499$13,364$8,012$4,669$2,664$214
42 years$20,752$12,727$7,515$4,309$2,418$181
43 years$20,042$12,126$7,052$3,978$2,194$152
44 years$19,367$11,559$6,620$3,673$1,992$128
45 years$18,723$11,023$6,216$3,392$1,808$108
46 years$18,109$10,515$5,838$3,133$1,642$91
47 years$17,523$10,035$5,485$2,895$1,491$77
48 years$16,963$9,579$5,154$2,675$1,354$65
49 years$16,427$9,148$4,845$2,472$1,229$55
50 years$15,914$8,738$4,555$2,285$1,117$46

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 $6,182 every year, while hoping to spend $49,681 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: 56/31/13 Blend
50$16,300,000$16,300,000$16,300,000$16,300,000
51$17,968,977$17,105,077$16,852,427$18,915,134
52$19,748,952$17,890,365$17,364,123$20,342,250
53$21,708,820$18,712,468$17,891,296$21,890,020
54$23,866,877$19,573,136$18,434,411$23,574,782
55$26,243,284$20,474,205$18,993,949$25,409,642
56$28,860,257$21,417,599$19,570,405$27,409,000
57$31,742,276$22,405,335$20,164,286$29,588,689
58$34,916,317$23,439,525$20,776,119$31,966,113
59$38,412,104$24,522,384$21,406,442$34,560,409
60$42,262,393$25,656,235$22,055,812$37,392,621
61$46,503,277$26,843,511$22,724,801$40,485,892
62$51,174,530$28,086,762$23,414,001$43,865,674
63$56,319,981$29,388,662$24,124,019$47,559,968
64$61,987,925$30,752,013$24,855,480$51,599,573
65$68,231,584$32,179,752$25,609,029$56,018,374
66$75,109,604$33,674,958$26,385,330$60,853,655
67$82,686,612$35,240,859$27,185,066$66,146,439
68$91,033,823$36,880,838$28,008,943$71,941,870
69$100,229,714$38,598,440$28,857,684$78,289,628
70$110,360,766$40,397,385$29,732,037$85,244,391
71$121,522,274$42,281,567$30,632,771$92,866,340
72$133,819,256$44,255,073$31,560,678$101,221,717
73$147,367,433$46,322,185$32,516,573$110,383,438
74$162,294,330$48,487,391$33,501,298$120,431,776
75$178,740,476$50,755,398$34,515,716$131,455,100
76$196,860,732$53,131,139$35,560,720$143,550,701
77$216,825,748$55,619,787$36,637,225$156,825,698
78$238,823,581$58,226,763$37,746,179$171,398,034
79$263,061,463$60,957,751$38,888,553$187,397,575
80$289,767,762$63,818,711$40,065,349$204,967,325
81$319,194,136$66,815,889$41,277,600$224,264,758
82$351,617,906$69,955,837$42,526,369$245,463,287
83$387,344,680$73,245,420$43,812,749$268,753,888
84$426,711,229$76,691,837$45,137,868$294,346,883
85$470,088,674$80,302,637$46,502,886$322,473,910
86$517,885,985$84,085,732$47,908,999$353,390,084
87$570,553,842$88,049,419$49,357,437$387,376,395
88$628,588,890$92,202,397$50,849,467$424,742,330
89$692,538,427$96,553,785$52,386,395$465,828,781
90$763,005,572$101,113,146$53,969,564$511,011,233
91$840,654,955$105,890,504$55,600,359$560,703,289
92$926,218,993$110,896,372$57,280,204$615,360,550
93$1,020,504,806$116,141,770$59,010,566$675,484,886
94$1,124,401,833$121,638,254$60,792,958$741,629,150
95$1,238,890,232$127,397,940$62,628,933$814,402,365
96$1,365,050,129$133,433,532$64,520,096$894,475,446
97$1,504,071,817$139,758,351$66,468,094$982,587,501
98$1,657,266,995$146,386,363$68,474,628$1,079,552,776
99$1,826,081,147$153,332,212$70,541,446$1,186,268,305
100$2,012,107,189$160,611,256$72,670,350$1,303,722,345