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

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,252,174
2 years$666,356$653,946$641,918$630,257$618,945$571,508
3 years$439,824$427,361$415,363$403,811$392,684$346,912
4 years$326,581$314,155$302,278$290,923$280,066$236,309
5 years$258,653$246,302$234,580$223,457$212,901$171,273
6 years$213,382$201,124$189,576$178,700$168,462$128,992
7 years$181,058$168,903$157,538$146,919$137,004$99,684
8 years$156,827$144,781$133,605$123,247$113,658$78,453
9 years$137,990$126,058$115,074$104,979$95,717$62,580
10 years$122,929$111,114$100,324$90,493$81,556$50,428
11 years$110,615$98,918$88,324$78,756$70,140$40,956
12 years$100,360$88,784$78,385$69,080$60,782$33,469
13 years$91,690$80,235$70,032$60,987$53,003$27,485
14 years$84,265$72,931$62,924$54,137$46,462$22,659
15 years$77,835$66,624$56,812$48,281$40,909$18,741
16 years$72,215$61,126$51,508$43,230$36,156$15,540
17 years$67,261$56,295$46,870$38,842$32,058$12,913
18 years$62,863$52,019$42,787$35,005$28,505$10,749
19 years$58,932$48,211$39,169$31,630$25,407$8,961
20 years$55,399$44,800$35,948$28,647$22,694$7,479
21 years$52,206$41,729$33,065$25,999$20,308$6,248
22 years$49,307$38,953$30,474$23,639$18,204$5,224
23 years$46,665$36,432$28,138$21,528$16,341$4,371
24 years$44,246$34,134$26,023$19,635$14,687$3,659
25 years$42,024$32,033$24,102$17,932$13,216$3,065
26 years$39,976$30,106$22,353$16,396$11,905$2,568
27 years$38,084$28,333$20,757$15,008$10,733$2,153
28 years$36,329$26,698$19,296$13,750$9,685$1,805
29 years$34,699$25,187$17,957$12,609$8,745$1,514
30 years$33,180$23,786$16,726$11,572$7,902$1,270
31 years$31,762$22,486$15,593$10,628$7,144$1,065
32 years$30,435$21,276$14,549$9,768$6,462$894
33 years$29,191$20,149$13,584$8,982$5,848$750
34 years$28,023$19,097$12,692$8,264$5,295$629
35 years$26,924$18,113$11,867$7,608$4,796$528
36 years$25,888$17,192$11,101$7,007$4,345$443
37 years$24,911$16,328$10,390$6,456$3,938$372
38 years$23,987$15,518$9,730$5,950$3,570$312
39 years$23,113$14,756$9,116$5,486$3,238$262
40 years$22,285$14,039$8,544$5,060$2,937$220
41 years$21,499$13,364$8,012$4,669$2,664$185
42 years$20,752$12,727$7,515$4,309$2,418$155
43 years$20,042$12,126$7,052$3,978$2,194$130
44 years$19,367$11,559$6,620$3,673$1,992$109
45 years$18,723$11,023$6,216$3,392$1,808$92
46 years$18,109$10,515$5,838$3,133$1,642$77
47 years$17,523$10,035$5,485$2,895$1,491$65
48 years$16,963$9,579$5,154$2,675$1,354$54
49 years$16,427$9,148$4,845$2,472$1,229$46
50 years$15,914$8,738$4,555$2,285$1,117$38

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 $2,842 every year, while hoping to spend $41,993 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: 34/36/30 Blend
50$16,300,000$16,300,000$16,300,000$16,300,000
51$17,965,532$17,101,632$16,848,982$18,413,429
52$19,753,336$17,894,931$17,368,742$19,546,987
53$21,722,088$18,725,695$17,904,507$20,764,571
54$23,890,202$19,595,715$18,456,769$22,076,793
55$26,277,965$20,506,868$19,026,034$23,492,122
56$28,907,736$21,461,123$19,612,824$25,019,840
57$31,804,150$22,460,543$20,217,679$26,670,124
58$34,994,355$23,507,291$20,841,153$28,454,135
59$38,508,266$24,603,635$21,483,818$30,384,114
60$42,378,847$25,751,951$22,146,263$32,473,493
61$46,642,423$26,954,730$22,829,097$34,737,013
62$51,339,023$28,214,585$23,532,945$37,190,851
63$56,512,758$29,534,254$24,258,453$39,852,769
64$62,212,234$30,916,607$25,006,286$42,742,269
65$68,491,014$32,364,653$25,777,129$45,880,770
66$75,408,123$33,881,547$26,571,689$49,291,797
67$83,028,605$35,470,596$27,390,694$53,001,196
68$91,424,136$37,135,268$28,234,894$57,037,364
69$100,673,698$38,879,197$29,105,064$61,431,507
70$110,864,331$40,706,193$30,001,999$66,217,925
71$122,091,950$42,620,253$30,926,523$71,434,316
72$134,462,248$44,625,565$31,879,481$77,122,128
73$148,091,699$46,726,520$32,861,746$83,326,930
74$163,108,655$48,927,722$33,874,217$90,098,830
75$179,654,557$51,233,999$34,917,821$97,492,934
76$197,885,267$53,650,411$35,993,515$105,569,849
77$217,972,548$56,182,265$37,102,281$114,396,238
78$240,105,675$58,835,123$38,245,134$124,045,436
79$264,493,229$61,614,819$39,423,121$134,598,120
80$291,365,062$64,527,469$40,637,320$146,143,057
81$320,974,468$67,579,484$41,888,839$158,777,915
82$353,600,573$70,777,589$43,178,825$172,610,172
83$389,550,973$74,128,832$44,508,457$187,758,106
84$429,164,632$77,640,604$45,878,950$204,351,889
85$472,815,088$81,320,657$47,291,558$222,534,793
86$520,913,973$85,177,116$48,747,572$242,464,517
87$573,914,905$89,218,501$50,248,322$264,314,655
88$632,317,765$93,453,747$51,795,180$288,276,300
89$696,673,418$97,892,221$53,389,559$314,559,827
90$767,588,913$102,543,747$55,032,917$343,396,846
91$845,733,215$107,418,624$56,726,752$375,042,361
92$931,843,519$112,527,652$58,472,614$409,777,141
93$1,026,732,207$117,882,156$60,272,096$447,910,343
94$1,131,294,522$123,494,012$62,126,841$489,782,389
95$1,246,517,016$129,375,670$64,038,542$535,768,148
96$1,373,486,863$135,540,190$66,008,945$586,280,436
97$1,513,402,125$142,001,261$68,039,847$641,773,870
98$1,667,583,061$148,773,243$70,133,102$702,749,123
99$1,837,484,592$155,871,190$72,290,619$769,757,601
100$2,024,710,033$163,310,891$74,514,367$843,406,608