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%15.9%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,268,363
2 years$666,356$653,946$641,918$630,257$618,945$587,477
3 years$439,824$427,361$415,363$403,811$392,684$362,153
4 years$326,581$314,155$302,278$290,923$280,066$250,707
5 years$258,653$246,302$234,580$223,457$212,901$184,797
6 years$213,382$201,124$189,576$178,700$168,462$141,640
7 years$181,058$168,903$157,538$146,919$137,004$111,468
8 years$156,827$144,781$133,605$123,247$113,658$89,398
9 years$137,990$126,058$115,074$104,979$95,717$72,712
10 years$122,929$111,114$100,324$90,493$81,556$59,780
11 years$110,615$98,918$88,324$78,756$70,140$49,563
12 years$100,360$88,784$78,385$69,080$60,782$41,369
13 years$91,690$80,235$70,032$60,987$53,003$34,717
14 years$84,265$72,931$62,924$54,137$46,462$29,263
15 years$77,835$66,624$56,812$48,281$40,909$24,756
16 years$72,215$61,126$51,508$43,230$36,156$21,006
17 years$67,261$56,295$46,870$38,842$32,058$17,869
18 years$62,863$52,019$42,787$35,005$28,505$15,232
19 years$58,932$48,211$39,169$31,630$25,407$13,008
20 years$55,399$44,800$35,948$28,647$22,694$11,125
21 years$52,206$41,729$33,065$25,999$20,308$9,527
22 years$49,307$38,953$30,474$23,639$18,204$8,167
23 years$46,665$36,432$28,138$21,528$16,341$7,007
24 years$44,246$34,134$26,023$19,635$14,687$6,017
25 years$42,024$32,033$24,102$17,932$13,216$5,171
26 years$39,976$30,106$22,353$16,396$11,905$4,446
27 years$38,084$28,333$20,757$15,008$10,733$3,824
28 years$36,329$26,698$19,296$13,750$9,685$3,291
29 years$34,699$25,187$17,957$12,609$8,745$2,833
30 years$33,180$23,786$16,726$11,572$7,902$2,440
31 years$31,762$22,486$15,593$10,628$7,144$2,102
32 years$30,435$21,276$14,549$9,768$6,462$1,811
33 years$29,191$20,149$13,584$8,982$5,848$1,560
34 years$28,023$19,097$12,692$8,264$5,295$1,345
35 years$26,924$18,113$11,867$7,608$4,796$1,159
36 years$25,888$17,192$11,101$7,007$4,345$1,000
37 years$24,911$16,328$10,390$6,456$3,938$862
38 years$23,987$15,518$9,730$5,950$3,570$743
39 years$23,113$14,756$9,116$5,486$3,238$641
40 years$22,285$14,039$8,544$5,060$2,937$553
41 years$21,499$13,364$8,012$4,669$2,664$477
42 years$20,752$12,727$7,515$4,309$2,418$411
43 years$20,042$12,126$7,052$3,978$2,194$355
44 years$19,367$11,559$6,620$3,673$1,992$306
45 years$18,723$11,023$6,216$3,392$1,808$264
46 years$18,109$10,515$5,838$3,133$1,642$228
47 years$17,523$10,035$5,485$2,895$1,491$196
48 years$16,963$9,579$5,154$2,675$1,354$169
49 years$16,427$9,148$4,845$2,472$1,229$146
50 years$15,914$8,738$4,555$2,285$1,117$126

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 $6,269 every year, while hoping to spend $40,889 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: 72/15/13 Blend
50$16,300,000$16,300,000$16,300,000$16,300,000
51$17,969,066$17,105,166$16,852,516$19,212,543
52$19,758,406$17,899,814$17,373,570$20,831,575
53$21,728,887$18,732,029$17,910,709$22,598,267
54$23,898,944$19,603,609$18,464,428$24,531,735
55$26,288,888$20,516,438$19,035,239$26,648,462
56$28,921,103$21,472,492$19,623,667$28,966,588
57$31,820,253$22,473,840$20,230,257$31,506,082
58$35,013,515$23,522,655$20,855,567$34,288,925
59$38,530,839$24,621,211$21,500,174$37,339,315
60$42,405,228$25,771,893$22,164,673$40,683,894
61$46,673,048$26,977,203$22,849,676$44,351,991
62$51,374,374$28,239,761$23,555,816$48,375,902
63$56,553,366$29,562,316$24,283,742$52,791,186
64$62,258,688$30,947,748$25,034,126$57,636,996
65$68,543,965$32,399,078$25,807,660$62,956,450
66$75,468,289$33,919,472$26,605,056$68,797,029
67$83,096,778$35,512,250$27,427,049$75,211,020
68$91,501,191$37,180,892$28,274,397$82,256,010
69$100,760,604$38,929,046$29,147,880$89,995,418
70$110,962,154$40,760,539$30,048,303$98,499,096
71$122,201,868$42,679,379$30,976,495$107,843,975
72$134,585,562$44,689,772$31,933,311$118,114,792
73$148,229,844$46,796,126$32,919,632$129,404,880
74$163,263,215$49,003,063$33,936,367$141,817,047
75$179,827,279$51,315,429$34,984,450$155,464,534
76$198,078,080$53,738,304$36,064,848$170,472,084
77$218,187,578$56,277,014$37,178,554$186,977,108
78$240,345,269$58,937,146$38,326,594$205,130,977
79$264,759,976$61,724,555$39,510,024$225,100,441
80$291,661,816$64,645,381$40,729,933$247,069,200
81$321,304,378$67,706,062$41,987,442$271,239,623
82$353,967,113$70,913,347$43,283,710$297,834,657
83$389,957,972$74,274,315$44,619,928$327,099,915
84$429,616,314$77,796,385$45,997,324$359,305,993
85$473,316,110$81,487,340$47,417,166$394,751,009
86$521,469,472$85,355,338$48,880,760$433,763,407
87$574,530,542$89,408,934$50,389,450$476,705,052
88$632,999,784$93,657,098$51,944,623$523,974,627
89$697,428,704$98,109,238$53,547,709$576,011,391
90$768,425,055$102,775,214$55,200,182$633,299,314
91$846,658,582$107,665,370$56,903,558$696,371,625
92$932,867,334$112,790,551$58,659,405$765,815,843
93$1,027,864,641$118,162,126$60,469,333$842,279,300
94$1,132,546,785$123,792,021$62,335,007$926,475,243
95$1,247,901,467$129,692,740$64,258,139$1,019,189,551
96$1,375,017,126$135,877,393$66,240,496$1,121,288,137
97$1,515,093,217$142,359,731$68,283,898$1,233,725,105
98$1,669,451,538$149,154,170$70,390,220$1,357,551,742
99$1,839,548,699$156,275,828$72,561,397$1,493,926,421
100$2,026,989,883$163,740,561$74,799,421$1,644,125,521