Can I retire at age 51 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,274,077
2 years$670,444$657,958$645,856$634,123$622,742$589,032
3 years$442,523$429,982$417,912$406,289$395,093$362,410
4 years$328,585$316,083$304,133$292,708$281,784$250,378
5 years$260,239$247,813$236,019$224,828$214,208$184,167
6 years$214,691$202,358$190,739$179,797$169,495$140,849
7 years$182,169$169,940$158,505$147,821$137,845$110,596
8 years$157,789$145,670$134,425$124,003$114,356$88,490
9 years$138,836$126,832$115,780$105,623$96,304$71,800
10 years$123,683$111,796$100,940$91,048$82,056$58,884
11 years$111,293$99,525$88,866$79,239$70,571$48,696
12 years$100,976$89,329$78,866$69,503$61,155$40,539
13 years$92,252$80,727$70,462$61,361$53,328$33,929
14 years$84,782$73,379$63,310$54,470$46,747$28,520
15 years$78,313$67,033$57,160$48,577$41,160$24,060
16 years$72,658$61,501$51,824$43,496$36,377$20,357
17 years$67,674$56,640$47,158$39,081$32,255$17,267
18 years$63,249$52,338$43,049$35,219$28,679$14,676
19 years$59,294$48,506$39,409$31,824$25,563$12,495
20 years$55,738$45,075$36,168$28,823$22,833$10,654
21 years$52,526$41,985$33,268$26,158$20,433$9,095
22 years$49,610$39,192$30,661$23,784$18,315$7,773
23 years$46,951$36,655$28,310$21,660$16,441$6,649
24 years$44,517$34,343$26,182$19,756$14,777$5,691
25 years$42,282$32,230$24,250$18,042$13,297$4,875
26 years$40,222$30,291$22,491$16,497$11,978$4,178
27 years$38,317$28,507$20,885$15,100$10,799$3,582
28 years$36,552$26,862$19,415$13,835$9,744$3,073
29 years$34,912$25,341$18,067$12,687$8,799$2,637
30 years$33,383$23,932$16,829$11,643$7,950$2,263
31 years$31,956$22,624$15,689$10,693$7,188$1,943
32 years$30,621$21,407$14,638$9,827$6,502$1,668
33 years$29,370$20,273$13,668$9,037$5,884$1,433
34 years$28,195$19,214$12,770$8,315$5,327$1,231
35 years$27,089$18,224$11,939$7,654$4,825$1,058
36 years$26,047$17,297$11,169$7,049$4,372$909
37 years$25,064$16,428$10,454$6,495$3,962$781
38 years$24,134$15,613$9,790$5,987$3,592$671
39 years$23,255$14,846$9,172$5,520$3,258$577
40 years$22,421$14,125$8,597$5,091$2,955$496
41 years$21,631$13,446$8,061$4,698$2,681$426
42 years$20,880$12,805$7,562$4,335$2,432$366
43 years$20,165$12,201$7,096$4,002$2,208$315
44 years$19,486$11,630$6,660$3,695$2,004$271
45 years$18,838$11,090$6,254$3,413$1,819$233
46 years$18,220$10,580$5,874$3,152$1,652$200
47 years$17,630$10,096$5,518$2,912$1,500$172
48 years$17,067$9,638$5,186$2,691$1,362$148
49 years$16,528$9,204$4,874$2,487$1,237$127
50 years$16,012$8,792$4,582$2,299$1,124$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,400,000, adding $4,002 every year, while hoping to spend $42,086 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: 59/23/18 Blend
50$16,400,000$16,400,000$16,400,000$16,400,000
51$18,076,928$17,207,728$16,953,528$19,058,511
52$19,875,996$18,006,128$17,476,692$20,521,972
53$21,857,157$18,842,238$18,015,972$22,112,243
54$24,038,943$19,717,863$18,571,862$23,845,584
55$26,441,769$20,634,893$19,144,874$25,735,819
56$29,088,136$21,595,309$19,735,533$27,798,154
57$32,002,836$22,601,189$20,344,383$30,049,310
58$35,213,187$23,654,709$20,971,983$32,507,679
59$38,749,296$24,758,154$21,618,907$35,193,493
60$42,644,335$25,913,914$22,285,752$38,129,009
61$46,934,860$27,124,499$22,973,127$41,338,713
62$51,661,154$28,392,537$23,681,666$44,849,548
63$56,867,607$29,720,787$24,412,016$48,691,162
64$62,603,134$31,112,136$25,164,850$52,896,181
65$68,921,638$32,569,615$25,940,857$57,500,511
66$75,882,518$34,096,400$26,740,749$62,543,671
67$83,551,231$35,695,819$27,565,260$68,069,159
68$91,999,906$37,371,364$28,415,146$74,124,856
69$101,308,030$39,126,694$29,291,186$80,763,470
70$111,563,192$40,965,645$30,194,184$88,043,025
71$122,861,915$42,892,240$31,124,967$96,027,403
72$135,310,566$44,910,695$32,084,389$104,786,937
73$149,026,356$47,025,431$33,073,328$114,399,068
74$164,138,452$49,241,085$34,092,692$124,949,063
75$180,789,190$51,562,514$35,143,413$136,530,813
76$199,135,425$53,994,815$36,226,455$149,247,711
77$219,350,007$56,543,330$37,342,810$163,213,613
78$241,623,414$59,213,658$38,493,500$178,553,907
79$266,165,548$62,011,674$39,679,579$195,406,680
80$293,207,722$64,943,534$40,902,132$213,924,015
81$323,004,836$68,015,693$42,162,280$234,273,408
82$355,837,788$71,234,921$43,461,175$256,639,342
83$392,016,124$74,608,315$44,800,007$281,225,011
84$431,880,962$78,143,315$46,180,000$308,254,227
85$475,808,208$81,847,725$47,602,418$337,973,514
86$524,212,108$85,729,726$49,068,562$370,654,423
87$577,549,156$89,797,896$50,579,772$406,596,077
88$636,322,407$94,061,230$52,137,431$446,127,979
89$701,086,222$98,529,160$53,742,964$489,613,104
90$772,451,502$103,211,574$55,397,839$537,451,308
91$851,091,456$108,118,843$57,103,568$590,083,083
92$937,747,959$113,261,839$58,861,711$647,993,692
93$1,033,238,547$118,651,966$60,673,875$711,717,733
94$1,138,464,144$124,301,178$62,541,715$781,844,161
95$1,254,417,564$130,222,012$64,466,939$859,021,827
96$1,382,192,879$136,427,615$66,451,306$943,965,574
97$1,522,995,756$142,931,771$68,496,628$1,037,462,965
98$1,678,154,830$149,748,935$70,604,772$1,140,381,689
99$1,849,134,256$156,894,266$72,777,665$1,253,677,724
100$2,037,547,524$164,383,659$75,017,291$1,378,404,335