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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,287,154
2 years$670,444$657,958$645,856$634,123$622,742$602,036
3 years$442,523$429,982$417,912$406,289$395,093$374,931
4 years$328,585$316,083$304,133$292,708$281,784$262,320
5 years$260,239$247,813$236,019$224,828$214,208$195,499
6 years$214,691$202,358$190,739$179,797$169,495$151,563
7 years$182,169$169,940$158,505$147,821$137,845$120,695
8 years$157,789$145,670$134,425$124,003$114,356$97,985
9 years$138,836$126,832$115,780$105,623$96,304$80,704
10 years$123,683$111,796$100,940$91,048$82,056$67,214
11 years$111,293$99,525$88,866$79,239$70,571$56,472
12 years$100,976$89,329$78,866$69,503$61,155$47,782
13 years$92,252$80,727$70,462$61,361$53,328$40,661
14 years$84,782$73,379$63,310$54,470$46,747$34,765
15 years$78,313$67,033$57,160$48,577$41,160$29,841
16 years$72,658$61,501$51,824$43,496$36,377$25,699
17 years$67,674$56,640$47,158$39,081$32,255$22,193
18 years$63,249$52,338$43,049$35,219$28,679$19,211
19 years$59,294$48,506$39,409$31,824$25,563$16,663
20 years$55,738$45,075$36,168$28,823$22,833$14,477
21 years$52,526$41,985$33,268$26,158$20,433$12,597
22 years$49,610$39,192$30,661$23,784$18,315$10,975
23 years$46,951$36,655$28,310$21,660$16,441$9,573
24 years$44,517$34,343$26,182$19,756$14,777$8,357
25 years$42,282$32,230$24,250$18,042$13,297$7,302
26 years$40,222$30,291$22,491$16,497$11,978$6,385
27 years$38,317$28,507$20,885$15,100$10,799$5,586
28 years$36,552$26,862$19,415$13,835$9,744$4,890
29 years$34,912$25,341$18,067$12,687$8,799$4,283
30 years$33,383$23,932$16,829$11,643$7,950$3,753
31 years$31,956$22,624$15,689$10,693$7,188$3,289
32 years$30,621$21,407$14,638$9,827$6,502$2,884
33 years$29,370$20,273$13,668$9,037$5,884$2,529
34 years$28,195$19,214$12,770$8,315$5,327$2,219
35 years$27,089$18,224$11,939$7,654$4,825$1,947
36 years$26,047$17,297$11,169$7,049$4,372$1,708
37 years$25,064$16,428$10,454$6,495$3,962$1,499
38 years$24,134$15,613$9,790$5,987$3,592$1,316
39 years$23,255$14,846$9,172$5,520$3,258$1,156
40 years$22,421$14,125$8,597$5,091$2,955$1,015
41 years$21,631$13,446$8,061$4,698$2,681$891
42 years$20,880$12,805$7,562$4,335$2,432$782
43 years$20,165$12,201$7,096$4,002$2,208$687
44 years$19,486$11,630$6,660$3,695$2,004$604
45 years$18,838$11,090$6,254$3,413$1,819$530
46 years$18,220$10,580$5,874$3,152$1,652$466
47 years$17,630$10,096$5,518$2,912$1,500$409
48 years$17,067$9,638$5,186$2,691$1,362$359
49 years$16,528$9,204$4,874$2,487$1,237$316
50 years$16,012$8,792$4,582$2,299$1,124$277

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 $5,433 every year, while hoping to spend $45,231 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: 42/29/29 Blend
50$16,400,000$16,400,000$16,400,000$16,400,000
51$18,078,404$17,209,204$16,955,004$18,683,915
52$19,874,276$18,004,330$17,474,871$19,916,401
53$21,851,811$18,836,900$18,010,638$21,245,638
54$24,029,490$19,708,704$18,562,789$22,684,359
55$26,427,680$20,621,612$19,131,825$24,242,709
56$29,068,822$21,577,589$19,718,259$25,931,827
57$31,977,644$22,578,693$20,322,623$27,763,944
58$35,181,395$23,627,081$20,945,462$29,752,491
59$38,710,103$24,725,013$21,587,341$31,912,223
60$42,596,856$25,874,861$22,248,839$34,259,349
61$46,878,115$27,079,109$22,930,555$36,811,681
62$51,594,058$28,340,361$23,633,104$39,588,792
63$56,788,960$29,661,346$24,357,121$42,612,194
64$62,511,609$31,044,928$25,103,260$45,905,537
65$68,815,770$32,494,106$25,872,196$49,494,817
66$75,760,686$34,012,025$26,664,622$53,408,622
67$83,411,644$35,601,982$27,481,255$57,678,385
68$91,840,585$37,267,433$28,322,830$62,338,677
69$101,126,788$39,012,000$29,190,109$67,427,521
70$111,357,616$40,839,484$30,083,873$72,986,741
71$122,629,339$42,753,864$31,004,928$79,062,350
72$135,048,044$44,759,317$31,954,106$85,704,968
73$148,730,639$46,860,217$32,932,263$92,970,292
74$163,805,951$49,061,155$33,940,281$100,919,608
75$180,415,945$51,366,939$34,979,068$109,620,361
76$198,717,066$53,782,612$36,049,560$119,146,773
77$218,881,709$56,313,463$37,152,723$129,580,534
78$241,099,854$58,965,034$38,289,550$141,011,558
79$265,580,855$61,743,136$39,461,066$153,538,819
80$292,555,415$64,653,863$40,668,325$167,271,264
81$322,277,768$67,703,603$41,912,414$182,328,833
82$355,028,075$70,899,054$43,194,454$198,843,568
83$391,115,069$74,247,238$44,515,599$216,960,847
84$430,878,971$77,755,518$45,877,037$236,840,734
85$474,694,702$81,431,614$47,279,993$258,659,472
86$522,975,419$85,283,620$48,725,730$282,611,128
87$576,176,417$89,320,023$50,215,548$308,909,404
88$634,799,429$93,549,721$51,750,786$337,789,628
89$699,397,358$97,982,045$53,332,824$369,510,961
90$770,579,499$102,626,776$54,963,085$404,358,809
91$849,017,293$107,494,173$56,643,033$442,647,503
92$935,450,661$112,594,991$58,374,178$484,723,232
93$1,030,694,990$117,940,508$60,158,076$530,967,288
94$1,135,648,835$123,542,548$61,996,327$581,799,635
95$1,251,302,394$129,413,512$63,890,582$637,682,843
96$1,378,746,865$135,566,400$65,842,543$699,126,428
97$1,519,184,737$142,014,846$67,853,960$766,691,623
98$1,673,941,152$148,773,145$69,926,639$840,996,645
99$1,844,476,407$155,856,287$72,062,440$922,722,499
100$2,032,399,747$163,279,990$74,263,277$1,012,619,361