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%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,275,627
2 years$670,444$657,958$645,856$634,123$622,742$590,568
3 years$442,523$429,982$417,912$406,289$395,093$363,883
4 years$328,585$316,083$304,133$292,708$281,784$251,777
5 years$260,239$247,813$236,019$224,828$214,208$185,488
6 years$214,691$202,358$190,739$179,797$169,495$142,092
7 years$182,169$169,940$158,505$147,821$137,845$111,761
8 years$157,789$145,670$134,425$124,003$114,356$89,580
9 years$138,836$126,832$115,780$105,623$96,304$72,816
10 years$123,683$111,796$100,940$91,048$82,056$59,828
11 years$111,293$99,525$88,866$79,239$70,571$49,572
12 years$100,976$89,329$78,866$69,503$61,155$41,349
13 years$92,252$80,727$70,462$61,361$53,328$34,677
14 years$84,782$73,379$63,310$54,470$46,747$29,209
15 years$78,313$67,033$57,160$48,577$41,160$24,693
16 years$72,658$61,501$51,824$43,496$36,377$20,938
17 years$67,674$56,640$47,158$39,081$32,255$17,798
18 years$63,249$52,338$43,049$35,219$28,679$15,161
19 years$59,294$48,506$39,409$31,824$25,563$12,937
20 years$55,738$45,075$36,168$28,823$22,833$11,056
21 years$52,526$41,985$33,268$26,158$20,433$9,460
22 years$49,610$39,192$30,661$23,784$18,315$8,104
23 years$46,951$36,655$28,310$21,660$16,441$6,948
24 years$44,517$34,343$26,182$19,756$14,777$5,961
25 years$42,282$32,230$24,250$18,042$13,297$5,119
26 years$40,222$30,291$22,491$16,497$11,978$4,397
27 years$38,317$28,507$20,885$15,100$10,799$3,780
28 years$36,552$26,862$19,415$13,835$9,744$3,250
29 years$34,912$25,341$18,067$12,687$8,799$2,796
30 years$33,383$23,932$16,829$11,643$7,950$2,405
31 years$31,956$22,624$15,689$10,693$7,188$2,070
32 years$30,621$21,407$14,638$9,827$6,502$1,782
33 years$29,370$20,273$13,668$9,037$5,884$1,535
34 years$28,195$19,214$12,770$8,315$5,327$1,322
35 years$27,089$18,224$11,939$7,654$4,825$1,138
36 years$26,047$17,297$11,169$7,049$4,372$980
37 years$25,064$16,428$10,454$6,495$3,962$845
38 years$24,134$15,613$9,790$5,987$3,592$728
39 years$23,255$14,846$9,172$5,520$3,258$627
40 years$22,421$14,125$8,597$5,091$2,955$540
41 years$21,631$13,446$8,061$4,698$2,681$466
42 years$20,880$12,805$7,562$4,335$2,432$401
43 years$20,165$12,201$7,096$4,002$2,208$346
44 years$19,486$11,630$6,660$3,695$2,004$298
45 years$18,838$11,090$6,254$3,413$1,819$257
46 years$18,220$10,580$5,874$3,152$1,652$221
47 years$17,630$10,096$5,518$2,912$1,500$191
48 years$17,067$9,638$5,186$2,691$1,362$165
49 years$16,528$9,204$4,874$2,487$1,237$142
50 years$16,012$8,792$4,582$2,299$1,124$122

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 $6,539 every year, while hoping to spend $24,561 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: 50/33/17 Blend
50$16,400,000$16,400,000$16,400,000$16,400,000
51$18,079,545$17,210,345$16,956,145$18,898,153
52$19,897,526$18,027,519$17,498,043$20,280,346
53$21,900,118$18,883,912$18,057,272$21,778,545
54$24,106,125$19,781,418$18,634,385$23,406,203
55$26,536,268$20,722,027$19,229,956$25,175,525
56$29,213,384$21,707,822$19,844,576$27,099,919
57$32,162,632$22,740,989$20,478,853$29,194,114
58$35,411,743$23,823,820$21,133,417$31,474,292
59$38,991,272$24,958,718$21,808,917$33,958,234
60$42,934,890$26,148,204$22,506,024$36,665,484
61$47,279,702$27,394,919$23,225,429$39,617,524
62$52,066,597$28,701,635$23,967,846$42,837,967
63$57,340,632$30,071,257$24,734,011$46,352,776
64$63,151,461$31,506,834$25,524,685$50,190,498
65$69,553,801$33,011,559$26,340,653$54,382,526
66$76,607,947$34,588,784$27,182,723$58,963,386
67$84,380,345$36,242,022$28,051,732$63,971,052
68$92,944,217$37,974,957$28,948,541$69,447,296
69$102,380,252$39,791,455$29,874,042$75,438,073
70$112,777,367$41,695,566$30,829,153$81,993,939
71$124,233,550$43,691,541$31,814,821$89,170,524
72$136,856,780$45,783,834$32,832,025$97,029,039
73$150,766,048$47,977,118$33,881,774$105,636,842
74$166,092,483$50,276,295$34,965,112$115,068,066
75$182,980,586$52,686,503$36,083,112$125,404,298
76$201,589,595$55,213,131$37,236,886$136,735,339
77$222,094,990$57,861,831$38,427,578$149,160,038
78$244,690,149$60,638,530$39,656,371$162,787,203
79$269,588,169$63,549,443$40,924,485$177,736,619
80$297,023,886$66,601,090$42,233,179$194,140,157
81$327,256,084$69,800,305$43,583,753$212,143,002
82$360,569,943$73,154,258$44,977,547$231,905,007
83$397,279,729$76,670,468$46,415,946$253,602,176
84$437,731,760$80,356,819$47,900,378$277,428,314
85$482,307,676$84,221,581$49,432,318$303,596,825
86$531,428,046$88,273,425$51,013,288$332,342,710
87$585,556,331$92,521,447$52,644,857$363,924,763
88$645,203,263$96,975,184$54,328,646$398,627,984
89$710,931,668$101,644,640$56,066,328$436,766,246
90$783,361,777$106,540,307$57,859,629$478,685,232
91$863,177,082$111,673,186$59,710,330$524,765,668
92$951,130,789$117,054,816$61,620,271$575,426,888
93$1,048,052,928$122,697,301$63,591,348$631,130,761
94$1,154,858,189$128,613,331$65,625,521$692,386,020
95$1,272,554,559$134,816,219$67,724,810$759,753,029
96$1,402,252,834$141,319,924$69,891,302$833,849,036
97$1,545,177,112$148,139,089$72,127,149$915,353,965
98$1,702,676,342$155,289,069$74,434,574$1,005,016,794
99$1,876,237,066$162,785,970$76,815,868$1,103,662,586
100$2,067,497,447$170,646,683$79,273,400$1,212,200,233