Can I retire at age 51 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,282,365
2 years$674,532$661,969$649,794$637,990$626,540$593,138
3 years$445,221$432,604$420,460$408,766$397,502$365,113
4 years$330,588$318,010$305,987$294,493$283,502$252,373
5 years$261,826$249,324$237,459$226,199$215,514$185,732
6 years$216,000$203,592$191,902$180,893$170,529$142,123
7 years$183,280$170,976$159,471$148,722$138,686$111,659
8 years$158,751$146,558$135,244$124,759$115,053$89,394
9 years$139,683$127,605$116,486$106,267$96,891$72,577
10 years$124,437$112,478$101,555$91,603$82,556$59,558
11 years$111,972$100,132$89,407$79,722$71,001$49,285
12 years$101,592$89,873$79,347$69,927$61,528$41,056
13 years$92,815$81,219$70,891$61,735$53,654$34,385
14 years$85,299$73,826$63,696$54,802$47,032$28,924
15 years$78,790$67,441$57,509$48,873$41,411$24,417
16 years$73,101$61,876$52,140$43,761$36,599$20,674
17 years$68,087$56,986$47,446$39,319$32,451$17,549
18 years$63,634$52,657$43,312$35,434$28,854$14,926
19 years$59,655$48,802$39,650$32,018$25,718$12,718
20 years$56,078$45,349$36,389$28,998$22,972$10,852
21 years$52,846$42,241$33,470$26,318$20,558$9,272
22 years$49,912$39,431$30,848$23,929$18,427$7,930
23 years$47,237$36,879$28,483$21,793$16,541$6,788
24 years$44,789$34,553$26,342$19,876$14,867$5,815
25 years$42,540$32,426$24,398$18,152$13,378$4,985
26 years$40,467$30,475$22,628$16,597$12,051$4,276
27 years$38,551$28,681$21,012$15,192$10,865$3,669
28 years$36,775$27,026$19,533$13,919$9,804$3,150
29 years$35,124$25,496$18,177$12,764$8,852$2,705
30 years$33,587$24,078$16,932$11,714$7,999$2,324
31 years$32,151$22,762$15,785$10,759$7,232$1,997
32 years$30,808$21,537$14,727$9,887$6,541$1,716
33 years$29,549$20,396$13,751$9,092$5,920$1,475
34 years$28,367$19,331$12,848$8,366$5,360$1,268
35 years$27,254$18,335$12,012$7,701$4,855$1,090
36 years$26,206$17,403$11,237$7,092$4,399$938
37 years$25,216$16,529$10,518$6,535$3,987$806
38 years$24,281$15,708$9,849$6,023$3,614$694
39 years$23,397$14,937$9,228$5,554$3,277$597
40 years$22,558$14,211$8,649$5,123$2,973$513
41 years$21,763$13,528$8,110$4,726$2,697$442
42 years$21,007$12,883$7,608$4,362$2,447$380
43 years$20,288$12,275$7,139$4,026$2,221$327
44 years$19,604$11,701$6,701$3,718$2,016$281
45 years$18,953$11,158$6,292$3,433$1,830$242
46 years$18,331$10,644$5,910$3,171$1,662$208
47 years$17,738$10,158$5,552$2,930$1,509$179
48 years$17,171$9,697$5,217$2,707$1,370$154
49 years$16,629$9,260$4,904$2,502$1,245$133
50 years$16,110$8,846$4,610$2,313$1,130$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,500,000, adding $6,040 every year, while hoping to spend $27,020 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: 34/45/21 Blend
50$16,500,000$16,500,000$16,500,000$16,500,000
51$18,189,230$17,314,730$17,058,980$18,690,558
52$20,015,783$18,134,403$17,601,707$19,881,878
53$22,027,738$18,993,334$18,161,710$21,162,774
54$24,243,978$19,893,419$18,739,538$22,543,508
55$26,685,312$20,836,644$19,335,760$24,032,939
56$29,374,667$21,825,093$19,950,962$25,640,768
57$32,337,312$22,860,951$20,585,748$27,377,625
58$35,601,089$23,946,509$21,240,741$29,255,158
59$39,196,680$25,084,168$21,916,586$31,286,138
60$43,157,897$26,276,447$22,613,947$33,484,565
61$47,521,997$27,525,988$23,333,509$35,865,796
62$52,330,037$28,835,558$24,075,979$38,446,674
63$57,627,264$30,208,063$24,842,086$41,245,680
64$63,463,533$31,646,547$25,632,585$44,283,097
65$69,893,788$33,154,202$26,448,251$47,581,186
66$76,978,574$34,734,378$27,289,887$51,164,386
67$84,784,610$36,390,584$28,158,320$55,059,533
68$93,385,420$38,126,502$29,054,403$59,296,098
69$102,862,024$39,945,992$29,979,017$63,906,451
70$113,303,709$41,853,104$30,933,072$68,926,154
71$124,808,862$43,852,081$31,917,505$74,394,279
72$137,485,908$45,947,375$32,933,284$80,353,762
73$151,454,330$48,143,655$33,981,407$86,851,791
74$166,845,793$50,445,816$35,062,906$93,940,234
75$183,805,394$52,858,991$36,178,844$101,676,108
76$202,493,026$55,388,563$37,330,317$110,122,102
77$223,084,890$58,040,178$38,518,458$119,347,147
78$245,775,158$60,819,756$39,744,435$129,427,042
79$270,777,805$63,733,505$41,009,455$140,445,151
80$298,328,630$66,787,936$42,314,760$152,493,169
81$328,687,480$69,989,875$43,661,635$165,671,955
82$362,140,708$73,346,484$45,051,405$180,092,468
83$399,003,868$76,865,270$46,485,435$195,876,781
84$439,624,703$80,554,107$47,965,137$213,159,209
85$484,386,419$84,421,255$49,491,965$232,087,547
86$533,711,310$88,475,373$51,067,423$252,824,434
87$588,064,741$92,725,544$52,693,058$275,548,856
88$647,959,540$97,181,291$54,370,471$300,457,803
89$713,960,843$101,852,604$56,101,312$327,768,094
90$786,691,426$106,749,958$57,887,283$357,718,385
91$866,837,585$111,884,340$59,730,141$390,571,385
92$955,155,617$117,267,271$61,631,699$426,616,296
93$1,052,478,958$122,910,835$63,593,828$466,171,500
94$1,159,726,049$128,827,703$65,618,459$509,587,520
95$1,277,909,012$135,031,167$67,707,583$557,250,283
96$1,408,143,201$141,535,164$69,863,257$609,584,716
97$1,551,657,732$148,354,312$72,087,601$667,058,706
98$1,709,807,089$155,503,941$74,382,804$730,187,462
99$1,884,083,909$163,000,131$76,751,125$799,538,327
100$2,076,133,075$170,859,744$79,194,894$875,736,070