Can I retire at age 51 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,298,575
2 years$678,620$665,981$653,733$641,856$630,337$605,114
3 years$447,919$435,226$423,008$411,244$399,912$375,385
4 years$332,592$319,937$307,842$296,278$285,220$261,579
5 years$263,413$250,835$238,898$227,570$216,820$194,131
6 years$217,309$204,825$193,065$181,989$171,562$149,851
7 years$184,391$172,012$160,438$149,624$139,526$118,797
8 years$159,713$147,446$136,064$125,515$115,750$95,999
9 years$140,529$128,378$117,192$106,911$97,479$78,693
10 years$125,192$113,159$102,171$92,159$83,057$65,219
11 years$112,651$100,739$89,949$80,206$71,431$54,520
12 years$102,207$90,418$79,828$70,351$61,901$45,893
13 years$93,377$81,711$71,321$62,109$53,979$38,848
14 years$85,816$74,273$64,082$55,134$47,318$33,037
15 years$79,268$67,850$57,857$49,170$41,662$28,202
16 years$73,544$62,251$52,456$44,026$36,821$24,151
17 years$68,499$57,331$47,733$39,557$32,648$20,738
18 years$64,020$52,976$43,574$35,649$29,029$17,847
19 years$60,017$49,098$39,890$32,212$25,874$15,389
20 years$56,418$45,624$36,609$29,174$23,111$13,291
21 years$53,167$42,497$33,673$26,477$20,682$11,495
22 years$50,215$39,670$31,035$24,074$18,539$9,954
23 years$47,523$37,102$28,656$21,925$16,641$8,628
24 years$45,060$34,762$26,501$19,996$14,958$7,485
25 years$42,797$32,623$24,546$18,262$13,460$6,499
26 years$40,712$30,660$22,765$16,698$12,124$5,646
27 years$38,785$28,855$21,139$15,284$10,931$4,908
28 years$36,998$27,190$19,652$14,003$9,863$4,269
29 years$35,337$25,650$18,288$12,841$8,906$3,714
30 years$33,790$24,224$17,034$11,785$8,047$3,233
31 years$32,346$22,900$15,880$10,824$7,275$2,815
32 years$30,995$21,668$14,817$9,947$6,581$2,452
33 years$29,728$20,520$13,834$9,147$5,956$2,136
34 years$28,538$19,448$12,926$8,416$5,392$1,861
35 years$27,419$18,446$12,085$7,748$4,884$1,622
36 years$26,365$17,508$11,305$7,135$4,425$1,414
37 years$25,369$16,629$10,582$6,574$4,011$1,233
38 years$24,429$15,803$9,909$6,060$3,636$1,075
39 years$23,538$15,027$9,284$5,587$3,297$937
40 years$22,695$14,297$8,702$5,154$2,991$817
41 years$21,894$13,610$8,159$4,755$2,713$713
42 years$21,134$12,961$7,654$4,388$2,462$622
43 years$20,411$12,350$7,182$4,051$2,234$542
44 years$19,723$11,772$6,742$3,740$2,028$473
45 years$19,067$11,225$6,330$3,454$1,841$413
46 years$18,442$10,709$5,945$3,191$1,672$360
47 years$17,845$10,219$5,586$2,948$1,518$314
48 years$17,275$9,756$5,249$2,724$1,379$274
49 years$16,729$9,316$4,934$2,517$1,252$239
50 years$16,207$8,899$4,638$2,327$1,137$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,600,000, adding $2,593 every year, while hoping to spend $39,453 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: 31/44/25 Blend
50$16,600,000$16,600,000$16,600,000$16,600,000
51$18,295,875$17,416,075$17,158,775$18,722,034
52$20,120,076$18,227,485$17,691,616$19,860,153
53$22,129,024$19,077,331$18,240,985$21,080,730
54$24,341,521$19,967,457$18,807,394$22,393,839
55$26,778,285$20,899,791$19,391,371$23,807,587
56$29,462,148$21,876,359$19,993,460$25,330,847
57$32,418,268$22,899,282$20,614,222$26,973,338
58$35,674,368$23,970,783$21,254,235$28,745,708
59$39,260,998$25,093,196$21,914,096$30,659,622
60$43,211,821$26,268,964$22,594,420$32,727,870
61$47,563,933$27,500,649$23,295,839$34,964,469
62$52,358,213$28,790,940$24,019,008$37,384,793
63$57,639,706$30,142,651$24,764,600$40,005,706
64$63,458,051$31,558,737$25,533,310$42,845,708
65$69,867,949$33,042,292$26,325,853$45,925,098
66$76,929,678$34,596,562$27,142,967$49,266,159
67$84,709,662$36,224,950$27,985,413$52,893,349
68$93,281,099$37,931,024$28,853,976$56,833,523
69$102,724,651$39,718,524$29,749,464$61,116,173
70$113,129,204$41,591,371$30,672,710$65,773,689
71$124,592,711$43,553,676$31,624,574$70,841,654
72$137,223,112$45,609,751$32,605,942$76,359,161
73$151,139,356$47,764,114$33,617,726$82,369,167
74$166,472,520$50,021,505$34,660,870$88,918,883
75$183,367,050$52,386,893$35,736,343$96,060,197
76$201,982,124$54,865,486$36,845,145$103,850,150
77$222,493,152$57,462,746$37,988,309$112,351,456
78$245,093,434$60,184,401$39,166,898$121,633,066
79$269,995,983$63,036,455$40,382,008$131,770,805
80$297,435,538$66,025,205$41,634,769$142,848,063
81$327,670,775$69,157,253$42,926,346$154,956,558
82$360,986,756$72,439,521$44,257,941$168,197,178
83$397,697,615$75,879,267$45,630,792$182,680,908
84$438,149,523$79,484,102$47,046,174$198,529,848
85$482,723,958$83,262,007$48,505,405$215,878,345
86$531,841,306$87,221,349$50,009,840$234,874,222
87$585,964,828$91,370,904$51,560,878$255,680,151
88$645,605,033$95,719,871$53,159,961$278,475,152
89$711,324,501$100,277,900$54,808,574$303,456,249
90$783,743,190$105,055,106$56,508,250$330,840,299
91$863,544,287$110,062,098$58,260,569$360,865,997
92$951,480,664$115,310,001$60,067,158$393,796,094
93$1,048,381,980$120,810,479$61,929,695$429,919,837
94$1,155,162,513$126,575,764$63,849,912$469,555,654
95$1,272,829,797$132,618,684$65,829,591$513,054,121
96$1,402,494,126$138,952,689$67,870,572$560,801,220
97$1,545,379,041$145,591,885$69,974,751$613,221,937
98$1,702,832,878$152,551,062$72,144,080$670,784,224
99$1,876,341,500$159,845,733$74,380,575$734,003,361
100$2,067,542,321$167,492,161$76,686,312$803,446,765