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

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,276,233
2 years$678,620$665,981$653,733$641,856$630,337$583,021
3 years$447,919$435,226$423,008$411,244$399,912$354,242
4 years$332,592$319,937$307,842$296,278$285,220$241,545
5 years$263,413$250,835$238,898$227,570$216,820$175,253
6 years$217,309$204,825$193,065$181,989$171,562$132,135
7 years$184,391$172,012$160,438$149,624$139,526$102,229
8 years$159,713$147,446$136,064$125,515$115,750$80,552
9 years$140,529$128,378$117,192$106,911$97,479$64,333
10 years$125,192$113,159$102,171$92,159$83,057$51,906
11 years$112,651$100,739$89,949$80,206$71,431$42,211
12 years$102,207$90,418$79,828$70,351$61,901$34,541
13 years$93,377$81,711$71,321$62,109$53,979$28,404
14 years$85,816$74,273$64,082$55,134$47,318$23,450
15 years$79,268$67,850$57,857$49,170$41,662$19,422
16 years$73,544$62,251$52,456$44,026$36,821$16,128
17 years$68,499$57,331$47,733$39,557$32,648$13,422
18 years$64,020$52,976$43,574$35,649$29,029$11,190
19 years$60,017$49,098$39,890$32,212$25,874$9,342
20 years$56,418$45,624$36,609$29,174$23,111$7,809
21 years$53,167$42,497$33,673$26,477$20,682$6,534
22 years$50,215$39,670$31,035$24,074$18,539$5,472
23 years$47,523$37,102$28,656$21,925$16,641$4,586
24 years$45,060$34,762$26,501$19,996$14,958$3,845
25 years$42,797$32,623$24,546$18,262$13,460$3,226
26 years$40,712$30,660$22,765$16,698$12,124$2,707
27 years$38,785$28,855$21,139$15,284$10,931$2,273
28 years$36,998$27,190$19,652$14,003$9,863$1,909
29 years$35,337$25,650$18,288$12,841$8,906$1,603
30 years$33,790$24,224$17,034$11,785$8,047$1,347
31 years$32,346$22,900$15,880$10,824$7,275$1,132
32 years$30,995$21,668$14,817$9,947$6,581$951
33 years$29,728$20,520$13,834$9,147$5,956$800
34 years$28,538$19,448$12,926$8,416$5,392$672
35 years$27,419$18,446$12,085$7,748$4,884$565
36 years$26,365$17,508$11,305$7,135$4,425$475
37 years$25,369$16,629$10,582$6,574$4,011$399
38 years$24,429$15,803$9,909$6,060$3,636$336
39 years$23,538$15,027$9,284$5,587$3,297$282
40 years$22,695$14,297$8,702$5,154$2,991$237
41 years$21,894$13,610$8,159$4,755$2,713$200
42 years$21,134$12,961$7,654$4,388$2,462$168
43 years$20,411$12,350$7,182$4,051$2,234$141
44 years$19,723$11,772$6,742$3,740$2,028$119
45 years$19,067$11,225$6,330$3,454$1,841$100
46 years$18,442$10,709$5,945$3,191$1,672$84
47 years$17,845$10,219$5,586$2,948$1,518$71
48 years$17,275$9,756$5,249$2,724$1,379$59
49 years$16,729$9,316$4,934$2,517$1,252$50
50 years$16,207$8,899$4,638$2,327$1,137$42

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 $6,274 every year, while hoping to spend $48,687 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: 52/19/29 Blend
50$16,600,000$16,600,000$16,600,000$16,600,000
51$18,299,672$17,419,872$17,162,572$19,101,812
52$20,114,436$18,221,643$17,685,715$20,462,539
53$22,112,674$19,061,069$18,224,752$21,936,590
54$24,313,049$19,939,944$18,780,164$23,539,249
55$26,736,126$20,860,147$19,352,446$25,282,821
56$29,404,566$21,823,650$19,942,108$27,180,839
57$32,343,340$22,832,517$20,549,677$29,248,182
58$35,579,963$23,888,912$21,175,693$31,501,211
59$39,144,756$24,995,106$21,820,716$33,957,920
60$43,071,131$26,153,476$22,485,320$36,638,102
61$47,395,905$27,366,515$23,170,096$39,563,530
62$52,159,648$28,636,835$23,875,655$42,758,155
63$57,407,068$29,967,176$24,602,626$46,248,331
64$63,187,430$31,360,408$25,351,655$50,063,055
65$69,555,021$32,819,542$26,123,408$54,234,237
66$76,569,665$34,347,730$26,918,574$58,796,990
67$84,297,283$35,948,281$27,737,858$63,789,963
68$92,810,519$37,624,661$28,581,990$69,255,694
69$102,189,426$39,380,503$29,451,720$75,241,004
70$112,522,216$41,219,616$30,347,822$81,797,434
71$123,906,099$43,145,995$31,271,091$88,981,724
72$136,448,197$45,163,824$32,222,348$96,856,339
73$150,266,555$47,277,493$33,202,438$105,490,053
74$165,491,255$49,491,602$34,212,232$114,958,585
75$182,265,646$51,810,973$35,252,625$125,345,310
76$200,747,695$54,240,664$36,324,541$136,742,034
77$221,111,478$56,785,975$37,428,931$149,249,852
78$243,548,824$59,452,463$38,566,775$162,980,091
79$268,271,124$62,245,954$39,739,083$178,055,350
80$295,511,329$65,172,556$40,946,892$194,610,648
81$325,526,147$68,238,673$42,191,275$212,794,687
82$358,598,464$71,451,018$43,473,333$232,771,242
83$395,040,020$74,816,631$44,794,203$254,720,694
84$435,194,348$78,342,891$46,155,053$278,841,724
85$479,440,014$82,037,535$47,557,091$305,353,169
86$528,194,197$85,908,677$49,001,555$334,496,078
87$581,916,623$89,964,820$50,489,725$366,535,971
88$641,113,905$94,214,882$52,022,917$401,765,331
89$706,344,326$98,668,214$53,602,488$440,506,345
90$778,223,109$103,334,619$55,229,833$483,113,934
91$857,428,226$108,224,374$56,906,392$529,979,083
92$944,706,794$113,348,258$58,633,645$581,532,513
93$1,040,882,135$118,717,570$60,413,120$638,248,730
94$1,146,861,541$124,344,159$62,246,388$700,650,481
95$1,263,644,843$130,240,448$64,135,067$769,313,672
96$1,392,333,850$136,419,463$66,080,824$844,872,779
97$1,534,142,748$142,894,862$68,085,377$928,026,817
98$1,690,409,566$149,680,968$70,150,495$1,019,545,914
99$1,862,608,803$156,792,796$72,277,998$1,120,278,558
100$2,052,365,352$164,246,095$74,469,762$1,231,159,578