Can I retire at age 51 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,324,956
2 years$682,708$669,993$657,671$645,723$634,134$627,346
3 years$450,618$437,848$425,556$413,721$402,321$395,681
4 years$334,595$321,865$309,696$298,063$286,938$280,498
5 years$265,000$252,346$240,337$228,941$218,126$211,904
6 years$218,618$206,059$194,228$183,086$172,596$166,600
7 years$185,501$173,048$161,404$150,525$140,367$134,600
8 years$160,675$148,334$136,884$126,272$116,448$110,911
9 years$141,376$129,152$117,898$107,555$98,066$92,757
10 years$125,946$113,841$102,786$92,714$83,557$78,474
11 years$113,329$101,346$90,491$80,689$71,862$67,002
12 years$102,823$90,963$80,309$70,775$62,274$57,633
13 years$93,940$82,204$71,750$62,484$54,304$49,877
14 years$86,333$74,721$64,468$55,466$47,603$43,385
15 years$79,745$68,259$58,206$49,466$41,913$37,899
16 years$73,987$62,626$52,772$44,291$37,043$33,227
17 years$68,912$57,676$48,021$39,795$32,845$29,221
18 years$64,405$53,296$43,837$35,864$29,204$25,767
19 years$60,378$49,394$40,130$32,406$26,030$22,774
20 years$56,758$45,899$36,830$29,350$23,251$20,168
21 years$53,487$42,753$33,876$26,637$20,807$17,892
22 years$50,517$39,909$31,222$24,219$18,650$15,897
23 years$47,810$37,326$28,828$22,057$16,742$14,143
24 years$45,332$34,972$26,661$20,117$15,048$12,598
25 years$43,055$32,819$24,694$18,372$13,541$11,233
26 years$40,957$30,845$22,902$16,798$12,197$10,025
27 years$39,018$29,029$21,267$15,376$10,997$8,954
28 years$37,221$27,353$19,770$14,088$9,922$8,004
29 years$35,550$25,805$18,398$12,919$8,960$7,159
30 years$33,994$24,370$17,137$11,856$8,096$6,407
31 years$32,541$23,038$15,976$10,889$7,319$5,736
32 years$31,182$21,798$14,906$10,007$6,621$5,139
33 years$29,907$20,643$13,918$9,202$5,992$4,605
34 years$28,710$19,565$13,004$8,467$5,425$4,128
35 years$27,584$18,557$12,158$7,794$4,914$3,702
36 years$26,523$17,614$11,373$7,178$4,452$3,321
37 years$25,522$16,729$10,645$6,614$4,035$2,980
38 years$24,576$15,898$9,969$6,096$3,658$2,674
39 years$23,680$15,118$9,340$5,621$3,317$2,401
40 years$22,832$14,383$8,754$5,185$3,009$2,155
41 years$22,026$13,692$8,209$4,783$2,730$1,935
42 years$21,262$13,039$7,700$4,415$2,477$1,738
43 years$20,534$12,424$7,225$4,075$2,248$1,561
44 years$19,842$11,843$6,782$3,763$2,040$1,402
45 years$19,182$11,293$6,368$3,475$1,852$1,260
46 years$18,553$10,773$5,981$3,210$1,682$1,132
47 years$17,953$10,281$5,619$2,966$1,527$1,017
48 years$17,379$9,814$5,281$2,740$1,387$914
49 years$16,830$9,372$4,963$2,533$1,260$822
50 years$16,305$8,953$4,666$2,341$1,144$738

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,700,000, adding $3,466 every year, while hoping to spend $46,352 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: 54/40/6 Blend
50$16,700,000$16,700,000$16,700,000$16,700,000
51$18,406,975$17,521,875$17,263,025$19,376,008
52$20,235,168$18,331,129$17,792,018$20,840,351
53$22,248,284$19,178,483$18,337,179$22,427,790
54$24,465,135$20,065,754$18,899,001$24,154,254
55$26,906,451$20,994,849$19,477,990$26,032,911
56$29,595,077$21,967,764$20,074,671$28,078,225
57$32,556,185$22,986,594$20,689,581$30,306,087
58$35,817,510$24,053,532$21,323,277$32,733,958
59$39,409,620$25,170,879$21,976,331$35,381,029
60$43,366,195$26,341,046$22,649,332$38,268,391
61$47,724,350$27,566,560$23,342,887$41,419,227
62$52,524,982$28,850,070$24,057,623$44,859,027
63$57,813,161$30,194,354$24,794,183$48,615,814
64$63,638,549$31,602,323$25,553,234$52,720,406
65$70,055,872$33,077,028$26,335,459$57,206,692
66$77,125,438$34,621,669$27,141,563$62,111,945
67$84,913,701$36,239,599$27,972,274$67,477,164
68$93,493,892$37,934,334$28,828,339$73,347,450
69$102,946,712$39,709,559$29,710,531$79,772,418
70$113,361,088$41,569,138$30,619,645$86,806,660
71$124,835,014$43,517,121$31,556,499$94,510,241
72$137,476,481$45,557,756$32,521,937$102,949,257
73$151,404,489$47,695,492$33,516,828$112,196,445
74$166,750,174$49,934,998$34,542,069$122,331,855
75$183,658,045$52,281,167$35,598,582$133,443,593
76$202,287,348$54,739,127$36,687,317$145,628,635
77$222,813,571$57,314,257$37,809,255$158,993,726
78$245,430,094$60,012,195$38,965,405$173,656,373
79$270,350,024$62,838,852$40,156,806$189,745,936
80$297,808,197$65,800,427$41,384,530$207,404,829
81$328,063,402$68,903,417$42,649,680$226,789,847
82$361,400,819$72,154,634$43,953,394$248,073,624
83$398,134,713$75,561,222$45,296,844$271,446,243
84$438,611,402$79,130,669$46,681,236$297,117,009
85$483,212,521$82,870,829$48,107,814$325,316,398
86$532,358,632$86,789,933$49,577,859$356,298,210
87$586,513,187$90,896,614$51,092,691$390,341,943
88$646,186,906$95,199,922$52,653,671$427,755,397
89$711,942,600$99,709,348$54,262,198$468,877,559
90$784,400,480$104,434,841$55,919,717$514,081,769
91$864,244,016$109,386,835$57,627,715$563,779,218
92$952,226,385$114,576,270$59,387,723$618,422,790
93$1,049,177,585$120,014,615$61,201,320$678,511,313
94$1,156,012,266$125,713,899$63,070,131$744,594,224
95$1,273,738,370$131,686,733$64,995,833$817,276,726
96$1,403,466,641$137,946,340$66,980,151$897,225,457
97$1,546,421,115$144,506,587$69,024,863$985,174,744
98$1,703,950,673$151,382,014$71,131,800$1,081,933,494
99$1,877,541,776$158,587,867$73,302,849$1,188,392,787
100$2,068,832,497$166,140,133$75,539,955$1,305,534,235