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%14%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,309,620
2 years$682,708$669,993$657,671$645,723$634,134$611,972
3 years$450,618$437,848$425,556$413,721$402,321$380,748
4 years$334,595$321,865$309,696$298,063$286,938$266,121
5 years$265,000$252,346$240,337$228,941$218,126$198,124
6 years$218,618$206,059$194,228$183,086$172,596$153,432
7 years$185,501$173,048$161,404$150,525$140,367$122,047
8 years$160,675$148,334$136,884$126,272$116,448$98,968
9 years$141,376$129,152$117,898$107,555$98,066$81,417
10 years$125,946$113,841$102,786$92,714$83,557$67,725
11 years$113,329$101,346$90,491$80,689$71,862$56,830
12 years$102,823$90,963$80,309$70,775$62,274$48,023
13 years$93,940$82,204$71,750$62,484$54,304$40,813
14 years$86,333$74,721$64,468$55,466$47,603$34,848
15 years$79,745$68,259$58,206$49,466$41,913$29,871
16 years$73,987$62,626$52,772$44,291$37,043$25,689
17 years$68,912$57,676$48,021$39,795$32,845$22,153
18 years$64,405$53,296$43,837$35,864$29,204$19,148
19 years$60,378$49,394$40,130$32,406$26,030$16,584
20 years$56,758$45,899$36,830$29,350$23,251$14,387
21 years$53,487$42,753$33,876$26,637$20,807$12,500
22 years$50,517$39,909$31,222$24,219$18,650$10,874
23 years$47,810$37,326$28,828$22,057$16,742$9,470
24 years$45,332$34,972$26,661$20,117$15,048$8,254
25 years$43,055$32,819$24,694$18,372$13,541$7,201
26 years$40,957$30,845$22,902$16,798$12,197$6,286
27 years$39,018$29,029$21,267$15,376$10,997$5,491
28 years$37,221$27,353$19,770$14,088$9,922$4,799
29 years$35,550$25,805$18,398$12,919$8,960$4,196
30 years$33,994$24,370$17,137$11,856$8,096$3,671
31 years$32,541$23,038$15,976$10,889$7,319$3,212
32 years$31,182$21,798$14,906$10,007$6,621$2,811
33 years$29,907$20,643$13,918$9,202$5,992$2,462
34 years$28,710$19,565$13,004$8,467$5,425$2,156
35 years$27,584$18,557$12,158$7,794$4,914$1,888
36 years$26,523$17,614$11,373$7,178$4,452$1,654
37 years$25,522$16,729$10,645$6,614$4,035$1,449
38 years$24,576$15,898$9,969$6,096$3,658$1,270
39 years$23,680$15,118$9,340$5,621$3,317$1,113
40 years$22,832$14,383$8,754$5,185$3,009$976
41 years$22,026$13,692$8,209$4,783$2,730$855
42 years$21,262$13,039$7,700$4,415$2,477$750
43 years$20,534$12,424$7,225$4,075$2,248$658
44 years$19,842$11,843$6,782$3,763$2,040$577
45 years$19,182$11,293$6,368$3,475$1,852$506
46 years$18,553$10,773$5,981$3,210$1,682$443
47 years$17,953$10,281$5,619$2,966$1,527$389
48 years$17,379$9,814$5,281$2,740$1,387$341
49 years$16,830$9,372$4,963$2,533$1,260$299
50 years$16,305$8,953$4,666$2,341$1,144$262

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 $2,387 every year, while hoping to spend $44,037 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: 39/34/27 Blend
50$16,700,000$16,700,000$16,700,000$16,700,000
51$18,405,862$17,520,762$17,261,912$18,976,116
52$20,236,405$18,332,425$17,793,331$20,203,853
53$22,252,187$19,182,382$18,341,077$21,526,284
54$24,472,057$20,072,466$18,905,650$22,955,438
55$26,916,783$21,004,593$19,487,565$24,501,068
56$29,609,252$21,980,774$20,087,355$26,173,877
57$32,574,681$23,003,118$20,705,567$27,985,606
58$35,840,860$24,073,832$21,342,765$29,949,146
59$39,438,412$25,195,234$21,999,532$32,078,645
60$43,401,081$26,369,751$22,676,467$34,389,639
61$47,766,050$27,599,928$23,374,187$36,899,189
62$52,574,294$28,888,432$24,093,330$39,626,036
63$57,870,967$30,238,060$24,834,552$42,590,764
64$63,705,825$31,651,744$25,598,529$45,815,994
65$70,133,697$33,132,558$26,385,957$49,326,580
66$77,215,003$34,683,722$27,197,555$53,149,839
67$85,016,324$36,308,615$28,034,064$57,315,797
68$93,611,029$38,010,777$28,896,245$61,857,464
69$103,079,970$39,793,921$29,784,885$66,811,131
70$113,512,242$41,661,938$30,700,794$72,216,704
71$125,006,027$43,618,909$31,644,807$78,118,067
72$137,669,517$45,669,111$32,617,783$84,563,485
73$151,621,939$47,817,029$33,620,610$91,606,047
74$166,994,677$50,067,363$34,654,201$99,304,150
75$183,932,514$52,425,044$35,719,496$107,722,041
76$202,594,998$54,895,239$36,817,468$116,930,404
77$223,157,949$57,483,367$37,949,114$127,007,014
78$245,815,116$60,195,108$39,115,466$138,037,455
79$270,780,009$63,036,419$40,317,584$150,115,910
80$298,287,910$66,013,545$41,556,564$163,346,032
81$328,598,101$69,133,032$42,833,532$177,841,904
82$361,996,302$72,401,746$44,149,651$193,729,097
83$398,797,378$75,826,884$45,506,118$211,145,833
84$439,348,304$79,415,995$46,904,165$230,244,273
85$484,031,442$83,176,989$48,345,066$251,191,926
86$533,268,153$87,118,166$49,830,129$274,173,208
87$587,522,771$91,248,223$51,360,706$299,391,161
88$647,306,991$95,576,283$52,938,187$327,069,343
89$713,184,693$100,111,910$54,564,005$357,453,911
90$785,777,272$104,865,133$56,239,639$390,815,915
91$865,769,497$109,846,468$57,966,610$427,453,833
92$953,915,982$115,066,941$59,746,488$467,696,353
93$1,051,048,305$120,538,114$61,580,888$511,905,446
94$1,158,082,861$126,272,111$63,471,477$560,479,749
95$1,276,029,512$132,281,644$65,419,971$613,858,294
96$1,406,001,121$138,580,043$67,428,139$672,524,615
97$1,549,224,057$145,181,287$69,497,803$737,011,276
98$1,707,049,773$152,100,032$71,630,842$807,904,856
99$1,880,967,566$159,351,649$73,829,190$885,851,447
100$2,072,618,633$166,952,255$76,094,843$971,562,709