Can I retire at age 51 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,308,333
2 years$686,796$674,005$661,609$649,590$637,931$606,552
3 years$453,316$440,470$428,105$416,198$404,730$374,275
4 years$336,599$323,792$311,551$299,847$288,657$259,360
5 years$266,587$253,857$241,776$230,312$219,432$191,376
6 years$219,927$207,293$195,391$184,182$173,629$146,842
7 years$186,612$174,085$162,371$151,426$141,207$115,694
8 years$161,637$149,223$137,703$127,028$117,145$92,895
9 years$142,223$129,925$118,604$108,199$98,653$75,647
10 years$126,700$114,523$103,402$93,269$84,057$62,270
11 years$114,008$101,953$91,033$81,172$72,292$51,694
12 years$103,439$91,507$80,790$71,199$62,647$43,204
13 years$94,503$82,696$72,180$62,858$54,629$36,305
14 years$86,849$75,168$64,854$55,798$47,888$30,644
15 years$80,223$68,668$58,555$49,762$42,164$25,960
16 years$74,430$63,001$53,088$44,557$37,265$22,059
17 years$69,325$58,022$48,308$40,034$33,041$18,792
18 years$64,791$53,615$44,099$36,078$29,379$16,043
19 years$60,740$49,690$40,371$32,600$26,186$13,720
20 years$57,098$46,174$37,050$29,526$23,390$11,752
21 years$53,807$43,009$34,079$26,796$20,931$10,079
22 years$50,820$40,148$31,409$24,364$18,762$8,654
23 years$48,096$37,549$29,001$22,189$16,842$7,437
24 years$45,603$35,181$26,821$20,237$15,138$6,396
25 years$43,313$33,016$24,841$18,482$13,622$5,505
26 years$41,203$31,029$23,039$16,899$12,270$4,741
27 years$39,252$29,202$21,394$15,468$11,062$4,085
28 years$37,444$27,517$19,888$14,172$9,982$3,521
29 years$35,763$25,959$18,508$12,996$9,013$3,036
30 years$34,198$24,516$17,239$11,927$8,144$2,619
31 years$32,736$23,176$16,072$10,954$7,363$2,260
32 years$31,368$21,929$14,995$10,067$6,660$1,950
33 years$30,086$20,767$14,001$9,258$6,028$1,683
34 years$28,882$19,682$13,082$8,518$5,457$1,453
35 years$27,750$18,668$12,231$7,841$4,943$1,255
36 years$26,682$17,719$11,441$7,221$4,479$1,084
37 years$25,675$16,829$10,709$6,654$4,059$936
38 years$24,723$15,994$10,028$6,133$3,680$808
39 years$23,822$15,208$9,396$5,655$3,337$698
40 years$22,968$14,469$8,807$5,216$3,027$603
41 years$22,158$13,774$8,258$4,812$2,746$521
42 years$21,389$13,117$7,746$4,441$2,492$450
43 years$20,657$12,498$7,269$4,100$2,261$389
44 years$19,961$11,913$6,823$3,785$2,053$336
45 years$19,297$11,361$6,406$3,496$1,863$291
46 years$18,664$10,838$6,017$3,229$1,692$251
47 years$18,060$10,342$5,653$2,983$1,536$217
48 years$17,483$9,873$5,312$2,757$1,395$188
49 years$16,931$9,428$4,993$2,548$1,267$162
50 years$16,403$9,006$4,694$2,355$1,151$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,800,000, adding $6,011 every year, while hoping to spend $20,536 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: 31/45/24 Blend
50$16,800,000$16,800,000$16,800,000$16,800,000
51$18,519,800$17,629,400$17,369,000$18,956,517
52$20,386,970$18,471,391$17,929,012$20,132,477
53$22,443,902$19,353,951$18,507,095$21,395,209
54$24,709,932$20,279,046$19,103,834$22,754,080
55$27,206,364$21,248,738$19,719,832$24,217,492
56$29,956,677$22,265,190$20,355,711$25,794,640
57$32,986,743$23,330,669$21,012,112$27,495,592
58$36,325,072$24,447,553$21,689,698$29,331,375
59$40,003,081$25,618,335$22,389,155$31,314,069
60$44,055,392$26,845,630$23,111,189$33,456,910
61$48,520,157$28,132,181$23,856,528$35,774,408
62$53,439,418$29,480,863$24,625,926$38,282,469
63$58,859,505$30,894,691$25,420,161$40,998,536
64$64,831,472$32,376,829$26,240,035$43,941,744
65$71,411,582$33,930,593$27,086,375$47,133,084
66$78,661,833$35,559,462$27,960,038$50,595,589
67$86,650,547$37,267,082$28,861,907$54,354,540
68$95,453,013$39,057,280$29,792,891$58,437,691
69$105,152,201$40,934,067$30,753,934$62,875,512
70$115,839,540$42,901,651$31,746,005$67,701,463
71$127,615,784$44,964,443$32,770,108$72,952,298
72$140,591,965$47,127,072$33,827,277$78,668,386
73$154,890,437$49,394,389$34,918,582$84,894,084
74$170,646,032$51,771,485$36,045,125$91,678,127
75$188,007,336$54,263,697$37,208,046$99,074,080
76$207,138,089$56,876,623$38,408,519$107,140,811
77$228,218,730$59,616,133$39,647,760$115,943,036
78$251,448,101$62,488,384$40,927,022$125,551,900
79$277,045,327$65,499,835$42,247,596$136,045,630
80$305,251,880$68,657,256$43,610,820$147,510,246
81$336,333,860$71,967,750$45,018,072$160,040,347
82$370,584,511$75,438,768$46,470,774$173,739,981
83$408,326,984$79,078,119$47,970,397$188,723,594
84$449,917,388$82,893,999$49,518,458$205,117,086
85$495,748,156$86,895,000$51,116,521$223,058,964
86$546,251,748$91,090,135$52,766,204$242,701,620
87$601,904,730$95,488,855$54,469,176$264,212,735
88$663,232,279$100,101,075$56,227,159$287,776,826
89$730,813,135$104,937,192$58,041,933$313,596,954
90$805,285,071$110,008,110$59,915,334$341,896,595
91$887,350,907$115,325,266$61,849,256$372,921,718
92$977,785,151$120,900,656$63,845,658$406,943,057
93$1,077,441,309$126,746,860$65,906,560$444,258,627
94$1,187,259,940$132,877,074$68,034,047$485,196,489
95$1,308,277,539$139,305,136$70,230,273$530,117,796
96$1,441,636,322$146,045,561$72,497,461$579,420,155
97$1,588,595,006$153,113,573$74,837,905$633,541,326
98$1,750,540,697$160,525,139$77,253,975$692,963,296
99$1,929,001,982$168,297,004$79,748,118$758,216,774
100$2,125,663,361$176,446,735$82,322,857$829,886,135