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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,333,450
2 years$686,796$674,005$661,609$649,590$637,931$631,667
3 years$453,316$440,470$428,105$416,198$404,730$398,601
4 years$336,599$323,792$311,551$299,847$288,657$282,711
5 years$266,587$253,857$241,776$230,312$219,432$213,687
6 years$219,927$207,293$195,391$184,182$173,629$168,092
7 years$186,612$174,085$162,371$151,426$141,207$135,880
8 years$161,637$149,223$137,703$127,028$117,145$112,029
9 years$142,223$129,925$118,604$108,199$98,653$93,747
10 years$126,700$114,523$103,402$93,269$84,057$79,359
11 years$114,008$101,953$91,033$81,172$72,292$67,798
12 years$103,439$91,507$80,790$71,199$62,647$58,354
13 years$94,503$82,696$72,180$62,858$54,629$50,533
14 years$86,849$75,168$64,854$55,798$47,888$43,984
15 years$80,223$68,668$58,555$49,762$42,164$38,448
16 years$74,430$63,001$53,088$44,557$37,265$33,732
17 years$69,325$58,022$48,308$40,034$33,041$29,686
18 years$64,791$53,615$44,099$36,078$29,379$26,195
19 years$60,740$49,690$40,371$32,600$26,186$23,168
20 years$57,098$46,174$37,050$29,526$23,390$20,532
21 years$53,807$43,009$34,079$26,796$20,931$18,228
22 years$50,820$40,148$31,409$24,364$18,762$16,208
23 years$48,096$37,549$29,001$22,189$16,842$14,430
24 years$45,603$35,181$26,821$20,237$15,138$12,863
25 years$43,313$33,016$24,841$18,482$13,622$11,479
26 years$41,203$31,029$23,039$16,899$12,270$10,252
27 years$39,252$29,202$21,394$15,468$11,062$9,165
28 years$37,444$27,517$19,888$14,172$9,982$8,198
29 years$35,763$25,959$18,508$12,996$9,013$7,339
30 years$34,198$24,516$17,239$11,927$8,144$6,573
31 years$32,736$23,176$16,072$10,954$7,363$5,890
32 years$31,368$21,929$14,995$10,067$6,660$5,280
33 years$30,086$20,767$14,001$9,258$6,028$4,736
34 years$28,882$19,682$13,082$8,518$5,457$4,249
35 years$27,750$18,668$12,231$7,841$4,943$3,814
36 years$26,682$17,719$11,441$7,221$4,479$3,424
37 years$25,675$16,829$10,709$6,654$4,059$3,075
38 years$24,723$15,994$10,028$6,133$3,680$2,762
39 years$23,822$15,208$9,396$5,655$3,337$2,481
40 years$22,968$14,469$8,807$5,216$3,027$2,230
41 years$22,158$13,774$8,258$4,812$2,746$2,004
42 years$21,389$13,117$7,746$4,441$2,492$1,801
43 years$20,657$12,498$7,269$4,100$2,261$1,619
44 years$19,961$11,913$6,823$3,785$2,053$1,456
45 years$19,297$11,361$6,406$3,496$1,863$1,309
46 years$18,664$10,838$6,017$3,229$1,692$1,177
47 years$18,060$10,342$5,653$2,983$1,536$1,059
48 years$17,483$9,873$5,312$2,757$1,395$952
49 years$16,931$9,428$4,993$2,548$1,267$857
50 years$16,403$9,006$4,694$2,355$1,151$771

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 $2,923 every year, while hoping to spend $32,494 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: 33/37/30 Blend
50$16,800,000$16,800,000$16,800,000$16,800,000
51$18,516,615$17,626,215$17,365,815$18,959,100
52$20,370,736$18,455,326$17,912,997$20,127,150
53$22,412,889$19,323,975$18,477,419$21,382,015
54$24,662,218$20,234,064$19,059,627$22,733,822
55$27,139,820$21,187,588$19,660,180$24,191,191
56$29,868,942$22,186,640$20,279,656$25,763,568
57$32,875,201$23,233,413$20,918,652$27,461,305
58$36,186,827$24,330,206$21,577,783$29,295,751
59$39,834,927$25,479,430$22,257,682$31,279,351
60$43,853,780$26,683,612$22,959,005$33,425,756
61$48,281,161$27,945,404$23,682,427$35,749,939
62$53,158,694$29,267,584$24,428,643$38,268,335
63$58,532,251$30,653,066$25,198,373$40,998,976
64$64,452,379$32,104,905$25,992,357$43,961,661
65$70,974,780$33,626,303$26,811,359$47,178,127
66$78,160,836$35,220,620$27,656,168$50,672,244
67$86,078,188$36,891,378$28,527,596$54,470,230
68$94,801,376$38,642,268$29,426,484$58,600,885
69$104,412,541$40,477,164$30,353,695$63,095,852
70$115,002,199$42,400,124$31,310,123$67,989,900
71$126,670,099$44,415,405$32,296,688$73,321,242
72$139,526,162$46,527,473$33,314,339$79,131,878
73$153,691,518$48,741,006$34,364,057$85,467,981
74$169,299,651$51,060,914$35,446,852$92,380,310
75$186,497,660$53,492,343$36,563,765$99,924,681
76$205,447,642$56,040,689$37,715,873$108,162,469
77$226,328,231$58,711,612$38,904,284$117,161,178
78$249,336,275$61,511,045$40,130,141$126,995,051
79$274,688,700$64,445,212$41,394,626$137,745,756
80$302,624,556$67,520,636$42,698,955$149,503,136
81$333,407,274$70,744,161$44,044,383$162,366,037
82$367,327,153$74,122,961$45,432,207$176,443,214
83$404,704,098$77,664,561$46,863,761$191,854,339
84$445,890,642$81,376,852$48,340,424$208,731,105
85$491,275,277$85,268,106$49,863,616$227,218,441
86$541,286,113$89,347,001$51,434,806$247,475,858
87$596,394,928$93,622,636$53,055,504$269,678,923
88$657,121,618$98,104,552$54,727,270$294,020,888
89$724,039,104$102,802,757$56,451,715$320,714,484
90$797,778,743$107,727,742$58,230,497$349,993,900
91$879,036,286$112,890,512$60,065,330$382,116,953
92$968,578,448$118,302,608$61,957,979$417,367,493
93$1,067,250,145$123,976,131$63,910,267$456,058,047
94$1,175,982,470$129,923,773$65,924,072$498,532,723
95$1,295,801,487$136,158,842$68,001,333$545,170,426
96$1,427,837,911$142,695,297$70,144,049$596,388,391
97$1,573,337,787$149,547,776$72,354,284$652,646,076
98$1,733,674,253$156,731,629$74,634,165$714,449,453
99$1,910,360,503$164,262,955$76,985,886$782,355,740
100$2,105,064,072$172,158,638$79,411,711$856,978,607