Can I retire at age 51 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,331,894
2 years$690,884$678,017$665,547$653,456$641,728$625,890
3 years$456,014$443,092$430,653$418,676$407,139$391,689
4 years$338,602$325,719$313,405$301,632$290,375$275,433
5 years$268,174$255,368$243,215$231,683$220,738$206,348
6 years$221,236$208,527$196,554$185,278$174,663$160,842
7 years$187,723$175,121$163,337$152,328$142,048$128,801
8 years$162,599$150,111$138,523$127,784$117,842$105,169
9 years$143,069$130,698$119,310$108,843$99,240$87,135
10 years$127,454$115,204$104,017$93,824$84,558$73,013
11 years$114,686$102,560$91,575$81,655$72,722$61,728
12 years$104,054$92,052$81,270$71,622$63,020$52,564
13 years$95,065$83,188$72,610$63,232$54,954$45,024
14 years$87,366$75,616$65,240$56,130$48,173$38,753
15 years$80,700$69,076$58,903$50,058$42,415$33,492
16 years$74,873$63,376$53,404$44,822$37,487$29,044
17 years$69,737$58,367$48,596$40,272$33,238$25,260
18 years$65,177$53,934$44,362$36,293$29,554$22,023
19 years$61,101$49,985$40,611$32,794$26,342$19,242
20 years$57,438$46,449$37,271$29,701$23,529$16,843
21 years$54,127$43,265$34,282$26,956$21,056$14,766
22 years$51,122$40,386$31,596$24,509$18,874$12,963
23 years$48,382$37,773$29,173$22,321$16,942$11,394
24 years$45,874$35,391$26,980$20,358$15,228$10,025
25 years$43,571$33,212$24,989$18,592$13,703$8,828
26 years$41,448$31,214$23,176$17,000$12,343$7,781
27 years$39,485$29,376$21,521$15,560$11,128$6,862
28 years$37,666$27,681$20,007$14,256$10,041$6,056
29 years$35,976$26,114$18,618$13,073$9,067$5,347
30 years$34,401$24,662$17,342$11,998$8,193$4,724
31 years$32,931$23,314$16,167$11,019$7,407$4,174
32 years$31,555$22,059$15,084$10,127$6,700$3,691
33 years$30,265$20,891$14,084$9,313$6,064$3,264
34 years$29,054$19,800$13,160$8,568$5,490$2,887
35 years$27,915$18,780$12,303$7,888$4,972$2,555
36 years$26,841$17,825$11,510$7,264$4,505$2,261
37 years$25,828$16,929$10,773$6,693$4,083$2,001
38 years$24,870$16,089$10,088$6,169$3,702$1,772
39 years$23,964$15,299$9,452$5,688$3,357$1,569
40 years$23,105$14,556$8,859$5,247$3,045$1,389
41 years$22,290$13,856$8,307$4,841$2,762$1,231
42 years$21,516$13,196$7,792$4,467$2,507$1,090
43 years$20,780$12,573$7,312$4,124$2,275$966
44 years$20,080$11,984$6,863$3,808$2,065$856
45 years$19,412$11,428$6,445$3,517$1,875$758
46 years$18,775$10,902$6,053$3,248$1,702$672
47 years$18,168$10,404$5,687$3,001$1,545$595
48 years$17,587$9,932$5,344$2,773$1,404$527
49 years$17,032$9,484$5,023$2,563$1,275$467
50 years$16,500$9,060$4,722$2,369$1,158$414

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,900,000, adding $6,514 every year, while hoping to spend $27,980 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: 42/30/28 Blend
50$16,900,000$16,900,000$16,900,000$16,900,000
51$18,630,519$17,734,819$17,472,869$19,259,946
52$20,501,062$18,574,055$18,028,440$20,553,029
53$22,561,462$19,453,475$18,601,684$21,949,366
54$24,831,055$20,375,020$19,193,165$23,461,062
55$27,331,149$21,340,723$19,803,463$25,098,787
56$30,085,224$22,352,715$20,433,176$26,874,253
57$33,119,153$23,413,234$21,082,923$28,800,316
58$36,461,447$24,524,623$21,753,342$30,891,097
59$40,143,526$25,689,341$22,445,090$33,162,101
60$44,200,011$26,909,965$23,158,847$35,630,360
61$48,669,057$28,189,197$23,895,312$38,314,586
62$53,592,705$29,529,872$24,655,210$41,235,340
63$59,017,287$30,934,962$25,439,285$44,415,216
64$64,993,856$32,407,582$26,248,307$47,879,048
65$71,578,676$33,950,999$27,083,072$51,654,135
66$78,833,743$35,568,641$27,944,397$55,770,486
67$86,827,380$37,264,099$28,833,130$60,261,100
68$95,634,875$39,041,142$29,750,141$65,162,261
69$105,339,193$40,903,719$30,696,332$70,513,873
70$116,031,763$42,855,974$31,672,632$76,359,824
71$127,813,337$44,902,250$32,679,999$82,748,392
72$140,794,941$47,047,104$33,719,422$89,732,685
73$155,098,924$49,295,311$34,791,922$97,371,128
74$170,860,115$51,651,882$35,898,552$105,728,008
75$188,227,092$54,122,070$37,040,399$114,874,059
76$207,363,588$56,711,383$38,218,584$124,887,123
77$228,450,031$59,425,599$39,434,265$135,852,862
78$251,685,256$62,270,774$40,688,634$147,865,555
79$277,288,373$65,253,263$41,982,924$161,028,974
80$305,500,842$68,379,728$43,318,407$175,457,338
81$336,588,747$71,657,154$44,696,393$191,276,382
82$370,845,314$75,092,869$46,118,237$208,624,518
83$408,593,673$78,694,557$47,585,335$227,654,127
84$450,189,911$82,470,274$49,099,127$248,532,974
85$496,026,436$86,428,472$50,661,102$271,445,770
86$546,535,677$90,578,011$52,272,794$296,595,893
87$602,194,169$94,928,186$53,935,785$324,207,286
88$663,527,050$99,488,743$55,651,710$354,526,544
89$731,113,021$104,269,904$57,422,254$387,825,218
90$805,589,807$109,282,387$59,249,157$424,402,349
91$887,660,178$114,537,434$61,134,214$464,587,264
92$978,098,583$120,046,835$63,079,277$508,742,656
93$1,077,758,463$125,822,954$65,086,257$557,267,977
94$1,187,580,306$131,878,759$67,157,127$610,603,172
95$1,308,600,527$138,227,848$69,293,920$669,232,806
96$1,441,961,252$144,884,484$71,498,738$733,690,596
97$1,588,921,100$151,863,624$73,773,747$804,564,415
98$1,750,867,067$159,180,957$76,121,182$882,501,805
99$1,929,327,617$166,852,932$78,543,350$968,216,045
100$2,125,987,114$174,896,806$81,042,633$1,062,492,846