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%15.4%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,317,728
2 years$690,884$678,017$665,547$653,456$641,728$611,759
3 years$456,014$443,092$430,653$418,676$407,139$378,037
4 years$338,602$325,719$313,405$301,632$290,375$262,364
5 years$268,174$255,368$243,215$231,683$220,738$193,898
6 years$221,236$208,527$196,554$185,278$174,663$149,021
7 years$187,723$175,121$163,337$152,328$142,048$117,609
8 years$162,599$150,111$138,523$127,784$117,842$94,598
9 years$143,069$130,698$119,310$108,843$99,240$77,173
10 years$127,454$115,204$104,017$93,824$84,558$63,644
11 years$114,686$102,560$91,575$81,655$72,722$52,936
12 years$104,054$92,052$81,270$71,622$63,020$44,328
13 years$95,065$83,188$72,610$63,232$54,954$37,325
14 years$87,366$75,616$65,240$56,130$48,173$31,569
15 years$80,700$69,076$58,903$50,058$42,415$26,800
16 years$74,873$63,376$53,404$44,822$37,487$22,821
17 years$69,737$58,367$48,596$40,272$33,238$19,483
18 years$65,177$53,934$44,362$36,293$29,554$16,670
19 years$61,101$49,985$40,611$32,794$26,342$14,289
20 years$57,438$46,449$37,271$29,701$23,529$12,266
21 years$54,127$43,265$34,282$26,956$21,056$10,544
22 years$51,122$40,386$31,596$24,509$18,874$9,074
23 years$48,382$37,773$29,173$22,321$16,942$7,817
24 years$45,874$35,391$26,980$20,358$15,228$6,739
25 years$43,571$33,212$24,989$18,592$13,703$5,814
26 years$41,448$31,214$23,176$17,000$12,343$5,019
27 years$39,485$29,376$21,521$15,560$11,128$4,335
28 years$37,666$27,681$20,007$14,256$10,041$3,746
29 years$35,976$26,114$18,618$13,073$9,067$3,238
30 years$34,401$24,662$17,342$11,998$8,193$2,800
31 years$32,931$23,314$16,167$11,019$7,407$2,422
32 years$31,555$22,059$15,084$10,127$6,700$2,095
33 years$30,265$20,891$14,084$9,313$6,064$1,813
34 years$29,054$19,800$13,160$8,568$5,490$1,569
35 years$27,915$18,780$12,303$7,888$4,972$1,358
36 years$26,841$17,825$11,510$7,264$4,505$1,176
37 years$25,828$16,929$10,773$6,693$4,083$1,018
38 years$24,870$16,089$10,088$6,169$3,702$882
39 years$23,964$15,299$9,452$5,688$3,357$764
40 years$23,105$14,556$8,859$5,247$3,045$661
41 years$22,290$13,856$8,307$4,841$2,762$573
42 years$21,516$13,196$7,792$4,467$2,507$496
43 years$20,780$12,573$7,312$4,124$2,275$430
44 years$20,080$11,984$6,863$3,808$2,065$372
45 years$19,412$11,428$6,445$3,517$1,875$323
46 years$18,775$10,902$6,053$3,248$1,702$280
47 years$18,168$10,404$5,687$3,001$1,545$242
48 years$17,587$9,932$5,344$2,773$1,404$210
49 years$17,032$9,484$5,023$2,563$1,275$182
50 years$16,500$9,060$4,722$2,369$1,158$158

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 $3,849 every year, while hoping to spend $34,312 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: 69/25/6 Blend
50$16,900,000$16,900,000$16,900,000$16,900,000
51$18,627,770$17,732,070$17,470,120$19,897,405
52$20,491,295$18,564,434$18,018,862$21,570,133
53$22,543,750$19,436,434$18,584,836$23,394,654
54$24,804,368$20,349,975$19,168,584$25,389,458
55$27,294,346$21,307,056$19,770,664$27,571,221
56$30,037,040$22,309,772$20,391,652$29,958,287
57$33,058,186$23,360,320$21,032,140$32,570,839
58$36,386,147$24,461,001$21,692,743$35,431,085
59$40,052,174$25,614,230$22,374,090$38,563,461
60$44,090,708$26,822,539$23,076,834$41,994,858
61$48,539,698$28,088,581$23,801,645$45,754,871
62$53,440,964$29,415,139$24,549,218$49,876,071
63$58,840,592$30,805,131$25,320,266$54,394,311
64$64,789,364$32,261,614$26,115,527$59,349,052
65$71,343,243$33,787,796$26,935,760$64,783,735
66$78,563,896$35,387,040$27,781,750$70,746,183
67$86,519,280$37,062,872$28,654,306$77,289,042
68$95,284,282$38,818,989$29,554,261$84,470,277
69$104,941,426$40,659,266$30,482,476$92,353,708
70$115,581,650$42,587,769$31,439,837$101,009,602
71$127,305,167$44,608,758$32,427,260$110,515,334
72$140,222,410$46,726,703$33,445,689$120,956,107
73$154,455,073$48,946,289$34,496,097$132,425,742
74$170,137,262$51,272,429$35,579,488$145,027,563
75$187,416,759$53,710,274$36,696,897$158,875,355
76$206,456,418$56,265,227$37,849,393$174,094,433
77$227,435,702$58,942,952$39,038,077$190,822,809
78$250,552,375$61,749,389$40,264,084$209,212,489
79$276,024,373$64,690,765$41,528,587$229,430,893
80$304,091,859$67,773,611$42,832,794$251,662,422
81$335,019,487$71,004,777$44,177,951$276,110,191
82$369,098,907$74,391,443$45,565,344$302,997,924
83$406,651,511$77,941,140$46,996,299$332,572,062
84$448,031,473$81,661,764$48,472,184$365,104,066
85$493,629,089$85,561,596$49,994,407$400,892,968
86$543,874,462$89,649,320$51,564,426$440,268,177
87$599,241,562$93,934,041$53,183,738$483,592,574
88$660,252,700$98,425,308$54,853,893$531,265,913
89$727,483,463$103,133,136$56,576,486$583,728,583
90$801,568,141$108,068,024$58,353,162$641,465,743
91$883,205,718$113,240,984$60,185,621$705,011,880
92$973,166,474$118,663,565$62,075,611$774,955,836
93$1,072,299,251$124,347,876$64,024,941$851,946,342
94$1,181,539,469$130,306,617$66,035,471$936,698,119
95$1,301,917,960$136,553,106$68,109,124$1,029,998,602
96$1,434,570,692$143,101,308$70,247,880$1,132,715,347
97$1,580,749,502$149,965,871$72,453,783$1,245,804,191
98$1,741,833,907$157,162,155$74,728,941$1,370,318,252
99$1,919,344,132$164,706,267$77,075,527$1,507,417,838
100$2,114,955,460$172,615,101$79,495,784$1,658,381,369