Can I retire at age 51 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,305,948
2 years$694,972$682,029$669,485$657,323$645,526$596,051
3 years$458,713$445,714$433,201$421,153$409,548$361,810
4 years$340,606$327,647$315,260$303,417$292,093$246,457
5 years$269,760$256,879$244,654$233,053$222,044$178,628
6 years$222,546$209,761$197,717$186,375$175,696$134,531
7 years$188,834$176,157$164,304$153,229$142,888$103,964
8 years$163,562$150,999$139,343$128,540$118,539$81,823
9 years$143,916$131,472$120,016$109,487$99,827$65,267
10 years$128,208$115,886$104,632$94,379$85,058$52,593
11 years$115,365$103,166$92,117$82,138$73,153$42,715
12 years$104,670$92,597$81,751$72,046$63,393$34,906
13 years$95,628$83,680$73,039$63,606$55,280$28,665
14 years$87,883$76,063$65,626$56,462$48,458$23,632
15 years$81,178$69,485$59,252$50,355$42,666$19,545
16 years$75,316$63,751$53,720$45,087$37,708$16,207
17 years$70,150$58,712$48,883$40,510$33,435$13,468
18 years$65,562$54,253$44,624$36,508$29,729$11,211
19 years$61,463$50,281$40,851$32,988$26,498$9,346
20 years$57,778$46,724$37,491$29,877$23,668$7,800
21 years$54,448$43,521$34,485$27,115$21,180$6,516
22 years$51,425$40,625$31,783$24,654$18,985$5,449
23 years$48,669$37,996$29,346$22,453$17,042$4,559
24 years$46,146$35,600$27,140$20,478$15,318$3,817
25 years$43,829$33,409$25,137$18,702$13,784$3,197
26 years$41,693$31,399$23,313$17,100$12,416$2,679
27 years$39,719$29,550$21,649$15,652$11,194$2,245
28 years$37,889$27,845$20,125$14,341$10,101$1,882
29 years$36,189$26,268$18,728$13,151$9,121$1,579
30 years$34,605$24,808$17,445$12,069$8,241$1,324
31 years$33,126$23,452$16,263$11,085$7,451$1,111
32 years$31,742$22,190$15,174$10,187$6,740$932
33 years$30,445$21,014$14,168$9,368$6,099$782
34 years$29,226$19,917$13,238$8,619$5,522$656
35 years$28,080$18,891$12,376$7,934$5,002$551
36 years$27,000$17,930$11,578$7,307$4,532$462
37 years$25,981$17,029$10,836$6,733$4,107$388
38 years$25,017$16,184$10,148$6,206$3,724$326
39 years$24,106$15,389$9,507$5,722$3,377$273
40 years$23,242$14,642$8,911$5,278$3,063$230
41 years$22,422$13,938$8,356$4,869$2,779$193
42 years$21,643$13,274$7,838$4,494$2,521$162
43 years$20,903$12,647$7,355$4,148$2,288$136
44 years$20,198$12,055$6,904$3,830$2,077$114
45 years$19,527$11,496$6,483$3,537$1,886$96
46 years$18,886$10,967$6,089$3,268$1,712$80
47 years$18,275$10,465$5,720$3,019$1,555$67
48 years$17,691$9,991$5,375$2,790$1,412$57
49 years$17,132$9,541$5,053$2,578$1,282$48
50 years$16,598$9,114$4,750$2,383$1,165$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $17,000,000, adding $4,413 every year, while hoping to spend $48,727 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: 70/5/25 Blend
50$17,000,000$17,000,000$17,000,000$17,000,000
51$18,738,552$17,837,552$17,574,052$19,930,820
52$20,598,039$18,659,747$18,110,938$21,551,708
53$22,645,561$19,520,596$18,664,176$23,319,395
54$24,900,245$20,421,943$19,234,263$25,253,368
55$27,383,170$21,365,717$19,821,710$27,370,122
56$30,117,560$22,353,945$20,427,045$29,687,814
57$33,129,010$23,388,746$21,050,809$32,226,439
58$36,445,720$24,472,346$21,693,562$35,008,012
59$40,098,768$25,607,075$22,355,881$38,056,778
60$44,122,397$26,795,377$23,038,358$41,399,434
61$48,554,344$28,039,812$23,741,605$45,065,381
62$53,436,190$29,343,066$24,466,252$49,087,001
63$58,813,757$30,707,953$25,212,947$53,499,956
64$64,737,539$32,137,421$25,982,360$58,343,523
65$71,263,178$33,634,565$26,775,179$63,660,965
66$78,451,988$35,202,624$27,592,113$69,499,934
67$86,371,535$36,844,997$28,433,893$75,912,917
68$95,096,275$38,565,246$29,301,272$82,957,732
69$104,708,257$40,367,104$30,195,026$90,698,066
70$115,297,893$42,254,487$31,115,954$99,204,077
71$126,964,819$44,231,497$32,064,879$108,553,051
72$139,818,827$46,302,437$33,042,649$118,830,127
73$153,980,907$48,471,816$34,050,137$130,129,099
74$169,584,387$50,744,362$35,088,245$142,553,297
75$186,776,191$53,125,033$36,157,897$156,216,558
76$205,718,226$55,619,023$37,260,050$171,244,297
77$226,588,911$58,231,781$38,395,688$187,774,685
78$249,584,860$60,969,018$39,565,823$205,959,953
79$274,922,737$63,836,721$40,771,500$225,967,821
80$302,841,305$66,841,170$42,013,794$247,983,075
81$333,603,675$69,988,944$43,293,813$272,209,313
82$367,499,793$73,286,945$44,612,698$298,870,856
83$404,849,173$76,742,407$45,971,626$328,214,860
84$446,003,919$80,362,915$47,371,805$360,513,649
85$491,352,044$84,156,422$48,814,485$396,067,277
86$541,321,132$88,131,267$50,300,950$435,206,351
87$596,382,379$92,296,191$51,832,524$478,295,153
88$657,055,038$96,660,360$53,410,570$525,735,068
89$723,911,321$101,233,387$55,036,493$577,968,368
90$797,581,799$106,025,346$56,711,739$635,482,378
91$878,761,359$111,046,805$58,437,799$698,814,073
92$968,215,761$116,308,841$60,216,207$768,555,138
93$1,066,788,864$121,823,070$62,048,546$845,357,547
94$1,175,410,599$127,601,672$63,936,444$929,939,705
95$1,295,105,744$133,657,417$65,881,578$1,023,093,232
96$1,427,003,596$140,003,697$67,885,677$1,125,690,416
97$1,572,348,637$146,654,551$69,950,521$1,238,692,447
98$1,732,512,278$153,624,705$72,077,944$1,363,158,479
99$1,909,005,809$160,929,594$74,269,833$1,500,255,619
100$2,103,494,664$168,585,407$76,528,136$1,651,269,935