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%15.9%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,322,833
2 years$694,972$682,029$669,485$657,323$645,526$612,706
3 years$458,713$445,714$433,201$421,153$409,548$377,706
4 years$340,606$327,647$315,260$303,417$292,093$261,474
5 years$269,760$256,879$244,654$233,053$222,044$192,733
6 years$222,546$209,761$197,717$186,375$175,696$147,722
7 years$188,834$176,157$164,304$153,229$142,888$116,255
8 years$163,562$150,999$139,343$128,540$118,539$93,237
9 years$143,916$131,472$120,016$109,487$99,827$75,834
10 years$128,208$115,886$104,632$94,379$85,058$62,347
11 years$115,365$103,166$92,117$82,138$73,153$51,692
12 years$104,670$92,597$81,751$72,046$63,393$43,145
13 years$95,628$83,680$73,039$63,606$55,280$36,208
14 years$87,883$76,063$65,626$56,462$48,458$30,520
15 years$81,178$69,485$59,252$50,355$42,666$25,819
16 years$75,316$63,751$53,720$45,087$37,708$21,908
17 years$70,150$58,712$48,883$40,510$33,435$18,636
18 years$65,562$54,253$44,624$36,508$29,729$15,886
19 years$61,463$50,281$40,851$32,988$26,498$13,566
20 years$57,778$46,724$37,491$29,877$23,668$11,603
21 years$54,448$43,521$34,485$27,115$21,180$9,936
22 years$51,425$40,625$31,783$24,654$18,985$8,517
23 years$48,669$37,996$29,346$22,453$17,042$7,308
24 years$46,146$35,600$27,140$20,478$15,318$6,276
25 years$43,829$33,409$25,137$18,702$13,784$5,393
26 years$41,693$31,399$23,313$17,100$12,416$4,637
27 years$39,719$29,550$21,649$15,652$11,194$3,988
28 years$37,889$27,845$20,125$14,341$10,101$3,432
29 years$36,189$26,268$18,728$13,151$9,121$2,955
30 years$34,605$24,808$17,445$12,069$8,241$2,545
31 years$33,126$23,452$16,263$11,085$7,451$2,192
32 years$31,742$22,190$15,174$10,187$6,740$1,888
33 years$30,445$21,014$14,168$9,368$6,099$1,627
34 years$29,226$19,917$13,238$8,619$5,522$1,403
35 years$28,080$18,891$12,376$7,934$5,002$1,209
36 years$27,000$17,930$11,578$7,307$4,532$1,042
37 years$25,981$17,029$10,836$6,733$4,107$899
38 years$25,017$16,184$10,148$6,206$3,724$775
39 years$24,106$15,389$9,507$5,722$3,377$668
40 years$23,242$14,642$8,911$5,278$3,063$576
41 years$22,422$13,938$8,356$4,869$2,779$497
42 years$21,643$13,274$7,838$4,494$2,521$429
43 years$20,903$12,647$7,355$4,148$2,288$370
44 years$20,198$12,055$6,904$3,830$2,077$319
45 years$19,527$11,496$6,483$3,537$1,886$275
46 years$18,886$10,967$6,089$3,268$1,712$237
47 years$18,275$10,465$5,720$3,019$1,555$205
48 years$17,691$9,991$5,375$2,790$1,412$177
49 years$17,132$9,541$5,053$2,578$1,282$152
50 years$16,598$9,114$4,750$2,383$1,165$132

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 $5,282 every year, while hoping to spend $44,243 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: 56/16/28 Blend
50$17,000,000$17,000,000$17,000,000$17,000,000
51$18,739,448$17,838,448$17,574,948$19,643,927
52$20,603,798$18,665,458$18,116,635$21,093,918
53$22,656,828$19,531,509$18,674,985$22,667,927
54$24,917,738$20,438,466$19,250,511$24,382,063
55$27,407,683$21,388,286$19,843,738$26,249,861
56$30,149,975$22,383,021$20,455,212$28,286,210
57$33,170,302$23,424,818$21,085,491$30,507,484
58$36,496,971$24,515,932$21,735,153$32,931,699
59$40,161,174$25,658,725$22,404,792$35,578,671
60$44,197,283$26,855,672$23,095,023$38,470,206
61$48,643,175$28,109,369$23,806,475$41,630,297
62$53,540,588$29,422,537$24,539,801$45,085,345
63$58,935,514$30,798,028$25,295,671$48,864,409
64$64,878,638$32,238,832$26,074,777$52,999,467
65$71,425,809$33,748,085$26,877,831$57,525,718
66$78,638,572$35,329,071$27,705,569$62,481,907
67$86,584,747$36,985,237$28,558,747$67,910,684
68$95,339,072$38,720,194$29,438,145$73,859,004
69$104,983,902$40,537,728$30,344,568$80,378,558
70$115,609,992$42,441,809$31,278,843$87,526,259
71$127,317,352$44,436,599$32,241,825$95,364,771
72$140,216,190$46,526,460$33,234,394$103,963,092
73$154,427,952$48,715,967$34,257,457$113,397,201
74$170,086,469$51,009,916$35,311,948$123,750,761
75$187,339,222$53,413,335$36,398,832$135,115,910
76$206,348,729$55,931,495$37,519,099$147,594,113
77$227,294,085$58,569,923$38,673,774$161,297,117
78$250,372,647$61,334,415$39,863,911$176,347,992
79$275,801,901$64,231,045$41,090,596$192,882,289
80$303,821,513$67,266,185$42,354,949$211,049,304
81$334,695,592$70,446,513$43,658,125$231,013,477
82$368,715,182$73,779,032$45,001,312$252,955,939
83$406,201,011$77,271,084$46,385,736$277,076,203
84$447,506,515$80,930,369$47,812,659$303,594,042
85$493,021,181$84,764,958$49,283,384$332,751,546
86$543,174,216$88,783,315$50,799,252$364,815,397
87$598,438,604$92,994,316$52,361,646$400,079,372
88$659,335,569$97,407,265$53,971,988$438,867,104
89$726,439,496$102,031,920$55,631,749$481,535,120
90$800,383,352$106,878,511$57,342,440$528,476,191
91$881,864,663$111,957,767$59,105,620$580,123,027
92$971,652,097$117,280,936$60,922,897$636,952,342
93$1,070,592,722$122,859,813$62,795,925$699,489,337
94$1,179,620,002$128,706,766$64,726,411$768,312,642
95$1,299,762,610$134,834,766$66,716,114$844,059,758
96$1,432,154,137$141,257,410$68,766,844$927,433,052
97$1,578,043,796$147,988,960$70,880,470$1,019,206,374
98$1,738,808,213$155,044,368$73,058,916$1,120,232,334
99$1,915,964,424$162,439,316$75,304,163$1,231,450,333
100$2,111,184,200$170,190,247$77,618,257$1,353,895,402