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

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,327,691
2 years$694,972$682,029$669,485$657,323$645,526$617,531
3 years$458,713$445,714$433,201$421,153$409,548$382,344
4 years$340,606$327,647$315,260$303,417$292,093$265,890
5 years$269,760$256,879$244,654$233,053$222,044$196,917
6 years$222,546$209,761$197,717$186,375$175,696$151,671
7 years$188,834$176,157$164,304$153,229$142,888$119,971
8 years$163,562$150,999$139,343$128,540$118,539$96,722
9 years$143,916$131,472$120,016$109,487$99,827$79,096
10 years$128,208$115,886$104,632$94,379$85,058$65,391
11 years$115,365$103,166$92,117$82,138$73,153$54,527
12 years$104,670$92,597$81,751$72,046$63,393$45,780
13 years$95,628$83,680$73,039$63,606$55,280$38,650
14 years$87,883$76,063$65,626$56,462$48,458$32,779
15 years$81,178$69,485$59,252$50,355$42,666$27,904
16 years$75,316$63,751$53,720$45,087$37,708$23,829
17 years$70,150$58,712$48,883$40,510$33,435$20,402
18 years$65,562$54,253$44,624$36,508$29,729$17,507
19 years$61,463$50,281$40,851$32,988$26,498$15,051
20 years$57,778$46,724$37,491$29,877$23,668$12,960
21 years$54,448$43,521$34,485$27,115$21,180$11,175
22 years$51,425$40,625$31,783$24,654$18,985$9,647
23 years$48,669$37,996$29,346$22,453$17,042$8,336
24 years$46,146$35,600$27,140$20,478$15,318$7,209
25 years$43,829$33,409$25,137$18,702$13,784$6,239
26 years$41,693$31,399$23,313$17,100$12,416$5,403
27 years$39,719$29,550$21,649$15,652$11,194$4,682
28 years$37,889$27,845$20,125$14,341$10,101$4,059
29 years$36,189$26,268$18,728$13,151$9,121$3,520
30 years$34,605$24,808$17,445$12,069$8,241$3,054
31 years$33,126$23,452$16,263$11,085$7,451$2,650
32 years$31,742$22,190$15,174$10,187$6,740$2,301
33 years$30,445$21,014$14,168$9,368$6,099$1,998
34 years$29,226$19,917$13,238$8,619$5,522$1,735
35 years$28,080$18,891$12,376$7,934$5,002$1,507
36 years$27,000$17,930$11,578$7,307$4,532$1,309
37 years$25,981$17,029$10,836$6,733$4,107$1,137
38 years$25,017$16,184$10,148$6,206$3,724$988
39 years$24,106$15,389$9,507$5,722$3,377$859
40 years$23,242$14,642$8,911$5,278$3,063$746
41 years$22,422$13,938$8,356$4,869$2,779$649
42 years$21,643$13,274$7,838$4,494$2,521$564
43 years$20,903$12,647$7,355$4,148$2,288$490
44 years$20,198$12,055$6,904$3,830$2,077$426
45 years$19,527$11,496$6,483$3,537$1,886$370
46 years$18,886$10,967$6,089$3,268$1,712$322
47 years$18,275$10,465$5,720$3,019$1,555$280
48 years$17,691$9,991$5,375$2,790$1,412$243
49 years$17,132$9,541$5,053$2,578$1,282$212
50 years$16,598$9,114$4,750$2,383$1,165$184

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 $6,336 every year, while hoping to spend $32,721 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: 54/35/11 Blend
50$17,000,000$17,000,000$17,000,000$17,000,000
51$18,740,536$17,839,536$17,576,036$19,699,539
52$20,617,255$18,678,858$18,130,018$21,190,613
53$22,684,304$19,558,210$18,701,462$22,808,574
54$24,961,060$20,479,520$19,290,918$24,568,783
55$27,468,879$21,444,807$19,898,954$26,484,754
56$30,231,291$22,456,189$20,526,156$28,571,335
57$33,274,228$23,515,888$21,173,127$30,844,839
58$36,626,264$24,626,231$21,840,492$33,323,197
59$40,318,886$25,789,660$22,528,892$36,026,117
60$44,386,794$27,008,734$23,238,991$38,975,262
61$48,868,222$28,286,138$23,971,473$42,194,448
62$53,805,307$29,624,684$24,727,043$45,709,863
63$59,244,479$31,027,324$25,506,429$49,550,302
64$65,236,903$32,497,151$26,310,383$53,747,436
65$71,838,964$34,037,408$27,139,677$58,336,095
66$79,112,794$35,651,497$27,995,112$63,354,593
67$87,126,861$37,342,982$28,877,511$68,845,077
68$95,956,617$39,115,605$29,787,723$74,853,917
69$105,685,207$40,973,284$30,726,627$81,432,129
70$116,404,255$42,920,132$31,695,126$88,635,850
71$128,214,730$44,960,459$32,694,153$96,526,853
72$141,227,896$47,098,785$33,724,671$105,173,119
73$155,566,365$49,339,850$34,787,671$114,649,464
74$171,365,255$51,688,623$35,884,179$125,038,236
75$188,773,463$54,150,317$37,015,250$136,430,073
76$207,955,069$56,730,395$38,181,974$148,924,748
77$229,090,890$59,434,589$39,385,475$162,632,093
78$252,380,184$62,268,907$40,626,911$177,673,020
79$278,042,530$65,239,651$41,907,480$194,180,645
80$306,319,902$68,353,427$43,228,414$212,301,528
81$337,478,952$71,617,165$44,590,986$232,197,040
82$371,813,529$75,038,130$45,996,508$254,044,859
83$409,647,452$78,623,942$47,446,334$278,040,635
84$451,337,567$82,382,590$48,941,862$304,399,813
85$497,277,116$86,322,454$50,484,530$333,359,644
86$547,899,446$90,452,319$52,075,827$365,181,398
87$603,682,107$94,781,399$53,717,284$400,152,814
88$665,151,351$99,319,357$55,410,483$438,590,781
89$732,887,109$104,076,326$57,157,054$480,844,310
90$807,528,459$109,062,931$58,958,680$527,297,797
91$889,779,664$114,290,316$60,817,098$578,374,623
92$980,416,815$119,770,167$62,734,096$634,541,119
93$1,080,295,164$125,514,739$64,711,522$696,310,938
94$1,190,357,193$131,536,884$66,751,281$764,249,868
95$1,311,641,515$137,850,079$68,855,337$838,981,138
96$1,445,292,676$144,468,460$71,025,717$921,191,265
97$1,592,571,963$151,406,848$73,264,512$1,011,636,495
98$1,754,869,309$158,680,790$75,573,880$1,111,149,904
99$1,933,716,418$166,306,587$77,956,043$1,220,649,216
100$2,130,801,220$174,301,338$80,413,299$1,341,145,424