Can I retire at age 51 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,360,599
2 years$711,325$698,077$685,238$672,789$660,714$633,721
3 years$469,506$456,201$443,394$431,063$419,184$392,940
4 years$348,620$335,356$322,677$310,556$298,966$273,674
5 years$276,108$262,923$250,411$238,537$227,269$203,001
6 years$227,782$214,697$202,369$190,760$179,830$156,612
7 years$193,277$180,302$168,170$156,834$146,250$124,088
8 years$167,410$154,552$142,621$131,564$121,329$100,216
9 years$147,302$134,565$122,840$112,064$102,176$82,100
10 years$131,225$118,613$107,094$96,600$87,059$68,001
11 years$118,079$105,594$94,284$84,071$74,874$56,811
12 years$107,133$94,775$83,675$73,741$64,884$47,790
13 years$97,878$85,649$74,758$65,103$56,580$40,427
14 years$89,951$77,853$67,170$57,791$49,598$34,356
15 years$83,088$71,120$60,646$51,539$43,670$29,308
16 years$77,089$65,251$54,984$46,148$38,596$25,081
17 years$71,800$60,094$50,034$41,463$34,221$21,520
18 years$67,105$55,529$45,674$37,367$30,428$18,507
19 years$62,909$51,464$41,813$33,764$27,121$15,946
20 years$59,137$47,823$38,373$30,580$24,225$13,762
21 years$55,729$44,545$35,296$27,753$21,679$11,893
22 years$52,635$41,581$32,531$25,234$19,432$10,291
23 years$49,814$38,890$30,036$22,981$17,443$8,913
24 years$47,232$36,438$27,779$20,960$15,678$7,727
25 years$44,860$34,195$25,729$19,142$14,108$6,703
26 years$42,674$32,138$23,862$17,502$12,708$5,819
27 years$40,654$30,245$22,158$16,020$11,457$5,054
28 years$38,781$28,500$20,599$14,678$10,338$4,392
29 years$37,040$26,886$19,169$13,460$9,335$3,819
30 years$35,419$25,391$17,855$12,353$8,435$3,321
31 years$33,905$24,003$16,646$11,345$7,626$2,889
32 years$32,489$22,712$15,531$10,427$6,898$2,514
33 years$31,161$21,509$14,501$9,588$6,243$2,189
34 years$29,914$20,385$13,549$8,822$5,652$1,906
35 years$28,741$19,335$12,667$8,121$5,119$1,659
36 years$27,635$18,352$11,850$7,479$4,639$1,445
37 years$26,592$17,430$11,091$6,891$4,204$1,259
38 years$25,606$16,565$10,387$6,352$3,811$1,097
39 years$24,673$15,751$9,731$5,857$3,456$955
40 years$23,789$14,986$9,121$5,402$3,135$832
41 years$22,950$14,266$8,553$4,984$2,844$725
42 years$22,153$13,586$8,023$4,600$2,581$632
43 years$21,395$12,945$7,528$4,246$2,342$551
44 years$20,674$12,339$7,066$3,920$2,126$480
45 years$19,986$11,766$6,635$3,621$1,930$418
46 years$19,331$11,225$6,232$3,344$1,752$365
47 years$18,705$10,712$5,855$3,090$1,591$318
48 years$18,107$10,226$5,502$2,855$1,445$277
49 years$17,536$9,765$5,171$2,639$1,312$242
50 years$16,988$9,328$4,862$2,439$1,192$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $17,400,000, adding $4,697 every year, while hoping to spend $29,354 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: 66/11/23 Blend
50$17,400,000$17,400,000$17,400,000$17,400,000
51$19,179,645$18,257,445$17,987,745$20,331,853
52$21,104,736$19,120,827$18,559,102$21,970,352
53$23,225,203$20,025,532$19,148,616$23,757,213
54$25,560,943$20,973,552$19,756,863$25,710,101
55$28,133,881$21,966,978$20,384,440$27,845,344
56$30,968,179$23,008,002$21,031,961$30,180,915
57$34,090,462$24,098,923$21,700,061$32,736,596
58$37,530,069$25,242,150$22,389,393$35,534,158
59$41,319,331$26,440,210$23,100,632$38,597,568
60$45,493,875$27,695,753$23,834,476$41,953,211
61$50,092,962$29,011,556$24,591,642$45,630,133
62$55,159,855$30,390,533$25,372,873$49,660,313
63$60,742,230$31,835,739$26,178,934$54,078,961
64$66,892,623$33,350,376$27,010,613$58,924,844
65$73,668,929$34,937,802$27,868,727$64,240,653
66$81,134,945$36,601,540$28,754,115$70,073,394
67$89,360,977$38,345,283$29,667,645$76,474,835
68$98,424,497$40,172,902$30,610,212$83,501,982
69$108,410,880$42,088,459$31,582,738$91,217,618
70$119,414,207$44,096,211$32,586,178$99,690,890
71$131,538,155$46,200,624$33,621,513$108,997,950
72$144,896,971$48,406,379$34,689,759$119,222,676
73$159,616,558$50,718,387$35,791,961$130,457,455
74$175,835,655$53,141,796$36,929,200$142,804,045
75$193,707,154$55,682,007$38,102,591$156,374,536
76$213,399,538$58,344,679$39,313,282$171,292,395
77$235,098,474$61,135,752$40,562,460$187,693,630
78$259,008,566$64,061,451$41,851,349$205,728,061
79$285,355,283$67,128,305$43,181,213$225,560,732
80$314,387,093$70,343,163$44,553,354$247,373,458
81$346,377,802$73,713,204$45,969,118$271,366,533
82$381,629,146$77,245,959$47,429,891$297,760,612
83$420,473,632$80,949,324$48,937,106$326,798,788
84$463,277,682$84,831,581$50,492,239$358,748,873
85$510,445,092$88,901,414$52,096,815$393,905,921
86$562,420,839$93,167,932$53,752,406$432,594,997
87$619,695,289$97,640,684$55,460,636$475,174,243
88$682,808,819$102,329,689$57,223,178$522,038,239
89$752,356,925$107,245,450$59,041,761$573,621,725
90$828,995,838$112,398,984$60,918,167$630,403,686
91$913,448,724$117,801,844$62,854,235$692,911,865
92$1,006,512,506$123,466,146$64,851,864$761,727,730
93$1,109,065,392$129,404,598$66,913,012$837,491,952
94$1,222,075,163$135,630,525$69,039,700$920,910,435
95$1,346,608,312$142,157,903$71,234,012$1,012,760,970
96$1,483,840,109$149,001,390$73,498,100$1,113,900,556
97$1,635,065,699$156,176,356$75,834,185$1,225,273,479
98$1,801,712,326$163,698,923$78,244,556$1,347,920,210
99$1,985,352,812$171,585,999$80,731,578$1,482,987,205
100$2,187,720,401$179,855,316$83,297,688$1,631,737,713