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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,347,406
2 years$711,325$698,077$685,238$672,789$660,714$620,638
3 years$469,506$456,201$443,394$431,063$419,184$380,382
4 years$348,620$335,356$322,677$310,556$298,966$261,736
5 years$276,108$262,923$250,411$238,537$227,269$191,712
6 years$227,782$214,697$202,369$190,760$179,830$145,980
7 years$193,277$180,302$168,170$156,834$146,250$114,105
8 years$167,410$154,552$142,621$131,564$121,329$90,871
9 years$147,302$134,565$122,840$112,064$102,176$73,375
10 years$131,225$118,613$107,094$96,600$87,059$59,876
11 years$118,079$105,594$94,284$84,071$74,874$49,263
12 years$107,133$94,775$83,675$73,741$64,884$40,795
13 years$97,878$85,649$74,758$65,103$56,580$33,960
14 years$89,951$77,853$67,170$57,791$49,598$28,390
15 years$83,088$71,120$60,646$51,539$43,670$23,815
16 years$77,089$65,251$54,984$46,148$38,596$20,035
17 years$71,800$60,094$50,034$41,463$34,221$16,895
18 years$67,105$55,529$45,674$37,367$30,428$14,275
19 years$62,909$51,464$41,813$33,764$27,121$12,081
20 years$59,137$47,823$38,373$30,580$24,225$10,239
21 years$55,729$44,545$35,296$27,753$21,679$8,687
22 years$52,635$41,581$32,531$25,234$19,432$7,378
23 years$49,814$38,890$30,036$22,981$17,443$6,271
24 years$47,232$36,438$27,779$20,960$15,678$5,334
25 years$44,860$34,195$25,729$19,142$14,108$4,540
26 years$42,674$32,138$23,862$17,502$12,708$3,866
27 years$40,654$30,245$22,158$16,020$11,457$3,293
28 years$38,781$28,500$20,599$14,678$10,338$2,806
29 years$37,040$26,886$19,169$13,460$9,335$2,392
30 years$35,419$25,391$17,855$12,353$8,435$2,040
31 years$33,905$24,003$16,646$11,345$7,626$1,740
32 years$32,489$22,712$15,531$10,427$6,898$1,484
33 years$31,161$21,509$14,501$9,588$6,243$1,266
34 years$29,914$20,385$13,549$8,822$5,652$1,080
35 years$28,741$19,335$12,667$8,121$5,119$922
36 years$27,635$18,352$11,850$7,479$4,639$787
37 years$26,592$17,430$11,091$6,891$4,204$672
38 years$25,606$16,565$10,387$6,352$3,811$573
39 years$24,673$15,751$9,731$5,857$3,456$489
40 years$23,789$14,986$9,121$5,402$3,135$418
41 years$22,950$14,266$8,553$4,984$2,844$357
42 years$22,153$13,586$8,023$4,600$2,581$305
43 years$21,395$12,945$7,528$4,246$2,342$260
44 years$20,674$12,339$7,066$3,920$2,126$222
45 years$19,986$11,766$6,635$3,621$1,930$190
46 years$19,331$11,225$6,232$3,344$1,752$162
47 years$18,705$10,712$5,855$3,090$1,591$138
48 years$18,107$10,226$5,502$2,855$1,445$118
49 years$17,536$9,765$5,171$2,639$1,312$101
50 years$16,988$9,328$4,862$2,439$1,192$86

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 $6,624 every year, while hoping to spend $40,912 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: 61/25/14 Blend
50$17,400,000$17,400,000$17,400,000$17,400,000
51$19,181,633$18,259,433$17,989,733$20,285,207
52$21,094,629$19,110,615$18,548,859$21,879,271
53$23,201,380$20,002,134$19,125,344$23,612,792
54$25,521,605$20,935,923$19,719,728$25,503,493
55$28,077,034$21,914,008$20,332,564$27,566,593
56$30,891,612$22,938,515$20,964,425$29,818,829
57$33,991,725$24,011,671$21,615,902$32,278,607
58$37,406,448$25,135,809$22,287,601$34,966,172
59$41,167,821$26,313,380$22,980,151$37,903,796
60$45,311,151$27,546,947$23,694,198$41,115,978
61$49,875,342$28,839,202$24,430,408$44,629,674
62$54,903,269$30,192,964$25,189,469$48,474,543
63$60,442,174$31,611,191$25,972,088$52,683,221
64$66,544,119$33,096,983$26,778,996$57,291,624
65$73,266,473$34,653,589$27,610,946$62,339,277
66$80,672,455$36,284,416$28,468,714$67,869,684
67$88,831,730$37,993,038$29,353,101$73,930,727
68$97,821,068$39,783,198$30,264,932$80,575,115
69$107,725,067$41,658,824$31,205,056$87,860,869
70$118,636,950$43,624,033$32,174,352$95,851,862
71$130,659,448$45,683,140$33,173,722$104,618,416
72$143,905,770$47,840,672$34,204,100$114,237,952
73$158,500,667$50,101,373$35,266,446$124,795,715
74$174,581,614$52,470,219$36,361,750$136,385,566
75$192,300,104$54,952,425$37,491,034$149,110,859
76$211,823,081$57,553,461$38,655,351$163,085,403
77$233,334,517$60,279,062$39,855,786$178,434,528
78$257,037,141$63,135,239$41,093,459$195,296,254
79$283,154,361$66,128,298$42,369,522$213,822,578
80$311,932,371$69,264,849$43,685,165$234,180,903
81$343,642,469$72,551,824$45,041,615$256,555,598
82$378,583,627$75,996,489$46,440,135$281,149,726
83$417,085,307$79,606,466$47,882,029$308,186,944
84$459,510,571$83,389,746$49,368,640$337,913,602
85$506,259,513$87,354,708$50,901,353$370,601,048
86$557,773,031$91,510,137$52,481,597$406,548,174
87$614,536,993$95,865,245$54,110,842$446,084,218
88$677,086,818$100,429,694$55,790,608$489,571,855
89$746,012,538$105,213,614$57,522,457$537,410,598
90$821,964,361$110,227,625$59,308,004$590,040,550
91$905,658,814$115,482,867$61,148,911$647,946,536
92$997,885,506$120,991,020$63,046,892$711,662,659
93$1,099,514,579$126,764,332$65,003,714$781,777,313
94$1,211,504,927$132,815,645$67,021,199$858,938,719
95$1,334,913,246$139,158,428$69,101,226$943,861,012
96$1,470,904,011$145,806,805$71,245,731$1,037,330,961
97$1,620,760,466$152,775,584$73,456,709$1,140,215,361
98$1,785,896,744$160,080,298$75,736,219$1,253,469,191
99$1,967,871,211$167,737,232$78,086,381$1,378,144,596
100$2,168,401,183$175,763,465$80,509,384$1,515,400,784