Can I retire at age 51 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,436,863
2 years$760,381$746,220$732,495$719,188$706,281$660,020
3 years$501,886$487,663$473,973$460,791$448,094$403,349
4 years$372,663$358,484$344,931$331,974$319,584$276,700
5 years$295,150$281,056$267,681$254,988$242,943$202,034
6 years$243,491$229,503$216,326$203,916$192,232$153,334
7 years$206,606$192,736$179,768$167,650$156,336$119,445
8 years$178,956$165,211$152,457$140,638$129,696$94,788
9 years$157,461$143,846$131,311$119,792$109,223$76,260
10 years$140,275$126,793$114,480$103,262$93,063$61,996
11 years$126,223$112,876$100,787$89,869$80,038$50,810
12 years$114,521$101,312$89,446$78,827$69,359$41,910
13 years$104,628$91,556$79,914$69,593$60,482$34,746
14 years$96,155$83,222$71,803$61,776$53,018$28,927
15 years$88,818$76,025$64,828$55,094$46,682$24,164
16 years$82,405$69,751$58,776$49,330$41,257$20,241
17 years$76,752$64,238$53,484$44,323$36,582$16,993
18 years$71,733$59,359$48,824$39,944$32,527$14,294
19 years$67,248$55,013$44,696$36,093$28,992$12,043
20 years$63,216$51,121$41,020$32,689$25,896$10,159
21 years$59,572$47,617$37,730$29,667$23,174$8,580
22 years$56,265$44,449$34,774$26,974$20,772$7,253
23 years$53,249$41,572$32,108$24,566$18,646$6,136
24 years$50,489$38,951$29,694$22,406$16,760$5,194
25 years$47,954$36,553$27,503$20,462$15,081$4,400
26 years$45,617$34,354$25,508$18,710$13,585$3,728
27 years$43,457$32,331$23,686$17,125$12,248$3,161
28 years$41,455$30,466$22,019$15,690$11,051$2,680
29 years$39,595$28,741$20,491$14,388$9,979$2,274
30 years$37,862$27,143$19,086$13,205$9,017$1,929
31 years$36,243$25,659$17,794$12,128$8,152$1,637
32 years$34,729$24,278$16,602$11,146$7,374$1,390
33 years$33,310$22,992$15,501$10,249$6,673$1,180
34 years$31,977$21,791$14,483$9,430$6,042$1,002
35 years$30,723$20,669$13,541$8,681$5,473$850
36 years$29,541$19,618$12,667$7,995$4,958$722
37 years$28,426$18,632$11,856$7,366$4,494$613
38 years$27,372$17,707$11,103$6,790$4,074$521
39 years$26,374$16,838$10,402$6,261$3,695$442
40 years$25,429$16,020$9,750$5,774$3,351$376
41 years$24,532$15,249$9,142$5,328$3,040$319
42 years$23,681$14,523$8,576$4,917$2,759$271
43 years$22,871$13,837$8,047$4,539$2,504$230
44 years$22,099$13,190$7,554$4,191$2,273$196
45 years$21,365$12,578$7,093$3,870$2,063$166
46 years$20,664$11,999$6,662$3,575$1,873$141
47 years$19,995$11,450$6,259$3,303$1,701$120
48 years$19,356$10,931$5,881$3,052$1,545$102
49 years$18,745$10,439$5,528$2,821$1,403$87
50 years$18,160$9,971$5,197$2,607$1,274$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $18,600,000, adding $4,502 every year, while hoping to spend $47,878 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: 58/31/11 Blend
50$18,600,000$18,600,000$18,600,000$18,600,000
51$20,501,844$19,516,044$19,227,744$21,635,924
52$22,542,090$20,421,388$19,820,931$23,306,151
53$24,788,837$21,369,490$20,432,386$25,120,134
54$27,263,096$22,362,393$21,062,669$27,096,246
55$29,988,023$23,402,241$21,712,360$29,250,052
56$32,989,131$24,491,281$22,382,054$31,598,657
57$36,294,536$25,631,867$23,072,366$34,160,866
58$39,935,218$26,826,468$23,783,929$36,957,357
59$43,945,317$28,077,671$24,517,397$40,010,866
60$48,362,452$29,388,190$25,273,443$43,346,396
61$53,228,078$30,760,867$26,052,759$46,991,448
62$58,587,877$32,198,684$26,856,062$50,976,270
63$64,492,187$33,704,767$27,684,087$55,334,136
64$70,996,480$35,282,390$28,537,593$60,101,654
65$78,161,882$36,934,989$29,417,364$65,319,100
66$86,055,754$38,666,163$30,324,206$71,030,789
67$94,752,324$40,479,688$31,258,949$77,285,489
68$104,333,389$42,379,520$32,222,452$84,136,864
69$114,889,086$44,369,808$33,215,596$91,643,976
70$126,518,746$46,454,902$34,239,291$99,871,833
71$139,331,827$48,639,361$35,294,477$108,891,983
72$153,448,950$50,927,966$36,382,118$118,783,189
73$169,003,035$53,325,729$37,503,211$129,632,151
74$186,140,559$55,837,904$38,658,783$141,534,316
75$205,022,936$58,470,002$39,849,892$154,594,767
76$225,828,041$61,227,797$41,077,629$168,929,196
77$248,751,888$64,117,346$42,343,117$184,664,985
78$274,010,484$67,144,999$43,647,514$201,942,394
79$301,841,862$70,317,413$44,992,015$220,915,865
80$332,508,333$73,641,568$46,377,849$241,755,467
81$366,298,961$77,124,782$47,806,284$264,648,481
82$403,532,288$80,774,729$49,278,628$289,801,152
83$444,559,345$84,599,455$50,796,226$317,440,614
84$489,766,966$88,607,396$52,360,467$347,817,017
85$539,581,435$92,807,397$53,972,781$381,205,865
86$594,472,514$97,208,732$55,634,642$417,910,595
87$654,957,877$101,821,126$57,347,569$458,265,417
88$721,607,996$106,654,777$59,113,128$502,638,450
89$795,051,526$111,720,375$60,932,932$551,435,166
90$875,981,240$117,029,133$62,808,644$605,102,192
91$965,160,571$122,592,805$64,741,978$664,131,502
92$1,063,430,815$128,423,718$66,734,700$729,065,028
93$1,171,719,076$134,534,798$68,788,630$800,499,749
94$1,291,047,016$140,939,597$70,905,644$879,093,291
95$1,422,540,503$147,652,329$73,087,674$965,570,106
96$1,567,440,237$154,687,895$75,336,714$1,060,728,273
97$1,727,113,462$162,061,923$77,654,815$1,165,446,995
98$1,903,066,877$169,790,799$80,044,093$1,280,694,864
99$2,096,960,858$177,891,708$82,506,729$1,407,538,961
100$2,310,625,131$186,382,667$85,044,970$1,547,154,891