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%19.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,428,294
2 years$760,381$746,220$732,495$719,188$706,281$651,594
3 years$501,886$487,663$473,973$460,791$448,094$395,336
4 years$372,663$358,484$344,931$331,974$319,584$269,158
5 years$295,150$281,056$267,681$254,988$242,943$194,979
6 years$243,491$229,503$216,326$203,916$192,232$146,765
7 years$206,606$192,736$179,768$167,650$156,336$113,353
8 years$178,956$165,211$152,457$140,638$129,696$89,159
9 years$157,461$143,846$131,311$119,792$109,223$71,076
10 years$140,275$126,793$114,480$103,262$93,063$57,238
11 years$126,223$112,876$100,787$89,869$80,038$46,456
12 years$114,521$101,312$89,446$78,827$69,359$37,938
13 years$104,628$91,556$79,914$69,593$60,482$31,134
14 years$96,155$83,222$71,803$61,776$53,018$25,650
15 years$88,818$76,025$64,828$55,094$46,682$21,199
16 years$82,405$69,751$58,776$49,330$41,257$17,566
17 years$76,752$64,238$53,484$44,323$36,582$14,586
18 years$71,733$59,359$48,824$39,944$32,527$12,132
19 years$67,248$55,013$44,696$36,093$28,992$10,106
20 years$63,216$51,121$41,020$32,689$25,896$8,428
21 years$59,572$47,617$37,730$29,667$23,174$7,036
22 years$56,265$44,449$34,774$26,974$20,772$5,878
23 years$53,249$41,572$32,108$24,566$18,646$4,914
24 years$50,489$38,951$29,694$22,406$16,760$4,111
25 years$47,954$36,553$27,503$20,462$15,081$3,441
26 years$45,617$34,354$25,508$18,710$13,585$2,881
27 years$43,457$32,331$23,686$17,125$12,248$2,412
28 years$41,455$30,466$22,019$15,690$11,051$2,021
29 years$39,595$28,741$20,491$14,388$9,979$1,693
30 years$37,862$27,143$19,086$13,205$9,017$1,419
31 years$36,243$25,659$17,794$12,128$8,152$1,190
32 years$34,729$24,278$16,602$11,146$7,374$997
33 years$33,310$22,992$15,501$10,249$6,673$836
34 years$31,977$21,791$14,483$9,430$6,042$701
35 years$30,723$20,669$13,541$8,681$5,473$588
36 years$29,541$19,618$12,667$7,995$4,958$493
37 years$28,426$18,632$11,856$7,366$4,494$414
38 years$27,372$17,707$11,103$6,790$4,074$347
39 years$26,374$16,838$10,402$6,261$3,695$291
40 years$25,429$16,020$9,750$5,774$3,351$244
41 years$24,532$15,249$9,142$5,328$3,040$205
42 years$23,681$14,523$8,576$4,917$2,759$172
43 years$22,871$13,837$8,047$4,539$2,504$144
44 years$22,099$13,190$7,554$4,191$2,273$121
45 years$21,365$12,578$7,093$3,870$2,063$101
46 years$20,664$11,999$6,662$3,575$1,873$85
47 years$19,995$11,450$6,259$3,303$1,701$71
48 years$19,356$10,931$5,881$3,052$1,545$60
49 years$18,745$10,439$5,528$2,821$1,403$50
50 years$18,160$9,971$5,197$2,607$1,274$42

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 $6,809 every year, while hoping to spend $58,779 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: 67/21/12 Blend
50$18,600,000$18,600,000$18,600,000$18,600,000
51$20,504,223$19,518,423$19,230,123$21,823,141
52$22,533,114$20,412,286$19,811,792$23,595,949
53$24,766,981$21,347,977$20,410,977$25,525,900
54$27,226,671$22,327,486$21,028,202$27,634,479
55$29,935,152$23,352,894$21,664,008$29,939,173
56$32,917,737$24,426,385$22,318,952$32,459,219
57$36,202,316$25,550,247$22,993,606$35,215,785
58$39,819,620$26,726,878$23,688,560$38,232,164
59$43,803,517$27,958,790$24,404,423$41,533,990
60$48,191,324$29,248,619$25,141,819$45,149,473
61$53,024,162$30,599,125$25,901,393$49,109,665
62$58,347,346$32,013,201$26,683,808$53,448,742
63$64,210,807$33,493,880$27,489,748$58,204,324
64$70,669,571$35,044,342$28,319,917$63,417,825
65$77,784,271$36,667,918$29,175,037$69,134,838
66$85,621,721$38,368,101$30,055,856$75,405,557
67$94,255,551$40,148,551$30,963,141$82,285,247
68$103,766,894$42,013,107$31,897,683$89,834,757
69$114,245,158$43,965,790$32,860,296$98,121,085
70$125,788,868$46,010,818$33,851,819$107,218,012
71$138,506,593$48,152,608$34,873,116$117,206,777
72$152,517,974$50,395,795$35,925,075$128,176,850
73$167,954,854$52,745,235$37,008,611$140,226,757
74$184,962,516$55,206,019$38,124,667$153,465,006
75$203,701,063$57,783,484$39,274,213$168,011,103
76$224,346,921$60,483,224$40,458,248$183,996,668
77$247,094,509$63,311,105$41,677,802$201,566,668
78$272,158,074$66,273,274$42,933,934$220,880,776
79$299,773,711$69,376,177$44,227,733$242,114,865
80$330,201,590$72,626,571$45,560,323$265,462,659
81$363,728,419$76,031,540$46,932,861$291,137,548
82$400,670,142$79,598,509$48,346,536$319,374,592
83$441,374,925$83,335,265$49,802,573$350,432,722
84$486,226,444$87,249,969$51,302,236$384,597,176
85$535,647,502$91,351,179$52,846,822$422,182,175
86$590,104,027$95,647,866$54,437,670$463,533,873
87$650,109,462$100,149,436$56,076,156$509,033,609
88$716,229,619$104,865,750$57,763,699$559,101,493
89$789,088,014$109,807,146$59,501,758$614,200,353
90$869,371,760$114,984,464$61,291,835$674,840,083
91$957,838,046$120,409,069$63,135,478$741,582,445
92$1,055,321,290$126,092,877$65,034,279$815,046,344
93$1,162,741,013$132,048,379$66,989,879$895,913,657
94$1,281,110,522$138,288,676$69,003,966$984,935,642
95$1,411,546,473$144,827,499$71,078,277$1,082,940,015
96$1,555,279,416$151,679,249$73,214,601$1,190,838,733
97$1,713,665,408$158,859,024$75,414,782$1,309,636,583
98$1,888,198,817$166,382,653$77,680,715$1,440,440,639
99$2,080,526,429$174,266,736$80,014,351$1,584,470,688
100$2,292,462,995$182,528,676$82,417,702$1,743,070,718