Can I retire at age 51 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,441,937
2 years$768,558$754,244$740,372$726,922$713,875$656,919
3 years$507,282$492,907$479,070$465,746$452,912$397,992
4 years$376,670$362,339$348,640$335,544$323,021$270,557
5 years$298,323$284,078$270,559$257,730$245,555$195,682
6 years$246,109$231,971$218,652$206,108$194,299$147,051
7 years$208,828$194,809$181,701$169,453$158,017$113,380
8 years$180,880$166,987$154,097$142,150$131,091$89,021
9 years$159,154$145,392$132,723$121,080$110,397$70,835
10 years$141,783$128,156$115,711$104,372$94,064$56,935
11 years$127,580$114,090$101,870$90,835$80,898$46,121
12 years$115,753$102,401$90,407$79,675$70,105$37,589
13 years$105,753$92,541$80,773$70,341$61,133$30,783
14 years$97,189$84,117$72,575$62,441$53,589$25,308
15 years$89,773$76,842$65,525$55,686$47,184$20,872
16 years$83,291$70,501$59,408$49,861$41,701$17,257
17 years$77,577$64,929$54,059$44,800$36,975$14,298
18 years$72,504$59,997$49,349$40,373$32,876$11,866
19 years$67,971$55,605$45,177$36,481$29,303$9,862
20 years$63,895$51,671$41,461$33,040$26,174$8,206
21 years$60,213$48,129$38,136$29,986$23,423$6,834
22 years$56,870$44,927$35,148$27,264$20,996$5,696
23 years$53,822$42,019$32,453$24,830$18,847$4,751
24 years$51,032$39,369$30,014$22,647$16,940$3,965
25 years$48,469$36,946$27,799$20,682$15,243$3,310
26 years$46,108$34,723$25,782$18,911$13,731$2,765
27 years$43,925$32,679$23,941$17,309$12,379$2,310
28 years$41,901$30,793$22,256$15,859$11,170$1,930
29 years$40,021$29,050$20,711$14,543$10,086$1,614
30 years$38,269$27,434$19,292$13,347$9,114$1,349
31 years$36,633$25,935$17,985$12,258$8,240$1,128
32 years$35,103$24,539$16,780$11,266$7,453$943
33 years$33,668$23,239$15,668$10,360$6,745$789
34 years$32,321$22,026$14,639$9,532$6,107$660
35 years$31,053$20,891$13,687$8,775$5,531$552
36 years$29,859$19,828$12,804$8,081$5,012$462
37 years$28,732$18,833$11,984$7,446$4,542$386
38 years$27,666$17,898$11,222$6,863$4,118$323
39 years$26,658$17,019$10,514$6,328$3,734$270
40 years$25,703$16,192$9,855$5,837$3,387$226
41 years$24,796$15,413$9,241$5,385$3,073$189
42 years$23,935$14,679$8,668$4,970$2,788$158
43 years$23,116$13,986$8,134$4,588$2,531$133
44 years$22,337$13,332$7,635$4,236$2,297$111
45 years$21,594$12,713$7,169$3,912$2,085$93
46 years$20,886$12,128$6,733$3,614$1,893$78
47 years$20,210$11,574$6,326$3,338$1,719$65
48 years$19,564$11,049$5,945$3,085$1,561$54
49 years$18,946$10,551$5,588$2,851$1,418$46
50 years$18,355$10,079$5,253$2,635$1,288$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $18,800,000, adding $3,775 every year, while hoping to spend $34,822 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$18,800,000$18,800,000$18,800,000$18,800,000
51$20,721,494$19,725,094$19,433,694$21,867,769
52$22,798,036$20,654,573$20,047,672$23,570,264
53$25,085,218$21,628,430$20,681,052$25,420,925
54$27,604,489$22,648,802$21,334,446$27,437,332
55$30,379,484$23,717,930$22,008,487$29,635,393
56$33,436,247$24,838,164$22,703,827$32,032,592
57$36,803,480$26,011,969$23,421,140$34,648,153
58$40,512,806$27,241,928$24,161,120$37,503,207
59$44,599,079$28,530,749$24,924,484$40,620,994
60$49,100,701$29,881,271$25,711,970$44,027,066
61$54,059,993$31,296,474$26,524,342$47,749,527
62$59,523,590$32,779,479$27,362,385$51,819,292
63$65,542,882$34,333,559$28,226,911$56,270,362
64$72,174,501$35,962,148$29,118,757$61,140,145
65$79,480,851$37,668,845$30,038,786$66,469,799
66$87,530,702$39,457,423$30,987,890$72,304,604
67$96,399,837$41,331,839$31,966,988$78,694,391
68$106,171,764$43,296,244$32,977,026$85,693,993
69$116,938,512$45,354,987$34,018,984$93,363,754
70$128,801,490$47,512,632$35,093,870$101,770,093
71$141,872,453$49,773,962$36,202,725$110,986,110
72$156,274,550$52,143,992$37,346,623$121,092,273
73$172,143,491$54,627,985$38,526,672$132,177,158
74$189,628,825$57,231,454$39,744,014$144,338,274
75$208,895,354$59,960,184$40,999,827$157,682,972
76$230,124,688$62,820,241$42,295,329$172,329,440
77$253,516,956$65,817,983$43,631,773$188,407,804
78$279,292,702$68,960,081$45,010,454$206,061,341
79$307,694,960$72,253,527$46,432,706$225,447,817
80$338,991,552$75,705,656$47,899,908$246,740,954
81$373,477,615$79,324,158$49,413,480$270,132,054
82$411,478,388$83,117,098$50,974,887$295,831,787
83$453,352,280$87,092,932$52,585,643$324,072,155
84$499,494,257$91,260,530$54,247,306$355,108,666
85$550,339,567$95,629,192$55,961,486$389,222,722
86$606,367,851$100,208,670$57,729,844$426,724,250
87$668,107,670$105,009,193$59,554,092$467,954,605
88$736,141,494$110,041,485$61,435,996$513,289,770
89$811,111,204$115,316,796$63,377,380$563,143,872
90$893,724,148$120,846,920$65,380,123$617,973,071
91$984,759,820$126,644,227$67,446,165$678,279,831
92$1,085,077,218$132,721,691$69,577,508$744,617,637
93$1,195,622,955$139,092,915$71,776,216$817,596,183
94$1,317,440,195$145,772,166$74,044,418$897,887,102
95$1,451,678,500$152,774,408$76,384,311$986,230,261
96$1,599,604,684$160,115,330$78,798,162$1,083,440,720
97$1,762,614,770$167,811,389$81,288,308$1,190,416,377
98$1,942,247,172$175,879,844$83,857,163$1,308,146,412
99$2,140,197,219$184,338,792$86,507,213$1,437,720,579
100$2,358,333,158$193,207,214$89,241,027$1,580,339,453