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%15.3%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,466,473
2 years$768,558$754,244$740,372$726,922$713,875$681,130
3 years$507,282$492,907$479,070$465,746$452,912$421,109
4 years$376,670$362,339$348,640$335,544$323,021$292,405
5 years$298,323$284,078$270,559$257,730$245,555$216,213
6 years$246,109$231,971$218,652$206,108$194,299$166,262
7 years$208,828$194,809$181,701$169,453$158,017$131,289
8 years$180,880$166,987$154,097$142,150$131,091$105,663
9 years$159,154$145,392$132,723$121,080$110,397$86,252
10 years$141,783$128,156$115,711$104,372$94,064$71,176
11 years$127,580$114,090$101,870$90,835$80,898$59,237
12 years$115,753$102,401$90,407$79,675$70,105$49,638
13 years$105,753$92,541$80,773$70,341$61,133$41,823
14 years$97,189$84,117$72,575$62,441$53,589$35,398
15 years$89,773$76,842$65,525$55,686$47,184$30,071
16 years$83,291$70,501$59,408$49,861$41,701$25,625
17 years$77,577$64,929$54,059$44,800$36,975$21,893
18 years$72,504$59,997$49,349$40,373$32,876$18,745
19 years$67,971$55,605$45,177$36,481$29,303$16,079
20 years$63,895$51,671$41,461$33,040$26,174$13,814
21 years$60,213$48,129$38,136$29,986$23,423$11,884
22 years$56,870$44,927$35,148$27,264$20,996$10,235
23 years$53,822$42,019$32,453$24,830$18,847$8,824
24 years$51,032$39,369$30,014$22,647$16,940$7,613
25 years$48,469$36,946$27,799$20,682$15,243$6,573
26 years$46,108$34,723$25,782$18,911$13,731$5,679
27 years$43,925$32,679$23,941$17,309$12,379$4,909
28 years$41,901$30,793$22,256$15,859$11,170$4,245
29 years$40,021$29,050$20,711$14,543$10,086$3,673
30 years$38,269$27,434$19,292$13,347$9,114$3,178
31 years$36,633$25,935$17,985$12,258$8,240$2,751
32 years$35,103$24,539$16,780$11,266$7,453$2,382
33 years$33,668$23,239$15,668$10,360$6,745$2,063
34 years$32,321$22,026$14,639$9,532$6,107$1,787
35 years$31,053$20,891$13,687$8,775$5,531$1,549
36 years$29,859$19,828$12,804$8,081$5,012$1,342
37 years$28,732$18,833$11,984$7,446$4,542$1,163
38 years$27,666$17,898$11,222$6,863$4,118$1,008
39 years$26,658$17,019$10,514$6,328$3,734$874
40 years$25,703$16,192$9,855$5,837$3,387$757
41 years$24,796$15,413$9,241$5,385$3,073$656
42 years$23,935$14,679$8,668$4,970$2,788$569
43 years$23,116$13,986$8,134$4,588$2,531$493
44 years$22,337$13,332$7,635$4,236$2,297$428
45 years$21,594$12,713$7,169$3,912$2,085$371
46 years$20,886$12,128$6,733$3,614$1,893$322
47 years$20,210$11,574$6,326$3,338$1,719$279
48 years$19,564$11,049$5,945$3,085$1,561$242
49 years$18,946$10,551$5,588$2,851$1,418$210
50 years$18,355$10,079$5,253$2,635$1,288$182

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 $4,766 every year, while hoping to spend $41,640 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: 58/19/23 Blend
50$18,800,000$18,800,000$18,800,000$18,800,000
51$20,722,516$19,726,116$19,434,716$21,795,970
52$22,791,908$20,648,391$20,041,474$23,450,440
53$25,070,983$21,614,462$20,667,164$25,248,517
54$27,581,083$22,626,431$21,312,374$27,208,048
55$30,345,729$23,686,501$21,977,714$29,344,649
56$33,390,837$24,796,984$22,663,811$31,675,496
57$36,744,966$25,960,299$23,371,312$34,219,478
58$40,439,586$27,178,988$24,100,885$36,997,376
59$44,509,377$28,455,712$24,853,218$40,032,049
60$48,992,552$29,793,260$25,629,019$43,348,646
61$53,931,223$31,194,561$26,429,022$46,974,841
62$59,371,793$32,662,680$27,253,980$50,941,083
63$65,365,399$34,200,833$28,104,670$55,280,884
64$71,968,389$35,812,393$28,981,896$60,031,122
65$79,242,859$37,500,895$29,886,484$65,232,387
66$87,257,237$39,270,045$30,819,287$70,929,357
67$96,086,926$41,123,729$31,781,185$77,171,211
68$105,815,022$43,066,021$32,773,084$84,012,087
69$116,533,091$45,101,193$33,795,919$91,511,586
70$128,342,039$47,233,724$34,850,655$99,735,324
71$141,353,060$49,468,310$35,938,286$108,755,545
72$155,688,690$51,809,874$37,059,836$118,651,793
73$171,483,959$54,263,581$38,216,363$129,511,656
74$188,887,669$56,834,842$39,408,957$141,431,578
75$208,063,796$59,529,334$40,638,742$154,517,767
76$229,193,040$62,353,009$41,906,877$168,887,180
77$252,474,529$65,312,105$43,214,556$184,668,620
78$278,127,700$68,413,167$44,563,012$202,003,938
79$306,394,368$71,663,055$45,953,516$221,049,365
80$337,541,012$75,068,963$47,387,377$241,976,967
81$371,861,288$78,638,435$48,865,947$264,976,263
82$409,678,801$82,379,380$50,390,618$290,255,996
83$451,350,163$86,300,093$51,962,827$318,046,092
84$497,268,353$90,409,271$53,584,055$348,599,815
85$547,866,433$94,716,034$55,255,830$382,196,141
86$603,621,634$99,229,944$56,979,725$419,142,376
87$665,059,859$103,961,030$58,757,364$459,777,044
88$732,760,651$108,919,807$60,590,422$504,473,058
89$807,362,661$114,117,301$62,480,625$553,641,227
90$889,569,680$119,565,076$64,429,753$607,734,114
91$980,157,279$125,275,257$66,439,642$667,250,286
92$1,079,980,136$131,260,559$68,512,185$732,739,004
93$1,189,980,099$137,534,315$70,649,332$804,805,380
94$1,311,195,080$144,110,508$72,853,096$884,116,074
95$1,444,768,856$151,003,800$75,125,552$971,405,556
96$1,591,961,861$158,229,568$77,468,839$1,067,483,019
97$1,754,163,090$165,803,936$79,885,164$1,173,239,992
98$1,932,903,209$173,743,813$82,376,801$1,289,658,727
99$2,129,869,008$182,066,931$84,946,096$1,417,821,445
100$2,346,919,323$190,791,888$87,595,467$1,558,920,521