Can I retire at age 51 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,487,663
2 years$772,646$758,256$744,310$730,788$717,673$698,106
3 years$509,981$495,529$481,618$468,223$455,321$436,244
4 years$378,674$364,266$350,494$337,328$324,739$306,299
5 years$299,910$285,589$271,998$259,101$246,861$229,113
6 years$247,418$233,205$219,815$207,205$195,333$178,297
7 years$209,939$195,845$182,667$170,354$158,858$142,540
8 years$181,842$167,875$154,916$142,906$131,788$116,187
9 years$160,000$146,166$133,429$121,724$110,985$96,094
10 years$142,537$128,838$116,327$104,928$94,564$80,374
11 years$128,259$114,697$102,412$91,318$81,329$67,824
12 years$116,368$102,946$90,888$80,099$70,478$57,645
13 years$106,315$93,033$81,203$70,715$61,458$49,280
14 years$97,706$84,564$72,961$62,773$53,874$42,332
15 years$90,251$77,251$65,874$55,982$47,435$36,510
16 years$83,734$70,876$59,724$50,126$41,923$31,596
17 years$77,990$65,274$54,347$45,038$37,172$27,421
18 years$72,890$60,317$49,612$40,588$33,051$23,856
19 years$68,332$55,901$45,417$36,675$29,459$20,798
20 years$64,235$51,946$41,681$33,216$26,314$18,165
21 years$60,533$48,385$38,339$30,146$23,548$15,889
22 years$57,172$45,166$35,335$27,409$21,107$13,917
23 years$54,108$42,243$32,626$24,962$18,947$12,204
24 years$51,303$39,579$30,173$22,767$17,030$10,713
25 years$48,727$37,143$27,947$20,792$15,324$9,412
26 years$46,353$34,908$25,919$19,011$13,804$8,276
27 years$44,158$32,853$24,068$17,402$12,445$7,281
28 years$42,124$30,957$22,374$15,944$11,230$6,410
29 years$40,233$29,204$20,821$14,621$10,140$5,646
30 years$38,472$27,580$19,394$13,418$9,162$4,976
31 years$36,828$26,073$18,081$12,323$8,283$4,386
32 years$35,289$24,670$16,870$11,326$7,493$3,868
33 years$33,847$23,363$15,751$10,415$6,781$3,412
34 years$32,493$22,143$14,717$9,582$6,140$3,011
35 years$31,218$21,002$13,759$8,821$5,561$2,657
36 years$30,018$19,934$12,872$8,124$5,038$2,346
37 years$28,884$18,933$12,048$7,485$4,566$2,071
38 years$27,813$17,993$11,282$6,899$4,140$1,829
39 years$26,800$17,109$10,570$6,362$3,754$1,616
40 years$25,839$16,278$9,907$5,868$3,405$1,427
41 years$24,928$15,495$9,290$5,414$3,089$1,261
42 years$24,062$14,757$8,714$4,996$2,803$1,114
43 years$23,239$14,061$8,177$4,612$2,544$984
44 years$22,456$13,403$7,676$4,258$2,309$870
45 years$21,709$12,781$7,207$3,933$2,096$769
46 years$20,997$12,192$6,769$3,633$1,903$679
47 years$20,318$11,635$6,360$3,356$1,728$600
48 years$19,668$11,107$5,976$3,101$1,570$531
49 years$19,047$10,607$5,617$2,866$1,426$469
50 years$18,453$10,132$5,281$2,649$1,295$415

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $18,900,000, adding $6,081 every year, while hoping to spend $26,283 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: 50/24/26 Blend
50$18,900,000$18,900,000$18,900,000$18,900,000
51$20,834,073$19,832,373$19,539,423$21,722,562
52$22,931,183$20,776,194$20,166,028$23,286,509
53$25,241,318$21,765,382$20,812,744$24,982,273
54$27,786,178$22,802,131$21,480,217$26,824,924
55$30,589,676$23,888,744$22,169,112$28,828,397
56$33,678,165$25,027,633$22,880,119$31,008,005
57$37,080,682$26,221,332$23,613,948$33,380,576
58$40,829,227$27,472,493$24,371,330$35,964,606
59$44,959,063$28,783,899$25,153,024$38,780,431
60$49,509,047$30,158,470$25,959,811$41,850,404
61$54,522,001$31,599,267$26,792,496$45,199,108
62$60,045,112$33,109,497$27,651,911$48,853,574
63$66,130,379$34,692,528$28,538,915$52,843,533
64$72,835,104$36,351,888$29,454,395$57,201,684
65$80,222,432$38,091,279$30,399,266$61,963,998
66$88,361,950$39,914,582$31,374,471$67,170,049
67$97,330,339$41,825,866$32,380,986$72,863,374
68$107,212,101$43,829,401$33,419,816$79,091,880
69$118,100,356$45,929,662$34,492,001$85,908,280
70$130,097,721$48,131,344$35,598,611$93,370,587
71$143,317,277$50,439,368$36,740,753$101,542,645
72$157,883,640$52,858,898$37,919,569$110,494,725
73$173,934,134$55,395,346$39,136,237$120,304,172
74$191,620,088$58,054,392$40,391,974$131,056,124
75$211,108,268$60,841,987$41,688,035$142,844,305
76$232,582,443$63,764,377$43,025,717$155,771,894
77$256,245,131$66,828,110$44,406,357$169,952,484
78$282,319,500$70,040,053$45,831,335$185,511,143
79$311,051,481$73,407,408$47,302,078$202,585,574
80$342,712,090$76,937,728$48,820,055$221,327,404
81$377,599,981$80,638,935$50,386,785$241,903,594
82$416,044,272$84,519,335$52,003,835$264,498,000
83$458,407,647$88,587,642$53,672,822$289,313,090
84$505,089,782$92,852,992$55,395,417$316,571,834
85$556,531,119$97,324,967$57,173,342$346,519,791
86$613,217,021$102,013,618$59,008,377$379,427,405
87$675,682,355$106,929,484$60,902,356$415,592,535
88$744,516,546$112,083,619$62,857,176$455,343,245
89$820,369,134$117,487,617$64,874,791$499,040,877
90$903,955,911$123,153,635$66,957,222$547,083,436
91$996,065,676$129,094,426$69,106,551$599,909,321
92$1,097,567,685$135,323,363$71,324,931$658,001,437
93$1,209,419,853$141,854,471$73,614,580$721,891,722
94$1,332,677,800$148,702,463$75,977,790$792,166,145
95$1,468,504,817$155,882,765$78,416,928$869,470,196
96$1,618,182,848$163,411,559$80,934,434$954,514,958
97$1,783,124,589$171,305,817$83,532,829$1,048,083,777
98$1,964,886,832$179,583,336$86,214,713$1,151,039,624
99$2,165,185,154$188,262,785$88,982,771$1,264,333,205
100$2,385,910,121$197,363,743$91,839,775$1,389,011,895