Can I retire at age 51 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,516,308
2 years$784,910$770,292$756,124$742,388$729,064$714,229
3 years$518,075$503,394$489,263$475,655$462,548$448,065
4 years$384,684$370,048$356,058$342,683$329,893$315,873
5 years$304,671$290,122$276,316$263,213$250,780$237,263
6 years$251,346$236,907$223,304$210,494$198,433$185,438
7 years$213,271$198,954$185,567$173,059$161,380$148,911
8 years$184,728$170,540$157,375$145,175$133,880$121,938
9 years$162,540$148,486$135,547$123,656$112,746$101,326
10 years$144,800$130,883$118,173$106,593$96,065$85,161
11 years$130,295$116,517$104,038$92,768$82,619$72,221
12 years$118,216$104,580$92,331$81,370$71,596$61,694
13 years$108,003$94,510$82,492$71,837$62,433$53,016
14 years$99,257$85,907$74,119$63,769$54,729$45,784
15 years$91,683$78,477$66,919$56,871$48,187$39,702
16 years$85,063$72,001$60,672$50,922$42,588$34,548
17 years$79,228$66,311$55,209$45,753$37,762$30,152
18 years$74,047$61,274$50,399$41,233$33,576$26,383
19 years$69,417$56,788$46,138$37,257$29,927$23,134
20 years$65,255$52,770$42,343$33,743$26,731$20,324
21 years$61,494$49,153$38,947$30,624$23,921$17,885
22 years$58,080$45,883$35,896$27,845$21,442$15,760
23 years$54,967$42,913$33,144$25,359$19,248$13,906
24 years$52,118$40,207$30,652$23,128$17,300$12,282
25 years$49,501$37,732$28,390$21,122$15,568$10,859
26 years$47,089$35,462$26,330$19,313$14,023$9,608
27 years$44,859$33,374$24,450$17,678$12,643$8,508
28 years$42,793$31,448$22,730$16,197$11,408$7,538
29 years$40,872$29,668$21,152$14,853$10,301$6,683
30 years$39,083$28,018$19,702$13,631$9,308$5,928
31 years$37,412$26,486$18,368$12,519$8,415$5,260
32 years$35,850$25,062$17,137$11,505$7,612$4,670
33 years$34,384$23,734$16,001$10,580$6,889$4,147
34 years$33,008$22,494$14,951$9,735$6,237$3,684
35 years$31,714$21,335$13,978$8,961$5,649$3,273
36 years$30,494$20,250$13,076$8,253$5,118$2,909
37 years$29,343$19,233$12,239$7,604$4,639$2,586
38 years$28,255$18,278$11,461$7,009$4,206$2,299
39 years$27,225$17,381$10,738$6,463$3,814$2,045
40 years$26,249$16,537$10,065$5,961$3,459$1,819
41 years$25,324$15,741$9,437$5,500$3,138$1,618
42 years$24,444$14,991$8,853$5,075$2,848$1,439
43 years$23,608$14,284$8,307$4,685$2,584$1,280
44 years$22,812$13,615$7,798$4,326$2,346$1,139
45 years$22,054$12,984$7,322$3,995$2,130$1,014
46 years$21,331$12,386$6,877$3,690$1,934$902
47 years$20,640$11,820$6,460$3,410$1,756$803
48 years$19,980$11,284$6,071$3,151$1,595$715
49 years$19,350$10,775$5,706$2,912$1,448$636
50 years$18,746$10,293$5,365$2,691$1,315$566

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $19,200,000, adding $3,143 every year, while hoping to spend $40,765 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: 56/15/29 Blend
50$19,200,000$19,200,000$19,200,000$19,200,000
51$21,161,642$20,144,042$19,846,442$22,176,973
52$23,276,756$21,087,726$20,467,924$23,820,467
53$25,606,245$22,076,285$21,108,860$25,605,790
54$28,171,933$23,111,874$21,769,857$27,550,293
55$30,997,867$24,196,753$22,451,545$29,669,359
56$34,110,547$25,333,291$23,154,569$31,979,908
57$37,539,174$26,523,973$23,879,598$34,500,553
58$41,315,925$27,771,403$24,627,320$37,251,767
59$45,476,259$29,078,312$25,398,445$40,256,074
60$50,059,249$30,447,561$26,193,705$43,538,258
61$55,107,954$31,882,153$27,013,855$47,125,589
62$60,669,820$33,385,234$27,859,674$51,048,076
63$66,797,134$34,960,102$28,731,965$55,338,746
64$73,547,512$36,610,217$29,631,556$60,033,948
65$80,984,446$38,339,205$30,559,301$65,173,692
66$89,177,902$40,150,870$31,516,081$70,802,016
67$98,204,982$42,049,196$32,502,803$76,967,401
68$108,150,649$44,038,365$33,520,406$83,723,219
69$119,108,529$46,122,759$34,569,854$91,128,227
70$131,181,799$48,306,974$35,652,143$99,247,120
71$144,484,154$50,595,828$36,768,302$108,151,127
72$159,140,887$52,994,372$37,919,389$117,918,681
73$175,290,066$55,507,905$39,106,497$128,636,149
74$193,083,840$58,141,980$40,330,752$140,398,637
75$212,689,877$60,902,422$41,593,317$153,310,880
76$234,292,940$63,795,337$42,895,390$167,488,221
77$258,096,641$66,827,129$44,238,206$183,057,688
78$284,325,352$70,004,512$45,623,039$200,159,187
79$313,226,331$73,334,526$47,051,205$218,946,807
80$345,072,054$76,824,555$48,524,057$239,590,266
81$380,162,785$80,482,340$50,042,994$262,276,500
82$418,829,412$84,315,997$51,609,458$287,211,416
83$461,436,571$88,334,040$53,224,933$314,621,824
84$508,386,086$92,545,393$54,890,953$344,757,562
85$560,120,766$96,959,416$56,609,099$377,893,841
86$617,128,581$101,585,924$58,381,001$414,333,833
87$679,947,271$106,435,210$60,208,340$454,411,510
88$749,169,423$111,518,065$62,092,849$498,494,787
89$825,448,061$116,845,807$64,036,316$546,988,976
90$909,502,816$122,430,304$66,040,586$600,340,596
91$1,002,126,716$128,284,002$68,107,558$659,041,569
92$1,104,193,674$134,419,951$70,239,194$723,633,845
93$1,216,666,738$140,851,838$72,437,517$794,714,500
94$1,340,607,181$147,594,015$74,704,610$872,941,351
95$1,477,184,524$154,661,531$77,042,624$959,039,146
96$1,627,687,571$162,070,172$79,453,778$1,053,806,379
97$1,793,536,581$169,836,488$81,940,357$1,158,122,812
98$1,976,296,674$177,977,838$84,504,721$1,272,957,749
99$2,177,692,606$186,512,423$87,149,300$1,399,379,166
100$2,399,625,054$195,459,334$89,876,604$1,538,563,764