Can I retire at age 51 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,499,978
2 years$788,998$774,304$760,063$746,255$732,861$693,792
3 years$520,774$506,016$491,811$478,133$464,957$427,071
4 years$386,688$371,975$357,912$344,468$331,612$295,200
5 years$306,257$291,633$277,755$264,584$252,086$217,250
6 years$252,655$238,140$224,467$211,590$199,467$166,241
7 years$214,382$199,990$186,533$173,960$162,220$130,608
8 years$185,691$171,428$158,195$145,931$134,577$104,564
9 years$163,387$149,259$136,253$124,301$113,333$84,893
10 years$145,554$131,565$118,789$107,148$96,566$69,665
11 years$130,973$117,124$104,580$93,251$83,050$57,648
12 years$118,831$105,124$92,812$81,794$71,969$48,023
13 years$108,565$95,002$82,921$72,212$62,759$40,220
14 years$99,774$86,354$74,505$64,101$55,014$33,832
15 years$92,161$78,886$67,268$57,167$48,438$28,561
16 years$85,506$72,376$60,988$51,187$42,810$24,183
17 years$79,641$66,656$55,497$45,991$37,958$20,526
18 years$74,433$61,593$50,662$41,447$33,751$17,459
19 years$69,778$57,084$46,378$37,451$30,083$14,876
20 years$65,595$53,045$42,564$33,919$26,871$12,694
21 years$61,814$49,409$39,150$30,784$24,046$10,845
22 years$58,382$46,122$36,083$27,990$21,554$9,275
23 years$55,253$43,137$33,316$25,491$19,348$7,940
24 years$52,389$40,416$30,812$23,249$17,390$6,802
25 years$49,758$37,929$28,538$21,232$15,649$5,831
26 years$47,334$35,647$26,468$19,414$14,096$5,001
27 years$45,093$33,548$24,578$17,770$12,709$4,292
28 years$43,015$31,612$22,848$16,281$11,467$3,684
29 years$41,085$29,822$21,262$14,930$10,355$3,164
30 years$39,286$28,164$19,805$13,702$9,356$2,718
31 years$37,607$26,624$18,463$12,584$8,459$2,335
32 years$36,036$25,192$17,227$11,565$7,652$2,007
33 years$34,563$23,857$16,085$10,635$6,925$1,725
34 years$33,180$22,611$15,029$9,785$6,269$1,483
35 years$31,879$21,446$14,051$9,008$5,678$1,275
36 years$30,653$20,356$13,144$8,296$5,145$1,097
37 years$29,496$19,333$12,303$7,644$4,663$943
38 years$28,402$18,374$11,521$7,045$4,228$811
39 years$27,367$17,471$10,794$6,496$3,834$698
40 years$26,386$16,623$10,117$5,992$3,477$600
41 years$25,456$15,823$9,487$5,528$3,155$517
42 years$24,572$15,070$8,899$5,102$2,863$444
43 years$23,731$14,358$8,350$4,710$2,598$382
44 years$22,931$13,686$7,838$4,349$2,358$329
45 years$22,169$13,051$7,360$4,016$2,141$283
46 years$21,442$12,450$6,912$3,710$1,944$244
47 years$20,748$11,881$6,494$3,427$1,765$210
48 years$20,085$11,342$6,103$3,167$1,603$180
49 years$19,450$10,831$5,736$2,927$1,456$155
50 years$18,844$10,347$5,393$2,705$1,322$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $19,300,000, adding $4,791 every year, while hoping to spend $59,469 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$19,300,000$19,300,000$19,300,000$19,300,000
51$21,273,542$20,250,642$19,951,492$22,180,835
52$23,380,169$21,179,649$20,556,592$23,742,945
53$25,699,678$22,152,184$21,179,970$25,433,491
54$28,253,722$23,170,317$21,822,176$27,269,808
55$31,066,157$24,236,218$22,483,774$29,265,741
56$34,163,273$25,352,161$23,165,349$31,436,504
57$37,574,039$26,520,529$23,867,500$33,798,820
58$41,330,375$27,743,819$24,590,846$36,371,074
59$45,467,457$29,024,650$25,336,022$39,173,476
60$50,024,044$30,365,765$26,103,686$42,228,251
61$55,042,850$31,770,040$26,894,512$45,559,838
62$60,570,938$33,240,490$27,709,196$49,195,117
63$66,660,174$34,780,274$28,548,454$53,163,653
64$73,367,708$36,392,703$29,413,024$57,497,969
65$80,756,518$38,081,250$30,303,665$62,233,843
66$88,896,005$39,849,553$31,221,159$67,410,641
67$97,862,642$41,701,426$32,166,313$73,071,678
68$107,740,703$43,640,867$33,139,955$79,264,617
69$118,623,051$45,672,067$34,142,941$86,041,912
70$130,612,023$47,799,418$35,176,150$93,461,293
71$143,820,386$50,027,527$36,240,488$101,586,297
72$158,372,410$52,361,220$37,336,888$110,486,863
73$174,405,034$54,805,557$38,466,312$120,239,977
74$192,069,162$57,365,845$39,629,748$130,930,390
75$211,531,088$60,047,643$40,828,217$142,651,403
76$232,974,064$62,856,782$42,062,766$155,505,738
77$256,600,027$65,799,372$43,334,477$169,606,491
78$282,631,510$68,881,822$44,644,463$185,078,192
79$311,313,741$72,110,848$45,993,869$202,057,958
80$342,916,954$75,493,491$47,383,875$220,696,781
81$377,738,945$79,037,134$48,815,697$241,160,930
82$416,107,880$82,749,516$50,290,585$263,633,510
83$458,385,392$86,638,751$51,809,828$288,316,170
84$504,969,998$90,713,346$53,374,753$315,430,991
85$556,300,856$94,982,218$54,986,726$345,222,563
86$612,861,915$99,454,719$56,647,153$377,960,273
87$675,186,481$104,140,650$58,357,483$413,940,831
88$743,862,251$109,050,291$60,119,208$453,491,046
89$819,536,863$114,194,417$61,933,863$496,970,893
90$902,924,005$119,584,326$63,803,030$544,776,885
91$994,810,160$125,231,864$65,728,338$597,345,792
92$1,096,062,021$131,149,450$67,711,462$655,158,742
93$1,207,634,680$137,350,106$69,754,129$718,745,732
94$1,330,580,642$143,847,486$71,858,117$788,690,608
95$1,466,059,760$150,655,905$74,025,256$865,636,545
96$1,615,350,184$157,790,374$76,257,431$950,292,091
97$1,779,860,430$165,266,629$78,556,582$1,043,437,821
98$1,961,142,674$173,101,174$80,924,708$1,145,933,677
99$2,160,907,406$181,311,311$83,363,864$1,258,727,047
100$2,381,039,578$189,915,181$85,876,170$1,382,861,678