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

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,486,178
2 years$788,998$774,304$760,063$746,255$732,861$680,173
3 years$520,774$506,016$491,811$478,133$464,957$414,067
4 years$386,688$371,975$357,912$344,468$331,612$282,907
5 years$306,257$291,633$277,755$264,584$252,086$205,697
6 years$252,655$238,140$224,467$211,590$199,467$155,430
7 years$214,382$199,990$186,533$173,960$162,220$120,527
8 years$185,691$171,428$158,195$145,931$134,577$95,196
9 years$163,387$149,259$136,253$124,301$113,333$76,214
10 years$145,554$131,565$118,789$107,148$96,566$61,648
11 years$130,973$117,124$104,580$93,251$83,050$50,264
12 years$118,831$105,124$92,812$81,794$71,969$41,240
13 years$108,565$95,002$82,921$72,212$62,759$34,005
14 years$99,774$86,354$74,505$64,101$55,014$28,153
15 years$92,161$78,886$67,268$57,167$48,438$23,384
16 years$85,506$72,376$60,988$51,187$42,810$19,475
17 years$79,641$66,656$55,497$45,991$37,958$16,255
18 years$74,433$61,593$50,662$41,447$33,751$13,591
19 years$69,778$57,084$46,378$37,451$30,083$11,382
20 years$65,595$53,045$42,564$33,919$26,871$9,543
21 years$61,814$49,409$39,150$30,784$24,046$8,010
22 years$58,382$46,122$36,083$27,990$21,554$6,729
23 years$55,253$43,137$33,316$25,491$19,348$5,657
24 years$52,389$40,416$30,812$23,249$17,390$4,758
25 years$49,758$37,929$28,538$21,232$15,649$4,005
26 years$47,334$35,647$26,468$19,414$14,096$3,372
27 years$45,093$33,548$24,578$17,770$12,709$2,840
28 years$43,015$31,612$22,848$16,281$11,467$2,393
29 years$41,085$29,822$21,262$14,930$10,355$2,016
30 years$39,286$28,164$19,805$13,702$9,356$1,700
31 years$37,607$26,624$18,463$12,584$8,459$1,433
32 years$36,036$25,192$17,227$11,565$7,652$1,208
33 years$34,563$23,857$16,085$10,635$6,925$1,019
34 years$33,180$22,611$15,029$9,785$6,269$859
35 years$31,879$21,446$14,051$9,008$5,678$725
36 years$30,653$20,356$13,144$8,296$5,145$611
37 years$29,496$19,333$12,303$7,644$4,663$516
38 years$28,402$18,374$11,521$7,045$4,228$435
39 years$27,367$17,471$10,794$6,496$3,834$367
40 years$26,386$16,623$10,117$5,992$3,477$310
41 years$25,456$15,823$9,487$5,528$3,155$261
42 years$24,572$15,070$8,899$5,102$2,863$221
43 years$23,731$14,358$8,350$4,710$2,598$186
44 years$22,931$13,686$7,838$4,349$2,358$157
45 years$22,169$13,051$7,360$4,016$2,141$132
46 years$21,442$12,450$6,912$3,710$1,944$112
47 years$20,748$11,881$6,494$3,427$1,765$94
48 years$20,085$11,342$6,103$3,167$1,603$80
49 years$19,450$10,831$5,736$2,927$1,456$67
50 years$18,844$10,347$5,393$2,705$1,322$57

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 $3,967 every year, while hoping to spend $50,376 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: 65/7/28 Blend
50$19,300,000$19,300,000$19,300,000$19,300,000
51$21,272,692$20,249,792$19,950,642$22,497,565
52$23,388,907$21,188,432$20,565,389$24,264,793
53$25,719,287$22,171,377$21,199,041$26,189,722
54$28,285,625$23,200,745$21,852,179$28,292,719
55$31,111,933$24,278,755$22,525,401$30,591,321
56$34,224,671$25,407,735$23,219,323$33,104,830
57$37,652,997$26,590,124$23,934,580$35,854,495
58$41,429,040$27,828,478$24,671,826$38,863,707
59$45,588,206$29,125,478$25,431,737$42,158,221
60$50,169,510$30,483,932$26,215,007$45,766,388
61$55,215,943$31,906,788$27,022,352$49,719,429
62$60,774,879$33,397,131$27,854,511$54,051,718
63$66,898,525$34,958,199$28,712,246$58,801,108
64$73,644,408$36,593,384$29,596,339$64,009,283
65$81,075,922$38,306,243$30,507,600$69,722,146
66$89,262,923$40,100,506$31,446,862$75,990,250
67$98,282,391$41,980,082$32,414,982$82,869,274
68$108,219,157$43,949,068$33,412,846$90,420,537
69$119,166,700$46,011,761$34,441,366$98,711,578
70$131,228,032$48,172,665$35,501,480$107,816,787
71$144,516,669$50,436,504$36,594,157$117,818,103
72$159,157,703$52,808,226$37,720,395$128,805,784
73$175,288,984$55,293,024$38,881,223$140,879,247
74$193,062,416$57,896,339$40,077,700$154,148,011
75$212,645,398$60,623,875$41,310,919$168,732,717
76$234,222,399$63,481,615$42,582,005$184,766,266
77$257,996,700$66,475,830$43,892,118$202,395,065
78$284,192,314$69,613,096$45,242,454$221,780,402
79$313,056,098$72,900,306$46,634,245$243,099,967
80$344,860,088$76,344,689$48,068,760$266,549,514
81$379,904,061$79,953,823$49,547,307$292,344,711
82$418,518,369$83,735,654$51,071,236$320,723,163
83$461,067,055$87,698,514$52,641,935$351,946,647
84$507,951,292$91,851,138$54,260,837$386,303,580
85$559,613,166$96,202,685$55,929,417$424,111,728
86$616,539,852$100,762,760$57,649,196$465,721,201
87$679,268,214$105,541,433$59,421,741$511,517,747
88$748,389,869$110,549,261$61,248,667$561,926,385
89$824,556,777$115,797,316$63,131,639$617,415,408
90$908,487,391$121,297,206$65,072,371$678,500,794
91$1,000,973,440$127,061,105$67,072,631$745,751,063
92$1,102,887,407$133,101,775$69,134,240$819,792,640
93$1,215,190,761$139,432,600$71,259,075$901,315,752
94$1,338,943,035$146,067,615$73,449,071$991,080,932
95$1,475,311,830$153,021,533$75,706,220$1,089,926,192
96$1,625,583,836$160,309,787$78,032,577$1,198,774,914
97$1,791,176,977$167,948,556$80,430,259$1,318,644,559
98$1,973,653,801$175,954,809$82,901,445$1,450,656,259
99$2,174,736,230$184,346,336$85,448,385$1,596,045,383
100$2,396,321,814$193,141,794$88,073,394$1,756,173,186