Can I retire at age 51 with 19,700,000?

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 $19,700,000?

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$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,555,795
2 years$805,350$790,351$775,815$761,721$748,050$732,829
3 years$531,567$516,503$502,004$488,042$474,594$459,733
4 years$394,702$379,685$365,330$351,607$338,484$324,099
5 years$312,605$297,677$283,511$270,068$257,310$243,442
6 years$257,891$243,076$229,119$215,975$203,601$190,267
7 years$218,825$204,135$190,399$177,565$165,582$152,789
8 years$189,539$174,981$161,474$148,955$137,366$125,113
9 years$166,773$152,353$139,077$126,877$115,682$103,965
10 years$148,571$134,291$121,251$109,369$98,567$87,378
11 years$133,688$119,552$106,747$95,184$84,771$74,102
12 years$121,294$107,303$94,735$83,489$73,461$63,301
13 years$110,815$96,971$84,640$73,708$64,059$54,397
14 years$101,841$88,144$76,049$65,430$56,154$46,976
15 years$94,071$80,521$68,662$58,352$49,442$40,736
16 years$87,278$73,876$62,253$52,248$43,697$35,448
17 years$81,291$68,037$56,647$46,944$38,745$30,937
18 years$75,975$62,870$51,712$42,306$34,450$27,070
19 years$71,225$58,267$47,339$38,227$30,706$23,737
20 years$66,954$54,144$43,446$34,622$27,427$20,854
21 years$63,095$50,433$39,962$31,422$24,544$18,351
22 years$59,592$47,078$36,831$28,570$22,001$16,171
23 years$56,398$44,031$34,007$26,019$19,749$14,268
24 years$53,475$41,254$31,451$23,731$17,751$12,602
25 years$50,790$38,715$29,130$21,672$15,973$11,141
26 years$48,315$36,386$27,016$19,816$14,388$9,858
27 years$46,027$34,243$25,087$18,138$12,972$8,729
28 years$43,907$32,267$23,322$16,618$11,705$7,735
29 years$41,936$30,440$21,703$15,239$10,569$6,857
30 years$40,101$28,748$20,215$13,986$9,550$6,082
31 years$38,387$27,176$18,846$12,845$8,634$5,397
32 years$36,783$25,714$17,584$11,805$7,810$4,791
33 years$35,280$24,352$16,418$10,856$7,068$4,255
34 years$33,868$23,080$15,340$9,988$6,399$3,780
35 years$32,540$21,891$14,342$9,195$5,796$3,358
36 years$31,288$20,778$13,416$8,468$5,252$2,985
37 years$30,107$19,734$12,558$7,802$4,760$2,653
38 years$28,991$18,754$11,760$7,191$4,315$2,359
39 years$27,934$17,834$11,017$6,631$3,913$2,098
40 years$26,933$16,967$10,327$6,116$3,549$1,866
41 years$25,983$16,151$9,683$5,643$3,220$1,660
42 years$25,081$15,382$9,083$5,208$2,922$1,477
43 years$24,223$14,656$8,523$4,807$2,652$1,314
44 years$23,406$13,970$8,001$4,439$2,407$1,169
45 years$22,628$13,322$7,512$4,099$2,185$1,040
46 years$21,886$12,708$7,056$3,787$1,984$926
47 years$21,178$12,128$6,629$3,498$1,802$824
48 years$20,501$11,577$6,229$3,233$1,636$733
49 years$19,854$11,056$5,855$2,987$1,486$653
50 years$19,234$10,561$5,505$2,761$1,350$581

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $19,700,000, adding $3,642 every year, while hoping to spend $26,210 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: 63/30/7 Blend
50$19,700,000$19,700,000$19,700,000$19,700,000
51$21,713,157$20,669,057$20,363,707$23,052,035
52$23,900,011$21,653,953$21,018,004$24,930,136
53$26,309,047$22,686,231$21,693,341$26,976,419
54$28,962,898$23,768,185$22,390,396$29,209,875
55$31,886,507$24,902,219$23,109,868$31,648,627
56$35,107,360$26,090,858$23,852,478$34,312,603
57$38,655,746$27,336,745$24,618,971$37,223,719
58$42,565,041$28,642,654$25,410,116$40,406,075
59$46,872,026$30,011,495$26,226,706$43,886,179
60$51,617,233$31,446,318$27,069,560$47,693,189
61$56,845,324$32,950,322$27,939,524$51,859,183
62$62,605,520$34,526,860$28,837,470$56,419,450
63$68,952,057$36,179,451$29,764,300$61,412,816
64$75,944,706$37,911,783$30,720,943$66,882,006
65$83,649,331$39,727,725$31,708,360$72,874,034
66$92,138,512$41,631,333$32,727,539$79,440,638
67$101,492,235$43,626,862$33,779,506$86,638,761
68$111,798,637$45,718,773$34,865,314$94,531,075
69$123,154,851$47,911,745$35,986,054$103,186,565
70$135,667,909$50,210,684$37,142,851$112,681,167
71$149,455,764$52,620,737$38,336,865$123,098,473
72$164,648,397$55,147,298$39,569,295$134,530,508
73$181,389,046$57,796,027$40,841,378$147,078,587
74$199,835,555$60,572,859$42,154,391$160,854,256
75$220,161,870$63,484,018$43,509,652$175,980,334
76$242,559,677$66,536,031$44,908,521$192,592,050
77$267,240,211$69,735,743$46,352,404$210,838,315
78$294,436,252$73,090,334$47,842,749$230,883,103
79$324,404,322$76,607,333$49,381,053$252,906,983
80$357,427,105$80,294,634$50,968,861$277,108,809
81$393,816,119$84,160,521$52,607,766$303,707,577
82$433,914,653$88,213,676$54,299,416$332,944,471
83$478,101,010$92,463,208$56,045,509$365,085,122
84$526,792,078$96,918,670$57,847,799$400,422,090
85$580,447,265$101,590,080$59,708,095$439,277,608
86$639,572,836$106,487,944$61,628,266$482,006,599
87$704,726,694$111,623,283$63,610,242$528,999,998
88$776,523,645$117,007,651$65,656,013$580,688,423
89$855,641,202$122,653,171$67,767,634$637,546,206
90$942,825,982$128,572,554$69,947,227$700,095,849
91$1,038,900,755$134,779,132$72,196,982$768,912,921
92$1,144,772,210$141,286,888$74,519,160$844,631,466
93$1,261,439,516$148,110,486$76,916,092$927,949,950
94$1,390,003,755$155,265,308$79,390,190$1,019,637,824
95$1,531,678,314$162,767,484$81,943,937$1,120,542,752
96$1,687,800,345$170,633,934$84,579,902$1,231,598,575
97$1,859,843,385$178,882,401$87,300,734$1,353,834,086
98$2,049,431,268$187,531,497$90,109,166$1,488,382,705
99$2,258,353,457$196,600,739$93,008,022$1,636,493,129
100$2,488,581,935$206,110,601$96,000,216$1,799,541,083