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%17.7%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,521,839
2 years$805,350$790,351$775,815$761,721$748,050$699,053
3 years$531,567$516,503$502,004$488,042$474,594$427,203
4 years$394,702$379,685$365,330$351,607$338,484$293,064
5 years$312,605$297,677$283,511$270,068$257,310$213,982
6 years$257,891$243,076$229,119$215,975$203,601$162,402
7 years$218,825$204,135$190,399$177,565$165,582$126,509
8 years$189,539$174,981$161,474$148,955$137,366$100,394
9 years$166,773$152,353$139,077$126,877$115,682$80,769
10 years$148,571$134,291$121,251$109,369$98,567$65,662
11 years$133,688$119,552$106,747$95,184$84,771$53,815
12 years$121,294$107,303$94,735$83,489$73,461$44,389
13 years$110,815$96,971$84,640$73,708$64,059$36,801
14 years$101,841$88,144$76,049$65,430$56,154$30,638
15 years$94,071$80,521$68,662$58,352$49,442$25,593
16 years$87,278$73,876$62,253$52,248$43,697$21,438
17 years$81,291$68,037$56,647$46,944$38,745$17,998
18 years$75,975$62,870$51,712$42,306$34,450$15,140
19 years$71,225$58,267$47,339$38,227$30,706$12,755
20 years$66,954$54,144$43,446$34,622$27,427$10,760
21 years$63,095$50,433$39,962$31,422$24,544$9,088
22 years$59,592$47,078$36,831$28,570$22,001$7,682
23 years$56,398$44,031$34,007$26,019$19,749$6,499
24 years$53,475$41,254$31,451$23,731$17,751$5,502
25 years$50,790$38,715$29,130$21,672$15,973$4,660
26 years$48,315$36,386$27,016$19,816$14,388$3,949
27 years$46,027$34,243$25,087$18,138$12,972$3,348
28 years$43,907$32,267$23,322$16,618$11,705$2,839
29 years$41,936$30,440$21,703$15,239$10,569$2,408
30 years$40,101$28,748$20,215$13,986$9,550$2,043
31 years$38,387$27,176$18,846$12,845$8,634$1,734
32 years$36,783$25,714$17,584$11,805$7,810$1,472
33 years$35,280$24,352$16,418$10,856$7,068$1,249
34 years$33,868$23,080$15,340$9,988$6,399$1,061
35 years$32,540$21,891$14,342$9,195$5,796$901
36 years$31,288$20,778$13,416$8,468$5,252$765
37 years$30,107$19,734$12,558$7,802$4,760$650
38 years$28,991$18,754$11,760$7,191$4,315$552
39 years$27,934$17,834$11,017$6,631$3,913$469
40 years$26,933$16,967$10,327$6,116$3,549$398
41 years$25,983$16,151$9,683$5,643$3,220$338
42 years$25,081$15,382$9,083$5,208$2,922$287
43 years$24,223$14,656$8,523$4,807$2,652$244
44 years$23,406$13,970$8,001$4,439$2,407$207
45 years$22,628$13,322$7,512$4,099$2,185$176
46 years$21,886$12,708$7,056$3,787$1,984$150
47 years$21,178$12,128$6,629$3,498$1,802$127
48 years$20,501$11,577$6,229$3,233$1,636$108
49 years$19,854$11,056$5,855$2,987$1,486$92
50 years$19,234$10,561$5,505$2,761$1,350$78

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 $2,902 every year, while hoping to spend $56,852 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: 32/38/30 Blend
50$19,700,000$19,700,000$19,700,000$19,700,000
51$21,712,393$20,668,293$20,362,943$22,208,801
52$23,866,567$21,620,550$20,984,612$23,544,677
53$26,238,562$22,617,561$21,625,201$24,977,298
54$28,850,534$23,661,461$22,285,284$26,519,282
55$31,726,900$24,754,484$22,965,453$28,180,315
56$34,894,564$25,898,974$23,666,316$29,971,008
57$38,383,173$27,097,387$24,388,501$31,902,988
58$42,225,395$28,352,297$25,132,654$33,989,003
59$46,457,229$29,666,403$25,899,441$36,243,028
60$51,118,342$31,042,532$26,689,548$38,680,394
61$56,252,446$32,483,650$27,503,681$41,317,914
62$61,907,710$33,992,864$28,342,569$44,174,041
63$68,137,213$35,573,430$29,206,962$47,269,023
64$74,999,445$37,228,765$30,097,631$50,625,086
65$82,558,861$38,962,446$31,015,374$54,266,634
66$90,886,484$40,778,226$31,961,009$58,220,462
67$100,060,584$42,680,037$32,935,381$62,516,001
68$110,167,409$44,672,004$33,939,361$67,185,579
69$121,301,999$46,758,447$34,973,844$72,264,713
70$133,569,089$48,943,897$36,039,755$77,792,427
71$147,084,093$51,233,105$37,138,043$83,811,610
72$161,974,192$53,631,048$38,269,689$90,369,401
73$178,379,538$56,142,948$39,435,702$97,517,615
74$196,454,575$58,774,277$40,637,122$105,313,221
75$216,369,496$61,530,771$41,875,020$113,818,853
76$238,311,850$64,418,444$43,150,499$123,103,390
77$262,488,314$67,443,602$44,464,695$133,242,579
78$289,126,639$70,612,856$45,818,779$144,319,733
79$318,477,805$73,933,135$47,213,958$156,426,495
80$350,818,389$77,411,706$48,651,473$169,663,678
81$386,453,171$81,056,186$50,132,604$184,142,193
82$425,718,017$84,874,562$51,658,669$199,984,073
83$468,983,046$88,875,207$53,231,025$217,323,596
84$516,656,125$93,066,900$54,851,072$236,308,524
85$569,186,716$97,458,845$56,520,250$257,101,473
86$627,070,126$102,060,693$58,240,043$279,881,414
87$690,852,174$106,882,562$60,011,980$304,845,333
88$761,134,349$111,935,061$61,837,635$332,210,056
89$838,579,487$117,229,313$63,718,629$362,214,264
90$923,918,025$122,776,980$65,656,634$395,120,703
91$1,017,954,903$128,590,291$67,653,371$431,218,638
92$1,121,577,155$134,682,068$69,710,611$470,826,532
93$1,235,762,289$141,065,753$71,830,180$514,295,018
94$1,361,587,511$147,755,443$74,013,959$562,010,166
95$1,500,239,895$154,765,918$76,263,886$614,397,078
96$1,653,027,593$162,112,676$78,581,954$671,923,857
97$1,821,392,177$169,811,967$80,970,219$735,105,974
98$2,006,922,255$177,880,830$83,430,797$804,511,085
99$2,211,368,466$186,337,131$85,965,870$880,764,333
100$2,436,660,004$195,199,606$88,577,682$964,554,195