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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,508,578
2 years$805,350$790,351$775,815$761,721$748,050$686,029
3 years$531,567$516,503$502,004$488,042$474,594$414,832
4 years$394,702$379,685$365,330$351,607$338,484$281,436
5 years$312,605$297,677$283,511$270,068$257,310$203,121
6 years$257,891$243,076$229,119$215,975$203,601$152,305
7 years$218,825$204,135$190,399$177,565$165,582$117,162
8 years$189,539$174,981$161,474$148,955$137,366$91,772
9 years$166,773$152,353$139,077$126,877$115,682$72,844
10 years$148,571$134,291$121,251$109,369$98,567$58,402
11 years$133,688$119,552$106,747$95,184$84,771$47,186
12 years$121,294$107,303$94,735$83,489$73,461$38,354
13 years$110,815$96,971$84,640$73,708$64,059$31,324
14 years$101,841$88,144$76,049$65,430$56,154$25,680
15 years$94,071$80,521$68,662$58,352$49,442$21,118
16 years$87,278$73,876$62,253$52,248$43,697$17,410
17 years$81,291$68,037$56,647$46,944$38,745$14,382
18 years$75,975$62,870$51,712$42,306$34,450$11,900
19 years$71,225$58,267$47,339$38,227$30,706$9,860
20 years$66,954$54,144$43,446$34,622$27,427$8,179
21 years$63,095$50,433$39,962$31,422$24,544$6,791
22 years$59,592$47,078$36,831$28,570$22,001$5,643
23 years$56,398$44,031$34,007$26,019$19,749$4,692
24 years$53,475$41,254$31,451$23,731$17,751$3,903
25 years$50,790$38,715$29,130$21,672$15,973$3,248
26 years$48,315$36,386$27,016$19,816$14,388$2,704
27 years$46,027$34,243$25,087$18,138$12,972$2,252
28 years$43,907$32,267$23,322$16,618$11,705$1,876
29 years$41,936$30,440$21,703$15,239$10,569$1,563
30 years$40,101$28,748$20,215$13,986$9,550$1,302
31 years$38,387$27,176$18,846$12,845$8,634$1,085
32 years$36,783$25,714$17,584$11,805$7,810$905
33 years$35,280$24,352$16,418$10,856$7,068$754
34 years$33,868$23,080$15,340$9,988$6,399$629
35 years$32,540$21,891$14,342$9,195$5,796$524
36 years$31,288$20,778$13,416$8,468$5,252$437
37 years$30,107$19,734$12,558$7,802$4,760$364
38 years$28,991$18,754$11,760$7,191$4,315$304
39 years$27,934$17,834$11,017$6,631$3,913$253
40 years$26,933$16,967$10,327$6,116$3,549$211
41 years$25,983$16,151$9,683$5,643$3,220$176
42 years$25,081$15,382$9,083$5,208$2,922$147
43 years$24,223$14,656$8,523$4,807$2,652$123
44 years$23,406$13,970$8,001$4,439$2,407$102
45 years$22,628$13,322$7,512$4,099$2,185$85
46 years$21,886$12,708$7,056$3,787$1,984$71
47 years$21,178$12,128$6,629$3,498$1,802$59
48 years$20,501$11,577$6,229$3,233$1,636$49
49 years$19,854$11,056$5,855$2,987$1,486$41
50 years$19,234$10,561$5,505$2,761$1,350$34

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 $5,355 every year, while hoping to spend $49,829 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: 27/44/29 Blend
50$19,700,000$19,700,000$19,700,000$19,700,000
51$21,714,924$20,670,824$20,365,474$22,105,397
52$23,876,828$21,630,676$20,994,699$23,383,711
53$26,257,577$22,635,892$21,643,334$24,750,550
54$28,879,439$23,688,640$22,311,975$26,217,069
55$31,766,955$24,791,196$23,001,239$27,791,803
56$34,947,164$25,945,945$23,711,761$29,484,090
57$38,449,864$27,155,385$24,444,194$31,304,145
58$42,307,889$28,422,138$25,199,213$33,263,149
59$46,557,421$29,748,950$25,977,514$35,373,345
60$51,238,330$31,138,701$26,779,813$37,648,140
61$56,394,552$32,594,409$27,606,849$40,102,219
62$62,074,501$34,119,239$28,459,383$42,751,679
63$68,331,527$35,716,509$29,338,199$45,614,159
64$75,224,420$37,389,696$30,244,106$48,708,998
65$82,817,966$39,142,446$31,177,939$52,057,407
66$91,183,554$40,978,581$32,140,555$55,682,649
67$100,399,854$42,902,109$33,132,841$59,610,244
68$110,553,557$44,917,230$34,155,709$63,868,202
69$121,740,194$47,028,349$35,210,100$68,487,261
70$134,065,040$49,240,084$36,296,984$73,501,165
71$147,644,100$51,557,275$37,417,360$78,946,967
72$162,605,215$53,984,997$38,572,258$84,865,353
73$179,089,258$56,528,573$39,762,739$91,301,016
74$197,251,470$59,193,581$40,989,899$98,303,048
75$217,262,923$61,985,870$42,254,864$105,925,388
76$239,312,137$64,911,573$43,558,797$114,227,308
77$263,606,855$67,977,120$44,902,897$123,273,945
78$290,376,007$71,189,252$46,288,397$133,136,899
79$319,871,873$74,555,039$47,716,571$143,894,877
80$352,372,459$78,081,890$49,188,731$155,634,410
81$388,184,124$81,777,578$50,706,229$168,450,645
82$427,644,475$85,650,249$52,270,457$182,448,212
83$471,125,546$89,708,446$53,882,852$197,742,180
84$519,037,319$93,961,127$55,544,895$214,459,112
85$571,831,587$98,417,683$57,258,110$232,738,228
86$630,006,223$103,087,964$59,024,071$252,732,682
87$694,109,878$107,982,294$60,844,398$274,610,972
88$764,747,161$113,111,502$62,720,760$298,558,491
89$842,584,346$118,486,940$64,654,880$324,779,239
90$928,355,662$124,120,514$66,648,532$353,497,706
91$1,022,870,226$130,024,705$68,703,545$384,960,945
92$1,127,019,678$136,212,604$70,821,802$419,440,862
93$1,241,786,599$142,697,936$73,005,246$457,236,732
94$1,368,253,790$149,495,093$75,255,880$498,677,975
95$1,507,614,491$156,619,166$77,575,766$544,127,211
96$1,661,183,645$164,085,982$79,967,031$593,983,632
97$1,830,410,317$171,912,135$82,431,866$648,686,707
98$2,016,891,366$180,115,027$84,972,530$708,720,277
99$2,222,386,527$188,712,904$87,591,352$774,617,053
100$2,448,835,020$197,724,904$90,290,729$846,963,582