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%11.3%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,562,316
2 years$805,350$790,351$775,815$761,721$748,050$739,383
3 years$531,567$516,503$502,004$488,042$474,594$466,117
4 years$394,702$379,685$365,330$351,607$338,484$330,263
5 years$312,605$297,677$283,511$270,068$257,310$249,369
6 years$257,891$243,076$229,119$215,975$203,601$195,950
7 years$218,825$204,135$190,399$177,565$165,582$158,226
8 years$189,539$174,981$161,474$148,955$137,366$130,304
9 years$166,773$152,353$139,077$126,877$115,682$108,913
10 years$148,571$134,291$121,251$109,369$98,567$92,088
11 years$133,688$119,552$106,747$95,184$84,771$78,577
12 years$121,294$107,303$94,735$83,489$73,461$67,547
13 years$110,815$96,971$84,640$73,708$64,059$58,420
14 years$101,841$88,144$76,049$65,430$56,154$50,782
15 years$94,071$80,521$68,662$58,352$49,442$44,332
16 years$87,278$73,876$62,253$52,248$43,697$38,841
17 years$81,291$68,037$56,647$46,944$38,745$34,135
18 years$75,975$62,870$51,712$42,306$34,450$30,079
19 years$71,225$58,267$47,339$38,227$30,706$26,565
20 years$66,954$54,144$43,446$34,622$27,427$23,509
21 years$63,095$50,433$39,962$31,422$24,544$20,841
22 years$59,592$47,078$36,831$28,570$22,001$18,503
23 years$56,398$44,031$34,007$26,019$19,749$16,449
24 years$53,475$41,254$31,451$23,731$17,751$14,641
25 years$50,790$38,715$29,130$21,672$15,973$13,045
26 years$48,315$36,386$27,016$19,816$14,388$11,633
27 years$46,027$34,243$25,087$18,138$12,972$10,382
28 years$43,907$32,267$23,322$16,618$11,705$9,273
29 years$41,936$30,440$21,703$15,239$10,569$8,287
30 years$40,101$28,748$20,215$13,986$9,550$7,411
31 years$38,387$27,176$18,846$12,845$8,634$6,630
32 years$36,783$25,714$17,584$11,805$7,810$5,934
33 years$35,280$24,352$16,418$10,856$7,068$5,314
34 years$33,868$23,080$15,340$9,988$6,399$4,760
35 years$32,540$21,891$14,342$9,195$5,796$4,265
36 years$31,288$20,778$13,416$8,468$5,252$3,822
37 years$30,107$19,734$12,558$7,802$4,760$3,427
38 years$28,991$18,754$11,760$7,191$4,315$3,073
39 years$27,934$17,834$11,017$6,631$3,913$2,756
40 years$26,933$16,967$10,327$6,116$3,549$2,472
41 years$25,983$16,151$9,683$5,643$3,220$2,218
42 years$25,081$15,382$9,083$5,208$2,922$1,990
43 years$24,223$14,656$8,523$4,807$2,652$1,786
44 years$23,406$13,970$8,001$4,439$2,407$1,603
45 years$22,628$13,322$7,512$4,099$2,185$1,439
46 years$21,886$12,708$7,056$3,787$1,984$1,292
47 years$21,178$12,128$6,629$3,498$1,802$1,160
48 years$20,501$11,577$6,229$3,233$1,636$1,041
49 years$19,854$11,056$5,855$2,987$1,486$935
50 years$19,234$10,561$5,505$2,761$1,350$840

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 $3,947 every year, while hoping to spend $22,292 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: 56/20/24 Blend
50$19,700,000$19,700,000$19,700,000$19,700,000
51$21,713,471$20,669,371$20,364,021$22,787,038
52$23,904,527$21,658,452$21,022,498$24,512,103
53$26,318,323$22,695,251$21,702,286$26,387,896
54$28,977,556$23,782,081$22,404,076$28,431,108
55$31,907,235$24,921,372$23,128,581$30,657,861
56$35,134,922$26,115,668$23,876,537$33,085,879
57$38,690,987$27,367,639$24,648,704$35,734,653
58$42,608,898$28,680,084$25,445,866$38,625,619
59$46,925,536$30,055,938$26,268,833$41,782,353
60$51,681,543$31,498,282$27,118,442$45,230,790
61$56,921,705$33,010,342$27,995,554$48,999,460
62$62,695,376$34,595,506$28,901,062$53,119,751
63$69,056,943$36,257,324$29,835,886$57,626,201
64$76,066,338$37,999,520$30,800,976$62,556,811
65$83,789,608$39,826,000$31,797,312$67,953,404
66$92,299,533$41,740,859$32,825,907$73,862,003
67$101,676,317$43,748,393$33,887,806$80,333,264
68$112,008,344$45,853,106$34,984,090$87,422,945
69$123,393,010$48,059,724$36,115,872$95,192,417
70$135,937,646$50,373,199$37,284,303$103,709,243
71$149,760,529$52,798,729$38,490,570$113,047,797
72$164,992,000$55,341,764$39,735,901$123,289,964
73$181,775,691$58,008,017$41,021,561$134,525,895
74$200,269,886$60,803,485$42,348,858$146,854,851
75$220,649,010$63,734,451$43,719,141$160,386,129
76$243,105,281$66,807,511$45,133,803$175,240,078
77$267,850,518$70,029,578$46,594,284$191,549,224
78$295,118,147$73,407,903$48,102,069$209,459,509
79$325,165,401$76,950,094$49,658,692$229,131,652
80$358,275,749$80,664,125$51,265,735$250,742,654
81$394,761,572$84,558,364$52,924,833$274,487,452
82$434,967,112$88,641,583$54,637,675$300,580,745
83$479,271,723$92,922,987$56,406,002$329,259,003
84$528,093,450$97,412,224$58,231,615$360,782,681
85$581,892,978$102,119,419$60,116,370$395,438,661
86$641,177,978$107,055,187$62,062,185$433,542,940
87$706,507,904$112,230,663$64,071,040$475,443,596
88$778,499,270$117,657,525$66,144,979$521,524,049
89$857,831,473$123,348,022$68,286,114$572,206,663
90$945,253,207$129,314,999$70,496,623$627,956,706
91$1,041,589,531$135,571,930$72,778,756$689,286,725
92$1,147,749,655$142,132,947$75,134,836$756,761,351
93$1,264,735,528$149,012,870$77,567,262$831,002,614
94$1,393,651,296$156,227,245$80,078,509$912,695,778
95$1,535,713,724$163,792,375$82,671,135$1,002,595,789
96$1,692,263,684$171,725,362$85,347,778$1,101,534,368
97$1,864,778,816$180,044,140$88,111,165$1,210,427,835
98$2,054,887,474$188,767,522$90,964,108$1,330,285,726
99$2,264,384,104$197,915,239$93,909,513$1,462,220,289
100$2,495,246,181$207,507,984$96,950,380$1,607,456,949