Can I retire at age 51 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,137,410
2 years$600,947$589,755$578,908$568,391$558,190$523,428
3 years$396,652$385,411$374,592$364,174$354,139$320,494
4 years$294,524$283,318$272,607$262,367$252,575$220,305
5 years$233,263$222,125$211,554$201,523$192,003$161,196
6 years$192,436$181,382$170,967$161,159$151,926$122,608
7 years$163,286$152,324$142,074$132,498$123,556$95,728
8 years$141,433$130,570$120,490$111,149$102,502$76,146
9 years$124,445$113,684$103,778$94,674$86,321$61,411
10 years$110,862$100,207$90,476$81,610$73,550$50,050
11 years$99,757$89,209$79,654$71,025$63,256$41,126
12 years$90,509$80,069$70,691$62,299$54,816$34,012
13 years$82,690$72,359$63,158$55,001$47,801$28,275
14 years$75,993$65,772$56,747$48,823$41,902$23,604
15 years$70,195$60,084$51,235$43,542$36,894$19,773
16 years$65,127$55,126$46,452$38,987$32,607$16,611
17 years$60,659$50,769$42,270$35,029$28,911$13,987
18 years$56,692$46,913$38,587$31,569$25,707$11,800
19 years$53,147$43,478$35,324$28,525$22,913$9,972
20 years$49,961$40,402$32,419$25,835$20,466$8,438
21 years$47,081$37,633$29,819$23,447$18,315$7,148
22 years$44,467$35,129$27,483$21,318$16,417$6,062
23 years$42,084$32,856$25,376$19,415$14,737$5,144
24 years$39,903$30,784$23,468$17,708$13,246$4,369
25 years$37,899$28,889$21,736$16,172$11,919$3,712
26 years$36,052$27,151$20,159$14,787$10,736$3,156
27 years$34,345$25,552$18,720$13,535$9,680$2,684
28 years$32,763$24,078$17,402$12,401$8,734$2,284
29 years$31,293$22,714$16,194$11,372$7,887$1,944
30 years$29,923$21,451$15,084$10,436$7,126$1,654
31 years$28,644$20,279$14,063$9,585$6,443$1,409
32 years$27,447$19,188$13,121$8,809$5,828$1,200
33 years$26,326$18,171$12,251$8,100$5,274$1,022
34 years$25,272$17,222$11,447$7,453$4,775$870
35 years$24,281$16,335$10,702$6,861$4,325$742
36 years$23,347$15,504$10,011$6,319$3,919$632
37 years$22,466$14,725$9,370$5,822$3,552$538
38 years$21,633$13,994$8,775$5,366$3,220$459
39 years$20,844$13,307$8,221$4,948$2,920$391
40 years$20,097$12,661$7,706$4,564$2,648$333
41 years$19,388$12,052$7,225$4,211$2,403$284
42 years$18,715$11,478$6,778$3,886$2,180$242
43 years$18,075$10,936$6,360$3,587$1,979$206
44 years$17,466$10,424$5,970$3,312$1,796$176
45 years$16,885$9,941$5,606$3,059$1,631$150
46 years$16,331$9,483$5,265$2,825$1,480$128
47 years$15,803$9,050$4,946$2,610$1,344$109
48 years$15,298$8,639$4,648$2,412$1,221$93
49 years$14,815$8,250$4,369$2,229$1,109$79
50 years$14,352$7,881$4,107$2,060$1,007$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $14,700,000, adding $2,139 every year, while hoping to spend $39,200 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: 69/21/10 Blend
50$14,700,000$14,700,000$14,700,000$14,700,000
51$16,201,606$15,422,506$15,194,656$17,286,984
52$17,812,462$16,136,501$15,661,969$18,721,118
53$19,586,311$16,884,167$16,143,623$20,284,510
54$21,539,737$17,667,114$16,640,056$21,993,752
55$23,691,014$18,487,027$17,151,723$23,863,157
56$26,060,281$19,345,674$17,679,088$25,908,476
57$28,669,724$20,244,907$18,222,633$28,147,037
58$31,543,797$21,186,669$18,782,852$30,597,913
59$34,709,443$22,172,994$19,360,256$33,282,092
60$38,196,353$23,206,017$19,955,371$36,222,675
61$42,037,243$24,287,974$20,568,739$39,445,089
62$46,268,168$25,421,210$21,200,917$42,977,321
63$50,928,855$26,608,184$21,852,482$46,850,183
64$56,063,084$27,851,471$22,524,026$51,097,591
65$61,719,099$29,153,773$23,216,161$55,756,888
66$67,950,060$30,517,921$23,929,516$60,869,185
67$74,814,552$31,946,885$24,664,740$66,479,749
68$82,377,130$33,443,776$25,422,502$72,638,423
69$90,708,932$35,011,856$26,203,492$79,400,088
70$99,888,353$36,654,547$27,008,418$86,825,180
71$110,001,779$38,375,433$27,838,014$94,980,252
72$121,144,405$40,178,274$28,693,032$103,938,596
73$133,421,137$42,067,012$29,574,251$113,780,926
74$146,947,575$44,045,778$30,482,470$124,596,138
75$161,851,110$46,118,904$31,418,516$136,482,136
76$178,272,125$48,290,932$32,383,238$149,546,752
77$196,365,318$50,566,624$33,377,513$163,908,757
78$216,301,164$52,950,971$34,402,243$179,698,969
79$238,267,523$55,449,210$35,458,358$197,061,483
80$262,471,416$58,066,826$36,546,819$216,155,021
81$289,140,974$60,809,575$37,668,612$237,154,421
82$318,527,599$63,683,489$38,824,755$260,252,275
83$350,908,327$66,694,894$40,016,298$285,660,742
84$386,588,454$69,850,421$41,244,321$313,613,533
85$425,904,409$73,157,024$42,509,939$344,368,110
86$469,226,936$76,621,995$43,814,298$378,208,104
87$516,964,589$80,252,979$45,158,583$415,445,978
88$569,567,592$84,057,990$46,544,011$456,425,967
89$627,532,089$88,045,434$47,971,838$501,527,308
90$691,404,826$92,224,124$49,443,358$551,167,813
91$761,788,313$96,603,301$50,959,905$605,807,791
92$839,346,512$101,192,653$52,522,853$665,954,383
93$924,811,104$106,002,341$54,133,616$732,166,330
94$1,018,988,398$111,043,018$55,793,654$805,059,231
95$1,122,766,944$116,325,855$57,504,471$885,311,336
96$1,237,125,916$121,862,565$59,267,614$973,669,933
97$1,363,144,360$127,665,431$61,084,680$1,070,958,377
98$1,502,011,381$133,747,334$62,957,313$1,178,083,847
99$1,655,037,366$140,121,778$64,887,207$1,296,045,886
100$1,823,666,358$146,802,925$66,876,109$1,425,945,816