Can I retire at age 51 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,165,909
2 years$605,035$593,767$582,846$572,257$561,987$547,632
3 years$399,350$388,033$377,140$366,651$356,548$342,548
4 years$296,528$285,245$274,461$264,151$254,293$240,755
5 years$234,850$223,636$212,993$202,894$193,309$180,274
6 years$193,746$182,615$172,130$162,256$152,959$140,442
7 years$164,396$153,360$143,041$133,399$124,397$112,402
8 years$142,395$131,458$121,310$111,905$103,199$91,726
9 years$125,291$114,458$104,484$95,319$86,909$75,953
10 years$111,617$100,889$91,092$82,165$74,050$63,605
11 years$100,435$89,816$80,196$71,509$63,686$53,740
12 years$91,125$80,614$71,172$62,723$55,189$45,733
13 years$83,252$72,851$63,587$55,375$48,126$39,147
14 years$76,510$66,220$57,133$49,155$42,187$33,673
15 years$70,673$60,493$51,584$43,838$37,144$29,081
16 years$65,570$55,501$46,768$39,252$32,828$25,202
17 years$61,072$51,114$42,557$35,268$29,108$21,903
18 years$57,078$47,232$38,849$31,783$25,881$19,083
19 years$53,509$43,774$35,565$28,719$23,069$16,661
20 years$50,301$40,677$32,639$26,011$20,605$14,573
21 years$47,402$37,889$30,022$23,606$18,439$12,766
22 years$44,770$35,368$27,670$21,463$16,528$11,199
23 years$42,370$33,079$25,548$19,547$14,837$9,836
24 years$40,174$30,993$23,628$17,828$13,336$8,647
25 years$38,157$29,085$21,884$16,282$12,000$7,609
26 years$36,298$27,336$20,296$14,887$10,809$6,701
27 years$34,579$25,726$18,847$13,627$9,745$5,905
28 years$32,986$24,241$17,521$12,485$8,793$5,207
29 years$31,506$22,869$16,305$11,449$7,940$4,594
30 years$30,126$21,597$15,187$10,507$7,175$4,055
31 years$28,839$20,417$14,158$9,650$6,486$3,581
32 years$27,634$19,318$13,210$8,869$5,867$3,163
33 years$26,505$18,295$12,334$8,155$5,310$2,795
34 years$25,444$17,339$11,524$7,504$4,808$2,470
35 years$24,446$16,446$10,775$6,908$4,354$2,184
36 years$23,506$15,610$10,079$6,362$3,945$1,931
37 years$22,618$14,826$9,434$5,861$3,576$1,708
38 years$21,780$14,090$8,835$5,403$3,242$1,511
39 years$20,986$13,398$8,277$4,982$2,940$1,337
40 years$20,234$12,747$7,758$4,595$2,666$1,183
41 years$19,520$12,134$7,275$4,239$2,419$1,047
42 years$18,843$11,556$6,824$3,912$2,195$926
43 years$18,198$11,010$6,403$3,612$1,992$820
44 years$17,585$10,495$6,011$3,335$1,808$726
45 years$17,000$10,008$5,644$3,080$1,642$643
46 years$16,442$9,547$5,301$2,845$1,491$569
47 years$15,910$9,111$4,980$2,628$1,353$504
48 years$15,402$8,698$4,680$2,429$1,229$446
49 years$14,915$8,306$4,399$2,244$1,116$395
50 years$14,450$7,934$4,135$2,075$1,014$350

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $14,800,000, adding $2,238 every year, while hoping to spend $31,560 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: 59/28/13 Blend
50$14,800,000$14,800,000$14,800,000$14,800,000
51$16,311,908$15,527,508$15,298,108$17,221,613
52$17,942,144$16,254,777$15,777,016$18,562,325
53$19,737,605$17,016,624$16,270,908$20,019,907
54$21,715,112$17,814,710$16,780,255$21,608,575
55$23,893,200$18,650,777$17,305,540$23,340,956
56$26,292,291$19,526,650$17,847,261$25,230,933
57$28,934,893$20,444,243$18,405,932$27,293,769
58$31,845,804$21,405,564$18,982,083$29,546,250
59$35,052,355$22,412,715$19,576,261$32,006,836
60$38,584,659$23,467,902$20,189,030$34,695,831
61$42,475,903$24,573,438$20,820,971$37,635,569
62$46,762,656$25,731,747$21,472,684$40,850,618
63$51,485,215$26,945,370$22,144,787$44,368,010
64$56,687,987$28,216,974$22,837,918$48,217,486
65$62,419,907$29,549,351$23,552,733$52,431,770
66$68,734,899$30,945,432$24,289,912$57,046,877
67$75,692,389$32,408,287$25,050,154$62,102,437
68$83,357,858$33,941,139$25,834,179$67,642,070
69$91,803,467$35,547,362$26,642,732$73,713,786
70$101,108,736$37,230,499$27,476,579$80,370,428
71$111,361,295$38,994,260$28,336,512$87,670,170
72$122,657,707$40,842,539$29,223,345$95,677,047
73$135,104,387$42,779,417$30,137,921$104,461,561
74$148,818,599$44,809,174$31,081,106$114,101,328
75$163,929,568$46,936,295$32,053,795$124,681,805
76$180,579,697$49,165,487$33,056,911$136,297,087
77$198,925,913$51,501,683$34,091,404$149,050,781
78$219,141,146$53,950,055$35,158,256$163,056,974
79$241,415,964$56,516,029$36,258,479$178,441,298
80$265,960,370$59,205,291$37,393,115$195,342,106
81$293,005,784$62,023,807$38,563,241$213,911,757
82$322,807,230$64,977,830$39,769,966$234,318,050
83$355,645,742$68,073,918$41,014,434$256,745,787
84$391,831,016$71,318,948$42,297,825$281,398,505
85$431,704,333$74,720,130$43,621,356$308,500,380
86$475,641,786$78,285,027$44,986,282$338,298,329
87$524,057,822$82,021,568$46,393,897$371,064,322
88$577,409,163$85,938,067$47,845,535$407,097,931
89$636,199,109$90,043,244$49,342,572$446,729,138
90$700,982,298$94,346,243$50,886,428$490,321,434
91$772,369,934$98,856,651$52,478,565$538,275,225
92$851,035,564$103,584,523$54,120,494$591,031,594
93$937,721,431$108,540,404$55,813,770$649,076,439
94$1,033,245,484$113,735,351$57,559,998$712,945,037
95$1,138,509,099$119,180,959$59,360,834$783,227,074
96$1,254,505,589$124,889,388$61,217,984$860,572,183
97$1,382,329,581$130,873,389$63,133,207$945,696,050
98$1,523,187,348$137,146,336$65,108,321$1,039,387,144
99$1,678,408,204$143,722,252$67,145,195$1,142,514,127
100$1,849,457,042$150,615,844$69,245,760$1,256,034,023