Can I retire at age 51 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,197,924
2 years$637,739$625,862$614,351$603,190$592,365$546,498
3 years$420,936$409,008$397,526$386,470$375,821$331,572
4 years$312,556$300,664$289,297$278,430$268,038$225,745
5 years$247,545$235,724$224,506$213,861$203,758$163,530
6 years$204,218$192,487$181,434$171,026$161,227$123,093
7 years$173,283$161,650$150,773$140,610$131,121$95,070
8 years$150,092$138,564$127,867$117,954$108,777$74,778
9 years$132,064$120,645$110,132$100,471$91,606$59,612
10 years$117,650$106,342$96,016$86,607$78,053$48,006
11 years$105,864$94,670$84,531$75,374$67,128$38,963
12 years$96,050$84,971$75,019$66,113$58,172$31,819
13 years$87,752$76,789$67,024$58,368$50,727$26,112
14 years$80,646$69,799$60,222$51,813$44,467$21,513
15 years$74,493$63,763$54,372$46,208$39,152$17,780
16 years$69,114$58,501$49,296$41,374$34,603$14,732
17 years$64,373$53,877$44,858$37,174$30,681$12,233
18 years$60,163$49,785$40,949$33,501$27,280$10,176
19 years$56,401$46,140$37,487$30,271$24,316$8,476
20 years$53,019$42,876$34,404$27,417$21,719$7,069
21 years$49,964$39,937$31,645$24,882$19,436$5,901
22 years$47,190$37,280$29,166$22,624$17,422$4,930
23 years$44,661$34,867$26,929$20,604$15,639$4,122
24 years$42,346$32,668$24,905$18,792$14,057$3,448
25 years$40,219$30,657$23,067$17,162$12,649$2,886
26 years$38,260$28,813$21,394$15,692$11,394$2,416
27 years$36,448$27,116$19,866$14,363$10,272$2,023
28 years$34,769$25,552$18,468$13,160$9,269$1,695
29 years$33,209$24,105$17,186$12,068$8,369$1,420
30 years$31,755$22,765$16,008$11,075$7,562$1,190
31 years$30,398$21,520$14,924$10,172$6,837$998
32 years$29,128$20,362$13,924$9,348$6,185$837
33 years$27,937$19,284$13,001$8,596$5,597$701
34 years$26,819$18,277$12,147$7,909$5,068$588
35 years$25,768$17,335$11,357$7,281$4,590$493
36 years$24,776$16,453$10,624$6,706$4,159$414
37 years$23,841$15,627$9,944$6,178$3,769$347
38 years$22,957$14,851$9,312$5,695$3,417$291
39 years$22,120$14,122$8,725$5,251$3,099$244
40 years$21,328$13,436$8,177$4,843$2,811$205
41 years$20,576$12,790$7,668$4,468$2,550$172
42 years$19,861$12,181$7,193$4,124$2,314$144
43 years$19,182$11,606$6,749$3,807$2,100$121
44 years$18,535$11,063$6,335$3,515$1,906$101
45 years$17,919$10,549$5,949$3,246$1,730$85
46 years$17,331$10,063$5,587$2,998$1,571$71
47 years$16,770$9,604$5,249$2,770$1,427$60
48 years$16,234$9,168$4,933$2,560$1,296$50
49 years$15,722$8,755$4,636$2,366$1,177$42
50 years$15,231$8,363$4,359$2,187$1,069$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $15,600,000, adding $6,192 every year, while hoping to spend $52,962 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: 66/9/25 Blend
50$15,600,000$15,600,000$15,600,000$15,600,000
51$17,197,587$16,370,787$16,128,987$18,220,530
52$18,895,390$17,116,604$16,612,957$19,655,860
53$20,764,593$17,897,192$17,111,365$21,217,983
54$22,822,625$18,714,197$17,624,638$22,924,727
55$25,088,686$19,569,347$18,153,218$24,790,337
56$27,583,939$20,464,451$18,697,557$26,830,490
57$30,331,697$21,401,405$19,258,121$29,062,445
58$33,357,654$22,382,198$19,835,392$31,505,199
59$36,690,120$23,408,911$20,429,863$34,179,668
60$40,360,292$24,483,728$21,042,044$37,108,880
61$44,402,547$25,608,936$21,672,458$40,318,189
62$48,854,766$26,786,932$22,321,643$43,835,512
63$53,758,690$28,020,230$22,990,157$47,691,591
64$59,160,317$29,311,463$23,678,568$51,920,277
65$65,110,336$30,663,391$24,387,466$56,558,847
66$71,664,599$32,078,906$25,117,456$61,648,357
67$78,884,658$33,561,042$25,869,160$67,234,019
68$86,838,336$35,112,976$26,643,219$73,365,630
69$95,600,373$36,738,039$27,440,294$80,098,036
70$105,253,131$38,439,722$28,261,064$87,491,643
71$115,887,368$40,221,686$29,106,227$95,612,989
72$127,603,097$42,087,767$29,976,504$104,535,364
73$140,510,530$44,041,984$30,872,634$114,339,497
74$154,731,117$46,088,554$31,795,380$125,114,318
75$170,398,692$48,231,894$32,745,526$136,957,787
76$187,660,736$50,476,635$33,723,879$149,977,815
77$206,679,773$52,827,632$34,731,270$164,293,283
78$227,634,897$55,289,973$35,768,555$180,035,151
79$250,723,469$57,868,994$36,836,614$197,347,694
80$276,162,973$60,570,285$37,936,351$216,389,856
81$304,193,077$63,399,709$39,068,699$237,336,747
82$335,077,888$66,363,412$40,234,618$260,381,284
83$369,108,449$69,467,836$41,435,094$285,736,014
84$406,605,485$72,719,734$42,671,144$313,635,106
85$447,922,429$76,126,186$43,943,812$344,336,559
86$493,448,762$79,694,614$45,254,175$378,124,627
87$543,613,686$83,432,801$46,603,340$415,312,500
88$598,890,177$87,348,902$47,992,446$456,245,248
89$659,799,448$91,451,471$49,422,666$501,303,070
90$726,915,872$95,749,474$50,895,206$550,904,878
91$800,872,404$100,252,311$52,411,308$605,512,240
92$882,366,552$104,969,837$53,972,250$665,633,730
93$972,166,965$109,912,385$55,579,346$731,829,718
94$1,071,120,690$115,090,786$57,233,948$804,717,649
95$1,180,161,165$120,516,399$58,937,450$884,977,865
96$1,300,317,033$126,201,131$60,691,283$973,360,012
97$1,432,721,851$132,157,467$62,496,922$1,070,690,111
98$1,578,624,793$138,398,497$64,355,883$1,177,878,337
99$1,739,402,443$144,937,945$66,269,726$1,295,927,609
100$1,916,571,788$151,790,200$68,240,057$1,425,943,033