Can I retire at age 51 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,277,182
2 years$670,444$657,958$645,856$634,123$622,742$592,110
3 years$442,523$429,982$417,912$406,289$395,093$365,363
4 years$328,585$316,083$304,133$292,708$281,784$253,185
5 years$260,239$247,813$236,019$224,828$214,208$186,820
6 years$214,691$202,358$190,739$179,797$169,495$143,346
7 years$182,169$169,940$158,505$147,821$137,845$112,939
8 years$157,789$145,670$134,425$124,003$114,356$90,683
9 years$138,836$126,832$115,780$105,623$96,304$73,846
10 years$123,683$111,796$100,940$91,048$82,056$60,787
11 years$111,293$99,525$88,866$79,239$70,571$50,463
12 years$100,976$89,329$78,866$69,503$61,155$42,175
13 years$92,252$80,727$70,462$61,361$53,328$35,441
14 years$84,782$73,379$63,310$54,470$46,747$29,914
15 years$78,313$67,033$57,160$48,577$41,160$25,342
16 years$72,658$61,501$51,824$43,496$36,377$21,534
17 years$67,674$56,640$47,158$39,081$32,255$18,344
18 years$63,249$52,338$43,049$35,219$28,679$15,661
19 years$59,294$48,506$39,409$31,824$25,563$13,394
20 years$55,738$45,075$36,168$28,823$22,833$11,472
21 years$52,526$41,985$33,268$26,158$20,433$9,839
22 years$49,610$39,192$30,661$23,784$18,315$8,448
23 years$46,951$36,655$28,310$21,660$16,441$7,260
24 years$44,517$34,343$26,182$19,756$14,777$6,244
25 years$42,282$32,230$24,250$18,042$13,297$5,374
26 years$40,222$30,291$22,491$16,497$11,978$4,628
27 years$38,317$28,507$20,885$15,100$10,799$3,988
28 years$36,552$26,862$19,415$13,835$9,744$3,437
29 years$34,912$25,341$18,067$12,687$8,799$2,964
30 years$33,383$23,932$16,829$11,643$7,950$2,557
31 years$31,956$22,624$15,689$10,693$7,188$2,206
32 years$30,621$21,407$14,638$9,827$6,502$1,904
33 years$29,370$20,273$13,668$9,037$5,884$1,643
34 years$28,195$19,214$12,770$8,315$5,327$1,419
35 years$27,089$18,224$11,939$7,654$4,825$1,225
36 years$26,047$17,297$11,169$7,049$4,372$1,058
37 years$25,064$16,428$10,454$6,495$3,962$914
38 years$24,134$15,613$9,790$5,987$3,592$789
39 years$23,255$14,846$9,172$5,520$3,258$682
40 years$22,421$14,125$8,597$5,091$2,955$589
41 years$21,631$13,446$8,061$4,698$2,681$509
42 years$20,880$12,805$7,562$4,335$2,432$440
43 years$20,165$12,201$7,096$4,002$2,208$380
44 years$19,486$11,630$6,660$3,695$2,004$328
45 years$18,838$11,090$6,254$3,413$1,819$284
46 years$18,220$10,580$5,874$3,152$1,652$245
47 years$17,630$10,096$5,518$2,912$1,500$212
48 years$17,067$9,638$5,186$2,691$1,362$183
49 years$16,528$9,204$4,874$2,487$1,237$158
50 years$16,012$8,792$4,582$2,299$1,124$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,400,000, adding $2,465 every year, while hoping to spend $54,669 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: 50/31/19 Blend
50$16,400,000$16,400,000$16,400,000$16,400,000
51$18,075,343$17,206,143$16,951,943$18,883,363
52$19,860,860$17,991,076$17,461,665$20,226,932
53$21,826,668$18,812,639$17,986,631$21,680,475
54$23,991,099$19,672,569$18,527,294$23,259,021
55$26,374,352$20,572,686$19,084,119$24,974,384
56$28,998,685$21,514,897$19,657,587$26,839,545
57$31,888,627$22,501,203$20,248,192$28,868,764
58$35,071,203$23,533,698$20,856,442$31,077,715
59$38,576,195$24,614,578$21,482,862$33,483,624
60$42,436,419$25,746,145$22,127,990$36,105,427
61$46,688,038$26,930,810$22,792,382$38,963,944
62$51,370,900$28,171,102$23,476,609$42,082,065
63$56,528,915$29,469,669$24,181,259$45,484,963
64$62,210,470$30,829,289$24,906,937$49,200,320
65$68,468,886$32,252,872$25,654,267$53,258,584
66$75,362,918$33,743,468$26,423,891$57,693,249
67$82,957,313$35,304,275$27,216,469$62,541,159
68$91,323,419$36,938,644$28,032,680$67,842,851
69$100,539,857$38,650,088$28,873,225$73,642,925
70$110,693,268$40,442,288$29,738,823$79,990,458
71$121,879,125$42,319,104$30,630,217$86,939,458
72$134,202,637$44,284,580$31,548,170$94,549,360
73$147,779,739$46,342,959$32,493,468$102,885,577
74$162,738,192$48,498,683$33,466,918$112,020,111
75$179,218,782$50,756,412$34,469,354$122,032,214
76$197,376,652$53,121,032$35,501,632$133,009,126
77$217,382,769$55,597,660$36,564,635$145,046,887
78$239,425,531$58,191,665$37,659,270$158,251,230
79$263,712,550$60,908,672$38,786,471$172,738,562
80$290,472,613$63,754,579$39,947,200$188,637,051
81$319,957,836$66,735,570$41,142,447$206,087,818
82$352,446,047$69,858,125$42,373,231$225,246,256
83$388,243,410$73,129,039$43,640,601$246,283,476
84$427,687,312$76,555,436$44,945,635$269,387,906
85$471,149,548$80,144,783$46,289,444$294,767,054
86$519,039,834$83,904,909$47,673,173$322,649,443
87$571,809,670$87,844,022$49,097,996$353,286,750
88$629,956,603$91,970,727$50,565,127$386,956,160
89$694,028,928$96,294,043$52,075,809$423,962,961
90$764,630,857$100,823,430$53,631,328$464,643,404
91$842,428,229$105,568,803$55,233,002$509,367,848
92$928,154,792$110,540,558$56,882,191$558,544,238
93$1,022,619,128$115,749,593$58,580,292$612,621,920
94$1,126,712,292$121,207,336$60,328,745$672,095,866
95$1,241,416,219$126,925,768$62,129,030$737,511,309
96$1,367,812,993$132,917,450$63,982,672$809,468,861
97$1,507,095,065$139,195,552$65,891,239$888,630,156
98$1,660,576,512$145,773,884$67,856,345$975,724,055
99$1,829,705,435$152,666,923$69,879,652$1,071,553,499
100$2,016,077,637$159,889,850$71,962,868$1,177,003,048