Can I retire at age 51 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,298,435
2 years$682,708$669,993$657,671$645,723$634,134$600,849
3 years$450,618$437,848$425,556$413,721$402,321$370,038
4 years$334,595$321,865$309,696$298,063$286,938$255,907
5 years$265,000$252,346$240,337$228,941$218,126$188,432
6 years$218,618$206,059$194,228$183,086$172,596$144,268
7 years$185,501$173,048$161,404$150,525$140,367$113,408
8 years$160,675$148,334$136,884$126,272$116,448$90,847
9 years$141,376$129,152$117,898$107,555$98,066$73,802
10 years$125,946$113,841$102,786$92,714$83,557$60,600
11 years$113,329$101,346$90,491$80,689$71,862$50,180
12 years$102,823$90,963$80,309$70,775$62,274$41,829
13 years$93,940$82,204$71,750$62,484$54,304$35,055
14 years$86,333$74,721$64,468$55,466$47,603$29,508
15 years$79,745$68,259$58,206$49,466$41,913$24,928
16 years$73,987$62,626$52,772$44,291$37,043$21,122
17 years$68,912$57,676$48,021$39,795$32,845$17,941
18 years$64,405$53,296$43,837$35,864$29,204$15,272
19 years$60,378$49,394$40,130$32,406$26,030$13,022
20 years$56,758$45,899$36,830$29,350$23,251$11,120
21 years$53,487$42,753$33,876$26,637$20,807$9,508
22 years$50,517$39,909$31,222$24,219$18,650$8,138
23 years$47,810$37,326$28,828$22,057$16,742$6,972
24 years$45,332$34,972$26,661$20,117$15,048$5,977
25 years$43,055$32,819$24,694$18,372$13,541$5,128
26 years$40,957$30,845$22,902$16,798$12,197$4,402
27 years$39,018$29,029$21,267$15,376$10,997$3,781
28 years$37,221$27,353$19,770$14,088$9,922$3,248
29 years$35,550$25,805$18,398$12,919$8,960$2,792
30 years$33,994$24,370$17,137$11,856$8,096$2,400
31 years$32,541$23,038$15,976$10,889$7,319$2,064
32 years$31,182$21,798$14,906$10,007$6,621$1,775
33 years$29,907$20,643$13,918$9,202$5,992$1,527
34 years$28,710$19,565$13,004$8,467$5,425$1,314
35 years$27,584$18,557$12,158$7,794$4,914$1,131
36 years$26,523$17,614$11,373$7,178$4,452$973
37 years$25,522$16,729$10,645$6,614$4,035$838
38 years$24,576$15,898$9,969$6,096$3,658$721
39 years$23,680$15,118$9,340$5,621$3,317$621
40 years$22,832$14,383$8,754$5,185$3,009$535
41 years$22,026$13,692$8,209$4,783$2,730$460
42 years$21,262$13,039$7,700$4,415$2,477$396
43 years$20,534$12,424$7,225$4,075$2,248$341
44 years$19,842$11,843$6,782$3,763$2,040$294
45 years$19,182$11,293$6,368$3,475$1,852$253
46 years$18,553$10,773$5,981$3,210$1,682$218
47 years$17,953$10,281$5,619$2,966$1,527$188
48 years$17,379$9,814$5,281$2,740$1,387$162
49 years$16,830$9,372$4,963$2,533$1,260$139
50 years$16,305$8,953$4,666$2,341$1,144$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,700,000, adding $6,274 every year, while hoping to spend $34,238 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: 49/34/17 Blend
50$16,700,000$16,700,000$16,700,000$16,700,000
51$18,409,872$17,524,772$17,265,922$19,224,416
52$20,251,250$18,347,056$17,807,901$20,610,325
53$22,279,301$19,208,486$18,366,889$22,110,964
54$24,513,029$20,110,941$18,943,420$23,740,382
55$26,973,377$21,056,396$19,538,043$25,510,687
56$29,683,421$22,046,919$20,151,327$27,435,178
57$32,668,590$23,084,679$20,783,857$29,528,464
58$35,956,907$24,171,949$21,436,237$31,806,591
59$39,579,250$25,311,112$22,109,089$34,287,195
60$43,569,646$26,504,669$22,803,056$36,989,653
61$47,965,591$27,755,240$23,518,800$39,935,263
62$52,808,406$29,065,572$24,257,005$43,147,438
63$58,143,624$30,438,545$25,018,375$46,651,915
64$64,021,420$31,877,179$25,803,636$50,476,994
65$70,497,086$33,384,642$26,613,539$54,653,792
66$77,631,552$34,964,254$27,448,857$59,216,531
67$85,491,963$36,619,494$28,310,386$64,202,848
68$94,152,308$38,354,015$29,198,949$69,654,144
69$103,694,124$40,171,642$30,115,394$75,615,959
70$114,207,261$42,076,388$31,060,595$82,138,398
71$125,790,732$44,072,462$32,035,456$89,276,583
72$138,553,649$46,164,275$33,040,906$97,091,171
73$152,616,249$48,356,453$34,077,905$105,648,906
74$168,111,034$50,653,846$35,147,442$115,023,240
75$185,184,017$53,061,542$36,250,539$125,295,011
76$203,996,102$55,584,873$37,388,247$136,553,191
77$224,724,604$58,229,431$38,561,653$148,895,712
78$247,564,922$61,001,082$39,771,876$162,430,374
79$272,732,382$63,905,972$41,020,072$177,275,845
80$300,464,272$66,950,552$42,307,432$193,562,765
81$331,022,080$70,141,581$43,635,183$211,434,960
82$364,693,963$73,486,150$45,004,593$231,050,780
83$401,797,469$76,991,694$46,416,969$252,584,576
84$442,682,532$80,666,007$47,873,658$276,228,323
85$487,734,775$84,517,266$49,376,050$302,193,410
86$537,379,154$88,554,044$50,925,579$330,712,614
87$592,083,965$92,785,330$52,523,724$362,042,273
88$652,365,269$97,220,551$54,172,009$396,464,679
89$718,791,762$101,869,593$55,872,006$434,290,718
90$791,990,142$106,742,823$57,625,339$475,862,779
91$872,651,027$111,851,113$59,433,679$521,557,953
92$961,535,477$117,205,862$61,298,752$571,791,565
93$1,059,482,173$122,819,027$63,222,337$627,021,064
94$1,167,415,339$128,703,144$65,206,270$687,750,308
95$1,286,353,467$134,871,361$67,252,443$754,534,282
96$1,417,418,929$141,337,466$69,362,809$827,984,307
97$1,561,848,577$148,115,919$71,539,380$908,773,769
98$1,721,005,416$155,221,883$73,784,233$997,644,437
99$1,896,391,473$162,671,260$76,099,510$1,095,413,423
100$2,089,661,979$170,480,727$78,487,419$1,202,980,855