Can I retire at age 51 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,325,665
2 years$686,796$674,005$661,609$649,590$637,931$623,842
3 years$453,316$440,470$428,105$416,198$404,730$390,980
4 years$336,599$323,792$311,551$299,847$288,657$275,351
5 years$266,587$253,857$241,776$230,312$219,432$206,610
6 years$219,927$207,293$195,391$184,182$173,629$161,307
7 years$186,612$174,085$162,371$151,426$141,207$129,389
8 years$161,637$149,223$137,703$127,028$117,145$105,831
9 years$142,223$129,925$118,604$108,199$98,653$87,839
10 years$126,700$114,523$103,402$93,269$84,057$73,736
11 years$114,008$101,953$91,033$81,172$72,292$62,455
12 years$103,439$91,507$80,790$71,199$62,647$53,284
13 years$94,503$82,696$72,180$62,858$54,629$45,730
14 years$86,849$75,168$64,854$55,798$47,888$39,439
15 years$80,223$68,668$58,555$49,762$42,164$34,154
16 years$74,430$63,001$53,088$44,557$37,265$29,680
17 years$69,325$58,022$48,308$40,034$33,041$25,867
18 years$64,791$53,615$44,099$36,078$29,379$22,601
19 years$60,740$49,690$40,371$32,600$26,186$19,790
20 years$57,098$46,174$37,050$29,526$23,390$17,361
21 years$53,807$43,009$34,079$26,796$20,931$15,254
22 years$50,820$40,148$31,409$24,364$18,762$13,422
23 years$48,096$37,549$29,001$22,189$16,842$11,824
24 years$45,603$35,181$26,821$20,237$15,138$10,428
25 years$43,313$33,016$24,841$18,482$13,622$9,205
26 years$41,203$31,029$23,039$16,899$12,270$8,132
27 years$39,252$29,202$21,394$15,468$11,062$7,189
28 years$37,444$27,517$19,888$14,172$9,982$6,360
29 years$35,763$25,959$18,508$12,996$9,013$5,629
30 years$34,198$24,516$17,239$11,927$8,144$4,985
31 years$32,736$23,176$16,072$10,954$7,363$4,416
32 years$31,368$21,929$14,995$10,067$6,660$3,914
33 years$30,086$20,767$14,001$9,258$6,028$3,470
34 years$28,882$19,682$13,082$8,518$5,457$3,077
35 years$27,750$18,668$12,231$7,841$4,943$2,730
36 years$26,682$17,719$11,441$7,221$4,479$2,422
37 years$25,675$16,829$10,709$6,654$4,059$2,149
38 years$24,723$15,994$10,028$6,133$3,680$1,908
39 years$23,822$15,208$9,396$5,655$3,337$1,694
40 years$22,968$14,469$8,807$5,216$3,027$1,504
41 years$22,158$13,774$8,258$4,812$2,746$1,335
42 years$21,389$13,117$7,746$4,441$2,492$1,186
43 years$20,657$12,498$7,269$4,100$2,261$1,053
44 years$19,961$11,913$6,823$3,785$2,053$936
45 years$19,297$11,361$6,406$3,496$1,863$831
46 years$18,664$10,838$6,017$3,229$1,692$738
47 years$18,060$10,342$5,653$2,983$1,536$656
48 years$17,483$9,873$5,312$2,757$1,395$583
49 years$16,931$9,428$4,993$2,548$1,267$518
50 years$16,403$9,006$4,694$2,355$1,151$460

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $16,800,000, adding $5,936 every year, while hoping to spend $34,875 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: 79/7/14 Blend
50$16,800,000$16,800,000$16,800,000$16,800,000
51$18,519,723$17,629,323$17,368,923$19,929,988
52$20,371,628$18,456,053$17,913,675$21,685,581
53$22,411,258$19,322,124$18,475,508$23,606,233
54$24,657,726$20,229,427$19,054,956$25,712,533
55$27,132,089$21,179,944$19,652,572$28,023,040
56$29,857,554$22,175,753$20,268,925$30,558,192
57$32,859,693$23,219,034$20,904,603$33,340,496
58$36,166,686$24,312,071$21,560,212$36,394,741
59$39,809,584$25,457,259$22,236,375$39,748,225
60$43,822,606$26,657,108$22,933,737$43,431,016
61$48,243,457$27,914,252$23,652,963$47,476,231
62$53,113,691$29,231,451$24,394,738$51,920,345
63$58,479,094$30,611,599$25,159,769$56,803,536
64$64,390,124$32,057,730$25,948,784$62,170,058
65$70,902,384$33,573,026$26,762,535$68,068,661
66$78,077,144$35,160,822$27,601,797$74,553,044
67$85,981,926$36,824,615$28,467,371$81,682,362
68$94,691,134$38,568,073$29,360,079$89,521,777
69$104,286,762$40,395,041$30,280,774$98,143,079
70$114,859,164$42,309,549$31,230,332$107,625,349
71$126,507,907$44,315,826$32,209,657$118,055,713
72$139,342,716$46,418,303$33,219,682$129,530,153
73$153,484,501$48,621,629$34,261,370$142,154,414
74$169,066,507$50,930,675$35,335,712$156,044,995
75$186,235,564$53,350,552$36,443,732$171,330,249
76$205,153,480$55,886,618$37,586,486$188,151,588
77$225,998,564$58,544,490$38,765,062$206,664,815
78$248,967,307$61,330,060$39,980,581$227,041,587
79$274,276,245$64,249,505$41,234,203$249,471,035
80$302,163,993$67,309,303$42,527,120$274,161,544
81$332,893,507$70,516,245$43,860,565$301,342,713
82$366,754,557$73,877,454$45,235,807$331,267,519
83$404,066,472$77,400,398$46,654,156$364,214,698
84$445,181,144$81,092,910$48,116,962$400,491,375
85$490,486,359$84,963,201$49,625,619$440,435,953
86$540,409,454$89,019,884$51,181,563$484,421,301
87$595,421,349$93,271,989$52,786,277$532,858,272
88$656,040,997$97,728,987$54,441,287$586,199,573
89$722,840,278$102,400,807$56,148,170$644,944,029
90$796,449,404$107,297,865$57,908,552$709,641,289
91$877,562,863$112,431,079$59,724,107$780,897,005
92$966,945,977$117,811,904$61,596,566$859,378,544
93$1,065,442,126$123,452,347$63,527,711$945,821,275
94$1,173,980,714$129,365,003$65,519,381$1,041,035,510
95$1,293,585,938$135,563,080$67,573,471$1,145,914,138
96$1,425,386,460$142,060,426$69,691,938$1,261,441,051
97$1,570,626,059$148,871,568$71,876,799$1,388,700,417
98$1,730,675,379$156,011,736$74,130,133$1,528,886,909
99$1,907,044,860$163,496,904$76,454,086$1,683,316,973
100$2,101,399,008$171,343,824$78,850,870$1,853,441,243