Can I retire at age 51 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,518,991
2 years$801,262$786,339$771,877$757,855$744,253$700,318
3 years$528,869$513,882$499,455$485,565$472,185$429,632
4 years$392,699$377,757$363,476$349,822$336,766$295,922
5 years$311,018$296,166$282,072$268,697$256,004$216,981
6 years$256,582$241,842$227,956$214,879$202,567$165,402
7 years$217,714$203,099$189,433$176,664$164,742$129,433
8 years$188,577$174,093$160,654$148,199$136,669$103,199
9 years$165,926$151,579$138,371$126,233$115,095$83,431
10 years$147,817$133,610$120,635$108,814$98,067$68,167
11 years$133,009$118,945$106,205$94,701$84,341$56,156
12 years$120,678$106,759$94,254$83,065$73,088$46,565
13 years$110,253$96,479$84,210$73,334$63,734$38,816
14 years$101,324$87,696$75,663$65,098$55,869$32,494
15 years$93,593$80,112$68,314$58,056$49,191$27,297
16 years$86,835$73,501$61,936$51,983$43,475$22,997
17 years$80,879$67,692$56,360$46,706$38,548$19,421
18 years$75,590$62,550$51,449$42,092$34,275$16,433
19 years$70,863$57,971$47,099$38,033$30,550$13,929
20 years$66,614$53,870$43,225$34,446$27,288$11,822
21 years$62,775$50,177$39,759$31,262$24,420$10,046
22 years$59,290$46,839$36,644$28,425$21,889$8,546
23 years$56,112$43,807$33,834$25,887$19,649$7,275
24 years$53,204$41,045$31,291$23,610$17,661$6,198
25 years$50,532$38,518$28,982$21,562$15,892$5,284
26 years$48,070$36,201$26,879$19,715$14,315$4,506
27 years$45,794$34,069$24,960$18,046$12,906$3,845
28 years$43,684$32,103$23,203$16,534$11,645$3,282
29 years$41,724$30,286$21,592$15,162$10,516$2,802
30 years$39,897$28,602$20,113$13,915$9,501$2,394
31 years$38,192$27,038$18,750$12,780$8,590$2,045
32 years$36,596$25,584$17,494$11,745$7,770$1,747
33 years$35,101$24,228$16,335$10,800$7,032$1,493
34 years$33,696$22,963$15,262$9,937$6,367$1,276
35 years$32,375$21,780$14,269$9,148$5,767$1,091
36 years$31,129$20,672$13,348$8,425$5,225$933
37 years$29,954$19,634$12,494$7,763$4,736$797
38 years$28,843$18,659$11,700$7,155$4,293$682
39 years$27,792$17,743$10,962$6,597$3,893$583
40 years$26,796$16,881$10,274$6,085$3,531$499
41 years$25,851$16,069$9,634$5,614$3,204$426
42 years$24,954$15,304$9,037$5,181$2,907$365
43 years$24,100$14,581$8,480$4,783$2,638$312
44 years$23,288$13,899$7,960$4,416$2,395$267
45 years$22,513$13,254$7,474$4,078$2,174$228
46 years$21,775$12,644$7,020$3,767$1,974$195
47 years$21,070$12,066$6,595$3,481$1,792$167
48 years$20,397$11,519$6,198$3,216$1,628$143
49 years$19,753$11,000$5,825$2,972$1,478$122
50 years$19,136$10,507$5,477$2,747$1,343$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $19,600,000, adding $5,527 every year, while hoping to spend $43,159 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: 67/24/9 Blend
50$19,600,000$19,600,000$19,600,000$19,600,000
51$21,604,901$20,566,101$20,262,301$23,013,708
52$23,762,680$21,527,919$20,895,167$24,912,187
53$26,139,106$22,535,420$21,547,788$26,981,269
54$28,756,436$23,590,796$22,220,780$29,242,172
55$31,639,194$24,696,347$22,914,777$31,713,641
56$34,814,405$25,854,482$23,630,436$34,416,298
57$38,311,851$27,067,728$24,368,432$37,372,830
58$42,164,347$28,338,733$25,129,462$40,608,198
59$46,408,055$29,670,276$25,914,244$44,149,868
60$51,082,825$31,065,267$26,723,519$48,028,064
61$56,232,567$32,526,759$27,558,050$52,276,048
62$61,905,670$34,057,952$28,418,627$56,930,425
63$68,155,457$35,662,201$29,306,060$62,031,488
64$75,040,688$37,343,023$30,221,187$67,623,583
65$82,626,114$39,104,107$31,164,873$73,755,528
66$90,983,089$40,949,319$32,138,007$80,481,063
67$100,190,242$42,882,714$33,141,508$87,859,350
68$110,334,221$44,908,542$34,176,323$95,955,523
69$121,510,511$47,031,259$35,243,429$104,841,294
70$133,824,331$49,255,538$36,343,832$114,595,622
71$147,391,633$51,586,280$37,478,570$125,305,449
72$162,340,192$54,028,620$38,648,715$137,066,510
73$178,810,814$56,587,945$39,855,369$149,984,225
74$196,958,665$59,269,903$41,099,672$164,174,689
75$216,954,736$62,080,415$42,382,798$179,765,750
76$238,987,453$65,025,689$43,705,956$196,898,208
77$263,264,463$68,112,238$45,070,395$215,727,131
78$290,014,587$71,346,886$46,477,402$236,423,306
79$319,489,984$74,736,792$47,928,304$259,174,838
80$351,968,529$78,289,462$49,424,469$284,188,911
81$387,756,439$82,012,766$50,967,309$311,693,729
82$427,191,160$85,914,955$52,558,278$341,940,656
83$470,644,554$90,004,684$54,198,876$375,206,570
84$518,526,412$94,291,027$55,890,652$411,796,466
85$571,288,317$98,783,498$57,635,200$452,046,309
86$629,427,910$103,492,075$59,434,164$496,326,193
87$693,493,590$108,427,220$61,289,242$545,043,814
88$764,089,687$113,599,904$63,202,181$598,648,299
89$841,882,167$119,021,631$65,174,787$657,634,422
90$927,604,924$124,704,467$67,208,918$722,547,256
91$1,022,066,701$130,661,060$69,306,491$793,987,293
92$1,126,158,730$136,904,678$71,469,485$872,616,089
93$1,240,863,145$143,449,232$73,699,937$959,162,485
94$1,367,262,252$150,309,310$75,999,951$1,054,429,459
95$1,506,548,746$157,500,211$78,371,693$1,159,301,680
96$1,660,036,973$165,037,977$80,817,401$1,274,753,830
97$1,829,175,338$172,939,431$83,339,377$1,401,859,772
98$2,015,559,975$181,222,216$85,939,999$1,541,802,662
99$2,220,949,822$189,904,833$88,621,718$1,695,886,077
100$2,447,283,218$199,006,685$91,387,060$1,865,546,294