Can I retire at age 51 with 10,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$850,564$842,988$835,596$828,381$821,336$801,807
2 years$421,071$413,229$405,629$398,260$391,113$371,551
3 years$277,926$270,050$262,469$255,169$248,138$229,155
4 years$206,367$198,515$191,010$183,835$176,974$158,717
5 years$163,443$155,638$148,232$141,203$134,533$117,052
6 years$134,836$127,090$119,793$112,921$106,451$89,765
7 years$114,411$106,730$99,549$92,839$86,573$70,684
8 years$99,099$91,488$84,425$77,880$71,821$56,721
9 years$87,196$79,656$72,715$66,337$60,484$46,162
10 years$77,679$70,213$63,395$57,183$51,535$37,976
11 years$69,898$62,507$55,812$49,766$44,322$31,506
12 years$63,418$56,103$49,532$43,652$38,408$26,314
13 years$57,939$50,700$44,253$38,538$33,493$22,097
14 years$53,247$46,085$39,762$34,210$29,360$18,639
15 years$49,184$42,100$35,900$30,509$25,851$15,779
16 years$45,633$38,626$32,548$27,317$22,847$13,398
17 years$42,503$35,573$29,618$24,544$20,258$11,406
18 years$39,723$32,871$27,037$22,120$18,012$9,730
19 years$37,239$30,464$24,751$19,987$16,055$8,315
20 years$35,006$28,309$22,715$18,102$14,340$7,117
21 years$32,989$26,369$20,894$16,429$12,833$6,099
22 years$31,157$24,614$19,257$14,937$11,503$5,233
23 years$29,487$23,021$17,780$13,604$10,326$4,493
24 years$27,959$21,569$16,444$12,407$9,281$3,862
25 years$26,555$20,242$15,230$11,331$8,351$3,321
26 years$25,261$19,024$14,125$10,361$7,523$2,858
27 years$24,065$17,904$13,116$9,483$6,782$2,460
28 years$22,956$16,871$12,193$8,689$6,120$2,119
29 years$21,926$15,916$11,347$7,968$5,526$1,826
30 years$20,966$15,031$10,569$7,312$4,993$1,573
31 years$20,070$14,209$9,854$6,716$4,514$1,356
32 years$19,232$13,444$9,194$6,172$4,083$1,170
33 years$18,446$12,732$8,584$5,676$3,696$1,009
34 years$17,708$12,067$8,020$5,222$3,346$870
35 years$17,013$11,446$7,499$4,807$3,030$751
36 years$16,359$10,863$7,015$4,427$2,746$648
37 years$15,741$10,318$6,566$4,079$2,489$559
38 years$15,158$9,806$6,148$3,760$2,256$482
39 years$14,605$9,324$5,760$3,467$2,046$416
40 years$14,082$8,871$5,399$3,198$1,856$359
41 years$13,585$8,445$5,063$2,950$1,684$310
42 years$13,113$8,042$4,749$2,723$1,528$268
43 years$12,665$7,663$4,456$2,513$1,386$231
44 years$12,238$7,304$4,183$2,321$1,258$200
45 years$11,831$6,965$3,928$2,143$1,142$172
46 years$11,443$6,644$3,689$1,980$1,037$149
47 years$11,073$6,341$3,466$1,829$942$128
48 years$10,719$6,053$3,257$1,690$855$111
49 years$10,380$5,780$3,061$1,562$777$96
50 years$10,056$5,522$2,878$1,444$706$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,300,000, adding $4,279 every year, while hoping to spend $32,991 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: 62/25/13 Blend
50$10,300,000$10,300,000$10,300,000$10,300,000
51$11,355,014$10,809,114$10,649,464$12,023,346
52$12,478,123$11,303,658$10,971,119$12,966,765
53$13,714,684$11,821,330$11,302,443$13,991,995
54$15,076,233$12,363,226$11,643,727$15,110,316
55$16,575,484$12,930,499$11,995,267$16,330,757
56$18,226,445$13,524,355$12,357,370$17,663,246
57$20,044,552$14,146,059$12,730,351$19,118,703
58$22,046,815$14,796,934$13,114,537$20,709,141
59$24,251,977$15,478,371$13,510,260$22,447,777
60$26,680,691$16,191,824$13,917,867$24,349,148
61$29,355,718$16,938,819$14,337,711$26,429,254
62$32,302,135$17,720,955$14,770,159$28,705,698
63$35,547,579$18,539,908$15,215,585$31,197,851
64$39,122,503$19,397,435$15,674,379$33,927,034
65$43,060,465$20,295,376$16,146,937$36,916,711
66$47,398,444$21,235,661$16,633,671$40,192,709
67$52,177,191$22,220,314$17,135,004$43,783,458
68$57,441,609$23,251,454$17,651,372$47,720,252
69$63,241,181$24,331,303$18,183,221$52,037,544
70$69,630,436$25,462,192$18,731,013$56,773,263
71$76,669,463$26,646,562$19,295,225$61,969,167
72$84,424,478$27,886,972$19,876,344$67,671,237
73$92,968,448$29,186,107$20,474,875$73,930,096
74$102,381,782$30,546,779$21,091,336$80,801,493
75$112,753,089$31,971,936$21,726,260$88,346,812
76$124,180,012$33,464,669$22,380,198$96,633,652
77$136,770,154$35,028,219$23,053,716$105,736,458
78$150,642,089$36,665,981$23,747,395$115,737,213
79$165,926,486$38,381,518$24,461,836$126,726,210
80$182,767,336$40,178,561$25,197,656$138,802,893
81$201,323,318$42,061,024$25,955,491$152,076,787
82$221,769,292$44,033,010$26,735,996$166,668,529
83$244,297,952$46,098,819$27,539,844$182,710,994
84$269,121,644$48,262,962$28,367,729$200,350,541
85$296,474,368$50,530,164$29,220,365$219,748,384
86$326,613,994$52,905,382$30,098,487$241,082,109
87$359,824,687$55,393,812$31,002,853$264,547,333
88$396,419,598$58,000,901$31,934,241$290,359,547
89$436,743,812$60,732,360$32,893,453$318,756,133
90$481,177,612$63,594,178$33,881,315$349,998,597
91$530,140,067$66,592,631$34,898,678$384,375,024
92$584,092,987$69,734,302$35,946,416$422,202,784
93$643,545,280$73,026,092$37,025,430$463,831,518
94$709,057,765$76,475,236$38,136,648$509,646,418
95$781,248,455$80,089,321$39,281,023$560,071,856
96$860,798,399$83,876,300$40,459,540$615,575,370
97$948,458,110$87,844,512$41,673,208$676,672,062
98$1,045,054,647$92,002,703$42,923,070$743,929,447
99$1,151,499,425$96,360,040$44,210,198$817,972,789
100$1,268,796,821$100,926,137$45,535,694$899,490,987