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

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 $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%11.4%
1 years$850,564$842,988$835,596$828,381$821,336$816,502
2 years$421,071$413,229$405,629$398,260$391,113$386,236
3 years$277,926$270,050$262,469$255,169$248,138$243,369
4 years$206,367$198,515$191,010$183,835$176,974$172,350
5 years$163,443$155,638$148,232$141,203$134,533$130,067
6 years$134,836$127,090$119,793$112,921$106,451$102,150
7 years$114,411$106,730$99,549$92,839$86,573$82,438
8 years$99,099$91,488$84,425$77,880$71,821$67,852
9 years$87,196$79,656$72,715$66,337$60,484$56,681
10 years$77,679$70,213$63,395$57,183$51,535$47,896
11 years$69,898$62,507$55,812$49,766$44,322$40,844
12 years$63,418$56,103$49,532$43,652$38,408$35,088
13 years$57,939$50,700$44,253$38,538$33,493$30,328
14 years$53,247$46,085$39,762$34,210$29,360$26,346
15 years$49,184$42,100$35,900$30,509$25,851$22,984
16 years$45,633$38,626$32,548$27,317$22,847$20,123
17 years$42,503$35,573$29,618$24,544$20,258$17,673
18 years$39,723$32,871$27,037$22,120$18,012$15,562
19 years$37,239$30,464$24,751$19,987$16,055$13,735
20 years$35,006$28,309$22,715$18,102$14,340$12,146
21 years$32,989$26,369$20,894$16,429$12,833$10,759
22 years$31,157$24,614$19,257$14,937$11,503$9,545
23 years$29,487$23,021$17,780$13,604$10,326$8,479
24 years$27,959$21,569$16,444$12,407$9,281$7,541
25 years$26,555$20,242$15,230$11,331$8,351$6,714
26 years$25,261$19,024$14,125$10,361$7,523$5,983
27 years$24,065$17,904$13,116$9,483$6,782$5,335
28 years$22,956$16,871$12,193$8,689$6,120$4,761
29 years$21,926$15,916$11,347$7,968$5,526$4,252
30 years$20,966$15,031$10,569$7,312$4,993$3,799
31 years$20,070$14,209$9,854$6,716$4,514$3,396
32 years$19,232$13,444$9,194$6,172$4,083$3,037
33 years$18,446$12,732$8,584$5,676$3,696$2,717
34 years$17,708$12,067$8,020$5,222$3,346$2,432
35 years$17,013$11,446$7,499$4,807$3,030$2,177
36 years$16,359$10,863$7,015$4,427$2,746$1,950
37 years$15,741$10,318$6,566$4,079$2,489$1,747
38 years$15,158$9,806$6,148$3,760$2,256$1,565
39 years$14,605$9,324$5,760$3,467$2,046$1,402
40 years$14,082$8,871$5,399$3,198$1,856$1,257
41 years$13,585$8,445$5,063$2,950$1,684$1,127
42 years$13,113$8,042$4,749$2,723$1,528$1,010
43 years$12,665$7,663$4,456$2,513$1,386$906
44 years$12,238$7,304$4,183$2,321$1,258$812
45 years$11,831$6,965$3,928$2,143$1,142$728
46 years$11,443$6,644$3,689$1,980$1,037$653
47 years$11,073$6,341$3,466$1,829$942$586
48 years$10,719$6,053$3,257$1,690$855$526
49 years$10,380$5,780$3,061$1,562$777$472
50 years$10,056$5,522$2,878$1,444$706$423

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 $2,331 every year, while hoping to spend $54,278 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: 64/30/6 Blend
50$10,300,000$10,300,000$10,300,000$10,300,000
51$11,353,004$10,807,104$10,647,454$12,068,094
52$12,453,260$11,278,901$10,946,393$13,016,026
53$13,663,921$11,771,997$11,253,526$14,044,253
54$14,996,194$12,287,378$11,569,073$15,165,790
55$16,462,424$12,826,077$11,893,254$16,389,682
56$18,076,212$13,389,175$12,226,299$17,725,877
57$19,852,547$13,977,806$12,568,441$19,185,318
58$21,807,944$14,593,156$12,919,921$20,780,040
59$23,960,600$15,236,466$13,280,984$22,523,285
60$26,330,566$15,909,039$13,651,883$24,429,618
61$28,939,938$16,612,236$14,032,875$26,515,069
62$31,813,061$17,347,485$14,424,226$28,797,272
63$34,976,762$18,116,280$14,826,206$31,295,637
64$38,460,602$18,920,187$15,239,094$34,031,522
65$42,297,154$19,760,847$15,663,174$37,028,435
66$46,522,311$20,639,976$16,098,738$40,312,249
67$51,175,627$21,559,375$16,546,085$43,911,444
68$56,300,683$22,520,927$17,005,522$47,857,372
69$61,945,508$23,526,607$17,477,362$52,184,545
70$68,163,023$24,578,484$17,961,926$56,930,959
71$75,011,544$25,678,723$18,459,544$62,138,448
72$82,555,336$26,829,595$18,970,553$67,853,069
73$90,865,212$28,033,477$19,495,298$74,125,537
74$100,019,206$29,292,859$20,034,133$81,011,693
75$110,103,308$30,610,352$20,587,420$88,573,028
76$121,212,276$31,988,690$21,155,529$96,877,257
77$133,450,530$33,430,738$21,738,840$105,998,950
78$146,933,135$34,939,495$22,337,743$116,020,229
79$161,786,891$36,518,107$22,952,634$127,031,539
80$178,151,528$38,169,868$23,583,921$139,132,490
81$196,181,023$39,898,230$24,232,021$152,432,792
82$216,045,054$41,706,810$24,897,361$167,053,280
83$237,930,604$43,599,398$25,580,376$183,127,050
84$262,043,721$45,579,965$26,281,515$200,800,702
85$288,611,470$47,652,672$27,001,235$220,235,716
86$317,884,065$49,821,879$27,740,002$241,609,968
87$350,137,244$52,092,155$28,498,296$265,119,396
88$385,674,861$54,468,289$29,276,607$290,979,841
89$424,831,759$56,955,297$30,075,435$319,429,070
90$467,976,929$59,558,437$30,895,293$350,729,013
91$515,516,995$62,283,220$31,736,704$385,168,220
92$567,900,050$65,135,419$32,600,205$423,064,574
93$625,619,886$68,121,086$33,486,344$464,768,275
94$689,220,658$71,246,562$34,395,680$510,665,134
95$759,302,016$74,518,495$35,328,786$561,180,203
96$836,524,770$77,943,849$36,286,248$616,781,763
97$921,617,124$81,529,925$37,268,665$677,985,740
98$1,015,381,553$85,284,374$38,276,648$745,360,549
99$1,118,702,377$89,215,214$39,310,821$819,532,446
100$1,232,554,111$93,330,851$40,371,825$901,191,421