Can I retire at age 51 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$867,080$859,357$851,821$844,466$837,285$830,616
2 years$429,248$421,253$413,506$405,993$398,707$391,985
3 years$283,323$275,294$267,565$260,124$252,956$246,389
4 years$210,374$202,370$194,719$187,405$180,410$174,048
5 years$166,617$158,661$151,110$143,945$137,145$131,007
6 years$137,455$129,558$122,119$115,114$108,518$102,612
7 years$116,633$108,803$101,482$94,641$88,254$82,583
8 years$101,023$93,264$86,065$79,392$73,216$67,778
9 years$88,889$81,203$74,127$67,625$61,658$56,454
10 years$79,187$71,577$64,626$58,293$52,536$47,561
11 years$71,255$63,720$56,896$50,732$45,183$40,434
12 years$64,649$57,192$50,493$44,499$39,154$34,628
13 years$59,064$51,685$45,113$39,286$34,143$29,834
14 years$54,281$46,980$40,534$34,874$29,930$25,832
15 years$50,139$42,917$36,597$31,101$26,353$22,461
16 years$46,519$39,376$33,180$27,848$23,290$19,599
17 years$43,328$36,264$30,193$25,021$20,651$17,153
18 years$40,494$33,509$27,562$22,549$18,362$15,051
19 years$37,962$31,056$25,232$20,375$16,366$13,236
20 years$35,686$28,859$23,156$18,453$14,619$11,662
21 years$33,630$26,881$21,299$16,748$13,082$10,293
22 years$31,762$25,092$19,631$15,227$11,726$9,098
23 years$30,060$23,468$18,125$13,868$10,526$8,051
24 years$28,502$21,988$16,763$12,648$9,461$7,133
25 years$27,071$20,635$15,526$11,551$8,514$6,326
26 years$25,752$19,393$14,399$10,562$7,669$5,615
27 years$24,532$18,251$13,371$9,668$6,914$4,988
28 years$23,402$17,198$12,430$8,858$6,239$4,434
29 years$22,352$16,225$11,567$8,123$5,633$3,943
30 years$21,373$15,322$10,775$7,454$5,090$3,509
31 years$20,460$14,485$10,045$6,846$4,602$3,124
32 years$19,605$13,706$9,372$6,292$4,163$2,783
33 years$18,804$12,979$8,751$5,786$3,767$2,479
34 years$18,051$12,301$8,176$5,324$3,411$2,210
35 years$17,344$11,668$7,644$4,901$3,089$1,970
36 years$16,676$11,074$7,151$4,513$2,799$1,757
37 years$16,047$10,518$6,693$4,158$2,537$1,567
38 years$15,452$9,996$6,268$3,833$2,300$1,398
39 years$14,889$9,505$5,872$3,534$2,086$1,247
40 years$14,355$9,043$5,504$3,260$1,892$1,113
41 years$13,849$8,608$5,161$3,008$1,716$994
42 years$13,368$8,198$4,841$2,776$1,557$887
43 years$12,911$7,811$4,543$2,562$1,413$792
44 years$12,475$7,446$4,264$2,366$1,283$707
45 years$12,061$7,100$4,004$2,185$1,165$631
46 years$11,665$6,773$3,761$2,018$1,057$564
47 years$11,288$6,464$3,533$1,865$960$504
48 years$10,927$6,171$3,320$1,723$872$450
49 years$10,582$5,893$3,121$1,592$792$402
50 years$10,252$5,629$2,934$1,472$719$359

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,500,000, adding $2,261 every year, while hoping to spend $42,989 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: 31/41/28 Blend
50$10,500,000$10,500,000$10,500,000$10,500,000
51$11,573,332$11,016,832$10,854,082$11,832,723
52$12,708,072$11,510,917$11,171,954$12,527,796
53$13,957,115$12,027,771$11,499,034$13,271,526
54$15,332,073$12,568,465$11,835,584$14,071,269
55$16,845,745$13,134,120$12,181,876$14,931,955
56$18,512,230$13,725,910$12,538,188$15,858,989
57$20,347,065$14,345,068$12,904,805$16,858,290
58$22,367,370$14,992,881$13,282,021$17,936,346
59$24,592,012$15,670,702$13,670,138$19,100,272
60$27,041,777$16,379,946$14,069,468$20,357,866
61$29,739,571$17,122,096$14,480,328$21,717,686
62$32,710,635$17,898,707$14,903,047$23,189,116
63$35,982,783$18,711,407$15,337,962$24,782,457
64$39,586,664$19,561,903$15,785,421$26,509,014
65$43,556,051$20,451,983$16,245,779$28,381,197
66$47,928,158$21,383,520$16,719,403$30,412,630
67$52,743,996$22,358,479$17,206,669$32,618,277
68$58,048,755$23,378,916$17,707,964$35,014,574
69$63,892,233$24,446,988$18,223,686$37,619,574
70$70,329,305$25,564,954$18,754,244$40,453,115
71$77,420,441$26,735,183$19,300,057$43,536,993
72$85,232,274$27,960,156$19,861,557$46,895,166
73$93,838,236$29,242,473$20,439,189$50,553,965
74$103,319,242$30,584,860$21,033,408$54,542,338
75$113,764,461$31,990,174$21,644,683$58,892,110
76$125,272,151$33,461,408$22,273,495$63,638,275
77$137,950,593$35,001,699$22,920,340$68,819,318
78$151,919,107$36,614,336$23,585,725$74,477,561
79$167,309,182$38,302,766$24,270,173$80,659,558
80$184,265,717$40,070,599$24,974,222$87,416,518
81$202,948,385$41,921,623$25,698,423$94,804,776
82$223,533,143$43,859,805$26,443,343$102,886,316
83$246,213,893$45,889,305$27,209,565$111,729,333
84$271,204,311$48,014,482$27,997,686$121,408,874
85$298,739,865$50,239,906$28,808,323$132,007,522
86$329,080,035$52,570,366$29,642,106$143,616,164
87$362,510,768$55,010,883$30,499,685$156,334,831
88$399,347,169$57,566,719$31,381,727$170,273,628
89$439,936,482$60,243,390$32,288,917$185,553,750
90$484,661,366$63,046,679$33,221,959$202,308,613
91$533,943,507$65,982,648$34,181,576$220,685,088
92$588,247,596$69,057,649$35,168,510$240,844,873
93$648,085,720$72,278,343$36,183,525$262,965,991
94$714,022,195$75,651,713$37,227,404$287,244,454
95$786,678,890$79,185,078$38,300,953$313,896,086
96$866,741,100$82,886,110$39,404,999$343,158,537
97$954,964,016$86,762,853$40,540,390$375,293,502
98$1,052,179,852$90,823,739$41,707,999$410,589,161
99$1,159,305,702$95,077,609$42,908,723$449,362,873
100$1,277,352,200$99,533,728$44,143,481$491,964,142