Can I retire at age 51 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$875,338$867,541$859,934$852,509$845,259$840,284
2 years$433,336$425,265$417,444$409,860$402,504$397,485
3 years$286,021$277,916$270,114$262,601$255,365$250,458
4 years$212,378$204,297$196,574$189,189$182,129$177,370
5 years$168,204$160,172$152,549$145,316$138,451$133,856
6 years$138,764$130,792$123,282$116,210$109,552$105,125
7 years$117,743$109,839$102,448$95,543$89,095$84,839
8 years$101,985$94,152$86,884$80,148$73,913$69,829
9 years$89,736$81,977$74,833$68,269$62,245$58,332
10 years$79,942$72,258$65,241$58,848$53,036$49,291
11 years$71,933$64,327$57,438$51,216$45,613$42,033
12 years$65,265$57,737$50,974$44,923$39,527$36,110
13 years$59,627$52,177$45,542$39,660$34,468$31,211
14 years$54,798$47,428$40,920$35,206$30,215$27,113
15 years$50,617$43,326$36,945$31,398$26,603$23,653
16 years$46,962$39,751$33,496$28,113$23,512$20,710
17 years$43,741$36,609$30,480$25,259$20,848$18,188
18 years$40,880$33,828$27,824$22,764$18,537$16,015
19 years$38,324$31,352$25,472$20,569$16,522$14,135
20 years$36,026$29,134$23,377$18,629$14,758$12,499
21 years$33,950$27,137$21,502$16,907$13,207$11,073
22 years$32,065$25,331$19,818$15,373$11,838$9,823
23 years$30,346$23,692$18,298$14,000$10,626$8,726
24 years$28,773$22,198$16,923$12,769$9,551$7,761
25 years$27,328$20,831$15,674$11,661$8,595$6,910
26 years$25,997$19,578$14,537$10,662$7,742$6,157
27 years$24,766$18,425$13,499$9,760$6,980$5,491
28 years$23,625$17,362$12,549$8,942$6,298$4,900
29 years$22,565$16,379$11,678$8,200$5,687$4,376
30 years$21,577$15,468$10,877$7,525$5,139$3,910
31 years$20,655$14,623$10,141$6,912$4,646$3,495
32 years$19,792$13,836$9,461$6,352$4,202$3,126
33 years$18,983$13,103$8,834$5,841$3,803$2,797
34 years$18,223$12,419$8,254$5,374$3,443$2,503
35 years$17,509$11,779$7,717$4,947$3,119$2,241
36 years$16,835$11,180$7,219$4,556$2,826$2,007
37 years$16,200$10,618$6,757$4,198$2,561$1,797
38 years$15,599$10,091$6,328$3,869$2,322$1,610
39 years$15,031$9,596$5,928$3,568$2,106$1,443
40 years$14,492$9,130$5,556$3,291$1,910$1,293
41 years$13,981$8,690$5,210$3,036$1,733$1,159
42 years$13,495$8,277$4,887$2,802$1,572$1,040
43 years$13,034$7,886$4,586$2,587$1,427$932
44 years$12,594$7,517$4,305$2,388$1,295$836
45 years$12,176$7,168$4,042$2,206$1,176$750
46 years$11,776$6,838$3,796$2,037$1,068$672
47 years$11,395$6,526$3,567$1,882$969$603
48 years$11,031$6,230$3,352$1,739$880$541
49 years$10,683$5,949$3,150$1,607$800$485
50 years$10,349$5,683$2,962$1,486$726$436

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,600,000, adding $6,009 every year, while hoping to spend $57,991 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: 66/23/11 Blend
50$10,600,000$10,600,000$10,600,000$10,600,000
51$11,687,398$11,125,598$10,961,298$12,430,377
52$12,817,811$11,609,051$11,266,800$13,409,509
53$14,061,582$12,114,249$11,580,592$14,471,851
54$15,430,213$12,642,196$11,902,891$15,631,467
55$16,936,376$13,193,945$12,233,920$16,897,853
56$18,594,035$13,770,597$12,573,905$18,281,457
57$20,418,575$14,373,305$12,923,079$19,793,773
58$22,426,948$15,003,275$13,281,680$21,447,451
59$24,637,834$15,661,773$13,649,954$23,256,408
60$27,071,816$16,350,122$14,028,150$25,235,963
61$29,751,572$17,069,710$14,416,524$27,402,976
62$32,702,095$17,821,988$14,815,340$29,776,003
63$35,950,920$18,608,477$15,224,866$32,375,470
64$39,528,392$19,430,770$15,645,377$35,223,862
65$43,467,946$20,290,536$16,077,155$38,345,933
66$47,806,426$21,189,522$16,520,489$41,768,934
67$52,584,431$22,129,557$16,975,674$45,522,869
68$57,846,696$23,112,559$17,443,013$49,640,774
69$63,642,521$24,140,536$17,922,816$54,159,022
70$70,026,227$25,215,591$18,415,399$59,117,667
71$77,057,674$26,339,927$18,921,086$64,560,817
72$84,802,825$27,515,852$19,440,211$70,537,040
73$93,334,367$28,745,783$19,973,112$77,099,827
74$102,732,399$30,032,252$20,520,138$84,308,085
75$113,085,185$31,377,914$21,081,643$92,226,692
76$124,489,988$32,785,546$21,657,993$100,927,102
77$137,053,990$34,258,061$22,249,559$110,488,014
78$150,895,300$35,798,509$22,856,722$120,996,112
79$166,144,070$37,410,085$23,479,872$132,546,874
80$182,943,724$39,096,139$24,119,407$145,245,467
81$201,452,311$40,860,177$24,775,734$159,207,738
82$221,843,997$42,705,876$25,449,271$174,561,295
83$244,310,706$44,637,085$26,140,444$191,446,706
84$269,063,937$46,657,841$26,849,687$210,018,822
85$296,336,753$48,772,369$27,577,446$230,448,226
86$326,385,988$50,985,101$28,324,176$252,922,838
87$359,494,665$53,300,678$29,090,343$277,649,681
88$395,974,673$55,723,964$29,876,422$304,856,826
89$436,169,706$58,260,054$30,682,898$334,795,532
90$480,458,509$60,914,289$31,510,268$367,742,615
91$529,258,453$63,692,266$32,359,038$404,003,045
92$583,029,478$66,599,849$33,229,728$443,912,819
93$642,278,426$69,643,184$34,122,866$487,842,119
94$707,563,836$72,828,710$35,038,992$536,198,795
95$779,501,207$76,163,176$35,978,658$589,432,205
96$858,768,814$79,653,656$36,942,427$648,037,442
97$946,114,110$83,307,562$37,930,875$712,559,998
98$1,042,360,778$87,132,662$38,944,589$783,600,896
99$1,148,416,512$91,137,097$39,984,167$861,822,353
100$1,265,281,581$95,329,399$41,050,222$947,954,014