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

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 $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%11.7%
1 years$875,338$867,541$859,934$852,509$845,259$839,229
2 years$433,336$425,265$417,444$409,860$402,504$396,424
3 years$286,021$277,916$270,114$262,601$255,365$249,422
4 years$212,378$204,297$196,574$189,189$182,129$176,369
5 years$168,204$160,172$152,549$145,316$138,451$132,893
6 years$138,764$130,792$123,282$116,210$109,552$104,201
7 years$117,743$109,839$102,448$95,543$89,095$83,954
8 years$101,985$94,152$86,884$80,148$73,913$68,982
9 years$89,736$81,977$74,833$68,269$62,245$57,524
10 years$79,942$72,258$65,241$58,848$53,036$48,521
11 years$71,933$64,327$57,438$51,216$45,613$41,301
12 years$65,265$57,737$50,974$44,923$39,527$35,415
13 years$59,627$52,177$45,542$39,660$34,468$30,551
14 years$54,798$47,428$40,920$35,206$30,215$26,488
15 years$50,617$43,326$36,945$31,398$26,603$23,062
16 years$46,962$39,751$33,496$28,113$23,512$20,150
17 years$43,741$36,609$30,480$25,259$20,848$17,660
18 years$40,880$33,828$27,824$22,764$18,537$15,518
19 years$38,324$31,352$25,472$20,569$16,522$13,666
20 years$36,026$29,134$23,377$18,629$14,758$12,059
21 years$33,950$27,137$21,502$16,907$13,207$10,659
22 years$32,065$25,331$19,818$15,373$11,838$9,435
23 years$30,346$23,692$18,298$14,000$10,626$8,363
24 years$28,773$22,198$16,923$12,769$9,551$7,420
25 years$27,328$20,831$15,674$11,661$8,595$6,591
26 years$25,997$19,578$14,537$10,662$7,742$5,859
27 years$24,766$18,425$13,499$9,760$6,980$5,213
28 years$23,625$17,362$12,549$8,942$6,298$4,641
29 years$22,565$16,379$11,678$8,200$5,687$4,135
30 years$21,577$15,468$10,877$7,525$5,139$3,685
31 years$20,655$14,623$10,141$6,912$4,646$3,286
32 years$19,792$13,836$9,461$6,352$4,202$2,932
33 years$18,983$13,103$8,834$5,841$3,803$2,617
34 years$18,223$12,419$8,254$5,374$3,443$2,336
35 years$17,509$11,779$7,717$4,947$3,119$2,086
36 years$16,835$11,180$7,219$4,556$2,826$1,863
37 years$16,200$10,618$6,757$4,198$2,561$1,665
38 years$15,599$10,091$6,328$3,869$2,322$1,488
39 years$15,031$9,596$5,928$3,568$2,106$1,330
40 years$14,492$9,130$5,556$3,291$1,910$1,189
41 years$13,981$8,690$5,210$3,036$1,733$1,063
42 years$13,495$8,277$4,887$2,802$1,572$951
43 years$13,034$7,886$4,586$2,587$1,427$850
44 years$12,594$7,517$4,305$2,388$1,295$760
45 years$12,176$7,168$4,042$2,206$1,176$680
46 years$11,776$6,838$3,796$2,037$1,068$609
47 years$11,395$6,526$3,567$1,882$969$544
48 years$11,031$6,230$3,352$1,739$880$487
49 years$10,683$5,949$3,150$1,607$800$436
50 years$10,349$5,683$2,962$1,486$726$390

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 $5,740 every year, while hoping to spend $37,080 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: 44/38/18 Blend
50$10,600,000$10,600,000$10,600,000$10,600,000
51$11,687,121$11,125,321$10,961,021$12,140,294
52$12,839,754$11,631,009$11,288,762$12,964,884
53$14,108,714$12,160,233$11,626,240$13,854,004
54$15,505,825$12,714,106$11,973,742$14,816,955
55$17,044,119$13,293,798$12,331,562$15,860,577
56$18,737,956$13,900,530$12,700,006$16,992,377
57$20,603,157$14,535,586$13,079,385$18,220,595
58$22,657,157$15,200,307$13,470,023$19,554,281
59$24,919,168$15,896,104$13,872,250$21,003,374
60$27,410,360$16,624,450$14,286,407$22,578,789
61$30,154,061$17,386,892$14,712,846$24,292,521
62$33,175,977$18,185,051$15,151,928$26,157,747
63$36,504,433$19,020,626$15,604,024$28,188,946
64$40,170,644$19,895,395$16,069,518$30,402,037
65$44,209,005$20,811,225$16,548,803$32,814,512
66$48,657,420$21,770,071$17,042,283$35,445,606
67$53,557,654$22,773,982$17,550,377$38,316,464
68$58,955,733$23,825,105$18,073,513$41,450,340
69$64,902,375$24,925,692$18,612,133$44,872,806
70$71,453,469$26,078,103$19,166,691$48,611,985
71$78,670,602$27,284,810$19,737,655$52,698,813
72$86,621,643$28,548,405$20,325,506$57,167,322
73$95,381,379$29,871,605$20,930,739$62,054,949
74$105,032,225$31,257,259$21,553,863$67,402,886
75$115,664,998$32,708,350$22,195,404$73,256,456
76$127,379,778$34,228,010$22,855,900$79,665,533
77$140,286,849$35,819,516$23,535,906$86,685,004
78$154,507,743$37,486,308$24,235,995$94,375,272
79$170,176,384$39,231,989$24,956,752$102,802,823
80$187,440,356$41,060,337$25,698,784$112,040,833
81$206,462,292$42,975,313$26,462,713$122,169,857
82$227,421,410$44,981,067$27,249,178$133,278,566
83$250,515,207$47,081,953$28,058,838$145,464,582
84$275,961,321$49,282,531$28,892,372$158,835,376
85$303,999,586$51,587,585$29,750,477$173,509,277
86$334,894,295$54,002,128$30,633,869$189,616,567
87$368,936,697$56,531,417$31,543,288$207,300,699
88$406,447,745$59,180,961$32,479,493$226,719,635
89$447,781,124$61,956,537$33,443,265$248,047,319
90$493,326,592$64,864,201$34,435,408$271,475,299
91$543,513,660$67,910,302$35,456,750$297,214,522
92$598,815,643$71,101,496$36,508,140$325,497,301
93$659,754,131$74,444,762$37,590,456$356,579,490
94$726,903,913$77,947,416$38,704,596$390,742,876
95$800,898,401$81,617,128$39,851,489$428,297,818
96$882,435,610$85,461,940$41,032,086$469,586,153
97$972,284,750$89,490,283$42,247,369$514,984,400
98$1,071,293,485$93,710,997$43,498,347$564,907,285
99$1,180,395,935$98,133,351$44,786,056$619,811,632
100$1,300,621,497$102,767,061$46,111,565$680,200,647