Can I retire at age 51 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$883,596$875,725$868,047$860,552$853,233$825,260
2 years$437,424$429,277$421,382$413,727$406,301$378,386
3 years$288,719$280,537$272,662$265,079$257,774$230,793
4 years$214,381$206,225$198,428$190,974$183,847$158,006
5 years$169,790$161,683$153,988$146,687$139,757$115,126
6 years$140,073$132,026$124,445$117,306$110,585$87,183
7 years$118,854$110,875$103,415$96,444$89,935$67,760
8 years$102,948$95,041$87,704$80,905$74,610$53,646
9 years$90,582$82,750$75,539$68,913$62,833$43,054
10 years$80,696$72,940$65,857$59,403$53,536$34,913
11 years$72,612$64,934$57,979$51,699$46,043$28,540
12 years$65,881$58,281$51,455$45,347$39,900$23,479
13 years$60,189$52,669$45,972$40,034$34,794$19,413
14 years$55,315$47,875$41,306$35,538$30,500$16,116
15 years$51,094$43,735$37,294$31,694$26,854$13,424
16 years$47,405$40,126$33,812$28,378$23,734$11,213
17 years$44,153$36,954$30,768$25,498$21,044$9,386
18 years$41,266$34,147$28,087$22,979$18,712$7,872
19 years$38,685$31,648$25,712$20,763$16,678$6,612
20 years$36,366$29,408$23,597$18,805$14,897$5,561
21 years$34,270$27,393$21,705$17,067$13,331$4,682
22 years$32,367$25,570$20,005$15,518$11,950$3,945
23 years$30,633$23,915$18,471$14,132$10,727$3,327
24 years$29,045$22,407$17,082$12,889$9,641$2,808
25 years$27,586$21,028$15,822$11,771$8,676$2,371
26 years$26,242$19,763$14,674$10,763$7,815$2,002
27 years$25,000$18,599$13,626$9,852$7,046$1,692
28 years$23,848$17,526$12,667$9,026$6,357$1,430
29 years$22,778$16,534$11,788$8,277$5,741$1,209
30 years$21,781$15,614$10,980$7,596$5,187$1,023
31 years$20,850$14,761$10,236$6,977$4,690$865
32 years$19,979$13,967$9,551$6,412$4,242$732
33 years$19,162$13,227$8,917$5,896$3,839$619
34 years$18,395$12,536$8,332$5,425$3,476$524
35 years$17,674$11,890$7,790$4,994$3,148$443
36 years$16,994$11,285$7,287$4,599$2,852$375
37 years$16,353$10,718$6,821$4,238$2,585$318
38 years$15,746$10,186$6,387$3,906$2,344$269
39 years$15,172$9,686$5,984$3,602$2,125$228
40 years$14,629$9,216$5,609$3,322$1,928$193
41 years$14,113$8,772$5,259$3,065$1,749$163
42 years$13,623$8,355$4,933$2,828$1,587$138
43 years$13,157$7,960$4,629$2,611$1,440$117
44 years$12,713$7,588$4,345$2,411$1,307$99
45 years$12,290$7,236$4,080$2,226$1,187$84
46 years$11,887$6,903$3,832$2,057$1,078$71
47 years$11,503$6,587$3,600$1,900$979$60
48 years$11,135$6,288$3,383$1,756$889$51
49 years$10,783$6,005$3,180$1,623$807$43
50 years$10,447$5,736$2,990$1,500$733$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,700,000, adding $4,114 every year, while hoping to spend $22,128 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: 64/31/5 Blend
50$10,700,000$10,700,000$10,700,000$10,700,000
51$11,795,644$11,228,544$11,062,694$12,541,958
52$12,975,255$11,755,198$11,409,750$13,565,394
53$14,274,446$12,306,917$11,767,691$14,679,658
54$15,705,388$12,884,906$12,136,858$15,895,969
55$17,281,498$13,490,426$12,517,603$17,224,217
56$19,017,557$14,124,803$12,910,289$18,675,276
57$20,929,855$14,789,425$13,315,290$20,261,107
58$23,036,341$15,485,748$13,732,993$21,994,863
59$25,356,795$16,215,297$14,163,796$23,891,010
60$27,913,014$16,979,672$14,608,109$25,965,463
61$30,729,017$17,780,552$15,066,356$28,235,729
62$33,831,271$18,619,694$15,538,974$30,721,071
63$37,248,945$19,498,942$16,026,413$33,442,682
64$41,014,178$20,420,231$16,529,138$36,423,883
65$45,162,388$21,385,587$17,047,629$39,690,339
66$49,732,606$22,397,135$17,582,379$43,270,292
67$54,767,842$23,457,105$18,133,898$47,194,828
68$60,315,490$24,567,831$18,702,713$51,498,162
69$66,427,781$25,731,766$19,289,364$56,217,953
70$73,162,269$26,951,476$19,894,412$61,395,659
71$80,582,378$28,229,657$20,518,433$67,076,918
72$88,758,002$29,569,131$21,162,021$73,311,973
73$97,766,160$30,972,860$21,825,791$80,156,139
74$107,691,728$32,443,950$22,510,375$87,670,320
75$118,628,237$33,985,656$23,216,424$95,921,574
76$130,678,755$35,601,392$23,944,613$104,983,738
77$143,956,866$37,294,737$24,695,635$114,938,121
78$158,587,734$39,069,447$25,470,206$125,874,255
79$174,709,289$40,929,456$26,269,064$137,890,739
80$192,473,529$42,878,892$27,092,971$151,096,155
81$212,047,954$44,922,083$27,942,711$165,610,087
82$233,617,148$47,063,567$28,819,094$181,564,234
83$257,384,518$49,308,104$29,722,955$199,103,648
84$283,574,221$51,660,683$30,655,156$218,388,087
85$312,433,273$54,126,538$31,616,585$239,593,517
86$344,233,885$56,711,156$32,608,159$262,913,753
87$379,276,030$59,420,291$33,630,820$288,562,282
88$417,890,277$62,259,978$34,685,546$316,774,259
89$460,440,913$65,236,544$35,773,339$347,808,719
90$507,329,377$68,356,626$36,895,237$381,951,001
91$558,998,055$71,627,182$38,052,309$419,515,428
92$615,934,452$75,055,509$39,245,656$460,848,258
93$678,675,797$78,649,260$40,476,417$506,330,936
94$747,814,114$82,416,460$41,745,763$556,383,674
95$824,001,812$86,365,524$43,054,903$611,469,404
96$907,957,840$90,505,278$44,405,086$672,098,120
97$1,000,474,480$94,844,977$45,797,597$738,831,679
98$1,102,424,823$99,394,327$47,233,762$812,289,079
99$1,214,771,012$104,163,506$48,714,950$893,152,283
100$1,338,573,326$109,163,189$50,242,572$982,172,628