Can I retire at age 51 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$891,854$883,910$876,159$868,594$861,207$828,019
2 years$441,512$433,289$425,320$417,593$410,099$377,058
3 years$291,417$283,159$275,210$267,556$260,183$228,330
4 years$216,385$208,152$200,283$192,759$185,565$155,141
5 years$171,377$163,194$155,427$148,057$141,064$112,148
6 years$141,382$133,260$125,608$118,403$111,619$84,230
7 years$119,965$111,911$104,381$97,345$90,776$64,906
8 years$103,910$95,929$88,524$81,661$75,307$50,931
9 years$91,429$83,523$76,245$69,557$63,420$40,502
10 years$81,450$73,622$66,472$59,959$54,037$32,534
11 years$73,291$65,541$58,521$52,182$46,473$26,337
12 years$66,496$58,826$51,936$45,771$40,273$21,450
13 years$60,752$53,162$46,401$40,409$35,119$17,555
14 years$55,832$48,322$41,692$35,870$30,785$14,422
15 years$51,572$44,143$37,642$31,990$27,105$11,886
16 years$47,848$40,501$34,128$28,644$23,956$9,820
17 years$44,566$37,300$31,055$25,736$21,241$8,130
18 years$41,651$34,467$28,349$23,193$18,886$6,742
19 years$39,047$31,943$25,953$20,957$16,834$5,599
20 years$36,706$29,683$23,818$18,981$15,036$4,655
21 years$34,590$27,649$21,908$17,226$13,456$3,874
22 years$32,670$25,809$20,192$15,663$12,061$3,227
23 years$30,919$24,139$18,643$14,264$10,827$2,689
24 years$29,316$22,616$17,242$13,010$9,731$2,242
25 years$27,844$21,224$15,970$11,881$8,757$1,871
26 years$26,487$19,948$14,811$10,864$7,888$1,561
27 years$25,233$18,773$13,753$9,944$7,112$1,303
28 years$24,071$17,690$12,785$9,111$6,417$1,088
29 years$22,991$16,688$11,898$8,355$5,794$909
30 years$21,984$15,760$11,082$7,667$5,235$759
31 years$21,044$14,899$10,332$7,042$4,733$634
32 years$20,165$14,097$9,640$6,472$4,282$530
33 years$19,341$13,350$9,001$5,951$3,875$443
34 years$18,567$12,653$8,410$5,476$3,508$370
35 years$17,839$12,001$7,863$5,041$3,178$309
36 years$17,153$11,391$7,355$4,642$2,879$259
37 years$16,505$10,819$6,884$4,277$2,609$216
38 years$15,893$10,282$6,447$3,942$2,366$181
39 years$15,314$9,777$6,040$3,635$2,145$151
40 years$14,765$9,302$5,661$3,353$1,946$126
41 years$14,245$8,854$5,309$3,093$1,765$106
42 years$13,750$8,433$4,980$2,855$1,602$88
43 years$13,280$8,035$4,673$2,635$1,454$74
44 years$12,832$7,659$4,386$2,433$1,320$62
45 years$12,405$7,303$4,118$2,247$1,198$52
46 years$11,998$6,967$3,868$2,076$1,088$43
47 years$11,610$6,649$3,634$1,918$988$36
48 years$11,239$6,347$3,415$1,772$897$30
49 years$10,884$6,061$3,210$1,638$815$25
50 years$10,545$5,790$3,018$1,514$740$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,800,000, adding $6,148 every year, while hoping to spend $57,595 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: 74/11/15 Blend
50$10,800,000$10,800,000$10,800,000$10,800,000
51$11,907,942$11,335,542$11,168,142$12,749,493
52$13,061,271$11,829,703$11,480,994$13,801,339
53$14,330,310$12,346,147$11,802,396$14,945,799
54$15,726,799$12,885,906$12,132,574$16,198,248
55$17,263,677$13,450,060$12,471,759$17,569,397
56$18,955,197$14,039,738$12,820,189$19,071,038
57$20,817,068$14,656,125$13,178,105$20,716,155
58$22,866,594$15,300,461$13,545,758$22,519,042
59$25,122,848$15,974,045$13,923,402$24,495,440
60$27,606,841$16,678,236$14,311,298$26,662,683
61$30,341,727$17,414,458$14,709,715$29,039,858
62$33,353,020$18,184,203$15,118,927$31,647,985
63$36,668,833$18,989,033$15,539,216$34,510,215
64$40,320,143$19,830,585$15,970,869$37,652,042
65$44,341,086$20,710,572$16,414,182$41,101,548
66$48,769,277$21,630,790$16,869,456$44,889,660
67$53,646,163$22,593,119$17,337,003$49,050,443
68$59,017,417$23,599,527$17,817,139$53,621,420
69$64,933,369$24,652,080$18,310,188$58,643,922
70$71,449,478$25,752,937$18,816,484$64,163,476
71$78,626,856$26,904,362$19,336,368$70,230,232
72$86,532,847$28,108,727$19,870,188$76,899,435
73$95,241,660$29,368,517$20,418,302$84,231,945
74$104,835,069$30,686,334$20,981,075$92,294,803
75$115,403,187$32,064,906$21,558,882$101,161,868
76$127,045,313$33,507,088$22,152,106$110,914,505
77$139,870,873$35,015,873$22,761,139$121,642,356
78$154,000,448$36,594,397$23,386,384$133,444,177
79$169,566,917$38,245,946$24,028,251$146,428,770
80$186,716,706$39,973,960$24,687,160$160,716,006
81$205,611,174$41,782,048$25,363,544$176,437,953
82$226,428,131$43,673,986$26,057,840$193,740,117
83$249,363,524$45,653,735$26,770,502$212,782,815
84$274,633,279$47,725,443$27,501,988$233,742,681
85$302,475,341$49,893,457$28,252,772$256,814,331
86$333,151,921$52,162,332$29,023,336$282,212,192
87$366,951,971$54,536,840$29,814,172$310,172,527
88$404,193,911$57,021,985$30,625,785$340,955,656
89$445,228,633$59,623,005$31,458,693$374,848,411
90$490,442,816$62,345,394$32,313,421$412,166,835
91$540,262,572$65,194,908$33,190,510$453,259,165
92$595,157,473$68,177,577$34,090,510$498,509,108
93$655,644,980$71,299,723$35,013,987$548,339,460
94$722,295,328$74,567,969$35,961,515$603,216,090
95$795,736,910$77,989,258$36,933,685$663,652,335
96$876,662,208$81,570,866$37,931,097$730,213,832
97$965,834,332$85,320,416$38,954,366$803,523,856
98$1,064,094,217$89,245,900$40,004,122$884,269,197
99$1,172,368,572$93,355,694$41,081,004$973,206,632
100$1,291,678,619$97,658,575$42,185,670$1,071,170,061