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

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$891,854$883,910$876,159$868,594$861,207$841,413
2 years$441,512$433,289$425,320$417,593$410,099$390,266
3 years$291,417$283,159$275,210$267,556$260,183$240,931
4 years$216,385$208,152$200,283$192,759$185,565$167,042
5 years$171,377$163,194$155,427$148,057$141,064$123,321
6 years$141,382$133,260$125,608$118,403$111,619$94,676
7 years$119,965$111,911$104,381$97,345$90,776$74,635
8 years$103,910$95,929$88,524$81,661$75,307$59,962
9 years$91,429$83,523$76,245$69,557$63,420$48,858
10 years$81,450$73,622$66,472$59,959$54,037$40,244
11 years$73,291$65,541$58,521$52,182$46,473$33,430
12 years$66,496$58,826$51,936$45,771$40,273$27,957
13 years$60,752$53,162$46,401$40,409$35,119$23,509
14 years$55,832$48,322$41,692$35,870$30,785$19,857
15 years$51,572$44,143$37,642$31,990$27,105$16,833
16 years$47,848$40,501$34,128$28,644$23,956$14,314
17 years$44,566$37,300$31,055$25,736$21,241$12,203
18 years$41,651$34,467$28,349$23,193$18,886$10,425
19 years$39,047$31,943$25,953$20,957$16,834$8,923
20 years$36,706$29,683$23,818$18,981$15,036$7,648
21 years$34,590$27,649$21,908$17,226$13,456$6,565
22 years$32,670$25,809$20,192$15,663$12,061$5,641
23 years$30,919$24,139$18,643$14,264$10,827$4,851
24 years$29,316$22,616$17,242$13,010$9,731$4,176
25 years$27,844$21,224$15,970$11,881$8,757$3,597
26 years$26,487$19,948$14,811$10,864$7,888$3,100
27 years$25,233$18,773$13,753$9,944$7,112$2,673
28 years$24,071$17,690$12,785$9,111$6,417$2,306
29 years$22,991$16,688$11,898$8,355$5,794$1,990
30 years$21,984$15,760$11,082$7,667$5,235$1,718
31 years$21,044$14,899$10,332$7,042$4,733$1,484
32 years$20,165$14,097$9,640$6,472$4,282$1,281
33 years$19,341$13,350$9,001$5,951$3,875$1,107
34 years$18,567$12,653$8,410$5,476$3,508$957
35 years$17,839$12,001$7,863$5,041$3,178$827
36 years$17,153$11,391$7,355$4,642$2,879$715
37 years$16,505$10,819$6,884$4,277$2,609$618
38 years$15,893$10,282$6,447$3,942$2,366$534
39 years$15,314$9,777$6,040$3,635$2,145$462
40 years$14,765$9,302$5,661$3,353$1,946$399
41 years$14,245$8,854$5,309$3,093$1,765$345
42 years$13,750$8,433$4,980$2,855$1,602$298
43 years$13,280$8,035$4,673$2,635$1,454$258
44 years$12,832$7,659$4,386$2,433$1,320$223
45 years$12,405$7,303$4,118$2,247$1,198$193
46 years$11,998$6,967$3,868$2,076$1,088$167
47 years$11,610$6,649$3,634$1,918$988$144
48 years$11,239$6,347$3,415$1,772$897$125
49 years$10,884$6,061$3,210$1,638$815$108
50 years$10,545$5,790$3,018$1,514$740$93

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 $6,924 every year, while hoping to spend $30,732 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: 29/45/26 Blend
50$10,800,000$10,800,000$10,800,000$10,800,000
51$11,908,742$11,336,342$11,168,942$12,157,892
52$13,090,735$11,859,124$11,510,403$12,876,570
53$14,392,262$12,406,493$11,862,273$13,645,510
54$15,825,481$12,979,620$12,224,868$14,471,580
55$17,403,793$13,579,734$12,598,514$15,359,730
56$19,141,963$14,208,124$12,983,547$16,315,376
57$21,056,259$14,866,138$13,380,312$17,344,448
58$23,164,612$15,555,193$13,789,166$18,453,439
59$25,486,775$16,276,770$14,210,477$19,649,462
60$28,044,520$17,032,425$14,644,621$20,940,309
61$30,861,834$17,823,788$15,091,989$22,334,520
62$33,965,153$18,652,565$15,552,982$23,841,459
63$37,383,605$19,520,548$16,028,014$25,471,390
64$41,149,291$20,429,613$16,517,511$27,235,572
65$45,297,583$21,381,728$17,021,912$29,146,357
66$49,867,459$22,378,955$17,541,668$31,217,295
67$54,901,872$23,423,456$18,077,246$33,463,261
68$60,448,155$24,517,497$18,629,126$35,900,579
69$66,558,467$25,663,455$19,197,802$38,547,173
70$73,290,286$26,863,820$19,783,784$41,422,725
71$80,706,951$28,121,202$20,387,596$44,548,849
72$88,878,258$29,438,340$21,009,779$47,949,289
73$97,881,124$30,818,102$21,650,890$51,650,130
74$107,800,306$32,263,497$22,311,503$55,680,033
75$118,729,208$33,777,678$22,992,208$60,070,496
76$130,770,755$35,363,952$23,693,615$64,856,136
77$144,038,371$37,025,785$24,416,351$70,075,006
78$158,657,048$38,766,812$25,161,062$75,768,941
79$174,764,524$40,590,842$25,928,413$81,983,936
80$192,512,582$42,501,870$26,719,092$88,770,568
81$212,068,487$44,504,084$27,533,804$96,184,458
82$233,616,563$46,601,874$28,373,276$104,286,781
83$257,359,931$48,799,844$29,238,259$113,144,826
84$283,522,428$51,102,821$30,129,526$122,832,612
85$312,350,722$53,515,865$31,047,870$133,431,572
86$344,116,635$56,044,282$31,994,114$145,031,299
87$379,119,714$58,693,634$32,969,099$157,730,377
88$417,690,058$61,469,756$33,973,697$171,637,285
89$460,191,431$64,378,761$35,008,803$186,871,403
90$507,024,700$67,427,063$36,075,340$203,564,115
91$558,631,614$70,621,384$37,174,260$221,860,024
92$615,498,982$73,968,774$38,306,540$241,918,297
93$678,163,259$77,476,626$39,473,190$263,914,133
94$747,215,619$81,152,688$40,675,250$288,040,399
95$823,307,531$85,005,089$41,913,790$314,509,415
96$907,156,910$89,042,348$43,189,912$343,554,930
97$999,554,893$93,273,402$44,504,753$375,434,300
98$1,101,373,312$97,707,618$45,859,482$410,430,883
99$1,213,572,920$102,354,822$47,255,304$448,856,676
100$1,337,212,463$107,225,313$48,693,462$491,055,231