Can I retire at age 51 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$933,143$924,831$916,722$908,807$901,078$886,880
2 years$461,952$453,349$445,011$436,926$429,085$414,818
3 years$304,909$296,268$287,951$279,943$272,229$258,336
4 years$226,403$217,789$209,555$201,683$194,156$180,745
5 years$179,311$170,749$162,623$154,912$147,594$134,704
6 years$147,927$139,429$131,424$123,884$116,786$104,431
7 years$125,519$117,093$109,214$101,852$94,979$83,162
8 years$108,720$100,370$92,622$85,441$78,794$67,514
9 years$95,662$87,390$79,775$72,777$66,356$55,607
10 years$85,221$77,030$69,550$62,734$56,538$46,312
11 years$76,684$68,575$61,231$54,598$48,625$38,911
12 years$69,575$61,550$54,341$47,890$42,137$32,923
13 years$63,564$55,623$48,550$42,279$36,745$28,017
14 years$58,417$50,560$43,622$37,531$32,210$23,954
15 years$53,959$46,187$39,385$33,471$28,360$20,561
16 years$50,063$42,376$35,708$29,970$25,065$17,707
17 years$46,629$39,027$32,493$26,927$22,224$15,292
18 years$43,580$36,062$29,662$24,267$19,761$13,237
19 years$40,855$33,422$27,154$21,927$17,613$11,481
20 years$38,405$31,057$24,921$19,859$15,732$9,975
21 years$36,192$28,929$22,922$18,024$14,079$8,680
22 years$34,182$27,004$21,126$16,388$12,620$7,562
23 years$32,350$25,256$19,506$14,925$11,328$6,596
24 years$30,673$23,664$18,040$13,612$10,182$5,758
25 years$29,133$22,207$16,709$12,431$9,162$5,031
26 years$27,714$20,871$15,497$11,367$8,253$4,399
27 years$26,402$19,642$14,390$10,404$7,441$3,849
28 years$25,185$18,509$13,377$9,532$6,714$3,369
29 years$24,055$17,461$12,449$8,741$6,063$2,951
30 years$23,002$16,490$11,596$8,022$5,478$2,586
31 years$22,019$15,588$10,810$7,368$4,953$2,266
32 years$21,099$14,750$10,086$6,771$4,480$1,987
33 years$20,237$13,968$9,417$6,227$4,054$1,743
34 years$19,427$13,239$8,799$5,729$3,671$1,529
35 years$18,665$12,557$8,227$5,274$3,325$1,341
36 years$17,947$11,918$7,696$4,857$3,012$1,177
37 years$17,269$11,320$7,203$4,475$2,730$1,033
38 years$16,629$10,758$6,745$4,125$2,475$907
39 years$16,023$10,229$6,320$3,803$2,245$796
40 years$15,449$9,732$5,923$3,508$2,036$699
41 years$14,904$9,264$5,554$3,237$1,847$614
42 years$14,387$8,823$5,210$2,987$1,676$539
43 years$13,894$8,407$4,889$2,757$1,521$473
44 years$13,426$8,013$4,589$2,546$1,381$416
45 years$12,980$7,641$4,309$2,351$1,253$365
46 years$12,554$7,290$4,047$2,172$1,138$321
47 years$12,148$6,956$3,802$2,007$1,033$282
48 years$11,759$6,641$3,573$1,854$938$248
49 years$11,388$6,342$3,358$1,714$852$218
50 years$11,033$6,058$3,157$1,584$774$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,300,000, adding $2,730 every year, while hoping to spend $37,011 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: 50/23/27 Blend
50$11,300,000$11,300,000$11,300,000$11,300,000
51$12,455,416$11,856,516$11,681,366$12,982,982
52$13,686,489$12,398,106$12,033,312$13,893,190
53$15,041,891$12,964,993$12,395,808$14,878,031
54$16,534,265$13,558,378$12,769,169$15,947,770
55$18,177,540$14,179,520$13,153,717$17,110,478
56$19,987,069$14,829,736$13,549,785$18,375,024
57$21,979,765$15,510,408$13,957,718$19,751,157
58$24,174,267$16,222,984$14,377,868$21,249,596
59$26,591,115$16,968,983$14,810,599$22,882,124
60$29,252,940$17,749,994$15,256,286$24,661,700
61$32,184,681$18,567,685$15,715,313$26,602,577
62$35,413,820$19,423,804$16,188,077$28,720,428
63$38,970,640$20,320,180$16,674,988$31,032,495
64$42,888,511$21,258,734$17,176,465$33,557,745
65$47,204,204$22,241,478$17,692,942$36,317,048
66$51,958,242$23,270,519$18,224,865$39,333,362
67$57,195,277$24,348,069$18,772,692$42,631,954
68$62,964,514$25,476,443$19,336,896$46,240,626
69$69,320,176$26,658,070$19,917,964$50,189,976
70$76,322,014$27,895,496$20,516,396$54,513,682
71$84,035,872$29,191,387$21,132,707$59,248,810
72$92,534,306$30,548,541$21,767,428$64,436,163
73$101,897,275$31,969,889$22,421,107$70,120,658
74$112,212,887$33,458,503$23,094,304$76,351,740
75$123,578,238$35,017,606$23,787,599$83,183,849
76$136,100,323$36,650,573$24,501,588$90,676,919
77$149,897,049$38,360,945$25,236,885$98,896,943
78$165,098,348$40,152,431$25,994,120$107,916,586
79$181,847,401$42,028,921$26,773,945$117,815,859
80$200,301,991$43,994,494$27,577,028$128,682,873
81$220,635,994$46,053,424$28,404,058$140,614,656
82$243,041,016$48,210,192$29,255,744$153,718,063
83$267,728,204$50,469,497$30,132,817$168,110,773
84$294,930,242$52,836,263$31,036,027$183,922,393
85$324,903,541$55,315,654$31,966,148$201,295,668
86$357,930,665$57,913,084$32,923,976$220,387,818
87$394,322,994$60,634,226$33,910,331$241,372,013
88$434,423,668$63,485,032$34,926,056$264,438,993
89$478,610,823$66,471,739$35,972,019$289,798,859
90$527,301,159$69,600,887$37,049,114$317,683,041
91$580,953,879$72,879,331$38,158,261$348,346,469
92$640,075,018$76,314,262$39,300,406$382,069,969
93$705,222,224$79,913,215$40,476,524$419,162,894
94$777,010,021$83,684,093$41,687,618$459,966,036
95$856,115,611$87,635,181$42,934,720$504,854,817
96$943,285,263$91,775,165$44,218,893$554,242,828
97$1,039,341,364$96,113,153$45,541,231$608,585,704
98$1,145,190,180$100,658,693$46,902,858$668,385,416
99$1,261,830,408$105,421,799$48,304,934$734,194,987
100$1,390,362,611$110,412,969$49,748,651$806,623,692