Can I retire at age 51 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$966,175$957,569$949,172$940,977$932,974$928,262
2 years$478,304$469,397$460,763$452,393$444,274$439,518
3 years$315,702$306,756$298,144$289,852$281,865$277,214
4 years$234,417$225,498$216,973$208,822$201,029$196,517
5 years$185,659$176,793$168,380$160,396$152,819$148,460
6 years$153,164$144,365$136,076$128,270$120,920$116,720
7 years$129,962$121,237$113,080$105,458$98,341$94,301
8 years$112,569$103,923$95,901$88,466$81,583$77,704
9 years$99,048$90,484$82,599$75,353$68,705$64,986
10 years$88,237$79,757$72,012$64,955$58,540$54,979
11 years$79,398$71,003$63,398$56,530$50,346$46,941
12 years$72,038$63,728$56,264$49,585$43,629$40,377
13 years$65,814$57,592$50,268$43,776$38,045$34,944
14 years$60,484$52,349$45,166$38,859$33,350$30,395
15 years$55,870$47,822$40,779$34,656$29,364$26,552
16 years$51,835$43,876$36,972$31,030$25,952$23,279
17 years$48,280$40,408$33,643$27,881$23,011$20,473
18 years$45,122$37,339$30,712$25,126$20,460$18,052
19 years$42,301$34,605$28,115$22,704$18,237$15,955
20 years$39,765$32,157$25,803$20,562$16,289$14,130
21 years$37,473$29,953$23,734$18,662$14,577$12,535
22 years$35,392$27,960$21,874$16,968$13,066$11,137
23 years$33,495$26,150$20,197$15,453$11,729$9,909
24 years$31,759$24,501$18,679$14,094$10,542$8,826
25 years$30,164$22,993$17,300$12,871$9,487$7,870
26 years$28,695$21,610$16,045$11,769$8,545$7,024
27 years$27,336$20,337$14,899$10,772$7,704$6,273
28 years$26,077$19,164$13,851$9,870$6,952$5,607
29 years$24,906$18,079$12,889$9,051$6,277$5,015
30 years$23,816$17,074$12,006$8,306$5,672$4,489
31 years$22,798$16,140$11,193$7,629$5,128$4,019
32 years$21,846$15,272$10,443$7,011$4,638$3,600
33 years$20,953$14,463$9,751$6,447$4,198$3,226
34 years$20,114$13,707$9,111$5,932$3,801$2,892
35 years$19,326$13,001$8,518$5,461$3,442$2,594
36 years$18,582$12,340$7,968$5,029$3,119$2,327
37 years$17,881$11,720$7,458$4,634$2,827$2,088
38 years$17,218$11,138$6,984$4,271$2,563$1,874
39 years$16,590$10,592$6,543$3,938$2,324$1,682
40 years$15,996$10,077$6,133$3,632$2,108$1,510
41 years$15,432$9,592$5,751$3,351$1,912$1,356
42 years$14,896$9,135$5,395$3,093$1,735$1,218
43 years$14,386$8,704$5,062$2,855$1,575$1,094
44 years$13,901$8,297$4,752$2,636$1,430$983
45 years$13,439$7,912$4,462$2,435$1,298$883
46 years$12,998$7,548$4,190$2,249$1,178$793
47 years$12,578$7,203$3,937$2,078$1,070$713
48 years$12,176$6,876$3,700$1,920$972$641
49 years$11,791$6,566$3,477$1,774$883$576
50 years$11,423$6,272$3,269$1,640$802$517

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,700,000, adding $6,824 every year, while hoping to spend $24,557 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: 43/46/11 Blend
50$11,700,000$11,700,000$11,700,000$11,700,000
51$12,900,439$12,280,339$12,098,989$13,413,737
52$14,190,155$12,855,947$12,478,177$14,348,068
53$15,610,600$13,458,937$12,869,244$15,356,643
54$17,175,080$14,090,624$13,272,563$16,448,713
55$18,898,262$14,752,389$13,688,518$17,631,937
56$20,796,306$15,445,676$14,117,504$18,914,716
57$22,887,017$16,172,003$14,559,929$20,306,264
58$25,190,021$16,932,959$15,016,214$21,816,697
59$27,726,939$17,730,210$15,486,794$23,457,115
60$30,521,601$18,565,504$15,972,115$25,239,701
61$33,600,263$19,440,673$16,472,640$27,177,836
62$36,991,861$20,357,637$16,988,844$29,286,211
63$40,728,279$21,318,409$17,521,219$31,580,963
64$44,844,654$22,325,102$18,070,270$34,079,818
65$49,379,705$23,379,929$18,636,521$36,802,252
66$54,376,100$24,485,210$19,220,509$39,769,663
67$59,880,857$25,643,380$19,822,791$43,005,569
68$65,945,788$26,856,989$20,443,938$46,535,820
69$72,627,990$28,128,714$21,084,542$50,388,828
70$79,990,383$29,461,358$21,745,211$54,595,831
71$88,102,301$30,857,864$22,426,575$59,191,176
72$97,040,151$32,321,315$23,129,281$64,212,630
73$106,888,131$33,854,944$23,853,997$69,701,729
74$117,739,027$35,462,143$24,601,412$75,704,152
75$129,695,086$37,146,466$25,372,237$82,270,149
76$142,868,983$38,911,641$26,167,206$89,454,993
77$157,384,885$40,761,577$26,987,073$97,319,495
78$173,379,622$42,700,373$27,832,619$105,930,559
79$191,003,979$44,732,327$28,704,647$115,361,801
80$210,424,119$46,861,945$29,603,986$125,694,229
81$231,823,151$49,093,952$30,531,492$137,016,988
82$255,402,862$51,433,305$31,488,046$149,428,189
83$281,385,616$53,885,200$32,474,558$163,035,812
84$310,016,459$56,455,084$33,491,966$177,958,710
85$341,565,427$59,148,673$34,541,236$194,327,710
86$376,330,100$61,971,956$35,623,366$212,286,828
87$414,638,406$64,931,219$36,739,385$231,994,604
88$456,851,723$68,033,048$37,890,354$253,625,582
89$503,368,284$71,284,353$39,077,366$277,371,926
90$554,626,942$74,692,379$40,301,551$303,445,216
91$611,111,308$78,264,724$41,564,071$332,078,414
92$673,354,321$82,009,354$42,866,127$363,528,040
93$741,943,276$85,934,626$44,208,956$398,076,561
94$817,525,368$90,049,301$45,593,834$436,035,032
95$900,813,806$94,362,568$47,022,078$477,745,997
96$992,594,541$98,884,061$48,495,045$523,586,691
97$1,093,733,690$103,623,885$50,014,134$573,972,567
98$1,205,185,709$108,592,638$51,580,791$629,361,180
99$1,328,002,406$113,801,432$53,196,502$690,256,474
100$1,463,342,871$119,261,922$54,862,804$757,213,493