Can I retire at age 51 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$974,433$965,753$957,285$949,019$940,949$924,600
2 years$482,393$473,408$464,701$456,259$448,071$431,652
3 years$318,401$309,378$300,693$292,330$284,274$268,298
4 years$236,421$227,425$218,827$210,607$202,747$187,336
5 years$187,245$178,304$169,819$161,766$154,125$139,323
6 years$154,473$145,599$137,239$129,366$121,954$107,778
7 years$131,073$122,274$114,046$106,359$99,181$85,636
8 years$113,531$104,811$96,720$89,222$82,280$69,362
9 years$99,894$91,257$83,305$75,997$69,292$56,993
10 years$88,992$80,438$72,627$65,510$59,040$47,351
11 years$80,077$71,610$63,940$57,014$50,777$39,683
12 years$72,653$64,273$56,745$50,009$44,002$33,490
13 years$66,377$58,084$50,698$44,150$38,370$28,425
14 years$61,001$52,797$45,552$39,192$33,635$24,238
15 years$56,347$48,231$41,128$34,952$29,615$20,748
16 years$52,278$44,251$37,288$31,296$26,174$17,818
17 years$48,692$40,753$33,931$28,119$23,208$15,343
18 years$45,508$37,658$30,974$25,341$20,635$13,243
19 years$42,662$34,901$28,356$22,898$18,393$11,453
20 years$40,104$32,432$26,023$20,738$16,429$9,921
21 years$37,793$30,209$23,936$18,821$14,702$8,607
22 years$35,695$28,199$22,061$17,113$13,178$7,475
23 years$33,782$26,374$20,370$15,585$11,829$6,500
24 years$32,031$24,711$18,838$14,214$10,633$5,657
25 years$30,422$23,190$17,448$12,981$9,568$4,927
26 years$28,940$21,795$16,182$11,870$8,618$4,294
27 years$27,570$20,511$15,027$10,864$7,770$3,745
28 years$26,300$19,328$13,969$9,954$7,011$3,268
29 years$25,119$18,233$13,000$9,128$6,331$2,853
30 years$24,020$17,219$12,109$8,377$5,720$2,491
31 years$22,993$16,278$11,289$7,694$5,172$2,176
32 years$22,033$15,402$10,532$7,071$4,678$1,902
33 years$21,132$14,586$9,834$6,502$4,234$1,662
34 years$20,286$13,825$9,188$5,983$3,833$1,453
35 years$19,491$13,112$8,591$5,507$3,472$1,271
36 years$18,741$12,446$8,036$5,072$3,146$1,112
37 years$18,034$11,820$7,522$4,673$2,851$972
38 years$17,365$11,234$7,044$4,308$2,585$851
39 years$16,732$10,682$6,599$3,972$2,344$744
40 years$16,132$10,163$6,186$3,663$2,126$651
41 years$15,564$9,674$5,800$3,380$1,929$570
42 years$15,023$9,213$5,441$3,119$1,750$499
43 years$14,509$8,779$5,105$2,879$1,588$437
44 years$14,020$8,368$4,792$2,659$1,442$382
45 years$13,554$7,979$4,500$2,455$1,309$334
46 years$13,109$7,612$4,226$2,268$1,188$293
47 years$12,685$7,264$3,971$2,095$1,079$256
48 years$12,280$6,935$3,731$1,936$980$224
49 years$11,892$6,622$3,507$1,789$890$196
50 years$11,521$6,326$3,297$1,654$808$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,800,000, adding $2,543 every year, while hoping to spend $22,952 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: 55/40/5 Blend
50$11,800,000$11,800,000$11,800,000$11,800,000
51$13,006,223$12,380,823$12,197,923$13,708,190
52$14,308,437$12,963,063$12,582,133$14,763,716
53$15,742,708$13,573,063$12,978,444$15,909,522
54$17,322,480$14,212,159$13,387,239$17,156,373
55$19,062,571$14,881,753$13,808,909$18,513,857
56$20,979,307$15,583,313$14,243,861$19,992,507
57$23,090,680$16,318,378$14,692,514$21,603,895
58$25,416,514$17,088,563$15,155,297$23,360,736
59$27,978,656$17,895,561$15,632,658$25,277,006
60$30,801,181$18,741,146$16,125,054$27,368,065
61$33,910,618$19,627,178$16,632,960$29,650,796
62$37,336,201$20,555,609$17,156,864$32,143,763
63$41,110,144$21,528,485$17,697,269$34,867,374
64$45,267,947$22,547,949$18,254,696$37,844,075
65$49,848,730$23,616,251$18,829,681$41,098,546
66$54,895,601$24,735,748$19,422,776$44,657,933
67$60,456,066$25,908,914$20,034,553$48,552,096
68$66,582,474$27,138,339$20,665,599$52,813,883
69$73,332,511$28,426,743$21,316,522$57,479,429
70$80,769,749$29,776,975$21,987,947$62,588,493
71$88,964,241$31,192,024$22,680,521$68,184,822
72$97,993,185$32,675,024$23,394,909$74,316,555
73$107,941,650$34,229,261$24,131,799$81,036,667
74$118,903,383$35,858,180$24,891,899$88,403,460
75$130,981,692$37,565,394$25,675,941$96,481,103
76$144,290,417$39,354,691$26,484,678$105,340,224
77$158,955,014$41,230,045$27,318,889$115,058,567
78$175,113,729$43,195,621$28,179,375$125,721,715
79$192,918,910$45,255,787$29,066,965$137,423,880
80$212,538,442$47,415,124$29,982,512$150,268,785
81$234,157,333$49,678,435$30,926,896$164,370,623
82$257,979,460$52,050,758$31,901,026$179,855,125
83$284,229,494$54,537,373$32,905,839$196,860,730
84$313,155,019$57,143,822$33,942,302$215,539,871
85$345,028,873$59,875,910$35,011,411$236,060,405
86$380,151,719$62,739,731$36,114,194$258,607,173
87$418,854,887$65,741,670$37,251,712$283,383,729
88$461,503,500$68,888,427$38,425,059$310,614,242
89$508,499,923$72,187,026$39,635,364$340,545,590
90$560,287,557$75,644,832$40,883,791$373,449,670
91$617,355,030$79,269,571$42,171,540$409,625,944
92$680,240,807$83,069,344$43,499,851$449,404,238
93$749,538,274$87,052,646$44,870,000$493,147,834
94$825,901,338$91,228,387$46,283,306$541,256,873
95$910,050,606$95,605,908$47,741,127$594,172,104
96$1,002,780,179$100,195,009$49,244,866$652,379,017
97$1,104,965,158$105,005,965$50,795,970$716,412,396
98$1,217,569,899$110,049,552$52,395,930$786,861,337
99$1,341,657,119$115,337,071$54,046,284$864,374,774
100$1,478,397,932$120,880,374$55,748,621$949,667,574